Trading a VIXY straddle lets you take a pure volatility position on ProShares VIX Short-Term Futures ETF without committing to a direction. ProShares VIX Short-Term 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 VIXY straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on VIXY 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 VIX Short-Term 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 VIXY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
ProShares VIX Short-Term Futures ETF seeks investment results, before fees and expenses, that match the performance of the S&P 500 VIX Short-Term Futures IndexTM.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the VIXY straddle is the cleanest expression of that view. Our scanner prices every VIXY 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 VIXY straddle into a catalyst or short a VIXY straddle to harvest decay, the options straddle setups that matter are all in one place.
