FTHM Straddle Strategy
FTHM (Fathom Holdings Inc.), in the Real Estate sector, (Real Estate - Services industry), listed on NASDAQ.
Fathom Holdings Inc., established in 2010 and based in Cary, North Carolina, delivers cloud-powered real estate brokerage services across the Southern, Atlantic, Southwestern, and Western regions of the United States. The company operates through three core divisions: Real Estate Brokerage, which manages property transactions; Mortgage, focused on originating and underwriting residential loans; and Technology, providing Software-as-a-Service (SaaS) and data mining capabilities to external customers, while also developing its intelliAgent platform for internal real estate agents. Fathom offers an integrated real estate services platform, seamlessly combining residential brokerage, mortgage, title, and insurance offerings, all underpinned by its proprietary intelliAgent software. Its FathomRealty.com website serves as a central hub, connecting buyers, sellers, landlords, and tenants with a diverse range of properties available for purchase or rent. The robust intelliAgent technology platform provides a comprehensive toolkit for brokerages and agents, encompassing advanced technology solutions, efficient business processes, data analytics, reporting, training modules, customer relationship management (CRM) features, extensive social media and general marketing tools, a marketing resource library, and a marketplace for add-on services and third-party technologies. The company’s brand ecosystem comprises Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, Verus Title, and Cornerstone.
FTHM (Fathom Holdings Inc.) trades in the Real Estate sector, specifically Real Estate - Services, with a market capitalization of approximately $23.1M, a beta of 2.19 versus the broader market, a 52-week range of 0.4-3.37, average daily share volume of 1.7M, a public-listing history dating back to 2020, approximately 281 full-time employees. These structural characteristics shape how FTHM stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.19 indicates FTHM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a straddle on FTHM?
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.
FTHM snapshot
As of August 14, 2026, spot at $0.76, ATM IV 17.50%, IV rank 0.00%, expected move 5.02%. The straddle on FTHM below is built from the 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 FTHM specifically: FTHM IV at 17.50% is on the cheap side of its 1-year range, which favors premium-buying structures like a FTHM straddle, with a market-implied 1-standard-deviation move of approximately 5.02% (roughly $0.04 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 FTHM expiries trade a higher absolute premium for lower per-day decay. Position sizing on FTHM should anchor to the underlying notional of $0.76 per share and to the trader's directional view on FTHM stock.
FTHM straddle setup
The FTHM straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With FTHM at $0.76 on that close, the first option leg uses a $0.76 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FTHM 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 FTHM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $0.76 | N/A |
| Buy 1 | Put | $0.76 | N/A |
FTHM straddle risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
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.
FTHM straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle on FTHM. 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.
When traders use straddle on FTHM
Straddles on FTHM are pure-volatility plays that profit from large moves in either direction; traders typically buy FTHM straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
FTHM thesis for this straddle
The market-implied 1-standard-deviation range for FTHM extends from approximately $0.72 on the downside to $0.80 on the upside. A FTHM 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 FTHM IV rank near 0.00% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on FTHM at 17.50%. As a Real Estate name, FTHM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FTHM-specific events.
FTHM 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. FTHM positions also carry Real Estate sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FTHM alongside the broader basket even when FTHM-specific fundamentals are unchanged. Always rebuild the position from current FTHM chain quotes before placing a trade.
Frequently asked questions
- What is a straddle on FTHM?
- A straddle on FTHM is the straddle strategy applied to FTHM (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 FTHM stock at $0.76 on the most recent close, the strikes shown on this page are snapped to the nearest listed FTHM chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are FTHM 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 FTHM straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 17.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a FTHM straddle?
- The breakeven for the FTHM straddle priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 FTHM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 5.02%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on FTHM?
- Straddles on FTHM are pure-volatility plays that profit from large moves in either direction; traders typically buy FTHM 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 FTHM implied volatility affect this straddle?
- FTHM ATM IV is at 17.50% with IV rank near 0.00%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.