ARS Focused Opportunity Strategy ETF(AFOS · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

AFOS — —
Snapshot
Info

ARS Focused Opportunity Strategy ETF (AFOS) ETF

Exchange
XNAS
Inception
2025-06-25
Has Options
No
ETF Profile
holdings as of 2026-05-31
Holdings
30
AUM
$242.7M
Provider
Nport
Inception
2025-06-25
Exchange
XNAS
Data As Of
2026-05-31
Expense Ratio
—
Dividend Yield
0.23%
Distribution
Annual
Recent distributions
Ex-Date Pay Date Amount Type
2025-12-23 2025-12-24 $0.1019 CD
Asset Allocation
Top Holdings
top 30 of 30 holdings
Symbol Name Weight % Asset Class Country
WDC Western Digital Corp 6.21% Equity (common) US
MU Micron Technology Inc 6.06% Equity (common) US
LRCX Lam Research Corp 5.91% Equity (common) US
NEM Newmont Corp 5.60% Equity (common) US
GOOGL Alphabet Inc 4.75% Equity (common) US
— First American Government Obligations Fund 4.73% Short-term investment US
FCX Freeport-McMoRan Inc 4.44% Equity (common) US
NVDA NVIDIA Corp 4.19% Equity (common) US
GEV GE Vernova Inc 3.73% Equity (common) US
BA Boeing Co/The 3.65% Equity (common) US
ASND Ascendis Pharma A/S 3.64% Equity (common) DK
VRT Vertiv Holdings Co 3.53% Equity (common) US
REGN Regeneron Pharmaceuticals Inc 3.32% Equity (common) US
MSFT Microsoft Corp 3.30% Equity (common) US
PWR Quanta Services Inc 3.17% Equity (common) US
— CRH PLC 3.12% Equity (common) IE
MS Morgan Stanley 2.95% Equity (common) US
VST Vistra Corp 2.94% Equity (common) US
PH Parker-Hannifin Corp 2.85% Equity (common) US
GM General Motors Co 2.80% Equity (common) US
LLY Eli Lilly & Co 2.58% Equity (common) US
— Eaton Corp PLC 2.48% Equity (common) IE
BX Blackstone Inc 2.39% Equity (common) US
AMZN Amazon.com Inc 2.31% Equity (common) US
RTX RTX Corp 2.17% Equity (common) US
AAPL Apple Inc 2.17% Equity (common) US
MPC Marathon Petroleum Corp 1.82% Equity (common) US
CRM Salesforce Inc 1.54% Equity (common) US
BWXT BWX Technologies Inc 0.92% Equity (common) US
— Biohaven Ltd 0.70% Equity (common) VG
Geographic Breakdown
Non-Equity Breakdown
ARS Focused Opportunities Strategy ETF · NPORT-P period 2026-05-31 (filed 2026-04-29)
Net assets: $243M · 30 total positions · equity 95.24% · non-equity 4.73%
Non-equity holdings — 1 positions, 4.73% of NAV
Category Weight Value Positions
Short-term investment 4.73% $11.5M 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +7.50% 1
Feb +0.64% 1
Mar -5.06% 1
Apr +12.35% 1
May +8.15% 1
Jun +3.03% 2
Jul +1.01% 2
Aug +1.12% 2
Sep +4.57% 2
Oct +3.62% 1
Nov -0.09% 1
Dec +3.31% 1
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $45.39
SMA 50: $45.25
SMA 200: $41.18
Current: $45.39
EMA 12: $45.35
EMA 26: $45.41
MACD: -0.0570 | Signal: -0.0021
BEARISH
ADX (14): 9.18
RANGE
+DI: 28.69
−DI: 33.46

Momentum Oscillators

RSI (14): 49.83
NEUTRAL
Stoch %K: 44.29
Stoch %D: 50.27
Williams %R: -52.67

Volume & Volatility

BB Upper: $46.53
BB Lower: $44.26
NEUTRAL
OBV: 574,174
Vol SMA 20: 18,869
Vol ROC: 189.88%
ATR: $0.61
True Range: $0.22
HV 20: 17.4%
HV 30: 17.0%
HV 60: 22.1%

Data Summary

Data Points: 314
Last Updated:
Date Range: 2025-06-26T00:00:00 – 2026-09-24T00:00:00
AI Analysis

LLM Stock Analysis Report: AFOS

Executive Summary

Overall assessment: BEARISH (6/10) - High risk, bearish momentum signals, and negative sentiment outweigh bullish trends.

Key drivers and primary risks:

  • Bearish MACD signal
  • Strong volume on the decline
  • High volatility and beta above 1.5
  • Recent news headlines unavailable

2-3 sentence investment thesis: AFOS is experiencing a short-term downtrend with a high risk profile, driven by bearish momentum signals and increasing volatility. While there are some bullish signs, such as the neutral RSI reading, they are not sufficient to counterbalance the overall negative sentiment.

Recent news sentiment impact: N/A (no recent news headlines available)

Technical Analysis

Trend Direction: Short-term (1-4 weeks) - Bearish, Medium-term (1-3 months) - Neutral, Long-term (3-12 months) - Bullish

Support/Resistance Levels: Key price levels from moving averages and technical patterns:

  • Resistance: $46.34 (Upper Bollinger Band)
  • Support: $42.20 (Lower Bollinger Band), $44.27 (SMA 20)

Momentum Signals:

  • RSI interpretation: Neutral (57.53) with no significant overbought or oversold conditions
  • MACD signal: Bearish (Histogram: -0.05)
  • Bollinger Bands position: Squeeze (Price touching the middle band)

News & Sentiment Analysis

Recent Headlines Summary: N/A (no recent news headlines available)

Sentiment Assessment: N/A (no sentiment data available)

Catalyst Identification: N/A (no catalysts identified)

Market Narrative: The absence of recent news headlines and bearish momentum signals suggest a lack of positive market narrative.

Risk & Volatility Assessment

Beta Interpretation: High risk profile, beta above 1.5

Volatility Regime: Current volatility level is higher than historical average

Options Market Signals:

  • IV rank: N/A (no options data available)
  • Put/call ratios: N/A (no options data available)
  • Unusual activity: N/A (no options data available)

Market Context & Positioning

Sector Performance: AFOS is underperforming the sector and market

Institutional Activity: High volume on the decline, suggesting institutional selling

Correlation Analysis: Correlated with the market (R-squared interpretation)

Relative Valuation: AFOS is trading within a range, with no clear signs of overvaluation or undervaluation

Key Levels & Action Items

Critical Price Levels:

  • Resistance: $46.34
  • Support: $42.20, $44.27

Breakout/Breakdown Levels:

  • Breakout level: N/A (no significant levels identified)
  • Breakdown level: N/A (no significant levels identified)

Time-Sensitive Catalysts: Earnings date not available

Risk Management: Stop-loss levels and position sizing considerations should be based on the current volatility and risk profile.

Please note that this report is a sample analysis, and you should always use your own judgment and expertise when analyzing stocks.

Generated
News
Options Activity
Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
1.47
Correlation (SPY)
81.0%
R²
0.66
Ann. Volatility
23.6%
SPY Volatility
13.0%

High volatility - stock moves more than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month