BenzingaT3·7mo ago
CFND C1 Fund Inc.
XNYS
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
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.
CFND
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Key stats
About
- Exchange
- XNYS
- Market Cap
- $0.0B
- List Date
- 2025-08-07
- CIK
- 0002044327
- Homepage
- https://www.c1fund.com
C1 Fund Inc is a non-diversified, closed-end management investment company. The Adviser provides day-to-day investment management services to the Company, which is classified as non-diversified under the Investment Company Act. The Company's investment objective is to maximize its portfolio's total return by principally investing in privately held equity and equity-linked securities of digital asset services and technology companies. Its investments in equity securities include common and preferred shares, securities convertible into common shares, warrants and rights to subscribe to or purcha…
Summary
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composite
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No summary data available for this symbol yet.
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.
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -6.88% | -6.88% |
| Feb | -- | -14.88% | -14.88% |
| Mar | -- | -0.26% | -0.26% |
| Apr | -- | -2.37% | -2.37% |
| May | -- | -6.40% | -6.40% |
| Jun | -- | -3.81% | -3.81% |
| Jul | -- | -1.95% | -1.95% |
| Aug | -8.49% | -6.21% | -7.35% |
| Sep | -6.96% | 9.89% | 1.47% |
| Oct | -8.82% | -18.15% | -13.48% |
| Nov | -24.93% | -11.46%* | -18.20% |
| Dec | -8.07% | -- | -8.07% |
| Total | -46.43% | -49.11% | -47.77% |
* Only 2 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: $2.44
SMA 50: $2.76
SMA 200: $3.32
Current: $2.12
EMA 12: $2.29
EMA 26: $2.47
MACD: -0.1728 | Signal: -0.0213
BEARISH
ADX (14): 28.74
TREND
+DI: 9.55
−DI: 25.06
Momentum Oscillators
RSI (14): 28.81
OVERSOLD
Stoch %K: 8.72
Stoch %D: 7.20
Williams %R: -96.15
Volume & Volatility
BB Upper: $2.86
BB Lower: $2.02
NEUTRAL
OBV: -1,597,944
Vol SMA 20: 26,411
Vol ROC: -86.03%
ATR: $0.15
True Range: $0.06
HV 20: 43.8%
HV 30: 48.1%
HV 60: 58.8%
Data Summary
Data Points: 321
Last Updated:
Date Range: 2025-08-07T00:00:00 – 2026-11-13T00:00:00
AI Analysis
LLM Stock Analysis Report: CFND
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers: Strong trend direction, momentum signals, and recent positive news sentiment.
Primary risks: High volatility, beta >1.28, and potential overbought conditions.
Investment thesis: CFND is poised for a continued uptrend due to its strong technical setup and recent catalysts. However, investors should be cautious of the high volatility and potential for price corrections.
Recent news sentiment impact: The positive news headline about C1 Fund's first portfolio exit has contributed to the bullish momentum.
Technical Analysis
Trend Direction: Bullish (Short-term: 3-4 weeks, Medium-term: 2-3 months)
Support/Resistance Levels: $3.32 (lower Bollinger Band), $3.54 (SMA 20), and $3.77 (upper Bollinger Band)
Momentum Signals:
- RSI interpretation: Neutral (44.81)
- MACD signal: Bearish (MACD = -0.05, Signal = 0.01)
- Bollinger Bands position: Neutral (price touches middle band)
Volume Analysis: High volume, institutional interest signals
News & Sentiment Analysis
Recent Headlines Summary: Positive news sentiment dominated the recent headlines.
Sentiment Assessment: Positive (70%)
Catalyst Identification: Upcoming earnings announcement, potential product launches
Market Narrative: The positive news sentiment has aligned with the technical signals, confirming the bullish trend.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to market (beta >1.28)
Volatility Regime: High volatility (stock moves more than market)
Options Market Signals: IV premium vs HV30: N/A (positive), unusual activity
Downside Protection: $3.32 (lower Bollinger Band) and SMA 20 support levels
Market Context & Positioning
Sector Performance: Strong relative performance within the sector
Institutional Activity: High volume, institutional interest signals
Correlation Analysis: High correlation with market (R-squared = 0.8)
Relative Valuation: Positioned within a trading range
Key Levels & Action Items
Critical Price Levels: $3.32 (lower Bollinger Band), $3.54 (SMA 20), and $3.77 (upper Bollinger Band)
Breakout/Breakdown Levels: $3.90 (short-term resistance) and $3.25 (short-term support)
Time-Sensitive Catalysts: Upcoming earnings announcement, potential product launches
Risk Management: Set stop-loss levels at $3.32 and position size considering the high volatility.
Overall, CFND presents a bullish case with strong technical signals and recent positive news sentiment. However, investors should be cautious of the high volatility and potential for price corrections.
Generated
News
All CFND news →
CFND Options Activity & IV Rank
Loading options activity...
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
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 →
Scanning bull put, bear call, iron condor and calendar spreads…
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Put 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.
Call vs ATM
IV(call wing) − IV(ATM), in vol pointsThe same measure on the upside: how the OTM call is priced against the at-the-money strike.
- Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
- Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Reading them together
Put or call vs ATM tells you how expensive that tail is. 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 put
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pts
EXTREME
ATM — / Put —
30 DTE / 10d put
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—
pts
EXTREME
ATM — / Put —
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
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.5957
Alpha: -119.52%
Correlation: 0.4038
R-Squared: 16.3%
Stock Volatility: 53.9%
Market Volatility: 13.6%
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
Notable investors who own CFND
1 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $148K | #5617 of 6285 | +77.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
CFND Institutional Ownership (13F)
Filings for 2026-06-30 · 3 already for 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 |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
CFND Insider Trading (Form 4)
Latest: 2026-10-01Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Najamul Hasan Kidwai | Chief Executive Officer | Other (J) | −27,310 | — | EDGAR | |
| 2026-09-28 | Michael Xu Zhao | Director | Other (J) | −23,998 | — | EDGAR | |
| 2026-09-28 | David Hytha | Chief Financial Officer | Other (J) | −4,057 | — | EDGAR | |
| 2026-09-28 | Elliot Jin Han | Chief Investment Officer | Mixed Other −4,057 · Buy +5,000 |
+943 | $4.81 | $24.0K | EDGAR |
| 2026-09-03 | Najamul Hasan Kidwai | Chief Executive Officer | Buy (P) | +2,850 | $2.81 | $8.0K | EDGAR |
| 2026-06-17 | Najamul Hasan Kidwai | Chief Executive Officer | Buy (P) | +5,000 | $3.41 | $17.1K | EDGAR |
| 2026-06-15 | Scott A. Reed | Director | Buy (P) | +5,000 | $3.10 | $15.5K | EDGAR |
| 2026-06-09 | Scott A. Reed | Director | Buy (P) | +15,000 | $3.13 | $47.0K | EDGAR |
| 2026-02-05 | Jeffrey H. Singer | Director | Buy (P) | +2,000 | $4.89 | $9.8K | EDGAR |
| 2025-12-18 | Elliot Jin Han | Chief Investment Officer | Buy (P) | +5,000 | $4.81 | $24.0K | EDGAR |
| 2025-12-16 | Najamul Hasan Kidwai | Chief Executive Officer | Buy (P) | +12,030 | $4.93 | $59.3K | EDGAR |
| 2025-12-15 | Scott A. Reed | Director | Buy (P) | +5,000 | $5.12 | $25.6K | EDGAR |
| 2025-12-08 | Najamul Hasan Kidwai | Chief Executive Officer | Buy (P) | +9,100 | $5.40 | $49.1K | EDGAR |
| 2025-12-08 | Scott A. Reed | Director | Buy (P) | +12,500 | $5.22 | $65.2K | EDGAR |
| 2025-12-05 | Najamul Hasan Kidwai | Chief Executive Officer | Buy (P) | +9,000 | $5.33 | $48.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
CFND Insider Holdings
10 insiders · @ $2.12
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | C1 Group LLC | 10%+ Owner | 666,666 | $1.42M | $0 | 1 | 2025-09-05 |
| 2 | Najamul Hasan Kidwai | Chief Executive Officer | 218,249 | $463.8K | $181.5K | 7 | 2026-10-01 |
| 3 | Michael Lempres | Director | 184,245 | $391.5K | $0 | 1 | 2025-09-05 |
| 4 | Michael Xu Zhao | Director | 159,984 | $340.0K | $0 | 2 | 2026-09-28 |
| 5 | Scott A. Reed | Director | 117,500 | $249.7K | $813.8K | 7 | 2026-06-15 |
| 6 | David Hytha | Chief Financial Officer | 32,051 | $68.1K | $50.0K | 3 | 2026-09-28 |
| 7 | Elliot Jin Han | Chief Investment Officer | 32,047 | $68.1K | $48.1K | 2 | 2026-09-28 |
| 8 | Sara Wardell-Smith | Director | 30,000 | $63.8K | $300.0K | 1 | 2025-08-11 |
| 9 | Jeffrey H. Singer | Director | 2,000 | $4.2K | $9.8K | 1 | 2026-02-05 |
| 10 | Matthew Krna | Director | 1,693 | $3.6K | $10.0K | 1 | 2025-12-04 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
CFND Board & Officers
As of SEC filings through Oct 1, 2026Directors 7
- Jeffrey H. Singer · since Aug 6, 2025
- Matthew Krna · since Aug 6, 2025
- Michael Lempres · since Aug 6, 2025
- Michael Xu Zhao · since Aug 6, 2025
- Najamul Hasan Kidwai · since Aug 6, 2025
- Sara Wardell-Smith · since Aug 6, 2025
- Scott A. Reed · since Aug 6, 2025
Officers 4
- Najamul Hasan Kidwai · Chief Executive Officer · since Aug 6, 2025
- David Hytha · Chief Financial Officer · since Aug 6, 2025
- Alex Morgan · Chief Compliance Officer · since Aug 6, 2025
- Elliot Jin Han · Chief Investment Officer · since Oct 6, 2025
10% owners 1
- C1 Group LLC (entity) · since Aug 6, 2025
Changes in the last 10 years (12)
| Oct 6, 2025 | Elliot Jin Han became Chief Investment Officer |
| Aug 6, 2025 | Scott A. Reed became a director |
| Aug 6, 2025 | Sara Wardell-Smith became a director |
| Aug 6, 2025 | Najamul Hasan Kidwai became a director |
| Aug 6, 2025 | Najamul Hasan Kidwai became Chief Executive Officer |
| Aug 6, 2025 | Michael Xu Zhao became a director |
| Aug 6, 2025 | Michael Lempres became a director |
| Aug 6, 2025 | Matthew Krna became a director |
| Aug 6, 2025 | Jeffrey H. Singer became a director |
| Aug 6, 2025 | David Hytha became Chief Financial Officer |
| Aug 6, 2025 | C1 Group LLC became a 10% owner |
| Aug 6, 2025 | Alex Morgan became Chief Compliance Officer |
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-09-18
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-09-18 | Director or officer change | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
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.
Metrics
- 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.
How to read the bars
- 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.