What are the FID aggregate Greek exposures?

As of Jun 29, 2026, First Trust S&P International Dividend Aristocrats ETF (FID) snapshot Greeks are net delta -$5.1K, net gamma $192, net vega -$4. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.

What does the FID net dealer delta tell us?

Net dealer delta of -$5.1K represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.

How do FID Greeks inform hedging?

Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.

First Trust S&P International Dividend Aristocrats ETF (FID) Options Greeks

Options Greeks measure sensitivity to various factors: Delta (price), Gamma (delta change), Theta (time decay), and Vega (volatility). They are essential for risk management and position sizing.

First Trust S&P International Dividend Aristocrats ETF (FID) operates in the Financial Services sector, specifically the Asset Management - Income industry, with a market capitalization near $165.6M, listed on NASDAQ, carrying a beta of 0.73 to the broader market. The First Trust S&P International Dividend Aristocrats ETF (FID), formerly known as the International Multi-Asset Diversified Income Index Fund, is designed to replicate the price and yield performance of the S&P International Dividend Aristocrats Index. public since 2013-08-23.

Snapshot as of Jun 29, 2026.

Spot Price: $21.48
Net Gamma: $192
Net Delta: -$5.1K
Net Vega: -$4
ATM IV: 44.0%
Gamma Concentration: 1.00

As of Jun 29, 2026, First Trust S&P International Dividend Aristocrats ETF (FID) aggregate Greeks are net delta -$5.1K, net gamma $192, net vega -$4, ATM IV 44.0%. Gamma concentration is 1.00: dealer gamma is tightly clustered at a few strikes, which tends to pin price. Delta measures directional exposure, gamma measures the rate of delta change, and vega measures sensitivity to implied volatility. Net aggregate Greeks summarize the total dealer book across all strikes and expirations.

How FID options greeks Data Feeds Strategy Selection

Strategy selection on First Trust S&P International Dividend Aristocrats ETF options does not derive from any single metric in isolation. The options greeks view above sits inside a broader read: ATM IV currently sits at 44.0% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options greeks data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the FID Greeks profile

The chart above shows per-strike dealer-Greek exposures aggregated across calls and puts for the front expiration. Current net dealer gamma is $192 - a positive (mean-reverting) hedging regime. Net dealer delta of -$5.1K indicates short-delta dealer book - dealers are net short the underlying. Net vega of -$4 measures dealer P&L sensitivity to IV shifts - a 1-point IV move shifts book value by approximately $4.

FID Greeks regime and dealer hedging

Aggregate dealer Greeks compress 4 sensitivities (delta, gamma, theta, vega) into a single read on hedging behavior. In the current positive-gamma regime, dealer hedging is structurally mean-reverting: as FID moves higher, dealers sell into rallies; as it moves lower, dealers buy into dips. This is the mechanical basis for the "pin to max pain" pattern. Gamma decays as expiration approaches; near-dated Greek exposures dominate the hedging flow.

Using FID Greeks data for strategy selection

The Greeks profile is the input to most quantitative options strategies. Premium-selling structures (covered calls, iron condors, cash-secured puts) are negative-gamma, positive-theta, negative-vega - they pay you for being patient about realized volatility but get hit when realized exceeds implied. Premium-buying structures (long calls, long puts, long straddles, ratio backspreads) are positive-gamma, negative-theta, positive-vega - they pay you when realized exceeds implied but bleed time decay otherwise. With FID IV rank at 11.8%, premium-buying has structural tailwind from cheap implied; pair with a directional thesis or event catalyst. Combine the regime read with the Greeks decomposition on this page to size structures correctly.

Learn how options Greeks is reported and how to read the data →

Frequently asked FID options greeks questions

What are the FID aggregate Greek exposures?: As of Jun 29, 2026, First Trust S&P International Dividend Aristocrats ETF (FID) snapshot Greeks are net delta -$5.1K, net gamma $192, net vega -$4. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.
What does the FID net dealer delta tell us?: Net dealer delta of -$5.1K represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.
How do FID Greeks inform hedging?: Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.