Trading a VXZ straddle lets you take a pure volatility position on iPath Series B S&P 500 VIX Mid-Term FuturesTM ETN without committing to a direction. iPath Series B S&P 500 VIX Mid-Term FuturesTM ETN'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 VXZ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on VXZ 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 iPath Series B S&P 500 VIX Mid-Term FuturesTM ETN 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 VXZ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The iPath Series B S&P 500 VIX Mid-Term FuturesTM ETNs are designed to provide exposure to the S&P 500 VIX Mid-Term FuturesTM Index Total Return. The Index is designed to provide access to equity market volatility through CBOE Volatility Index futures.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the VXZ straddle is the cleanest expression of that view. Our scanner prices every VXZ 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 VXZ straddle into a catalyst or short a VXZ straddle to harvest decay, the options straddle setups that matter are all in one place.
