Zacks Investment ResearchT3·23d ago
IWR iShares Russell Mid-Cap ETF
ETF 109.97 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.
IWR
$109.97
—
Key stats
$109.97
- 52-Week Range
- $91.64 – $114.97
- YTD
- +13.00%
- IV Rank (30D)
- 16.06
- Straddle Price
- $3.55
- P/C Vol Ratio
- 0.76
- Open
- $109.40
- Day Range
- $108.95 – $110.00
- Volume
- 1,820,858
- Prev Close
- $110.17
About
iShares Russell Mid-Cap ETF (IWR) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2001-07-17
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.18% issuer, Oct 22, 2026
- Assets
- $57.3B issuer-reported, Oct 20, 2026
- Trailing yield
- 1.16% paid quarterly
- Average daily volume
- $155M 30 sessions
- Holdings
- 830 top 10 are 6.7%
- Listed
- Jul 17, 2001 NYSE Arca
- Last fee change
- -1 bp filed Jul 22, 2025
- Net asset value
- $110.18 issuer, Oct 21, 2026 · closed -0.00% to NAV
- Median bid/ask spread
- 0.01% 30 days, issuer-reported
- 30-day SEC yield
- 1.33% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +11.9% issuer, through Sep 30, 2026 · 3 years +17.0% a year · 5 years +7.9% · 10 years +11.0%
- Distributions, 12 months
- $1.27 a share issuer, through Sep 15, 2026: 100% income
- Tracking difference
- -0.15 pts vs index, after fees, FY 2026
Cost74
Liquidity100
Scale100
Diversification100
Moves with. US large-cap stocks (84% of its variance, beta 1.07); Small caps over large (18% of its variance, beta 0.40). These factors explain 92% of its daily moves over the last year.
Stated objective. The iShares Russell Mid-Cap ETF (the Fund ) seeks to track the investment results of an index composed of mid-capitalization U.S. equities. (from the fund's prospectus)
All 830 holdingsFlow historySimilar fundsOverlap toolAll Mid Cap Blend ETFs
Fund flows
daily as of Oct 21, 2026issuer datathrough Jun 2026SEC filings- Oct 21, 2026
- −$5.5M latest day
- Latest 5 trading days
- +$268M
- Latest 21 trading days
- +$760M +1.3% of assets
- Year to date
- +$3.9B +$5.3B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 21, 2026 | −$5.5M |
| Oct 20, 2026 | +$66M |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | +$43M |
| Oct 15, 2026 | +$164M |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | +$33M |
| Oct 12, 2026 | +$22M |
| Oct 9, 2026 | +$22M |
| Oct 8, 2026 | +$65M |
| Oct 7, 2026 | +$27M |
| Oct 6, 2026 | +$11M |
| Oct 5, 2026 | +$11M |
| Oct 2, 2026 | +$11M |
| Oct 1, 2026 | +$102M |
| Sep 30, 2026 | +$48M |
| Sep 29, 2026 | +$54M |
| Sep 28, 2026 | −$16M |
| Sep 25, 2026 | +$27M |
| Sep 24, 2026 | +$16M |
| Sep 23, 2026 | +$60M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- +$589M latest reported month
- Latest 3 months
- +$2.1B +3.7% of assets
- Latest 12 months
- +$5.8B +10.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$589M |
| May 2026 | +$671M |
| Apr 2026 | +$840M |
| Mar 2026 | +$1.4B |
| Feb 2026 | +$343M |
| Jan 2026 | −$354M |
| Dec 2025 | +$774M |
| Nov 2025 | +$408M |
| Oct 2025 | +$380M |
| Sep 2025 | +$221M |
| Aug 2025 | +$311M |
| Jul 2025 | +$279M |
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 | |
|---|---|---|---|---|---|
| IWSiShares Russell Mid-Cap Value ETF | 78% | 0.23% | $15.6B | +20.6% | compare |
| CVMCCalvert US Mid-Cap Core Responsible Index ETF | 67% | 0.15% | $103M | +18.5% | compare |
| IMCBiShares Morningstar Mid-Cap ETF | 66% | 0.04% | $1.7B | +18.4% | compare |
| AVMCAvantis U.S. Mid Cap Equity ETF | 66% | 0.18% | $519M | +13.7% | compare |
| JHMMJohn Hancock Multifactor Mid Cap ETF | 65% | 0.41% | $6.0B | +13.5% | 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
- +11.1% 44% under, 24% over · 99% covered
- Price / earnings
- 26.6 12% loss-making · 97% covered
- Price / book · sales
- 2.9 · 1.6 revenue growth +9.6%
- Above 200-day average
- 59% 54% above 50-day · by weight
- Short interest
- 5.3% of float, weighted · 3.8 days to cover
- Insider buying
- 7% of weight had net insider buying, 90 days; 61% net selling
- 13F holders
- +2.9% change in shares held by institutions, latest quarter
- Reporting earnings
- 34.6% of weight in 7 days; 72.4% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.08%
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 | GLWCorning, Inc. | 0.84% | — | — |
| Exit | VRTVertiv Holdings Co. | 0.76% | — | — |
| Exit | HWMHowmet Aerospace, Inc. | 0.73% | — | — |
| Exit | WDCWestern Digital Corp. | 0.73% | — | — |
| Exit | SNDKSandisk Corp. | 0.72% | — | — |
| Exit | BNYBank of New York Mellon Corp. (The) | 0.65% | — | — |
| Exit | PWRQuanta Services, Inc. | 0.64% | — | — |
| New position | SNOWSnowflake, Inc. | — | 0.61% | — |
| Exit | VLOValero Energy Corp. | 0.60% | — | — |
| Exit | CMICummins, Inc. | 0.59% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.6%. Full holdings and history
Under the hood
fiscal year to Mar 31, 2026SEC census- Authorized participants
- 14 active of 36 with agreements; top 3 did 62%
- Created · redeemed
- $8.1B · $3.8B over the fiscal year
- Redemptions in kind
- 99% creations 99% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 3.00% of assets on loan on average; earned 1.9 bp
- Return vs index
- -0.15 pts after fees; +0.06 before; daily s.d. 0.03
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 2026-10-21
Holdings
830
AUM
$57.2B
Provider
iShares (BlackRock)
Inception
2001-07-17
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.18%
Dividend Yield
1.16%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-15 | 2026-09-18 | $0.3275 | CD |
| 2026-06-15 | 2026-06-18 | $0.2894 | CD |
| 2026-03-17 | 2026-03-20 | $0.2617 | CD |
| 2025-12-16 | 2025-12-19 | $0.3937 | CD |
| 2025-09-16 | 2025-09-19 | $0.3224 | CD |
| 2025-06-16 | 2025-06-20 | $0.2636 | CD |
Asset Allocation
Top Holdings
top 50 of 830 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MPC | MARATHON PETROLEUM | 1.01% | Equity (US) | US |
| PSX | PHILLIPS 66 | 0.85% | Equity (US) | US |
| SNOW | SNOWFLAKE | 0.79% | Equity (US) | US |
| NET | CLOUDFLARE CLASS A | 0.72% | Equity (US) | US |
| DDOG | DATADOG INC CLASS A | 0.66% | Equity (US) | US |
| MRNA | MODERNA | 0.65% | Equity (US) | US |
| HOOD | ROBINHOOD MARKETS CLASS A | 0.57% | Equity (US) | US |
| HPE | HEWLETT PACKARD ENTERPRISE | 0.56% | Equity (US) | US |
| RCL | ROYAL CARIBBEAN GROUP | 0.53% | Equity (US) | US |
| URI | UNITED RENTALS | 0.49% | Equity (US) | US |
| KMI | KINDER MORGAN | 0.48% | Equity (US) | US |
| LITE | LUMENTUM HOLDINGS | 0.48% | Equity (US) | US |
| SPG | SIMON PROPERTY GROUP REIT INC | 0.48% | Equity (US) | US |
| DLR | DIGITAL REALTY TRUST REIT | 0.48% | Equity (US) | US |
| ALL | ALLSTATE CORP | 0.47% | Equity (US) | US |
| COR | CENCORA | 0.46% | Equity (US) | US |
| TRGP | TARGA RESOURCES | 0.46% | Equity (US) | US |
| FAST | FASTENAL | 0.44% | Equity (US) | US |
| CAH | CARDINAL HEALTH | 0.44% | Equity (US) | US |
| LNG | CHENIERE ENERGY | 0.43% | Equity (US) | US |
| GWW | WW GRAINGER INC | 0.43% | Equity (US) | US |
| OKE | ONEOK | 0.43% | Equity (US) | US |
| NUE | NUCOR | 0.43% | Equity (US) | US |
| KEYS | KEYSIGHT TECHNOLOGIES | 0.43% | Equity (US) | US |
| AME | AMETEK INC | 0.42% | Equity (US) | US |
| NTRA | NATERA | 0.41% | Equity (US) | US |
| DVN | DEVON ENERGY | 0.41% | Equity (US) | US |
| BKR | BAKER HUGHES CLASS A | 0.41% | Equity (US) | US |
| TER | TERADYNE | 0.40% | Equity (US) | US |
| BDX | BECTON DICKINSON | 0.39% | Equity (US) | US |
| VST | VISTRA | 0.38% | Equity (US) | US |
| ADSK | AUTODESK | 0.38% | Equity (US) | US |
| O | REALTY INCOME REIT | 0.38% | Equity (US) | US |
| HUM | HUMANA | 0.37% | Equity (US) | US |
| EW | EDWARDS LIFESCIENCES | 0.37% | Equity (US) | US |
| VYLR | VYLOR | 0.37% | Equity (US) | US |
| A | AGILENT TECHNOLOGIES INC | 0.37% | Equity (US) | US |
| ETR | ENTERGY CORP | 0.36% | Equity (US) | US |
| EBAY | EBAY | 0.36% | Equity (US) | US |
| ROK | ROCKWELL AUTOMATION INC | 0.36% | Equity (US) | US |
| FIX | COMFORT SYSTEMS USA | 0.36% | Equity (US) | US |
| WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIE | 0.36% | Equity (US) | US |
| PYPL | PAYPAL HOLDINGS | 0.36% | Equity (US) | US |
| XEL | XCEL ENERGY INC | 0.35% | Equity (US) | US |
| GRMN | GARMIN | 0.35% | Equity (US) | US |
| VEEV | VEEVA SYSTEMS CLASS A | 0.35% | Equity (US) | US |
| DAL | DELTA AIR LINES | 0.35% | Equity (US) | US |
| FITB | FIFTH THIRD BANCORP | 0.35% | Equity (US) | US |
| VMRK | VIVMARK RESIDENTIAL | 0.34% | Equity (US) | US |
| F | FORD MOTOR CO | 0.34% | Equity (US) | US |
Non-Equity Breakdown
iShares Russell Mid-Cap ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-25)
Net assets:
$56.98B
· 830 total positions
· equity 99.80%
· non-equity 2.61%
Non-equity holdings
— 7 positions,
2.61% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 2.61% | $1.49B | 2 |
| Derivative (equity) | 0.00% | $1.5M | 4 |
| Other | 0.00% | $8600 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.33% | -7.00% | 8.77% | -0.88% | 4.27% | 1.91% | 1.40% |
| Feb | 3.78% | -1.64% | -3.82% | 4.14% | -2.20% | 3.20% | 0.58% |
| Mar | -0.07% | 4.15% | -1.77% | 3.32% | -3.45% | -5.78% | -0.60% |
| Apr | 3.57% | -8.22% | -0.46% | -4.69% | -1.42% | 6.57% | -0.78% |
| May | 0.64% | -0.55% | -2.78% | 3.06% | 5.68% | 3.04% | 1.51% |
| Jun | 0.84% | -9.38% | 7.16% | -0.28% | 3.34% | 2.64% | 0.72% |
| Jul | 0.15% | 8.31% | 3.59% | 5.63% | 1.12% | -0.63% | 3.03% |
| Aug | 2.59% | -3.00% | -3.12% | 3.46% | 3.97% | 0.54% | 0.74% |
| Sep | -4.73% | -9.22% | -6.09% | 3.52% | 1.23% | -3.43% | -3.12% |
| Oct | 4.79% | 5.79% | -3.83% | 0.15% | -0.79% | 2.21%* | 1.39% |
| Nov | -4.41% | 5.59% | 9.66% | 8.93% | 1.44% | -- | 4.24% |
| Dec | 5.87% | -6.18% | 5.24% | -7.05% | -0.06% | -- | -0.44% |
| Total | 14.66% | -21.24% | 11.47% | 19.84% | 13.46% | 10.14% | 8.06% |
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: $108.75
SMA 50: $110.21
SMA 200: $105.72
Current: $109.97
EMA 12: $109.25
EMA 26: $109.24
MACD: 0.0154 | Signal: 0.2263
BEARISH
ADX (14): 23.68
WEAK TREND
+DI: 22.80
−DI: 25.84
Momentum Oscillators
RSI (14): 53.98
NEUTRAL
Stoch %K: 84.54
Stoch %D: 75.51
Williams %R: -20.38
Volume & Volatility
BB Upper: $110.69
BB Lower: $106.82
NEUTRAL
OBV: 21,796,304
Vol SMA 20: 1,477,017
Vol ROC: 40.40%
ATR: $1.19
True Range: $1.22
HV 20: 12.0%
HV 30: 11.4%
HV 60: 11.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Technical indicators suggest a moderate trend, but signals are mixed.
- Recent news headlines have been neutral, without significant market-moving information.
Primary risks:
- Volatility is moderate, and the stock's beta is relatively low compared to the market.
- Options market sentiment is bearish, with put-call ratios indicating potential downside risk.
Investment thesis: IWR appears to be in a consolidation phase, with no clear directional momentum. The options market suggests some caution, but overall, the technical indicators are more neutral than bullish or bearish. This combination might favor a defensive strategy, focusing on preserving capital and awaiting clearer signals before making significant moves.
Recent news sentiment impact: Neutral headlines have had minimal impact on the stock's price movement.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Weak trend; Medium-term (1-3 months): Consolidation phase; Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Upper Bollinger Band: $115.21
- Middle Line: $112.17
- Lower Bollinger Band: $109.13
Momentum Signals:
- RSI (14) interpretation: Neutral at 41.27 (<30 oversold or >70 overbought)
- MACD signal: Bearish, with the histogram indicating a weak trend
- Bollinger Bands position: Neutral, with price near the middle line
Volume Analysis: Volume SMA 20: $1112921.15; On-Balance Volume (OBV): 29091092.79; Volume Rate of Change: 1.31%
News & Sentiment Analysis
Recent Headlines Summary: The last 6 news headlines are neutral, with no significant market-moving information.
Sentiment Assessment: Aggregate sentiment is NEUTRAL, reflecting the lack of directional momentum in the news.
Catalyst Identification: No clear catalysts have emerged from recent news, but upcoming data releases might provide a clearer direction for the market and IWR's price movement.
Market Narrative: The current market narrative is one of consolidation, with no clear trend emerging. This neutrality is reflected in the options market sentiment and IWR's technical indicators.
Risk & Volatility Assessment
Beta Interpretation: Beta is 0.88 (vs SPY), indicating moderate volatility - stock generally follows market.
Volatility Regime: Current vs historical volatility levels: Moderate volatility, with no significant deviations from historical norms.
Options Market Signals:
- IV Rank: 7.2% (Low) suggests historically low volatility.
- Current IV: 17.3%
- Expected Move: $4.25 (35 DTE), 7-DTE: $1.75
Downside Protection: Support levels are established, with the Lower Bollinger Band at $109.13 serving as a potential floor.
Market Context & Positioning
Sector Performance: IWR's performance is aligned with its sector peers, suggesting no significant divergence from the broader market trend.
Institutional Activity: Institutional interest appears moderate, with neither strong buying nor selling activity evident in recent volume patterns.
Correlation Analysis: Correlation with SPY is 0.83, indicating a relatively high degree of alignment between IWR and the broader market.
Relative Valuation: Position within trading range: IWR's price movement suggests it has stabilized within its current trading range, without any clear directional momentum.
Key Levels & Action Items
Critical Price Levels:
- Support: $109.13 (Lower Bollinger Band)
- Resistance: $112.17 (Middle Line)
Breakout/Breakdown Levels: None established at this time.
Time-Sensitive Catalysts: No imminent earnings dates or other significant market-moving events are scheduled.
Risk Management: Stop-loss levels can be set near the Lower Bollinger Band ($109.13) to manage potential downside risk, while position sizing considerations should focus on the moderate volatility and historical beta.
By considering these analysis frameworks and data points, IWR appears to be in a consolidation phase, with no clear directional momentum. While some caution is warranted due to the options market sentiment, this combination might favor a defensive strategy, focusing on preserving capital and awaiting clearer signals before making significant moves.
Generated
News
All IWR news →
Zacks Investment ResearchT3·27mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Showing 1–10 of 50
Page 1 of 5
IWR Options Activity & IV Rank
IWR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 14.5%
7-DTE IV: —
Expected Move: $3.55
7-DTE Move: $3.55
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 332
Put Volume: 253
P/C Volume: 0.762
NEUTRAL
Call OI: 603
Put OI: 155
P/C OI: 0.257
Total OI: 758
ATM Options Pricing
ATM Call: $2.00
ATM Put: $1.55
Call %: 1.8%
Put %: 1.4%
Chain Summary
Chain Volume: 1,261
Chain OI: 2,530
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.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 52nd 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
52%
vs own history
GEX tilt
+0.45
OI-weighted, today
Vanna tilt
+0.37
δ-sensitivity to IV
Charm tilt
-0.54
δ-decay vs time
Vanna tilt +0.37: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.54: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 19 ATM contracts, 1k 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 22 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · ATM 14.3% / 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)16.1LowOct 22
Straddle Price (30 DTE)$3.55Oct 22
Beta Analysis
Risk Metrics
Beta: 0.8681
Alpha: 2.14%
Correlation: 0.8231
R-Squared: 67.7%
Stock Volatility: 13.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
IWR 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.
4 filers$10.51M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $5.56M | 52.93% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $4.25M | 40.43% | 2026-06-30 |
| 3 | Wolverine Trading, LLC Custodian | $366.62K | 3.49% | 2025-09-30 |
| 4 | Jane Street Group, LLC Custodian | $330.96K | 3.15% | 2026-06-30 |
2 filers$562.32K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $353.02K | 62.78% | 2026-06-30 |
| 2 | Smith & Howard Wealth Management, LLC | $209.30K | 37.22% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
2.72M
SI % of Float
0.52%
Days to Cover
1.87
Short Vol Ratio
68.0%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|