PBP Stock Summary and Trading Ideas (Invesco S&P 500 Buywrite ETF | ARCA:PBP)

The The Invesco S&P 500 BuyWrite ETF (Fund) is based on the CBOE S&P 500 BuyWrite Index, (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index and will write (sell) call options thereon. The Index is a total return benchmark index that is designed to track the performance of a hypothetical "buy-write" strategy on the S&P 500 Index. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a long position indexed to the S&P 500 Index and selling a succession of covered call options, each with an exercise price at or above the prevailing price level of the S&P 500 Index. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco S&P 500 Buywrite ETF trades on the ARCA stock market under the symbol PBP.

As of January 17, 2025, PBP stock price was flat at $23.90 with 105,558 million shares trading.

PBP has a market cap of $113.53 million. This is considered a Micro Cap stock.

In the last 3 years, PBP traded as high as $24.04 and as low as $18.56.

PBP has underperformed the market in the last year with a price return of +22.9% while the SPY ETF gained +28.0%. However, in the short term, PBP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.8% vs +3.0% return in SPY. But in the last 2 weeks, PBP shares have been beat by the market, returning +0.8% compared to an SPY return of +1.0%.

PBP support price is $23.74 and resistance is $24.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBP shares will trade within this expected range on the day.