Trading a SVIX straddle lets you take a pure volatility position on -1x Short VIX Futures ETF without committing to a direction. -1x Short VIX Futures 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 SVIX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SVIX 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 -1x Short VIX Futures 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 SVIX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The index measures the daily inverse performance of a portfolio of first and second month VIX futures contracts. This theoretical portfolio is rolled each day to maintain a consistent time to maturity of the futures contracts. The index is calculated daily at 4:00 p.m. (Eastern time) and at a value calculated from the average price for the futures contracts between 3:45 p.m. (Eastern time) and 4:00 p.m. (Eastern time).
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SVIX straddle is the cleanest expression of that view. Our scanner prices every SVIX 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 SVIX straddle into a catalyst or short a SVIX straddle to harvest decay, the options straddle setups that matter are all in one place.
