State Street SPDR ICE Preferred Securities ETF (PSK) Straddle

Trading a PSK straddle lets you take a pure volatility position on State Street SPDR ICE Preferred Securities ETF without committing to a direction. State Street SPDR ICE Preferred Securities 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 PSK straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PSK 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 State Street SPDR ICE Preferred Securities 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 PSK straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The State Street SPDR ICE Preferred Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index (the "Index")Seeks to provide exposure to preferred securities that are non-convertible, have a par amount of $25, and maintain a minimum par value of $250 millionThe Index holdings are required to be rated investment grade by either Moody's Investors Service, Inc. or S&P Global Ratings.

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