Trading a SOXQ straddle lets you take a pure volatility position on Invesco PHLX Semiconductor ETF without committing to a direction. Invesco PHLX Semiconductor 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 SOXQ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SOXQ 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 PHLX Semiconductor 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 SOXQ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco PHLX Semiconductor ETF (Fund) is based on the PHLX Semiconductor Sector 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 performance of the 30 largest U.S.-listed securities of companies engaged in the semiconductor business. Semiconductors include products such as memory chips, microprocessors, integrated circuits and related equipment that serve a wide variety of purposes in various types of electronics, including in personal household products, automobiles and computers, among others.
The Index includes companies engaged in the design, distribution, manufacture and sale of semiconductors. The Fund and the Index are reconstituted annually in September and rebalanced quarterly in March, June, September and December.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SOXQ straddle is the cleanest expression of that view. Our scanner prices every SOXQ 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 SOXQ straddle into a catalyst or short a SOXQ straddle to harvest decay, the options straddle setups that matter are all in one place.
