Zacks Investment ResearchT3·2d ago
PEJ Invesco Leisure and Entertainment ETF
ETF 66.09 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.
PEJ
$66.09
—
Key stats
$66.09
- 52-Week Range
- $55.66 – $69.42
- YTD
- +7.62%
- IV Rank (30D)
- 21.57
- Straddle Price
- $2.98
- Open
- $65.41
- Day Range
- $65.41 – $66.36
- Volume
- 10,026
- Prev Close
- $65.85
About
Invesco Leisure and Entertainment ETF (PEJ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2005-06-23
- Has Options
- Yes
- Homepage
- https://www.invesco.com/us/etfs
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.57% prospectus, filed Aug 27, 2025
- Assets
- $355M shares × price, Oct 21, 2026
- Trailing yield
- 0.51% paid quarterly
- Average daily volume
- $2.9M 30 sessions
- Holdings
- 32 top 10 are 46.0%
- Listed
- Jun 23, 2005 NYSE Arca
- Last fee change
- -1 bp filed Aug 27, 2024
- Tracking difference
- -0.73 pts vs index, after fees, FY 2026
Cost46
Liquidity49
Scale57
Diversification57
Moves with. US large-cap stocks (39% of its variance, beta 1.05); Small caps over large (12% of its variance, beta 0.46); Developed markets ex-US over US (3% of its variance, beta 0.29). These factors explain 52% of its daily moves over the last year.
Stated objective. The Invesco Leisure and Entertainment ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Dynamic Leisure & Entertainment Intellidex Index (the Underlying Index). (from the fund's prospectus)
All 32 holdingsFlow historySimilar fundsOverlap toolAll Travel & Leisure ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$24M latest reported month
- Latest 3 months
- −$11M −4.2% of assets
- Latest 12 months
- −$125M −49.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$24M |
| Jun 2026 | +$30M |
| May 2026 | −$16M |
| Apr 2026 | −$6.8M |
| Mar 2026 | −$8.8M |
| Feb 2026 | +$5.2M |
| Jan 2026 | +$5.6M |
| Dec 2025 | −$17M |
| Nov 2025 | −$71M |
| Oct 2025 | −$14M |
| Sep 2025 | −$13M |
| Aug 2025 | +$5.2M |
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 | |
|---|---|---|---|---|---|
| WNDRCorgi Travel & Leisure ETF | 21% | 0.35% | $662K | — | compare |
| PEZInvesco Exchange-Traded Fund Trust Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 18% | 0.60% | $22M | +2.1% | compare |
| PBJInvesco Food & Beverage ETF | 13% | 0.61% | $108M | +3.5% | compare |
| AWAYAmplify Travel Tech ETF | 12% | 0.75% | $24M | −20.7% | compare |
| GOLSGabelli Opportunities in Live and Sports ETF | 11% | 0.00% | $31M | — | 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
- +10.0% 52% under, 30% over · 100% covered
- Price / earnings
- — 21% loss-making · 90% covered
- Price / book · sales
- 3.9 · 1.2 revenue growth +6.1%
- Above 200-day average
- 85% 61% above 50-day · by weight
- Short interest
- 9.1% of float, weighted · 4.6 days to cover
- Insider buying
- 0% of weight had net insider buying, 90 days; 64% net selling
- 13F holders
- +3.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 12.5% of weight in 7 days; 76.7% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.24%
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
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | WBDWarner Bros. Discovery, Inc. | 5.73% | — | — |
| New position | ABNBAirbnb, Inc. | — | 5.57% | — |
| Exit | LYVLive Nation Entertainment, Inc. | 5.50% | — | — |
| New position | MARMarriott International, Inc. | — | 5.26% | — |
| Exit | HLTHilton Worldwide Holdings Inc. | 5.17% | — | — |
| Exit | DASHDoorDash, Inc. | 5.17% | — | — |
| Exit | UBERUber Technologies, Inc. | 4.55% | — | — |
| New position | CCLCarnival Corp. | — | 4.18% | — |
| New position | RCLRoyal Caribbean Cruises Ltd. | — | 4.16% | — |
| New position | LIONLionsgate Studios Corp. | — | 4.12% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.7%. Full holdings and history
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 10 active of 40 with agreements; top 3 did 79%
- Created · redeemed
- $175M · $317M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 15.63% of assets on loan on average; earned 3.4 bp
- Return vs index
- -0.73 pts after fees; +0.00 before; daily s.d. 0.15
- 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
33
AUM
$357.9M
Provider
Invesco
Inception
2005-06-23
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.57%
Dividend Yield
0.51%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-25 | $0.0561 | CD |
| 2026-06-22 | 2026-06-26 | $0.0891 | CD |
| 2026-03-23 | 2026-03-27 | $0.1214 | CD |
| 2025-12-22 | 2025-12-26 | $0.0702 | CD |
| 2025-09-22 | 2025-09-26 | $0.0536 | CD |
| 2025-03-24 | 2025-03-28 | $0.0230 | CD |
Asset Allocation
Top Holdings
top 32 of 33 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MAR | Marriott International Inc/MD | 5.71% | Equity (US) | US |
| SYY | Sysco Corp | 5.15% | Equity (US) | US |
| VIK | Viking Holdings Ltd | 4.87% | Equity (Foreign) | BM |
| SBUX | Starbucks Corp | 4.83% | Equity (US) | US |
| LYV | Live Nation Entertainment Inc | 4.81% | Equity (US) | US |
| ABNB | Airbnb Inc | 4.78% | Equity (US) | US |
| DAL | Delta Air Lines Inc | 4.73% | Equity (US) | US |
| EXPE | Expedia Group Inc | 4.58% | Equity (US) | US |
| AMC | AMC Entertainment Holdings Inc | 3.26% | Equity (US) | US |
| CBRL | Cracker Barrel Old Country Store Inc | 3.23% | Equity (US) | US |
| PRSU | Pursuit Attractions and Hospitality Inc | 3.16% | Equity (US) | US |
| CNK | Cinemark Holdings Inc | 3.01% | Equity (US) | US |
| CHH | Choice Hotels International Inc | 2.89% | Equity (US) | US |
| LION | Lionsgate Studios Corp | 2.89% | Equity (Foreign) | CA |
| CAKE | Cheesecake Factory Inc/The | 2.88% | Equity (US) | US |
| MSGS | Madison Square Garden Sports Corp | 2.86% | Equity (US) | US |
| ARCO | Arcos Dorados Holdings Inc | 2.81% | Equity (Foreign) | UY |
| MSGE | Madison Square Garden Entertainment Corp | 2.81% | Equity (US) | US |
| CART | Maplebear Inc | 2.76% | Equity (US) | US |
| VAC | Marriott Vacations Worldwide Corp | 2.72% | Equity (US) | US |
| ARMK | ARAMARK Holdings Corp | 2.66% | Equity (US) | US |
| BATRK | Atlanta Braves Holdings Inc | 2.66% | Equity (US) | US |
| USFD | US Foods Holding Corp | 2.65% | Equity (US) | US |
| TRIP | TripAdvisor Inc | 2.64% | Equity (US) | US |
| LTH | Life Time Group Holdings Inc | 2.59% | Equity (US) | US |
| BJRI | BJ's Restaurants Inc | 2.54% | Equity (US) | US |
| MANU | Manchester United Plc | 2.48% | Equity (Foreign) | KY |
| STUB | Stubhub Holdings Inc | 2.45% | Equity (US) | US |
| VSNT | Versant Media Group Inc | 2.26% | Equity (US) | US |
| EAT | Brinker International Inc | 2.21% | Equity (US) | US |
| AGPXX | Invesco Government & Agency Portfolio | 0.11% | Cash/Money Market | — |
| — | SECURITIES LENDING - BNYM | 0.00% | Cash/Money Market | — |
Geographic Breakdown
Non-Equity Breakdown
Invesco Leisure and Entertainment ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$256M
· 33 total positions
· equity 99.96%
· non-equity 19.26%
Non-equity holdings
— 3 positions,
19.26% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 19.26% | $49.3M | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 6.92% | -5.10% | 13.94% | 1.33% | 6.58% | -1.97% | 3.62% |
| Feb | 13.19% | 1.38% | -3.07% | 4.04% | -2.10% | 1.18% | 2.44% |
| Mar | -7.84% | 3.79% | 0.15% | 3.66% | -8.72% | -4.78% | -2.29% |
| Apr | -1.03% | -10.83% | 2.15% | -4.12% | -1.42% | 4.01% | -1.87% |
| May | 3.62% | -4.34% | -6.41% | -0.94% | 10.49% | 3.03% | 0.91% |
| Jun | 8.33% | -12.35% | 6.14% | 2.21% | 6.06% | 4.47% | 2.48% |
| Jul | -5.96% | 6.82% | 2.90% | 1.90% | 0.95% | 0.36% | 1.16% |
| Aug | 1.18% | -2.11% | -4.47% | 3.73% | 4.74% | -2.16% | 0.15% |
| Sep | 1.47% | -10.74% | -5.85% | 5.70% | 2.57% | -4.13% | -1.83% |
| Oct | -3.03% | 9.01% | -6.76% | 4.10% | -2.61% | 7.01%* | 1.29% |
| Nov | -11.77% | 2.27% | 8.70% | 9.83% | 1.67% | -- | 2.14% |
| Dec | 10.86% | -7.96% | 4.72% | -3.90% | 3.62% | -- | 1.47% |
| Total | 13.47% | -28.50% | 10.25% | 30.23% | 22.43% | 6.51% | 9.07% |
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: $63.64
SMA 50: $64.56
SMA 200: $62.78
Current: $66.09
EMA 12: $64.73
EMA 26: $64.16
MACD: 0.5693 | Signal: 0.4430
BULLISH
ADX (14): 27.16
TREND
+DI: 36.96
−DI: 15.66
Momentum Oscillators
RSI (14): 63.70
NEUTRAL
Stoch %K: 91.51
Stoch %D: 87.84
Williams %R: -10.00
Volume & Volatility
BB Upper: $66.41
BB Lower: $60.87
NEUTRAL
OBV: -3,726,887
Vol SMA 20: 39,119
Vol ROC: -76.41%
ATR: $0.91
True Range: $0.95
HV 20: 15.6%
HV 30: 16.4%
HV 60: 16.3%
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 - PEJ
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Positive sentiment from recent news headlines, particularly Travel + Leisure Director's sale of shares
- Low volatility relative to the market
- Bullish MACD signal and rising stochastic indicators suggest potential for further upside
Primary Risks:
- Potential reversal if IV rank falls below 40%
- Overbought RSI reading could trigger a short-term correction
2-3 Sentence Investment Thesis: PEJ is trading in a consolidation phase, with recent news headlines supporting the stock's current valuation. While there are no clear catalysts driving the price higher, the low volatility and bullish momentum indicators suggest that the stock may continue to trade within its current range.
Recent News Sentiment Impact: The positive sentiment from recent news headlines has contributed to the overall neutral assessment, as these events have not significantly impacted the stock's price or technical indicators.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Consolidation
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Downtrend
Support/Resistance Levels:
- SMA 20: $67.78
- SMA 50: $66.81
- Upper Bollinger Band: $69.27
- Lower Bollinger Band: $66.29
Momentum Signals:
- RSI: 46.33 (neutral)
- MACD: 0.32 / Signal: -0.20 / Histogram: 0.52 (bullish)
- Stochastic %K: 20.10, %D: 45.05
- Williams %R: -97.68
Volume Analysis:
- Volume SMA 20: 108180.62
- On-Balance Volume (OBV): -3306696.06
- Volume Rate of Change: -39.65%
News & Sentiment Analysis
Recent Headlines Summary:
- Travel + Leisure Director's sale of shares was well-received by investors, boosting sentiment.
- Sysco's expansion into the foodservice industry was neutral news.
- Vail Resorts' dividend yield and United Airlines' jobs data were also neutral.
Sentiment Assessment: Overall sentiment is NEUTRAL, with some positive headlines balanced by neutral or mixed signals from other news sources.
Catalyst Identification:
- Upcoming earnings reports may provide a catalyst for the stock's price movement.
- Any significant changes in the company's operations or industry trends could impact the stock's valuation.
Market Narrative: The recent news headlines have not significantly impacted the stock's technical indicators, which suggests that the market is focused on more fundamental factors such as earnings and economic data.
Risk & Volatility Assessment
Risk:
- Beta: 0.80 (low relative to market)
- Alpha: -0.01
- Correlation: 0.55
- Stock Volatility: 0.19 (low)
Volatility Regime:
- Current volatility is low, indicating a stable market.
Options Market Signals:
- IV Rank: 51.8% (medium)
- Current IV: 34.3%
- Expected Move: $2.47 (21 DTE), 7-DTE: $2.47
- Volume Flow: 10 calls vs 7 puts
- Open Interest: 3 calls vs 7 puts
- Put/Call Volume Ratio: 0.70 (neutral sentiment)
- Put/Call OI Ratio: 2.33
Downside Protection:
- SMA 200: $62.10 provides support in case of a downturn.
- Bollinger Bands are wide, indicating potential for further price movement.
Market Context & Positioning
Sector Performance:
- PEJ is trading within its sector's performance range, suggesting no significant outperformance or underperformance.
Institutional Activity:
- Institutional interest is moderate, with 10 calls vs 7 puts in the options market.
Correlation Analysis:
- Correlation with SPY: 0.55 (medium)
Relative Valuation:
- PEJ is trading within its sector's valuation range, suggesting no significant undervaluation or overvaluation.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $67.78
- SMA 50: $66.81
- Upper Bollinger Band: $69.27
- Lower Bollinger Band: $66.29
Breakout/Breakdown Levels:
- SMA 200: $62.10 provides support in case of a downturn.
- IV Rank falling below 40% could trigger a short-term correction.
Time-Sensitive Catalysts:
- Upcoming earnings reports may provide a catalyst for the stock's price movement.
- Any significant changes in the company's operations or industry trends could impact the stock's valuation.
Risk Management:
- Consider stop-loss levels around SMA 20 and SMA 50 to manage potential losses.
- Monitor IV rank and options market signals for signs of increased volatility.
Generated
News
All PEJ news →
Zacks Investment ResearchT3·17d ago
The Motley FoolT3·4mo ago
BenzingaT3·6mo ago
Investing.comT3·7mo ago
BenzingaT3·8mo ago
BenzingaT3·24mo ago
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Zacks Investment ResearchT3·29mo ago
Showing 1–10 of 50
Page 1 of 5
PEJ Options Activity & IV Rank
PEJ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 19.7%
7-DTE IV: —
Expected Move: $2.98
7-DTE Move: $2.98
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0
ATM Options Pricing
ATM Call: $1.50
ATM Put: $1.48
Call %: 2.3%
Put %: 2.2%
Chain Summary
Chain Volume: 12
Chain OI: 375
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 11th 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
11%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+0.48
δ-sensitivity to IV
Charm tilt
+0.92
δ-decay vs time
Vanna tilt +0.48: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.92: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k 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
—
—
pts
EXTREME
ATM 21.4% / 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)21.6LowOct 22
Straddle Price (30 DTE)$2.98Oct 22
Beta Analysis
Risk Metrics
Beta: 0.7772
Alpha: 1.09%
Correlation: 0.5343
R-Squared: 28.5%
Stock Volatility: 18.5%
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
PEJ 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
90.36K
SI % of Float
1.68%
Days to Cover
2.03
Short Vol Ratio
63.9%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
PEJ Constituent Performance
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PEJ Constituents (30 of 30)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| MAR | Marriott International Inc/MD | 5.71% | $395.55 | -2.09% | +2.55% | +12.53% |
| SYY | Sysco Corp | 5.15% | $82.96 | +1.10% | +0.99% | +6.10% |
| VIK | Viking Holdings Ltd | 4.87% | $85.64 | -1.22% | +1.98% | +7.70% |
| SBUX | Starbucks Corp | 4.83% | $101.93 | +2.88% | +5.21% | +8.84% |
| LYV | Live Nation Entertainment Inc | 4.81% | $175.9 | +0.89% | +1.97% | +2.83% |
| ABNB | Airbnb Inc | 4.78% | $175.19 | +0.86% | +0.52% | +15.72% |
| DAL | Delta Air Lines Inc | 4.73% | $78.91 | +1.59% | +1.06% | -4.66% |
| EXPE | Expedia Group Inc | 4.58% | $295.53 | +3.46% | +1.25% | +12.91% |
| AMC | AMC Entertainment Holdings Inc | 3.26% | $3.02 | -0.66% | +0.00% | +3.78% |
| CBRL | Cracker Barrel Old Country Store Inc | 3.23% | $67.31 | +2.37% | -0.15% | +29.84% |
| PRSU | Pursuit Attractions and Hospitality Inc | 3.16% | $56.56 | +0.97% | +3.15% | +16.77% |
| CNK | Cinemark Holdings Inc | 3.01% | $40.16 | +0.60% | +4.26% | +8.60% |
| CHH | Choice Hotels International Inc | 2.89% | $110.62 | -2.67% | +3.47% | +9.57% |
| LION | Lionsgate Studios Corp | 2.89% | $12.82 | +1.10% | +16.33% | +16.76% |
| CAKE | Cheesecake Factory Inc/The | 2.88% | $113.57 | -0.72% | -2.59% | +8.11% |
| MSGS | Madison Square Garden Sports Corp | 2.86% | $400.56 | -2.86% | -1.01% | -0.48% |
| ARCO | Arcos Dorados Holdings Inc | 2.81% | $7.92 | -2.10% | -1.74% | +9.54% |
| MSGE | Madison Square Garden Entertainment Corp | 2.81% | $78.65 | -2.09% | -1.34% | -0.72% |
| CART | Maplebear Inc | 2.76% | $51.58 | +2.51% | +0.87% | +19.22% |
| VAC | Marriott Vacations Worldwide Corp | 2.72% | $111.17 | -1.72% | -1.01% | +10.34% |
| ARMK | ARAMARK Holdings Corp | 2.66% | $52.94 | -4.97% | -3.82% | -2.54% |
| BATRK | Atlanta Braves Holdings Inc | 2.66% | $49.79 | -0.56% | +0.77% | -7.90% |
| USFD | US Foods Holding Corp | 2.65% | $102.47 | +0.31% | +0.99% | +9.22% |
| TRIP | TripAdvisor Inc | 2.64% | $9.64 | +2.17% | +2.72% | +13.20% |
| LTH | Life Time Group Holdings Inc | 2.59% | $41.97 | +2.97% | +3.48% | +5.29% |
| BJRI | BJ's Restaurants Inc | 2.54% | $57.98 | +2.12% | -3.71% | -6.42% |
| MANU | Manchester United Plc | 2.48% | $21.13 | +1.29% | +2.67% | +0.91% |
| STUB | Stubhub Holdings Inc | 2.45% | $6.16 | +4.15% | +6.86% | +14.19% |
| VSNT | Versant Media Group Inc | 2.26% | $32.29 | +3.00% | +3.36% | -3.61% |
| EAT | Brinker International Inc | 2.21% | $187.46 | -0.32% | -8.52% | -9.31% |