Zacks Investment ResearchT3·1mo ago
MCHI iShares MSCI China ETF
ETF 48.98 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.
MCHI
$48.98
—
Key stats
$48.98
- 52-Week Range
- $48.65 – $65.84
- YTD
- -21.30%
- IV Rank (30D)
- 35.74
- Straddle Price
- $2.55
- P/C Vol Ratio
- 0.77
- Open
- $48.69
- Day Range
- $48.65 – $49.04
- Volume
- 1,388,715
- Prev Close
- $50.05
About
iShares MSCI China ETF (MCHI) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2011-03-29
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough May 2026flows, SEC filings
International Equity
Single Country#12 of 163 by assets
iShares
China
Emerging Markets
Index-tracking
- Expense ratio
- 0.59% issuer, Oct 22, 2026
- Assets
- $5.6B issuer-reported, Oct 20, 2026
- Trailing yield
- 2.19% paid semi-annual
- Average daily volume
- $91M 30 sessions
- Holdings
- 585 top 10 are 42.2%
- Listed
- Mar 29, 2011 Nasdaq
- Last fee change
- +1 bp filed Dec 21, 2023
- Net asset value
- $50.15 issuer, Oct 21, 2026 · closed -0.30% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 1.91% issuer, Sep 30, 2026
- Return on NAV, 1 year
- −19.0% issuer, through Sep 30, 2026 · 3 years +9.1% a year · 5 years −2.8% · 10 years +2.7%
- Distributions, 12 months
- $1.10 a share issuer, through Jun 15, 2026: 100% income
- Tracking difference
- +2.36 pts vs index, after fees, FY 2025
Cost37
Liquidity99
Scale100
Diversification58
Moves with. US large-cap stocks (25% of its variance, beta 0.69); Emerging markets over US (16% of its variance, beta 0.35); Gold (6% of its variance, beta 0.10). These factors explain 44% of its daily moves over the last year.
Stated objective. The iShares MSCI China ETF (the Fund ) seeks to track the investment results of an index composed of Chinese equities that are available to international investors. (from the fund's prospectus)
All 585 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough May 2026SEC filings- Oct 20, 2026
- $0 latest day
- Latest 5 trading days
- −$41M
- Latest 21 trading days
- −$156M −2.8% of assets
- Year to date
- −$919M −$919M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | −$41M |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | −$10M |
| Oct 12, 2026 | −$42M |
| Oct 9, 2026 | −$21M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | −$42M |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | $0 |
| Sep 22, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- May 2026
- −$126M latest reported month
- Latest 3 months
- −$625M −9.8% of assets
- Latest 12 months
- −$32M −0.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$126M |
| Apr 2026 | −$70M |
| Mar 2026 | −$429M |
| Feb 2026 | −$49M |
| Jan 2026 | −$101M |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | −$51M |
| Sep 2025 | $0 |
| Aug 2025 | +$395M |
| Jul 2025 | +$367M |
| Jun 2025 | +$32M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FLCHFranklin FTSE China ETF | 88% | 0.19% | $259M | −21.4% | compare |
| GXCState Street SPDR S&P China ETF | 75% | 0.59% | $440M | −18.7% | compare |
| FXIiShares China Large-Cap ETF | 55% | 0.73% | $3.8B | −18.6% | compare |
| BKFiShares MSCI BIC ETF | 55% | 0.72% | $66M | −14.2% | compare |
| CXSEWisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund | 43% | 0.32% | $395M | −22.3% | 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- Insider buying
- 0% of weight had net insider buying, 90 days; 2% net selling
- Reporting earnings
- 0.1% of weight in 7 days; 0.1% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.02%
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
Oct 16, 2026 → Oct 19, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | CHINA INTERNATIONAL CAPITAL A | 0.05% | 0.07% | +34.6% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.0%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 7 active of 40 with agreements; top 3 did 91%
- Created · redeemed
- $3.0B · $1.4B over the fiscal year
- Redemptions in kind
- 98% creations 98% in kind
- Creation unit
- 200,000 shares
- Securities lending
- 1.19% of assets on loan on average; earned 2.0 bp
- Return vs index
- +2.36 pts after fees; +2.36 before; daily s.d. 17.71
- Diversification status
- Non-diversified may concentrate in fewer issuers
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
585
AUM
$5.6B
Provider
iShares (BlackRock)
Inception
2011-03-29
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.59%
Dividend Yield
2.19%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-15 | 2026-06-18 | $0.3613 | CD |
| 2025-12-16 | 2025-12-19 | $0.7350 | CD |
| 2025-06-16 | 2025-06-20 | $0.5356 | CD |
| 2024-12-17 | 2024-12-20 | $0.8911 | CD |
| 2024-06-11 | 2024-06-17 | $0.1905 | CD |
| 2023-12-20 | 2023-12-27 | $0.9941 | CD |
Asset Allocation
Top Holdings
top 50 of 585 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TENCENT HOLDINGS | 13.59% | Equity (Foreign) | CN |
| — | ALIBABA GROUP HOLDING | 9.50% | Equity (Foreign) | CN |
| — | CHINA CONSTRUCTION BANK CORP H | 4.44% | Equity (Foreign) | CN |
| — | INDUSTRIAL AND COMMERCIAL BANK OF | 2.63% | Equity (Foreign) | CN |
| — | XIAOMI | 2.49% | Equity (Foreign) | CN |
| — | BANK OF CHINA LTD H | 2.20% | Equity (Foreign) | CN |
| — | MEITUAN | 2.06% | Equity (Foreign) | CN |
| — | NETEASE | 1.86% | Equity (Foreign) | CN |
| PDD | PDD HOLDINGS ADS | 1.78% | Equity (Foreign) | CN |
| — | PING AN INSURANCE (GROUP) CO OF CH | 1.64% | Equity (Foreign) | CN |
| — | BYD H | 1.46% | Equity (Foreign) | CN |
| — | JD.COM CLASS A | 1.29% | Equity (Foreign) | CN |
| — | PETROCHINA H | 1.14% | Equity (Foreign) | CN |
| — | CHINA MERCHANTS BANK H | 1.09% | Equity (Foreign) | CN |
| — | LENOVO GROUP | 1.02% | Equity (Foreign) | CN |
| — | ZIJIN MINING GROUP LTD H | 1.00% | Equity (Foreign) | CN |
| — | TRIP.COM GROUP | 1.00% | Equity (Foreign) | CN |
| — | AGRICULTURAL BANK OF CHINA LTD H | 0.98% | Equity (Foreign) | CN |
| — | BEONE MEDICINES AG | 0.97% | Equity (Foreign) | CN |
| — | WUXI BIOLOGICS CAYMAN | 0.95% | Equity (Foreign) | CN |
| — | CHINA LIFE INSURANCE LTD H | 0.93% | Equity (Foreign) | CN |
| — | BAIDU | 0.88% | Equity (Foreign) | CN |
| — | CHINA SHENHUA ENERGY LTD H | 0.76% | Equity (Foreign) | CN |
| — | INNOVENT BIOLOGICS | 0.68% | Equity (Foreign) | CN |
| — | KWEICHOW MOUTAI A | 0.64% | Equity (Foreign) | CN |
| — | YUM CHINA HOLDINGS INC | 0.62% | Equity (Foreign) | CN |
| — | PICC PROPERTY AND CASUALTY LTD H | 0.56% | Equity (Foreign) | CN |
| — | CHINA PETROLEUM AND CHEMICAL H | 0.54% | Equity (Foreign) | CN |
| — | GEELY AUTOMOBILE HOLDINGS LTD | 0.53% | Equity (Foreign) | CN |
| — | ANTA SPORTS PRODUCTS LTD | 0.52% | Equity (Foreign) | CN |
| — | KE HOLDINGS | 0.50% | Equity (Foreign) | CN |
| — | CHINA RESOURCES LAND | 0.47% | Equity (Foreign) | CN |
| — | KUAISHOU TECHNOLOGY | 0.44% | Equity (Foreign) | CN |
| — | HKD CASH | 0.44% | Cash/Money Market | HK |
| — | CONTEMPORARY AMPEREX TECHNOLOGY A | 0.44% | Equity (Foreign) | CN |
| — | WUXI APPTEC H | 0.42% | Equity (Foreign) | CN |
| — | NONGFU SPRING LTD H | 0.40% | Equity (Foreign) | CN |
| — | CONTEMPORARY AMPEREX TECHNOLOGY CL | 0.39% | Equity (Foreign) | CN |
| — | CSPC PHARMACEUTICAL GROUP | 0.39% | Equity (Foreign) | CN |
| — | CHINA PACIFIC INSURANCE (GROUP) H | 0.37% | Equity (Foreign) | CN |
| — | POP MART INTERNATIONAL GROUP | 0.37% | Equity (Foreign) | CN |
| HTHT | H WORLD GROUP ADR | 0.36% | Equity (Foreign) | CN |
| — | CHINA CITIC BANK CORP LTD H | 0.36% | Equity (Foreign) | CN |
| — | BANK OF COMMUNICATIONS LTD H | 0.34% | Equity (Foreign) | CN |
| — | CHINA MERCHANTS BANK A | 0.33% | Equity (Foreign) | CN |
| — | NEW ORIENTAL EDUCATION & TECHNOLOG | 0.33% | Equity (Foreign) | CN |
| — | ZTO EXPRESS (CAYMAN) INC | 0.33% | Equity (Foreign) | CN |
| — | CHINA HONGQIAO GROUP LTD | 0.33% | Equity (Foreign) | CN |
| — | AKESO INC | 0.32% | Equity (Foreign) | CN |
| — | CHINA MENGNIU DAIRY LTD | 0.30% | Equity (Foreign) | CN |
Geographic Breakdown
Non-Equity Breakdown
iShares MSCI China ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$6.35B
· 584 total positions
· equity 95.90%
· non-equity 6.20%
Non-equity holdings
— 14 positions,
6.20% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 3.66% | $232.1M | 11 |
| Short-term investment | 2.56% | $162.5M | 2 |
| Derivative (equity) | -0.02% | $-1334014 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 7.73% | -0.25% | 9.10% | -7.98% | 5.19% | 0.26% | 2.34% |
| Feb | -3.31% | -6.95% | -12.70% | 6.27% | 11.44% | -4.14% | -1.57% |
| Mar | -9.03% | -9.73% | 0.36% | 0.25% | 3.01% | -3.98% | -3.19% |
| Apr | -1.13% | -7.84% | -4.33% | 3.69% | -5.30% | 2.80% | -2.02% |
| May | 0.09% | 2.09% | -9.03% | 3.91% | 2.38% | -4.54% | -0.85% |
| Jun | -1.95% | 8.81% | 0.90% | -4.12% | 3.45% | -7.90% | -0.13% |
| Jul | -12.84% | -11.00% | 9.52% | -2.03% | 3.91% | 8.07% | -0.73% |
| Aug | -1.98% | 1.18% | -7.80% | 2.12% | 8.47% | -2.11% | -0.02% |
| Sep | -6.98% | -13.53% | -5.67% | 23.18% | 6.83% | -4.08% | -0.04% |
| Oct | 3.54% | -16.87% | -2.97% | -7.04% | -4.05% | -5.94%* | -5.55% |
| Nov | -7.27% | 26.64% | 2.11% | -4.37% | -2.12% | -- | 3.00% |
| Dec | -3.06% | 1.89% | -3.71% | -1.10% | -4.13% | -- | -2.02% |
| Total | -31.99% | -28.36% | -23.72% | 9.73% | 31.30% | -20.39% | -10.57% |
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: $51.62
SMA 50: $53.15
SMA 200: $56.15
Current: $49.02
EMA 12: $51.02
EMA 26: $51.84
MACD: -0.8240 | Signal: -0.1893
BEARISH
ADX (14): 22.72
WEAK TREND
+DI: 16.32
−DI: 48.05
Momentum Oscillators
RSI (14): 27.66
OVERSOLD
Stoch %K: 10.43
Stoch %D: 8.99
Williams %R: -90.80
Volume & Volatility
BB Upper: $53.38
BB Lower: $49.86
OVERSOLD
OBV: -108,033,774
Vol SMA 20: 1,922,300
Vol ROC: -12.87%
ATR: $0.72
True Range: $1.40
HV 20: 17.6%
HV 30: 17.6%
HV 60: 15.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Bullish MACD signal indicating potential uptrend
- Neutral RSI reading suggesting no clear momentum direction
- Overbought Bollinger Bands hinting at possible mean reversion
Primary risks:
- High IV rank and put/call ratios suggest moderate volatility and bearish sentiment
- Recent news sentiment is mixed, with some positive headlines (e.g., China's PPI rebound) but also some negative ones (e.g., Tian Ruixiang's health insurance AI acquisition)
Investment thesis: MCHI may experience a mean reversion from its current overbought state, driven by the bullish MACD signal and potential catalysts such as positive earnings or regulatory changes.
Recent news sentiment impact: The recent news headlines have had a neutral impact on my analysis, with mixed sentiments and no clear direction.
Technical Analysis
Trend Direction: Short-term: NEUTRAL (RSI and Bollinger Bands suggest mean reversion), Medium-term: BULLISH (MACD signal), Long-term: NEUTRAL (no clear trend)
Support/Resistance Levels: Key price levels from moving averages:
- SMA 20: $53.67
- SMA 50: $53.80
- SMA 200: $58.74
Momentum Signals: - RSI interpretation: Neutral (64.83) - MACD signal: Bullish (0.48 / Signal: 0.33 / Histogram: 0.15) - Bollinger Bands position: Overbought
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 2676763.50
- On-Balance Volume (OBV): -48388020.66
- Volume Rate of Change: 242.48%
News & Sentiment Analysis
Recent Headlines Summary: Mixed news sentiment, with some positive headlines (e.g., China's PPI rebound) but also some negative ones (e.g., Tian Ruixiang's health insurance AI acquisition)
Sentiment Assessment: Neutral (aggregate news sentiment is mixed)
Catalyst Identification: Upcoming events and regulatory changes in the Chinese market
Market Narrative: The recent news headlines have not strongly contradicted technical signals, but rather suggest a neutral market narrative.
Risk & Volatility Assessment
Beta Interpretation: Moderate risk relative to market (beta: 0.90)
Volatility Regime: Current volatility levels are moderate (historical volatility: HV20 18.9%, HV30 18.9%, HV60 21.4%)
Options Market Signals: IV rank: 47.6% (Medium), put/call ratios: 2.21 (Bearish sentiment)
Downside Protection: Support levels:
- SMA 20: $53.67
- SMA 50: $53.80
Market Context & Positioning
Sector Performance: The Chinese market has been performing relatively well, with some positive headlines and a moderate risk environment.
Institutional Activity: Institutional interest is moderate, with some investors buying into the fund (e.g., SYON Capital) but also others selling (e.g., Nipun Capital).
Correlation Analysis: MCHI's correlation with the market is moderate (R-squared: 0.56), indicating a relatively strong link between the two.
Relative Valuation: MCHI's price relative to its trading range suggests it may be slightly overvalued, but not significantly so.
Key Levels & Action Items
Critical Price Levels: Support/resistance levels:
- SMA 20: $53.67
- SMA 50: $53.80
- SMA 200: $58.74
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Overbought Bollinger Bands resistance level: $55.73
- Mean reversion potential from current overbought state
Time-Sensitive Catalysts: Upcoming events and regulatory changes in the Chinese market
Risk Management: Stop-loss levels:
- SMA 20: $53.67
- SMA 50: $53.80
Generated
News
All MCHI news →
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Showing 1–10 of 50
Page 1 of 5
MCHI Options Activity & IV Rank
MCHI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 23.0%
7-DTE IV: —
Expected Move: $2.55
7-DTE Move: $2.55
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 65
Put Volume: 50
P/C Volume: 0.769
NEUTRAL
Call OI: 949
Put OI: 510
P/C OI: 0.537
Total OI: 1,459
ATM Options Pricing
ATM Call: $1.45
ATM Put: $1.10
Call %: 3.0%
Put %: 2.2%
Chain Summary
Chain Volume: 1,172
Chain OI: 14,685
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 19th 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
19%
vs own history
GEX tilt
-0.19
OI-weighted, today
Vanna tilt
+0.49
δ-sensitivity to IV
Charm tilt
-0.36
δ-decay vs time
Vanna tilt +0.49: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.36: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 41 ATM contracts, 4k 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
51%
+3.7
pts
EXTREME
ATM 23.2% / Wing 26.9%
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)35.7MediumOct 22
Straddle Price (30 DTE)$2.55Oct 22
Beta Analysis
Risk Metrics
Beta: 0.8035
Alpha: -35.02%
Correlation: 0.5404
R-Squared: 29.2%
Stock Volatility: 18.9%
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
MCHI 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$23.35M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $9.51M | 40.73% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $7.35M | 31.49% | 2026-06-30 |
| 3 | Wolverine Trading, LLC Custodian | $5.98M | 25.59% | 2025-09-30 |
| 4 | UBS Group AG Custodian | $510.25K | 2.19% | 2026-06-30 |
5 filers$16.81M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $11.96M | 71.16% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $2.10M | 12.48% | 2025-09-30 |
| 3 | Jane Street Group, LLC Custodian | $1.22M | 7.29% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $892.94K | 5.31% | 2026-06-30 |
| 5 | Point72 Asset Management, L.P. | $632.71K | 3.76% | 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
8.58M
SI % of Float
7.59%
Days to Cover
5.30
Short Vol Ratio
75.3%
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 |
|---|