Invesco S&P SmallCap Quality ETF (XSHQ) Straddle

Trading a XSHQ straddle lets you take a pure volatility position on Invesco S&P SmallCap Quality ETF without committing to a direction. Invesco S&P SmallCap Quality 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 XSHQ straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on XSHQ 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 SmallCap Quality 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 XSHQ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Invesco S&P SmallCap Quality ETF (Fund) is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the XSHQ straddle is the cleanest expression of that view. Our scanner prices every XSHQ 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 XSHQ straddle into a catalyst or short a XSHQ straddle to harvest decay, the options straddle setups that matter are all in one place.