How are VCX straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the VCX straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 118.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,820.47 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a VCX straddle?

The breakeven for the VCX straddle priced on this page is roughly $66.70 and $103.30 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current VCX market-implied 1-standard-deviation expected move is approximately 33.86%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current VCX implied volatility affect this straddle?

Current VCX ATM IV is 118.10%; IV rank context is unavailable in the current snapshot.

VCX Straddle Strategy

VCX (Fundrise Innovation Fund, LLC), in the Financial Services sector, (Asset Management industry), listed on NYSE.

Fundrise Growth Tech Fund, LLC is a venture capital fund specializing in directly investing. The fund seeks to invest in middle, late and growth stage of investments. The Fund focuses on Technology sector with focus advertising (AdTech); sales and marketing technology; media; biotechnology (BioTech); health care equipment and supplies; health care technology; pharmaceuticals; artificial intelligence; data and analytics; design tech; education technology (EdTech); financial services technology (FinTech); real estate technology (PropTech); gaming; internet services; manufacturing technology; entertainment; mapping; payments; privacy & security; science and engineering; energy and sustainability technology; energy equipment and services; technology hardware, storage and peripherals; software; electronic equipment, instruments and components; communications equipment; semiconductors and semiconductor equipment; agriculture; transportation; commercial services and supplies; chemicals; synthetic materials; aerospace and defense; and nanotechnology.

VCX (Fundrise Innovation Fund, LLC) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $3.66B, a trailing P/E of 66.29, a beta of -43.73 versus the broader market, a 52-week range of 31.21-575, average daily share volume of 364K, a public-listing history dating back to 2026. These structural characteristics shape how VCX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -43.73 indicates VCX has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 66.29 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. VCX pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a straddle on VCX?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

Current VCX snapshot

As of June 29, 2026, spot at $85.52, ATM IV 118.10%, expected move 33.86%. The straddle on VCX below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 18-day expiry.

Why this straddle structure on VCX specifically: IV rank is unavailable in the current snapshot, so regime-based timing for VCX is inferred from ATM IV at 118.10% alone, with a market-implied 1-standard-deviation move of approximately 33.86% (roughly $28.96 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated VCX expiries trade a higher absolute premium for lower per-day decay. Position sizing on VCX should anchor to the underlying notional of $85.52 per share and to the trader's directional view on VCX stock.

VCX straddle setup

The VCX straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With VCX near $85.52, the first option leg uses a $85.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VCX chain at a 18-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 VCX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$85.00	$9.05
Buy 1	Put	$85.00	$9.25

VCX straddle risk and reward

Net Premium / Debit: -$1,830.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,820.47
Breakeven(s): $66.70, $103.30
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

VCX straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on VCX. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$6,669.00
$18.92	-77.9%	+$4,778.22
$37.83	-55.8%	+$2,887.43
$56.73	-33.7%	+$996.65
$75.64	-11.6%	-$894.14
$94.55	+10.6%	-$875.08
$113.46	+32.7%	+$1,015.70
$132.36	+54.8%	+$2,906.49
$151.27	+76.9%	+$4,797.27
$170.18	+99.0%	+$6,688.06

When traders use straddle on VCX

Straddles on VCX are pure-volatility plays that profit from large moves in either direction; traders typically buy VCX straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

VCX thesis for this straddle

The market-implied 1-standard-deviation range for VCX extends from approximately $56.56 on the downside to $114.48 on the upside. A VCX long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. As a Financial Services name, VCX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VCX-specific events.

VCX straddle positions are structurally neutral / high-volatility (long premium); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. VCX positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VCX alongside the broader basket even when VCX-specific fundamentals are unchanged. Always rebuild the position from current VCX chain quotes before placing a trade.

Frequently asked questions

What is a straddle on VCX?: A straddle on VCX is the straddle strategy applied to VCX (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With VCX stock trading near $85.52, the strikes shown on this page are snapped to the nearest listed VCX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are VCX straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the VCX straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 118.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,820.47 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a VCX straddle?: The breakeven for the VCX straddle priced on this page is roughly $66.70 and $103.30 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current VCX market-implied 1-standard-deviation expected move is approximately 33.86%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on VCX?: Straddles on VCX are pure-volatility plays that profit from large moves in either direction; traders typically buy VCX straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current VCX implied volatility affect this straddle?: Current VCX ATM IV is 118.10%; IV rank context is unavailable in the current snapshot.