Bullish(BLSH)
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership.
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.
- 52-Week Range
- $20.55 – $70.50
- YTD
- -4.28%
- IV Rank (30D)
- 15.57
- Straddle Price
- $5.81
- P/C Vol Ratio
- 2.14
- Market Cap
- $6.0B
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.96% |
| Beta vs SPY | 1.44 |
| Cost of Equity (CAPM) | 11.80% (VRP-adj) |
| WACC | 5.09% |
| Volatility Risk Premium | -12.9pp (IV − HV30), ERP adj -25bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Debt / Equity | 0.15 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $29.34 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $35.82 |
| Bollinger Width / SMA20 | 83.0% (drives anchor stability) |
| Net Debt | $0.4B |
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | median 29.3× · 5 peers |
| Peer P/B | n/a | 0% | median 4.0× · 7 peers |
| Peer P/S | n/a | 0% | median 6.4× · 7 peers |
| Market Anchor (SMA50) | $29.34 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $39.31 | 100% | 28 strikes · skew +0.21 |
- Exchange
- XNYS
- Market Cap
- $6.0B
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and communi…
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | -21.44% | 1 |
| Feb | +5.05% | 1 |
| Mar | +16.27% | 1 |
| Apr | +4.14% | 1 |
| May | -8.13% | 1 |
| Jun | -30.72% | 1 |
| Jul | -8.71% | 1 |
| Aug | +25.53% | 2 |
| Sep | +17.13% | 2 |
| Oct | -19.05% | 1 |
| Nov | -10.80% | 1 |
| Dec | -7.36% | 1 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: BLSH
Executive Summary
Overall Assessment: NEUTRAL with confidence level 6/10
Key Drivers:
- Recent positive news headlines on acquisitions and blockchain adoption
- Bullish options market sentiment, with a low IV rank indicating historically low volatility
- Technical indicators show a bearish MACD signal, but neutral RSI reading
Primary Risks:
- High volatility, as evidenced by the beta of 2.65 compared to SPY
- Bearish trend signals from the MACD indicator
- Potential for mean reversion if price continues to decline
Investment Thesis: BLSH presents a mixed bag, with both bullish and bearish factors at play. While recent news headlines suggest growth potential, technical indicators indicate a possible correction. As a result, I recommend a cautious approach, focusing on risk management and capital preservation.
Recent News Sentiment Impact: The positive sentiment from recent news headlines is reflected in the options market, with a low IV rank indicating historically low volatility. This suggests that investors are expecting relatively calm price movements, which could be an opportunity to buy into the stock at a discounted level.
Technical Analysis
Trend Direction: Neutral, as the stock has been trading within a range without clear upward or downward momentum.
Support/Resistance Levels: The stock is currently trading near its lower Bollinger Band ($31.96), which may serve as support if price continues to decline. The upper band ($46.18) could offer resistance if the stock rallies.
Momentum Signals:
- RSI: 38.18 (neutral)
- MACD signal: Bearish
- Bollinger Bands position: Neutral
News & Sentiment Analysis
Recent Headlines Summary: Recent news headlines have been positive, with acquisitions and blockchain adoption driving growth potential.
Sentiment Assessment: Overall sentiment is positive, with a majority of recent headlines highlighting the stock's growth prospects.
Catalyst Identification: The upcoming earnings report may serve as a catalyst for further price movement. Additionally, regulatory changes or product launches could impact the stock's valuation.
Market Narrative: The market narrative suggests that BLSH is part of a larger trend towards blockchain adoption and digital transformation, which could drive long-term growth.
Risk & Volatility Assessment
Beta Interpretation: Beta of 2.65 indicates high volatility relative to the market.
Volatility Regime: Current volatility levels are elevated compared to historical norms.
Options Market Signals:
- IV rank: 6.8% (low)
- Put/call ratios: 0.67 (bullish sentiment)
Market Context & Positioning
Sector Performance: BLSH is part of the technology sector, which has been experiencing strong growth in recent quarters.
Institutional Activity: Institutional investors are actively trading this stock, as evidenced by the high volume flow and open interest.
Correlation Analysis: The stock's correlation with the market (R-squared) is 0.41, indicating a moderate level of relationship.
Key Levels & Action Items
Critical Price Levels:
- Support: $31.96 (lower Bollinger Band)
- Resistance: $46.18 (upper Bollinger Band)
Breakout/Breakdown Levels: A breakout above the upper band or a breakdown below the lower band could trigger significant price movements.
Time-Sensitive Catalysts: The upcoming earnings report and potential regulatory changes or product launches may serve as catalysts for further price movement.
Risk Management: Consider using stop-loss levels and position sizing considerations to manage risk, given the high volatility and bearish MACD signal.
- IV Rank (30D)
- 15.57
- IV Rank (7D)
- 100
- Avg IV
- 77.6%
- Straddle (30D)
- $5.81
- Straddle (7D)
- $2.49
- P/C Volume
- 2.14
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
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.
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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 2.82
- Correlation (SPY)
- 48.8%
- R²
- 0.24
- Ann. Volatility
- 75.1%
- SPY Volatility
- 13.0%
High volatility - stock moves more than market
Institutional 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 |
|---|---|---|---|---|
| 1 | CITADEL ADVISORS LLC Custodian | $10.90M | 26.35% | 2026-06-30 |
| 2 | WOLVERINE TRADING, LLC Custodian | $8.26M | 19.97% | 2025-09-30 |
| 3 | IMC-Chicago, LLC Custodian | $5.58M | 13.49% | 2026-06-30 |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $4.99M | 12.06% | 2026-06-30 |
| 5 | JANE STREET GROUP, LLC Custodian | $4.59M | 11.08% | 2026-06-30 |
| 6 | Tidal Investments LLC | $1.64M | 3.96% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $1.44M | 3.49% | 2026-06-30 |
| 8 | PEAK6 LLC | $1.09M | 2.63% | 2026-06-30 |
| 9 | UBS Group AG Custodian | $937.20K | 2.27% | 2026-06-30 |
| 10 | SIMPLEX TRADING, LLC Custodian | $787.25K | 1.90% | 2026-06-30 |
| 11 | Walleye Trading LLC | $599.81K | 1.45% | 2026-06-30 |
| 12 | MILLENNIUM MANAGEMENT LLC Custodian | $445.17K | 1.08% | 2026-06-30 |
| 13 | Walleye Capital LLC | $114.81K | 0.28% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | JANE STREET GROUP, LLC Custodian | $8.21M | 21.53% | 2026-06-30 |
| 2 | WOLVERINE TRADING, LLC Custodian | $7.93M | 20.80% | 2025-09-30 |
| 3 | CITADEL ADVISORS LLC Custodian | $6.23M | 16.34% | 2026-06-30 |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $5.20M | 13.63% | 2026-06-30 |
| 5 | Tidal Investments LLC | $3.75M | 9.83% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $3.63M | 9.53% | 2026-06-30 |
| 7 | Walleye Trading LLC | $1.24M | 3.24% | 2026-06-30 |
| 8 | Walleye Capital LLC | $817.71K | 2.14% | 2026-06-30 |
| 9 | TUDOR INVESTMENT CORP ET AL | $557.63K | 1.46% | 2026-06-30 |
| 10 | SIMPLEX TRADING, LLC Custodian | $339.74K | 0.89% | 2026-06-30 |
| 11 | GROUP ONE TRADING LLC Custodian | $229.61K | 0.60% | 2026-06-30 |
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-23 | Andrew Bliss | Director | Sell (S) | −245,129 | $40.46 | -$9.92M | EDGAR |
| 2026-09-14 | Andrew Charles Wynn | Director | Award (A) | +7,940 | — | EDGAR | |
| 2026-09-10 | Andrew Bliss | Director | Award (A) | +5,877 | — | EDGAR | |
| 2026-09-10 | Karen Jo Simon | Director | Award (A) | +5,877 | — | EDGAR | |
| 2026-09-09 | Kokuei Yuan | Director | Award (A) | +5,877 | — | EDGAR | |
| 2026-09-08 | Brendan Francis Blumer | Director | Award (A) | +5,877 | — | EDGAR | |
| 2026-05-13 | Thomas W Farley | Chief Executive Officer | Mixed | +80,000 | $43.95 | -$3.52M | EDGAR |
| 2026-05-06 | Thomas W Farley | Chief Executive Officer | Sell (S) | — | — | EDGAR | |
| 2026-04-13 | Thomas W Farley | Chief Executive Officer | Sell (S) | −80,000 | $36.41 | -$2.91M | EDGAR |
| 2026-04-06 | Brendan Francis Blumer | Director | Exer (X) | — | — | EDGAR |
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Brendan Francis Blumer | Director | 39,167,885 | $1.47B | $0 | 2 | 2026-09-08 |
| 2 | Kokuei Yuan | Director | 36,498,719 | $1.37B | $0 | 1 | 2026-09-09 |
| 3 | Andrew Bliss | Director | 4,864,865 | $182.82M | -$9.92M | 2 | 2026-09-23 |
| 4 | Thomas W Farley | Chief Executive Officer | 74,500 | $2.80M | -$6.43M | 3 | 2026-05-13 |
| 5 | Karen Jo Simon | Director | 36,494 | $1.37M | $0 | 1 | 2026-09-10 |
| 6 | Andrew Charles Wynn | Director | 12,410 | $466.4K | $0 | 1 | 2026-09-14 |
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. Amendments (Form 144/A) and post-cancellation refilings can inflate this if you sum naively; the rollup above excludes filings with zero stated value.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-21 | Bliss Capital Ltd | Affiliate | 260,000 | $9.97M | 2026-09-21 | J.P. Morgan Securities LLC | 10b5-1 | EDGAR |
| 2026-02-13 | David Bonanno | Officer | 125,000 | $3.96M | 2026-02-13 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-02-13 | THOMAS FARLEY | Director, Officer | 320,000 | $10.15M | 2026-02-13 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.