The Motley FoolT3·9mo ago
FTHI First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF
ETF 23.61 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.
FTHI
$23.61
—
Key stats
$23.61
- 52-Week Range
- $22.37 – $24.39
- YTD
- -0.59%
- IV Rank (30D)
- 11.35
- Straddle Price
- $1.15
- P/C Vol Ratio
- 0.00
- Open
- $23.70
- Day Range
- $23.55 – $23.70
- Volume
- 661,629
- Prev Close
- $23.71
About
First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETF (FTHI) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2014-01-06
- Has Options
- Yes
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jun 2026flows, SEC filings
Sells options for income. Distributions can exceed what the strategy earns, in which case part of the payout is the fund's own capital. Compare the distribution rate with the price change in the ETF lab.
- Expense ratio
- 0.75% prospectus, filed Apr 30, 2026
- Assets
- $2.6B issuer-reported, Oct 19, 2026
- Trailing yield
- 8.92% paid monthly
- Average daily volume
- $17M 30 sessions
- Holdings
- 196 top 10 are 33.7%
- Listed
- Jan 6, 2014 Nasdaq
- Last fee change
- -1 bp filed Apr 30, 2026
- Net asset value
- $23.62 issuer, Oct 19, 2026
- 30-day SEC yield
- 0.91% issuer, Sep 30, 2026
Cost65
Liquidity74
Scale89
Diversification74
Moves with. US large-cap stocks (65% of its variance, beta 0.58); Value over growth (6% of its variance, beta -0.07); High yield over Treasuries (4% of its variance, beta 0.27). These factors explain 76% of its daily moves over the last year.
Stated objective. The First Trust BuyWrite Income ETFs (the Fund ) primary investment objective is to provide current income. The Fund's secondary investment objective is to provide capital appreciation. (from the fund's prospectus)
All 196 holdingsFlow historySimilar fundsOverlap toolAll Covered Call ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$85M latest reported month
- Latest 3 months
- +$229M +9.8% of assets
- Latest 12 months
- +$910M +38.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$85M |
| May 2026 | +$87M |
| Apr 2026 | +$57M |
| Mar 2026 | +$78M |
| Feb 2026 | +$61M |
| Jan 2026 | +$93M |
| Dec 2025 | +$82M |
| Nov 2025 | +$66M |
| Oct 2025 | +$91M |
| Sep 2025 | +$82M |
| Aug 2025 | +$84M |
| Jul 2025 | +$45M |
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 | |
|---|---|---|---|---|---|
| IWLiShares Russell Top 200 ETF | 52% | 0.15% | $2.3B | +15.1% | compare |
| KLMNInvesco MSCI North America Climate ETF | 52% | 0.09% | $2.3B | +15.5% | compare |
| FINAFidelity MSCI North American Subset Index ETF | 52% | 0.09% | $2.1B | — | compare |
| GSUSGoldman Sachs MarketBeta U.S. Equity ETF | 51% | 0.07% | $3.4B | +15.3% | compare |
| PBUSInvesco MSCI USA ETF | 51% | 0.04% | $10.7B | +15.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Holdings vs fair value
- +3.7% 27% under, 14% over · 100% covered
- Price / earnings
- 25.3 3% loss-making · 91% covered
- Price / book · sales
- 4.6 · 3.4 revenue growth +13.3%
- Above 200-day average
- 70% 50% above 50-day · by weight
- Short interest
- 2.6% of float, weighted · 3.2 days to cover
- Insider buying
- 6% of weight had net insider buying, 90 days; 62% net selling
- 13F holders
- +2.6% change in shares held by institutions, latest quarter
- Reporting earnings
- 22.9% of weight in 7 days; 58.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.54%
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
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | GEVGE VERNOVA INC | 0.35% | 3.00% | +596.1% |
| Increase | NEBIUS GROUP NV | 0.26% | 2.69% | +324.1% |
| Exit | BRK.BBerkshire Hathaway Inc. | 2.16% | — | — |
| Increase | DELLDELL TECHNOLOGIES INC | 0.32% | 1.99% | +159.7% |
| Increase | ORCLORACLE CORP | 0.15% | 1.54% | +984.1% |
| Increase | AMGNAMGEN INC | 0.12% | 1.34% | +1098.2% |
| Decrease | TAT&T INC | 1.16% | 0.19% | −75.3% |
| Decrease | JNJJOHNSON & JOHNSON | 2.00% | 1.10% | −42.6% |
| Exit | PGRThe Progressive Corporation | 0.73% | — | — |
| Increase | LLYELI LILLY & COMPANY | 0.31% | 1.00% | +169.5% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.7%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 6 active of 24 with agreements; top 3 did 85%
- Created · redeemed
- $945M · $184M over the fiscal year
- Redemptions in kind
- 98% creations 99% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
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
196
AUM
$2.6B
Provider
First Trust
Inception
2014-01-06
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.75%
Dividend Yield
8.95%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-21 | 2026-10-30 | $0.1760 | CD |
| 2026-09-24 | 2026-09-30 | $0.1790 | CD |
| 2026-08-21 | 2026-08-31 | $0.1790 | CD |
| 2026-07-21 | 2026-07-31 | $0.1790 | CD |
| 2026-06-25 | 2026-06-30 | $0.1720 | CD |
| 2026-05-21 | 2026-05-29 | $0.1720 | CD |
Asset Allocation
Top Holdings
top 50 of 196 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| AAPL | Apple Inc. | 7.88% | Equity (US) | US |
| NVDA | NVIDIA Corporation | 6.76% | Equity (US) | US |
| — | US Dollar | 5.56% | Cash/Money Market | — |
| MSFT | Microsoft Corporation | 3.19% | Equity (US) | US |
| AMZN | Amazon.com, Inc. | 2.64% | Equity (US) | US |
| JPM | JPMorgan Chase & Co. | 2.58% | Equity (US) | US |
| GOOGL | Alphabet Inc. (Class A) | 2.36% | Equity (US) | US |
| ASML | ASML Holding N.V. (New York Registry Shares) | 2.12% | Equity (Foreign) | NL |
| DELL | Dell Technologies Inc. (Class C) | 2.06% | Equity (US) | US |
| BAC | Bank of America Corporation | 1.97% | Equity (US) | US |
| COST | Costco Wholesale Corporation | 1.95% | Equity (US) | US |
| AVGO | Broadcom Inc. | 1.89% | Equity (US) | US |
| GOOG | Alphabet Inc. (Class C) | 1.71% | Equity (US) | US |
| AMGN | Amgen Inc. | 1.57% | Equity (US) | US |
| META | Meta Platforms, Inc. (Class A) | 1.37% | Equity (US) | US |
| GILD | Gilead Sciences, Inc. | 1.33% | Equity (US) | US |
| FTNT | Fortinet, Inc. | 1.27% | Equity (US) | US |
| CSCO | Cisco Systems, Inc. | 1.24% | Equity (US) | US |
| LIN | Linde Plc | 1.22% | Equity (Foreign) | IE |
| XOM | ExxonMobil Holdings Corp. | 1.19% | Equity (US) | US |
| ABBV | AbbVie Inc. | 1.15% | Equity (US) | US |
| CCEP | Coca-Cola European Partners Plc | 1.14% | Equity (Foreign) | GB |
| LLY | Eli Lilly and Company | 1.07% | Equity (US) | US |
| JNJ | Johnson & Johnson | 1.07% | Equity (US) | US |
| TSLA | Tesla, Inc. | 1.00% | Equity (US) | US |
| MU | Micron Technology, Inc. | 0.98% | Equity (US) | US |
| TDG | TransDigm Group Incorporated | 0.96% | Equity (US) | US |
| UNP | Union Pacific Corporation | 0.93% | Equity (US) | US |
| MO | Altria Group, Inc. | 0.83% | Equity (US) | US |
| PLTR | Palantir Technologies Inc. (Class A) | 0.81% | Equity (US) | US |
| CL | Colgate-Palmolive Company | 0.77% | Equity (US) | US |
| JXN | Jackson Financial Inc. (Class A) | 0.73% | Equity (US) | US |
| WMT | Walmart Inc. | 0.72% | Equity (US) | US |
| DINO | HF Sinclair Corp. | 0.67% | Equity (US) | US |
| NVS | Novartis AG (ADR) | 0.67% | Equity (Foreign) | CH |
| HLT | Hilton Worldwide Holdings Inc. | 0.61% | Equity (US) | US |
| CVX | Chevron Corporation | 0.60% | Equity (US) | US |
| IDCC | InterDigital, Inc. | 0.60% | Equity (US) | US |
| RPRX | Royalty Pharma Plc (Class A) | 0.58% | Equity (Foreign) | GB |
| KO | The Coca-Cola Company | 0.58% | Equity (US) | US |
| EME | EMCOR Group, Inc. | 0.55% | Equity (US) | US |
| CCI | Crown Castle Inc. | 0.54% | Equity (US) | US |
| IDA | IDACORP, Inc. | 0.53% | Equity (US) | US |
| UPS | United Parcel Service, Inc. (Class B) | 0.52% | Equity (US) | US |
| C | Citigroup Inc. | 0.51% | Equity (US) | US |
| FTI | TechnipFMC Plc | 0.50% | Equity (Foreign) | GB |
| CI | The Cigna Group | 0.50% | Equity (US) | US |
| CB | Chubb Limited | 0.49% | Equity (Foreign) | CH |
| EQIX | Equinix, Inc. | 0.49% | Equity (US) | US |
| TRV | The Travelers Companies, Inc. | 0.49% | Equity (US) | US |
Geographic Breakdown
Non-Equity Breakdown
First Trust BuyWrite Income ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-21)
Net assets:
$2.35B
· 175 total positions
· equity 97.09%
· non-equity 2.86%
Non-equity holdings
— 7 positions,
2.86% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 4.18% | $98.3M | 1 |
| Derivative (equity) | -1.32% | $-31114490 | 6 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.10% | -1.44% | 4.48% | 1.26% | 1.12% | 0.00% | 0.89% |
| Feb | -0.34% | -0.95% | -2.20% | 1.42% | -1.28% | -1.00% | -0.73% |
| Mar | 2.00% | 5.34% | 1.20% | 1.13% | -4.08% | -3.25% | 0.39% |
| Apr | 0.57% | -7.10% | 0.69% | -2.98% | -1.82% | 2.64% | -1.33% |
| May | 1.47% | 1.24% | 0.39% | 2.80% | 2.83% | 0.46% | 1.53% |
| Jun | -1.32% | -8.87% | 2.09% | 0.36% | 2.47% | 0.51% | -0.79% |
| Jul | -3.13% | 4.93% | 1.19% | 0.53% | 1.23% | -0.30% | 0.74% |
| Aug | 1.56% | -4.38% | -0.85% | 1.60% | 1.66% | -0.21% | -0.10% |
| Sep | -0.46% | -8.75% | -3.50% | 2.08% | 2.46% | -0.51% | -1.45% |
| Oct | 1.85% | 3.39% | -2.11% | -0.04% | 0.21% | 0.04%* | 0.56% |
| Nov | -3.10% | 3.44% | 4.07% | 3.79% | -0.42% | -- | 1.56% |
| Dec | 1.32% | -4.35% | 1.18% | -2.43% | -0.08% | -- | -0.87% |
| Total | 0.14% | -17.45% | 6.49% | 9.72% | 4.15% | -1.70% | 0.22% |
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: $23.77
SMA 50: $23.87
SMA 200: $23.72
Current: $23.61
EMA 12: $23.75
EMA 26: $23.79
MACD: -0.0362 | Signal: -0.0226
BEARISH
ADX (14): 10.35
RANGE
+DI: 21.34
−DI: 27.37
Momentum Oscillators
RSI (14): 41.27
NEUTRAL
Stoch %K: 30.68
Stoch %D: 36.63
Williams %R: -86.60
Volume & Volatility
BB Upper: $24.04
BB Lower: $23.50
NEUTRAL
OBV: 4,647,135
Vol SMA 20: 644,563
Vol ROC: -50.78%
ATR: $0.17
True Range: $0.16
HV 20: 6.5%
HV 30: 7.4%
HV 60: 8.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical signals indicate a neutral-to-bullish trend
- News sentiment is positive, but recent headlines do not strongly contradict technical signals
- Low volatility and moderate beta suggest low risk
Primary Risks:
- Overbought RSI reading (>70) could trigger a potential sell signal
- Bearish MACD crossover (signal line below zero) could indicate further declines
Investment Thesis: FTHI appears to be in a consolidation phase, with technical indicators suggesting a range-bound trend. Recent positive news headlines may support short-term gains, but overall risk-reward analysis favors a neutral stance.
Recent News Sentiment Impact: The recent positive news headline (Advisor Pours $23 Million Into an 8.7% Yield Play) has had a limited impact on the stock's price movement.
Technical Analysis
Trend Direction: Short-term: NEUTRAL, Medium-term: BULLISH, Long-term: NEUTRAL
Support/Resistance Levels: SMA 20 ($24.00), Upper Bollinger Band ($24.38)
Momentum Signals:
- RSI (14): 56.52 (neutral)
- MACD signal line: -0.01 (bullish), Histogram: 0.01 (bullish)
- Bollinger Bands position: neutral
Volume Analysis: Volume SMA 20: 556859.68, On-Balance Volume (OBV): 11542037.21, Volume Rate of Change: -24.97%
News & Sentiment Analysis
Recent Headlines Summary: Positive news headline about an investment in FTHI, neutral article discussing ways to invest in gold and copper miner Barrick.
Sentiment Assessment: Aggregate sentiment is positive (55%).
Catalyst Identification: No immediate catalysts, but upcoming earnings reports could provide insights into the company's performance.
Market Narrative: The market narrative is mixed, with some articles highlighting FTHI's potential for growth while others focus on its sector performance.
Risk & Volatility Assessment
Beta Interpretation: Beta: 0.66 (low-risk stock)
Volatility Regime: Current vs historical volatility levels: low volatility (0.10), HV20 8.1%, HV30 10.1%, HV60 9.4%
Options Market Signals: IV Rank: 28.1% (Medium), Expected Move: $1.12 (43 DTE), Put/Call Volume Ratio: 12.50 (Bearish sentiment)
Market Context & Positioning
Sector Performance: FTHI's sector is performing relatively strong.
Institutional Activity: Moderate institutional interest, with a slight bias towards calls.
Correlation Analysis: Stock moves in line with the market (R-squared interpretation: 0.86).
Relative Valuation: FTHI is positioned within its trading range, with some room for short-term movements.
Key Levels & Action Items
- Critical Price Levels: SMA 20 ($24.00), Upper Bollinger Band ($24.38)
- Breakout/Breakdown Levels: Not applicable at this time
- Time-Sensitive Catalysts: Earnings reports (no specific dates available)
- Risk Management: Monitor RSI levels and potential sell signals, adjust position sizes accordingly.
By analyzing the technical indicators, news sentiment, and risk metrics, FTHI appears to be in a consolidation phase with some room for short-term movements. The low volatility and moderate beta suggest a relatively low-risk stock. However, the overbought RSI reading and bearish MACD crossover indicate potential risks. A neutral stance is recommended, with adjustments based on future news headlines and technical signals.
Generated
News
All FTHI news →
Investing.comT3·53mo ago
FTHI Options Activity & IV Rank
FTHI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 18.5%
7-DTE IV: —
Expected Move: $1.15
7-DTE Move: $1.15
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 100
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 100
Put OI: 0
P/C OI: —
Total OI: 100
ATM Options Pricing
ATM Call: $0.42
ATM Put: $0.72
Call %: 1.8%
Put %: 3.1%
Chain Summary
Chain Volume: 108
Chain OI: 100
Last Updated: 10/21/2026
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
TYPICAL γ
Estimated net dealer gamma is at the 66th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
66%
vs own history
GEX tilt
-1.00
OI-weighted, today
Vanna tilt
+0.59
δ-sensitivity to IV
Charm tilt
+0.10
δ-decay vs time
Vanna tilt +0.59: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
? 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
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 16.5% / 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)11.3LowOct 21
Straddle Price (30 DTE)$1.15Oct 21
Beta Analysis
Risk Metrics
Beta: 0.6507
Alpha: -9.33%
Correlation: 0.8535
R-Squared: 72.8%
Stock Volatility: 9.7%
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
FTHI 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.
2 filers$2.55M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | IMC-Chicago, LLC Custodian | $2.42M | 94.69% | 2026-06-30 |
| 2 | Simplex Trading, LLC Custodian | $135.36K | 5.31% | 2026-06-30 |
2 filers$1.01M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | IMC-Chicago, LLC Custodian | $786.17K | 77.66% | 2026-06-30 |
| 2 | Simplex Trading, LLC Custodian | $226.17K | 22.34% | 2026-06-30 |
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
104.08K
SI % of Float
0.10%
Days to Cover
1.00
Short Vol Ratio
51.7%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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