Invesco Emerging Markets Sovereign Debt ETF (PCY) Straddle

Trading a PCY straddle lets you take a pure volatility position on Invesco Emerging Markets Sovereign Debt ETF without committing to a direction. Invesco Emerging Markets Sovereign Debt 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 PCY straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PCY 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 Emerging Markets Sovereign Debt 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 PCY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco Emerging Markets Sovereign Debt ETF (Fund) is based on the DBIQ Emerging Market USD Liquid Balanced Index (Index). The Fund will normally invest at least 80% of its total assets in securities that comprise the Index (the "Index"). The Index tracks the potential returns of a theoretical portfolio of liquid emerging markets US dollar-denominated government bonds issued by more than 20 emerging-market countries. The countries in the Index are selected annually pursuant to a proprietary index methodology. The Fund and the Index are rebalanced and reconstituted quarterly.

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