First Merchants Corp (FRME) Straddle

Trading a FRME straddle lets you take a pure volatility position on First Merchants Corp without committing to a direction. First Merchants Corp'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 FRME straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on FRME 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 Merchants Corp 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 FRME straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels.

First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

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