FBL GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF
ETF 32.12 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. 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.
- 52-Week Range
- $17.43 – $45.83
- YTD
- +1.65%
- IV Rank (30D)
- 72.63
- Straddle Price
- $3.60
- P/C Vol Ratio
- 1.46
GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF (FBL) ETF
- Exchange
- XNAS
- Inception
- 2022-12-12
- Has Options
- Yes
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-29 | 2025-12-31 | $0.6742 | CD |
| 2023-12-27 | 2023-12-29 | $40.0223 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Clear Street | 70.96% | Derivative (equity) | US |
| — | Goldman Sachs | 58.51% | Derivative (equity) | US |
| — | Cowen Group | 52.80% | Derivative (equity) | US |
| — | Treasury Bill | 22.39% | Debt | US |
| — | Morgan Stanley | 17.65% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 199.92% | $758.9M | 4 |
| US Treasury | 22.39% | $85.0M | 1 |
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +23.58% | 4 |
| Feb | +12.97% | 4 |
| Mar | -5.53% | 4 |
| Apr | -1.82% | 4 |
| May | +13.85% | 4 |
| Jun | +7.42% | 4 |
| Jul | -2.07% | 4 |
| Aug | -4.20% | 4 |
| Sep | +21.34% | 4 |
| Oct | -7.39% | 4 |
| Nov | +3.01% | 3 |
| Dec | -5.31% | 4 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence Level: 7)
Key drivers: Neutral sentiment, range-bound trading, potential breakout from consolidation.
Primary risks: High volatility, market sentiment shifts.
Investment thesis: FBL is a leveraged ETF that may benefit from market trends. The stock has been consolidating within a narrow range, and recent news headlines suggest neutral sentiment. Technical indicators indicate a potential breakout, which could lead to higher prices.
Recent news sentiment impact: Neutral headlines have contributed to the consolidation phase, but no significant catalysts are driving price movements.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): NEUTRAL; Medium-term (1-3 months): RANGE-BOUNDED; Long-term (3-12 months): BULLISH
Support/Resistance Levels: Key levels to monitor: SMA 20 ($24.45), SMA 50 ($23.71), and the lower band of the Bollinger Bands ($17.95).
Momentum Signals:
- RSI interpretation: NEUTRAL (45.01) - not overbought or oversold.
- MACD signal: BEARISH (negative histogram) - suggesting bearish momentum.
- Bollinger Bands position: NEUTRAL (price near the middle band) - indicating a lack of clear direction.
Volume Analysis: Volume SMA 20 is increasing, indicating growing institutional interest. On-Balance Volume (OBV) is declining, suggesting a loss of momentum.
News & Sentiment Analysis
Recent Headlines Summary: Neutral headlines from Zacks Investment Research have contributed to the consolidation phase, with no significant catalysts driving price movements.
Sentiment Assessment: NEUTRAL sentiment dominates recent news headlines.
Catalyst Identification: No near-term earnings announcements or regulatory changes are scheduled. However, market expectations may shift if macroeconomic data improves or a major market participant makes a notable move.
Market Narrative: The stock's consolidation phase is likely driven by the neutral sentiment and lack of clear direction in the markets.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta 2.84) - indicating that FBL moves more than the broader market.
Volatility Regime: Historical volatility is high, with HV20 at 104.3% and HV30 at 113.6%. The current IV premium vs HV30 is -22.1%, suggesting implied volatility is lower than realized.
Options Market Signals: Low IV rank (9.3%) indicates historically low volatility. Volume flow favors calls over puts, indicating bullish sentiment.
Market Context & Positioning
Sector Performance: FBL's sector (Financials) has been performing relatively well compared to the broader market.
Institutional Activity: Institutional interest is increasing, as evidenced by rising volume SMA 20.
Correlation Analysis: FBL has a moderate correlation with SPY (R-squared = 0.47), indicating that it tends to move in tandem but not perfectly synchronized.
Relative Valuation: The stock is trading within its established range, suggesting that it may be due for a breakout or consolidation phase.
Key Levels & Action Items
- Critical Price Levels: SMA 20 ($24.45), SMA 50 ($23.71), and the lower band of the Bollinger Bands ($17.95).
- Breakout/Breakdown Levels: Any movement above/below these levels could signal a significant price move.
- Time-Sensitive Catalysts: No near-term earnings announcements or regulatory changes are scheduled, but market expectations may shift if macroeconomic data improves or a major market participant makes a notable move.
- Risk Management: Consider stop-loss levels around SMA 20 and position sizing considerations based on the stock's high volatility.
By analyzing FBL using the provided data, we can conclude that the stock is in a consolidation phase, driven by neutral sentiment. Technical indicators suggest a potential breakout from this range, which could lead to higher prices. However, high volatility and market sentiment shifts remain primary risks to consider.
- IV Rank (30D)
- 72.63
- IV Rank (7D)
- 72.63
- Avg IV
- 135.1%
- Straddle (30D)
- $3.60
- Straddle (7D)
- $3.60
- P/C Volume
- 1.46
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
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.
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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 2.94
- Correlation (SPY)
- 45.3%
- R²
- 0.21
- Ann. Volatility
- 84.4%
- SPY Volatility
- 13.0%
High volatility - stock moves more than market
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