First Trust Enhanced Short Maturity ETF (FTSM) Straddle

Trading a FTSM straddle lets you take a pure volatility position on First Trust Enhanced Short Maturity ETF without committing to a direction. First Trust Enhanced Short Maturity 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 FTSM straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on FTSM 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 Trust Enhanced Short Maturity 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 FTSM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The First Trust Enhanced Short Maturity ETF is an actively managed exchange-traded fund. The fund's investment objective is to seek current income, consistent with preservation of capital and daily liquidity.

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