Zacks Investment ResearchT3·6d ago
QUAL iShares MSCI USA Quality Factor ETF
ETF 226.06 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.
QUAL
$226.06
—
Key stats
$226.06
- 52-Week Range
- $185.88 – $228.13
- YTD
- +13.49%
- IV Rank (30D)
- 47.62
- Straddle Price
- $7.48
- P/C Vol Ratio
- 2.33
- Open
- $225.64
- Day Range
- $225.25 – $226.54
- Volume
- 1,734,664
- Prev Close
- $225.69
About
iShares MSCI USA Quality Factor ETF (QUAL) ETF
No description available.
- Exchange
- BATS
- Inception
- 2013-07-16
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.15% issuer, Oct 21, 2026
- Assets
- $48.6B issuer-reported, Oct 19, 2026
- Trailing yield
- 0.84% paid quarterly
- Average daily volume
- $231M 30 sessions
- Holdings
- 122 top 10 are 45.1%
- Listed
- Jul 16, 2013 Cboe BZX
- Net asset value
- $225.62 issuer, Oct 20, 2026 · closed -0.01% to NAV
- Median bid/ask spread
- 0.01% 30 days, issuer-reported
- 30-day SEC yield
- 0.78% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +15.3% issuer, through Sep 30, 2026 · 3 years +20.2% a year · 5 years +12.3% · 10 years +14.3%
- Distributions, 12 months
- $1.89 a share issuer, through Sep 15, 2026: 100% income
- Tracking difference
- -0.16 pts vs index, after fees, FY 2025
Cost87
Liquidity100
Scale100
Diversification64
Moves with. US large-cap stocks (99% of its variance, beta 0.99). These factors explain 90% of its daily moves over the last year.
Stated objective. The iShares MSCI USA Quality Factor ETF (the Fund ) seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. (from the fund's prospectus)
All 122 holdingsFlow historySimilar fundsOverlap toolAll Quality ETFs
Fund flows
daily as of Oct 19, 2026issuer datathrough Jul 2026SEC filings- Oct 19, 2026
- +$45M latest day
- Latest 5 trading days
- −$101M
- Latest 21 trading days
- +$204M +0.4% of assets
- Year to date
- −$5.6B −$11.3B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 19, 2026 | +$45M |
| Oct 16, 2026 | −$180M |
| Oct 15, 2026 | +$45M |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | −$11M |
| Oct 12, 2026 | −$11M |
| Oct 9, 2026 | +$45M |
| Oct 8, 2026 | +$34M |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | +$91M |
| Oct 5, 2026 | −$34M |
| Oct 2, 2026 | +$123M |
| Oct 1, 2026 | +$45M |
| Sep 30, 2026 | −$267M |
| Sep 29, 2026 | +$45M |
| Sep 28, 2026 | +$33M |
| Sep 25, 2026 | +$34M |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | +$44M |
| Sep 22, 2026 | +$56M |
| Sep 21, 2026 | +$67M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- +$730M latest reported month
- Latest 3 months
- −$6.4B −13.7% of assets
- Latest 12 months
- −$15.1B −32.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$730M |
| Jun 2026 | −$2.1B |
| May 2026 | −$5.0B |
| Apr 2026 | −$126M |
| Mar 2026 | −$622M |
| Feb 2026 | −$163M |
| Jan 2026 | +$973M |
| Dec 2025 | −$158M |
| Nov 2025 | −$5.1B |
| Oct 2025 | −$875M |
| Sep 2025 | −$2.6B |
| Aug 2025 | −$85M |
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 | |
|---|---|---|---|---|---|
| OMFLInvesco Russell 1000 Dynamic Multifactor ETF | 56% | 0.29% | $4.8B | +19.6% | compare |
| QUSAVistaShares Target 15 USA Quality Income ETF | 55% | 0.97% | $21M | −11.6% | compare |
| AQLTiShares MSCI Global Quality Factor ETF | 55% | 0.20% | $341M | +16.9% | compare |
| DUHPU.S. High Relative Profitability Portfolio ETF Class Shares | 53% | 0.22% | $11.3B | +12.9% | compare |
| VSLUApplied Finance Valuation Large Cap ETF | 51% | 0.49% | $546M | +16.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Holdings vs fair value
- −0.8% 16% under, 26% over · 99% covered
- Price / earnings
- 27.4 1% loss-making · 99% covered
- Price / book · sales
- 7.7 · 4.9 revenue growth +13.3%
- Above 200-day average
- 71% 69% above 50-day · by weight
- Short interest
- 1.9% of float, weighted · 3.0 days to cover
- Insider buying
- 3% of weight had net insider buying, 90 days; 76% net selling
- 13F holders
- +2.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 36.4% of weight in 7 days; 66.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.16%
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 | PAYCPAYCOM SOFTWARE, INC. | 0.05% | — | — |
| Exit | AMHAMERICAN HOMES 4 RENT | 0.05% | — | — |
| Exit | AFGAMERICAN FINANCIAL GROUP, INC. | 0.03% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.5%. Full holdings and history
Under the hood
fiscal year to Jul 31, 2025SEC census- Authorized participants
- 9 active of 34 with agreements; top 3 did 79%
- Created · redeemed
- $12.4B · −$10.2B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.35% of assets on loan on average; earned 0.1 bp
- Return vs index
- -0.16 pts after fees; -0.01 before; daily s.d. 0.05
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
122
AUM
$48.7B
Provider
iShares (BlackRock)
Inception
2013-07-16
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.15%
Dividend Yield
0.84%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-15 | 2026-09-18 | $0.4727 | CD |
| 2026-06-15 | 2026-06-18 | $0.3858 | CD |
| 2026-03-17 | 2026-03-20 | $0.4200 | CD |
| 2025-12-16 | 2025-12-19 | $0.6110 | CD |
| 2025-09-16 | 2025-09-19 | $0.4686 | CD |
| 2025-06-16 | 2025-06-20 | $0.3885 | CD |
Asset Allocation
Top Holdings
top 50 of 122 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MSFT | MICROSOFT | 8.01% | Equity (US) | US |
| AAPL | APPLE | 7.14% | Equity (US) | US |
| NVDA | NVIDIA | 6.17% | Equity (US) | US |
| META | META PLATFORMS CLASS A | 4.50% | Equity (US) | US |
| LLY | ELI LILLY | 4.00% | Equity (US) | US |
| TJX | TJX | 3.63% | Equity (US) | US |
| V | VISA CLASS A | 3.44% | Equity (US) | US |
| LRCX | LAM RESEARCH | 3.07% | Equity (US) | US |
| XOM | EXXONMOBIL HOLDINGS CORP | 2.44% | Equity (US) | US |
| AMAT | APPLIED MATERIAL INC | 2.42% | Equity (US) | US |
| MA | MASTERCARD CLASS A | 2.42% | Equity (US) | US |
| KLAC | KLA | 2.14% | Equity (US) | US |
| JNJ | JOHNSON & JOHNSON | 2.04% | Equity (US) | US |
| GOOGL | ALPHABET CLASS A | 1.92% | Equity (US) | US |
| BRK.B | BERKSHIRE HATHAWAY INC CLASS B | 1.90% | Equity (US) | US |
| NFLX | NETFLIX | 1.60% | Equity (US) | US |
| GOOG | ALPHABET CLASS C | 1.50% | Equity (US) | US |
| ROST | ROSS STORES INC | 1.44% | Equity (US) | US |
| MRK | MERCK & CO INC | 1.39% | Equity (US) | US |
| ANET | ARISTA NETWORKS | 1.36% | Equity (US) | US |
| ADP | AUTOMATIC DATA PROCESSING INC | 1.27% | Equity (US) | US |
| FTNT | FORTINET | 1.19% | Equity (US) | US |
| COST | COSTCO WHOLESALE CORP | 1.13% | Equity (US) | US |
| LIN | LINDE PLC | 1.04% | Equity (US) | US |
| WMT | WALMART | 1.02% | Equity (US) | US |
| ADBE | ADOBE INC | 0.98% | Equity (US) | US |
| ACN | ACCENTURE PLC CLASS A | 0.96% | Equity (US) | US |
| PG | PROCTER & GAMBLE | 0.88% | Equity (US) | US |
| GRMN | GARMIN | 0.88% | Equity (US) | US |
| LMT | LOCKHEED MARTIN | 0.88% | Equity (US) | US |
| MMM | 3M | 0.88% | Equity (US) | US |
| KO | COCA-COLA | 0.85% | Equity (US) | US |
| TT | TRANE TECHNOLOGIES PLC | 0.78% | Equity (US) | US |
| CMG | CHIPOTLE MEXICAN GRILL | 0.77% | Equity (US) | US |
| WSM | WILLIAMS SONOMA INC | 0.75% | Equity (US) | US |
| ITW | ILLINOIS TOOL INC | 0.73% | Equity (US) | US |
| PLD | PROLOGIS REIT | 0.72% | Equity (US) | US |
| GILD | GILEAD SCIENCES | 0.72% | Equity (US) | US |
| CTAS | CINTAS | 0.66% | Equity (US) | US |
| HWM | HOWMET AEROSPACE | 0.61% | Equity (US) | US |
| ULTA | ULTA BEAUTY INC | 0.56% | Equity (US) | US |
| INTU | INTUIT | 0.55% | Equity (US) | US |
| FAST | FASTENAL | 0.54% | Equity (US) | US |
| CDNS | CADENCE DESIGN SYSTEMS | 0.52% | Equity (US) | US |
| GWW | WW GRAINGER INC | 0.52% | Equity (US) | US |
| APP | APPLOVIN CLASS A | 0.50% | Equity (US) | US |
| XEL | XCEL ENERGY INC | 0.50% | Equity (US) | US |
| ED | CONSOLIDATED EDISON | 0.49% | Equity (US) | US |
| FIX | COMFORT SYSTEMS USA | 0.48% | Equity (US) | US |
| BLK | BLACKROCK | 0.48% | Equity (US) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -1.26% | -6.70% | 7.45% | 3.03% | 3.24% | 1.62% | 1.23% |
| Feb | 1.81% | -4.65% | -3.91% | 5.24% | -0.49% | 0.55% | -0.24% |
| Mar | 2.16% | 5.05% | 4.78% | 1.21% | -4.58% | -6.19% | 0.40% |
| Apr | 3.69% | -8.40% | 1.25% | -4.22% | -1.12% | 7.51% | -0.22% |
| May | 0.53% | -1.04% | 0.52% | 6.11% | 4.52% | 4.02% | 2.44% |
| Jun | 3.27% | -8.28% | 5.18% | 2.94% | 2.79% | 1.60% | 1.25% |
| Jul | 2.76% | 8.64% | 3.92% | 0.79% | 0.38% | 0.21% | 2.78% |
| Aug | 3.00% | -4.90% | -0.44% | 4.66% | 3.63% | 0.40% | 1.06% |
| Sep | -6.79% | -10.39% | -5.65% | 3.08% | 3.67% | 0.57% | -2.59% |
| Oct | 6.63% | 5.36% | -1.72% | -0.97% | 0.24% | 1.17%* | 1.79% |
| Nov | -0.41% | 7.75% | 7.54% | 4.63% | 1.05% | -- | 4.11% |
| Dec | 4.67% | -5.98% | 3.69% | -4.25% | 0.48% | -- | -0.28% |
| Total | 21.23% | -23.22% | 23.89% | 23.86% | 14.30% | 11.49% | 11.93% |
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: $225.16
SMA 50: $223.45
SMA 200: $211.87
Current: $226.06
EMA 12: $225.65
EMA 26: $224.65
MACD: 0.9935 | Signal: -0.1106
BULLISH
ADX (14): 12.47
RANGE
+DI: 20.61
−DI: 20.46
Momentum Oscillators
RSI (14): 56.61
NEUTRAL
Stoch %K: 52.91
Stoch %D: 54.24
Williams %R: -50.30
Volume & Volatility
BB Upper: $228.39
BB Lower: $221.93
NEUTRAL
OBV: 39,320,930
Vol SMA 20: 1,078,282
Vol ROC: 102.74%
ATR: $1.69
True Range: $1.29
HV 20: 6.2%
HV 30: 8.4%
HV 60: 9.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
QUAL (iShares MSCI USA Quality Factor ETF) - Comprehensive Analysis Report
Executive Summary
Overall Assessment: BULLISH | Confidence Level: 7/10
QUAL presents a constructive technical setup with bullish momentum indicators, supported by a well-capitalized quality-focused portfolio in a market rotating toward defensive positioning. However, significant headwinds—including severe fund outflows and concentration risk in mega-cap tech—temper enthusiasm. The fund is trading near technical resistance with mixed fundamental signals.
Investment Thesis: QUAL's quality-factor methodology and low expense ratio (0.15%) position it to benefit from institutional demand for defensive equity exposure, evidenced by recent positive fund flows (+$730M in latest month). However, the 12-month outflow of $15.1B (-32.5% of assets) suggests investors are rotating away from quality factors, conflicting with the bullish technical setup and recent headline optimization toward quality plays.
Recent News Sentiment Impact: All six recent headlines are POSITIVE, emphasizing AI trade exposure, defensive positioning, and quality rotation themes. These align with QUAL's positioning but don't fully explain the severe trailing outflows, suggesting a lag between headline sentiment and actual investor capital deployment.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BULLISH
- Price $227.12 trades above all major moving averages (SMA 20: $222.82, SMA 50: $223.11)
- Current price is +1.9% above SMA 20 and +1.8% above SMA 50
- Position near upper Bollinger Band ($228.27) suggests strong momentum
- EMA 12 ($224.74) above EMA 26 ($223.45), confirming uptrend structure
Medium-term (1-3 months): BULLISH
- Price $227.12 is +7.7% above SMA 200 ($210.83)
- Consistent positioning above all three moving averages indicates sustained uptrend
- 77% of holdings above their 200-day averages [as of 2026-10-08], indicating broad-based strength across the portfolio
Long-term (3-12 months): NEUTRAL-to-BULLISH
- ADX (14) = 15.68 signals a RANGE-BOUND regime, not a strong trending environment
- However, +DI (29.92) significantly exceeds -DI (17.67), indicating upward directional bias despite weak trend strength
- The disconnect suggests momentum without conviction—potential for mean reversion or consolidation
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $228.27 | Resistance | Upper Bollinger Band; current price $227.12 is 0.5% below | | $225.00 | Resistance | Psychological round number; near-term ceiling | | $223.11 | Support | SMA 50; key moving average support | | $222.82 | Support | SMA 20; immediate support if pullback occurs | | $217.37 | Support | Lower Bollinger Band; breach would signal breakdown | | $210.83 | Support | SMA 200; major long-term support, fund-wide portfolio floor |
Critical Observation: Price is compressed between SMA 20 ($222.82) and Upper Bollinger Band ($228.27)—a tight 2.3% range. This narrow bandwidth suggests either imminent breakout or consolidation before a directional move.
Momentum Signals
RSI (14) = 65.16 — NEUTRAL
- Position in neutral zone (30-70) with bias toward overbought
- Not yet at overbought threshold (>70), leaving room for continued upside momentum
- Suggests recent buyers aren't yet "exhausted," but caution warranted if RSI crosses 70
Stochastic Oscillators — EXTREME OVERBOUGHT
- Stochastic %K: 90.02 | Stochastic %D: 90.84
- Both readings indicate extreme overbought conditions (>80 = overbought, >90 = severe)
- Risk Signal: This divergence with RSI suggests short-term pullback risk; reversion toward moving averages is likely within 1-4 weeks
- Williams %R: -5.49 (below -80 = overbought) confirms extremity
MACD — BULLISH MOMENTUM
- MACD (1.29) > Signal Line (0.51) with positive histogram (0.78)
- Bullish crossover structure, but magnitude of MACD vs signal is relatively modest
- Suggests momentum is present but not explosive; typical of consolidation-in-uptrend behavior
Interpretation Conflict: MACD bullish tone vs. extreme Stochastic overbought suggests this is a "toppy" rally—momentum is positive on intermediate timeline (MACD) but near-term pullback is likely as Stochastic reverts.
Volume Analysis
- Volume SMA 20: 1,073,245 shares — baseline for comparison
- Volume Rate of Change: -13.42% — SIGNIFICANT CONCERN
- Recent volume is 13.4% below the 20-day average
- Declining volume into resistance suggests weakening conviction behind the rally
- Classic setup for failed breakout or pullback
- On-Balance Volume (OBV): 35,532,679 — relatively elevated, but declining volume trend contradicts this
- Institutional Interest Signal:
- Low IV Rank (22.1%) combined with declining volume suggests institutional buying pressure has eased
- Latest fund inflow of +$730M is positive but small relative to 12-month outflows of $15.1B
- Volume erosion near resistance = classic warning signal
News & Sentiment Analysis
Recent Headlines Summary
All six recent headlines are POSITIVE, organized by theme:
| Theme | Headlines | Dates | |-------|-----------|-------| | Quality Rotation | "A Market Rotation Toward Quality Will Benefit These 3 ETFs" | 2026-06-08 | | Defensive Positioning | "Inflation Pressures May Persist: ETFs Worth Watching" | 2026-09-22 | | AI Trade/Tech Exposure | "How to Play the AI Trade With a Core-Satellite ETF Strategy" | 2026-09-30 | | Crash Hedging | "If a Stock Market Crash Is Coming, These 3 ETFs Could Be Smart Buys" | 2026-10-04 | | Defensive AI | "AI's Public Image Is Losing Ground: 4 Defensive ETFs in Focus" | 2026-10-05 | | Risk Management | "AI Safety Concerns Surge: ETFs to Watch as Tech Faces New Risks" | 2026-09-14 |
Sentiment Assessment
Aggregate Sentiment: POSITIVE (but cautiously)
- All six articles are tagged POSITIVE, suggesting supportive narrative environment
- Themes emphasize QUAL's defensive positioning and quality focus
- Headlines pivot between AI opportunity (bullish for QUAL's MSFT 7.9%, NVDA 6.6%, AAPL 7.1% weighting) and defensive rotation (bullish for quality thesis)
Critical Data Quality Issue:
- News headlines are 6-103 days old (2026-06-08 to 2026-10-05)
- Current price action near resistance ($227.12 vs $228.27 upper band) occurred within last 1-4 days
- Headline dates do NOT align with current price momentum
- Positive sentiment from June-October does not explain the sharp recent inflows (+$730M latest month) versus the severe 12-month outflows (-$15.1B)
Catalyst Identification
Immediate Catalysts (1-7 days):
- Fed Policy Signals: No specific dates provided, but AI/inflation headlines suggest market watching for rate guidance
- Tech Earnings: 5% of fund weight reports earnings within 7 days [as of 2026-10-08]
- Volatility Reversion: Stochastic at extremes suggests pullback within 3-5 days likely
Near-term Catalysts (1-4 weeks):
- Broader Market Earnings Season: Large holdings (MSFT, AAPL, NVDA, META) report Q3 results typically early-to-mid October
- Fed Rate Expectations: Quality often outperforms in lower-rate environments; any hawk
Generated
News
All QUAL news →
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QUAL Options Activity & IV Rank
QUAL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 13.6%
7-DTE IV: —
Expected Move: $7.48
7-DTE Move: $7.48
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 3
Put Volume: 7
P/C Volume: 2.333
BEARISH
Call OI: 35
Put OI: 10
P/C OI: 0.286
Total OI: 45
ATM Options Pricing
ATM Call: $4.65
ATM Put: $2.83
Call %: 2.1%
Put %: 1.2%
Chain Summary
Chain Volume: 74
Chain OI: 211
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.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 97th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
97%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+0.69
δ-sensitivity to IV
Charm tilt
-0.88
δ-decay vs time
Vanna tilt +0.69: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.88: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 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
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 14.1% / 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)47.6MediumOct 21
Straddle Price (30 DTE)$7.48Oct 21
Beta Analysis
Risk Metrics
Beta: 0.8794
Alpha: 1.80%
Correlation: 0.9363
R-Squared: 87.7%
Stock Volatility: 11.9%
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
QUAL 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.
3 filers$3.45M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.67M | 48.41% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $965.49K | 28.03% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $811.89K | 23.57% | 2026-06-30 |
2 filers$44.37M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $43.93M | 99.01% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $438.86K | 0.99% | 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
322.43K
SI % of Float
0.15%
Days to Cover
1.00
Short Vol Ratio
90.0%
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 |
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