Invesco Global Clean Energy ETF (PBD) Straddle

Trading a PBD straddle lets you take a pure volatility position on Invesco Global Clean Energy ETF without committing to a direction. Invesco Global Clean Energy 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 PBD straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PBD 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 Global Clean Energy 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 PBD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco Global Clean Energy ETF (Fund) is based on the WilderHill New Energy Global Innovation Index (Index). The Fund will generally invest at least 90% of its total assets in securities that comprise the Index as well as American Depository Receipts (ADRs) and global depositary receipts (GDRs) that represent securities in the Index. The Index is comprised of companies engaged in the business of the advancement of cleaner energy and conservation. The Fund and the Index are rebalanced and reconstituted quarterly.

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