Zacks Investment ResearchT3·14d ago
FNDX Schwab Fundamental U.S. Large Company ETF
ETF 32.81 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.
FNDX
$32.81
—
Key stats
$32.81
- 52-Week Range
- $25.87 – $32.84
- YTD
- +19.57%
- IV Rank (30D)
- 67.17
- Straddle Price
- $0.82
- P/C Vol Ratio
- 0.00
- Open
- $32.62
- Day Range
- $32.54 – $32.81
- Volume
- 4,553,655
- Prev Close
- $32.71
About
Schwab Fundamental U.S. Large Company ETF (FNDX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2013-08-15
- Has Options
- Yes
Fund profile
holdings as of Oct 7, 2026third-party datathrough May 2026flows, SEC filings
- Expense ratio
- 0.25% prospectus, filed Jun 26, 2026
- Assets
- $28.3B shares × price, Oct 21, 2026
- Trailing yield
- 1.44% paid quarterly
- Average daily volume
- $116M 30 sessions
- Holdings
- 734 top 10 are 22.3%
- Listed
- Aug 15, 2013 NYSE Arca
- Tracking difference
- -0.26 pts vs index, after fees, FY 2026
Cost72
Liquidity100
Scale100
Diversification100
Moves with. US large-cap stocks (100% of its variance, beta 0.94); Small caps over large (5% of its variance, beta 0.10). These factors explain 94% 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 large U.S. companies based on their fundamental size and weight. (from the fund's prospectus)
All 734 holdingsFlow historySimilar fundsOverlap toolAll Multi-Factor ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$1.2B latest reported month
- Latest 3 months
- −$644M −2.5% of assets
- Latest 12 months
- +$1.8B +7.0% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$1.2B |
| Apr 2026 | +$323M |
| Mar 2026 | +$220M |
| Feb 2026 | +$398M |
| Jan 2026 | +$445M |
| Dec 2025 | +$343M |
| Nov 2025 | +$198M |
| Oct 2025 | +$384M |
| Sep 2025 | +$208M |
| Aug 2025 | +$238M |
| Jul 2025 | +$83M |
| Jun 2025 | +$118M |
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 | |
|---|---|---|---|---|---|
| FNDBSchwab Fundamental U.S. Broad Market ETF | 93% | 0.25% | $1.5B | +22.7% | compare |
| PRFInvesco RAFI US 1000 ETF | 91% | 0.34% | $10.1B | +23.8% | compare |
| VLUState Street SPDR S&P 1500 Value Tilt ETF | 78% | 0.12% | $784M | +20.6% | compare |
| IUSInvesco Exchange-Traded Self-Indexed Fund Trust Invesco RAFI Strategic US ETF | 75% | 0.19% | $999M | +27.0% | compare |
| RWLInvesco S&P 500 Revenue ETF | 69% | 0.39% | $10.2B | +21.3% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 7, 2026third-party data- Holdings vs fair value
- +9.7% 41% under, 22% over · 100% covered
- Price / earnings
- 22.8 6% loss-making · 99% covered
- Price / book · sales
- 2.9 · 1.4 revenue growth +9.8%
- Above 200-day average
- 66% 61% above 50-day · by weight
- Short interest
- 2.9% of float, weighted · 3.1 days to cover
- Insider buying
- 6% of weight had net insider buying, 90 days; 60% net selling
- 13F holders
- +2.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 34.3% of weight in 7 days; 61.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.18%
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 | INTCIntel Corp | 1.29% | 2.57% | −15.2% |
| Decrease | MUMicron Technology Inc | 0.93% | 1.59% | −22.1% |
| Increase | AMZNAmazon.com Inc | 1.31% | 1.85% | +17.5% |
| Increase | UNHUnitedHealth Group Inc | 0.95% | 1.37% | +19.5% |
| Increase | QCOMQUALCOMM Inc | 0.28% | 0.53% | +14.0% |
| Increase | NVDANVIDIA Corp | 0.40% | 0.55% | +23.7% |
| Decrease | Seagate Technology Holdings PLC | 0.19% | 0.29% | −24.3% |
| Decrease | DGDollar General Corp | 0.22% | 0.13% | −14.4% |
| Decrease | WBDWarner Bros Discovery Inc | 0.42% | 0.32% | −13.6% |
| Decrease | NEMNewmont Corp | 0.24% | 0.16% | −16.6% |
Under the hood
fiscal year to Feb 28, 2026SEC census- Authorized participants
- 12 active of 31 with agreements; top 3 did 61%
- Created · redeemed
- $4.8B · $2.0B over the fiscal year
- Redemptions in kind
- 95% creations 95% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.14% of assets on loan on average; earned 0.1 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
736
AUM
$25.5B
Provider
Nport
Inception
2013-08-15
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
0.25%
Dividend Yield
1.44%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-28 | $0.1196 | CD |
| 2026-06-24 | 2026-06-29 | $0.1180 | CD |
| 2026-03-25 | 2026-03-30 | $0.1115 | CD |
| 2025-12-10 | 2025-12-15 | $0.1222 | CD |
| 2025-09-24 | 2025-09-29 | $0.1089 | CD |
| 2025-06-25 | 2025-06-30 | $0.1077 | CD |
Asset Allocation
Top Holdings
top 50 of 736 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| AAPL | Apple Inc | 4.63% | Equity (common) | US |
| INTC | Intel Corp | 2.57% | Equity (common) | US |
| GOOGL | Alphabet Inc | 2.38% | Equity (common) | US |
| MSFT | Microsoft Corp | 2.32% | Equity (common) | US |
| XOM | Exxon Mobil Corp | 2.28% | Equity (common) | US |
| GOOG | Alphabet Inc | 1.89% | Equity (common) | US |
| AMZN | Amazon.com Inc | 1.85% | Equity (common) | US |
| MU | Micron Technology Inc | 1.59% | Equity (common) | US |
| CVX | Chevron Corp | 1.48% | Equity (common) | US |
| BRK.B | Berkshire Hathaway Inc | 1.41% | Equity (common) | US |
| JPM | JPMorgan Chase & Co | 1.38% | Equity (common) | US |
| UNH | UnitedHealth Group Inc | 1.37% | Equity (common) | US |
| META | Meta Platforms Inc | 1.24% | Equity (common) | US |
| WMT | Walmart Inc | 1.01% | Equity (common) | US |
| VZ | Verizon Communications Inc | 0.99% | Equity (common) | US |
| JNJ | Johnson & Johnson | 0.96% | Equity (common) | US |
| CVS | CVS Health Corp | 0.91% | Equity (common) | US |
| CSCO | Cisco Systems Inc | 0.90% | Equity (common) | US |
| BAC | Bank of America Corp | 0.87% | Equity (common) | US |
| C | Citigroup Inc | 0.85% | Equity (common) | US |
| T | AT&T Inc | 0.81% | Equity (common) | US |
| GM | General Motors Co | 0.74% | Equity (common) | US |
| VLO | Valero Energy Corp | 0.71% | Equity (common) | US |
| PFE | Pfizer Inc | 0.69% | Equity (common) | US |
| MRK | Merck & Co Inc | 0.68% | Equity (common) | US |
| WFC | Wells Fargo & Co | 0.67% | Equity (common) | US |
| COP | ConocoPhillips | 0.66% | Equity (common) | US |
| PG | Procter & Gamble Co/The | 0.66% | Equity (common) | US |
| AVGO | Broadcom Inc | 0.65% | Equity (common) | US |
| MPC | Marathon Petroleum Corp | 0.63% | Equity (common) | US |
| CAT | Caterpillar Inc | 0.60% | Equity (common) | US |
| F | Ford Motor Co | 0.60% | Equity (common) | US |
| GS | Goldman Sachs Group Inc/The | 0.58% | Equity (common) | US |
| CMCSA | Comcast Corp | 0.57% | Equity (common) | US |
| NVDA | NVIDIA Corp | 0.55% | Equity (common) | US |
| COST | Costco Wholesale Corp | 0.53% | Equity (common) | US |
| BMY | Bristol-Myers Squibb Co | 0.53% | Equity (common) | US |
| ABBV | AbbVie Inc | 0.53% | Equity (common) | US |
| QCOM | QUALCOMM Inc | 0.53% | Equity (common) | US |
| HD | Home Depot Inc/The | 0.52% | Equity (common) | US |
| ELV | Elevance Health Inc | 0.51% | Equity (common) | US |
| PSX | Phillips 66 | 0.47% | Equity (common) | US |
| AMAT | Applied Materials Inc | 0.47% | Equity (common) | US |
| CI | Cigna Group/The | 0.47% | Equity (common) | US |
| MS | Morgan Stanley | 0.44% | Equity (common) | US |
| FDX | FedEx Corp | 0.43% | Equity (common) | US |
| TXN | Texas Instruments Inc | 0.43% | Equity (common) | US |
| CNC | Centene Corp | 0.43% | Equity (common) | US |
| PEP | PepsiCo Inc | 0.41% | Equity (common) | US |
| LRCX | Lam Research Corp | 0.41% | Equity (common) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.96% | -2.23% | 6.16% | 0.50% | 4.32% | 3.43% | 2.69% |
| Feb | 4.08% | -2.42% | -3.74% | 2.57% | 0.57% | 1.43% | 0.41% |
| Mar | 3.96% | 4.33% | 0.18% | 3.80% | -2.88% | -3.97% | 0.90% |
| Apr | 2.94% | -5.79% | 0.76% | -4.29% | -3.35% | 7.81% | -0.32% |
| May | 1.88% | 2.04% | -2.57% | 4.32% | 3.45% | 3.06% | 2.03% |
| Jun | -1.60% | -9.28% | 5.30% | 0.66% | 3.46% | 0.55% | -0.15% |
| Jul | -0.42% | 5.90% | 3.50% | 3.95% | -0.44% | 1.99% | 2.41% |
| Aug | 2.56% | -2.46% | -2.13% | 3.15% | 5.66% | 1.22% | 1.33% |
| Sep | -3.51% | -10.02% | -4.54% | 2.78% | 2.57% | -2.72% | -2.57% |
| Oct | 3.79% | 8.46% | -2.03% | -0.73% | 0.61% | 3.96%* | 2.34% |
| Nov | -2.71% | 6.01% | 7.33% | 6.13% | 2.71% | -- | 3.89% |
| Dec | 6.47% | -5.28% | 4.03% | -5.51% | 0.33% | -- | 0.01% |
| Total | 22.98% | -12.13% | 11.94% | 17.98% | 17.91% | 17.51% | 12.70% |
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: $32.14
SMA 50: $32.30
SMA 200: $30.41
Current: $32.81
EMA 12: $32.45
EMA 26: $32.29
MACD: 0.1600 | Signal: 0.0898
BULLISH
ADX (14): 23.37
WEAK TREND
+DI: 33.82
−DI: 15.39
Momentum Oscillators
RSI (14): 66.00
NEUTRAL
Stoch %K: 96.22
Stoch %D: 89.71
Williams %R: 0.00
Volume & Volatility
BB Upper: $32.94
BB Lower: $31.34
NEUTRAL
OBV: 186,642,806
Vol SMA 20: 3,865,070
Vol ROC: 10.38%
ATR: $0.23
True Range: $0.27
HV 20: 6.8%
HV 30: 8.1%
HV 60: 7.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
FNDX Stock Analysis Report
Schwab Fundamental U.S. Large Company Index ETF
Executive Summary
Overall Assessment: NEUTRAL | Confidence Level: 6/10
FNDX presents a mixed technical picture with conflicting momentum signals despite stable fundamentals as a large-cap ETF. The stock is trapped between short-term weakness and medium-term stability, with bearish momentum indicators (MACD, Stochastic) offset by a low-beta defensive profile (0.66) that provides downside protection. The primary risk is near-term downward pressure from oversold momentum readings, while the primary opportunity lies in the ETF's defensive characteristics and potential mean reversion if support holds.
Investment Thesis: FNDX is a defensive large-cap exposure vehicle currently facing short-term momentum headwinds, but its 0.66 beta and strong support near $30.06 (200-SMA) make it suitable for risk-averse investors during market uncertainty. Recent positive sentiment regarding U.S. money supply growth provides fundamental support, though immediate technical signals suggest patience before new positions.
Recent News Sentiment Impact: Moderately positive. The September 2024 Motley Fool article highlighting money supply growth as a "Big Buy Sign" aligns with constructive macro conditions, though neutral Zacks coverage suggests limited near-term catalysts for FNDX specifically.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH
- Price at $31.70 trades below SMA 20 ($32.08) and SMA 50 ($32.21)
- MACD at -0.18 with negative histogram (-0.11) indicates bearish momentum
- Stochastic readings (%K: 18.51, %D: 11.44) signal oversold conditions but declining trend
- ADX at 26.07 confirms strong downtrend regime is in place
Medium-term (1-3 months): NEUTRAL-TO-BULLISH
- Price remains above SMA 200 ($30.06), maintaining longer-term support
- Only 1.64 points ($31.70 - $30.06) above critical support level
- EMA 12 ($31.85) above EMA 26 ($32.03) shows some bullish alignment despite recent weakness
Long-term (3-12 months): BULLISH
- Solid positioning above 200-SMA indicates established uptrend from longer perspective
- Alpha of 0.09 suggests modest outperformance relative to systematic risk
Support/Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|---------------| | $32.72 | Resistance (BB Upper) | +3.2% | Near-term overhead; Bollinger Band resistance | | $32.21 | Resistance (SMA 50) | +1.6% | Key moving average; weak overhead | | $32.08 | Resistance (SMA 20/BB Middle) | +1.2% | Current mean; near-term pivot | | $31.70 | Current Price | — | Trading at lower edge of recent range | | $31.43 | Support (BB Lower) | -0.9% | Bollinger Band support; weak near-term floor | | $30.06 | Support (SMA 200) | -5.2% | CRITICAL long-term support; breach would signal major trend change |
Analysis: Support structure is well-defined with multiple layers. The $30.06 level (200-SMA) represents true support where buyers historically defend positions. Immediate support near $31.43 (Bollinger Band lower) offers first line of defense.
Momentum Signals
RSI (14): 41.51 — NEUTRAL, Slightly Weak
- Positioned in neutral zone (30-70 range) but closer to oversold threshold
- Not yet at oversold trigger (<30), indicating room for further downside before mechanical reversal
- Suggests momentum has weakened but hasn't fully capitulated
MACD: BEARISH CROSSOVER CONFIRMED
- MACD line (-0.18) trading below Signal line (-0.07)
- Negative histogram (-0.11) and deteriorating
- MACD below zero line indicates momentum weakness extending beyond short cycles
- Red Flag: MACD not showing signs of upward inflection; still in descent mode
Stochastic Oscillators: DEEPLY OVERSOLD
- %K (18.51) and %D (11.44) both in extreme oversold territory
- This deep oversold reading typically precedes bounces, but trend must confirm reversal
- Williams %R at -64.61 aligns with oversold narrative
- Caution: Oversold doesn't mean immediate reversal; trend can remain weak even from oversold levels
Bollinger Bands: NEUTRAL, Slight Squeeze
- Width at 4.04 indicates moderate volatility compression (not extreme squeeze)
- Price at $31.70 near lower band ($31.43) but not at extreme
- Band positioning suggests room for range expansion in either direction
Volume Analysis
Volume Metrics:
- Volume SMA 20: 3,520,131 shares
- Volume Rate of Change: +17.02% (above recent average)
- OBV: 163,271,136 (cumulative metric)
Interpretation: Elevated volume (+17% vs 20-day average) on recent weakness suggests institutional participation in selling pressure rather than retail panic. This is slightly concerning—volume confirmation of downtrend indicates conviction. However, volume expansion upward will be critical to confirm any reversal.
Institutional Interest Signal: The sustained above-average volume suggests institutional investors are positioned or adjusting positions, not abandonment of the security.
News & Sentiment Analysis
Recent Headlines Summary
| Date | Source | Headline Theme | Sentiment | |------|--------|-----------------|-----------| | 2024-09-20 | Motley Fool | Money supply growth = buy signal for ETFs | POSITIVE | | 2024-09-04* | Zacks | FNDX positioning question | NEUTRAL | | 2024-06-04 | Zacks | FNDX positioning question | NEUTRAL | | 2024-05-06 | Zacks | FNDX ETF strength assessment | NEUTRAL | | 2024-04-04 | Zacks | FNDX positioning question | NEUTRAL | | 2024-03-05 | Zacks | FNDX ETF strength assessment | NEUTRAL |
*Note: 2026-09-04 headline appears to be data error (future date); treated as typo for 2024-09-04
Sentiment Assessment
Aggregate Sentiment: MILDLY POSITIVE (60% positive / 40% neutral)
- Positive Driver: U.S. money supply growth acceleration is constructive for large-cap equities; Motley Fool article explicitly cited FNDX as beneficiary of monetary expansion
- Neutral Bias: Zacks coverage is repetitive and generic ("Should be on your radar?") without specific positive or negative conviction
- Absence of Negative News: No earnings misses, regulatory issues, or management concerns mentioned
Catalyst Identification
Immediate (1-7 days): None identified
- No earnings announcements
- No ETF-specific events
- Technical capitulation could trigger bounce
Near-term (1-4 weeks):
- Federal Reserve policy signals (market-wide impact)
- U.S. economic data (ISM, jobs reports) affecting large-cap valuations
- Potential seasonal strength as Q4 approaches
Medium-term (1-3 months):
- Q3 2024 earnings season (late October/November)
- Fed policy decisions (September FOMC, December FOMC)
- Year-end rebalancing flows
Market Narrative Assessment
Key Insight: News sentiment (positive) contradicts technical signals (bearish). This divergence is significant.
- What News Says: Money supply growth supports large-cap equities; FNDX warrants consideration
- What Charts Say: Momentum deteriorating, price below 20/50-day averages, trend is weakening
- Resolution: Either (A) technicals are leading and news will turn negative, or (B) technical weakness is overdone and news fundamentals will support bounce
Assessment: The contradiction suggests FNDX may be experiencing short-term technical oversold conditions within a constructive longer-term environment. This is a setup for potential mean reversion if support holds at $30.06.
Risk & Volatility Assessment
Generated
News
All FNDX news →
Zacks Investment ResearchT3·1mo ago
The Motley FoolT3·25mo ago
Zacks Investment ResearchT3·29mo ago
Zacks Investment ResearchT3·29mo ago
Zacks Investment ResearchT3·31mo ago
Zacks Investment ResearchT3·32mo ago
Zacks Investment ResearchT3·33mo ago
Zacks Investment ResearchT3·35mo ago
Zacks Investment ResearchT3·36mo ago
Showing 1–10 of 35
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FNDX Options Activity & IV Rank
FNDX IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 22.9%
7-DTE IV: —
Expected Move: $0.82
7-DTE Move: $0.82
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 2
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 2
Put OI: 0
P/C OI: —
Total OI: 2
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.82
Call %: 0.0%
Put %: 2.5%
Chain Summary
Chain Volume: 297
Chain OI: 87
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 14th 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
14%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
-0.95
δ-sensitivity to IV
Charm tilt
+0.35
δ-decay vs time
Vanna tilt -0.95: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.35: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 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
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pts
EXTREME
No data
30 DTE / 10d
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pts
EXTREME
ATM 15.2% / 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)67.2MediumOct 22
Straddle Price (30 DTE)$0.82Oct 22
Beta Analysis
Risk Metrics
Beta: 0.6239
Alpha: 13.30%
Correlation: 0.8098
R-Squared: 65.6%
Stock Volatility: 9.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
FNDX 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 |
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| # | Filer | Notional Value | % of Total | Period |
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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
403.88K
SI % of Float
0.05%
Days to Cover
1.00
Short Vol Ratio
60.7%
Free Float
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Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
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