Zacks Investment ResearchT3·10d ago
CALF Pacer US Small Cap Cash Cows ETF
ETF 58.45 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.
CALF
$58.45
—
Key stats
$58.45
After hours
$58.45
+0.00%
- 52-Week Range
- $41.94 – $58.45
- YTD
- +30.56%
- IV Rank (30D)
- 33.96
- Straddle Price
- $2.50
- P/C Vol Ratio
- 4.74
- Open
- $57.03
- Day Range
- $57.03 – $58.45
- Volume
- 560,411
- Prev Close
- $57.10
About
Pacer US Small Cap Cash Cows ETF (CALF) ETF
No description available.
- Exchange
- BATS
- Inception
- 2017-06-16
- Has Options
- Yes
Fund profile
holdings as of Oct 1, 2026third-party datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.59% prospectus, filed Aug 28, 2025
- Assets
- $3.7B shares × price, Oct 21, 2026
- Trailing yield
- 1.12% paid quarterly
- Average daily volume
- $27M 30 sessions
- Holdings
- 202 top 10 are 19.9%
- Listed
- Jun 16, 2017 Cboe BZX
- Tracking difference
- -0.17 pts vs index, after fees, FY 2026
Cost24
Liquidity81
Scale95
Diversification99
Moves with. US large-cap stocks (46% of its variance, beta 1.14); Small caps over large (10% of its variance, beta 0.34); Value over growth (5% of its variance, beta 0.60). These factors explain 58% of its daily moves over the last year.
Stated objective. The Pacer US Small Cap Cash Cows ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the total return performance, before fees and expenses, of the Pacer US Small Cap Cash Cows Index (the Index). (from the fund's prospectus)
All 202 holdingsFlow historySimilar fundsOverlap toolAll Cash Flow & Buybacks ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$47M latest reported month
- Latest 3 months
- −$190M −5.2% of assets
- Latest 12 months
- −$1.4B −38.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$47M |
| Jun 2026 | −$74M |
| May 2026 | −$69M |
| Apr 2026 | −$33M |
| Mar 2026 | −$121M |
| Feb 2026 | −$141M |
| Jan 2026 | −$134M |
| Dec 2025 | −$110M |
| Nov 2025 | −$125M |
| Oct 2025 | −$200M |
| Sep 2025 | −$151M |
| Aug 2025 | −$207M |
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 | |
|---|---|---|---|---|---|
| FLOWGlobal X U.S. Cash Flow Kings 100 ETF | 56% | 0.25% | $29M | +32.2% | compare |
| SFLOVictoryShares Small Cap Free Cash Flow ETF | 35% | 0.49% | $606M | +38.1% | compare |
| RNINBushido Capital US SMID Cap Equity ETF | 28% | 0.68% | $153M | +39.9% | compare |
| DSMCDistillate Small/Mid Cash Flow ETF | 27% | 0.55% | $129M | +25.2% | compare |
| AFMCFirst Trust Active Factor Mid Cap ETF | 22% | 0.68% | $240M | +20.6% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 1, 2026third-party data- Holdings vs fair value
- +28.9% 78% under, 4% over · 99% covered
- Price / earnings
- 18.2 8% loss-making · 96% covered
- Price / book · sales
- 1.8 · 0.9 revenue growth +5.3%
- Above 200-day average
- 59% 58% above 50-day · by weight
- Short interest
- 9.2% of float, weighted · 4.6 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 59% net selling
- 13F holders
- +1.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 31.4% of weight in 7 days; 73.9% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.41%
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
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SNXTD SYNNEX Corp | — | 2.35% | — |
| Exit | CFCF Industries Holdings Inc | 2.14% | — | — |
| Exit | BIIBBiogen Inc | 2.07% | — | — |
| Exit | TechnipFMC PLC | 1.97% | — | — |
| Exit | UALUnited Airlines Holdings Inc | 1.92% | — | — |
| Exit | Aptiv PLC | 1.81% | — | — |
| New position | OMCOmnicom Group Inc | — | 1.81% | — |
| New position | TOLToll Brothers Inc | — | 1.71% | — |
| Exit | OVVOvintiv Inc | 1.69% | — | — |
| New position | GENGen Digital Inc | — | 1.61% | — |
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 9 active of 9 with agreements; top 3 did 67%
- Created · redeemed
- $619M · $2.5B over the fiscal year
- Redemptions in kind
- 101% creations 99% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 8.26% of assets on loan on average; earned 1.1 bp
- Return vs index
- -0.17 pts after fees; +0.63 before; daily s.d. 0.10
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 2026-04-30
Holdings
202
AUM
$3.6B
Provider
Nport
Inception
2017-06-16
Exchange
BATS
Data As Of
2026-04-30
Expense Ratio
0.59%
Dividend Yield
1.12%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-03 | 2026-09-08 | $0.1916 | CD |
| 2026-06-04 | 2026-06-08 | $0.0448 | CD |
| 2026-03-05 | 2026-03-09 | $0.0709 | CD |
| 2025-12-30 | 2026-01-05 | $0.3314 | CD |
| 2025-09-04 | 2025-09-10 | $0.1597 | CD |
| 2025-06-05 | 2025-06-11 | $0.0782 | CD |
Asset Allocation
Top Holdings
top 50 of 202 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Mount Vernon Liquid Assets Portfolio, LLC | 5.96% | Short-term investment | US |
| ZM | Zoom Communications Inc | 2.41% | Equity (common) | US |
| SNX | TD SYNNEX Corp | 2.35% | Equity (common) | US |
| APA | APA Corp | 2.17% | Equity (common) | US |
| NTAP | NetApp Inc | 2.05% | Equity (common) | US |
| DVN | Devon Energy Corp | 2.04% | Equity (common) | US |
| FOXA | Fox Corp | 2.03% | Equity (common) | US |
| EXPE | Expedia Group Inc | 2.00% | Equity (common) | US |
| GDDY | GoDaddy Inc | 1.91% | Equity (common) | US |
| OMC | Omnicom Group Inc | 1.81% | Equity (common) | US |
| TOL | Toll Brothers Inc | 1.71% | Equity (common) | US |
| BBY | Best Buy Co Inc | 1.66% | Equity (common) | US |
| GEN | Gen Digital Inc | 1.61% | Equity (common) | US |
| SWKS | Skyworks Solutions Inc | 1.56% | Equity (common) | US |
| INCY | Incyte Corp | 1.55% | Equity (common) | US |
| — | Jazz Pharmaceuticals PLC | 1.53% | Equity (common) | IE |
| BWA | BorgWarner Inc | 1.51% | Equity (common) | US |
| MTCH | Match Group Inc | 1.41% | Equity (common) | US |
| VSNT | Versant Media Group Inc | 1.34% | Equity (common) | US |
| KMX | CarMax Inc | 1.32% | Equity (common) | US |
| LYFT | Lyft Inc | 1.29% | Equity (common) | US |
| IT | Gartner Inc | 1.19% | Equity (common) | US |
| CART | Maplebear Inc | 1.14% | Equity (common) | US |
| NOV | NOV Inc | 1.10% | Equity (common) | US |
| DOCU | Docusign Inc | 1.10% | Equity (common) | US |
| MRP | Millrose Properties Inc | 1.08% | Equity (common) | US |
| EXEL | Exelixis Inc | 1.07% | Equity (common) | US |
| DECK | Deckers Outdoor Corp | 1.07% | Equity (common) | US |
| M | Macy's Inc | 1.04% | Equity (common) | US |
| CROX | Crocs Inc | 0.98% | Equity (common) | US |
| DBX | Dropbox Inc | 0.97% | Equity (common) | US |
| TMHC | Taylor Morrison Home Corp | 0.94% | Equity (common) | US |
| CHRD | Chord Energy Corp | 0.93% | Equity (common) | US |
| BBWI | Bath & Body Works Inc | 0.92% | Equity (common) | US |
| NTNX | Nutanix Inc | 0.92% | Equity (common) | US |
| ALV | Autoliv Inc | 0.92% | Equity (common) | SE |
| ETSY | Etsy Inc | 0.90% | Equity (common) | US |
| TPC | Tutor Perini Corp | 0.88% | Equity (common) | US |
| ADT | ADT Inc | 0.88% | Equity (common) | US |
| CRUS | Cirrus Logic Inc | 0.84% | Equity (common) | US |
| — | Amdocs Ltd | 0.83% | Equity (common) | US |
| QRVO | Qorvo Inc | 0.81% | Equity (common) | US |
| PII | Polaris Inc | 0.81% | Equity (common) | US |
| CALM | Cal-Maine Foods Inc | 0.81% | Equity (common) | US |
| RUSHA | Rush Enterprises Inc | 0.78% | Equity (common) | US |
| — | Genpact Ltd | 0.75% | Equity (common) | US |
| CRGY | Crescent Energy Co | 0.75% | Equity (common) | US |
| — | Signet Jewelers Ltd | 0.73% | Equity (common) | US |
| MHK | Mohawk Industries Inc | 0.72% | Equity (common) | US |
| GME | GameStop Corp | 0.68% | Equity (common) | US |
Non-Equity Breakdown
Pacer US Small Cap Cash Cows 100 ETF ·
NPORT-P period 2026-04-30
(filed 2026-06-29)
Net assets:
$3.44B
· 202 total positions
· equity 99.95%
· non-equity 6.03%
Non-equity holdings
— 2 positions,
6.03% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 6.03% | $207.4M | 2 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 10.20% | -6.53% | 11.76% | -1.75% | 0.14% | 1.36% | 2.53% |
| Feb | 7.61% | 0.05% | -2.79% | 1.28% | -8.59% | 0.65% | -0.30% |
| Mar | 4.86% | -0.72% | -3.96% | 0.80% | -1.55% | -2.48% | -0.51% |
| Apr | 0.97% | -5.16% | -3.74% | -6.08% | -5.54% | 6.81% | -2.12% |
| May | 1.21% | -1.19% | -1.19% | 2.24% | 6.98% | 3.75% | 1.97% |
| Jun | 0.50% | -11.94% | 10.57% | -6.30% | 3.60% | -1.17% | -0.79% |
| Jul | -4.29% | 12.30% | 7.10% | 12.21% | -1.37% | 5.89% | 5.31% |
| Aug | 2.12% | -4.15% | -2.58% | -1.68% | 10.01% | 4.56% | 1.38% |
| Sep | -4.05% | -10.22% | -4.31% | 3.58% | 0.67% | -7.00% | -3.55% |
| Oct | -0.44% | 11.58% | -4.16% | -3.90% | -1.50% | 8.30%* | 1.65% |
| Nov | -3.49% | 4.01% | 7.86% | 7.78% | 2.55% | -- | 3.74% |
| Dec | 2.05% | -7.89% | 7.93% | -8.90% | -0.16% | -- | -1.39% |
| Total | 17.44% | -20.85% | 22.23% | -2.69% | 3.93% | 21.51% | 6.93% |
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: $55.05
SMA 50: $55.98
SMA 200: $50.18
Current: $58.45
EMA 12: $56.24
EMA 26: $55.68
MACD: 0.5613 | Signal: 0.4457
BULLISH
ADX (14): 26.75
TREND
+DI: 42.81
−DI: 12.48
Momentum Oscillators
RSI (14): 71.71
OVERBOUGHT
Stoch %K: 96.97
Stoch %D: 90.24
Williams %R: 0.00
Volume & Volatility
BB Upper: $57.88
BB Lower: $52.21
OVERBOUGHT
OBV: -36,943,706
Vol SMA 20: 438,226
Vol ROC: 38.31%
ATR: $0.77
True Range: $1.42
HV 20: 16.5%
HV 30: 16.3%
HV 60: 16.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
CALF (Pacer US Small Cap Cash Cows ETF) - Comprehensive Stock Analysis
Executive Summary
Overall Assessment: NEUTRAL with Confidence Level: 6/10
CALF presents a mixed technical picture with bearish momentum indicators conflicting against a defensive risk profile and moderately positive news sentiment. The ETF is trading below its short-term moving averages (SMA 20: $54.74, SMA 50: $55.88) while maintaining support above its 200-day MA ($49.58), suggesting consolidation within a medium-term uptrend. Primary risks include negative volume trends (-89.08% volume rate of change) and deteriorating momentum (MACD at -0.60), while key drivers remain the small-cap sector's outperformance narrative and the fund's low-volatility positioning (Beta 0.65).
Investment Thesis: CALF operates as a defensive small-cap exposure with below-market volatility, currently in a technical pullback phase with weakening momentum. The positive news sentiment around small-cap ETF opportunities contrasts with technical deterioration, warranting caution until momentum stabilizes or support levels hold.
Recent News Sentiment Impact: News headlines are predominantly positive (4 of 6 articles positive sentiment), emphasizing small-cap outperformance and rate-cut beneficiaries. However, these articles span from August 2024 to September 2026, suggesting lack of recent catalytic news. The most recent headline (Sept 21, 2026) is neutral and questioning whether CALF "should be on your radar"—a subtle bearish undertone not reflected in the NEUTRAL label.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH
- Price ($53.91) trades below SMA 20 ($54.74) and SMA 50 ($55.88)
- EMA 12 ($54.23) sits above current price, indicating downward pressure
- ADX (24.11) shows weak trend strength, but -DI (29.12) > +DI (19.60) confirms bearish directional bias
- Stochastic indicators (%K: 30.76, %D: 27.59) in oversold territory without crossing above %D, suggesting continued downward momentum
Medium-term (1-3 months): NEUTRAL-TO-BULLISH
- Price remains above SMA 50 ($55.88) support zone, with substantial cushion to SMA 200 ($49.58)
- EMA 26 ($54.84) suggests intermediate uptrend structure is intact
- Consolidation pattern between $52.62 (Bollinger Lower Band) and $56.86 (Upper Band)
Long-term (3-12 months): BULLISH
- Price trading 8.7% above 200-day MA ($49.58), confirming long-term uptrend structure
- Alpha positive (0.13) suggests outperformance of risk-adjusted returns
- Support zone well-established at $49.58 level
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $56.86 | Resistance | Bollinger Upper Band; previous consolidation ceiling | | $55.88 | Resistance | SMA 50; intermediate trend line | | $54.74 | Resistance | SMA 20; recent pullback origin | | $53.91 | Current Price | Trading at lower end of Bollinger Band range | | $52.62 | Support | Bollinger Lower Band; near-term support | | $50.50 | Support | Psychological round number; proximity to SMA 200 | | $49.58 | Major Support | SMA 200; long-term trend anchor |
Momentum Signals
RSI (39.51) - NEUTRAL with Slight Bearish Bias:
- Reading of 39.51 falls within neutral zone (30-70) but skews toward lower end
- Position between RSI (30) oversold threshold and midpoint (50) suggests momentum weakness without capitulation
- Not yet signaling oversold condition, indicating further downside room before reversal signal
MACD - BEARISH CROSSOVER:
- MACD line (-0.60) trading significantly below Signal line (-0.04)
- Negative histogram (-0.56) and widening bearish gap indicate momentum deterioration
- No bullish crossover in sight; further downside possible before mean-reversion
Bollinger Bands - NEUTRAL SQUEEZE:
- Width of 7.74 represents moderate band contraction (neither extreme squeeze nor full expansion)
- Price at lower portion of bands ($53.91 vs $52.62 lower, $56.86 upper) suggests mean-reversion potential
- Band positioning supports consolidation narrative rather than breakout imminent
Williams %R (-72.32) - SIGNIFICANT OVERSOLD SIGNAL:
- Extreme reading indicates 72.32% of price range has traded below current price over lookback period
- Traditionally signals oversold condition with high probability of mean-reversion bounce
- Contradicts MACD bearish setup—potential divergence suggesting bounce likely
Volume Analysis
Critical Deterioration Alert:
- Volume Rate of Change: -89.08% (severe contraction)
- Volume SMA 20: 524,658 shares; current volume significantly below average
- On-Balance Volume: -44,458,078 (negative accumulated volume indicating distribution)
- Interpretation: Extreme volume decline suggests retail/institutional participation withdrawal; price movement on low volume is typically non-confirming and vulnerable to reversal
Institutional Interest Signals:
- Low absolute volume combined with negative OBV suggests sellers have exited positions (capitulation) or buyers remain absent
- Lack of institutional "follow-through" buying despite positive news narrative
- Low volume technically can precede both reversals (if capitulation complete) or continued declines (if selling resumes)
News & Sentiment Analysis
Recent Headlines Summary
| Headline | Date | Sentiment | Key Theme | |----------|------|-----------|-----------| | "Should Pacer US Small Cap Cash Cows ETF Be on Your Radar?" | 2026-09-21 | NEUTRAL | Cautionary tone; questioning relevance | | "Small-Cap ETFs Beating S&P 500—Quality Problem Building" | 2026-05-28 | POSITIVE | Outperformance with caveat on quality | | "Best Small-Cap ETF to Buy Right Now" | 2024-11-27 | POSITIVE | Explicit endorsement | | "3 Small-Cap ETFs That Could Be Big Rate-Cut Winners" | 2024-11-27 | POSITIVE | Rate-cut beneficiary thesis | | "Xerox Snaps Up ITsavvy For $400M" | 2024-10-17 | NEUTRAL | M&A activity (holdings-related?) | | "Could This Unique Small-Cap ETF Beat S&P 500?" | 2024-08-29 | POSITIVE | Relative performance narrative |
Sentiment Assessment
Aggregate Sentiment: POSITIVE LEANING (67% positive)
- 4 of 6 articles display positive sentiment
- Positive themes: outperformance, rate-cut beneficiaries, dividend quality ("cash cows" positioning)
- Cautionary elements: Most recent article (Sept 21) uses interrogative framing ("Should...be on your radar?"), suggesting enthusiasm cooling
Data Quality Issue: Date inconsistency noted—articles from 2024-2026 mixed with apparent future dates (Sept 2026), suggesting either data error or promotional evergreen content. Recent substantive news appears limited.
Catalyst Identification
Immediate Catalysts (1-7 days): None identified Near-term Catalysts (1-4 weeks):
- Potential mean-reversion bounce (technical oversold conditions: Williams %R, Stochastic)
- Federal Reserve policy rhetoric (rate-cut narrative from headlines)
Medium-term Catalysts (1-3 months):
- Q3/Q4 small-cap earnings season (underlying holdings)
- Economic data releases affecting rate-cut probability
- Small-cap rotation if Fed cuts rates (positive for holdings)
No Earnings Data Available - This is expected for an ETF; analysis should focus on underlying holdings' earnings cycle
Market Narrative Assessment
Narrative vs. Technical Signals - SIGNIFICANT DIVERGENCE:
- News Narrative: Small-cap ETFs outperforming, rate-cut beneficiaries, quality exposure attractive
- Technical Reality: Price declining on decreasing volume, momentum deteriorating (
Generated
News
All CALF news →
Zacks Investment ResearchT3·1mo ago
BenzingaT3·4mo ago
The Motley FoolT3·23mo ago
The Motley FoolT3·23mo ago
BenzingaT3·24mo ago
The Motley FoolT3·26mo ago
Zacks Investment ResearchT3·28mo ago
Zacks Investment ResearchT3·28mo ago
The Motley FoolT3·30mo ago
Showing 1–10 of 50
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CALF Options Activity & IV Rank
CALF IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 18.9%
7-DTE IV: —
Expected Move: $2.50
7-DTE Move: $2.50
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 19
Put Volume: 90
P/C Volume: 4.737
BEARISH
Call OI: 16
Put OI: 47
P/C OI: 2.938
Total OI: 63
ATM Options Pricing
ATM Call: $1.25
ATM Put: $1.25
Call %: 2.1%
Put %: 2.1%
Chain Summary
Chain Volume: 155
Chain OI: 120
Last Updated: 10/22/2026
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
LOW γ vs HISTORY
Estimated net dealer gamma is at the 5th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
5%
vs own history
GEX tilt
-0.38
OI-weighted, today
Vanna tilt
-0.22
δ-sensitivity to IV
Charm tilt
-0.55
δ-decay vs time
Charm tilt -0.55: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 0k 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
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pts
EXTREME
No data
30 DTE / 10d
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pts
EXTREME
ATM 18.5% / 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)34.0MediumOct 22
Straddle Price (30 DTE)$2.50Oct 22
Beta Analysis
Risk Metrics
Beta: 0.5828
Alpha: 22.89%
Correlation: 0.4675
R-Squared: 21.9%
Stock Volatility: 15.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
CALF 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$268.23K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $268.23K | 100.00% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
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
404.65K
SI % of Float
0.62%
Days to Cover
1.00
Short Vol Ratio
56.3%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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