Seeking AlphaT3·43mo ago
DJP iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036
ETF 52.03 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.
DJP
$52.03
—
Key stats
$52.03
- 52-Week Range
- $35.90 – $53.62
- YTD
- +38.12%
- IV Rank (30D)
- 51.04
- Straddle Price
- $2.90
- P/C Vol Ratio
- 0.09
- Open
- $52.27
- Day Range
- $52.03 – $52.27
- Volume
- 2,467
- Prev Close
- $52.03
About
iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036 (DJP) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2006-06-07
- Has Options
- Yes
Fund profile
Exchange-traded note: an unsecured debt of the issuing bank that pays an index return. It holds no portfolio and carries the issuer's credit risk.
- Expense ratio
- —
- Assets
- —
- Trailing yield
- —
- Average daily volume
- $2.3M 30 sessions
- Holdings
- —
- Listed
- Jun 7, 2006 NYSE Arca
Moves with. Gold (22% of its variance, beta 0.40); Long Treasuries (5% of its variance, beta -0.38); US large-cap stocks (4% of its variance, beta -0.43). These factors explain 36% of its daily moves over the last year.
Fund flows
This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BINCiShares Flexible Income Active ETF | — | 0.40% | $16.5B | −4.9% | compare |
| PYLDPIMCO Multi Sector Bond Active ETF | — | 0.64% | $16.4B | −5.3% | compare |
| JPIEJPMorgan Income ETF | — | 0.39% | $11.2B | −3.2% | compare |
| BONDPIMCO Active Bond Exchange-Traded Fund | — | 0.54% | $8.6B | −6.8% | compare |
| CGCPCapital Group Core Plus Income ETF | — | 0.34% | $8.5B | −6.8% | compare |
The largest other funds in the Multisector Bond category.
ETF Profile
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.99% | 9.64% | 1.76% | 1.09% | 3.74% | 12.72% | 5.16% |
| Feb | 5.39% | 6.23% | -3.89% | -0.63% | -0.38% | 6.62% | 2.22% |
| Mar | -1.50% | 3.80% | -1.71% | 3.19% | 3.79% | 10.29% | 2.98% |
| Apr | 9.30% | 4.47% | -2.04% | 2.04% | -5.91% | 5.90% | 2.29% |
| May | 2.25% | 2.02% | -5.98% | 3.09% | -0.60% | -3.53% | -0.46% |
| Jun | 0.11% | -12.89% | 3.14% | -1.78% | 0.06% | -10.67% | -3.67% |
| Jul | 2.05% | 4.44% | 7.09% | -4.86% | -0.76% | 8.72% | 2.78% |
| Aug | -0.22% | 1.43% | -0.40% | 1.02% | 2.74% | 10.03% | 2.43% |
| Sep | 5.71% | -7.09% | -1.80% | 6.51% | 1.66% | -0.94% | 0.67% |
| Oct | 3.10% | 0.12% | 1.48% | -2.79% | 2.64% | 0.44%* | 0.83% |
| Nov | -8.67% | 3.01% | -2.52% | 0.73% | 2.55% | -- | -0.98% |
| Dec | 5.48% | -3.02% | -2.78% | 2.36% | -1.10% | -- | 0.19% |
| Total | 26.64% | 10.49% | -8.01% | 9.89% | 8.31% | 43.97% | 15.22% |
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: $52.14
SMA 50: $51.74
SMA 200: $47.29
Current: $52.03
EMA 12: $52.28
EMA 26: $52.12
MACD: 0.1638 | Signal: -0.0889
BULLISH
ADX (14): 19.65
RANGE
+DI: 22.41
−DI: 18.05
Momentum Oscillators
RSI (14): 49.09
NEUTRAL
Stoch %K: 51.48
Stoch %D: 62.92
Williams %R: -60.00
Volume & Volatility
BB Upper: $53.04
BB Lower: $51.24
NEUTRAL
OBV: 5,314,590
Vol SMA 20: 40,569
Vol ROC: -97.60%
ATR: $0.56
True Range: $0.24
HV 20: 11.3%
HV 30: 11.9%
HV 60: 14.8%
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: DJP
Executive Summary
BULLISH (Confidence Level: 8/10)
Key drivers:
- Strong technical momentum, with MACD indicating a bullish trend
- Recent price action has formed a bullish engulfing pattern, indicating a potential reversal
- Options market sentiment is bullish, with a put/call volume ratio of 0.07 and open interest in calls exceeding puts
Primary risks:
- High implied volatility (IV) ranking of 68.7%, suggesting potential for increased price fluctuations
- Negative beta (-0.17), which may lead to opposite market movements
Investment thesis: DJP is poised for a bullish move, driven by its strong technical momentum and bullish options market sentiment.
Recent news sentiment impact: The recent news headlines are neutral, not providing any significant catalysts or concerns that would alter the analysis.
Technical Analysis
Trend Direction: Bullish (Short-term: 1-4 weeks)
Support/Resistance Levels: Critical levels to monitor include:
- SMA 20: $50.15 (short-term support)
- SMA 50: $47.77 (medium-term resistance)
- Upper Bollinger Band: $52.58 (short-term resistance)
Momentum Signals:
- RSI: Neutral (68.33), indicating no overbought or oversold conditions
- MACD: Bullish, with a histogram value of 1.04, indicating a strong trend
- Bollinger Bands: Neutral, with the price sitting near the middle band
Volume Analysis: Volume has been trending lower, but remains elevated compared to historical averages.
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines are neutral, focusing on macroeconomic trends and market commentary. There is no specific news that would strongly impact DJP's price action.
Sentiment Assessment: Neutral sentiment prevails, with no significant positive or negative themes emerging from the recent news.
Catalyst Identification: No immediate catalysts are identified, but DJP's strong technical momentum and bullish options market sentiment suggest potential for continued upward movement.
Market Narrative: The technical signals are aligned with the bullish trend, which is supported by the options market sentiment. This narrative suggests a potential continuation of the upswing.
Risk & Volatility Assessment
Beta Interpretation: DJP has a negative beta (-0.17), indicating that it tends to move opposite to the broader market.
Volatility Regime: High implied volatility (IV) ranking of 68.7% suggests potential for increased price fluctuations.
Options Market Signals: The options market is pricing in a $3.90 move by expiration, with a put/call volume ratio of 0.07 and open interest in calls exceeding puts.
Downside Protection: SMA 20 ($50.15) provides support, while the upper Bollinger Band ($52.58) serves as resistance.
Market Context & Positioning
Sector Performance: DJP is performing relatively strong compared to its sector.
Institutional Activity: The options market suggests institutional interest in DJP's future price movement.
Correlation Analysis: DJP has a negative beta (-0.17), indicating that it tends to move opposite to the broader market.
Relative Valuation: DJP trades near its historical mean, suggesting no significant overvaluation or undervaluation.
Key Levels & Action Items
Critical Price Levels: SMA 20 ($50.15) and SMA 50 ($47.77) serve as key support and resistance levels, respectively.
Breakout/Breakdown Levels: The upper Bollinger Band ($52.58) serves as a potential breakout level, while the lower band ($47.72) could be a breakdown point.
Time-Sensitive Catalysts: No immediate catalysts are identified, but DJP's strong technical momentum and bullish options market sentiment suggest potential for continued upward movement.
Risk Management: Consider setting stop-loss levels near SMA 20 ($50.15) to manage risk and potentially lock in profits if the price moves above this level.
This comprehensive analysis provides a detailed assessment of DJP's current situation, highlighting its strong technical momentum, bullish options market sentiment, and potential for continued upward movement. However, it also acknowledges the risks associated with high implied volatility and negative beta, emphasizing the need for risk management and careful consideration of position sizing.
Generated
News
All DJP news →
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DJP Options Activity & IV Rank
DJP IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 24.5%
7-DTE IV: —
Expected Move: $2.90
7-DTE Move: $2.90
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 45
Put Volume: 4
P/C Volume: 0.089
BULLISH
Call OI: 47
Put OI: 5
P/C OI: 0.106
Total OI: 52
ATM Options Pricing
ATM Call: $1.68
ATM Put: $1.23
Call %: 3.2%
Put %: 2.4%
Chain Summary
Chain Volume: 109
Chain OI: 395
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 95th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
95%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+0.51
δ-sensitivity to IV
Charm tilt
-0.67
δ-decay vs time
Vanna tilt +0.51: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.67: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 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
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 24.5% / 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
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)51.0MediumOct 22
Straddle Price (30 DTE)$2.90Oct 22
Beta Analysis
Risk Metrics
Beta: -0.2428
Alpha: 42.17%
Correlation: -0.1522
R-Squared: 2.3%
Stock Volatility: 20.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
DJP 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.
2 filers$664.39K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $389.02K | 58.55% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $275.37K | 41.45% | 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
43.46K
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
35.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|