How are FRHC straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the FRHC straddle priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 45.70%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,620.57 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a FRHC straddle?

The breakeven for the FRHC straddle priced on this page is roughly $128.70 and $161.30 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The FRHC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.10%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current FRHC implied volatility affect this straddle?

FRHC ATM IV is at 45.70% with IV rank near 35.82%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

FRHC Straddle Strategy

FRHC (Freedom Holding Corp.), in the Financial Services sector, (Financial - Capital Markets industry), listed on NASDAQ.

Freedom Holding Corp. operates as a diverse financial services organization, offering a broad spectrum of services through its network of subsidiaries. The company specializes in retail and corporate financial solutions, encompassing brokerage, investment analysis, advisory services, securities trading, and market making. It also extends into retail banking, corporate investment banking, and underwriting. For individual and institutional investors, the firm provides access to an extensive range of financial instruments, including equities and debt securities traded on exchanges and over-the-counter, money market products, exchange-traded options and futures, government bonds, and mutual funds. Complementing these offerings, it facilitates margin lending secured by client assets, delivers educational courses for investors, and conducts detailed investment research. The company's commercial banking operations furnish essential services such as payment cards, digital mortgage processing, and digital auto loans.

FRHC (Freedom Holding Corp.) trades in the Financial Services sector, specifically Financial - Capital Markets, with a market capitalization of approximately $9.28B, a trailing P/E of 53.63, a beta of 0.67 versus the broader market, a 52-week range of 107.975-181.999, average daily share volume of 141K, a public-listing history dating back to 2018, approximately 12K full-time employees. These structural characteristics shape how FRHC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.67 indicates FRHC has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 53.63 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. FRHC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a straddle on FRHC?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

FRHC snapshot

As of August 14, 2026, spot at $147.31, ATM IV 45.70%, IV rank 35.82%, expected move 13.10%. The straddle on FRHC below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this straddle structure on FRHC specifically: FRHC IV at 45.70% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 13.10% (roughly $19.30 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated FRHC expiries trade a higher absolute premium for lower per-day decay. Position sizing on FRHC should anchor to the underlying notional of $147.31 per share and to the trader's directional view on FRHC stock.

FRHC straddle setup

The FRHC straddle below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With FRHC at $147.31 on that close, the first option leg uses a $145.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FRHC chain at a 35-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 FRHC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$145.00	$8.80
Buy 1	Put	$145.00	$7.50

FRHC straddle risk and reward

Net Premium / Debit: -$1,630.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,620.57
Breakeven(s): $128.70, $161.30
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

FRHC straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on FRHC. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$12,869.00
$32.58	-77.9%	+$9,612.01
$65.15	-55.8%	+$6,355.01
$97.72	-33.7%	+$3,098.02
$130.29	-11.6%	-$158.98
$162.86	+10.6%	+$155.97
$195.43	+32.7%	+$3,412.97
$228.00	+54.8%	+$6,669.96
$260.57	+76.9%	+$9,926.96
$293.14	+99.0%	+$13,183.95

When traders use straddle on FRHC

Straddles on FRHC are pure-volatility plays that profit from large moves in either direction; traders typically buy FRHC straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

FRHC thesis for this straddle

The market-implied 1-standard-deviation range for FRHC extends from approximately $128.01 on the downside to $166.61 on the upside. A FRHC long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current FRHC IV rank near 35.82% is mid-range against its 1-year distribution, so the IV signal is neutral; the straddle thesis on FRHC should anchor more to the directional view and the expected-move geometry. As a Financial Services name, FRHC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FRHC-specific events.

FRHC straddle positions are structurally neutral / high-volatility (long premium); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. FRHC positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FRHC alongside the broader basket even when FRHC-specific fundamentals are unchanged. Always rebuild the position from current FRHC chain quotes before placing a trade.

Frequently asked questions

What is a straddle on FRHC?: A straddle on FRHC is the straddle strategy applied to FRHC (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With FRHC stock at $147.31 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed FRHC chain strike and the premiums come straight from that session's bid/ask midpoint.
How are FRHC straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the FRHC straddle priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 45.70%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,620.57 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a FRHC straddle?: The breakeven for the FRHC straddle priced on this page is roughly $128.70 and $161.30 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The FRHC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.10%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on FRHC?: Straddles on FRHC are pure-volatility plays that profit from large moves in either direction; traders typically buy FRHC straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current FRHC implied volatility affect this straddle?: FRHC ATM IV is at 45.70% with IV rank near 35.82%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.