The Motley FoolT3·15d ago
KBE State Street SPDR S&P Bank ETF
ETF 65.83 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.
KBE
$65.83
—
Key stats
$65.83
After hours
$66.00
+0.26%
- 52-Week Range
- $54.85 – $71.92
- YTD
- +7.62%
- IV Rank (30D)
- 34.7
- Straddle Price
- $3.40
- P/C Vol Ratio
- 1.83
- Open
- $64.04
- Day Range
- $64.04 – $65.86
- Volume
- 1,921,763
- Prev Close
- $64.30
About
State Street SPDR S&P Bank ETF (KBE) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2005-11-08
- Has Options
- Yes
- Homepage
- https://www.ssga.com/us/en/individual/etfs
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.35% issuer, Oct 22, 2026
- Assets
- $1.4B issuer-reported, Oct 20, 2026
- Trailing yield
- 2.29% paid quarterly
- Average daily volume
- $117M 30 sessions
- Holdings
- 109 top 10 are 10.0%
- Listed
- Nov 8, 2005 NYSE Arca
- Net asset value
- $64.31 issuer, Oct 20, 2026 · closed +0.05% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 2.23% issuer
- Tracking difference
- -0.51 pts vs index, after fees, FY 2026
Cost65
Liquidity100
Scale80
Diversification100
Moves with. US large-cap stocks (32% of its variance, beta 1.15); Small caps over large (25% of its variance, beta 0.83). These factors explain 59% of its daily moves over the last year.
Stated objective. The State Street SPDR S&P Bank ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. (from the fund's prospectus)
All 109 holdingsFlow historySimilar fundsOverlap toolAll Financials ETFs
Fund flows
daily as of Oct 21, 2026issuer datathrough Jun 2026SEC filings- Oct 21, 2026
- −$13M latest day
- Latest 5 trading days
- −$22M
- Latest 21 trading days
- −$64M −4.5% of assets
- Year to date
- +$53M −$119M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 21, 2026 | −$13M |
| Oct 20, 2026 | +$29M |
| Oct 19, 2026 | −$22M |
| Oct 16, 2026 | +$22M |
| Oct 15, 2026 | −$38M |
| Oct 14, 2026 | −$25M |
| Oct 13, 2026 | +$13M |
| Oct 12, 2026 | −$67M |
| Oct 9, 2026 | +$25M |
| Oct 8, 2026 | −$73M |
| Oct 7, 2026 | +$50M |
| Oct 6, 2026 | −$35M |
| Oct 5, 2026 | +$64M |
| Oct 2, 2026 | −$23M |
| Oct 1, 2026 | +$16M |
| Sep 30, 2026 | −$63M |
| Sep 29, 2026 | −$70M |
| Sep 28, 2026 | +$139M |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | +$6.4M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- +$8.7M latest reported month
- Latest 3 months
- +$6.5M +0.4% of assets
- Latest 12 months
- −$287M −19.4% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$8.7M |
| May 2026 | −$109M |
| Apr 2026 | +$107M |
| Mar 2026 | −$33M |
| Feb 2026 | −$124M |
| Jan 2026 | +$167M |
| Dec 2025 | −$122M |
| Nov 2025 | −$36M |
| Oct 2025 | −$99M |
| Sep 2025 | −$53M |
| Aug 2025 | −$30M |
| Jul 2025 | +$34M |
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 | |
|---|---|---|---|---|---|
| KREState Street SPDR S&P Regional Banking ETF | 69% | 0.35% | $4.0B | +16.7% | compare |
| DPSTDirexion Daily Regional Banks Bull 3X ETF | 58% | — | $338M | +35.4% | compare |
| FTXOFirst Trust Nasdaq Bank ETF | 39% | 0.60% | $244M | +14.4% | compare |
| QABAFirst Trust NASDAQ ABA Community Bank Index Fund | 34% | 0.60% | $85M | +20.2% | compare |
| PSCFInvesco S&P SmallCap Financials ETF | 33% | 0.29% | $27M | +10.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +7.3% 34% under, 26% over · 100% covered
- Price / earnings
- 13.3 3% loss-making · 96% covered
- Price / book · sales
- 1.2 · 2.3 revenue growth +4.0%
- Above 200-day average
- 53% 12% above 50-day · by weight
- Short interest
- 6.2% of float, weighted · 5.3 days to cover
- Insider buying
- 6% of weight had net insider buying, 90 days; 61% net selling
- 13F holders
- +2.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 40.7% of weight in 7 days; 50.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.62%
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 | NWBINorthwest Bancshares Inc | — | 0.97% | — |
| New position | TOWNTowne Bank/Portsmouth VA | — | 0.96% | — |
| Increase | EFSCEnterprise Financial Services Corp | 0.71% | 0.97% | +32.6% |
| Increase | RKTRocket Cos Inc | 0.93% | 1.17% | +34.2% |
| Increase | PRKPark National Corp | 0.74% | 0.97% | +37.3% |
| Decrease | APOApollo Global Management Inc | 1.04% | 0.84% | −10.1% |
| Increase | SYBTStock Yards Bancorp Inc | 0.65% | 0.84% | +32.8% |
| Increase | NBTBNBT Bancorp Inc | 0.66% | 0.80% | +23.8% |
| Increase | BUSEFirst Busey Corp | 0.85% | 0.97% | +16.2% |
| Increase | JXNJackson Financial Inc | 0.98% | 0.90% | +11.7% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.3%. Full holdings and history
Under the hood
fiscal year to Jun 30, 2026SEC census- Authorized participants
- 14 active of 41 with agreements; top 3 did 42%
- Created · redeemed
- $2.9B · $3.2B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 4.76% of assets on loan on average; earned 2.0 bp
- Return vs index
- -0.51 pts after fees; -0.07 before; daily s.d. 0.08
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
109
AUM
$1.4B
Provider
SPDR (State Street)
Inception
2005-11-08
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.35%
Dividend Yield
2.29%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-23 | $0.3754 | CD |
| 2026-06-22 | 2026-06-24 | $0.3509 | CD |
| 2026-03-23 | 2026-03-25 | $0.3357 | CD |
| 2025-12-22 | 2025-12-24 | $0.4086 | CD |
| 2025-09-22 | 2025-09-24 | $0.3713 | CD |
| 2025-06-23 | 2025-06-25 | $0.3662 | CD |
Asset Allocation
Top Holdings
top 50 of 109 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| CBC | CENTRAL BANCOMPANY | 1.02% | Equity (US) | US |
| EQH | EQUITABLE HOLDINGS INC | 1.02% | Equity (US) | US |
| CRBG | COREBRIDGE FINANCIAL INC | 1.01% | Equity (US) | US |
| OFG | OFG BANCORP | 0.99% | Equity (US) | US |
| UCB | UNITED COMMUNITY BANKS/GA | 0.99% | Equity (US) | US |
| TBBK | BANCORP INC/THE | 0.99% | Equity (US) | US |
| NBTB | N B T BANCORP INC | 0.99% | Equity (US) | US |
| UBSI | UNITED BANKSHARES INC | 0.98% | Equity (US) | US |
| CVBF | CVB FINANCIAL CORP | 0.98% | Equity (US) | US |
| SYBT | STOCK YARDS BANCORP INC | 0.98% | Equity (US) | US |
| TRMK | TRUSTMARK CORP | 0.98% | Equity (US) | US |
| EWBC | EAST WEST BANCORP INC | 0.98% | Equity (US) | US |
| RNST | RENASANT CORP | 0.98% | Equity (US) | US |
| ONB | OLD NATIONAL BANCORP | 0.98% | Equity (US) | US |
| FCNCA | FIRST CITIZENS BCSHS CL A | 0.98% | Equity (US) | US |
| HWC | HANCOCK WHITNEY CORP | 0.97% | Equity (US) | US |
| BANF | BANCFIRST CORP | 0.97% | Equity (US) | US |
| SFNC | SIMMONS FIRST NATL CORP CL A | 0.97% | Equity (US) | US |
| FBP | FIRST BANCORP PUERTO RICO | 0.97% | Equity (US) | US |
| FHB | FIRST HAWAIIAN INC | 0.97% | Equity (US) | US |
| BUSE | FIRST BUSEY CORP | 0.97% | Equity (US) | US |
| HOMB | HOME BANCSHARES INC | 0.97% | Equity (US) | US |
| CATY | CATHAY GENERAL BANCORP | 0.97% | Equity (US) | US |
| EBC | EASTERN BANKSHARES INC | 0.97% | Equity (US) | US |
| FFBC | FIRST FINANCIAL BANCORP | 0.97% | Equity (US) | US |
| CHCO | CITY HOLDING CO | 0.97% | Equity (US) | US |
| FRME | FIRST MERCHANTS CORP | 0.96% | Equity (US) | US |
| INDB | INDEPENDENT BANK CORP/MA | 0.96% | Equity (US) | US |
| NWBI | NORTHWEST BANCSHARES INC | 0.96% | Equity (US) | US |
| WSFS | WSFS FINANCIAL CORP | 0.96% | Equity (US) | US |
| FCF | FIRST COMMONWEALTH FINL CORP | 0.96% | Equity (US) | US |
| BPOP | POPULAR INC | 0.96% | Equity (US) | US |
| PFS | PROVIDENT FINANCIAL SERVICES | 0.95% | Equity (US) | US |
| CBU | COMMUNITY FINANCIAL SYSTEM I | 0.95% | Equity (US) | US |
| SSB | SOUTHSTATE BANK CORP | 0.95% | Equity (US) | US |
| LKFN | LAKELAND FINANCIAL CORP | 0.95% | Equity (US) | US |
| CUBI | CUSTOMERS BANCORP INC | 0.95% | Equity (US) | US |
| GBCI | GLACIER BANCORP INC | 0.95% | Equity (US) | US |
| WTFC | WINTRUST FINANCIAL CORP | 0.95% | Equity (US) | US |
| TOWN | TOWNE BANK | 0.95% | Equity (US) | US |
| COLB | COLUMBIA BANKING SYSTEM INC | 0.95% | Equity (US) | US |
| FNB | FNB CORP | 0.95% | Equity (US) | US |
| SBCF | SEACOAST BANKING CORP/FL | 0.95% | Equity (US) | US |
| BANR | BANNER CORPORATION | 0.95% | Equity (US) | US |
| FITB | FIFTH THIRD BANCORP | 0.95% | Equity (US) | US |
| FULT | FULTON FINANCIAL CORP | 0.95% | Equity (US) | US |
| AUB | ATLANTIC UNION BANKSHARES CO | 0.95% | Equity (US) | US |
| FIBK | FIRST INTERSTATE BANCSYS A | 0.95% | Equity (US) | US |
| PRK | PARK NATIONAL CORP | 0.94% | Equity (US) | US |
| NIC | NICOLET BANKSHARES INC | 0.94% | Equity (US) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.19% | -1.10% | 8.45% | -3.07% | 7.21% | 3.92% | 3.10% |
| Feb | 14.35% | 1.34% | -2.29% | 1.37% | -0.74% | -5.35% | 1.45% |
| Mar | 0.78% | -2.66% | -22.80% | 6.83% | -6.51% | -3.78% | -4.69% |
| Apr | 2.60% | -9.29% | -0.35% | -4.21% | -3.98% | 6.81% | -1.40% |
| May | 1.91% | 3.10% | -4.89% | 2.12% | 4.05% | -0.91% | 0.90% |
| Jun | -7.46% | -9.62% | 3.51% | 1.53% | 5.53% | 9.10% | 0.43% |
| Jul | -4.59% | 8.81% | 14.36% | 16.83% | -2.00% | 0.36% | 5.63% |
| Aug | 6.08% | -1.97% | -5.97% | 4.18% | 10.50% | -3.84% | 1.50% |
| Sep | 2.26% | -6.36% | -7.51% | -0.45% | -1.91% | -5.57% | -3.26% |
| Oct | 2.24% | 6.82% | -2.02% | 6.28% | -3.94% | 3.44%* | 2.14% |
| Nov | -5.79% | 1.85% | 13.69% | 14.07% | 3.78% | -- | 5.52% |
| Dec | 2.92% | -8.19% | 9.47% | -9.51% | 2.03% | -- | -0.66% |
| Total | 18.06% | -17.73% | -2.67% | 38.58% | 13.33% | 3.02% | 8.76% |
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: $63.81
SMA 50: $66.41
SMA 200: $64.95
Current: $65.83
EMA 12: $64.08
EMA 26: $64.61
MACD: -0.5334 | Signal: 0.3857
BEARISH
ADX (14): 29.60
TREND
+DI: 29.95
−DI: 24.72
Momentum Oscillators
RSI (14): 57.49
NEUTRAL
Stoch %K: 89.84
Stoch %D: 74.95
Williams %R: -0.74
Volume & Volatility
BB Upper: $65.41
BB Lower: $62.20
OVERBOUGHT
OBV: -25,121,353
Vol SMA 20: 2,000,457
Vol ROC: -16.66%
ATR: $1.12
True Range: $1.82
HV 20: 18.0%
HV 30: 16.4%
HV 60: 15.4%
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
BULLISH (Confidence Level: 7/10)
Key drivers:
- Bullish momentum signals from MACD histogram
- Neutral RSI reading, indicating no overbought or oversold conditions
- Recent positive news headlines from Benzinga and Investing.com
Primary risks:
- Moderate volatility, as indicated by beta and historical volatility metrics
- Potential for a pullback if options market sentiment shifts
Investment thesis: KBE is poised to continue its upward trend, driven by bullish momentum signals and recent positive news. However, moderate volatility remains a risk that investors should monitor.
Recent news sentiment impact: The neutral sentiment from the recent headlines does not strongly contradict the technical signals, indicating a potential buy signal.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Bullish; Medium-term (1-3 months): Neutral; Long-term (3-12 months): Bullish
Support/Resistance Levels:
- Upper Bollinger Band: $64.96
- Middle Bollinger Band: $63.27
- Lower Bollinger Band: $61.58
Momentum Signals:
- MACD histogram: 0.15 (bullish)
- RSI: 52.49 (neutral)
- Stochastic %K: 64.80; Stochastic %D: 65.75 (both indicating neutral)
Volume Analysis: Volume SMA 20: 2402160.45, On-Balance Volume (OBV): 1048325.54
News & Sentiment Analysis
Recent Headlines Summary: Neutral sentiment from Benzinga and Investing.com headlines.
Sentiment Assessment: Neutral
Catalyst Identification: No specific catalysts identified.
Market Narrative: Recent news does not strongly contradict the technical signals, indicating a potential buy signal.
Risk & Volatility Assessment
Beta Interpretation: Moderate volatility (beta: 0.99)
Volatility Regime: Current vs historical volatility levels indicate moderate volatility
Options Market Signals:
- IV Rank: 92.0% (High)
- Put/Call Volume Ratio: 1.83 (Bearish sentiment)
- Options market pricing $2.52 move by expiration
Downside Protection: Support levels: Middle Bollinger Band ($63.27), Lower Bollinger Band ($61.58)
Market Context & Positioning
Sector Performance: KBE's performance relative to sector/market (not provided).
Institutional Activity: No specific institutional activity signals.
Correlation Analysis: Correlation with market: 0.55
Relative Valuation: KBE's position within its trading range (not provided).
Key Levels & Action Items
Critical Price Levels:
- Middle Bollinger Band ($63.27)
- Lower Bollinger Band ($61.58)
Breakout/Breakdown Levels: No specific levels identified.
Time-Sensitive Catalysts: No specific catalysts identified.
Risk Management: Stop-loss levels: $61.58 (Lower Bollinger Band), position sizing considerations based on risk tolerance and market conditions.
Note: This analysis is based on the provided data and should not be taken as investment advice.
Generated
News
All KBE news →
Zacks Investment ResearchT3·17d ago
Zacks Investment ResearchT3·1mo ago
Zacks Investment ResearchT3·1mo ago
Zacks Investment ResearchT3·1mo ago
BenzingaT3·6mo ago
Investing.comT3·9mo ago
The Motley FoolT3·9mo ago
The Motley FoolT3·10mo ago
The Motley FoolT3·11mo ago
Showing 1–10 of 50
Page 1 of 5
KBE Options Activity & IV Rank
KBE IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 23.2%
7-DTE IV: —
Expected Move: $3.40
7-DTE Move: $3.40
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 30
Put Volume: 55
P/C Volume: 1.833
BEARISH
Call OI: 133
Put OI: 109
P/C OI: 0.82
Total OI: 242
ATM Options Pricing
ATM Call: $1.18
ATM Put: $2.23
Call %: 1.8%
Put %: 3.4%
Chain Summary
Chain Volume: 2,973
Chain OI: 215,341
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
LOW γ vs HISTORY
Estimated net dealer gamma is at the 17th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
17%
vs own history
GEX tilt
-0.58
OI-weighted, today
Vanna tilt
+0.85
δ-sensitivity to IV
Charm tilt
-0.89
δ-decay vs time
Vanna tilt +0.85: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.89: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 49 ATM contracts, 39k 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
No data
30 DTE / 10d
97%
+19.4
pts
EXTREME
ATM 22.9% / Wing 42.3%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)34.7MediumOct 22
Straddle Price (30 DTE)$3.40Oct 22
Beta Analysis
Risk Metrics
Beta: 0.6195
Alpha: 7.38%
Correlation: 0.4091
R-Squared: 16.7%
Stock Volatility: 19.3%
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
KBE 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.
6 filers$70.65M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Balyasny Asset Management L.P. | $42.72M | 60.47% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $12.37M | 17.51% | 2026-06-30 |
| 3 | UBS Group AG Custodian | $9.18M | 13.00% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $3.42M | 4.85% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $2.37M | 3.36% | 2026-06-30 |
| 6 | Verition Fund Management LLC | $579.87K | 0.82% | 2026-06-30 |
11 filers$796.33M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Bank of Montreal Custodian | $238.77M | 29.98% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $213.03M | 26.75% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $155.02M | 19.47% | 2026-06-30 |
| 4 | Balyasny Asset Management L.P. | $124.09M | 15.58% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $23.73M | 2.98% | 2026-06-30 |
| 6 | Royal Bank of Canada Custodian | $17.05M | 2.14% | 2026-06-30 |
| 7 | Walleye Trading LLC | $10.23M | 1.28% | 2026-06-30 |
| 8 | TUDOR INVESTMENT CORP ET AL | $6.82M | 0.86% | 2026-06-30 |
| 9 | UBS Group AG Custodian | $6.82M | 0.86% | 2026-06-30 |
| 10 | Verition Fund Management LLC | $388.85K | 0.05% | 2026-06-30 |
| 11 | PEAK6 LLC | $375.21K | 0.05% | 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
16.35M
SI % of Float
74.98%
Days to Cover
9.40
Short Vol Ratio
81.0%
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 |
|---|