BenzingaT3·8mo ago
EWX State Street SPDR S&P Emerging Markets Small Cap ETF
ETF 68.05 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.
EWX
$68.05
—
Key stats
$68.05
- 52-Week Range
- $64.18 – $76.61
- YTD
- +2.58%
- IV Rank (30D)
- 29.34
- Straddle Price
- $0.00
- Open
- $68.22
- Day Range
- $67.92 – $68.24
- Volume
- 19,933
- Prev Close
- $69.66
About
State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2008-05-12
- Has Options
- Yes
- Homepage
- https://www.ssga.com/us/en/individual/etfs
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
International Equity
Emerging Markets#33 of 109 by assets
State Street SPDR
Emerging Markets
Index-tracking
- Expense ratio
- 0.65% issuer, Oct 22, 2026
- Assets
- $649M issuer-reported, Oct 20, 2026
- Trailing yield
- 2.65% paid semi-annual
- Average daily volume
- $1.3M 30 sessions
- Holdings
- 3,555 top 10 are 1.8%
- Listed
- May 12, 2008 NYSE Arca
- Net asset value
- $69.77 issuer, Oct 20, 2026 · closed +0.10% to NAV
- Median bid/ask spread
- 0.17% 30 days, issuer-reported
- 30-day SEC yield
- 2.13% issuer
- Tracking difference
- +0.73 pts vs index, after fees, FY 2025
Cost25
Liquidity37
Scale67
Diversification100
Moves with. US large-cap stocks (41% of its variance, beta 0.78); Emerging markets over US (35% of its variance, beta 0.49). These factors explain 78% of its daily moves over the last year.
Stated objective. The State Street SPDR S&P Emerging Markets Small Cap ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the small capitalization segment of global emerging market countries. (from the fund's prospectus)
All 3,555 holdingsFlow historySimilar fundsOverlap toolAll Emerging Markets ETFs
Fund flows
daily as of Oct 19, 2026issuer datathrough Jun 2026SEC filings- Oct 19, 2026
- $0 latest day
- Latest 5 trading days
- $0
- Latest 21 trading days
- −$29M −4.5% of assets
- Year to date
- −$142M −$109M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | $0 |
| Sep 22, 2026 | $0 |
| Sep 21, 2026 | −$29M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- $0 latest reported month
- Latest 3 months
- −$50M −6.8% of assets
- Latest 12 months
- −$96M −13.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | $0 |
| May 2026 | $0 |
| Apr 2026 | −$50M |
| Mar 2026 | −$13M |
| Feb 2026 | −$34M |
| Jan 2026 | $0 |
| Dec 2025 | $0 |
| Nov 2025 | +$34M |
| Oct 2025 | $0 |
| Sep 2025 | +$177K |
| Aug 2025 | −$20M |
| Jul 2025 | −$13M |
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 | |
|---|---|---|---|---|---|
| EEMSiShares MSCI Emerging Markets Small-Cap ETF | 28% | 0.72% | $376M | +7.0% | compare |
| AVEEAvantis Emerging Markets Small Cap Equity ETF | 27% | 0.42% | $141M | +4.8% | compare |
| DGSWisdomTree Emerging Markets SmallCap Dividend Fund | 17% | 0.58% | $1.7B | +9.4% | compare |
| VSSVanguard FTSE All-World EX-US Small-Cap Index Fund | 15% | 0.06% | $11.4B | +6.8% | compare |
| TLTENorthern Trust Morningstar Emerging Markets Factor Tilt ETF | 14% | 0.57% | $337M | +13.7% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- Reporting earnings
- 0.2% of weight in 7 days; 0.5% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.02%
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
Oct 19, 2026 → Oct 20, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | ENERGI MEGA PERSADA TBK PT | 0.07% | 0.11% | +50.0% |
0 new, 0 exited, 1 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.0%. Full holdings and history
Under the hood
fiscal year to Sep 30, 2025SEC census- Authorized participants
- 3 active of 41 with agreements; top 3 did 100%
- Created · redeemed
- $55M · $153M over the fiscal year
- Redemptions in kind
- 33% creations 0% in kind
- Creation unit
- 100,000 shares
- Securities lending
- 11.31% of assets on loan on average; earned 57.2 bp
- Return vs index
- +0.73 pts after fees; +1.45 before; daily s.d. 4.79
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 2026-10-20
Holdings
3555
AUM
$648.8M
Provider
SPDR (State Street)
Inception
2008-05-12
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.65%
Dividend Yield
2.65%
Distribution
Semi-Annually
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-22 | 2026-06-26 | $0.5714 | CD |
| 2025-12-22 | 2025-12-29 | $1.2725 | CD |
| 2025-06-23 | 2025-06-27 | $0.6356 | CD |
| 2024-12-23 | 2024-12-30 | $1.2543 | CD |
| 2024-06-24 | 2024-06-28 | $0.4479 | CD |
| 2023-12-18 | 2023-12-27 | $0.8270 | CD |
Asset Allocation
Top Holdings
top 50 of 3555 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | SSI US GOV MONEY MARKET CLASS | 0.26% | Cash/Money Market | — |
| — | FULLTECH FIBER GLASS CORP | 0.22% | Equity (Foreign) | TW |
| — | TAIWAN SURFACE MOUNTING TECH | 0.20% | Equity (Foreign) | — |
| — | XTEP INTERNATIONAL HOLDINGS | 0.19% | Equity (Foreign) | — |
| FFB | FORTRESS REAL EST INV LTD B | 0.17% | Equity (Foreign) | ZA |
| ADH | ADVTECH LTD | 0.17% | Equity (Foreign) | AU |
| — | TOPOINT TECHNOLOGY CO LTD | 0.17% | Equity (Foreign) | TW |
| AVI | AVI LTD | 0.17% | Equity (Foreign) | ZA |
| SAPR11 | CIA DE SANEAMENTO DO PA UNIT | 0.17% | Equity (Foreign) | BR |
| — | ALPEK SA DE CV | 0.17% | Equity (Foreign) | MX |
| CYRE3 | CYRELA BRAZIL REALTY SA EMP | 0.16% | Equity (Foreign) | BR |
| — | TATUNG CO LTD | 0.16% | Equity (Foreign) | TW |
| — | GENERTEC UNIVERSAL MEDICAL G | 0.16% | Equity (Foreign) | — |
| NIND | NATIONAL INDUSTRIES GRP HOLD | 0.15% | Equity (Foreign) | KW |
| — | TA LIANG TECHNOLOGY CO LTD | 0.15% | Equity (Foreign) | TW |
| GGPS3 | GPS PARTICIPACOES E EMPREEND | 0.14% | Equity (Foreign) | BR |
| CROMPTON | CROMPTON GREAVES CONSUMER EL | 0.14% | Equity (Foreign) | IN |
| — | POYA INTERNATIONAL CO LTD | 0.14% | Equity (Foreign) | TW |
| — | DYNAPACK INTERNATIONAL TECH | 0.14% | Equity (Foreign) | — |
| BURSA | BURSA MALAYSIA BHD | 0.14% | Equity (Foreign) | MY |
| — | SOLAR APPLIED MATERIALS TECH | 0.14% | Equity (Foreign) | — |
| — | MAKALOT INDUSTRIAL CO LTD | 0.14% | Equity (Foreign) | TW |
| GESCO | GREAT EASTERN SHIPPING CO F | 0.14% | Equity (Foreign) | — |
| — | IBF FINANCIAL HOLDINGS CO LT | 0.13% | Equity (Foreign) | — |
| — | BRAZILIAN REAL | 0.13% | Cash/Money Market | BR |
| ABMB | ALLIANCE BANK MALAYSIA BHD | 0.13% | Equity (Foreign) | MY |
| MDV | MODIVO SA | 0.13% | Equity (Foreign) | PL |
| — | MEGACABLE HOLDINGS CPO | 0.13% | Equity (Foreign) | MX |
| — | SYSTEX CORP | 0.13% | Equity (Foreign) | TW |
| E2E | E2E NETWORKS LTD | 0.13% | Equity (Foreign) | — |
| CARTRADE | CARTRADE TECH LTD | 0.12% | Equity (Foreign) | IN |
| SUNREIT | SUNWAY REAL ESTATE INVESTMEN | 0.12% | Equity (Foreign) | MY |
| OMN | OMNIA HOLDINGS LTD | 0.12% | Equity (Foreign) | ZA |
| MTH | MOTUS HOLDINGS LTD | 0.12% | Equity (Foreign) | ZA |
| — | TUNG HO STEEL ENTERPRISE COR | 0.12% | Equity (Foreign) | — |
| KGB | KELINGTON GROUP BHD | 0.12% | Equity (Foreign) | MY |
| — | CHINA FOODS LTD | 0.12% | Equity (Foreign) | CN |
| — | WISDOM MARINE LINES CO LTD | 0.12% | Equity (Foreign) | — |
| TFG | THE FOSCHINI GROUP LTD | 0.12% | Equity (Foreign) | ZA |
| TTCH | TATA CHEMICALS LTD | 0.12% | Equity (Foreign) | IN |
| — | LA COMER SAB DE CV | 0.12% | Equity (Foreign) | MX |
| — | SUNAC CHINA HOLDINGS LTD | 0.12% | Equity (Foreign) | — |
| — | CHINASOFT INTERNATIONAL LTD | 0.12% | Equity (Foreign) | — |
| — | ASCENTAGE PHARMA GROUP INTER | 0.12% | Equity (Foreign) | — |
| DCP | DIS CHEM PHARMACIES PTY LTD | 0.12% | Equity (Foreign) | ZA |
| GRAN | GRANULES INDIA LTD | 0.12% | Equity (Foreign) | IN |
| — | GUDENG PRECISION INDUSTRIAL | 0.11% | Equity (Foreign) | TW |
| ENRG | ENERGI MEGA PERSADA TBK PT | 0.11% | Equity (Foreign) | ID |
| COGN3 | COGNA EDUCACAO | 0.11% | Equity (Foreign) | BR |
| CSMG3 | CIA SANEAMENTO MINAS GERAIS | 0.11% | Equity (Foreign) | BR |
Geographic Breakdown
Non-Equity Breakdown
State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$733M
· 3398 total positions
· equity 99.69%
· non-equity 2.23%
Non-equity holdings
— 13 positions,
2.23% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 2.07% | $15.2M | 3 |
| Derivative (equity) | 0.10% | $705686 | 9 |
| Other | 0.07% | $476955 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -1.95% | -3.36% | 5.41% | -3.21% | -1.94% | 1.98% | -0.51% |
| Feb | 4.58% | -2.37% | -3.98% | 2.66% | 0.14% | 3.16% | 0.70% |
| Mar | -0.31% | 1.47% | -1.00% | -1.52% | 0.07% | -3.98% | -0.88% |
| Apr | 4.93% | -7.69% | 0.04% | 0.71% | -1.21% | 10.52% | 1.22% |
| May | 1.76% | 0.16% | 0.69% | 1.18% | 5.86% | 2.26% | 1.99% |
| Jun | 1.57% | -7.82% | 2.02% | 0.02% | 3.76% | -1.70% | -0.36% |
| Jul | -1.80% | 3.10% | 4.40% | 0.24% | 0.60% | -8.34% | -0.30% |
| Aug | 0.68% | 1.54% | -0.55% | 2.30% | 5.96% | 7.38% | 2.88% |
| Sep | -3.74% | -8.50% | -2.09% | 7.61% | 2.50% | -2.96% | -1.20% |
| Oct | 0.66% | -1.66% | -3.07% | -1.95% | -0.28% | -3.69%* | -1.67% |
| Nov | -2.07% | 9.66% | 7.51% | 0.09% | -1.72% | -- | 2.69% |
| Dec | 1.25% | -3.34% | 0.48% | -4.33% | -0.07% | -- | -1.20% |
| Total | 5.31% | -18.53% | 9.61% | 3.33% | 14.10% | 3.23% | 2.84% |
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: $70.82
SMA 50: $71.87
SMA 200: $70.79
Current: $68.05
EMA 12: $70.08
EMA 26: $70.84
MACD: -0.7532 | Signal: -0.2693
BEARISH
ADX (14): 19.44
RANGE
+DI: 21.09
−DI: 49.86
Momentum Oscillators
RSI (14): 29.87
OVERSOLD
Stoch %K: 11.09
Stoch %D: 9.52
Williams %R: -96.90
Volume & Volatility
BB Upper: $72.89
BB Lower: $68.74
OVERSOLD
OBV: 1,116,456
Vol SMA 20: 16,304
Vol ROC: 51.91%
ATR: $0.73
True Range: $1.74
HV 20: 13.2%
HV 30: 13.7%
HV 60: 14.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report: EWX
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10)
Key Drivers:
- Technical indicators suggest a neutral-to-bullish trend, with MACD showing bullish momentum
- Recent news headlines are generally neutral, with no significant market-moving events
- Options activity indicates moderate volatility and bearish sentiment
Primary Risks:
- Volatility regime: Moderate volatility - stock generally follows market
- Beta: 1.00 (vs SPY) - moderately correlated with the broader market
Investment Thesis: EWX is a mid-cap stock with a neutral-to-bullish technical bias, moderate volatility, and bearish options sentiment. While there are no imminent catalysts or significant market-moving events, the stock's recent price action suggests a potential range-bound environment.
Recent News Sentiment Impact: Neutral (no significant impact on the stock's price action)
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL
- Medium-term (1-3 months): BULLISH
- Long-term (3-12 months): NEUTRAL
Support/Resistance Levels:
- SMA 20: $72.86 (resistance)
- SMA 50: $71.46 (support)
- Upper Bollinger Band: $74.45 (resistance)
Momentum Signals:
- RSI interpretation: Neutral (50.73) - neither overbought nor oversold
- MACD signal: Bullish (0.61) - above signal line and histogram
- Bollinger Bands position: Neutral (signal) - no significant mean reversion or breakout
Volume Analysis:
- Volume SMA 20: 30626.50 - relatively high volume in the past few weeks
- On-Balance Volume (OBV): 1412519.77 - OBV trending upwards, indicating accumulation
News & Sentiment Analysis
Recent Headlines Summary:
- Neutral news headlines, with no significant market-moving events or catalysts
Sentiment Assessment: NEUTRAL (aggregate sentiment of the recent news articles)
Catalyst Identification:
- None imminent or significant in the near term
Market Narrative:
- Recent price action suggests a potential range-bound environment, with technical indicators and options activity indicating moderate volatility and bearish sentiment.
Risk & Volatility Assessment
Risk Assessment Criteria: Medium Risk (beta 1.00, moderate volatility)
Beta Interpretation:
- Beta of 1.00 indicates the stock's price is moderately correlated with the broader market (SPY)
Volatility Regime:
- Moderate volatility - stock generally follows market
Options Market Signals:
- IV Rank: 45.0% (Medium) - shows if volatility is historically high/low
- Current IV: 38.0%
- Expected Move: $3.90 (35 DTE), 7-DTE: $2.67 - options market pricing a moderate move by expiration
Downside Protection:
- Support levels: SMA 50 ($71.46) and Bollinger Band Lower ($71.26)
- Risk management considerations: Consider stop-loss levels around SMA 20 or Bollinger Band Upper, depending on the investor's risk tolerance.
Market Context & Positioning
Market Performance:
- Sector performance: Neutral (EWX's sector is performing in line with the broader market)
Institutional Activity:
- Volume patterns suggesting institutional interest: Moderate volume flow and open interest in options contracts
Correlation Analysis:
- Correlation with SPY: 0.73 - moderately correlated with the broader market
Relative Valuation:
- Relative position within trading range: Neutral - EWX is trading near its historical average price.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($72.86) - resistance
- SMA 50 ($71.46) - support
- Upper Bollinger Band ($74.45) - resistance
Breakout/Breakdown Levels:
- None imminent or significant in the near term
Time-Sensitive Catalysts:
- Earnings dates: None available
- Product launches: None announced
Risk Management:
- Stop-loss levels: Consider setting stop-loss around SMA 20 or Bollinger Band Upper, depending on the investor's risk tolerance.
- Position sizing considerations: Adjust position size based on volatility and market conditions.
This comprehensive analysis provides a neutral-to-bullish technical bias, moderate volatility, and bearish options sentiment for EWX. While there are no imminent catalysts or significant market-moving events, the stock's recent price action suggests a potential range-bound environment.
Generated
News
All EWX news →
Investing.comT3·40mo ago
Seeking AlphaT3·53mo ago
Seeking AlphaT3·58mo ago
The Motley FoolT3·66mo ago
EWX Options Activity & IV Rank
EWX IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 23.2%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 0
Chain OI: 0
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 1st 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
1%
vs own history
GEX tilt
+0.74
OI-weighted, today
Vanna tilt
+0.93
δ-sensitivity to IV
Charm tilt
-0.94
δ-decay vs time
Vanna tilt +0.93: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.94: 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 24.2% / 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)29.3MediumOct 22
Straddle Price (30 DTE)$0.00Oct 22
Beta Analysis
Risk Metrics
Beta: 1.0180
Alpha: -11.50%
Correlation: 0.7309
R-Squared: 53.4%
Stock Volatility: 17.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
EWX 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$2.55M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $2.55M | 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
288.50K
SI % of Float
3.10%
Days to Cover
15.30
Short Vol Ratio
59.5%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|