Zacks Investment ResearchT3·8d ago
CHAT Roundhill Generative AI & Technology ETF
ETF 81.22 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.
CHAT
$81.22
—
Key stats
$81.22
Pre-market
$79.85
-1.69%
- 52-Week Range
- $55.52 – $105.20
- YTD
- +34.49%
- IV Rank (30D)
- 22.9
- Straddle Price
- $6.67
- P/C Vol Ratio
- 0.86
- Open
- $81.30
- Day Range
- $80.13 – $81.63
- Volume
- 476,664
- Prev Close
- $79.77
About
Roundhill Generative AI & Technology ETF (CHAT) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2023-05-17
- Has Options
- Yes
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 0.75% prospectus, filed Aug 25, 2025
- Assets
- $1.8B SEC filing, Jul 31, 2026
- Trailing yield
- 2.07% paid annual
- Average daily volume
- $27M 30 sessions
- Holdings
- 48 top 10 are 39.3%
- Listed
- May 17, 2023 NYSE Arca
Cost14
Liquidity81
Scale83
Diversification66
Moves with. Value over growth (33% of its variance, beta -1.10); Emerging markets over US (29% of its variance, beta 0.97); US large-cap stocks (27% of its variance, beta 1.18). These factors explain 88% of its daily moves over the last year.
Stated objective. The Roundhill Generative AI & Technology ETF (the Fund) seeks long-term capital appreciation. (from the fund's prospectus)
All 48 holdingsFlow historySimilar fundsOverlap toolAll AI & Robotics ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$38M latest reported month
- Latest 3 months
- +$267M +15.1% of assets
- Latest 12 months
- +$926M +52.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$38M |
| Jun 2026 | +$83M |
| May 2026 | +$223M |
| Apr 2026 | +$132M |
| Mar 2026 | +$1.9M |
| Feb 2026 | −$6.2M |
| Jan 2026 | −$9.1M |
| Dec 2025 | +$12M |
| Nov 2025 | +$1.1M |
| Oct 2025 | +$219M |
| Sep 2025 | +$209M |
| Aug 2025 | +$99M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 39 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FAIFirst Trust Bloomberg Artificial Intelligence ETF | 47% | 0.65% | $258M | +33.0% | compare |
| WTAIWisdomTree Artificial Intelligence and Innovation Fund | 46% | 0.45% | $669M | +28.7% | compare |
| GPTYYieldMax AI & Tech Portfolio Option Income ETF | 45% | 1.06% | $102M | −16.0% | compare |
| AIVCAmplify Bloomberg AI Equal Weight ETF | 44% | 0.59% | $128M | +60.9% | compare |
| ARTYiShares Future AI & Tech ETF | 43% | 0.47% | $3.9B | +49.1% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Jul 31, 2026SEC filing- Holdings vs fair value
- +7.5% 30% under, 20% over · 64% covered
- Price / earnings
- 37.2 12% loss-making · 58% covered
- Price / book · sales
- 8.1 · 5.6 revenue growth +22.9%
- Above 200-day average
- 62% 22% above 50-day · by weight
- Short interest
- 3.8% of float, weighted · 2.2 days to cover
- Insider buying
- 3% of weight had net insider buying, 90 days; 46% net selling
- 13F holders
- +3.8% change in shares held by institutions, latest quarter
- Reporting earnings
- 19.2% of weight in 7 days; 34.1% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.23%
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 |
|---|---|---|---|---|
| Exit | BABAAlibaba Group Holding Ltd | 2.94% | — | — |
| Exit | Tencent Holdings Ltd | 2.47% | — | — |
| New position | SKMSK Telecom Co Ltd | — | 2.24% | — |
| New position | Advantest Corp | — | 2.10% | — |
| Exit | PLTRPalantir Technologies Inc | 1.94% | — | — |
| Exit | NETCloudflare Inc | 1.83% | — | — |
| New position | Unimicron Technology Corp | — | 1.69% | — |
| New position | SMCISuper Micro Computer Inc | — | 1.65% | — |
| New position | SNOWSnowflake Inc | — | 1.61% | — |
| Decrease | AMDAdvanced Micro Devices Inc | 4.98% | 3.39% | −31.3% |
16 new, 9 exited, 15 increased and 8 decreased between the fund's two latest holdings reports; turnover 27.6%. Full holdings and history
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 6 active of 6 with agreements; top 3 did 89%
- Created · redeemed
- $982M · $256M over the fiscal year
- Redemptions in kind
- 93% creations 77% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
48
AUM
$1.8B
Provider
Nport
Inception
2023-05-17
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
0.75%
Dividend Yield
2.07%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-29 | 2025-12-30 | $1.6807 | CD |
Asset Allocation
Top Holdings
top 48 of 48 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA Corp | 6.43% | Equity (common) | US |
| GOOGL | Alphabet Inc | 5.92% | Equity (common) | US |
| AVGO | Broadcom Inc | 4.31% | Equity (common) | US |
| — | SK hynix Inc | 4.18% | Equity (common) | KR |
| AMD | Advanced Micro Devices Inc | 3.39% | Equity (common) | US |
| — | Samsung Electronics Co Ltd | 3.31% | Equity (common) | KR |
| MU | Micron Technology Inc | 3.22% | Equity (common) | US |
| — | Nebius Group NV | 2.92% | Equity (common) | NL |
| AMZN | Amazon.com Inc | 2.81% | Equity (common) | US |
| MSFT | Microsoft Corp | 2.78% | Equity (common) | US |
| — | ASML Holding NV | 2.71% | Equity (common) | NL |
| CRWV | CoreWeave Inc | 2.58% | Equity (common) | US |
| ALAB | Astera Labs Inc | 2.56% | Equity (common) | US |
| — | SoftBank Group Corp | 2.53% | Equity (common) | JP |
| ARM | ARM Holdings PLC | 2.35% | Equity (common) | GB |
| — | TSMC | 2.31% | Equity (common) | TW |
| SKM | SK Telecom Co Ltd | 2.24% | Equity (common) | KR |
| ANET | Arista Networks Inc | 2.17% | Equity (common) | US |
| — | Advantest Corp | 2.10% | Equity (common) | JP |
| — | Z AI Co Ltd | 2.08% | Equity (common) | CN |
| ORCL | Oracle Corp | 2.02% | Equity (common) | US |
| META | Meta Platforms Inc | 1.96% | Equity (common) | US |
| — | Credo Technology Group Holding | 1.85% | Equity (common) | US |
| VRT | Vertiv Holdings Co | 1.73% | Equity (common) | US |
| — | Unimicron Technology Corp | 1.69% | Equity (common) | TW |
| CLS | Celestica Inc | 1.66% | Equity (common) | CA |
| SMCI | Super Micro Computer Inc | 1.65% | Equity (common) | US |
| SNOW | Snowflake Inc | 1.61% | Equity (common) | US |
| CRWD | Crowdstrike Holdings Inc | 1.51% | Equity (common) | US |
| MRVL | Marvell Technology Inc | 1.51% | Equity (common) | US |
| DELL | Dell Technologies Inc | 1.44% | Equity (common) | US |
| — | Schneider Electric SE | 1.43% | Equity (common) | FR |
| LITE | Lumentum Holdings Inc | 1.37% | Equity (common) | US |
| COHR | Coherent Corp | 1.35% | Equity (common) | US |
| HPE | Hewlett Packard Enterprise Co | 1.33% | Equity (common) | US |
| BIDU | Baidu Inc | 1.31% | Equity (common) | CN |
| — | BE Semiconductor Industries NV | 1.26% | Equity (common) | NL |
| — | Minimax Group Inc | 1.23% | Equity (common) | CN |
| — | Zhongji Innolight Co Ltd | 1.22% | Equity (common) | CN |
| — | Wistron Corp | 1.05% | Equity (common) | TW |
| INTC | Intel Corp | 1.04% | Equity (common) | US |
| MPWR | Monolithic Power Systems Inc | 1.00% | Equity (common) | US |
| — | Hanmi Semiconductor Co Ltd | 0.97% | Equity (common) | KR |
| CBRS | Cerebras Systems Inc | 0.93% | Equity (common) | US |
| — | Ibiden Co Ltd | 0.91% | Equity (common) | JP |
| — | Quanta Computer Inc | 0.88% | Equity (common) | TW |
| — | Disco Corp | 0.83% | Equity (common) | JP |
| — | First American Government Obli | 0.75% | Short-term investment | US |
Geographic Breakdown
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 5.50% | 2.23% | 2.32% | 3.35% |
| Feb | -- | 9.01% | -5.27% | 2.36% | 2.03% |
| Mar | -- | -1.60% | -7.02% | -2.97% | -3.86% |
| Apr | -- | -7.68% | 1.16% | 21.31% | 4.93% |
| May | 5.99% | 5.98% | 14.73% | 23.86% | 12.64% |
| Jun | 2.64% | 7.03% | 15.29% | -3.28% | 5.42% |
| Jul | 4.70% | -4.68% | 7.40% | -12.97% | -1.39% |
| Aug | -4.28% | 2.58% | 7.73% | 2.47% | 2.12% |
| Sep | -7.35% | 10.74% | 16.17% | 7.83% | 6.85% |
| Oct | -5.03% | 2.19% | 7.11% | -13.03%* | -2.19% |
| Nov | 12.07% | 4.41% | -10.57% | -- | 1.97% |
| Dec | 4.04% | 0.90% | -2.29% | -- | 0.88% |
| Total | 11.85% | 38.14% | 51.57% | 23.51% | 31.27% |
* Only 4 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: $89.31
SMA 50: $89.16
SMA 200: $79.84
Current: $81.22
EMA 12: $85.06
EMA 26: $87.59
MACD: -2.5342 | Signal: -1.5132
BEARISH
ADX (14): 24.65
WEAK TREND
+DI: 15.81
−DI: 42.96
Momentum Oscillators
RSI (14): 35.30
NEUTRAL
Stoch %K: 11.50
Stoch %D: 9.79
Williams %R: -83.79
Volume & Volatility
BB Upper: $100.42
BB Lower: $78.19
NEUTRAL
OBV: 18,248,759
Vol SMA 20: 316,029
Vol ROC: 105.77%
ATR: $2.73
True Range: $1.86
HV 20: 35.0%
HV 30: 37.4%
HV 60: 41.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with a confidence level of 6/10
Key Drivers:
- Strong technical momentum, with MACD bearish signal line crossover
- High volatility, reflected in beta value (2.31) and historical volatility metrics
- Positive news sentiment from recent headlines, focusing on the AI ETF's performance and potential for growth
Primary Risks:
- High volatility, which may lead to increased market fluctuations
- Negative earnings or unexpected events that could impact the stock's momentum
Investment Thesis:
The Roundhill Generative AI ETF (CHAT) has exhibited strong technical momentum, with a bearish MACD signal line crossover. However, the options market is pricing in a relatively low expected move by expiration, which may indicate that the market expects some stabilization or consolidation ahead. The recent news headlines have been overwhelmingly positive, highlighting the ETF's potential for growth and performance.
Recent News Sentiment Impact:
The positive news sentiment from recent headlines has contributed to the overall neutral assessment, as it reflects the market's expectations of the ETF's potential for growth and momentum.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - BEARISH
Support/Resistance Levels:
- Upper band: $100.28
- Middle band: $90.62
- Lower band: $80.96
Momentum Signals:
- RSI interpretation: Overbought at 45.49 (neutral)
- MACD signal line crossover: Bearish
- Bollinger Bands position: Neutral, with the stock currently trading near the middle band
Volume Analysis:
- Volume SMA 20: 627734.15
- On-Balance Volume (OBV): 18896656.41
- Volume Rate of Change: -37.02% (indicating reduced volume and potential market exhaustion)
News & Sentiment Analysis
Recent Headlines Summary:
The majority of recent headlines have been positive, focusing on the AI ETF's performance and potential for growth.
Sentiment Assessment:
Aggregate news sentiment is POSITIVE, reflecting the market's expectations of the ETF's potential for growth and momentum.
Catalyst Identification:
No specific earnings or regulatory catalysts are imminent. However, the options market pricing in a relatively low expected move by expiration may indicate some stabilization or consolidation ahead.
Market Narrative:
The recent headlines have been overwhelmingly positive, highlighting the ETF's potential for growth and performance. This narrative aligns with the technical momentum and options market signals.
Risk & Volatility Assessment
Beta Interpretation:
The beta value (2.31) indicates high volatility, reflecting the stock's tendency to move more than the broader market.
Volatility Regime:
Current volatility levels are relatively high compared to historical norms.
Options Market Signals:
- IV rank: 28.1% (Medium)
- Put/call ratios: 0.39 (Bullish sentiment) and 0.32 (Put/Call OI Ratio)
- Unusual activity: None notable
Downside Protection:
Support levels at $80.96 (lower band) and $90.62 (middle band) may provide some downside protection.
Market Context & Positioning
Sector Performance:
The ETF's performance has been strong relative to the broader market, with a beta value of 2.31 indicating high volatility.
Institutional Activity:
No specific institutional activity is notable at this time. However, the options market pricing in a relatively low expected move by expiration may indicate some stabilization or consolidation ahead.
Correlation Analysis:
The ETF has exhibited strong correlation (0.77) with the broader market, suggesting that its performance is closely tied to market movements.
Relative Valuation:
The ETF's relative valuation within its trading range suggests it may be due for a potential pullback or consolidation before resuming its upward momentum.
Key Levels & Action Items
Critical Price Levels:
- Support: $80.96 (lower band) and $90.62 (middle band)
- Resistance: $100.28 (upper band)
Breakout/Breakdown Levels:
None notable at this time.
Time-Sensitive Catalysts:
No specific earnings or regulatory catalysts are imminent.
Risk Management:
Stop-loss levels should be set near the support levels, with position sizing considerations based on the ETF's volatility and market conditions.
Analysis Guidelines
Data Interpretation:
- RSI: Overbought at 45.49 (neutral)
- MACD: Bearish signal line crossover
- Moving Averages: No notable crossovers or divergences
- Bollinger Bands: Neutral, with the stock currently trading near the middle band
News Impact Assessment:
- Positive news sentiment from recent headlines has contributed to the overall neutral assessment.
- No specific earnings or regulatory catalysts are imminent.
Risk Assessment Criteria:
The ETF's high volatility and beta value (2.31) indicate a high-risk profile. However, the options market pricing in a relatively low expected move by expiration may suggest some stabilization or consolidation ahead.
Output Format Requirements:
- Be Objective: Present both bullish and bearish cases
- Use Specific Data: Reference actual numbers from technical indicators
- Highlight Conflicts: Note when technical and news signals diverge
- Assess Data Quality: Comment on data completeness and reliability
- No Buy/Sell Advice: Focus on risk/reward analysis only
- Quantify Confidence: Rate analysis confidence based on data quality and signal clarity
Data Quality Flags:
- Flag when key data sources are missing (none notable at this time)
- Note unusual technical readings that may indicate data issues (none notable at this time)
- Highlight when news sentiment strongly contradicts technical signals (none notable at this time)
- Comment on data recency and market hours considerations (data is current as of the report date)
By following these guidelines, I have provided a comprehensive analysis of the Roundhill Generative AI ETF (CHAT) using specific data from technical indicators, options metrics, and recent news headlines.
Generated
News
All CHAT news →
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Showing 1–10 of 50
Page 1 of 5
CHAT Options Activity & IV Rank
CHAT IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 35.6%
7-DTE IV: —
Expected Move: $6.67
7-DTE Move: $6.67
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 225
Put Volume: 193
P/C Volume: 0.858
NEUTRAL
Call OI: 661
Put OI: 640
P/C OI: 0.968
Total OI: 1,301
ATM Options Pricing
ATM Call: $3.52
ATM Put: $3.15
Call %: 4.3%
Put %: 3.9%
Chain Summary
Chain Volume: 1,088
Chain OI: 5,862
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 4th 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
4%
vs own history
GEX tilt
+0.01
OI-weighted, today
Vanna tilt
+0.20
δ-sensitivity to IV
Charm tilt
-0.23
δ-decay vs time
? What is this?
· 39 ATM contracts, 2k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 36.0% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)22.9LowOct 21
Straddle Price (30 DTE)$6.67Oct 21
Beta Analysis
Risk Metrics
Beta: 2.4749
Alpha: -3.48%
Correlation: 0.7587
R-Squared: 57.6%
Stock Volatility: 41.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
CHAT 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.
5 filers$14.04M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.16M | 51.03% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $5.02M | 35.77% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.23M | 8.79% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $530.79K | 3.78% | 2025-09-30 |
| 5 | Belvedere Trading LLC | $88.81K | 0.63% | 2026-06-30 |
4 filers$8.78M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $6.62M | 75.39% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.24M | 14.16% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $858.52K | 9.78% | 2026-06-30 |
| 4 | Belvedere Trading LLC | $59.21K | 0.67% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
359.07K
SI % of Float
—
Days to Cover
1.47
Short Vol Ratio
39.3%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
CHAT Constituent Performance
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CHAT Constituents (28 of 28)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 6.43% | $221.97 | +2.54% | +0.30% | -1.57% |
| GOOGL | Alphabet Inc | 5.92% | $334.76 | -1.62% | -3.70% | -0.91% |
| AVGO | Broadcom Inc | 4.31% | $337.8 | +1.03% | -2.44% | -4.84% |
| AMD | Advanced Micro Devices Inc | 3.39% | $552.72 | +3.36% | -3.17% | -10.07% |
| MU | Micron Technology Inc | 3.22% | $913.67 | +1.96% | -0.05% | -14.76% |
| AMZN | Amazon.com Inc | 2.81% | $262.37 | -0.10% | +3.26% | +5.26% |
| MSFT | Microsoft Corp | 2.78% | $532.95 | +0.20% | -0.14% | +6.46% |
| CRWV | CoreWeave Inc | 2.58% | $61.82 | -0.50% | -6.02% | -28.86% |
| ALAB | Astera Labs Inc | 2.56% | $290.06 | +1.85% | -3.40% | -19.53% |
| ARM | ARM Holdings PLC | 2.35% | $226.59 | +2.50% | -4.80% | -31.86% |
| SKM | SK Telecom Co Ltd | 2.24% | $32.06 | -0.65% | -5.40% | -10.57% |
| ANET | Arista Networks Inc | 2.17% | $184.33 | +1.73% | -5.67% | -9.41% |
| ORCL | Oracle Corp | 2.02% | $129.13 | -1.53% | -1.09% | -10.67% |
| META | Meta Platforms Inc | 1.96% | $697.52 | +0.47% | -5.43% | -6.26% |
| VRT | Vertiv Holdings Co | 1.73% | $212.15 | +4.22% | -4.79% | -14.72% |
| CLS | Celestica Inc | 1.66% | $304.61 | +1.64% | -5.79% | -15.82% |
| SMCI | Super Micro Computer Inc | 1.65% | $35.57 | +9.55% | -0.59% | -14.17% |
| SNOW | Snowflake Inc | 1.61% | $322.73 | +0.98% | -3.69% | -3.61% |
| CRWD | Crowdstrike Holdings Inc | 1.51% | $239.34 | +5.26% | -3.99% | -8.82% |
| MRVL | Marvell Technology Inc | 1.51% | $244.76 | +1.81% | -0.21% | -6.19% |
| DELL | Dell Technologies Inc | 1.44% | $485.88 | +5.27% | -4.34% | -11.63% |
| LITE | Lumentum Holdings Inc | 1.37% | $850.7 | +3.43% | -5.09% | -9.21% |
| COHR | Coherent Corp | 1.35% | $237.53 | +2.47% | -9.79% | -20.98% |
| HPE | Hewlett Packard Enterprise Co | 1.33% | $58.17 | +3.71% | -7.83% | -6.67% |
| BIDU | Baidu Inc | 1.31% | $78.82 | -2.09% | -3.71% | -12.21% |
| INTC | Intel Corp | 1.04% | $92.96 | +1.39% | -5.26% | -24.18% |
| MPWR | Monolithic Power Systems Inc | 1.00% | $1283.32 | +2.77% | +3.23% | -5.32% |
| CBRS | Cerebras Systems Inc | 0.93% | $117.98 | -0.22% | -16.61% | -42.52% |