Invesco S&P SmallCap Health Care ETF (PSCH) Expected Move

Tracking the PSCH expected move helps you see how far Invesco S&P SmallCap Health Care ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. Invesco S&P SmallCap Health Care ETF's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the PSCH expected move for this week's options, in real time.

The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For PSCH, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The PSCH expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks Invesco S&P SmallCap Health Care ETF is unlikely to go.

The Invesco S&P SmallCap Health Care ETF (Fund) is based on the S&P SmallCap 600 Capped Health Care Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the overall performance of common stocks in the health care sector. Included are healthcare companies principally engaged in the business of providing healthcare-related products, facilities and services, including biotechnology, pharmaceuticals, medical technology and supplies.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.

Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the PSCH expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The Invesco S&P SmallCap Health Care ETF expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about PSCH.