Trading a TMF straddle lets you take a pure volatility position on Direxion Daily 20+ Year Treasury Bull 3X Shares without committing to a direction. Direxion Daily 20+ Year Treasury Bull 3X 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 TMF straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on TMF 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 Direxion Daily 20+ Year Treasury Bull 3X 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 TMF straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Direxion Daily 20+ Year Treasury Bull & Bear 3X ETFs seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will achieve their stated investment objectives.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the TMF straddle is the cleanest expression of that view. Our scanner prices every TMF 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 TMF straddle into a catalyst or short a TMF straddle to harvest decay, the options straddle setups that matter are all in one place.
