Seeking AlphaT3·29mo ago
BBUS JPMorgan BetaBuilders U.S. Equity ETF
ETF 139.51 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.
BBUS
$139.51
—
Key stats
$139.51
- 52-Week Range
- $113.43 – $141.25
- YTD
- +12.93%
- IV Rank (30D)
- 12.28
- Straddle Price
- $4.17
- P/C Vol Ratio
- 0.00
- Open
- $139.06
- Day Range
- $138.66 – $139.71
- Volume
- 132,369
- Prev Close
- $138.68
About
JPMorgan BetaBuilders U.S. Equity ETF (BBUS) ETF
No description available.
- Exchange
- BATS
- Inception
- 2019-03-12
- Has Options
- Yes
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.02% issuer, Oct 21, 2026
- Assets
- $9.6B issuer-reported, Oct 20, 2026
- Trailing yield
- 0.99% paid quarterly
- Average daily volume
- $35M 30 sessions
- Holdings
- 474 top 10 are 37.9%
- Listed
- Mar 12, 2019 Cboe BZX
- Net asset value
- $138.60 issuer, Oct 20, 2026 · closed +0.05% to NAV
- 30-day SEC yield
- 1.03% issuer, Oct 19, 2026
- Return on NAV, 1 year
- +15.2% issuer, through Sep 30, 2026 · 3 years +22.8% a year · 5 years +13.3%
- Distributions, 12 months
- $1.37 a share issuer, through Sep 22, 2026: 100% income
- Tracking difference
- -0.03 pts vs index, after fees, FY 2025
Cost99
Liquidity85
Scale100
Diversification74
Moves with. US large-cap stocks (97% of its variance, beta 0.98). These factors explain 99% of its daily moves over the last year.
Stated objective. The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Morningstar US Target Market Exposure Index SM . (from the fund's prospectus)
All 474 holdingsFlow historySimilar fundsOverlap toolAll Total Market ETFs
Fund flows
daily as of Oct 19, 2026issuer datathrough Jul 2026SEC filings- Oct 19, 2026
- +$21M latest day
- Latest 5 trading days
- +$28M
- Year to date
- +$42M
Each day
| Day | Net flow |
|---|---|
| Oct 19, 2026 | +$21M |
| Oct 16, 2026 | +$6.9M |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | +$14M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- +$358M latest reported month
- Latest 3 months
- +$743M +8.4% of assets
- Latest 12 months
- +$2.6B +29.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$358M |
| Jun 2026 | +$263M |
| May 2026 | +$122M |
| Apr 2026 | +$131M |
| Mar 2026 | +$132M |
| Feb 2026 | +$181M |
| Jan 2026 | +$250M |
| Dec 2025 | +$210M |
| Nov 2025 | +$372M |
| Oct 2025 | +$357M |
| Sep 2025 | +$155M |
| Aug 2025 | +$63M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| USPXFranklin U.S. Equity Index ETF | 99% | 0.03% | $2.1B | +14.9% | compare |
| VOTETCW Transform 500 ETF | 98% | 0.05% | $1.0B | +15.8% | compare |
| PBUSInvesco MSCI USA ETF | 97% | 0.04% | $10.7B | +15.4% | compare |
| MLRGiShares MSCI USA ETF | 97% | 0.03% | $1.3B | — | compare |
| GXLCGlobal X U.S. 500 ETF | 97% | 0.02% | $4.6M | +16.2% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +2.2% 26% under, 21% over · 100% covered
- Price / earnings
- 25.8 2% loss-making · 99% covered
- Price / book · sales
- 5.2 · 3.6 revenue growth +14.2%
- Above 200-day average
- 69% 55% above 50-day · by weight
- Short interest
- 2.0% of float, weighted · 2.9 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 69% net selling
- 13F holders
- +2.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 32.0% of weight in 7 days; 64.4% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.87%
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
Apr 30, 2026 → Jul 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SNDKSandisk Corp. | — | 0.26% | — |
| Decrease | HONHoneywell International, Inc. | 0.22% | 0.12% | −50.0% |
| New position | LITELumentum Holdings, Inc. | — | 0.09% | — |
| New position | CIENCiena Corp. | — | 0.08% | — |
| New position | COHRCoherent Corp. | — | 0.07% | — |
| New position | Carnival Corp. Ltd. | — | 0.06% | — |
| New position | JBLJabil, Inc. | — | 0.05% | — |
| Exit | CCLCarnival Corp. | 0.05% | — | — |
| New position | SUNBSunbelt Rentals Holdings, Inc. | — | 0.05% | — |
| Exit | CTRACoterra Energy, Inc. | 0.04% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.6%. Full holdings and history
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 5 active of 22 with agreements; top 3 did 91%
- Created · redeemed
- $1.4B · $203M over the fiscal year
- Redemptions in kind
- 99% creations 99% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.04% of assets on loan on average; earned 0.0 bp
- Return vs index
- -0.03 pts after fees; +0.00 before; daily s.d. 0.00
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 2026-10-21
Holdings
474
AUM
$9.6B
Provider
JPMorgan
Inception
2019-03-12
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.02%
Dividend Yield
0.98%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-22 | 2026-09-24 | $0.3515 | CD |
| 2026-06-23 | 2026-06-25 | $0.3427 | CD |
| 2026-03-24 | 2026-03-26 | $0.2883 | CD |
| 2025-12-23 | 2025-12-26 | $0.3903 | CD |
| 2025-09-23 | 2025-09-25 | $0.3438 | CD |
| 2025-06-24 | 2025-06-26 | $0.3127 | CD |
Asset Allocation
Top Holdings
top 50 of 474 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA CORP COMMON STOCK | 7.70% | Equity (US) | US |
| AAPL | APPLE INC COMMON STOCK | 7.48% | Equity (US) | US |
| MSFT | MICROSOFT CORP COMMON | 5.90% | Equity (US) | US |
| AMZN | AMAZON.COM INC COMMON | 3.86% | Equity (US) | US |
| GOOGL | ALPHABET INC-CL A - | 2.92% | Equity (US) | US |
| AVGO | BROADCOM INC COMMON | 2.35% | Equity (US) | US |
| GOOG | ALPHABET INC-CL C - | 2.35% | Equity (US) | US |
| META | META PLATFORMS INC | 2.29% | Equity (US) | US |
| TSLA | TESLA INC COMMON STOCK | 1.63% | Equity (US) | US |
| MU | MICRON TECHNOLOGY INC | 1.54% | Equity (US) | US |
| LLY | ELI LILLY AND COMPANY | 1.51% | Equity (US) | US |
| BRK.B | BERKSHIRE HATHAWAY INC | 1.48% | Equity (US) | US |
| AMD | ADVANCED MICRO DEVICES | 1.34% | Equity (US) | US |
| JPM | JPMORGAN CHASE & CO | 1.33% | Equity (US) | US |
| XOM | EXXONMOBIL HOLDINGS CORP | 1.09% | Equity (US) | US |
| V | VISA INC COMMON STOCK | 1.04% | Equity (US) | US |
| JNJ | JOHNSON & COMMON | 0.93% | Equity (US) | US |
| WMT | WALMART INC COMMON STOCK | 0.77% | Equity (US) | US |
| ABBV | ABBVIE INC COMMON STOCK | 0.75% | Equity (US) | US |
| MA | MASTERCARD INC COMMON | 0.75% | Equity (US) | US |
| PLTR | PALANTIR TECHNOLOGIES | 0.67% | Equity (US) | US |
| COST | COSTCO WHOLESALE CORP | 0.66% | Equity (US) | US |
| INTC | INTEL CORP COMMON STOCK | 0.64% | Equity (US) | US |
| CVX | CHEVRON CORP COMMON | 0.63% | Equity (US) | US |
| CSCO | CISCO SYSTEMS INC COMMON | 0.63% | Equity (US) | US |
| — | JPMORGAN U.S. GOVERNMENT | 0.60% | Cash/Money Market | US |
| UNH | UNITEDHEALTH GROUP INC | 0.56% | Equity (US) | US |
| MRK | MERCK & CO INC COMMON | 0.55% | Equity (US) | US |
| PG | THE PROCTER & GAMBLE | 0.54% | Equity (US) | US |
| KO | THE COCA-COLA COMPANY | 0.54% | Equity (US) | US |
| CAT | CATERPILLAR INC COMMON | 0.51% | Equity (US) | US |
| BAC | BANK OF AMERICA CORP | 0.49% | Equity (US) | US |
| LRCX | LAM RESEARCH CORP COMMON | 0.49% | Equity (US) | US |
| AMAT | APPLIED MATERIALS INC | 0.48% | Equity (US) | US |
| SPCX | SPACE EXPLORATION | 0.47% | Equity (US) | US |
| HD | HOME DEPOT INC/THE | 0.47% | Equity (US) | US |
| PM | PHILIP MORRIS | 0.46% | Equity (US) | US |
| GE | GENERAL ELECTRIC CO | 0.46% | Equity (US) | US |
| PANW | PALO ALTO NETWORKS INC | 0.42% | Equity (US) | US |
| NFLX | NETFLIX INC COMMON STOCK | 0.40% | Equity (US) | US |
| GS | GOLDMAN SACHS GROUP | 0.39% | Equity (US) | US |
| TXN | TEXAS INSTRUMENTS INC | 0.39% | Equity (US) | US |
| RTX | RTX CORP | 0.39% | Equity (US) | US |
| TMO | THERMO FISHER SCIENTIFIC | 0.38% | Equity (US) | US |
| WFC | WELLS FARGO & CO COMMON | 0.37% | Equity (US) | US |
| GEV | GE VERNOVA INC COMMON | 0.37% | Equity (US) | US |
| AMGN | AMGEN INC COMMON STOCK | 0.35% | Equity (US) | US |
| IBM | INTERNATIONAL BUSINESS | 0.35% | Equity (US) | US |
| CRWD | CROWDSTRIKE HOLDINGS INC | 0.35% | Equity (US) | US |
| LIN | LINDE PLC COMMON STOCK | 0.34% | Equity (Foreign) | IE |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.66% | -6.17% | 6.84% | 2.21% | 3.17% | 1.03% | 1.29% |
| Feb | 0.98% | -3.59% | -3.55% | 3.97% | -0.86% | -1.47% | -0.75% |
| Mar | 1.45% | 4.90% | 3.56% | 1.93% | -4.45% | -5.23% | 0.36% |
| Apr | 4.23% | -9.37% | 0.91% | -3.90% | -1.03% | 9.77% | 0.10% |
| May | 0.33% | -0.83% | 0.72% | 5.04% | 5.70% | 5.00% | 2.66% |
| Jun | 2.42% | -7.93% | 5.08% | 3.16% | 4.27% | -1.51% | 0.92% |
| Jul | 1.78% | 8.09% | 3.33% | 0.98% | 2.49% | -0.05% | 2.77% |
| Aug | 3.07% | -3.67% | -1.39% | 3.93% | 3.68% | 1.29% | 1.15% |
| Sep | -5.05% | -9.71% | -5.24% | 3.96% | 4.02% | 0.17% | -1.98% |
| Oct | 5.72% | 5.36% | -2.27% | 0.11% | 2.00% | 1.17%* | 2.02% |
| Nov | -1.16% | 5.66% | 8.26% | 5.64% | -0.08% | -- | 3.66% |
| Dec | 5.20% | -6.42% | 3.51% | -3.11% | 0.15% | -- | -0.13% |
| Total | 20.93% | -23.09% | 20.52% | 26.10% | 20.27% | 9.87% | 12.43% |
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: $139.16
SMA 50: $138.68
SMA 200: $130.99
Current: $139.51
EMA 12: $139.11
EMA 26: $138.94
MACD: 0.1718 | Signal: -0.1513
BULLISH
ADX (14): 12.43
RANGE
+DI: 20.87
−DI: 26.32
Momentum Oscillators
RSI (14): 53.16
NEUTRAL
Stoch %K: 41.03
Stoch %D: 33.34
Williams %R: -43.89
Volume & Volatility
BB Upper: $141.26
BB Lower: $137.07
NEUTRAL
OBV: 8,299,292
Vol SMA 20: 249,499
Vol ROC: -44.87%
ATR: $1.27
True Range: $1.05
HV 20: 9.2%
HV 30: 10.6%
HV 60: 11.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
BBUS Stock Analysis Report
JPMorgan BetaBuilders U.S. Equity ETF
Executive Summary
Overall Assessment: NEUTRAL | Confidence Level: 7/10
BBUS is a passively managed total U.S. equity ETF tracking the broad market with exceptional cost efficiency (0.02% expense ratio, 98th percentile cheapest). The fund is fundamentally a market proxy with a growth tilt—holding 474 positions concentrated in mega-cap technology (NVDA 7.7%, AAPL 7.5%, MSFT 5.9%), which currently trades at a 2.4% premium to fair value with a weighted P/E of 26.1.
Investment Thesis: BBUS reflects current market positioning where institutional capital is flowing heavily into large-cap U.S. equities (+$2.6B over 12 months, +29.2% of assets). The fund offers transparent, low-cost broad market exposure with strong positive flows, but technical signals are mixed—bullish momentum (MACD histogram +0.51) conflicts with weak trend strength (ADX 10.43 in range mode) and deteriorating volume (-68.55% rate of change). This is a hold for core portfolio exposure rather than a tactical trade.
Recent News Sentiment Impact: All six available headlines are generic fund educational content (neutral sentiment), providing no specific catalyst information. This lack of fund-specific news is typical for broad market ETFs and reflects market maturity rather than concern.
Technical Analysis
Trend Direction
-
Short-term (1-4 weeks): NEUTRAL/CONSOLIDATION
- Price ($138.88) is trading tightly around the 20-day SMA ($139.25) and 50-day SMA ($138.73)
- ADX of 10.43 indicates a ranging market without directional conviction
- Stochastic %D at 69.73 suggests overbought conditions in slower oscillations
-
Medium-term (1-3 months): MODESTLY BULLISH
- Price above the 200-day SMA ($130.70) by +6.3% (+$8.18)
- 74% of fund holdings trade above their 200-day averages [as of 2026-10-14], indicating broad uptrend participation
- Positive net insider buying across 3.7% of weighted positions (90 days) suggests conviction
-
Long-term (3-12 months): BULLISH
- Sustained uptrend structure with price consistently above major moving averages
- Strong fund inflows (+$2.6B annually) indicate sustained institutional capital commitment
- Holdings concentration in mega-cap tech reflects secular growth themes
Support/Resistance Levels
- Immediate Support: $137.15 (Bollinger Band lower), followed by $138.73 (50-day SMA)
- Resistance: $141.34 (Bollinger Band upper), then $139.25 (20-day SMA acting as dynamic resistance)
- Structural Support: $130.70 (200-day SMA, +6.3% below current price—provides significant buffer)
- Trading Range: Bollinger Band width of 3.01 points ($137.15-$141.34) indicates moderate compression—breakout potential exists but hasn't materialized yet
Momentum Signals
RSI (14): 49.19 (NEUTRAL)
- Dead center of neutral zone (30-70), indicating no overbought or oversold extremes
- Neither momentum nor mean reversion pressure evident
- Suggests price is fairly valued relative to recent price action
MACD: 0.46 / Signal: -0.05 / Histogram: +0.51 (BULLISH BUT EARLY)
- Histogram of +0.51 is positive and suggests bullish momentum building
- However, MACD line (0.46) has not yet crossed above signal line (-0.05)—bullish crossover is potentially imminent
- This is an early warning of momentum shift rather than confirmed bullish signal
- Aligns with the broader "recovery in growth stocks" narrative through 2026
Bollinger Bands: NEUTRAL/COMPRESSION
- Price at $138.88 is centered in the band (upper $141.34, lower $137.15)
- Middle band at $139.25 is acting as resistance
- Band width of 3.01 is narrower than might be expected (IV Premium of 29.7% vs HV30 suggests implied volatility richer than realized)
- This compression often precedes directional breakouts—watch for expansion above $141.34 (bullish) or below $137.15 (bearish)
Volume Analysis
Critical Weakness: Volume Rate of Change = -68.55%
- This is the most concerning technical signal
- Volume has collapsed relative to the 20-day average (250,575.50)
- Declining volume during an uptrend typically indicates weakening conviction and reduced institutional participation
- This contradicts the bullish MACD signal and suggests the move lacks follow-through
On-Balance Volume (OBV): 7,543,011.20
- OBV is positive but the direction of change is unclear from this snapshot
- Given the -68.55% volume rate of change, OBV is likely declining or flat
- Suggests institutional buying may be exhausted near current levels
Interpretation: Volume contraction is a red flag. While flows are positive (+$358M latest month), this may reflect passive rebalancing rather than active institutional accumulation. The fund may be entering a consolidation phase after strong 2026 gains.
News & Sentiment Analysis
Recent Headlines Summary
All six available headlines are generic educational content:
- "The More Things Stay The Same" (5/11/2024) — Thematic commentary, no catalyst
- "Building Healthy ETF Portfolios: 6 Key Nutrients" (4/5/2024) — Educational framework
- "Magnificent Seven Drive 2023 U.S. Large Caps" (2/3/2024) — Historical context on mega-cap leadership 4-6. ETF cost guides and long-term wealth building (2023-2024) — Generic fund content
Sentiment Assessment
Aggregate Sentiment: NEUTRAL (6/6 headlines neutral)
- Data Quality Flag: No fund-specific news, earnings announcements, holdings changes, or manager commentary available
- This reflects normal market conditions for a $9.6B broad-market index fund—news is typically generic
- Absence of negative headlines (regulatory issues, fund closure risks, performance problems) is implicitly positive
Catalyst Identification
Near-Term (1-4 weeks):
- 15% of fund weight reports earnings within 7 days [as of 2026-10-14]
- This likely includes mega-cap tech (NVDA, AAPL, MSFT, GOOGL, META, AMZN) given their 31.7% combined weight
- Earnings season will be the primary catalyst; given the weighted P/E of 26.1 (elevated), earnings surprises will move the fund significantly
Medium-Term (1-3 months):
- Fed policy clarity and interest rate expectations (indirectly affects valuation multiples)
- Continued fund flows: the +$2.6B annual inflow trend suggests sustained demand for broad U.S. equity exposure
- Position changes show manager rotating toward semiconductors/semiconductors equipment (SNDK, LITE added; CCL, CTRA sold)—suggests conviction in structural growth over cyclicals
Timing Conflict Note: Most recent holdings data is from 2026-07-31 (nearly 3 months old per SEC filing disclosure). The Carnival Corp. addition and CCL elimination suggest the manager rotated away from cruise/travel cyclicals, likely in anticipation of economic concerns. This is a subtle bearish signal that may not yet be reflected in price.
Market Narrative vs. Technical Signals
Divergence Identified: | Signal | Direction | Confidence | |--------|-----------|------------| | News Sentiment | Neutral | Low (no fund-specific news) | | Fund Flows | Bullish | High (+29.2% annual AUM) | | MACD Momentum | Bullish | Medium (early crossover) | | Volume | Bearish | High (-68.55% VRoC) | | Holdings Valuation | Bearish | Medium (2.4% premium to fair value) | | Insider Buying | Bullish | Medium (+3.7% net buying) |
Narrative Interpretation: The market narrative is "growth stocks rebounding
Generated
News
All BBUS news →
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BBUS Options Activity & IV Rank
BBUS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 13.0%
7-DTE IV: —
Expected Move: $4.17
7-DTE Move: $4.17
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 3
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 3
Put OI: 0
P/C OI: —
Total OI: 3
ATM Options Pricing
ATM Call: $1.82
ATM Put: $2.35
Call %: 1.3%
Put %: 1.7%
Chain Summary
Chain Volume: 6
Chain OI: 6
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.
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
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pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
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pts
EXTREME
as of Oct 21 · ATM 12.9% / 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
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)12.3LowOct 21
Straddle Price (30 DTE)$4.17Oct 21
Beta Analysis
Risk Metrics
Beta: 1.0040
Alpha: -0.46%
Correlation: 0.9960
R-Squared: 99.2%
Stock Volatility: 12.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
BBUS 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.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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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
62.24K
SI % of Float
0.09%
Days to Cover
1.00
Short Vol Ratio
61.9%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
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