Trading a SPXV straddle lets you take a pure volatility position on ProShares S&P 500 Ex-Health Care ETF without committing to a direction. ProShares S&P 500 Ex-Health Care 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 SPXV straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SPXV 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 ProShares S&P 500 Ex-Health Care 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 SPXV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index. The index and fund seek to provide exposure to the companies of the S&P 500 Index (the S&P 500) with the exception of those companies included in the Health Care Sector.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SPXV straddle is the cleanest expression of that view. Our scanner prices every SPXV 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 SPXV straddle into a catalyst or short a SPXV straddle to harvest decay, the options straddle setups that matter are all in one place.
