FOTO - Tuttle Capital Pure Play Photonics ETF
The Fund seeks long-term capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and swaps referencing companies whose primary business operations are directly related to photonics.
As of Jul 16, 2026: spot at $18.99, ATM IV 63.4%, max pain $23.00, net GEX -$13.4K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $157.3M
- Beta
- 0.00
- 52-Week Range
- 19.2-27.86
- IPO Date
- May 29, 2026
- Exchange
- CBOE
What FOTO Looks Like to Options Traders Today
negative net gamma exposure (-$13.4K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (-0.158) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The FOTO overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked FOTO overview questions
- What is FOTO?
- FOTO is the ticker symbol for Tuttle Capital Pure Play Photonics ETF, an listed exchange-traded fund. The Fund seeks long-term capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and swaps referencing companies whose primary business operations are directly related to photonics. Listed on CBOE. FOTO is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the FOTO options snapshot look like today?
- As of Jul 16, 2026, the FOTO options snapshot shows spot at $18.99, ATM IV 63.4%, max pain $23.00, net GEX -$13.4K, expected move 18.18%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are FOTO's key statistics?
- Tuttle Capital Pure Play Photonics ETF (FOTO) carries a market capitalization of $157.3M, 52-week range of 19.2-27.86. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does FOTO belong to?
- Tuttle Capital Pure Play Photonics ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare FOTO's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the FOTO data on this page?
- The options snapshot above is dated Jul 16, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.