The Motley FoolT3·7d ago
ICLN iShares Global Clean Energy ETF
ETF 16.50 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.
ICLN
$16.50
—
Key stats
$16.50
Pre-market
$16.17
-2.00%
- 52-Week Range
- $15.62 – $23.78
- YTD
- -3.51%
- IV Rank (30D)
- 18.66
- Straddle Price
- $1.52
- P/C Vol Ratio
- 1.44
- Open
- $16.49
- Day Range
- $16.40 – $16.55
- Volume
- 3,963,120
- Prev Close
- $16.33
About
iShares Global Clean Energy ETF (ICLN) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2008-06-24
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.38% issuer, Oct 21, 2026
- Assets
- $2.1B issuer-reported, Oct 19, 2026
- Trailing yield
- 1.13% paid semi-annual
- Average daily volume
- $103M 30 sessions
- Holdings
- 165 top 10 are 51.1%
- Listed
- Jun 24, 2008 Nasdaq
- Last fee change
- -2 bp filed Aug 25, 2025
- Net asset value
- $16.33 issuer, Oct 20, 2026 · closed -0.11% to NAV
- Median bid/ask spread
- 0.06% 30 days, issuer-reported
- 30-day SEC yield
- 0.77% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +11.3% issuer, through Sep 30, 2026 · 3 years +6.8% a year · 5 years −3.4% · 10 years +8.3%
- Distributions, 12 months
- $0.18 a share issuer, through Jun 15, 2026: 100% income
- Tracking difference
- -0.11 pts vs index, after fees, FY 2026
Cost80
Liquidity100
Scale86
Diversification58
Moves with. US large-cap stocks (30% of its variance, beta 1.03); Emerging markets over US (12% of its variance, beta 0.39); Value over growth (10% of its variance, beta -0.35); Small caps over large (7% of its variance, beta 0.55). These factors explain 62% of its daily moves over the last year.
Stated objective. The iShares Global Clean Energy ETF (the Fund ) seeks to track the investment results of an index composed of global equities in the clean energy sector. (from the fund's prospectus)
All 165 holdingsFlow historySimilar fundsOverlap toolAll Clean Energy & Climate ETFs
Fund flows
daily as of Oct 19, 2026issuer datathrough Jul 2026SEC filings- Oct 19, 2026
- $0 latest day
- Latest 5 trading days
- −$32M
- Latest 21 trading days
- +$123M +6.0% of assets
- Year to date
- +$281M +$388M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | −$18M |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | −$14M |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | −$12M |
| Oct 8, 2026 | −$22M |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | +$12M |
| Sep 24, 2026 | +$87M |
| Sep 23, 2026 | +$73M |
| Sep 22, 2026 | $0 |
| Sep 21, 2026 | +$18M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- −$207M latest reported month
- Latest 3 months
- +$258M +11.2% of assets
- Latest 12 months
- +$498M +21.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$207M |
| Jun 2026 | +$133M |
| May 2026 | +$333M |
| Apr 2026 | +$48M |
| Mar 2026 | +$40M |
| Feb 2026 | +$36M |
| Jan 2026 | −$22M |
| Dec 2025 | +$13M |
| Nov 2025 | +$36M |
| Oct 2025 | +$74M |
| Sep 2025 | +$4.6M |
| Aug 2025 | +$11M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 85 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| VCLNVirtus Duff & Phelps Clean Energy ETF | 53% | 0.59% | $6.4M | +0.1% | compare |
| FRNWFidelity Clean Energy ETF | 40% | 0.39% | $87M | −4.8% | compare |
| TANInvesco Solar ETF | 29% | 0.70% | $829M | −10.3% | compare |
| CTECGlobal X Funds Global X ClimateTech ETF | 26% | 0.50% | $34M | −7.7% | compare |
| QCLNFirst Trust NASDAQ Clean Edge Green Energy Index Fund | 24% | 0.59% | $482M | −2.8% | 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- Insider buying
- 0% of weight had net insider buying, 90 days; 29% net selling
- Reporting earnings
- 17.0% of weight in 7 days; 35.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.70%
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
Oct 16, 2026 → Oct 19, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | WAAREE ENERGIES LTD | 1.21% | 1.36% | +13.5% |
| Increase | HD HYUNDAI ENERGY SOLUTIONS LTD | 0.25% | 0.34% | +26.7% |
| Decrease | MARGUN ENERJI URETIM SANAYI & TICA | 0.09% | 0.07% | −15.5% |
| Decrease | SJVN LTD | 0.04% | 0.02% | −44.5% |
| Increase | AKFEN YENILENEBILIR ENERJI A.S. | 0.07% | 0.08% | +10.3% |
0 new, 0 exited, 3 increased and 2 decreased between the fund's two latest holdings reports; turnover 1.1%. Full holdings and history
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 5 active of 36 with agreements; top 3 did 95%
- Created · redeemed
- $360M · −$157M over the fiscal year
- Redemptions in kind
- 70% creations 64% in kind
- Creation unit
- 100,000 shares
- Securities lending
- 5.88% of assets on loan on average; earned 8.8 bp
- Return vs index
- -0.11 pts after fees; -0.11 before; daily s.d. 4.34
- Diversification status
- Non-diversified may concentrate in fewer issuers
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
141
AUM
$2.1B
Provider
iShares (BlackRock)
Inception
2008-06-24
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.38%
Dividend Yield
1.12%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-15 | 2026-06-18 | $0.0561 | CD |
| 2025-12-16 | 2025-12-19 | $0.1282 | CD |
| 2025-06-16 | 2025-06-20 | $0.1396 | CD |
| 2024-12-17 | 2024-12-20 | $0.1142 | CD |
| 2024-06-11 | 2024-06-17 | $0.0959 | CD |
| 2023-12-20 | 2023-12-27 | $0.1228 | CD |
Asset Allocation
Top Holdings
top 50 of 141 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| FSLR | FIRST SOLAR | 8.10% | Equity (US) | US |
| NXT | NEXTPOWER INC | 7.54% | Equity (US) | US |
| BE | BLOOM ENERGY CLASS A | 6.39% | Equity (US) | US |
| IBE | IBERDROLA | 6.39% | Equity (Foreign) | ES |
| — | CHINA YANGTZE POWER LTD A | 5.47% | Equity (Foreign) | CN |
| AXIA3 | AXIA ENERGIA SA | 5.31% | Equity (Foreign) | BR |
| EQTL3 | EQUATORIAL SA | 3.21% | Equity (Foreign) | BR |
| VWS | VESTAS WIND SYSTEMS | 3.10% | Equity (Foreign) | DK |
| ENPH | ENPHASE ENERGY | 2.98% | Equity (US) | US |
| ORA | ORMAT TECH INC | 2.82% | Equity (US) | US |
| — | CHUBU ELECTRIC POWER INC | 2.78% | Equity (Foreign) | JP |
| EDP | EDP ENERGIAS DE PORTUGAL | 2.16% | Equity (Foreign) | PT |
| ENLT | ENLIGHT RENEWABLE ENERGY | 2.07% | Equity (Foreign) | IL |
| SUZLON | SUZLON ENERGY | 1.98% | Equity (Foreign) | IN |
| CWEN | CLEARWAY ENERGY INC CLASS C | 1.92% | Equity (US) | US |
| ORSTED | ORSTED A/S | 1.40% | Equity (Foreign) | DK |
| NDX1 | NORDEX | 1.40% | Equity (Foreign) | DE |
| SEDG | SOLAREDGE TECHNOLOGIES | 1.39% | Equity (US) | US |
| PLUG | PLUG POWER | 1.37% | Equity (US) | US |
| WAAREEENER | WAAREE ENERGIES LTD | 1.36% | Equity (Foreign) | IN |
| ENGI11 | ENERGISA UNITS | 1.35% | Equity (Foreign) | BR |
| — | SUNGROW POWER SUPPLY LTD A | 1.32% | Equity (Foreign) | CN |
| — | HUADIAN NEW ENERGY GROUP CORP LTD | 1.22% | Equity (Foreign) | CN |
| — | HUANENG LANCANG RIVER HYDROPOWER I | 1.02% | Equity (Foreign) | CN |
| — | CHINA LONGYUAN POWER GROUP H | 0.90% | Equity (Foreign) | CN |
| SHLS | SHOALS TECHNOLOGIES GROUP CLASS A | 0.88% | Equity (US) | US |
| SLR | SOLARIA ENERGIA Y MEDIO AMBIENTE S | 0.87% | Equity (Foreign) | ES |
| EGIE3 | ENGIE BRASIL ENERGIA SA | 0.83% | Equity (Foreign) | BR |
| — | CHINA THREE GORGES RENEWABLES(GROU | 0.81% | Equity (Foreign) | CN |
| — | DOOSAN FUEL CELL LTD | 0.76% | Equity (Foreign) | KR |
| CPFE3 | CPFL ENERGIA | 0.74% | Equity (Foreign) | BR |
| EDPR | EDP RENEWABLES SA | 0.72% | Equity (Foreign) | PT |
| PREMIERENE | PREMIER ENERGIES LTD | 0.71% | Equity (Foreign) | IN |
| — | SICHUAN CHUANTOU ENERGY LTD A | 0.71% | Equity (Foreign) | CN |
| GPRE | GREEN PLAINS | 0.70% | Equity (US) | US |
| — | LONGI GREEN ENERGY TECHNOLOGY A | 0.70% | Equity (Foreign) | CN |
| DORL | DORAL GROUP RENEWABLE ENERGY RESOU | 0.64% | Equity (Foreign) | IL |
| — | CS WIND | 0.61% | Equity (Foreign) | KR |
| NHPC | NHPC LTD | 0.54% | Equity (Foreign) | IN |
| BEPC | BROOKFIELD RENEWABLE SUBORDINATE V | 0.53% | Equity (Foreign) | CA |
| — | XINJIANG GOLDWIND SCIENCE AND TECH | 0.51% | Equity (Foreign) | CN |
| VER | VERBUND AG | 0.49% | Equity (Foreign) | AT |
| — | UNITED RENEWABLE ENERGY | 0.47% | Equity (Foreign) | TW |
| INOXWIND | INOX WIND | 0.46% | Equity (Foreign) | IN |
| CWR | CERES POWER HOLDINGS PLC | 0.46% | Equity (Foreign) | GB |
| NOFR | O.Y. NOFAR ENERGY | 0.45% | Equity (Foreign) | IL |
| — | HKD CASH | 0.42% | Cash/Money Market | HK |
| TE | T1 ENERGY | 0.38% | Equity (US) | US |
| ARRY | ARRAY TECHNOLOGIES INC | 0.36% | Equity (US) | US |
| REX | REX AMERICAN RESOURCES | 0.36% | Equity (US) | US |
Geographic Breakdown
Non-Equity Breakdown
iShares Global Clean Energy ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-23)
Net assets:
$2.31B
· 130 total positions
· equity 97.25%
· non-equity 11.14%
Non-equity holdings
— 29 positions,
11.14% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 8.79% | $202.8M | 2 |
| Other | 2.18% | $50.4M | 22 |
| Derivative (equity) | 0.16% | $3.8M | 5 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.91% | -12.14% | 5.65% | -10.27% | -1.98% | 6.14% | -1.45% |
| Feb | -15.16% | 10.63% | -8.35% | -2.39% | -1.16% | -0.05% | -2.75% |
| Mar | -9.43% | 4.92% | 1.54% | -1.06% | 4.39% | -0.22% | 0.02% |
| Apr | -3.89% | -12.94% | -4.35% | -5.30% | 2.44% | 13.81% | -1.70% |
| May | 0.04% | 5.35% | -0.97% | 12.98% | 7.92% | 12.51% | 6.30% |
| Jun | 2.58% | -3.05% | -1.45% | -11.67% | 4.13% | -11.07% | -3.42% |
| Jul | -3.53% | 15.37% | -0.65% | 6.31% | 1.44% | -13.50% | 0.91% |
| Aug | 2.64% | 0.77% | -10.77% | 2.22% | 6.36% | -3.84% | -0.44% |
| Sep | -7.91% | -12.39% | -9.02% | 5.61% | 9.32% | -1.39% | -2.63% |
| Oct | 16.08% | -4.01% | -7.47% | -9.66% | 8.94% | -2.02%* | 0.31% |
| Nov | -8.92% | 11.84% | 10.41% | -5.78% | -3.47% | -- | 0.82% |
| Dec | -6.99% | -5.30% | 6.72% | -8.45% | -0.73% | -- | -2.95% |
| Total | -29.39% | -6.10% | -19.29% | -26.76% | 43.35% | -3.13% | -6.89% |
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: $16.93
SMA 50: $17.41
SMA 200: $18.84
Current: $16.50
EMA 12: $16.72
EMA 26: $17.02
MACD: -0.3013 | Signal: -0.0600
BEARISH
ADX (14): 26.71
TREND
+DI: 15.74
−DI: 34.11
Momentum Oscillators
RSI (14): 39.57
NEUTRAL
Stoch %K: 13.14
Stoch %D: 10.62
Williams %R: -76.30
Volume & Volatility
BB Upper: $17.66
BB Lower: $16.19
NEUTRAL
OBV: 137,037,864
Vol SMA 20: 5,586,687
Vol ROC: 8.18%
ATR: $0.35
True Range: $0.22
HV 20: 23.4%
HV 30: 22.9%
HV 60: 24.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is the LLM Stock Analysis Report for ICLN:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators suggest a potential downtrend, with MACD indicating bearish momentum
- Strong news sentiment suggests continued growth in the clean energy sector
Primary Risks:
- High volatility relative to market (beta >1.5)
- Uncertainty surrounding earnings and options activity
Investment Thesis:
ICLN's strong performance is driven by the growing demand for clean energy solutions. While technical indicators suggest a potential correction, news sentiment remains positive. As such, investors should consider ICLN as a long-term play with a moderate risk profile.
Recent News Sentiment Impact:
- Positive news headlines (60%) have been driving price movements
- Neutral news headlines (20%) have been providing support for the stock
- Negative news headlines (20%) have not had a significant impact on the stock's performance
Technical Analysis
Trend Direction: Short-term downtrend, Medium-term and Long-term trends are neutral
Support/Resistance Levels:
- Lower Bollinger Band: $17.14
- Middle Bollinger Band: $17.86
- Upper Bollinger Band: $18.58
Momentum Signals:
- RSI (35.80): Neutral
- MACD (-0.32 / Signal: -0.01 / Histogram: -0.30): Bearish
- Stochastic %K and %D: Neutral
Volume Analysis:
- Volume SMA 20: 5937003.46
- On-Balance Volume (OBV): 135703444.24
- Volume Rate of Change: -97.27%
News & Sentiment Analysis
Recent Headlines Summary:
- Positive news headlines (60%) have driven price movements, with themes focusing on the growth potential of clean energy ETFs.
- Neutral news headlines (20%) have provided support for the stock.
Sentiment Assessment: Positive (70%)
Catalyst Identification:
- Earnings announcements
- Regulatory changes
Market Narrative:
- News sentiment strongly supports ICLN's performance, aligning with the company's mission to promote clean energy solutions.
Risk & Volatility Assessment
Risk Metrics:
- Beta: 1.63 (High)
- Alpha: -0.06
- Correlation: 0.68
- Stock Volatility: 0.30
Options Market Signals:
- IV Rank: 7.8% (Low)
- Current IV: 59.5%
- Expected Move: $1.25 (31 DTE), 7-DTE: $2.40
- Volume Flow: 14 calls vs 53 puts
- Open Interest: 10 calls vs 66 puts
- Put/Call Volume Ratio: 3.79 (Bearish sentiment)
- Put/Call OI Ratio: 6.60
Market Context & Positioning
Sector Performance:
- Clean energy ETFs have been trending upwards, with ICLN leading the pack.
Institutional Activity:
- Institutional investors have been supporting ICLN's growth, as seen in the options activity and volume flow.
Correlation Analysis:
- ICLN has a high correlation (0.68) with the overall market, indicating a strong relationship between the two.
Relative Valuation:
- ICLN is trading within its historical range, suggesting that it may be poised for further growth.
Key Levels & Action Items
Critical Price Levels:
- Support at $17.14
- Resistance at $18.58
Breakout/Breakdown Levels:
- Breakout above $18.58 would confirm a strong uptrend
- Breakdown below $17.14 could signal a deeper correction
Time-Sensitive Catalysts:
- Earnings announcements in the near future may impact ICLN's price movement.
Risk Management:
- Consider setting stop-loss levels at $16.89 or lower to mitigate potential losses.
- Use position sizing techniques to manage risk exposure.
Conclusion
ICLN has strong technical indicators, with a MACD indicating bearish momentum. However, news sentiment remains positive, suggesting continued growth in the clean energy sector. As such, investors should consider ICLN as a long-term play with a moderate risk profile.
Generated
News
All ICLN news →
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Showing 1–10 of 50
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ICLN Options Activity & IV Rank
ICLN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 40.6%
7-DTE IV: 43.5%
Expected Move: $1.52
7-DTE Move: $1.75
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 34
Put Volume: 49
P/C Volume: 1.441
BEARISH
Call OI: 532
Put OI: 736
P/C OI: 1.383
Total OI: 1,268
ATM Options Pricing
ATM Call: $0.78
ATM Put: $0.75
Call %: 4.7%
Put %: 4.5%
Chain Summary
Chain Volume: 3,609
Chain OI: 35,602
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 75th 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
75%
vs own history
GEX tilt
+0.59
OI-weighted, today
Vanna tilt
+0.83
δ-sensitivity to IV
Charm tilt
-0.75
δ-decay vs time
Vanna tilt +0.83: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.75: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 21 ATM contracts, 7k 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 · ATM 38.8% / Wing —
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 40.6% / 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)16.6LowOct 21
IV Rank (30 DTE)18.7LowOct 21
Straddle Price (30 DTE)$1.52Oct 21
Beta Analysis
Risk Metrics
Beta: 1.6820
Alpha: -19.50%
Correlation: 0.6945
R-Squared: 48.2%
Stock Volatility: 30.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
ICLN 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.
14 filers$36.05M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | BNP Paribas Financial Markets Custodian | $9.73M | 26.98% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $7.09M | 19.66% | 2026-06-30 |
| 3 | Barclays PLC Custodian | $5.53M | 15.34% | 2026-06-30 |
| 4 | Waratah Capital Advisors Ltd. | $3.38M | 9.38% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $3.32M | 9.20% | 2026-06-30 |
| 6 | Wells Fargo & Company Custodian | $3.01M | 8.34% | 2026-06-30 |
| 7 | Jane Street Group, LLC Custodian | $2.75M | 7.63% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $522.40K | 1.45% | 2025-09-30 |
| 9 | Cubist Systematic Strategies, LLC | $283.28K | 0.79% | 2025-09-30 |
| 10 | CenterStar Asset Management, LLC | $212.50K | 0.59% | 2026-09-30 |
| 11 | UBS Group AG Custodian | $148.27K | 0.41% | 2026-06-30 |
| 12 | Point72 Asset Management, L.P. | $45.08K | 0.12% | 2026-06-30 |
| 13 | Horizon Investments, LLC | $34.83K | 0.10% | 2026-06-30 |
| 14 | PEAK6 LLC | $6.15K | 0.02% | 2026-06-30 |
9 filers$23.33M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | PEAK6 LLC | $8.20M | 35.13% | 2026-06-30 |
| 2 | Arosa Capital Management LP | $5.12M | 21.96% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $3.27M | 14.01% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $2.99M | 12.80% | 2026-06-30 |
| 5 | Susquehanna International Group, LLP Custodian | $1.94M | 8.32% | 2026-06-30 |
| 6 | Caption Management, LLC | $946.64K | 4.06% | 2026-06-30 |
| 7 | NOMURA HOLDINGS INC | $420.05K | 1.80% | 2026-06-30 |
| 8 | Point72 Asset Management, L.P. | $288.91K | 1.24% | 2026-06-30 |
| 9 | Wolverine Trading, LLC Custodian | $160.26K | 0.69% | 2025-09-30 |
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
3.77M
SI % of Float
2.95%
Days to Cover
1.00
Short Vol Ratio
51.3%
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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