Trading a PBW straddle lets you take a pure volatility position on Invesco WilderHill Clean Energy ETF without committing to a direction. Invesco WilderHill 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 PBW straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PBW 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 WilderHill 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 PBW straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco WilderHill Clean Energy ETF (Fund) is based on the WilderHill Clean Energy Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is composed of stocks of companies that are publicly traded in the United States and engaged in the business of 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 PBW straddle is the cleanest expression of that view. Our scanner prices every PBW 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 PBW straddle into a catalyst or short a PBW straddle to harvest decay, the options straddle setups that matter are all in one place.
