ProShares Russell US Dividend Growers ETF (TMDV) Straddle

Trading a TMDV straddle lets you take a pure volatility position on ProShares Russell US Dividend Growers ETF without committing to a direction. ProShares Russell US Dividend Growers 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 TMDV straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on TMDV 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 Russell US Dividend Growers 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 TMDV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The index, constructed and maintained by FTSE International Limited, targets companies that are currently members of the Russell 3000 Index, have increased dividend payments each year for at least 35 years, and meet certain liquidity requirements. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities.

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