Zacks Investment ResearchT3·14d ago
FNDA Schwab Fundamental U.S. Small Company ETF
ETF 35.84 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.
FNDA
$35.84
—
Key stats
$35.84
- 52-Week Range
- $29.31 – $38.59
- YTD
- +12.63%
- IV Rank (30D)
- 16.29
- Straddle Price
- $1.55
- P/C Vol Ratio
- 0.00
- Open
- $35.49
- Day Range
- $35.48 – $35.85
- Volume
- 3,106,824
- Prev Close
- $35.74
About
Schwab Fundamental U.S. Small Company ETF (FNDA) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2013-08-15
- Has Options
- Yes
Fund profile
holdings as of Oct 14, 2026third-party datathrough May 2026flows, SEC filings
- Expense ratio
- 0.25% prospectus, filed Jun 26, 2026
- Assets
- $8.8B shares × price, Oct 21, 2026
- Trailing yield
- 1.24% paid quarterly
- Average daily volume
- $83M 30 sessions
- Holdings
- 915 top 10 are 3.6%
- Listed
- Aug 15, 2013 NYSE Arca
- Tracking difference
- -0.26 pts vs index, after fees, FY 2026
Cost72
Liquidity97
Scale100
Diversification100
Moves with. US large-cap stocks (69% of its variance, beta 1.11); Small caps over large (32% of its variance, beta 0.68). These factors explain 91% of its daily moves over the last year.
Stated objective. The funds goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of small U.S. companies based on their fundamental size and weight. (from the fund's prospectus)
All 915 holdingsFlow historySimilar fundsOverlap toolAll Multi-Factor ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$1.4B latest reported month
- Latest 3 months
- −$1.4B −15.4% of assets
- Latest 12 months
- −$1.5B −17.3% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$1.4B |
| Apr 2026 | +$23M |
| Mar 2026 | +$16M |
| Feb 2026 | +$5.3M |
| Jan 2026 | +$31M |
| Dec 2025 | +$10M |
| Nov 2025 | −$21M |
| Oct 2025 | −$20M |
| Sep 2025 | −$29M |
| Aug 2025 | −$28M |
| Jul 2025 | −$65M |
| Jun 2025 | −$50M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| PRFZInvesco Exchange-Traded Fund Trust Invesco RAFI US 1500 Small-Mid ETF | 49% | 0.34% | $2.7B | +15.4% | compare |
| DFASU.S. Small Cap Portfolio ETF Class Shares | 46% | 0.27% | $14.0B | +14.7% | compare |
| SCHASchwab U.S Small- Cap ETF | 45% | 0.03% | $21.7B | +15.5% | compare |
| BBSCJPMorgan BetaBuilders U.S. Small Cap Equity ETF | 42% | 0.09% | $729M | +12.2% | compare |
| IWMiShares Russell 2000 ETF | 41% | 0.19% | $75.1B | +11.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 14, 2026third-party data- Holdings vs fair value
- +15.2% 53% under, 21% over · 99% covered
- Price / earnings
- 40.6 15% loss-making · 97% covered
- Price / book · sales
- 2.0 · 1.1 revenue growth +7.7%
- Above 200-day average
- 53% 42% above 50-day · by weight
- Short interest
- 8.5% of float, weighted · 5.1 days to cover
- Insider buying
- 7% of weight had net insider buying, 90 days; 51% net selling
- 13F holders
- +2.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 34.7% of weight in 7 days; 75.7% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.72%
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
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | COMPCompass Inc | 0.63% | 0.41% | −17.9% |
| Decrease | VISNVistance Networks Inc | 0.39% | 0.19% | −26.4% |
| Decrease | Herbalife Ltd | 0.31% | 0.14% | −20.9% |
| Decrease | LITELumentum Holdings Inc | 1.08% | 0.92% | −26.4% |
| Increase | AGLagilon health Inc | 0.03% | 0.18% | +13.1% |
| Decrease | RKTRocket Cos Inc | 0.33% | 0.18% | −26.6% |
| Increase | IRDMIridium Communications Inc | 0.10% | 0.24% | +22.4% |
| Increase | TWLOTwilio Inc | 0.15% | 0.27% | +21.6% |
| Decrease | WMSAdvanced Drainage Systems Inc | 0.27% | 0.16% | −24.9% |
| Exit | EXASExact Sciences Corp | 0.11% | — | — |
Under the hood
fiscal year to Feb 28, 2026SEC census- Authorized participants
- 10 active of 31 with agreements; top 3 did 67%
- Created · redeemed
- $1.9B · $2.6B over the fiscal year
- Redemptions in kind
- 97% creations 97% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.50% of assets on loan on average; earned 1.4 bp
- Return vs index
- -0.26 pts after fees; +0.04 before; daily s.d. 0.00
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 2026-05-31
Holdings
933
AUM
$9.0B
Provider
Nport
Inception
2013-08-15
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
0.25%
Dividend Yield
1.23%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-28 | $0.1329 | CD |
| 2026-06-24 | 2026-06-29 | $0.0966 | CD |
| 2026-03-25 | 2026-03-30 | $0.0603 | CD |
| 2025-12-10 | 2025-12-15 | $0.1521 | CD |
| 2025-09-24 | 2025-09-29 | $0.1078 | CD |
| 2025-06-25 | 2025-06-30 | $0.0735 | CD |
Asset Allocation
Top Holdings
top 50 of 933 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | State Street Institutional US Government Money Market Fund | 0.99% | Short-term investment | US |
| LITE | Lumentum Holdings Inc | 0.92% | Equity (common) | US |
| VSAT | Viasat Inc | 0.57% | Equity (common) | US |
| COHR | Coherent Corp | 0.54% | Equity (common) | US |
| MKSI | MKS Inc | 0.52% | Equity (common) | US |
| AMKR | Amkor Technology Inc | 0.49% | Equity (common) | US |
| TTMI | TTM Technologies Inc | 0.43% | Equity (common) | US |
| ECHO | EchoStar Corp | 0.42% | Equity (common) | US |
| COMP | Compass Inc | 0.41% | Equity (common) | US |
| FIX | Comfort Systems USA Inc | 0.41% | Equity (common) | US |
| ENS | EnerSys | 0.38% | Equity (common) | US |
| VSXY | Victoria's Secret & Co | 0.33% | Equity (common) | US |
| ARCB | ArcBest Corp | 0.32% | Equity (common) | US |
| SAIA | Saia Inc | 0.32% | Equity (common) | US |
| LFUS | Littelfuse Inc | 0.32% | Equity (common) | US |
| LBRT | Liberty Energy Inc | 0.32% | Equity (common) | US |
| CW | Curtiss-Wright Corp | 0.32% | Equity (common) | US |
| DK | Delek US Holdings Inc | 0.32% | Equity (common) | US |
| TEX | Terex Corp | 0.31% | Equity (common) | US |
| ENTG | Entegris Inc | 0.31% | Equity (common) | US |
| VIAV | Viavi Solutions Inc | 0.31% | Equity (common) | US |
| DY | Dycom Industries Inc | 0.31% | Equity (common) | US |
| PARR | Par Pacific Holdings Inc | 0.30% | Equity (common) | US |
| XPO | XPO Inc | 0.30% | Equity (common) | US |
| SCCO | Southern Copper Corp | 0.30% | Equity (common) | US |
| — | Tronox Holdings PLC | 0.30% | Equity (common) | GB |
| WERN | Werner Enterprises Inc | 0.29% | Equity (common) | US |
| ATI | ATI Inc | 0.29% | Equity (common) | US |
| CRGY | Crescent Energy Co | 0.29% | Equity (common) | US |
| — | Royalty Pharma PLC | 0.28% | Equity (common) | GB |
| MXL | MaxLinear Inc | 0.28% | Equity (common) | US |
| ESI | Element Solutions Inc | 0.28% | Equity (common) | US |
| — | Weatherford International PLC | 0.28% | Equity (common) | IE |
| DIOD | Diodes Inc | 0.28% | Equity (common) | US |
| VMI | Valmont Industries Inc | 0.28% | Equity (common) | US |
| TWLO | Twilio Inc | 0.27% | Equity (common) | US |
| VRT | Vertiv Holdings Co | 0.27% | Equity (common) | US |
| PLXS | Plexus Corp | 0.27% | Equity (common) | US |
| WWD | Woodward Inc | 0.27% | Equity (common) | US |
| FIVE | Five Below Inc | 0.27% | Equity (common) | US |
| FTRE | Fortrea Holdings Inc | 0.27% | Equity (common) | US |
| CRUS | Cirrus Logic Inc | 0.27% | Equity (common) | US |
| UCTT | Ultra Clean Holdings Inc | 0.26% | Equity (common) | US |
| RYZ | Ryerson Holding Corp | 0.26% | Equity (common) | US |
| AIT | Applied Industrial Technologies Inc | 0.26% | Equity (common) | US |
| — | Nabors Industries Ltd | 0.26% | Equity (common) | BM |
| HCC | Warrior Met Coal Inc | 0.25% | Equity (common) | US |
| OPEN | Opendoor Technologies Inc | 0.25% | Equity (common) | US |
| FLS | Flowserve Corp | 0.25% | Equity (common) | US |
| COLD | Americold Realty Trust Inc | 0.25% | Equity (common) | US |
Non-Equity Breakdown
Schwab Fundamental U.S. Small Company ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-24)
Net assets:
$8.92B
· 933 total positions
· equity 99.78%
· non-equity 1.10%
Non-equity holdings
— 3 positions,
1.10% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.09% | $97.4M | 2 |
| Derivative (equity) | 0.00% | $298104 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 5.08% | -6.63% | 11.29% | -3.50% | 3.08% | 4.81% | 2.35% |
| Feb | 7.32% | 0.45% | -3.07% | 2.51% | -3.03% | 2.14% | 1.05% |
| Mar | 0.66% | 3.01% | -5.24% | 2.74% | -3.89% | -6.33% | -1.51% |
| Apr | 1.19% | -7.56% | -1.85% | -4.82% | -4.44% | 9.13% | -1.39% |
| May | 2.66% | 0.68% | -3.00% | 4.56% | 4.39% | 1.09% | 1.73% |
| Jun | -1.43% | -9.77% | 8.01% | -2.02% | 3.96% | 5.37% | 0.69% |
| Jul | -3.48% | 8.16% | 5.41% | 10.22% | 0.07% | -2.23% | 3.03% |
| Aug | 2.43% | -3.61% | -4.04% | 1.29% | 8.42% | -1.85% | 0.44% |
| Sep | -2.82% | -10.14% | -6.64% | 3.78% | 0.58% | -4.37% | -3.27% |
| Oct | 1.93% | 9.63% | -4.47% | -0.58% | -1.89% | 1.53%* | 1.03% |
| Nov | -5.27% | 4.11% | 8.79% | 9.78% | 3.03% | -- | 4.09% |
| Dec | 6.31% | -6.45% | 7.66% | -7.88% | -0.03% | -- | -0.08% |
| Total | 14.64% | -18.84% | 11.07% | 15.44% | 9.86% | 8.61% | 6.80% |
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: $35.50
SMA 50: $36.35
SMA 200: $35.51
Current: $35.84
EMA 12: $35.59
EMA 26: $35.75
MACD: -0.1583 | Signal: 0.0909
BEARISH
ADX (14): 30.30
TREND
+DI: 19.60
−DI: 24.04
Momentum Oscillators
RSI (14): 51.37
NEUTRAL
Stoch %K: 72.59
Stoch %D: 59.60
Williams %R: -20.81
Volume & Volatility
BB Upper: $36.00
BB Lower: $35.01
NEUTRAL
OBV: -8,512,082
Vol SMA 20: 2,516,754
Vol ROC: 12.74%
ATR: $0.42
True Range: $0.37
HV 20: 12.3%
HV 30: 11.5%
HV 60: 12.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
FNDA (Schwab Fundamental U.S. Small Company ETF) — Comprehensive Analysis
Executive Summary
Overall Assessment: NEUTRAL (Confidence: 6/10)
FNDA is a diversified, passively managed small-cap value ETF holding 933 positions with a very low concentration (top 10 = 5.1%). The fund trades near its 20-day moving average ($35.64) at $35.62, reflecting a balanced technical posture, but faces significant headwinds from sustained outflows totaling −$1.4B over the latest month and −17.3% of assets over 12 months. The portfolio fundamentals show stress: holdings trade at a +16.5% premium to fair value with a weighted P/E of 55.8, while technical indicators reveal active downward pressure (−DI: 32.74 vs +DI: 17.39, MACD histogram: −0.40, OBV deeply negative at −13.6M).
Key Drivers: Small-cap value sector positioning, multi-factor screening, low-cost structure (0.25% ER). Primary Risks: Fund outflows, elevated valuation, bearish momentum, negative OBV, weak options market interest.
Investment Thesis: FNDA's structural appeal (cheap fees, diversification) is offset by deteriorating fund flows, overvalued holdings, and bearish technical signals. Investors are rotating out of small-cap value into other strategies. Recovery depends on small-cap mean reversion and reversal of outflow pressure.
Recent News Sentiment Impact: Two positive Zacks evaluations (most recent 2026-10-09 and 2026-08-31) provide mild tailwind, suggesting analyst interest in the small-cap value category. However, these are general "should this be on your radar?" pieces with no specific catalysts tied to FNDA's tactical positioning. The positive sentiment does not align with the underlying technical deterioration and fund flow exodus.
Technical Analysis
Trend Direction
| Timeframe | Assessment | Rationale | |---|---|---| | Short-term (1–4 weeks) | BEARISH | Price at $35.62 is aligned with SMA 20 ($35.64) but below SMA 50 ($36.78) by 3.2%, signaling weakness. MACD is bearish (−0.32 vs signal +0.08, histogram −0.40). | | Medium-term (1–3 months) | BEARISH | SMA 50 ($36.78) sits above SMA 200 ($35.35), but the 50-day is sloping downward relative to recent price action. RSI at 43.67 is sliding from neutral toward oversold territory. | | Long-term (3–12 months) | MIXED | SMA 200 ($35.35) is only 0.8% below current price, indicating the fund has not violated long-term support. However, persistent outflows and valuation compression could test this level. |
Support/Resistance Levels
| Level | Price | Significance | |---|---|---| | Resistance (Near-term) | $36.26 | Bollinger Bands upper band; coincides with SMA 50. Breaking above would signal a reversal of medium-term weakness. Volume needed to overcome. | | Support (Immediate) | $35.35 | SMA 200; psychological round level. Loss of this level would trigger technical breakdown toward $34.50–$35.00 range. | | Support (Secondary) | $35.03 | Bollinger Bands lower band; next technical floor if $35.35 fails. | | Resistance (Medium-term) | $37.00+ | Psychological barrier; would require sustained positive catalysts (inflow reversal, sector rotation). |
Momentum Signals
RSI (14): 43.67 — NEUTRAL with downside bias
- Reading is in the neutral zone (30–70) but trending lower, not yet oversold (<30). The decline from higher levels suggests weakening internal momentum.
- Risk: Further decay could push toward oversold (<30) on next down leg, potentially triggering capitulation or algorithmic buying.
MACD: −0.32 (line) vs +0.08 (signal), Histogram: −0.40 — BEARISH DIVERGENCE
- MACD line is below the signal line and the histogram is negative, confirming downward momentum.
- The 12-EMA ($35.62) is slightly above the 26-EMA ($35.94), but this crossover is recent/shallow, suggesting the bearish trend may be young.
- Interpretation: Sell signal in effect; no bullish crossover signal yet.
Bollinger Bands: Width 3.45 — NEUTRAL (not in squeeze or extreme breakout)
- Upper band at $36.26, middle at $35.64, lower at $35.03.
- Price at $35.62 is just below the middle, indicating no overbought condition.
- Band width of 3.45 is moderate—neither compressed (suggesting a breakout is building) nor expanded (suggesting volatility climax).
- No mean-reversion pressure yet, but price is positioned for downside if support fails.
Volume Analysis
Volume SMA 20: 2,311,299 shares
- Volume Rate of Change: +9.72% — Slightly elevated, suggesting recent volume above the 20-day average.
- Interpretation: Some institutional activity, but not explosive. Consistent with managed outflows rather than panic selling.
On-Balance Volume (OBV): −13,566,661 — CRITICAL RED FLAG
- Deeply negative and deteriorating, indicating that selling volume has consistently exceeded buying volume over the recent period.
- OBV divergence with price (price holding near SMA 20 but OBV collapsing) is a classic sign of distribution—smart money exiting.
- Risk Assessment: OBV weakness suggests the support at $35.35 and $35.64 may not hold if tested; followthrough selling is likely.
Institutional Interest Signal:
- The negative OBV, combined with −$1.4B monthly outflows, confirms that institutional investors (including the fund manager's rebalancing) are rotating capital away from FNDA holdings.
- This is not short-term panic; it's systematic redemption pressure.
News & Sentiment Analysis
Recent Headlines Summary
Positive Mentions (2 recent articles):
-
"Is Schwab Fundamental U.S. Small Company ETF (FNDA) a Strong ETF Right Now?" (Zacks, 2026-10-09) — POSITIVE
- Generic "should this be on your radar?" format; no specific catalyst or catalyst date mentioned.
- Likely a routine category review suggesting FNDA remains a reasonable vehicle for small-cap value exposure.
-
"Should Schwab Fundamental U.S. Small Company ETF (FNDA) Be on Your Investing Radar?" (Zacks, 2026-08-31) — POSITIVE
- Similar framing; separated by 1+ month from the latest piece, suggesting recurring analyst interest.
Neutral/Other Mentions:
- Comparable small-cap value ETF articles (IWN, VBR) dated 2026-10-09 and 2026-10-07, indicating category-wide analyst focus.
- Older news items (Billionaire investor/RKT stake boost, GEO earnings) are not recent and not directly related to FNDA. These appear to reflect historical holdings mentions or sector tangents.
Sentiment Assessment
Aggregate News Sentiment: CAUTIOUSLY POSITIVE (but weak)
- The two recent Zacks articles are framed positively ("Strong ETF Right Now," "Be on Your Radar"), but they are generic category reviews, not FNDA-specific catalysts.
- No breaking news, no tactical catalyst dates, no fund-specific announcements (e.g., manager change, fee reduction, new strategy launch).
- Positive sentiment is soft—it reflects analyst interest in small-cap value as a category, not bullish conviction on FNDA's near-term performance.
Catalyst Identification
Immediate Catalysts (1–7 days):
- None identified. No earnings announcements for the fund itself (ETFs do not report earnings), and dated holdings data (as of 2026
Generated
News
All FNDA news →
Zacks Investment ResearchT3·14d ago
Zacks Investment ResearchT3·16d ago
Zacks Investment ResearchT3·1mo ago
BenzingaT3·6mo ago
BenzingaT3·20mo ago
Zacks Investment ResearchT3·29mo ago
Zacks Investment ResearchT3·30mo ago
Zacks Investment ResearchT3·31mo ago
Zacks Investment ResearchT3·32mo ago
Showing 1–10 of 50
Page 1 of 5
FNDA Options Activity & IV Rank
FNDA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.6%
7-DTE IV: —
Expected Move: $1.55
7-DTE Move: $1.55
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 7
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 2
Put OI: 0
P/C OI: —
Total OI: 2
ATM Options Pricing
ATM Call: $0.68
ATM Put: $0.88
Call %: 1.9%
Put %: 2.4%
Chain Summary
Chain Volume: 10
Chain OI: 5
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.
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 22 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · ATM 20.4% / 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)16.3LowOct 22
Straddle Price (30 DTE)$1.55Oct 22
Beta Analysis
Risk Metrics
Beta: 0.9322
Alpha: 2.63%
Correlation: 0.7595
R-Squared: 57.7%
Stock Volatility: 15.6%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
FNDA 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.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | 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
394.94K
SI % of Float
0.16%
Days to Cover
1.00
Short Vol Ratio
73.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|