Trading a PTH straddle lets you take a pure volatility position on Invesco Dorsey Wright Healthcare Momentum ETF without committing to a direction. Invesco Dorsey Wright Healthcare Momentum 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 PTH straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PTH 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 Dorsey Wright Healthcare Momentum 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 PTH straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco Dorsey Wright Healthcare Momentum ETF (Fund) is based on the Dorsey Wright Healthcare Technical Leaders 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 identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index. Relative strength is the measurement of a security's performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PTH straddle is the cleanest expression of that view. Our scanner prices every PTH 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 PTH straddle into a catalyst or short a PTH straddle to harvest decay, the options straddle setups that matter are all in one place.
