Trading a TDIV straddle lets you take a pure volatility position on First Trust Nasdaq Tech Dividend without committing to a direction. First Trust Nasdaq Tech Dividend'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 TDIV straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on TDIV 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 Nasdaq Tech Dividend 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 TDIV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The First Trust NASDAQ Technology Dividend Index Fund is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Technology Dividend Index (the "Index").
Earnings, product cycles, macro prints — any time volatility itself is the trade, the TDIV straddle is the cleanest expression of that view. Our scanner prices every TDIV 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 TDIV straddle into a catalyst or short a TDIV straddle to harvest decay, the options straddle setups that matter are all in one place.
