Invesco S&P SmallCap Low Volatility ETF (XSLV) Straddle

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

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

The Invesco S&P SmallCap Low Volatility ETF (Fund) is based on the S&P SmallCap 600 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in the securities that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 120 out of 600 small-capitalization securities from the S&P SmallCap 600 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

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