Invesco Financial Preferred ETF (PGF) Straddle

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

A long straddle on PGF 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 Financial Preferred 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 PGF straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco Financial Preferred ETF (Fund) is based on the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index (Index). The Fund generally will invest at least 90% of its total assets in fixed rate U.S. dollar preferred securities issued in the U.S. domestic market by financial companies. The Index is designed to track the performance of exchange-listed fixed rate U.S. dollar preferred securities, and securities that the Index Provider believes are functionally equivalent to preferred securities issued by US financial companies, such as banking, brokerage, finance, investment and insurance .

The Fund and the Index are rebalanced monthly.

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