Invesco Aerospace & Defense ETF (PPA) Unusual Options Activity Today

Checking PPA unusual options activity helps you spot when traders are making outsized bets on Invesco Aerospace & Defense ETF before the broader market catches on. Invesco Aerospace & Defense ETF's unusual options activity flags contracts trading at multiples of their average daily volume, often signaling that informed money is positioning ahead of a catalyst. Use our scanner to monitor PPA unusual options activity today and surface the prints that deserve a second look.

Unusual options flow typically refers to trades where volume vastly exceeds open interest at a given strike, or where total contract volume on a name spikes well above its norm. Watching PPA unusual options flow today can reveal large block trades, sweeps across exchanges, and aggressive directional bets. Tracking PPA unusual options volume across calls and puts helps you separate hedging activity from genuinely speculative positioning, and PPA unusual options flow data becomes especially valuable around earnings, product launches, and macro events.

The Invesco Aerospace & Defense ETF (Fund) is based on the SPADE Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly. As of 08/31/2025 the Fund had an overall rating of 5 stars out of 46 funds and was rated 5 stars out of 46 funds, 5 stars out of 42 funds and 5 stars out of 33 funds for the 3-, 5- and 10- year periods, respectively.

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2025 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Catalysts rarely arrive without a footprint, and PPA unusual options activity is often where that footprint shows up first. Our scanner tracks Invesco Aerospace & Defense ETF's unusual options flow in real time, ranks prints by volume-to-open-interest, premium spent, and aggressor side, and separates real conviction from noise. Whether you're looking at PPA unusual options volume on the call side or chasing put sweeps, Invesco Aerospace & Defense ETF's unusual options flow today is one click away, so put it on your radar before the headlines hit.