Trading a UFO straddle lets you take a pure volatility position on Procure Space ETF without committing to a direction. Procure Space 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 UFO straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on UFO 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 Procure Space 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 UFO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Procure Space ETF seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the 'S-Network Space Index' which is designed to measure the performance of companies engaged in space-related industries.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the UFO straddle is the cleanest expression of that view. Our scanner prices every UFO 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 UFO straddle into a catalyst or short a UFO straddle to harvest decay, the options straddle setups that matter are all in one place.
