Invesco S&P Global Water Index ETF (CGW) Straddle

Trading a CGW straddle lets you take a pure volatility position on Invesco S&P Global Water Index ETF without committing to a direction. Invesco S&P Global Water Index 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 CGW straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on CGW 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 Invesco S&P Global Water Index 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 CGW straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco S&P Global Water Index ETF (Fund) is based on the S&P Global Water Index (Index). The Fund will invest at least 90% of its total assets in the securities American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is comprised of developed market securities including water utilities, infrastructure, equipment, instruments and materials. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced semiannually.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the CGW straddle is the cleanest expression of that view. Our scanner prices every CGW 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 CGW straddle into a catalyst or short a CGW straddle to harvest decay, the options straddle setups that matter are all in one place.