Trading a SPHD straddle lets you take a pure volatility position on Invesco S&P 500 High Dividend Low Volatility ETF without committing to a direction. Invesco S&P 500 High Dividend Low Volatility 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 SPHD straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SPHD 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 High Dividend Low Volatility 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 SPHD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco S&P 500 High Dividend Low Volatility ETF (Fund) is based on the S&P 500 Low Volatility High Dividend Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. Standard & Poor's compiles, maintains and calculates the Index, which is composed of 50 securities traded on the S&P 500 Index that historically have provided high dividend yields and low volatility. The Fund and the Index are rebalanced and reconstituted semi-annually, in January and July.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SPHD straddle is the cleanest expression of that view. Our scanner prices every SPHD 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 SPHD straddle into a catalyst or short a SPHD straddle to harvest decay, the options straddle setups that matter are all in one place.
