Trading a XMMO straddle lets you take a pure volatility position on Invesco S&P MidCap Momentum ETF without committing to a direction. Invesco S&P MidCap 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 XMMO straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on XMMO 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 MidCap 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 XMMO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco S&P MidCap Momentum ETF (Fund) is based on the S&P Midcap 400 Momentum 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 securities with 80 securities in the S&P Midcap 400 Index having the highest “momentum scores,” which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 400 Index. The Fund and the Index are rebalanced and reconstituted semi-annually.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the XMMO straddle is the cleanest expression of that view. Our scanner prices every XMMO 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 XMMO straddle into a catalyst or short a XMMO straddle to harvest decay, the options straddle setups that matter are all in one place.
