Invesco S&P SmallCap Consumer Staples ETF (PSCC) Straddle

Trading a PSCC straddle lets you take a pure volatility position on Invesco S&P SmallCap Consumer Staples ETF without committing to a direction. Invesco S&P SmallCap Consumer Staples 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 PSCC straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PSCC 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 S&P SmallCap Consumer Staples 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 PSCC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco S&P SmallCap Consumer Staples ETF (Fund) is based on the S&P SmallCap 600 Capped Consumer Staples Index (Index). The Fund will normally invest at least 90% of its total assets in the securities of small-capitalization US consumer staples companies that comprise the Index. The Index is designed to measure the overall performance of common stocks of US consumer staples companies. These companies are principally engaged in the business of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and nondiscretionary retail.The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market.

The Fund and the Index are rebalanced and reconstituted quarterly.Effective at the close of markets on July 14, 2023, the Fund will effect a “3 for 1” forward split of its issued and outstanding shares. Please see the prospectus for more information.

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