PTNQ Straddle Strategy
PTNQ (Pacer Trendpilot 100 ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
The Pacer Trendpilot 100 ETF operates as an exchange-traded fund, with its primary goal being to accurately reflect the comprehensive return generated by the Pacer NASDAQ-100 Trendpilot Index, preceding the deduction of any associated fees and expenditures.
PTNQ (Pacer Trendpilot 100 ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $1.33B, a beta of 0.80 versus the broader market, a 52-week range of 70.4-90.15, average daily share volume of 37K, a public-listing history dating back to 2015. These structural characteristics shape how PTNQ etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.80 places PTNQ roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. PTNQ pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a straddle on PTNQ?
A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.
Current PTNQ snapshot
As of June 29, 2026, spot at $87.27, ATM IV 21.80%, IV rank 53.00%, expected move 6.25%. The straddle on PTNQ below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 80-day expiry.
Why this straddle structure on PTNQ specifically: PTNQ IV at 21.80% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 6.25% (roughly $5.45 on the underlying). The 80-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated PTNQ expiries trade a higher absolute premium for lower per-day decay. Position sizing on PTNQ should anchor to the underlying notional of $87.27 per share and to the trader's directional view on PTNQ etf.
PTNQ straddle setup
The PTNQ straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With PTNQ near $87.27, the first option leg uses a $87.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed PTNQ chain at a 80-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 PTNQ shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $87.00 | $4.30 |
| Buy 1 | Put | $87.00 | $2.45 |
PTNQ straddle risk and reward
- Net Premium / Debit
- -$675.00
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- -$658.65
- Breakeven(s)
- $80.25, $93.75
- Risk / Reward Ratio
- Unbounded
Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.
PTNQ straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle on PTNQ. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | +$8,024.00 |
| $19.30 | -77.9% | +$6,094.52 |
| $38.60 | -55.8% | +$4,165.05 |
| $57.89 | -33.7% | +$2,235.57 |
| $77.19 | -11.6% | +$306.09 |
| $96.48 | +10.6% | +$273.39 |
| $115.78 | +32.7% | +$2,202.86 |
| $135.07 | +54.8% | +$4,132.34 |
| $154.37 | +76.9% | +$6,061.82 |
| $173.66 | +99.0% | +$7,991.30 |
When traders use straddle on PTNQ
Straddles on PTNQ are pure-volatility plays that profit from large moves in either direction; traders typically buy PTNQ straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
PTNQ thesis for this straddle
The market-implied 1-standard-deviation range for PTNQ extends from approximately $81.82 on the downside to $92.72 on the upside. A PTNQ long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current PTNQ IV rank near 53.00% is mid-range against its 1-year distribution, so the IV signal is neutral; the straddle thesis on PTNQ should anchor more to the directional view and the expected-move geometry. As a Financial Services name, PTNQ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to PTNQ-specific events.
PTNQ straddle positions are structurally neutral / high-volatility (long premium); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. PTNQ positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move PTNQ alongside the broader basket even when PTNQ-specific fundamentals are unchanged. Always rebuild the position from current PTNQ chain quotes before placing a trade.
Frequently asked questions
- What is a straddle on PTNQ?
- A straddle on PTNQ is the straddle strategy applied to PTNQ (etf). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With PTNQ etf trading near $87.27, the strikes shown on this page are snapped to the nearest listed PTNQ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are PTNQ straddle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the PTNQ straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 21.80%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$658.65 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a PTNQ straddle?
- The breakeven for the PTNQ straddle priced on this page is roughly $80.25 and $93.75 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current PTNQ market-implied 1-standard-deviation expected move is approximately 6.25%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on PTNQ?
- Straddles on PTNQ are pure-volatility plays that profit from large moves in either direction; traders typically buy PTNQ straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
- How does current PTNQ implied volatility affect this straddle?
- PTNQ ATM IV is at 21.80% with IV rank near 53.00%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.