FSSL FS Specialty Lending Fund
XNYS
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
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.
FSSL
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Key stats
About
- Exchange
- XNYS
- Market Cap
- $0.9B
- CIK
- 0002065812
- Homepage
- https://www.fsinvestments.com
FS Specialty Lending Fund is a United States-based externally managed, non-diversified, closed-end management investment company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation by investing mainly in private and public credit in a broad set of industries, sectors, and sub-sectors. Its investment policy is to invest mainly in a portfolio of secured and unsecured floating and fixed-rate loans, bonds, and other types of credit instruments, which, under normal circumstances, will represent at least eighty percent of the Co…
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -6.20% | -6.20% |
| Feb | -- | -10.51% | -10.51% |
| Mar | -- | 1.30% | 1.30% |
| Apr | -- | -0.97% | -0.97% |
| May | -- | -4.61% | -4.61% |
| Jun | -- | -5.75% | -5.75% |
| Jul | -- | -0.62% | -0.62% |
| Aug | -- | 4.24% | 4.24% |
| Sep | -- | -1.52% | -1.52% |
| Oct | -- | -1.18%* | -1.18% |
| Nov | -3.50% | -- | -3.50% |
| Dec | 3.82% | -- | 3.82% |
| Total | 0.19% | -23.68% | -11.74% |
* Only 2 year(s) of data available.
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: $11.58
SMA 50: $11.65
SMA 200: $12.02
Current: $11.70
EMA 12: $11.56
EMA 26: $11.59
MACD: -0.0288 | Signal: 0.0054
BEARISH
ADX (14): 12.89
RANGE
+DI: 19.48
−DI: 13.98
Momentum Oscillators
RSI (14): 54.00
NEUTRAL
Stoch %K: 49.98
Stoch %D: 33.93
Williams %R: -30.12
Volume & Volatility
BB Upper: $11.85
BB Lower: $11.31
NEUTRAL
OBV: -17,326,158
Vol SMA 20: 263,673
Vol ROC: -48.54%
ATR: $0.23
True Range: $0.24
HV 20: 18.6%
HV 30: 17.8%
HV 60: 17.5%
Data Summary
Data Points: 235
Last Updated:
Date Range: 2025-11-13T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is the LLM Stock Analysis Prompt Template:
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10) Key drivers and primary risks: * Recent news sentiment has been neutral, with no significant catalysts driving price movements. * The stock's low volatility suggests a lack of market-moving events or surprises. * The trend indicators suggest a potential short-term uptrend, but the momentum oscillators are neutral.
Recent news sentiment impact: Neutral news headlines have not had a significant impact on the stock's price movement.
Technical Analysis
Trend Direction: * Short-term (1-4 weeks): Uptrend * Medium-term (1-3 months): Trendless * Long-term (3-12 months): Downtrend
Support/Resistance Levels: * SMA 20: $11.63 (support) * SMA 50: $11.31 (support) * Upper Bollinger Band: $11.97 (resistance)
Momentum Signals: * RSI interpretation: Neutral (66.32), not overbought or oversold * MACD signal: Bullish, with a bullish crossover above the signal line * Bollinger Bands position: Overbought
Volume Analysis: * Volume SMA 20: 238419.11 (increasing) * On-Balance Volume (OBV): -15829882.67 (decreasing)
News & Sentiment Analysis
Recent Headlines Summary: * Neutral news headlines, with no significant catalysts driving price movements.
Sentiment Assessment: Neutral sentiment overall, with no significant market-moving events or surprises.
Catalyst Identification: No upcoming earnings dates or product launches that could impact the stock's price movement.
Market Narrative: The neutral news sentiment and lack of significant catalysts have not had a significant impact on the stock's price movement.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta 0.54).
Volatility Regime: Current volatility is low, with a historical volatility of 17.1% over the past 20 days.
Options Market Signals: * IV rank: N/A * Put/call ratios: N/A * Unusual activity: None
Downside Protection: * Support levels: SMA 20 and SMA 50 * Risk management considerations: Consider a stop-loss level at the SMA 20 or SMA 50 to limit potential losses.
Market Context & Positioning
Sector Performance: * Relative strength vs sector/market: Neutral, with no significant outperformance or underperformance.
Institutional Activity: * Volume patterns suggesting institutional interest: None
Correlation Analysis: * How stock moves relative to market (R-squared interpretation): Low correlation, with the stock moving less than the market.
Relative Valuation: * Position within trading range: Neutral, with no significant overbought or oversold conditions.
Key Levels & Action Items
Critical Price Levels: * Support levels: SMA 20 and SMA 50 * Resistance level: Upper Bollinger Band
Breakout/Breakdown Levels: * None
Time-Sensitive Catalysts: * Earnings dates: No upcoming earnings dates that could impact the stock's price movement.
Risk Management: * Consider a stop-loss level at the SMA 20 or SMA 50 to limit potential losses.
Generated
News
All FSSL news →
FSSL Options Activity & IV Rank
Loading options activity...
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
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pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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pts
EXTREME
ATM — / 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)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.5385
Alpha: -25.82%
Correlation: 0.3355
R-Squared: 11.3%
Stock Volatility: 20.3%
Market Volatility: 12.6%
Analysis Details
Benchmark: SPY
Data Points: 234
Period: 252 trading days
Data Points: 234
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own FSSL
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $6.5M | #1890 of 6285 | +114.5% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $2.3M | #1310 of 4729 | +2758.1% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
FSSL 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 |
|---|
FSSL Insider Trading (Form 4)
Latest: 2026-03-13Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-03-13 | Pedro A Ramos | Director | Buy (P) | +1,000 | $12.40 | $12.4K | EDGAR |
| 2026-03-12 | Richard I Goldstein | Director | Buy (P) | +10,000 | $11.92 | $119.2K | EDGAR |
| 2026-03-10 | William Blake Goebel | See Remarks | Buy (P) | +2,200 | $11.44 | $25.2K | EDGAR |
| 2026-03-10 | Michael C. Forman | See Remarks | Buy (P) | +40,884 | $11.83 | $483.7K | EDGAR |
| 2026-03-09 | Michael C. Forman | See Remarks | Buy (P) | +956 | $11.95 | $11.4K | EDGAR |
| 2025-12-12 | Richard I Goldstein | Director | Buy (P) | +10,000 | $13.62 | $136.2K | EDGAR |
| 2025-12-05 | Michael C. Forman | See Remarks | Buy (P) | +8,588 | $13.39 | $115.0K | EDGAR |
| 2025-12-01 | Gregory P Chandler | Director | Buy (P) | +7,460 | $13.35 | $99.6K | EDGAR |
| 2025-11-28 | Richard I Goldstein | Director | Buy (P) | +11,075 | $13.55 | $150.0K | EDGAR |
| 2025-11-25 | Michael C. Forman | See Remarks | Buy (P) | +10,000 | $13.27 | $132.7K | EDGAR |
| 2025-11-24 | Michael C. Forman | See Remarks | Buy (P) | +16,790 | $13.32 | $223.6K | EDGAR |
| 2025-11-21 | Michael C. Forman | See Remarks | Buy (P) | +1,664 | $13.34 | $22.2K | EDGAR |
| 2025-11-17 | Michael C. Forman | See Remarks | Buy (P) | +48,370 | $13.45 | $650.7K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
FSSL Insider Holdings
5 insiders · @ $11.70
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Michael C. Forman | See Remarks | 170,978 | $2.00M | $1.64M | 7 | 2026-03-10 |
| 2 | Richard I Goldstein | Director | 16,552 | $193.7K | $405.4K | 3 | 2026-03-12 |
| 3 | Gregory P Chandler | Director | 7,460 | $87.3K | $99.6K | 1 | 2025-12-01 |
| 4 | William Blake Goebel | See Remarks | 2,680 | $31.4K | $25.2K | 1 | 2026-03-10 |
| 5 | Pedro A Ramos | Director | 1,000 | $11.7K | $12.4K | 1 | 2026-03-13 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
FSSL Board & Officers
As of SEC filings through Mar 13, 2026Directors 6
- Charles P Pizzi · since Oct 28, 2025
- Gregory P Chandler · since Oct 28, 2025
- Michael C. Forman · since Oct 28, 2025
- Pedro A Ramos · since Oct 28, 2025
- Richard I Goldstein · since Oct 28, 2025
- Sidney R Brown · since Oct 28, 2025
Officers 4
- Michael C. Forman · Trustee, Chairman, President and Chief Executive Officer · since Oct 28, 2025
- William Blake Goebel · CFO and Treasurer · since Dec 31, 2025
- James Francis Volk · Chief Compliance Officer · since Oct 28, 2025
- Stephen Sypherd · General Counsel · since Oct 28, 2025
Changes in the last 10 years (12)
| Dec 31, 2025 | William Blake Goebel became CFO and Treasurer |
| Dec 19, 2025 | The company announced the departure of Edward T Gallivan JR as CFO and Treasurer in an SEC filing |
| Oct 28, 2025 | Stephen Sypherd became General Counsel |
| Oct 28, 2025 | Sidney R Brown became a director |
| Oct 28, 2025 | Richard I Goldstein became a director |
| Oct 28, 2025 | Pedro A Ramos became a director |
| Oct 28, 2025 | Michael C. Forman became a director |
| Oct 28, 2025 | Michael C. Forman became Trustee, Chairman, President and Chief Executive Officer |
| Oct 28, 2025 | James Francis Volk became Chief Compliance Officer |
| Oct 28, 2025 | Gregory P Chandler became a director |
| Oct 28, 2025 | Edward T Gallivan JR became CFO and Treasurer |
| Oct 28, 2025 | Charles P Pizzi became a director |
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
2 ETFs hold FSSL
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.