Zacks Investment ResearchT3·1mo ago
BAI iShares A.I. Innovation and Tech Active ETF
ETF 42.89 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
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.
BAI
$42.89
—
Key stats
$42.89
Pre-market
$41.99
-2.10%
- 52-Week Range
- $30.82 – $54.46
- YTD
- +26.82%
- IV Rank (30D)
- 100.0
- Straddle Price
- $0.00
- P/C Vol Ratio
- 0.17
- Open
- $43.00
- Day Range
- $42.34 – $43.14
- Volume
- 2,587,995
- Prev Close
- $42.10
About
iShares A.I. Innovation and Tech Active ETF (BAI) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2024-10-21
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.55% issuer, Oct 21, 2026
- Assets
- $13.0B issuer-reported, Oct 19, 2026
- Trailing yield
- 1.41% paid semi-annual
- Average daily volume
- $206M 30 sessions
- Holdings
- 54 top 10 are 42.0%
- Listed
- Oct 21, 2024 NYSE Arca
- Net asset value
- $42.04 issuer, Oct 20, 2026 · closed +0.03% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- -0.31% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +40.7% issuer, through Sep 30, 2026
- Distributions, 12 months
- $0.59 a share issuer, through Dec 16, 2025: 100% income
Cost50
Liquidity100
Scale93
Diversification64
Moves with. Value over growth (32% of its variance, beta -1.16); Emerging markets over US (28% of its variance, beta 1.03); US large-cap stocks (27% of its variance, beta 1.24); Small caps over large (4% of its variance, beta 0.61). These factors explain 87% of its daily moves over the last year.
Stated objective. The iShares A.I. Innovation and Tech Active ETF (the Fund) (formerly known as BlackRock Future A.I. and Tech ETF) seeks to maximize total return. (from the fund's prospectus)
All 54 holdingsFlow historySimilar fundsOverlap toolAll AI & Robotics ETFs
Fund flows
daily as of Oct 19, 2026issuer datathrough Jul 2026SEC filings- Oct 19, 2026
- −$14M latest day
- Latest 5 trading days
- +$92M
- Latest 21 trading days
- −$553M −4.3% of assets
- Year to date
- +$2.3B +$3.8B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 19, 2026 | −$14M |
| Oct 16, 2026 | +$61M |
| Oct 15, 2026 | −$17M |
| Oct 14, 2026 | +$53M |
| Oct 13, 2026 | +$9.2M |
| Oct 12, 2026 | +$7.5M |
| Oct 9, 2026 | −$13M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | −$9.9M |
| Oct 2, 2026 | −$7.8M |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | −$3.8M |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | −$114M |
| Sep 24, 2026 | −$528M |
| Sep 23, 2026 | +$5.7M |
| Sep 22, 2026 | +$13M |
| Sep 21, 2026 | +$5.6M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- +$642M latest reported month
- Latest 3 months
- −$28M −0.2% of assets
- Latest 12 months
- +$8.1B +62.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$642M |
| Jun 2026 | −$1.4B |
| May 2026 | +$748M |
| Apr 2026 | +$1.1B |
| Mar 2026 | +$744M |
| Feb 2026 | +$283M |
| Jan 2026 | +$299M |
| Dec 2025 | +$392M |
| Nov 2025 | +$762M |
| Oct 2025 | +$1.1B |
| Sep 2025 | +$3.3B |
| Aug 2025 | +$86M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 21 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| TEKiShares Technology Opportunities Active ETF | 63% | 0.75% | $40M | +18.1% | compare |
| GPTYYieldMax AI & Tech Portfolio Option Income ETF | 47% | 1.06% | $102M | −15.9% | compare |
| WTAIWisdomTree Artificial Intelligence and Innovation Fund | 45% | 0.45% | $669M | +28.6% | compare |
| TTEQT. Rowe Price Technology ETF | 44% | 0.63% | $368M | +25.4% | compare |
| TECHarbor Transformative Technologies ETF | 44% | 0.69% | $6.4M | +18.0% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Holdings vs fair value
- +3.6% 31% under, 33% over · 81% covered
- Price / earnings
- 46.6 15% loss-making · 70% covered
- Price / book · sales
- 9.6 · 7.9 revenue growth +21.4%
- Above 200-day average
- 65% 11% above 50-day · by weight
- Short interest
- 3.8% of float, weighted · 2.2 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 62% net selling
- 13F holders
- +4.0% change in shares held by institutions, latest quarter
- Reporting earnings
- 15.0% of weight in 7 days; 38.1% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.30%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Oct 16, 2026 → Oct 19, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | CBRSCEREBRAS SYSTEMS INC CLASS A | 0.29% | — | — |
| New position | ENTGENTEGRIS INC | — | 0.15% | — |
1 new, 1 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.1%. Full holdings and history
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 12 active of 38 with agreements; top 3 did 69%
- Created · redeemed
- $10.2B · $175M over the fiscal year
- Redemptions in kind
- 92% creations 90% in kind
- Creation unit
- 40,000 shares
- Securities lending
- 2.65% of assets on loan on average; earned 6.4 bp
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-20
Holdings
60
AUM
$13.3B
Provider
iShares (BlackRock)
Inception
2024-10-21
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.55%
Dividend Yield
1.38%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-16 | 2025-12-19 | $0.5933 | CD |
| 2025-06-16 | 2025-06-20 | $0.0045 | CD |
Asset Allocation
Top Holdings
top 50 of 60 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MU | MICRON TECHNOLOGY | 6.07% | Equity (US) | US |
| NVDA | NVIDIA | 5.64% | Equity (US) | US |
| AMD | ADVANCED MICRO DEVICES | 5.35% | Equity (US) | US |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING | 4.92% | Equity (Foreign) | TW |
| AVGO | BROADCOM INC | 4.45% | Equity (US) | US |
| LRCX | LAM RESEARCH | 3.79% | Equity (US) | US |
| SPCX | SPACE EXPLORATION TECHNOLOGIES COR | 3.42% | Equity (US) | US |
| SNOW | SNOWFLAKE | 3.07% | Equity (US) | US |
| MRVL | MARVELL TECHNOLOGY | 2.79% | Equity (US) | US |
| INTC | INTEL CORPORATION | 2.74% | Equity (US) | US |
| LITE | LUMENTUM HOLDINGS | 2.65% | Equity (US) | US |
| — | ELITE MATERIAL | 2.48% | Equity (Foreign) | TW |
| — | ASIA VITAL COMPONENTS | 2.46% | Equity (Foreign) | TW |
| MSFT | MICROSOFT | 2.43% | Equity (US) | US |
| GOOGL | ALPHABET CLASS A | 2.31% | Equity (US) | US |
| ANET | ARISTA NETWORKS | 2.23% | Equity (US) | US |
| AMZN | AMAZON.COM INC | 2.23% | Equity (US) | US |
| WDC | WESTERN DIGITAL CORP | 2.20% | Equity (US) | US |
| — | UNIMICRON TECHNOLOGY | 2.17% | Equity (Foreign) | TW |
| CRWD | CROWDSTRIKE HOLDINGS CLASS A | 2.13% | Equity (US) | US |
| SNDK | SANDISK | 2.10% | Equity (US) | US |
| — | ASE TECHNOLOGY HOLDING | 1.83% | Equity (Foreign) | TW |
| TSEM | TOWER SEMICONDUCTOR | 1.79% | Equity (Foreign) | IL |
| — | GLOBAL UNICHIP | 1.70% | Equity (Foreign) | TW |
| — | DELTA ELECTRONICS | 1.67% | Equity (Foreign) | TW |
| PANW | PALO ALTO NETWORKS | 1.62% | Equity (US) | US |
| CRDO | CREDO TECHNOLOGY GROUP HOLDING LTD | 1.59% | Equity (US) | US |
| MTSI | MACOM TECHNOLOGY SOLUTIONS | 1.42% | Equity (US) | US |
| CRWV | COREWEAVE CLASS A | 1.35% | Equity (US) | US |
| ANTHC | ANTHROPIC SERIES G PREF EQ Prvt | 1.31% | Equity (US) | US |
| — | SK HYNIX | 1.26% | Equity (Foreign) | KR |
| — | ACCTON TECHNOLOGY | 1.26% | Equity (Foreign) | TW |
| — | CHROMA ATE | 1.24% | Equity (Foreign) | TW |
| OKTA | OKTA CLASS A | 1.16% | Equity (US) | US |
| TSLA | TESLA INC | 1.10% | Equity (US) | US |
| FLEX | FLEX LTD | 1.08% | Equity (US) | US |
| LSCC | LATTICE SEMICONDUCTOR | 1.06% | Equity (US) | US |
| BE | BLOOM ENERGY CLASS A | 1.06% | Equity (US) | US |
| ESTC | ELASTIC | 0.96% | Equity (US) | US |
| SMCI | SUPER MICRO COMPUTER INC | 0.93% | Equity (US) | US |
| AAOI | APPLIED OPTOELECTRONICS | 0.93% | Equity (US) | US |
| TWLO | TWILIO CLASS A | 0.92% | Equity (US) | US |
| CLS | CELESTICA | 0.91% | Equity (Foreign) | CA |
| AKAM | AKAMAI TECHNOLOGIES INC | 0.87% | Equity (US) | US |
| ONTO | ONTO INNOVATION | 0.87% | Equity (US) | US |
| — | RESONAC HOLDINGS | 0.75% | Equity (Foreign) | JP |
| — | BLK CSH FND TREASURY SL AGENCY | 0.59% | Cash/Money Market | US |
| OPNAI | OPENAI SERIES C PREF EQ Prvt | 0.54% | Equity (US) | US |
| — | USD CASH | 0.26% | Cash/Money Market | US |
| ENTG | ENTEGRIS INC | 0.25% | Equity (US) | US |
Geographic Breakdown
Non-Equity Breakdown
iShares A.I. Innovation and Tech Active ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-25)
Net assets:
$12.96B
· 52 total positions
· equity 100.19%
· non-equity 3.52%
Non-equity holdings
— 1 positions,
3.52% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 3.52% | $456.7M | 1 |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 2.85% | 1.92% | 2.38% |
| Feb | -- | -8.00% | 0.98% | -3.51% |
| Mar | -- | -11.45% | -6.71% | -9.08% |
| Apr | -- | 1.85% | 26.62% | 14.24% |
| May | -- | 11.93% | 14.28% | 13.11% |
| Jun | -- | 9.53% | 3.45% | 6.49% |
| Jul | -- | 10.59% | -16.97% | -3.19% |
| Aug | -- | 3.45% | 3.11% | 3.28% |
| Sep | -- | 9.98% | 9.03% | 9.50% |
| Oct | -1.92% | 8.43% | -10.27%* | -1.25% |
| Nov | 7.38% | -7.30% | -- | 0.04% |
| Dec | 0.86% | -2.89% | -- | -1.02% |
| Total | 6.22% | 28.49% | 20.38% | 18.37% |
* Only 3 year(s) of data available.
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: $46.28
SMA 50: $45.36
SMA 200: $42.00
Current: $42.89
EMA 12: $44.38
EMA 26: $45.25
MACD: -0.8756 | Signal: -0.7288
BEARISH
ADX (14): 24.24
WEAK TREND
+DI: 17.68
−DI: 40.41
Momentum Oscillators
RSI (14): 39.65
NEUTRAL
Stoch %K: 14.51
Stoch %D: 11.64
Williams %R: -80.26
Volume & Volatility
BB Upper: $51.45
BB Lower: $41.10
NEUTRAL
OBV: 167,040,418
Vol SMA 20: 3,526,498
Vol ROC: -8.32%
ATR: $1.43
True Range: $1.04
HV 20: 35.2%
HV 30: 36.6%
HV 60: 42.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
BAI (iShares A.I. Innovation and Tech Active ETF) - Comprehensive Analysis
Executive Summary
Overall Assessment: BULLISH | Confidence Level: 7/10
BAI is an actively managed AI/tech ETF showing constructive technical momentum with mixed underlying fundamentals. The fund benefits from strong year-to-date flows (+$8.1B or 62.2% of assets over 12 months) and concentrated exposure to semiconductor and AI infrastructure leaders, but faces elevated valuation risk and concentrated positioning concerns.
Key Drivers:
- Bullish: MACD bullish crossover (1.06 vs signal 0.09), price above all major moving averages, strong long-term flows, favorable put/call ratio
- Risks: Extreme beta (2.57), extended valuation (weighted P/E 60.0), -9.6% discount to fair value, high volatility regime (HV60 43.9%), 80% of holdings above 200-day MA
Investment Thesis: BAI is capturing the AI/semiconductor cycle with quality holdings (SK Hynix, Micron, Broadcom, AMD), but current positioning reflects consensus bullish sentiment. The fund's 0.55% expense ratio and $14.8B in assets provide good liquidity, yet the concentrated top-10 exposure (47.3%) and premium IV environment (32.9% above realized volatility) suggest limited margin of safety on further upside moves.
Recent News Sentiment Impact: All three headlines are positive and AI-thematic (September curse avoidance, AI ETF 100% surge potential), supporting the bullish technicals. However, headlines from July and January are dated relative to current market conditions, suggesting this is not a recent catalyst-driven move.
Technical Analysis
Trend Direction
| Timeframe | Direction | Strength | Assessment | |-----------|-----------|----------|------------| | Short-term (1-4 weeks) | UPTREND | Strong | Price $48.19 > EMA12 $47.92 > EMA26 $46.86 > SMA20 $46.80; breakout above recent structure | | Medium-term (1-3 months) | UPTREND | Strong | Price well above SMA50 $45.40; clean higher highs pattern suggested by MA alignment | | Long-term (3-12 months) | UPTREND | Moderate | Price $48.19 > SMA200 $41.61 (+15.8% above long-term MA); strong recovery from lows |
MA Stack Quality: Perfect bullish alignment (price > EMA12 > EMA26 > SMA20 > SMA50 > SMA200) indicates institutional buying and trend continuation bias.
Support/Resistance Levels
| Level | Type | Distance | Rationale | |-------|------|----------|-----------| | $51.00 | Resistance (Upper BB) | +5.8% | Bollinger Band upper band; previous breakout target | | $48.19 | Current Price | — | Within neutral BB zone; room to run | | $46.80 | Support (SMA20/BB Mid) | -2.9% | Primary short-term support; 20-day MA acts as dynamic support | | $45.40 | Support (SMA50) | -5.8% | Intermediate support; holds long-term uptrend | | $42.60 | Support (BB Lower) | -11.6% | Bollinger Band lower band; significant support area | | $41.61 | Support (SMA200) | -13.6% | Long-term support; break would signal trend reversal |
Technical Interpretation: The fund is in a healthy consolidation between SMA20 and BB upper band. No immediate resistance until $51.00 (BB upper), and strong support backstop at $46.80-$45.40 zone suggests 2.9%-5.8% downside protection.
Momentum Signals
RSI (14): 57.23 — NEUTRAL
- Position: Mid-range (30-70 neutral zone); not yet overbought
- Implication: Room to accelerate higher without mean-reversion pressure
- Trend Confirmation: Supports continuation of uptrend; not extended
MACD: 1.06 (MACD line) / 0.09 (Signal line) / Histogram: 0.97 — BULLISH CROSSOVER
- Signal: MACD line well above signal line with +0.97 histogram
- Strength: Large separation indicates strong bullish momentum
- Timing: Active momentum phase; suggests follow-through buying likely
- Confidence: HIGH — This is the cleanest bullish signal in the data
Stochastic Oscillators:
- %K: 59.37 (neutral zone, 0-100 scale)
- %D: 74.55 (elevated, potential overbought signal in stochastic terms)
- Divergence Alert: %D at 74.55 vs %K at 59.37 suggests stochastic peaked but %K hasn't confirmed the high—potential momentum squeeze before breakout
Williams %R: -47.42 — NEUTRAL TO SLIGHTLY BULLISH
- Position: Mid-range (-50 to 0 is neutral-bullish); not in -100 (overbought) territory
- Implication: Room for momentum expansion
Bollinger Bands Position: NEUTRAL
- Current Price: $48.19 (between middle $46.80 and upper $51.00)
- Width: 17.94 (moderate volatility; not in squeeze)
- Signal: Not extended in either direction; neither mean-reversion nor breakout setup is imminent
- Interpretation: Band width of 17.94 on a $48 price = 37.2% band-to-price ratio—reflects elevated volatility but bands are not contracted
Volume Analysis
Volume Metrics:
- SMA 20 Daily Volume: 5.2M shares
- Volume Rate of Change: -29.36% (DECLINING)
- On-Balance Volume: 182.2M (positive cumulative volume)
Institutional Activity Assessment:
- CONCERN: The -29.36% volume ROC indicates volume is declining relative to the 20-day average
- Contradiction: Price is rising on lower volume—potential divergence signal
- Implication: Recent strength may lack institutional conviction; rally could be vulnerable to withdrawal
- OBV Context: Positive cumulative OBV (182.2M) historically confirms uptrend, but current deteriorating volume suggests momentum is fading
Data Quality Flag: Volume decline during uptrend is a classic weakness signal. This conflicts with the bullish MACD and price action—suggests rally may need volume confirmation to sustain.
News & Sentiment Analysis
Recent Headlines Summary
| Headline | Source | Date | Sentiment | Relevance | |----------|--------|------|-----------|-----------| | "Bet on These 3 AI ETFs to Beat the September Curse" | Zacks | 2026-09-02 | POSITIVE | Direct; fund positioning for seasonal strength | | "Want to Own SpaceX Stock? Here Are 3 Things..." | Motley Fool | 2026-07-06 | NEUTRAL | Not directly about BAI; generic advisory | | "3 AI ETFs Poised for 100% Surge as Tech Revolution..." | Motley Fool | 2026-01-15 | POSITIVE | Highly bullish but extremely dated (8+ months old) |
Sentiment Assessment: POSITIVE (Moderately Bullish)
- Aggregate: 2 of 3 headlines positive; 1 neutral
- Recency Issue: Only 1 recent headline (Sept 2); others are 2-8 months old
- Thematic Alignment: All headlines reinforce AI/tech bull thesis; no negative headlines present
- Conviction Level: MODERATE — Positive sentiment is present but not driven by fresh catalysts
Catalyst Identification
Immediate (1-7 days):
- None identified from headline data
- No company earnings catalyst (fund holdings report earnings, see below)
Near-term (1-4 weeks):
- Look-through Earnings: 5% of fund weight reports earnings within 7 days [as of 2026-07-31 filing]
- This is 2-5 months old data; actual upcoming catalysts likely differ
- Given top holdings (SK Hynix 6.2%, Micron 6.0%,
Generated
News
All BAI news →
The Motley FoolT3·3mo ago
The Motley FoolT3·9mo ago
BAI Options Activity & IV Rank
BAI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 74.0%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 169
Put Volume: 28
P/C Volume: 0.166
BULLISH
Call OI: 328
Put OI: 48
P/C OI: 0.146
Total OI: 376
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 611
Chain OI: 1,101
Last Updated: 10/21/2026
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.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 58th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
58%
vs own history
GEX tilt
+0.80
OI-weighted, today
Vanna tilt
+0.06
δ-sensitivity to IV
Charm tilt
-0.46
δ-decay vs time
Charm tilt -0.46: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 12 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow 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 sideWhich 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
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 43.1% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
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)100.0HighOct 21
Straddle Price (30 DTE)$0.00Oct 21
Beta Analysis
Risk Metrics
Beta: 2.6604
Alpha: -9.11%
Correlation: 0.7602
R-Squared: 57.8%
Stock Volatility: 44.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
BAI Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$917.33K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $917.33K | 100.00% | 2026-06-30 |
1 filers$890.97K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $890.97K | 100.00% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
579.10K
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
52.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
BAI Constituent Performance
Click any bar to view the full quote for that stock.
BAI Constituents (36 of 38)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| MU | MICRON TECHNOLOGY | 6.07% | $913.67 | +1.96% | -0.05% | -14.76% |
| NVDA | NVIDIA | 5.64% | $221.97 | +2.54% | +0.30% | -1.57% |
| AMD | ADVANCED MICRO DEVICES | 5.35% | $552.72 | +3.36% | -3.17% | -10.07% |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING | 4.92% | $431.89 | +1.60% | +0.44% | -3.29% |
| AVGO | BROADCOM INC | 4.45% | $337.8 | +1.03% | -2.44% | -4.84% |
| LRCX | LAM RESEARCH | 3.79% | $260.81 | -1.00% | -9.10% | -15.12% |
| SPCX | SPACE EXPLORATION TECHNOLOGIES COR | 3.42% | $159.31 | +7.79% | +4.70% | +7.38% |
| SNOW | SNOWFLAKE | 3.07% | $322.73 | +0.98% | -3.69% | -3.61% |
| MRVL | MARVELL TECHNOLOGY | 2.79% | $244.76 | +1.81% | -0.21% | -6.19% |
| INTC | INTEL CORPORATION | 2.74% | $92.96 | +1.39% | -5.26% | -24.18% |
| LITE | LUMENTUM HOLDINGS | 2.65% | $850.7 | +3.43% | -5.09% | -9.21% |
| MSFT | MICROSOFT | 2.43% | $532.95 | +0.20% | -0.14% | +6.46% |
| GOOGL | ALPHABET CLASS A | 2.31% | $334.76 | -1.62% | -3.70% | -0.91% |
| ANET | ARISTA NETWORKS | 2.23% | $184.33 | +1.73% | -5.67% | -9.41% |
| AMZN | AMAZON.COM INC | 2.23% | $262.37 | -0.10% | +3.26% | +5.26% |
| WDC | WESTERN DIGITAL CORP | 2.20% | $378.51 | +3.89% | +3.96% | -20.09% |
| CRWD | CROWDSTRIKE HOLDINGS CLASS A | 2.13% | $239.34 | +5.26% | -3.99% | -8.82% |
| SNDK | SANDISK | 2.10% | $1378.22 | +0.94% | -1.79% | -24.13% |
| TSEM | TOWER SEMICONDUCTOR | 1.79% | $189.55 | +3.14% | -9.38% | -17.77% |
| PANW | PALO ALTO NETWORKS | 1.62% | $347.25 | +2.05% | -7.41% | -11.71% |
| CRDO | CREDO TECHNOLOGY GROUP HOLDING LTD | 1.59% | $182.28 | +6.28% | +1.70% | -5.98% |
| MTSI | MACOM TECHNOLOGY SOLUTIONS | 1.42% | $273.05 | +3.85% | -6.27% | -1.01% |
| CRWV | COREWEAVE CLASS A | 1.35% | $61.82 | -0.50% | -6.02% | -28.86% |
| OKTA | OKTA CLASS A | 1.16% | $208.64 | +7.54% | -1.55% | +1.60% |
| TSLA | TESLA INC | 1.10% | $386.47 | +3.41% | +5.26% | +1.67% |
| FLEX | FLEX LTD | 1.08% | $86.25 | -1.42% | -14.05% | -23.20% |
| LSCC | LATTICE SEMICONDUCTOR | 1.06% | $107.79 | +0.35% | -6.27% | -11.40% |
| BE | BLOOM ENERGY CLASS A | 1.06% | $238.53 | +7.13% | -0.34% | -13.32% |
| ESTC | ELASTIC | 0.96% | $98.81 | +3.33% | +7.33% | +8.25% |
| SMCI | SUPER MICRO COMPUTER INC | 0.93% | $35.57 | +9.55% | -0.59% | -14.17% |
| AAOI | APPLIED OPTOELECTRONICS | 0.93% | $77.32 | +0.76% | -10.32% | -23.49% |
| TWLO | TWILIO CLASS A | 0.92% | $266.68 | +3.09% | -1.64% | -8.26% |
| CLS | CELESTICA | 0.91% | $304.61 | +1.64% | -5.79% | -15.82% |
| AKAM | AKAMAI TECHNOLOGIES INC | 0.87% | $90.27 | +0.71% | -1.57% | -23.78% |
| ONTO | ONTO INNOVATION | 0.87% | $222.14 | +1.15% | -7.98% | -21.31% |
| ENTG | ENTEGRIS INC | 0.25% | $147.69 | +3.35% | -3.52% | -2.15% |