Fidelity Real Estate Investment ETF (FPRO) Straddle

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

A long straddle on FPRO 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 Real Estate Investment 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 FPRO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Seeks above-average income and long-term capital growth consistent with reasonable investment risk, and offers exposure to key real estate themes.

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