Fidelity Small-Mid Multifactor ETF (FSMD) Straddle

Trading a FSMD straddle lets you take a pure volatility position on Fidelity Small-Mid Multifactor ETF without committing to a direction. Fidelity Small-Mid Multifactor 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 FSMD straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on FSMD 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 Small-Mid Multifactor 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 FSMD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Targets stocks of small- and mid-capitalization US companies with attractive valuations, high-quality profiles, positive momentum signals, and lower volatility than the broader market

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