Trading a PGJ straddle lets you take a pure volatility position on Invesco Golden Dragon China ETF without committing to a direction. Invesco Golden Dragon China 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 PGJ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PGJ 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 Golden Dragon China 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 PGJ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco Golden Dragon China ETF (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People’s Republic of China and that comprise the Index. The Index is composed of US exchange-listed companies that are headquartered or incorporated in the People’s Republic of China. The Fund and the Index are rebalanced and reconstituted quarterly.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PGJ straddle is the cleanest expression of that view. Our scanner prices every PGJ 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 PGJ straddle into a catalyst or short a PGJ straddle to harvest decay, the options straddle setups that matter are all in one place.
