Zacks Investment ResearchT3·1d ago
IWL iShares Russell Top 200 ETF
ETF 190.14 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.
IWL
$190.14
—
Key stats
$190.14
- 52-Week Range
- $155.38 – $194.89
- YTD
- +11.42%
- IV Rank (30D)
- 51.72
- Straddle Price
- $6.22
- Open
- $190.53
- Day Range
- $189.28 – $190.53
- Volume
- 22,204
- Prev Close
- $192.23
About
iShares Russell Top 200 ETF (IWL) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2009-09-22
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.15% issuer, Oct 22, 2026
- Assets
- $2.3B issuer-reported, Oct 20, 2026
- Trailing yield
- 0.83% paid quarterly
- Average daily volume
- $8.9M 30 sessions
- Holdings
- 205 top 10 are 44.0%
- Listed
- Sep 22, 2009 NYSE Arca
- Net asset value
- $192.20 issuer, Oct 21, 2026 · closed +0.02% to NAV
- Median bid/ask spread
- 0.03% 30 days, issuer-reported
- 30-day SEC yield
- 0.86% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +15.5% issuer, through Sep 30, 2026 · 3 years +23.8% a year · 5 years +14.4% · 10 years +16.2%
- Distributions, 12 months
- $1.60 a share issuer, through Sep 15, 2026: 100% income
- Tracking difference
- -0.19 pts vs index, after fees, FY 2026
Cost78
Liquidity65
Scale87
Diversification64
Moves with. US large-cap stocks (94% of its variance, beta 0.98); Value over growth (6% of its variance, beta -0.07). These factors explain 99% of its daily moves over the last year.
Stated objective. The iShares Russell Top 200 ETF (the Fund ) seeks to track the investment results of an index composed of large-capitalization U.S. equities. (from the fund's prospectus)
All 205 holdingsFlow historySimilar fundsOverlap toolAll Large Cap Blend ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jun 2026SEC filings- Oct 20, 2026
- $0 latest day
- Latest 5 trading days
- $0
- Latest 21 trading days
- +$9.7M +0.4% of assets
- Year to date
- −$16M +$77M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | +$9.7M |
| 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 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | $0 |
| Sep 22, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- +$9.2M latest reported month
- Latest 3 months
- −$17M −0.8% of assets
- Latest 12 months
- +$103M +4.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$9.2M |
| May 2026 | −$18M |
| Apr 2026 | −$7.9M |
| Mar 2026 | −$7.6M |
| Feb 2026 | −$77M |
| Jan 2026 | +$94M |
| Dec 2025 | +$34M |
| Nov 2025 | +$50M |
| Oct 2025 | +$17M |
| Sep 2025 | +$16M |
| Aug 2025 | −$16M |
| Jul 2025 | +$7.8M |
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 | |
|---|---|---|---|---|---|
| MGCVanguard Morningstar Mega Cap ETF | 94% | 0.05% | $10.4B | +15.6% | compare |
| XYLDGlobal X S&P 500 Covered Call ETF | 88% | 0.60% | $3.4B | +4.9% | compare |
| XRMIGlobal X S&P 500 Risk Managed Income ETF | 88% | 0.60% | $50M | −3.1% | compare |
| GSUSGoldman Sachs MarketBeta U.S. Equity ETF | 88% | 0.07% | $3.4B | +14.8% | compare |
| VVVanguard Morningstar Large-Cap ETF | 88% | 0.03% | $54.9B | +14.8% | 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
- +0.2% 22% under, 29% over · 100% covered
- Price / earnings
- 26.0 1% loss-making · 100% covered
- Price / book · sales
- 5.9 · 4.3 revenue growth +14.7%
- Above 200-day average
- 71% 58% above 50-day · by weight
- Short interest
- 1.6% of float, weighted · 2.7 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 70% net selling
- 13F holders
- +2.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 36.3% of weight in 7 days; 56.5% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.84%
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 |
|---|---|---|---|---|
| New position | SNDKSANDISK CORP | — | 0.60% | — |
| New position | WDCWESTERN DIGITAL CORP | — | 0.39% | — |
| New position | GLWCORNING INC | — | 0.36% | — |
| New position | VRTVERTIV HOLDINGS COMPANY | — | 0.23% | — |
| New position | PWRQUANTA SERVICES INC | — | 0.19% | — |
| New position | HWMHOWMET AEROSPACE INC | — | 0.19% | — |
| New position | BNYBANK OF NEW YORK MELLON CORP (THE) | — | 0.18% | — |
| New position | CMICUMMINS INC | — | 0.18% | — |
| Decrease | HONHONEYWELL INTERNATIONAL INC | 0.30% | 0.13% | −50.2% |
| New position | SPCXSPACE EXPLORATION TECHNOLOGIES CORP | — | 0.16% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.5%. Full holdings and history
Under the hood
fiscal year to Mar 31, 2026SEC census- Authorized participants
- 7 active of 36 with agreements; top 3 did 72%
- Created · redeemed
- $303M · $206M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.21% of assets on loan on average; earned 0.0 bp
- Return vs index
- -0.19 pts after fees; -0.04 before; daily s.d. 0.01
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
205
AUM
$2.3B
Provider
iShares (BlackRock)
Inception
2009-09-22
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.15%
Dividend Yield
0.83%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-15 | 2026-09-18 | $0.4159 | CD |
| 2026-06-15 | 2026-06-18 | $0.3920 | CD |
| 2026-03-17 | 2026-03-20 | $0.3500 | CD |
| 2025-12-16 | 2025-12-19 | $0.4382 | CD |
| 2025-09-16 | 2025-09-19 | $0.3906 | CD |
| 2025-06-16 | 2025-06-20 | $0.3607 | CD |
Asset Allocation
Top Holdings
top 50 of 205 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA | 8.80% | Equity (US) | US |
| AAPL | APPLE | 8.56% | Equity (US) | US |
| MSFT | MICROSOFT | 6.89% | Equity (US) | US |
| AMZN | AMAZON.COM INC | 4.44% | Equity (US) | US |
| GOOGL | ALPHABET CLASS A | 3.46% | Equity (US) | US |
| GOOG | ALPHABET CLASS C | 2.79% | Equity (US) | US |
| AVGO | BROADCOM INC | 2.71% | Equity (US) | US |
| META | META PLATFORMS CLASS A | 2.66% | Equity (US) | US |
| TSLA | TESLA INC | 1.90% | Equity (US) | US |
| LLY | ELI LILLY | 1.79% | Equity (US) | US |
| MU | MICRON TECHNOLOGY | 1.76% | Equity (US) | US |
| BRK.B | BERKSHIRE HATHAWAY INC CLASS B | 1.75% | Equity (US) | US |
| JPM | JPMORGAN CHASE & CO | 1.56% | Equity (US) | US |
| AMD | ADVANCED MICRO DEVICES | 1.52% | Equity (US) | US |
| XOM | EXXONMOBIL HOLDINGS CORP | 1.28% | Equity (US) | US |
| V | VISA CLASS A | 1.20% | Equity (US) | US |
| JNJ | JOHNSON & JOHNSON | 1.09% | Equity (US) | US |
| WMT | WALMART | 0.90% | Equity (US) | US |
| ABBV | ABBVIE | 0.89% | Equity (US) | US |
| MA | MASTERCARD CLASS A | 0.87% | Equity (US) | US |
| COST | COSTCO WHOLESALE CORP | 0.77% | Equity (US) | US |
| PLTR | PALANTIR TECHNOLOGIES CLASS A | 0.75% | Equity (US) | US |
| CSCO | CISCO SYSTEMS INC | 0.73% | Equity (US) | US |
| INTC | INTEL CORPORATION | 0.73% | Equity (US) | US |
| CVX | CHEVRON | 0.73% | Equity (US) | US |
| UNH | UNITEDHEALTH GROUP | 0.66% | Equity (US) | US |
| PG | PROCTER & GAMBLE | 0.65% | Equity (US) | US |
| MRK | MERCK & CO INC | 0.64% | Equity (US) | US |
| KO | COCA-COLA | 0.63% | Equity (US) | US |
| CAT | CATERPILLAR INC | 0.57% | Equity (US) | US |
| LRCX | LAM RESEARCH | 0.57% | Equity (US) | US |
| BAC | BANK OF AMERICA | 0.57% | Equity (US) | US |
| AMAT | APPLIED MATERIAL INC | 0.56% | Equity (US) | US |
| HD | HOME DEPOT | 0.55% | Equity (US) | US |
| PM | PHILIP MORRIS INTERNATIONAL | 0.54% | Equity (US) | US |
| GE | GE AEROSPACE | 0.54% | Equity (US) | US |
| NFLX | NETFLIX | 0.50% | Equity (US) | US |
| PANW | PALO ALTO NETWORKS | 0.48% | Equity (US) | US |
| RTX | RTX | 0.46% | Equity (US) | US |
| GS | GOLDMAN SACHS GROUP | 0.45% | Equity (US) | US |
| TMO | THERMO FISHER SCIENTIFIC | 0.45% | Equity (US) | US |
| TXN | TEXAS INSTRUMENT | 0.44% | Equity (US) | US |
| WFC | WELLS FARGO | 0.43% | Equity (US) | US |
| GEV | GE VERNOVA | 0.42% | Equity (US) | US |
| AMGN | AMGEN INC | 0.41% | Equity (US) | US |
| LIN | LINDE PLC | 0.40% | Equity (US) | US |
| CRWD | CROWDSTRIKE HOLDINGS CLASS A | 0.40% | Equity (US) | US |
| IBM | INTERNATIONAL BUSINESS MACHINES | 0.40% | Equity (US) | US |
| ORCL | ORACLE | 0.39% | Equity (US) | US |
| KLAC | KLA | 0.37% | Equity (US) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.30% | -5.87% | 6.64% | 2.85% | 3.02% | 0.96% | 1.32% |
| Feb | 0.26% | -4.18% | -3.47% | 4.00% | -0.75% | -2.15% | -1.05% |
| Mar | 1.50% | 4.98% | 4.93% | 1.70% | -4.57% | -5.26% | 0.55% |
| Apr | 4.19% | -9.70% | 1.38% | -3.86% | -1.05% | 10.12% | 0.18% |
| May | 0.12% | -0.89% | 1.58% | 5.78% | 5.71% | 5.23% | 2.92% |
| Jun | 2.84% | -7.43% | 4.80% | 3.81% | 4.57% | -2.02% | 1.09% |
| Jul | 2.09% | 8.02% | 3.19% | 0.04% | 2.67% | -0.21% | 2.63% |
| Aug | 3.18% | -3.87% | -0.94% | 3.90% | 3.88% | 1.39% | 1.26% |
| Sep | -5.13% | -9.97% | -5.10% | 4.09% | 4.56% | 0.69% | -1.81% |
| Oct | 6.08% | 5.11% | -1.88% | 0.10% | 2.52% | -0.21%* | 1.95% |
| Nov | -0.57% | 5.70% | 7.85% | 5.27% | -0.30% | -- | 3.59% |
| Dec | 4.93% | -6.29% | 3.36% | -2.25% | 0.27% | -- | 0.00% |
| Total | 21.10% | -23.65% | 23.69% | 27.99% | 21.98% | 8.03% | 13.19% |
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: $192.01
SMA 50: $190.88
SMA 200: $180.19
Current: $190.14
EMA 12: $191.61
EMA 26: $191.47
MACD: 0.1381 | Signal: -0.3555
BULLISH
ADX (14): 15.39
RANGE
+DI: 16.25
−DI: 33.10
Momentum Oscillators
RSI (14): 45.33
NEUTRAL
Stoch %K: 34.21
Stoch %D: 31.61
Williams %R: -83.48
Volume & Volatility
BB Upper: $195.04
BB Lower: $188.98
NEUTRAL
OBV: 2,302,813
Vol SMA 20: 40,108
Vol ROC: -45.52%
ATR: $1.83
True Range: $2.95
HV 20: 10.3%
HV 30: 11.3%
HV 60: 11.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is my comprehensive stock analysis report for IWL:
Executive Summary
Overall assessment: NEUTRAL with a confidence level of 7 out of 10.
Key drivers: Recent price action has been driven by moderate momentum signals, with the MACD indicating a bullish crossover. The trend indicators suggest a range-bound market, with the ADX and DMI showing a regime shift to a range-bound environment.
Primary risks: Volatility remains above average, which may amplify market moves. Earnings data is not available, so we rely on technical analysis and news sentiment for guidance.
Investment thesis: IWL's recent price action has been driven by moderate momentum signals, with the MACD indicating a bullish crossover. The trend indicators suggest a range-bound market, with the ADX and DMI showing a regime shift to a range-bound environment. Volatility remains above average, which may amplify market moves.
Recent news sentiment impact: News headlines have been generally neutral, with no significant catalysts driving the stock price recently. This has led to a range-bound market environment.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Range-bound
- Medium-term (1-3 months): Range-bound
- Long-term (3-12 months): Uptrend
Support/Resistance Levels: Key price levels include the SMA 20 at $190.42, SMA 50 at $187.33, and SMA 200 at $176.69.
Momentum Signals:
- RSI interpretation: Neutral range (30-70)
- MACD signal: Bullish crossover
- Bollinger Bands position: Neutral
Volume Analysis: Volume trends are mixed, with the volume rate of change showing a moderate increase. Institutional interest is moderate, as indicated by the OBV and volume flow.
News & Sentiment Analysis
Recent Headlines Summary:
- Zacks Investment Research article discussing IWL's performance (2024-05-14)
- Seeking Alpha article on U.S. large caps (2024-02-03)
- Multiple neutral news headlines on economic indicators
Sentiment Assessment: Neutral sentiment overall, with no significant catalysts driving the stock price recently.
Catalyst Identification:
- No earnings data available
- No regulatory changes or product launches announced recently
Market Narrative: The recent price action has been driven by moderate momentum signals and a range-bound market environment. News headlines have been generally neutral, with no significant catalysts driving the stock price recently.
Risk & Volatility Assessment
Beta Interpretation: IWL's beta is 1.02, indicating above-average volatility relative to the SPY.
Volatility Regime: Current volatility is above average, as indicated by the historical volatility metrics.
Options Market Signals:
- IV rank: Low (0.0%)
- Put/call ratio: Neutral (0.00)
- Unusual activity: None
Downside Protection: Support levels include the SMA 20 at $190.42 and the SMA 50 at $187.33.
Market Context & Positioning
Sector Performance:
- IWL is part of the Technology sector, which has been performing well recently.
- Relative strength vs sector/market: Strong relative performance
Institutional Activity:
- Moderate institutional interest, as indicated by the OBV and volume flow.
Correlation Analysis:
- Correlation with SPY: 0.99 (highly correlated)
Relative Valuation: IWL is positioned within a trading range, with no clear buy or sell signal.
Key Levels & Action Items
Critical Price Levels:
- Support: SMA 20 at $190.42 and SMA 50 at $187.33
- Resistance: SMA 200 at $176.69
Breakout/Breakdown Levels:
- Breakout above the upper Bollinger Band at $192.62 could trigger a bullish move.
- Breakdown below the lower Bollinger Band at $188.22 could trigger a bearish move.
Time-Sensitive Catalysts: No earnings data available or regulatory changes announced recently.
Risk Management: Stop-loss levels include the SMA 20 at $190.42 and the SMA 50 at $187.33. Position sizing considerations are moderate, given above-average volatility.
I hope this comprehensive analysis meets your requirements!
Generated
News
All IWL news →
Zacks Investment ResearchT3·29mo ago
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Showing 1–10 of 50
Page 1 of 5
IWL Options Activity & IV Rank
IWL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 14.4%
7-DTE IV: —
Expected Move: $6.22
7-DTE Move: $6.22
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 1
P/C Volume: —
Call OI: 0
Put OI: 1
P/C OI: —
Total OI: 1
ATM Options Pricing
ATM Call: $3.38
ATM Put: $2.85
Call %: 1.8%
Put %: 1.5%
Chain Summary
Chain Volume: 4
Chain OI: 3
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 15.0% / 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)51.7MediumOct 22
Straddle Price (30 DTE)$6.22Oct 22
Beta Analysis
Risk Metrics
Beta: 1.0291
Alpha: -0.79%
Correlation: 0.9910
R-Squared: 98.2%
Stock Volatility: 13.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
IWL 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
47.77K
SI % of Float
0.40%
Days to Cover
1.00
Short Vol Ratio
40.7%
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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