Trading a UVIX straddle lets you take a pure volatility position on 2x Long VIX Futures ETF without committing to a direction. 2x Long VIX Futures 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 UVIX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on UVIX 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 2x Long VIX Futures 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 UVIX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The index measures the daily performance of a portfolio of long positions in first and second month VIX futures contracts. This theoretical portfolio is rolled each day to maintain a consistent time to maturity of the futures contracts. The index is calculated daily at 4:00 p.m. (Eastern time) and at a value calculated from the average price for the futures contracts between 3:45 p.m. (Eastern time) and 4:00 p.m. (Eastern time).
Earnings, product cycles, macro prints — any time volatility itself is the trade, the UVIX straddle is the cleanest expression of that view. Our scanner prices every UVIX 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 UVIX straddle into a catalyst or short a UVIX straddle to harvest decay, the options straddle setups that matter are all in one place.
