Trading a FR straddle lets you take a pure volatility position on First Industrial Realty Trust Inc without committing to a direction. First Industrial Realty Trust Inc'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 FR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FR 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 Industrial Realty Trust Inc 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 FR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FR straddle is the cleanest expression of that view. Our scanner prices every FR 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 FR straddle into a catalyst or short a FR straddle to harvest decay, the options straddle setups that matter are all in one place.
