Defiance Daily Target 2X Long SOFI ETF (SOFX) Straddle

Trading a SOFX straddle lets you take a pure volatility position on Defiance Daily Target 2X Long SOFI ETF without committing to a direction. Defiance Daily Target 2X Long SOFI 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 SOFX straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SOFX 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 Defiance Daily Target 2X Long SOFI 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 SOFX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

SOFX uses swap agreements to make bullish bets on SoFi Technologies, Inc. (SOFI) share price. SOFI is an American personal finance and financial technology company that provides various financial services. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in SOFI's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position.

SOFX could potentially lose value over time, even if SOFI's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the SOFX straddle is the cleanest expression of that view. Our scanner prices every SOFX 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 SOFX straddle into a catalyst or short a SOFX straddle to harvest decay, the options straddle setups that matter are all in one place.