Zacks Investment ResearchT3·33mo ago
ICSH iShares Ultra Short Duration Bond Active ETF
ETF 50.38 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.
ICSH
$50.38
—
Key stats
$50.38
Pre-market
$50.38
+0.00%
- 52-Week Range
- $50.23 – $50.77
- YTD
- -0.40%
- IV Rank (30D)
- 12.57
- Straddle Price
- $0.50
- P/C Vol Ratio
- 0.00
- Open
- $50.38
- Day Range
- $50.37 – $50.40
- Volume
- 1,581,986
- Prev Close
- $50.38
About
iShares Ultra Short Duration Bond Active ETF (ICSH) ETF
No description available.
- Exchange
- BATS
- Inception
- 2013-12-11
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.08% issuer, Oct 21, 2026
- Assets
- $9.0B issuer-reported, Oct 19, 2026
- Trailing yield
- 4.14% paid monthly
- Average daily volume
- $89M 30 sessions
- Holdings
- 408 top 10 are 5.9%
- Listed
- Dec 11, 2013 Cboe BZX
- Net asset value
- $50.36 issuer, Oct 20, 2026 · closed +0.00% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 4.40% issuer, Oct 19, 2026
- Return on NAV, 1 year
- +3.5% issuer, through Sep 30, 2026 · 3 years +4.9% a year · 5 years +3.9% · 10 years +2.8%
- Distributions, 12 months
- $2.08 a share issuer, through Oct 1, 2026: 100% income
Cost84
Liquidity98
Scale100
Diversification100
Moves with. Long Treasuries (26% of its variance, beta 0.08); US dollar (3% of its variance, beta -0.03). These factors explain 27% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The iShares Ultra Short Duration Bond Active ETF (the Fund ) seeks to provide current income consistent with preservation of capital. (from the fund's prospectus)
All 408 holdingsFlow historyOverlap toolAll Ultra-Short Bond ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jul 2026SEC filings- Oct 20, 2026
- $0 latest day
- Latest 5 trading days
- +$55M
- Latest 21 trading days
- −$5.1M −0.1% of assets
- Year to date
- +$2.2B +$2.6B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | +$55M |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | +$30M |
| Oct 9, 2026 | −$10M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | +$40M |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | +$2.5M |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | −$123M |
| Sep 22, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- +$368M latest reported month
- Latest 3 months
- +$871M +10.7% of assets
- Latest 12 months
- +$2.2B +26.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$368M |
| Jun 2026 | +$182M |
| May 2026 | +$321M |
| Apr 2026 | +$121M |
| Mar 2026 | +$96M |
| Feb 2026 | +$195M |
| Jan 2026 | +$111M |
| Dec 2025 | +$195M |
| Nov 2025 | +$106M |
| Oct 2025 | +$89M |
| Sep 2025 | +$180M |
| Aug 2025 | +$192M |
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 | |
|---|---|---|---|---|---|
| JPSTJPMorgan Ultra-Short Income ETF | — | 0.18% | $42.8B | −0.7% | compare |
| PULSPGIM Ultra Short Bond ETF | — | 0.15% | $19.7B | −0.4% | compare |
| MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund | — | 0.36% | $18.9B | +0.0% | compare |
| BOXXAlpha Architect 1-3 Month Box ETF | — | 0.19% | $12.7B | +4.0% | compare |
| VUSBVanguard Ultra-Short Bond ETF | — | 0.10% | $8.9B | −0.9% | compare |
The largest other funds in the Ultra-Short Bond category.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 6 active of 41 with agreements; top 3 did 93%
- Created · redeemed
- $1.8B · $827M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.71% of assets on loan on average; earned 0.4 bp
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
410
AUM
$9.0B
Provider
iShares (BlackRock)
Inception
2013-12-11
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.08%
Dividend Yield
4.14%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-06 | $0.1726 | CD |
| 2026-09-01 | 2026-09-04 | $0.1716 | CD |
| 2026-08-03 | 2026-08-06 | $0.1663 | CD |
| 2026-07-01 | 2026-07-07 | $0.1693 | CD |
| 2026-06-01 | 2026-06-04 | $0.1713 | CD |
| 2026-05-01 | 2026-05-06 | $0.1711 | CD |
Asset Allocation
Top Holdings
top 50 of 410 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TRI-PARTY MIZUHO SECURITIES USA LL | 1.45% | Cash/Money Market | US |
| — | TRI-PARTY CITIGROUP GLOBAL MARKETS | 1.22% | Cash/Money Market | US |
| — | TRI-PARTY GOLDMAN SACHS & CO. LLC | 1.12% | Cash/Money Market | US |
| — | TRI-PARTY WELLS FARGO SECURITIES L | 1.01% | Cash/Money Market | US |
| — | COMMERZBANK AG (NEW YORK BRANCH) | 0.94% | Cash/Money Market | US |
| — | BANCO BILBAO VIZCAYA ARGENTARIA SA | 0.85% | Cash/Money Market | US |
| — | BPCE SA 144A | 0.83% | Cash/Money Market | FR |
| — | WESTPAC SECURITIES NZ LTD 144A | 0.78% | Cash/Money Market | NZ |
| — | SKANDINAVISKA ENSKILDA BANKEN AB 144A | 0.71% | Cash/Money Market | SE |
| — | TRI-PARTY BOFA SECURITIES INC. | 0.70% | Cash/Money Market | US |
| — | COOPERATIEVE RABOBANK UA (NEW YORK | 0.69% | Cash/Money Market | US |
| — | BRITANNIA FUNDING COMPANY LLC 144A | 0.67% | Cash/Money Market | US |
| — | SVENSKA HANDELSBANKEN AB 144A | 0.66% | Cash/Money Market | SE |
| — | MIZUHO BANK LTD (NEW YORK BRANCH) | 0.64% | Cash/Money Market | US |
| — | NORTHWESTERN MUTUAL GLOBAL FUNDING MTN 144A | 0.63% | Corporate Bond | US |
| — | TOYOTA MOTOR CREDIT CORP MTN | 0.63% | Corporate Bond | US |
| — | CDP FINANCIAL INC 144A | 0.62% | Cash/Money Market | CA |
| — | SUMITOMO MITSUI TRUST BANK LTD (NE | 0.61% | Cash/Money Market | US |
| — | PACIFIC LIFE GLOBAL FUNDING II MTN 144A | 0.61% | Corporate Bond | US |
| — | RWE AG 144A | 0.60% | Cash/Money Market | DE |
| — | MORGAN STANLEY PRIVATE BANK NA | 0.60% | Corporate Bond | US |
| — | SALESFORCE INC | 0.59% | Corporate Bond | US |
| — | BANK OF NEW ZEALAND 144A | 0.59% | Cash/Money Market | NZ |
| — | HONEYWELL AEROSPACE INC | 0.59% | Corporate Bond | US |
| — | ATHENE GLOBAL FUNDING MTN 144A | 0.59% | Corporate Bond | US |
| — | NEW YORK LIFE GLOBAL FUNDING MTN 144A | 0.58% | Corporate Bond | US |
| — | BANK OF NEW ZEALAND 144A | 0.58% | Cash/Money Market | NZ |
| — | BANK OF NOVA SCOTIA 144A | 0.58% | Cash/Money Market | CA |
| — | TORONTO-DOMINION BANK (NEW YORK BR | 0.57% | Cash/Money Market | US |
| — | DEUTSCHE BANK AG (NEW YORK BRANCH) | 0.56% | Cash/Money Market | US |
| — | VERTO CAPITAL COMP C 144A | 0.56% | Cash/Money Market | US |
| — | UBS AG (STAMFORD BRANCH) MTN | 0.55% | Corporate Bond | CH |
| — | NATIXIS (NEW YORK BRANCH) | 0.55% | Cash/Money Market | US |
| — | CANADIAN IMPERIAL BANK OF COMMERCE | 0.55% | Cash/Money Market | US |
| — | MASSMUTUAL GLOBAL FUNDING II MTN 144A | 0.55% | Corporate Bond | US |
| — | ATHENE GLOBAL FUNDING MTN 144A | 0.54% | Corporate Bond | US |
| — | TRI-PARTY BNP PARIBAS | 0.52% | Cash/Money Market | US |
| — | COOPERATIEVE RABOBANK UA (NEW YORK MTN | 0.52% | Corporate Bond | NL |
| — | EQUITABLE AMERICA GLOBAL FUNDING MTN 144A | 0.52% | Corporate Bond | US |
| — | NEXTERA ENERGY CAPITAL HOLDINGS IN 144A | 0.52% | Cash/Money Market | US |
| — | JPMORGAN CHASE & CO FXD-FRN | 0.51% | Corporate Bond | US |
| — | BARCLAYS BANK PLC (NEW YORK BRANCH | 0.51% | Cash/Money Market | US |
| — | TREASURY NOTE (OLD) | 0.50% | Treasury | US |
| — | CRH AMERICA FINANCE INC 144A | 0.49% | Cash/Money Market | US |
| — | MACKINAC FUNDING CO LLC 144A | 0.48% | Cash/Money Market | US |
| — | ENBRIDGE INC 144A | 0.48% | Cash/Money Market | CA |
| — | BANCO SANTANDER SA 144A | 0.47% | Cash/Money Market | ES |
| — | ING BANK NV 144A | 0.47% | Corporate Bond | NL |
| — | TREASURY NOTE | 0.47% | Treasury | US |
| — | LLOYDS BANK CORPORATE MARKETS PLC | 0.47% | Cash/Money Market | US |
Non-Equity Breakdown
iShares Ultra Short Duration Bond Active ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-25)
Net assets:
$8.14B
· 381 total positions
· equity 0.00%
· non-equity 101.14%
Non-equity holdings
— 381 positions,
101.14% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 40.26% | $3.28B | 122 |
| Corporate | 40.04% | $3.26B | 173 |
| ABS-O | 9.67% | $786.9M | 62 |
| Repurchase agreement | 8.46% | $688.5M | 12 |
| US Treasury | 2.42% | $196.8M | 7 |
| Municipal | 0.29% | $23.6M | 5 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.02% | -0.06% | 0.50% | 0.46% | 0.42% | 0.34% | 0.28% |
| Feb | 0.00% | -0.07% | 0.18% | 0.27% | 0.42% | 0.30% | 0.18% |
| Mar | 0.02% | -0.26% | 0.42% | 0.42% | 0.38% | 0.10% | 0.18% |
| Apr | 0.06% | -0.05% | 0.44% | 0.34% | 0.36% | 0.32% | 0.24% |
| May | 0.02% | 0.14% | 0.34% | 0.47% | 0.34% | 0.24% | 0.26% |
| Jun | 0.03% | -0.18% | 0.34% | 0.37% | 0.46% | 0.27% | 0.21% |
| Jul | 0.04% | 0.13% | 0.48% | 0.64% | 0.35% | 0.29% | 0.32% |
| Aug | 0.00% | 0.14% | 0.52% | 0.56% | 0.38% | 0.24% | 0.31% |
| Sep | 0.02% | 0.00% | 0.42% | 0.46% | 0.37% | 0.03% | 0.22% |
| Oct | -0.06% | 0.08% | 0.44% | 0.27% | 0.33% | 0.24%* | 0.22% |
| Nov | 0.00% | 0.44% | 0.55% | 0.34% | 0.37% | -- | 0.34% |
| Dec | -0.02% | 0.12% | 0.10% | -0.06% | 0.03% | -- | 0.03% |
| Total | 0.13% | 0.43% | 4.83% | 4.63% | 4.29% | 2.39% | 2.79% |
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: $50.34
SMA 50: $50.41
SMA 200: $50.52
Current: $50.38
EMA 12: $50.35
EMA 26: $50.36
MACD: -0.0081 | Signal: 0.0120
BEARISH
ADX (14): 23.11
WEAK TREND
+DI: 25.81
−DI: 23.46
Momentum Oscillators
RSI (14): 54.50
NEUTRAL
Stoch %K: 83.78
Stoch %D: 80.59
Williams %R: -14.29
Volume & Volatility
BB Upper: $50.43
BB Lower: $50.25
NEUTRAL
OBV: 250,574,681
Vol SMA 20: 1,688,718
Vol ROC: -15.26%
ATR: $0.03
True Range: $0.03
HV 20: 1.1%
HV 30: 0.9%
HV 60: 1.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
ICSH Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL | Confidence Level: 6/10
ICSH is displaying conflicting technical signals that warrant cautious observation rather than aggressive positioning. While the RSI (26.29) indicates oversold conditions and the security trades near critical moving average support, the bearish MACD histogram (-0.03), extreme negative directional indicator (-DI: 46.36), and exceptionally high implied volatility premium (2,406.5%) suggest underlying weakness and market concern disproportionate to realized volatility. The neutral news sentiment and structural characteristics of this cash-equivalency ETF create a defensive profile, but current technicals warn of potential further downside.
Key Drivers:
- Oversold RSI creating potential mean-reversion bounce opportunity
- Bearish momentum (MACD negative, strong -DI) contradicting oversold signal
- Extreme IV premium indicating market pricing in significant uncertainty
- Ultra-low volatility profile (0.01) and zero beta creating safe-haven characteristics
Primary Risks:
- IV decompression potential (premium collapse if uncertainty fades)
- Continued downside if -DI dominance persists
- Liquidity concerns (minimal options flow) limiting hedging effectiveness
- Narrow trading range limiting profit potential
Investment Thesis: ICSH appears to be a defensive cash-equivalency ETF experiencing technical stress despite fundamentally sound positioning. The extreme disconnect between implied volatility (32.5%) and realized volatility (1.1-1.3% HV) suggests this security is caught in broader market deleveraging or rate-related repositioning rather than fundamental deterioration. Current oversold conditions present limited tactical opportunities, while the zero-beta profile provides portfolio insurance value.
Recent News Sentiment Impact: NEUTRAL (0/0 impact) All available headlines (6 total) show neutral sentiment focused on cash-like ETFs and money market products gaining popularity during market uncertainty. The January 17, 2024 headline about "Cash-Like ETFs Spike Amid Market Turmoil" aligns with the oversold technical condition, suggesting this is a flight-to-safety vehicle experiencing demand during broader market stress.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH BIAS
- Price ($50.26) trades below all three simple moving averages (SMA 20: $50.38, SMA 50: $50.45, SMA 200: $50.54)
- The consistent setup across all timeframe MAs indicates a deteriorating trend structure
- EMA readings compressed tightly (EMA 12: $50.35, EMA 26: $50.39) suggest loss of directional conviction
- ADX at 32.15 confirms a trending market regime despite near-term consolidation
Medium-term (1-3 months): NEUTRAL/CONSOLIDATING
- The proximity to all three SMAs suggests mean-reversion consolidation around the $50.25-$50.45 range
- Narrow Bollinger Band width (0.32) indicates reduced volatility environment and potential squeeze
- Price action appears trapped in a narrow technical range
Long-term (3-12 months): DEFENSIVE/STABLE
- Zero beta (0.00) relative to SPY indicates this ETF maintains pricing independence from broader market
- Low correlation (0.05) confirms minimal co-movement with market indexes
- Structure suggests this is designed as a capital preservation vehicle rather than growth asset
Support/Resistance Levels
Immediate Support (Critical):
- $50.29: Bollinger Band lower band — first technical support
- $50.26: Current price = sitting at technical inflection
- $50.20: Psychological level below which further technical weakness likely
- $50.10-$50.15: Secondary support zone
Immediate Resistance:
- $50.38: SMA 20 and Bollinger Band middle band (double resistance)
- $50.45: SMA 50 (significant resistance barrier)
- $50.54: SMA 200 (major long-term resistance)
- $50.60-$50.70: Technical breakout zone
Key Observation: Price hovering within 1.4% of major moving averages creates a narrow decision point; breakdown below $50.20 would signal technical deterioration.
Momentum Signals
RSI (14): 26.29 — OVERSOLD CONDITION
- Well below 30 threshold indicating oversold market conditions
- Historically, RSI <30 generates mean-reversion signals (potential bounce)
- However, oversold conditions can persist; RSI alone insufficient for reversal confirmation
- RSI trending lower suggests momentum deterioration despite oversold reading
MACD Analysis: BEARISH MOMENTUM
- MACD: -0.04 (below zero line = negative momentum)
- Signal Line: -0.01
- Histogram: -0.03 (negative and widening = strengthening bearish momentum)
- The histogram turning MORE negative despite oversold RSI represents a critical conflict: technicals suggest upside bounce potential, but momentum indicators show worsening condition
- No bullish crossover visible; bearish structure remains intact
Stochastic Oscillators: MIXED
- %K: 36.11 (approaching oversold territory but not yet extreme)
- %D: 38.33
- Slow stochastic readings suggest recent selling pressure but not maximum capitulation
- Not yet showing reversal divergence
Williams %R: -83.33 — EXTREME OVERSOLD
- Reading of -83.33 (on -100 to 0 scale) is at extreme lows
- Typically signals potential capitulation and bounce opportunity
- Confirmation needed from other indicators given MACD bearishness
Bollinger Bands Signal: OVERSOLD
- Price ($50.26) trading near lower band ($50.29) confirms oversold positioning
- Historically suggests mean-reversion bounce toward middle band ($50.38)
- However, narrow band width (0.32) indicates low volatility environment where breakouts may require external catalyst
Volume Analysis
Volume Trend Assessment:
- Volume SMA 20: 1,752,271 shares (baseline for "normal" trading)
- Volume Rate of Change: +59.42% (volume ABOVE normal levels)
- Elevated volume on down move suggests institutional distribution or deleveraging activity
- Interpretation: The +59.42% volume increase indicates heightened trading activity despite price weakness — suggests conviction behind selling pressure
On-Balance Volume (OBV): 239,525,303
- OBV in positive territory indicates cumulative buying pressure historically
- However, OBV interpretation requires trend comparison; static OBV reading with downward price suggests sellers are overwhelming buyers despite positive cumulative balance
Institutional Activity Signals:
- High volume on weakness typically indicates institutional repositioning
- 59.42% volume increase on downside suggests this isn't natural profit-taking but deliberate position adjustment
- Cash-equivalency ETFs experiencing volume spikes may indicate broad portfolio deleveraging or redemption pressure
News & Sentiment Analysis
Recent Headlines Summary (6 articles analyzed, 2024-2022 timeframe)
| Date | Headline | Sentiment | Relevance | |------|----------|-----------|-----------| | 2024-01-17 | Cash-Like ETFs Spike Amid Market Turmoil | NEUTRAL | HIGH — Direct catalyst | | 2023-11-12 | Is It Safe to Invest Today? | NEUTRAL | Market uncertainty theme | | 2023-11-01 | High-Yield Money-Market ETFs Hitting 52-Week Highs | NEUTRAL | Sector strength signal | | 2023-05-18 | Active ETFs Gaining Popularity | NEUTRAL | Relative strength in active products | | 2022-12-15 | Hedge Against Rising Rates With Ultra-Short Bond ETFs | NEUTRAL | Rate-sensitive narrative | | 2022-09-06 | All-Weather ETF Portfolio For Retirement | NEUTRAL | Defensive asset class positioning |
Sentiment Assessment: NEUTRAL (0 positive, 0 negative, 6 neutral)
- Overall Aggregate Sentiment: NEUTRAL/DEFENSIVE
- All six available headlines maintain neutral tone without bullish or bearish language
- Thematic pattern shows focus on ICSH category (cash-like/money-market products) as defensive alternatives during uncertainty
- Critical Finding: The January 17, 2024 headline "Cash-Like ETFs Spike Amid Market Turmoil" directly aligns with current oversold technicals and elevated volume, suggesting the current weakness represents inflows into this safety category, not fundamental deterioration
- No negative news regarding fund performance, management, fees, or structure
Generated
News
All ICSH news →
The Motley FoolT3·35mo ago
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Seeking AlphaT3·50mo ago
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ICSH Options Activity & IV Rank
ICSH IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 6.9%
7-DTE IV: —
Expected Move: $0.50
7-DTE Move: $0.50
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 2
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 2
Put OI: 0
P/C OI: —
Total OI: 2
ATM Options Pricing
ATM Call: $0.45
ATM Put: $0.05
Call %: 0.9%
Put %: 0.1%
Chain Summary
Chain Volume: 2
Chain OI: 2
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 81st percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
81%
vs own history
GEX tilt
-1.00
OI-weighted, today
Vanna tilt
-1.00
δ-sensitivity to IV
Charm tilt
+1.00
δ-decay vs time
Vanna tilt -1.00: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? 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
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—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
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pts
EXTREME
as of Oct 21 · ATM 8.6% / 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
Enter a ticker to render the implied volatility surface.
Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)12.6LowOct 21
Straddle Price (30 DTE)$0.50Oct 21
Beta Analysis
Risk Metrics
Beta: 0.0059
Alpha: -0.75%
Correlation: 0.0627
R-Squared: 0.4%
Stock Volatility: 1.2%
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
ICSH Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
430.50K
SI % of Float
0.24%
Days to Cover
1.00
Short Vol Ratio
41.9%
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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