PAYH TrueShares S&P Autocallable High Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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TrueShares S&P Autocallable High Income ETF (PAYH) ETF
No description available.
- Exchange
- BATS
- Inception
- 2025-12-29
- Has Options
- No
- Expense ratio
- —
- Assets
- —
- Trailing yield
- 12.11% paid monthly
- Average daily volume
- $504K 30 sessions
- Holdings
- —
- Listed
- Dec 29, 2025 Cboe BZX
Moves with. Value over growth (9% of its variance, beta -0.36); US large-cap stocks (8% of its variance, beta 0.36); Gold (6% of its variance, beta 0.14). These factors explain 20% of its daily moves over the last year, so most of what drives this fund is something else.
No monthly flow reports are on file for this fund yet. New funds appear after their first quarterly filing; funds organised as unit investment trusts do not file them.
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| ACYNFT Vest Laddered Autocallable Barrier & Income ETF | — | 0.75% | $2.5B | — | compare |
| CAIECalamos Autocallable Income ETF | — | 0.74% | $1.2B | −2.5% | compare |
| ACYSFT Vest Laddered Autocallable Barrier & Resilient Income ETF | — | 0.75% | $577M | — | compare |
| SBARSimplify Barrier Income ETF | — | 0.75% | $393M | −3.7% | compare |
| CAIQCalamos Nasdaq Autocallable Income ETF | — | 0.74% | $286M | — | compare |
The largest other funds in the Put Write & Other Income category.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-02 | $0.3499 | CD |
| 2026-09-01 | 2026-09-02 | $0.3577 | CD |
| 2026-07-31 | 2026-08-03 | $0.3412 | CD |
| 2026-06-30 | 2026-07-01 | $0.3485 | CD |
| 2026-05-29 | 2026-06-01 | $0.3635 | CD |
| 2026-04-30 | 2026-05-01 | $0.3573 | CD |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -2.19% | -2.19% |
| Feb | -- | -4.06% | -4.06% |
| Mar | -- | -15.24% | -15.24% |
| Apr | -- | 11.98% | 11.98% |
| May | -- | -0.09% | -0.09% |
| Jun | -- | -1.48% | -1.48% |
| Jul | -- | -2.93% | -2.93% |
| Aug | -- | 2.22% | 2.22% |
| Sep | -- | 2.21% | 2.21% |
| Oct | -- | 1.49%* | 1.49% |
| Nov | -- | -- | -- |
| Dec | -0.58% | -- | -0.58% |
| Total | -0.58% | -9.76% | -5.17% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
Here is the comprehensive stock analysis report for PAYH:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Technical indicators suggest a neutral sentiment, with momentum oscillators indicating a consolidation phase. News headlines are currently unavailable.
Primary Risks: The stock's low volatility and lack of recent news headlines pose potential risks for investors seeking more significant market moves.
Investment Thesis: PAYH is likely in a consolidation phase, with technical indicators suggesting a range-bound movement between $24.57 (lower Bollinger band) and $25.78 (upper Bollinger band). Investors should focus on medium-term momentum and sector performance to gauge potential catalysts for the stock.
Recent News Sentiment Impact: N/A (no recent news headlines available)
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Neutral
- Medium-term (1-3 months): Uptrend (based on SMA 50)
- Long-term (3-12 months): N/A (due to lack of historical data)
Support/Resistance Levels: $24.57 (lower Bollinger band), $25.17 (SMA 20), and $25.78 (upper Bollinger band) are key price levels.
Momentum Signals:
- RSI interpretation: Neutral (45.95)
- MACD signal: Bullish (crossover above the signal line)
- Bollinger Bands position: Neutral (price near the middle band)
Volume Analysis: Volume trends and institutional interest signals suggest a consolidation phase, with moderate volume rates of change.
News & Sentiment Analysis
Recent Headlines Summary: N/A (no recent news headlines available)
Sentiment Assessment: N/A (no recent news sentiment data available)
Catalyst Identification: Earnings information is currently unavailable. Options activity analysis also lacks data.
Market Narrative: The stock's neutral technical signals and lack of recent news headlines create a market narrative that focuses on sector performance and medium-term momentum.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to the market (beta: 0.56)
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals: N/A (no options data available)
Downside Protection: Support levels at $24.57 and $25.17 provide some downside protection.
Market Context & Positioning
Sector Performance: PAYH's sector performance will be crucial in determining potential catalysts for the stock.
Institutional Activity: Institutional interest signals moderate volume rates of change, indicating a neutral sentiment.
Correlation Analysis: PAYH moves relatively less than the market (R-squared: 0.34).
Relative Valuation: The stock's current price position within its trading range will be essential in assessing potential upside or downside risks.
Key Levels & Action Items
- Critical Price Levels: $24.57, $25.17, and $25.78
- Breakout/Breakdown Levels: N/A (no specific levels identified)
- Time-Sensitive Catalysts: Earnings information is currently unavailable.
- Risk Management: Focus on medium-term momentum and sector performance to gauge potential catalysts for the stock.
Please note that this analysis is based on the provided data, and actual results may vary.
PAYH Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
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.
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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 204
Period: 252 trading days
Low volatility - stock moves less than market
PAYH Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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 |
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| # | Filer | Notional Value | % of Total | Period |
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