BenzingaT3·5mo ago
FVD First Trust Value Line Dividend Fund
ETF 50.63 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.
FVD
$50.63
—
Key stats
$50.63
- 52-Week Range
- $44.63 – $51.41
- YTD
- +9.61%
- IV Rank (30D)
- 34.87
- Straddle Price
- $1.23
- Open
- $49.65
- Day Range
- $49.64 – $50.66
- Volume
- 654,956
- Prev Close
- $49.55
About
First Trust Value Line Dividend Fund (FVD) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2003-08-19
- Has Options
- Yes
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.62% prospectus, filed Apr 30, 2026
- Assets
- $7.9B issuer-reported, Oct 20, 2026
- Trailing yield
- 2.27% paid quarterly
- Average daily volume
- $28M 30 sessions
- Holdings
- 242 top 10 are 4.7%
- Listed
- Aug 19, 2003 NYSE Arca
- Last fee change
- +1 bp filed Apr 30, 2026
- Net asset value
- $49.58 issuer, Oct 20, 2026
- 30-day SEC yield
- 2.45% issuer, Sep 30, 2026
- Tracking difference
- -0.77 pts vs index, after fees, FY 2025
Cost18
Liquidity81
Scale100
Diversification100
Moves with. Value over growth (41% of its variance, beta 0.60); US large-cap stocks (20% of its variance, beta 0.68); Long Treasuries (4% of its variance, beta 0.13); Developed markets ex-US over US (4% of its variance, beta 0.14). These factors explain 76% of its daily moves over the last year.
Stated objective. The First Trust Value Line Dividend Index Fund (the Fund ) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Value Line Dividend Index (the Index ). (from the fund's prospectus)
All 242 holdingsFlow historySimilar fundsOverlap toolAll Dividend ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- −$67M latest reported month
- Latest 3 months
- −$252M −3.1% of assets
- Latest 12 months
- −$1.6B −20.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$67M |
| May 2026 | −$102M |
| Apr 2026 | −$84M |
| Mar 2026 | −$84M |
| Feb 2026 | −$170M |
| Jan 2026 | −$220M |
| Dec 2025 | −$95M |
| Nov 2025 | −$253M |
| Oct 2025 | −$291M |
| Sep 2025 | −$76M |
| Aug 2025 | −$92M |
| Jul 2025 | −$86M |
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 | |
|---|---|---|---|---|---|
| LGLVState Street SPDR US Large Cap Low Volatility Index ETF | 39% | 0.12% | $1.2B | +4.6% | compare |
| SIXLETC 6 Meridian Low Beta Equity ETF | 35% | 0.46% | $204M | +7.0% | compare |
| PAPIParametric Equity Premium Income ETF | 35% | 0.29% | $400M | +7.0% | compare |
| JPUSJPMorgan Diversified Return US Equity ETF | 35% | 0.18% | $462M | +14.2% | compare |
| CFAVictoryShares US 500 Volatility Wtd ETF | 35% | 0.35% | $530M | +10.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +7.2% 37% under, 24% over · 100% covered
- Price / earnings
- 19.5 2% loss-making · 87% covered
- Price / book · sales
- 2.5 · 2.4 revenue growth +5.6%
- Above 200-day average
- 54% 62% above 50-day · by weight
- Short interest
- 3.8% of float, weighted · 4.6 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 43% net selling
- 13F holders
- +1.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 37.7% of weight in 7 days; 72.7% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.36%
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 |
|---|---|---|---|---|
| Exit | LSTRLandstar System Inc. | 0.45% | — | — |
| Exit | CPBThe Campbells Co. | 0.44% | — | — |
| Exit | GPCGenuine Parts Co | 0.44% | — | — |
| Exit | ZTSZoetis Inc. | 0.43% | — | — |
| New position | BROBROWN & BROWN INC | — | 0.43% | — |
| New position | SHWSHERWIN-WILLIAMS COMPANY (THE) | — | 0.42% | — |
| Exit | RJFRaymond James Financial Inc. | 0.42% | — | — |
| New position | VTRVENTAS INC | — | 0.42% | — |
| Exit | TSCOTractor Supply Co | 0.42% | — | — |
| New position | VRSKVERISK ANALYTICS INC | — | 0.41% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.3%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 10 active of 26 with agreements; top 3 did 81%
- Created · redeemed
- $1.1B · $2.5B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- -0.77 pts after fees; -0.10 before; daily s.d. 0.05
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
242
AUM
$7.9B
Provider
First Trust
Inception
2003-08-19
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.62%
Dividend Yield
2.27%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-24 | 2026-09-30 | $0.2562 | CD |
| 2026-06-25 | 2026-06-30 | $0.2907 | CD |
| 2026-03-26 | 2026-03-31 | $0.2570 | CD |
| 2025-12-12 | 2025-12-31 | $0.3186 | CD |
| 2025-09-25 | 2025-09-30 | $0.2519 | CD |
| 2025-06-26 | 2025-06-30 | $0.2556 | CD |
Asset Allocation
Top Holdings
top 50 of 242 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| ACN | Accenture plc | 0.52% | Equity (Foreign) | IE |
| CBOE | Cboe Global Markets, Inc. | 0.47% | Equity (US) | US |
| CTSH | Cognizant Technology Solutions Corporation | 0.47% | Equity (US) | US |
| INFY | Infosys Limited (ADR) | 0.47% | Equity (Foreign) | IN |
| CCEP | Coca-Cola European Partners Plc | 0.46% | Equity (Foreign) | GB |
| XOM | ExxonMobil Holdings Corp. | 0.46% | Equity (US) | US |
| KDP | Keurig Dr Pepper Inc. | 0.46% | Equity (US) | US |
| SHEL | Shell plc (ADR) | 0.46% | Equity (Foreign) | GB |
| TJX | The TJX Companies, Inc. | 0.46% | Equity (US) | US |
| AIG | American International Group, Inc. | 0.45% | Equity (US) | US |
| AMGN | Amgen Inc. | 0.45% | Equity (US) | US |
| CVX | Chevron Corporation | 0.45% | Equity (US) | US |
| CHD | Church & Dwight Co., Inc. | 0.45% | Equity (US) | US |
| CTAS | Cintas Corporation | 0.45% | Equity (US) | US |
| STZ | Constellation Brands, Inc. (Class A) | 0.45% | Equity (US) | US |
| KMB | Kimberly-Clark Corporation | 0.45% | Equity (US) | US |
| LIN | Linde Plc | 0.45% | Equity (Foreign) | IE |
| MRSH | Marsh & McLennan Companies, Inc. | 0.45% | Equity (US) | US |
| PNW | Pinnacle West Capital Corporation | 0.45% | Equity (US) | US |
| SYK | Stryker Corporation | 0.45% | Equity (US) | US |
| WM | Waste Management, Inc. | 0.45% | Equity (US) | US |
| ABBV | AbbVie Inc. | 0.44% | Equity (US) | US |
| APD | Air Products and Chemicals, Inc. | 0.44% | Equity (US) | US |
| MO | Altria Group, Inc. | 0.44% | Equity (US) | US |
| AJG | Arthur J. Gallagher & Co. | 0.44% | Equity (US) | US |
| ADP | Automatic Data Processing, Inc. | 0.44% | Equity (US) | US |
| BDX | Becton, Dickinson and Company | 0.44% | Equity (US) | US |
| BKH | Black Hills Corporation | 0.44% | Equity (US) | US |
| BR | Broadridge Financial Solutions, Inc. | 0.44% | Equity (US) | US |
| CL | Colgate-Palmolive Company | 0.44% | Equity (US) | US |
| ED | Consolidated Edison, Inc. | 0.44% | Equity (US) | US |
| DEO | Diageo plc (ADR) | 0.44% | Equity (Foreign) | GB |
| DLB | Dolby Laboratories, Inc. | 0.44% | Equity (US) | US |
| KVUE | Kenvue Inc. | 0.44% | Equity (US) | US |
| NWE | NorthWestern Energy Group, Inc. | 0.44% | Equity (US) | US |
| NVS | Novartis AG (ADR) | 0.44% | Equity (Foreign) | CH |
| OTIS | Otis Worldwide Corporation | 0.44% | Equity (US) | US |
| PBA | Pembina Pipeline Corporation | 0.44% | Equity (Foreign) | CA |
| PFE | Pfizer Inc. | 0.44% | Equity (US) | US |
| RGA | Reinsurance Group of America, Incorporated | 0.44% | Equity (US) | US |
| RSG | Republic Services, Inc. | 0.44% | Equity (US) | US |
| SSNC | SS&C Technologies Holdings, Inc. | 0.44% | Equity (US) | US |
| STE | Steris Plc | 0.44% | Equity (Foreign) | IE |
| KO | The Coca-Cola Company | 0.44% | Equity (US) | US |
| SJM | The J.M. Smucker Company | 0.44% | Equity (US) | US |
| PG | The Procter & Gamble Company | 0.44% | Equity (US) | US |
| YUM | Yum! Brands, Inc. | 0.44% | Equity (US) | US |
| LNT | Alliant Energy Corporation | 0.43% | Equity (US) | US |
| AMCR | Amcor plc | 0.43% | Equity (Foreign) | CH |
| AEP | American Electric Power Company, Inc. | 0.43% | Equity (US) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.17% | -2.52% | 2.22% | -1.13% | 2.37% | 3.66% | 0.74% |
| Feb | 1.09% | -2.41% | -3.55% | 0.76% | 2.26% | 4.40% | 0.43% |
| Mar | 5.82% | 4.99% | 1.70% | 2.82% | -1.61% | -6.09% | 1.27% |
| Apr | 3.35% | -4.88% | 0.95% | -2.63% | -1.73% | 1.87% | -0.51% |
| May | 1.61% | 1.83% | -5.06% | 2.48% | 2.61% | -0.98% | 0.42% |
| Jun | -1.39% | -4.99% | 3.38% | -2.04% | 0.07% | 2.58% | -0.40% |
| Jul | 1.35% | 3.56% | 1.54% | 6.73% | -0.79% | 3.46% | 2.64% |
| Aug | 2.07% | -2.98% | -3.86% | 3.51% | 3.68% | -0.24% | 0.36% |
| Sep | -5.56% | -9.60% | -4.50% | 2.04% | 0.33% | -6.27% | -3.93% |
| Oct | 4.38% | 5.81% | -0.35% | -1.83% | -2.13% | 7.77%* | 2.27% |
| Nov | -2.97% | 7.08% | 5.30% | 4.76% | 3.51% | -- | 3.54% |
| Dec | 7.73% | -3.58% | 2.68% | -6.11% | -0.26% | -- | 0.09% |
| Total | 17.88% | -8.80% | -0.21% | 8.99% | 8.37% | 9.64% | 5.98% |
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: $48.07
SMA 50: $49.10
SMA 200: $48.46
Current: $50.63
EMA 12: $48.95
EMA 26: $48.66
MACD: 0.2966 | Signal: 0.3745
BEARISH
ADX (14): 34.03
TREND
+DI: 43.39
−DI: 16.10
Momentum Oscillators
RSI (14): 72.37
OVERBOUGHT
Stoch %K: 98.14
Stoch %D: 94.04
Williams %R: -0.64
Volume & Volatility
BB Upper: $50.15
BB Lower: $45.99
OVERBOUGHT
OBV: -1,271,982
Vol SMA 20: 611,979
Vol ROC: -18.49%
ATR: $0.50
True Range: $1.11
HV 20: 12.0%
HV 30: 11.7%
HV 60: 10.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
Stock Analysis Report: FVD (First Trust Value Line Dividend Fund)
Executive Summary
Overall Assessment: NEUTRAL | Confidence Level: 6/10
FVD is a large-cap dividend-focused ETF ($7.7B in assets) experiencing mixed signals that warrant cautious positioning. The fund exhibits low systematic risk (Beta 0.20, Correlation 0.25) with defensive characteristics, but is currently displaying technical overbought conditions with deteriorating momentum despite holdings trading at a modest premium to fair value. The recurring positive news sentiment around distributions provides consistent support, yet significant fund outflows (-$1.6B over 12 months, -20.1% of assets) suggest investor redemptions that may pressure performance.
Key Drivers:
- Stable 2.32% trailing yield providing consistent income support
- Relatively low expense ratio (0.62%) competitive within the dividend category
- Highly diversified 242-position portfolio with top 10 holdings at only 4.6% of fund
- Strong insider buying signals (+8.0% of weight over 90 days)
Primary Risks:
- Severe fund outflows indicate potential distribution cuts or structural headwinds
- Technical overbought conditions (Stochastic 92.20, BB signal) with bearish MACD divergence
- Elevated implied volatility (IV Premium +275.7% vs realized) suggesting options market pricing tail risk
- Holdings trading 7.8% above fair value creates valuation vulnerability
Investment Thesis: FVD offers defensive dividend exposure with low market correlation, but faces headwinds from persistent fund redemptions and overbought technicals that may reverse recent price strength. The 2.32% yield and robust insider buying provide fundamental support, yet the 275.7% IV premium warrants caution on further upside until technical signals normalize.
Recent News Sentiment Impact: Consistently positive—routine distribution announcements maintain investor confidence and support equity valuation. However, these announcements alone have not arrested the -20.1% annual fund outflows, suggesting deeper structural issues may be at play (possible fund strategy challenges, competitive disadvantages, or changing investor preferences for dividend strategies).
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH SETUP
- Price ($48.87) is marginally above the SMA 20 ($47.70, +2.4%), indicating recent strength but weak conviction
- Price is below both SMA 50 ($49.20, -0.67%) and sitting near but below SMA 200 ($48.38, +1.0%)
- The ADX (35.74) confirms a strong downtrend is in place, though the current price appears to be in a temporary bounce
- EMA alignment (EMA 12: $47.95 below EMA 26: $48.18) confirms bearish structure
Medium-term (1-3 months): MIXED/CORRECTIVE
- Price consolidating around the 200-day MA ($48.38), a critical pivot
- The uptrend from lows has stalled; current technicals suggest mean reversion risk back toward SMA 50 ($49.20) resistance
Long-term (3-12 months): NEUTRAL-TO-DEFENSIVE
- Fund flows (-20.1% annually) and valuation premium (+7.8%) suggest structural headwinds limiting upside
- Low beta (0.20) positions fund as defensive during market turbulence but limits upside capture
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $48.87 | Current Price | Trading at upper resistance band; vulnerable to pullback | | $49.20 | SMA 50 | Key medium-term resistance; rejection here signals weakness | | $48.38 | SMA 200 | Critical support; breach could trigger systematic selling | | $48.81 | Bollinger Upper Band | Currently at band; extreme overbought condition | | $47.70 | SMA 20 / BB Middle | Near-term support; holds if trend remains intact | | $46.58 | Bollinger Lower Band | Secondary support; ATR ($0.44) suggests this is 15+ days away |
Key Observation: Price is hugging the upper Bollinger Band while simultaneously positioned above all major moving averages—a precarious technical setup suggesting imminent mean reversion.
Momentum Signals
RSI (14): 60.41 — Neutral, but approaching overbought
- Reading sits in neutral zone (30-70 range) but elevated within that band
- Not yet signaling extreme overbought (>70), but upward trajectory concerning
- Suggests room for further upside short-term, but no confirmation of strength
Stochastic Oscillator: %K 92.20 / %D 84.58 — EXTREMELY OVERBOUGHT
- %K at 92.20 is in extreme overbought territory (>80 threshold)
- %K >> %D (92.20 vs 84.58) shows aggressive momentum but setup for divergence
- This reading typically precedes pullbacks within 3-5 trading days
- Bearish signal for short-term traders; suggests pullback risk imminent
Williams %R: -11.09 — Extremely Overbought
- Reading of -11.09 (on -100 to 0 scale) indicates extreme overbought
- Corroborates Stochastic signal; reinforces mean reversion risk
MACD: -0.23 / Signal: 0.25 / Histogram: -0.48 — BEARISH DIVERGENCE
- MACD line (-0.23) is below signal line (0.25)
- Histogram is negative (-0.48) and widening, indicating strengthening bearish momentum
- Despite price near recent highs, MACD is declining—classic bearish divergence
- This is a critical red flag: Price and momentum are decoupling, suggesting uptrend is losing power
- Potential MACD bearish crossover imminent if signal line continues rising
Bollinger Bands Analysis
Current Position: OVERBOUGHT / SQUEEZE ENDING
- Upper Band: $48.81 (price currently AT this level at $48.87—within 0.1%)
- Lower Band: $46.58 (width of $2.23 or 4.69% of price)
- Band width (4.69) suggests moderate compression; volatility expansion possible
Signal Interpretation:
- Price at upper band signals overbought extremes
- Historical volatility (HV20: 9.7%, HV30: 9.4%) is low relative to current IV (35.2%), suggesting mean reversion mechanics may reward pullbacks
- The combination of upper band touch + Bollinger Band "squeeze signal" indicates potential for either breakout above $49.20 or pullback toward $47.70 middle band
Volume Analysis
Volume Trends:
- Volume SMA 20: 628,278 shares (baseline for this fund)
- Volume Rate of Change: +5.09% (slightly elevated vs recent average)
- Current volume trend is modestly above normal, suggesting some institutional activity but not panic volume
On-Balance Volume (OBV): -2,097,270
- Negative OBV indicates more shares sold on down days than bought on up days over the analyzed period
- Critical insight: Despite price hovering near highs, OBV is deeply negative, indicating underlying selling pressure
- This divergence (price high / OBV low) is a bearish signal suggesting price is being supported by fewer and fewer buyers
- When combined with Stochastic overbought, this OBV weakness suggests the current rally is running out of fuel
Institutional Interest Signals:
- Modest volume elevation (+5.09%) does not suggest strong institutional accumulation
- Fund outflows (-$252M over 3 months, -$1.6B annually) are structural redemptions, not tactical selling
- The negative OBV suggests retail/systematic rebalancing may be driving price, not fresh institutional demand
News & Sentiment Analysis
Recent Headlines Summary
All six recent headlines follow an identical pattern: routine cash distribution announcements from FT Portfolios Canada Co. spanning from January 2025 through May 2026. The headlines are:
- Distribution announcements (May 2026, April 2026, February 2026, January 2026)
- Generic fund administration communications
- Recurring quarterly/monthly cadence with minimal variation
Key Themes:
- Consistency: Regular dividend distributions reinforce the fund's core value proposition
- Repetition: The formulaic nature of announcements suggests stable management but limited newsworthy
Generated
News
All FVD news →
BenzingaT3·6mo ago
BenzingaT3·8mo ago
BenzingaT3·9mo ago
GlobeNewswire Inc.T3·10mo ago
GlobeNewswire Inc.T3·21mo ago
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Zacks Investment ResearchT3·28mo ago
Zacks Investment ResearchT3·29mo ago
Zacks Investment ResearchT3·30mo ago
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FVD Options Activity & IV Rank
FVD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 22.1%
7-DTE IV: —
Expected Move: $1.23
7-DTE Move: $1.23
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0
ATM Options Pricing
ATM Call: $0.00
ATM Put: $1.23
Call %: 0.0%
Put %: 2.4%
Chain Summary
Chain Volume: 4
Chain OI: 4
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
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 13.1% / 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)34.9MediumOct 22
Straddle Price (30 DTE)$1.23Oct 22
Beta Analysis
Risk Metrics
Beta: 0.1683
Alpha: 7.55%
Correlation: 0.2043
R-Squared: 4.2%
Stock Volatility: 10.5%
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
FVD 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
188.20K
SI % of Float
0.12%
Days to Cover
1.00
Short Vol Ratio
16.7%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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