Invesco International Dividend Achievers ETF (PID) Straddle

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

A long straddle on PID 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 International Dividend Achievers 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 PID straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco International Dividend Achievers ETF (Fund) is based on the NASDAQ International Dividend Achievers Index (Index). The Fund will normally invest at least 90% of its total assets in dividend-paying common stocks and other securities that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers. These companies have increased their aggregate annual regular cash dividend payments consistently for at least each of the last five consecutive years.

The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually in March and rebalanced quarterly in March, June, September and December.

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