Trading a FDRS straddle lets you take a pure volatility position on Founder-Led ETF without committing to a direction. Founder-Led 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 FDRS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FDRS 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 Founder-Led 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 FDRS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
FDRS contains a portfolio of the top 50 stocks of US companies that are led by at least one of their founders. Stocks may be of any market capitalization but will be weighted in the portfolio based on market capitalization, up to a cap of 10%. The index is reconstituted and rebalanced quarterly on the third Friday of March, June, September, and December. The fund is considered non-diversified, which means it may become concentrated in a particular sector or industry.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FDRS straddle is the cleanest expression of that view. Our scanner prices every FDRS 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 FDRS straddle into a catalyst or short a FDRS straddle to harvest decay, the options straddle setups that matter are all in one place.
