LIEN Chicago Atlantic BDC, Inc. Common Stock

XNAS
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

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.

LIEN — —
Key stats
About
Exchange
XNAS
Market Cap
$0.2B
List Date
2022-02-04
CIK
0001843162
Next Earnings
2026-11-12 (Pre-Market)
EPS Forecast
$0.40
Headquarters
New York, NY
Homepage
https://www.chicagoatlanticbdc.com

Chicago Atlantic BDC Inc is a specialty finance company. The company is an externally managed, closed-end, non-diversified management investment company with an investment objective to maximize risk-adjusted returns on equity for its stockholders by investing in direct loans to privately held middle-market companies, with a focus on cannabis companies.

Summary
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composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'24'25'26Avg
Jan---9.39%1.35%-4.02%
Feb--4.01%-2.62%0.69%
Mar---7.02%-6.32%-6.67%
Apr---5.56%-1.81%-3.68%
May---3.34%8.11%2.38%
Jun--0.10%-1.91%-0.90%
Jul---1.84%-7.97%-4.91%
Aug--8.26%10.94%9.60%
Sep---4.46%-7.11%-5.79%
Oct16.34%-4.26%-3.49%2.86%
Nov-1.54%8.08%0.99%*2.51%
Dec-5.18%-6.77%---5.97%
Total8.61%-21.57%-11.01%-7.99%
* Only 3 year(s) of data available.
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: $9.14
SMA 50: $9.67
SMA 200: $9.76
Current: $9.20
EMA 12: $9.15
EMA 26: $9.28
MACD: -0.1303 | Signal: 0.0379
BEARISH
ADX (14): 27.62
TREND
+DI: 17.68
−DI: 15.15

Momentum Oscillators

RSI (14): 44.45
NEUTRAL
Stoch %K: 40.20
Stoch %D: 38.28
Williams %R: -41.18

Volume & Volatility

BB Upper: $9.29
BB Lower: $8.98
NEUTRAL
OBV: -1,875,025
Vol SMA 20: 58,921
Vol ROC: -30.78%
ATR: $0.18
True Range: $0.15
HV 20: 15.6%
HV 30: 23.7%
HV 60: 21.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-04T00:00:00 – 2026-11-04T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

LIEN Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

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:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

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)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.1388
Alpha: -9.97%
Correlation: 0.0783
R-Squared: 0.6%
Stock Volatility: 22.8%
Market Volatility: 12.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own LIEN
3 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$861K
0.00%
#3872 of 6285+45.8%13F
Millennium Management Hedge fund
Izzy Englander
$232K
0.00%
#3427 of 3716+13.9%13F
Rockefeller Capital Management Family office
Rockefeller family
$29K
0.00%
#3600 of 47290.0%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

LIEN Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional 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.

48 filers3,492,698 shares$33.92M value
# Filer Shares Value % of Total % of Float Period
1 INTREPID CAPITAL MANAGEMENT INC 756,185 $7.39M 21.78% — 2026-06-30
2 Sowell Financial Services LLC 531,358 $5.07M 14.94% — 2026-09-30
3 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 189,596 $1.85M 5.46% — 2026-06-30
4 Corient Private Wealth LP 188,863 $1.85M 5.44% — 2026-06-30
5 CDC Financial, Inc. 177,391 $1.73M 5.11% — 2026-06-30
6 CONDOR CAPITAL MANAGEMENT 163,673 $1.60M 4.71% — 2026-06-30
7 HighTower Advisors, LLC 155,924 $1.52M 4.49% — 2026-06-30
8 PARTNERS CAPITAL INVESTMENT GROUP, LLP 145,336 $1.42M 4.19% — 2026-06-30
9 Black Maple Capital Management LP 130,920 $1.28M 3.77% — 2026-06-30
10 Raymond James Financial, Inc. Custodian 96,131 $939.20K 2.77% — 2026-06-30
11 Citadel Advisors LLC Custodian 88,149 $861.22K 2.54% — 2026-06-30
12 BlackRock, Inc. Custodian 74,480 $727.67K 2.15% — 2026-06-30
13 Transce3nd, LLC 69,075 $628.58K 1.85% — 2026-09-30
14 Clayton Partners LLC 58,666 $573.17K 1.69% — 2026-06-30
15 RITHOLTZ WEALTH MANAGEMENT 54,347 $530.97K 1.57% — 2026-06-30
16 Venturi Wealth Management, LLC 40,171 $392.47K 1.16% — 2026-06-30
17 Gladstone Institutional Advisory LLC 38,600 $377.12K 1.11% — 2026-06-30
18 Apollon Wealth Management, LLC 39,355 $375.45K 1.11% — 2026-09-30
19 FIRETHORN WEALTH PARTNERS, LLC 38,007 $362.59K 1.07% — 2026-09-30
20 Sage Mountain Advisors LLC 30,797 $300.89K 0.89% — 2026-06-30
21 Tidal Investments LLC 30,022 $293.31K 0.86% — 2026-06-30
22 Cambridge Investment Research Advisors, Inc. 29,875 $292.00K 0.86% — 2026-06-30
23 Closed-End Fund Advisors, Inc. 28,303 $276.52K 0.82% — 2026-06-30
24 ENTREWEALTH, LLC 28,426 $271.18K 0.80% — 2026-09-30
25 Wick Capital Partners, LLC 26,967 $263.47K 0.78% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

LIEN Insider Trading (Form 4)

Latest: 2026-09-01
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-01 Bernardino Colonna President Buy (P) +1,000 $10.23 $10.2K EDGAR
2026-09-01 Scott Gordon Co-Chief Investment Officer Buy (P) +134 $10.22 $1.4K EDGAR
2026-08-27 Scott Gordon Co-Chief Investment Officer Buy (P) +7,733 $10.17 $78.7K EDGAR
2026-08-27 Bernardino Colonna President Buy (P) +1,600 $10.17 $16.3K EDGAR
2026-08-24 Scott Gordon Co-Chief Investment Officer Buy (P) +9,215 $9.78 $90.1K EDGAR
2026-08-19 Umesh Mahajan Secretary; Co-CIO Buy (P) +4,000 $9.60 $38.4K EDGAR
2026-08-19 Scott Gordon Co-Chief Investment Officer Buy (P) +44,084 $9.55 $420.8K EDGAR
2026-08-19 John Mazarakis 10%+ Owner Buy (P) +60,000 $9.44 $566.4K EDGAR
2026-08-19 Gianni James Lezziere Fazio Chief Accounting Officer Buy (P) +200 $9.55 $1.9K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

LIEN Insider Holdings

5 insiders · @ $9.20
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Scott Gordon Co-Chief Investment Officer 2,983,394 $27.45M $590.9K 4 2026-09-01
2 John Mazarakis 10%+ Owner 2,947,204 $27.11M $566.4K 1 2026-08-19
3 Umesh Mahajan Secretary; Co-CIO 6,997 $64.4K $38.4K 1 2026-08-19
4 Bernardino Colonna President 5,030 $46.3K $26.5K 2 2026-09-01
5 Gianni James Lezziere Fazio Chief Accounting Officer 200 $1.8K $1.9K 1 2026-08-19
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

LIEN Board & Officers

As of SEC filings through Sep 1, 2026

Directors 4

Officers 6

10% owners 4

Changes in the last 10 years (37)
Aug 19, 2026Scott Gordon no longer listed as a 10% owner in SEC filings
Aug 19, 2026John Mazarakis first listed as a 10% owner in an SEC filing
Apr 10, 2026The company announced the departure of Patrick Robert McCauley from the board in an SEC filing
Jul 17, 2025Peter Sack first listed as a director in an SEC filing
Jul 1, 2025Thomas Geoffroy became Interim CFO
Jul 1, 2025The company announced the departure of Martin G Rodgers as Chief Financial Officer in an SEC filing
Jul 1, 2025Gianni James Lezziere Fazio became Chief Accounting Officer
Jun 19, 2025The company announced the departure of John Mazarakis from the board in an SEC filing
May 21, 2025Scott Gordon listed as Co-Chief Investment Officer (previously Chief Executive Officer) in SEC filings
Apr 14, 2025Umesh Mahajan listed as Secretary; Co-CIO (previously Chief Financial Officer) in SEC filings
Mar 13, 2025The company announced the departure of Jason D Papastavrou from the board in an SEC filing
Mar 13, 2025The company announced the departure of Frederick C Herbst from the board in an SEC filing
Mar 13, 2025The company announced the departure of Andreas Bodmeier as Chief Executive Officer in an SEC filing
Mar 13, 2025Supurna VedBrat became a director
Mar 13, 2025Peter Sack became Chief Executive Officer
Mar 13, 2025Patrick Robert McCauley became a director
Feb 14, 2025Martin G Rodgers became Chief Financial Officer
Oct 1, 2024John Mazarakis became a director
Oct 1, 2024Jason D Papastavrou became a director
Oct 1, 2024Frederick C Herbst became a director
Not reported recently (5)
  • Supurna VedBrat · Last reported as a director in an SEC filing dated Apr 25, 2025
  • Chicago Atlantic Loan Portfolio, LLC · Last reported as a 10% owner in an SEC filing dated Oct 15, 2024
  • Michael William Chorske · Last reported as a director in an SEC filing dated Apr 24, 2024
  • Gregory M. Gentile · Last reported as a 10% owner in an SEC filing dated Sep 6, 2022
  • Vivek Bunty Bohra · Last reported as a director in an SEC filing dated Jul 26, 2022
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
1 ETF hold LIEN
1 shown · $266.47K total exposure · 0.39% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 CNBS Amplify Seymour Cannabis ETF Amplify 0.39% $266,469 $68.3M 2026-11-04
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.