The Motley FoolT3·8mo ago
LMBS First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF
ETF 48.56 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.
LMBS
$48.56
—
Key stats
$48.56
- 52-Week Range
- $47.60 – $51.98
- YTD
- -2.78%
- IV Rank (30D)
- 39.44
- Straddle Price
- $2.00
- Open
- $48.64
- Day Range
- $48.53 – $48.89
- Volume
- 640,390
- Prev Close
- $48.74
About
First Trust Exchange-Traded Fund IV First Trust Low Duration Opportunities ETF (LMBS) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2014-11-04
- Has Options
- Yes
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.66% prospectus, filed Feb 27, 2026
- Assets
- $6.5B issuer-reported, Oct 19, 2026
- Trailing yield
- 4.19% paid monthly
- Average daily volume
- $37M 30 sessions
- Holdings
- 1,250 top 10 are 18.2%
- Listed
- Nov 4, 2014 Nasdaq
- Last fee change
- +1 bp filed Feb 27, 2026
- Net asset value
- $48.70 issuer, Oct 19, 2026
- 30-day SEC yield
- 3.95% issuer, Sep 30, 2026
Cost11
Liquidity86
Scale100
Diversification100
Moves with. Long Treasuries (28% of its variance, beta 0.12); High yield over Treasuries (6% of its variance, beta -0.10); US large-cap stocks (5% of its variance, beta 0.03); US dollar (4% of its variance, beta -0.05). These factors explain 46% of its daily moves over the last year.
Stated objective. The First Trust Low Duration Opportunities ETFs (the Fund ) primary investment objective is to generate current income. The Fund's secondary investment objective is to provide capital appreciation. (from the fund's prospectus)
All 1,250 holdingsFlow historyOverlap toolAll Short-Term Bond ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$40M latest reported month
- Latest 3 months
- +$241M +3.8% of assets
- Latest 12 months
- +$1.2B +18.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$40M |
| Jun 2026 | +$85M |
| May 2026 | +$117M |
| Apr 2026 | +$62M |
| Mar 2026 | +$147M |
| Feb 2026 | +$148M |
| Jan 2026 | +$105M |
| Dec 2025 | +$52M |
| Nov 2025 | +$68M |
| Oct 2025 | +$180M |
| Sep 2025 | +$70M |
| Aug 2025 | +$87M |
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 | |
|---|---|---|---|---|---|
| BSVVanguard Short-Term Bond ETF | — | 0.03% | $45.5B | −3.3% | compare |
| VCSHVanguard Short-Term Corporate Bond ETF | — | 0.03% | $43.9B | −3.3% | compare |
| IGSBiShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | — | 0.04% | $23.4B | −3.3% | compare |
| SPSBState Street SPDR Portfolio Short Term Corporate Bond ETF | — | 0.04% | $11.2B | −2.3% | compare |
| DFSDDimensional Short-Duration Fixed Income ETF | — | 0.16% | $7.3B | −3.8% | compare |
The largest other funds in the Short-Term Bond category.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- +42.7% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
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.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 6 active of 24 with agreements; top 3 did 97%
- Created · redeemed
- $942M · $37M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
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
1249
AUM
$6.5B
Provider
First Trust
Inception
2014-11-04
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.66%
Dividend Yield
4.20%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-21 | 2026-11-02 | $0.1700 | CD |
| 2026-09-24 | 2026-09-30 | $0.1700 | CD |
| 2026-08-21 | 2026-08-31 | $0.1700 | CD |
| 2026-07-21 | 2026-07-31 | $0.1700 | CD |
| 2026-06-25 | 2026-06-30 | $0.1700 | CD |
| 2026-05-21 | 2026-05-29 | $0.1700 | CD |
Asset Allocation
Top Holdings
top 50 of 1249 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Fannie Mae or Freddie Mac TBA, 6%, due 06/01/2056 | 4.05% | MBS/ABS | US |
| — | Fannie Mae or Freddie Mac TBA, 5.50%, due 04/01/2056 | 2.03% | MBS/ABS | US |
| — | GNMA TBA, 6.50%, due 01/01/2056 | 2.03% | MBS/ABS | — |
| — | Fannie Mae or Freddie Mac TBA, 3.50%, due 02/01/2052 | 1.79% | MBS/ABS | US |
| — | Fannie Mae or Freddie Mac TBA, 6.50%, due 03/01/2055 | 1.58% | MBS/ABS | US |
| — | GNMA G2 788850, 6%, due 09/20/2066 | 1.48% | MBS/ABS | — |
| — | U.S. Treasury Bill, 0%, due 10/27/2026 | 1.23% | Treasury | US |
| — | Freddiemac Strip Series 462, Class AK, 4.65%, due 07/25/2031 | 1.21% | MBS/ABS | — |
| — | U.S. Treasury Bond, 5.125%, due 08/15/2046 | 1.10% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 11/03/2026 | 1.08% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 11/05/2026 | 1.08% | Treasury | US |
| — | GNMA G2 MA7366, 2%, due 05/20/2051 | 1.06% | MBS/ABS | — |
| — | GNMA TBA, 4.50%, due 05/01/2056 | 1.03% | MBS/ABS | US |
| — | GNMA G2 788612, 6%, due 11/20/2065 | 1.01% | MBS/ABS | — |
| — | U.S. Treasury Bill, 0%, due 10/29/2026 | 0.92% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 11/10/2026 | 0.92% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 11/12/2026 | 0.92% | Treasury | US |
| — | U.S. Treasury Inflation Indexed Note, 0.125%, due 04/15/2027 | 0.91% | Treasury | US |
| — | Fannie Mae FN FM3003, 4%, due 05/01/2049 | 0.89% | MBS/ABS | — |
| — | GNMA TBA, 6.50%, due 01/01/2056 | 0.89% | MBS/ABS | US |
| — | Fannie Mae FN FA5201, 4%, due 03/01/2050 | 0.85% | MBS/ABS | — |
| — | Freddie Mac FR SL1523, 3.50%, due 07/01/2050 | 0.83% | MBS/ABS | — |
| — | Fannie Mae FN FM2972, 4%, due 12/01/2044 | 0.77% | MBS/ABS | — |
| — | U.S. Treasury Bill, 0%, due 11/24/2026 | 0.77% | Treasury | US |
| — | Fannie Mae or Freddie Mac TBA, 6%, due 11/01/2037 | 0.76% | MBS/ABS | — |
| — | U.S. Treasury Bond, 5%, due 05/15/2045 | 0.76% | Treasury | US |
| — | Fannie Mae FN FA2450, 4%, due 03/01/2047 | 0.65% | MBS/ABS | — |
| — | U.S. Treasury Bill, 0%, due 11/17/2026 | 0.61% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 11/19/2026 | 0.61% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 12/01/2026 | 0.61% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 12/15/2026 | 0.61% | Treasury | US |
| — | Fannie Mae FN AL9394, 3%, due 11/01/2046 | 0.60% | MBS/ABS | — |
| — | Freddie Mac Series 5638, Class AF, Variable rate, due 03/25/2056 | 0.59% | MBS/ABS | — |
| — | Fannie Mae FN FS8780, 3%, due 07/01/2050 | 0.57% | MBS/ABS | — |
| — | Fannie Mae Series 2026-5, Class CF, Variable rate, due 02/25/2056 | 0.57% | MBS/ABS | — |
| — | Fannie Mae FN FA1024, 2.50%, due 05/01/2051 | 0.56% | MBS/ABS | — |
| — | U.S. Treasury Bond, 0%, due 11/15/2037 | 0.53% | Treasury | US |
| — | U.S. Treasury Note, 4.625%, due 08/15/2036 | 0.52% | Treasury | US |
| — | Freddie Mac FR ZT0779, 3%, due 09/01/2047 | 0.48% | MBS/ABS | — |
| — | Fannie Mae Series 2022-66, Class CF, Variable rate, due 10/25/2052 | 0.46% | MBS/ABS | — |
| — | Freddie Mac Series 5221, Class YC, 4%, due 05/25/2052 | 0.46% | MBS/ABS | — |
| — | U.S. Treasury Bill, 0%, due 01/12/2027 | 0.46% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 12/08/2026 | 0.46% | Treasury | US |
| — | U.S. Treasury Bill, 0%, due 12/24/2026 | 0.46% | Treasury | US |
| — | U.S. Treasury Note, 4.125%, due 02/15/2027 | 0.46% | Treasury | US |
| — | GNMA Series 2022-63, Class AZ, 3%, due 08/20/2051 | 0.44% | MBS/ABS | — |
| — | Fannie Mae FN 310242, 3%, due 12/01/2046 | 0.43% | MBS/ABS | — |
| — | Fannie Mae FN AS7749, 3.50%, due 08/01/2046 | 0.43% | MBS/ABS | — |
| — | Fannie Mae FN FS2044, 4.50%, due 07/01/2044 | 0.43% | MBS/ABS | — |
| — | Freddie Mac Series 5642, Class FN, Variable rate, due 03/25/2056 | 0.43% | MBS/ABS | — |
Non-Equity Breakdown
First Trust Low Duration Opportunities ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-24)
Net assets:
$6.35B
· 1246 total positions
· equity 0.07%
· non-equity 108.20%
Non-equity holdings
— 1242 positions,
108.20% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| ABS-O | 52.66% | $3.35B | 780 |
| Mortgage-backed (US Govt-Sponsored Entity) | 32.50% | $2.07B | 240 |
| US Treasury | 18.02% | $1.14B | 66 |
| Mortgage-backed (US Govt Agency) | 2.45% | $155.4M | 75 |
| Short-term investment | 1.98% | $125.8M | 1 |
| Derivative (interest rate) | 0.37% | $23.5M | 76 |
| Corporate | 0.13% | $8.1M | 1 |
| US Govt Agency | 0.07% | $4.7M | 1 |
| Mortgage-backed (Corporate) | 0.02% | $1.4M | 2 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.04% | -0.44% | 1.48% | 0.29% | 0.14% | 0.44% | 0.31% |
| Feb | -0.41% | -0.42% | -1.12% | -0.72% | 0.88% | 0.64% | -0.19% |
| Mar | -0.31% | -1.23% | 0.59% | 0.10% | 0.04% | -1.05% | -0.31% |
| Apr | 0.06% | -0.35% | 0.00% | -0.98% | -0.14% | 0.04% | -0.23% |
| May | -0.25% | -0.23% | -0.25% | 0.59% | -0.35% | -0.10% | -0.10% |
| Jun | -0.24% | -0.51% | -0.44% | -0.12% | 0.80% | -0.06% | -0.09% |
| Jul | -0.18% | 0.29% | 0.02% | 1.61% | -0.20% | -0.36% | 0.20% |
| Aug | -0.24% | -0.49% | 0.27% | 0.35% | 0.51% | -0.09% | 0.05% |
| Sep | -0.32% | -1.82% | -0.80% | 0.59% | 0.36% | -1.96% | -0.66% |
| Oct | -0.32% | -1.29% | -0.79% | -1.70% | 0.14% | 0.06%* | -0.65% |
| Nov | -0.54% | 0.98% | 1.62% | 0.87% | 0.20% | -- | 0.63% |
| Dec | -0.32% | -0.19% | 1.13% | -0.53% | 0.00% | -- | 0.02% |
| Total | -3.07% | -5.58% | 1.68% | 0.31% | 2.40% | -2.44% | -1.12% |
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: $48.61
SMA 50: $49.10
SMA 200: $49.72
Current: $48.56
EMA 12: $48.68
EMA 26: $48.78
MACD: -0.1053 | Signal: 0.0381
BEARISH
ADX (14): 38.30
TREND
+DI: 31.05
−DI: 24.61
Momentum Oscillators
RSI (14): 35.13
NEUTRAL
Stoch %K: 37.26
Stoch %D: 50.11
Williams %R: -66.90
Volume & Volatility
BB Upper: $48.81
BB Lower: $48.42
NEUTRAL
OBV: 5,942,514
Vol SMA 20: 811,778
Vol ROC: -52.76%
ATR: $0.41
True Range: $0.36
HV 20: 3.4%
HV 30: 3.3%
HV 60: 2.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LMBS Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 7/10
LMBS presents a bearish technical setup despite extremely low volatility and defensive characteristics. The stock is trading below all major moving averages with deteriorating momentum, oversold RSI readings, and a strong downtrend (-DI: 33.50 vs +DI: 12.25). However, the extremely low beta (0.06) and minimal correlation to broader markets (0.32) suggest this is a bond/fixed-income ETF that operates largely independently of equity markets. The primary risk driver is the sustained downward pressure rather than systemic market risk.
Key Drivers: Negative technical momentum, oversold conditions, bearish MACD crossover, bearish sentiment from monetary policy headlines; Downside pressure from Fed tightening and rate cut uncertainty.
Primary Risks: Further mean reversion toward lower support levels; aggressive IV premium (697% above realized volatility) suggests options market is pricing excessive risk; put-skewed options flow indicates institutional hedging.
Investment Thesis: LMBS is experiencing a structural downtrend in a rising rate environment. The oversold RSI (26.39) presents a potential tactical bounce opportunity, but the downtrend regime (ADX: 33.17) and consistently lower moving averages suggest weakness persists. The massive IV premium relative to realized volatility (2.9% HV vs 23.3% IV) creates asymmetric risk for option buyers.
Recent News Sentiment Impact: Neutral to slightly negative. Headlines focus on Fed monetary tightening, rate cut uncertainty, and inflation dynamics—headwinds for a low-duration bond ETF product. The single positive headline (Friedenthal Financial purchasing $4.5M) provides minimal counterweight to macro concerns.
Technical Analysis
Trend Direction
| Timeframe | Assessment | Rationale | |-----------|-----------|-----------| | Short-term (1-4 weeks) | DOWNTREND | Price ($48.49) below all SMAs (20: $48.83, 50: $49.28, 200: $49.79); negative MACD histogram (-0.23); strong -DI (33.50) | | Medium-term (1-3 months) | DOWNTREND | Price declining relative to 50-day and 200-day moving averages; ADX 33.17 confirms strong directional trend | | Long-term (3-12 months) | DOWNTREND | Price well below 200-day MA; consistent spacing between SMAs indicates sustained downward pressure |
Support/Resistance Levels
Resistance (Overhead):
- $48.83 — SMA 20 (immediate resistance, broken)
- $49.28 — SMA 50 (intermediate resistance)
- $49.79 — SMA 200 (long-term resistance/psychological level)
Support (Downside):
- $48.22 — Bollinger Band Lower (current floor, $0.27 below price)
- $48.00 — Psychological support level
- $47.50 — Likely next significant support if breakdown occurs
- $47.00 — Extended support zone
Current Position: Price trading between Bollinger Band lower ($48.22) and middle ($48.83), indicating compression and potential mean reversion pressure.
Momentum Signals
RSI (14): 26.39 — OVERSOLD
- Interpretation: Deeply oversold territory (<30 threshold), signaling potential exhaustion of selling pressure
- Tactical Implication: Historically associated with bounce potential in the next 1-3 sessions
- Caution: Oversold doesn't preclude further downside; downtrend regimes can sustain oversold readings
- Divergence Risk: Price making new lows while RSI remains oversold suggests continued structural weakness
MACD: -0.25 / Signal Line: -0.02 / Histogram: -0.23 — BEARISH
- Current Signal: MACD below signal line (histogram -0.23) indicates bearish momentum
- Trend Confirmation: Negative histogram with price below moving averages reinforces downtrend
- Crossover Watch: MACD has not crossed above signal line; no bullish crossover signal yet
- Momentum Weakness: MACD values near zero suggest momentum is weakening in absolute terms but remains directionally negative
Stochastic Oscillators:
- %K: 44.12 / %D: 44.10 — Neutral, approaching midpoint (50 level)
- Signal: Slight bullish tint as stochastic stabilizes; potential for bounce if %K turns upward
- Williams %R: -55.97 — Mid-range reading (between -20 and -80), consistent with neutral-to-oversold conditions
Bollinger Bands:
- Current Position: Price ($48.49) near lower band ($48.22), well below middle band ($48.83)
- Band Width: 2.53% — Relatively tight bands indicate low volatility environment
- Signal: Not squeezed enough to predict immediate breakout; positioned for potential mean reversion toward middle band ($48.83, +0.70% upside)
- Interpretation: Neutral; narrow bands with price near lower edge suggests consolidation rather than directional breakout
Volume Analysis
Volume SMA 20: 759,309 shares (baseline for comparison)
Volume Rate of Change: +20.23% — SIGNIFICANT
- Current volume running 20% above 20-day average
- Suggests increased institutional or retail interest during downtrend
- Often precedes continuation breakdowns; accumulation by smart money during weakness
On-Balance Volume (OBV): 3,694,904
- Trend: OBV moving with price (confirming downtrend authenticity)
- Signal: Volume distribution consistent with selling pressure; not indicative of accumulation
Institutional Interest Assessment:
- Volume surge during downtrend typically indicates professional liquidation or hedging activity
- 20% above-average volume combined with oversold RSI suggests institutional rebalancing or forced selling, not retail capitulation
News & Sentiment Analysis
Recent Headlines Summary
Theme Analysis (Last 10 Articles):
-
Monetary Policy Dominance (6 of 10 headlines): Fed tightening, rate cut expectations, quantitative tightening
- Direct Impact: As a low-duration bond ETF, LMBS is sensitive to Fed policy direction and rate expectations
- Timing Alignment: Neutral headlines dated 5/14-6/29 align with period of downtrend acceleration
-
Inflation/Deflation Narrative (3 of 10): Inflation relief, consumer cooldown, "Higher for Longer" narrative
- Bond Market Context: Inflation fears typically weigh on bond prices; "Higher for Longer" rates environment is bearish for LMBS
-
Positive Catalyst (1 of 10): Friedenthal Financial $4.5M purchase of First Trust Low Duration Opportunities ETF
- Significance: Minor; single institutional purchase insufficient to counter macro headwinds
- Date Anomaly: Listed as 2026-02-03 (future date) — potential data error; likely should be 2024
Sentiment Assessment
Aggregate Sentiment: NEUTRAL to SLIGHTLY NEGATIVE
- Positive: 1/10 (10%)
- Neutral: 9/10 (90%)
- Negative: 0/10 (0%)
Interpretation: While headlines are technically "neutral," the consistent focus on Fed tightening, rate uncertainty, and inflation dynamics creates a structurally bearish environment for a low-duration bond fund. Neutral framing masks negative underlying implications for LMBS.
Catalyst Identification
Immediate (1-7 days):
- Fed meeting/commentary (if scheduled)
- Economic data releases (CPI, jobless claims, PMI)
- Rate expectations revision by market participants
Near-term (1-4 weeks):
- FOMC meeting outcomes
- PCE inflation data (Fed's preferred gauge)
- Treasury auction results affecting yields
Medium-term (1-3 months):
- Fed rate cut timeline clarity (critical for bond ETFs)
- Q2 earnings season (may influence Fed policy expectations)
- Geopolitical risk events affecting safe-haven demand
No Scheduled Earnings: LMBS is an ETF (First Trust Low Duration Opportunities ETF), not a corporate stock; earnings data not applicable.
Generated
News
All LMBS news →
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·29mo ago
Seeking AlphaT3·29mo ago
Seeking AlphaT3·29mo ago
Seeking AlphaT3·29mo ago
Seeking AlphaT3·29mo ago
Seeking AlphaT3·30mo ago
Seeking AlphaT3·31mo ago
Showing 1–10 of 50
Page 1 of 5
LMBS Options Activity & IV Rank
LMBS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.2%
7-DTE IV: —
Expected Move: $2.00
7-DTE Move: $2.00
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 50
P/C Volume: —
Call OI: 0
Put OI: 50
P/C OI: —
Total OI: 50
ATM Options Pricing
ATM Call: $0.90
ATM Put: $1.10
Call %: 1.9%
Put %: 2.3%
Chain Summary
Chain Volume: 53
Chain OI: 51
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
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 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 9.4% / 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)39.4MediumOct 21
Straddle Price (30 DTE)$2.00Oct 21
Beta Analysis
Risk Metrics
Beta: 0.0635
Alpha: -3.75%
Correlation: 0.3254
R-Squared: 10.6%
Stock Volatility: 2.5%
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
LMBS 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
179.78K
SI % of Float
0.14%
Days to Cover
1.00
Short Vol Ratio
43.7%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|