Trading a UCC straddle lets you take a pure volatility position on ProShares Ultra Consumer Discretionary without committing to a direction. ProShares Ultra Consumer Discretionary'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 UCC straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on UCC 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 Ultra Consumer Discretionary 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 UCC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
ProShares Ultra Consumer Discretionary seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Consumer Discretionary Select SectorSM Index.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the UCC straddle is the cleanest expression of that view. Our scanner prices every UCC 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 UCC straddle into a catalyst or short a UCC straddle to harvest decay, the options straddle setups that matter are all in one place.
