Trading a SFY straddle lets you take a pure volatility position on SoFi Select 500 ETF without committing to a direction. SoFi Select 500 ETF's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate SFY straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SFY profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when SoFi Select 500 ETF stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the SFY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index follows a rules-based methodology that tracks the performance of 500 of the largest U.S.-listed companies weighted based on a proprietary mix of their market capitalization and fundamental factors.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SFY straddle is the cleanest expression of that view. Our scanner prices every SFY straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a SFY straddle into a catalyst or short a SFY straddle to harvest decay, the options straddle setups that matter are all in one place.
