Fidelity International Multifactor ETF (FDEV) Straddle

Trading a FDEV straddle lets you take a pure volatility position on Fidelity International Multifactor ETF without committing to a direction. Fidelity International Multifactor 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 FDEV straddle pricing in real time and find the moments when expected moves are mispriced.

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

Provides exposure to a portfolio of international companies that score well across value, quality, low volatility, and momentum factors, and also have lower correlation to the US market.

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