First Trust Developed Markets ex-US AlphaDEX Fund (FDT) Straddle

Trading a FDT straddle lets you take a pure volatility position on First Trust Developed Markets ex-US AlphaDEX Fund without committing to a direction. First Trust Developed Markets ex-US AlphaDEX Fund'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 FDT straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on FDT 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 Developed Markets ex-US AlphaDEX Fund 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 FDT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The First Trust Developed Markets ex-US AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Nasdaq AlphaDEX Developed Markets Ex-US Index.

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