Trading a PSCT straddle lets you take a pure volatility position on Invesco S&P SmallCap Information Technology ETF without committing to a direction. Invesco S&P SmallCap Information Technology 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 PSCT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PSCT 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 Information Technology 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 PSCT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco S&P SmallCap Information Technology ETF (Fund) is based on the S&P SmallCap 600 Capped Information Technology 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 the securities of US information technology companies. These companies are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors and communication technologies.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 PSCT straddle is the cleanest expression of that view. Our scanner prices every PSCT 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 PSCT straddle into a catalyst or short a PSCT straddle to harvest decay, the options straddle setups that matter are all in one place.
