Invesco Ultra Short Duration ETF (GSY) Straddle

Trading a GSY straddle lets you take a pure volatility position on Invesco Ultra Short Duration ETF without committing to a direction. Invesco Ultra Short Duration 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 GSY straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on GSY 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 Ultra Short Duration 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 GSY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco Ultra Short Duration ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks to provide returns in excess of cash equivalents while also seeking to provide preservation of capital and daily liquidity. The Fund will invest at least 80% of its total assets in fixed income securities of varying maturities, but with an average duration of less than one year. As of 08/31/2025 the Fund had an overall rating of 4 stars out of 211 funds and was rated 4 stars out of 211 funds, 3 stars out of 183 funds and 4 stars out of 111 funds for the 3-, 5- and 10- year periods, respectively.

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2025 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

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