First Trust Long/Short Equity ETF
First Trust Long/Short Equity ETF (FTLS) Implied Volatility Current
FTLS's 30 day implied volatility is 14.12%, with an IV Rank of 48.61%. This is an average IV Rank versus the past year, meaning First Trust Long/Short Equity ETF options are fairly priced and currently offer no clear edge to buyers or sellers. FTLS's 30 day historical volatility sits at 12.12%, which means implied volatility is running 2.00 points above historical volatility, as of Nov 13, 2026.
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Tracking FTLS implied volatility helps you spot when First Trust Long/Short Equity ETF options are historically cheap or expensive, and where the best trades are hiding. When FTLS IV rises, premiums increase and sellers get more attractive pricing, and when it drops, buyers find cheaper contracts. Use our scanner to monitor FTLS implied volatility current levels in real time and filter for high probability trades.
Implied volatility is derived from option prices and represents the annualized expected move of a stock. Tracking FTLS IV rank helps you see whether FTLS's implied volatility is historically high or low, since IV rank compares today's reading against the past year's range. A high rank signals relatively expensive premiums and tends to favor sellers, a low rank signals relatively cheap premiums and tends to favor buyers.
The Fund's investment objective is to seek to provide investors with long term total return. The Fund intends to pursue its investment objective by establishing long and short positions in a portfolio of Equity Securities.
Implied Volatility
IV is slightly elevated. Premiums are richer, leaning toward sellers.
As of Nov 13, 2026
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