Trading a GGME straddle lets you take a pure volatility position on Invesco Next Gen Media and Gaming ETF without committing to a direction. Invesco Next Gen Media and Gaming 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 GGME straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on GGME 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 Next Gen Media and Gaming 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 GGME straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco Next Gen Media and Gaming ETF (Fund) is based on the STOXX World AC NexGen Media Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is of securities of companies with significant exposure to technologies or products that contribute to future media through direct revenue. The Fund and the Index are rebalanced after the close of trading on the second Friday of March, June, September and December.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the GGME straddle is the cleanest expression of that view. Our scanner prices every GGME 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 GGME straddle into a catalyst or short a GGME straddle to harvest decay, the options straddle setups that matter are all in one place.
