REX FANG & Innovation Equity Premium Income ETF (FEPI) Expected Move

Tracking the FEPI expected move helps you see how far REX FANG & Innovation Equity Premium Income ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. REX FANG & Innovation Equity Premium Income ETF's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the FEPI expected move for this week's options, in real time.

The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For FEPI, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The FEPI expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks REX FANG & Innovation Equity Premium Income ETF is unlikely to go.

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses.

The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the FEPI expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The REX FANG & Innovation Equity Premium Income ETF expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about FEPI.