Trading a TBF straddle lets you take a pure volatility position on ProShares Short 20+ Year Treasury -1x Shares without committing to a direction. ProShares Short 20+ Year Treasury -1x Shares'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 TBF straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on TBF 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 Short 20+ Year Treasury -1x Shares 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 TBF straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
ProShares Short 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the TBF straddle is the cleanest expression of that view. Our scanner prices every TBF 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 TBF straddle into a catalyst or short a TBF straddle to harvest decay, the options straddle setups that matter are all in one place.
