Trading a SPGP straddle lets you take a pure volatility position on Invesco S&P 500 GARP ETF without committing to a direction. Invesco S&P 500 GARP 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 SPGP straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SPGP 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 500 GARP 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 SPGP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco S&P 500 GARP ETF (Fund) is based on the S&P 500 Growth at a Reasonable Price Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of approximately 75 securities in the S&P 500 Index that have been identified as having the highest “growth scores” and “quality and value composite scores,” calculated pursuant to the index methodology. The Index constituents are weighted based on their growth scores. The Fund and the Index are rebalanced and reconstituted semi-annually.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SPGP straddle is the cleanest expression of that view. Our scanner prices every SPGP 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 SPGP straddle into a catalyst or short a SPGP straddle to harvest decay, the options straddle setups that matter are all in one place.
