First Trust Dow Jones International Internet ETF (FDNI) Straddle

Trading a FDNI straddle lets you take a pure volatility position on First Trust Dow Jones International Internet ETF without committing to a direction. First Trust Dow Jones International Internet 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 FDNI straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on FDNI 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 First Trust Dow Jones International Internet 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 FDNI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The First Trust Dow Jones International Internet ETF seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Dow Jones International Internet Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index.

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