Trading a PKB straddle lets you take a pure volatility position on Invesco Building & Construction ETF without committing to a direction. Invesco Building & Construction 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 PKB straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PKB 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 Building & Construction 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 PKB straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco Building & Construction ETF (Fund) is based on the Dynamic Building & Construction Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is comprised of securities of 30 US building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports.
The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PKB straddle is the cleanest expression of that view. Our scanner prices every PKB 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 PKB straddle into a catalyst or short a PKB straddle to harvest decay, the options straddle setups that matter are all in one place.
