Cambria Tail Risk ETF (TAIL) Straddle

Trading a TAIL straddle lets you take a pure volatility position on Cambria Tail Risk ETF without committing to a direction. Cambria Tail Risk 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 TAIL straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on TAIL 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 Cambria Tail Risk 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 TAIL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Cambria Tail Risk ETF seeks to mitigate downside market risk by purchasing a portfolio of "out of the money" put options on the S&P 500 Index, as well as U.S. Treasuries to potentially provide income. Why TAIL?

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