Trading a CTEX straddle lets you take a pure volatility position on ProShares S&P Kensho Cleantech ETF without committing to a direction. ProShares S&P Kensho Cleantech 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 CTEX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CTEX 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 S&P Kensho Cleantech 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 CTEX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund invests in securities that ProShare Advisors believes, in combination, should track the performance of the index. The index selects companies focused on building the technologies or products that enable the generation of clean energy, such as solar, wind, geothermal, hydrogen, and hydroelectric. The fund will invest in all of the component securities of the index in approximately the same proportion as the index. It is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CTEX straddle is the cleanest expression of that view. Our scanner prices every CTEX 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 CTEX straddle into a catalyst or short a CTEX straddle to harvest decay, the options straddle setups that matter are all in one place.
