ProShares Investment Grade-Interest Rate Hedged (IGHG) Straddle

Trading a IGHG straddle lets you take a pure volatility position on ProShares Investment Grade-Interest Rate Hedged without committing to a direction. ProShares Investment Grade-Interest Rate Hedged'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 IGHG straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on IGHG 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 Investment Grade-Interest Rate Hedged 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 IGHG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The index is comprised of (a) long positions in USD-denominated investment grade corporate bonds issued by both U.S. and foreign domiciled companies; and (b) short positions in U.S. Treasury notes or bonds ("Treasury Securities") of, in aggregate, approximate equivalent duration to the investment grade bonds. The fund will invest at least 80% of its total assets in component securities (i.e., securities of the index) and invest at least 80% of its total assets in investment grade bonds.

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