The Motley FoolT3·1d ago
SCHB Schwab U.S. Broad Market ETF
ETF 29.33 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.
SCHB
$29.33
—
Key stats
$29.33
- 52-Week Range
- $24.28 – $30.15
- YTD
- +11.48%
- IV Rank (30D)
- 39.36
- Straddle Price
- $1.35
- P/C Vol Ratio
- 0.15
- Open
- $29.43
- Day Range
- $29.23 – $29.48
- Volume
- 19,249,458
- Prev Close
- $29.69
About
Schwab U.S. Broad Market ETF (SCHB) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2009-11-03
- Has Options
- Yes
Fund profile
holdings as of Oct 7, 2026third-party datathrough May 2026flows, SEC filings
- Expense ratio
- 0.03% prospectus, filed Dec 22, 2025
- Assets
- $45.1B shares × price, Oct 21, 2026
- Trailing yield
- 1.04% paid quarterly
- Average daily volume
- $337M 30 sessions
- Holdings
- 2,394 top 10 are 35.2%
- Listed
- Nov 3, 2009 NYSE Arca
- Tracking difference
- -0.04 pts vs index, after fees, FY 2025
Cost97
Liquidity100
Scale100
Diversification79
Moves with. US large-cap stocks (96% of its variance, beta 0.98). These factors explain 99% of its daily moves over the last year.
Stated objective. The funds goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Broad Stock Market Index. (from the fund's prospectus)
All 2,394 holdingsFlow historySimilar fundsOverlap toolAll Total Market ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$191M latest reported month
- Latest 3 months
- +$633M +1.5% of assets
- Latest 12 months
- +$1.2B +2.8% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$191M |
| Apr 2026 | +$206M |
| Mar 2026 | +$236M |
| Feb 2026 | +$109M |
| Jan 2026 | +$43M |
| Dec 2025 | +$13M |
| Nov 2025 | +$982K |
| Oct 2025 | +$50M |
| Sep 2025 | +$99M |
| Aug 2025 | +$80M |
| Jul 2025 | +$161M |
| Jun 2025 | +$42M |
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 | |
|---|---|---|---|---|---|
| VTIVanguard Morningstar Total Stock Market ETF | 97% | 0.03% | $698.3B | +14.6% | compare |
| VTHRVanguard Russell 3000 ETF | 97% | 0.06% | $4.9B | +14.5% | compare |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | 96% | 0.03% | $97.4B | +14.6% | compare |
| SCHKSchwab 1000 Index ETF | 96% | 0.03% | $5.8B | +14.7% | compare |
| IWViShares Russell 3000 ETF | 95% | 0.20% | $20.6B | +14.7% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 7, 2026third-party data- Holdings vs fair value
- +2.8% 27% under, 27% over · 100% covered
- Price / earnings
- 27.4 5% loss-making · 99% covered
- Price / book · sales
- 4.8 · 3.2 revenue growth +14.2%
- Above 200-day average
- 68% 54% above 50-day · by weight
- Short interest
- 2.7% of float, weighted · 3.0 days to cover
- Insider buying
- 5% of weight had net insider buying, 90 days; 68% net selling
- 13F holders
- +2.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 35.3% of weight in 7 days; 59.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.15%
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
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | CCLCarnival Corp | 0.05% | — | — |
| Increase | BEBloom Energy Corp | 0.05% | 0.10% | +18.5% |
| New position | Carnival Corp Ltd | — | 0.05% | — |
| Exit | CTRACoterra Energy Inc | 0.04% | — | — |
| Exit | Amcor PLC | 0.03% | — | — |
| Increase | COHRCoherent Corp | 0.06% | 0.09% | +19.0% |
| Exit | EXASExact Sciences Corp | 0.03% | — | — |
| Increase | DVNDevon Energy Corp | 0.04% | 0.07% | +83.9% |
| Exit | HOLXHologic Inc | 0.03% | — | — |
| New position | Amcor PLC | — | 0.02% | — |
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 8 active of 28 with agreements; top 3 did 73%
- Created · redeemed
- $1.6B · $664M over the fiscal year
- Redemptions in kind
- 92% creations 92% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.10% of assets on loan on average; earned 0.6 bp
- Return vs index
- -0.04 pts after fees; +0.00 before; daily s.d. 0.00
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 2026-05-31
Holdings
2411
AUM
$43.3B
Provider
Nport
Inception
2009-11-03
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
0.03%
Dividend Yield
1.04%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-28 | $0.0809 | CD |
| 2026-06-24 | 2026-06-29 | $0.0753 | CD |
| 2026-03-25 | 2026-03-30 | $0.0692 | CD |
| 2025-12-10 | 2025-12-15 | $0.0821 | CD |
| 2025-09-24 | 2025-09-29 | $0.0743 | CD |
| 2025-06-25 | 2025-06-30 | $0.0703 | CD |
Asset Allocation
Top Holdings
top 50 of 2411 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA Corp | 7.02% | Equity (common) | US |
| AAPL | Apple Inc | 6.26% | Equity (common) | US |
| MSFT | Microsoft Corp | 4.57% | Equity (common) | US |
| AMZN | Amazon.com Inc | 3.62% | Equity (common) | US |
| GOOGL | Alphabet Inc | 3.03% | Equity (common) | US |
| AVGO | Broadcom Inc | 2.90% | Equity (common) | US |
| GOOG | Alphabet Inc | 2.41% | Equity (common) | US |
| META | Meta Platforms Inc | 1.89% | Equity (common) | US |
| TSLA | Tesla Inc | 1.68% | Equity (common) | US |
| MU | Micron Technology Inc | 1.49% | Equity (common) | US |
| LLY | Eli Lilly & Co | 1.20% | Equity (common) | US |
| BRK.B | Berkshire Hathaway Inc | 1.19% | Equity (common) | US |
| AMD | Advanced Micro Devices Inc | 1.15% | Equity (common) | US |
| JPM | JPMorgan Chase & Co | 1.10% | Equity (common) | US |
| XOM | Exxon Mobil Corp | 0.83% | Equity (common) | US |
| V | Visa Inc | 0.75% | Equity (common) | US |
| JNJ | Johnson & Johnson | 0.74% | Equity (common) | US |
| INTC | Intel Corp | 0.74% | Equity (common) | US |
| WMT | Walmart Inc | 0.69% | Equity (common) | US |
| CSCO | Cisco Systems Inc | 0.65% | Equity (common) | US |
| COST | Costco Wholesale Corp | 0.58% | Equity (common) | US |
| CAT | Caterpillar Inc | 0.56% | Equity (common) | US |
| MA | Mastercard Inc | 0.55% | Equity (common) | US |
| LRCX | Lam Research Corp | 0.54% | Equity (common) | US |
| ABBV | AbbVie Inc | 0.53% | Equity (common) | US |
| ORCL | Oracle Corp | 0.52% | Equity (common) | US |
| NFLX | Netflix Inc | 0.50% | Equity (common) | US |
| PLTR | Palantir Technologies Inc | 0.49% | Equity (common) | US |
| AMAT | Applied Materials Inc | 0.49% | Equity (common) | US |
| UNH | UnitedHealth Group Inc | 0.47% | Equity (common) | US |
| BAC | Bank of America Corp | 0.47% | Equity (common) | US |
| CVX | Chevron Corp | 0.47% | Equity (common) | US |
| GE | General Electric Co | 0.46% | Equity (common) | US |
| PG | Procter & Gamble Co/The | 0.46% | Equity (common) | US |
| HD | Home Depot Inc/The | 0.43% | Equity (common) | US |
| GS | Goldman Sachs Group Inc/The | 0.42% | Equity (common) | US |
| KO | Coca-Cola Co/The | 0.42% | Equity (common) | US |
| MRK | Merck & Co Inc | 0.40% | Equity (common) | US |
| IBM | International Business Machines Corp | 0.38% | Equity (common) | US |
| TXN | Texas Instruments Inc | 0.38% | Equity (common) | US |
| PM | Philip Morris International Inc | 0.38% | Equity (common) | US |
| QCOM | QUALCOMM Inc | 0.37% | Equity (common) | US |
| GEV | GE Vernova Inc | 0.36% | Equity (common) | US |
| KLAC | KLA Corp | 0.34% | Equity (common) | US |
| MS | Morgan Stanley | 0.34% | Equity (common) | US |
| SNDK | Sandisk Corp/DE | 0.34% | Equity (common) | US |
| RTX | RTX Corp | 0.33% | Equity (common) | US |
| WFC | Wells Fargo & Co | 0.33% | Equity (common) | US |
| — | Linde PLC | 0.32% | Equity (common) | IE |
| PANW | Palo Alto Networks Inc | 0.31% | Equity (common) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.95% | -6.63% | 7.38% | 1.75% | 3.09% | 1.29% | 1.30% |
| Feb | 1.39% | -3.30% | -3.47% | 4.07% | -1.21% | -1.12% | -0.61% |
| Mar | 0.81% | 4.71% | 2.62% | 2.06% | -4.44% | -5.35% | 0.07% |
| Apr | 3.87% | -9.47% | 0.75% | -4.09% | -1.20% | 9.60% | -0.09% |
| May | 0.20% | -0.90% | 0.56% | 5.10% | 5.72% | 4.85% | 2.59% |
| Jun | 2.13% | -8.05% | 5.36% | 2.68% | 4.38% | -0.99% | 0.92% |
| Jul | 1.25% | 8.22% | 3.40% | 1.68% | 2.31% | -0.40% | 2.74% |
| Aug | 3.00% | -3.63% | -1.65% | 3.68% | 4.05% | 1.13% | 1.10% |
| Sep | -4.97% | -9.78% | -5.39% | 4.04% | 3.79% | -0.24% | -2.09% |
| Oct | 5.50% | 5.36% | -2.55% | 0.23% | 1.86% | -0.20%* | 1.70% |
| Nov | -1.88% | 5.52% | 8.35% | 6.24% | 0.08% | -- | 3.66% |
| Dec | 4.95% | -6.27% | 4.02% | -3.53% | 0.15% | -- | -0.14% |
| Total | 18.09% | -23.53% | 19.98% | 26.03% | 19.69% | 8.16% | 11.40% |
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: $29.61
SMA 50: $29.60
SMA 200: $28.05
Current: $29.33
EMA 12: $29.56
EMA 26: $29.57
MACD: -0.0155 | Signal: -0.0376
BULLISH
ADX (14): 14.55
RANGE
+DI: 17.88
−DI: 30.89
Momentum Oscillators
RSI (14): 44.68
NEUTRAL
Stoch %K: 37.78
Stoch %D: 34.44
Williams %R: -82.22
Volume & Volatility
BB Upper: $30.04
BB Lower: $29.17
NEUTRAL
OBV: 24,801,850
Vol SMA 20: 14,186,879
Vol ROC: 30.87%
ATR: $0.30
True Range: $0.46
HV 20: 10.5%
HV 30: 11.1%
HV 60: 11.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
SCHB Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with confidence level 6/10
SCHB (Schwab U.S. Broad Market ETF) presents a NEUTRAL outlook reflecting the structural nature of a passive broad-market index fund rather than a dynamic trading opportunity. The fund is performing its intended function—providing low-cost, diversified U.S. equity exposure—but technical signals show a fund caught between consolidation and modest momentum, with conflicting directional cues.
Key Drivers & Primary Risks:
- Driver: Positive fund flows (+$1.2B annually, +2.8% of assets) and the fund's ultra-low 0.03% expense ratio (cheaper than 88% of peers) attract steady capital
- Risk: Heavy concentration in mega-cap tech (NVDA 7.6%, AAPL 6.5%, MSFT 5.2%) creates directional dependency on large-cap performance; 66% of holdings above 200-day averages suggests crowding into overbought positions
Investment Thesis: SCHB serves as a core holding for passive index exposure with competitive costs, supported by consistent positive inflows and holdings trading 4.3% above fair value. However, the fund's beta of 1.01 and current technical positioning (price below both 20/50-day SMAs, neutral RSI, weak trend strength with ADX 11.93) suggest limited near-term momentum. The bullish news sentiment reflects ongoing media favorability for the fund as a low-cost alternative, but this represents structural appeal rather than a price catalyst.
Technical Analysis
Trend Direction
| Timeframe | Assessment | Rationale | |-----------|-----------|-----------| | Short-term (1-4 weeks) | RANGE-BOUND/SLIGHTLY BEARISH | Price $29.28 sits below SMA 20 ($29.65) and SMA 50 ($29.63), suggesting minor downward pressure. ADX 11.93 indicates weak trend strength in a consolidation regime. | | Medium-term (1-3 months) | BULLISH | Price trades $1.30 above SMA 200 ($27.98), establishing a longer-term uptrend foundation. EMA 12 ($29.63) and EMA 26 ($29.61) remain closely clustered and aligned above the 200-day, supporting uptrend structure. | | Long-term (3-12 months) | BULLISH | Clear separation between price and 200-day MA (+4.6% above) indicates established uptrend; consistent positive fund flows suggest sustained institutional support. |
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $29.22 | Support | Bollinger Bands lower band; immediate floor for consolidation | | $29.28 | Current | Trading at middle-lower range of Bollinger Band width (2.88 cents) | | $29.63-$29.65 | Resistance | Convergence of SMA 20 and SMA 50; short-term supply zone | | $30.08 | Resistance | Bollinger Bands upper band; near-term ceiling | | $27.98 | Support | SMA 200; strong longer-term support; 1.7% below current price |
Momentum Signals
RSI (14): 42.52 — Neutral Zone
- Reading is solidly neutral (30-70 range), indicating neither overbought nor oversold conditions
- Suggests the fund lacks strong momentum in either direction; typical for a consolidating index fund
- Not warning of reversal or exhaustion
MACD: 0.02 / Signal: -0.03 / Histogram: +0.06 — Bullish Setup
- Histogram is positive (0.06), indicating MACD line above signal line
- MACD approaching bullish crossover or recently crossed above
- This is the only clear bullish technical signal, suggesting early-stage momentum building
- However, absolute MACD values are very small, indicating weak signal strength—consistent with a ranging market
Bollinger Bands: Neutral Compression
- Price $29.28 sits almost exactly at middle band ($29.65), equidistant from support and resistance
- Band width of 2.88 cents is modest, not indicating extreme squeeze or volatility breakout
- Position suggests mean-reversion potential rather than directional breakout
- Neither overbought (upper band) nor oversold (lower band) pressure
Williams %R: -87.78 — Oversold Signal
- Extreme reading near -100 indicates strong oversold condition
- Suggests potential for near-term bounce/mean reversion toward middle bands
- Conflicts with neutral RSI; Williams %R may be signaling localized short-term weakness
Volume Analysis
Volume Trends:
- Volume Rate of Change: +31.05% — significant increase in trading activity
- Current volume elevated vs 20-day SMA (12.3M shares), suggesting institutional interest or rebalancing
- Spike coincides with MACD bullish setup, indicating volume backing potential momentum
On-Balance Volume (OBV): -12,209,886.35 — Bearish Divergence
- Negative OBV indicates cumulative selling pressure despite price holding above 200-day MA
- Data Quality Flag: OBV appearing as absolute value rather than indexed; this may reflect fund's size but warrants noting
- Suggests accumulation may not be matching price strength—potential warning sign for continuation
Institutional Interest Signals:
- Volume spike (+31%) combined with modest OBV divergence suggests institutional activity but mixed conviction
- Positive fund flows through May 2026 indicate structural capital inflows, not necessarily price-driven demand
- VolumeROC spike likely reflects rebalancing or portfolio inclusion rather than sentiment shift
News & Sentiment Analysis
Recent Headlines Summary
All six recent headlines (spanning October 2026 back to January 2025) focus on comparative analysis of SCHB versus alternative broad-market ETFs (VTI, SPTM, ITOT). Key themes:
- Cost Advantage: Articles emphasize SCHB's competitive 0.03% expense ratio
- Equivalence Messaging: Consistent positioning that SCHB and VTI offer "nearly identical" or "excellent" broad-market exposure
- Investor Education: Content targets choice between similar products rather than discussing fund performance or holdings changes
- Favorability Tone: All six articles rated POSITIVE, presenting SCHB as a legitimate, cost-effective choice
Sentiment Assessment: POSITIVE (Structural, Not Cyclical)
- Aggregate Sentiment: 100% positive across recent coverage (6/6 articles)
- Sentiment Type: Structural favorability (low costs, reliable exposure) rather than cyclical momentum (holdings rallying, performance outperformance)
- Relevance to Price: News sentiment reflects fund quality/structure, not catalysts for price movement
- The positive sentiment has remained consistent across 9+ months, indicating stable narrative without breaking developments
Catalyst Identification
No Near-Term Catalysts for SCHB Itself:
- ETFs don't have earnings dates or product launches
- Fund Flows: Latest reported flows through May 2026 show +$191M (latest month) and +1.5% of assets over 3 months; positive but not accelerating
- Regulatory: No announced changes to fund structure, expense ratio, or holdings methodology
Holding-Level Catalysts (13% of weight reports earnings within 7 days):
- Significant portion of portfolio holdings approaching earnings announcements
- With top 10 positions representing 35.2% of assets, earnings from NVDA, AAPL, MSFT, AMZN, GOOGL would drive portfolio performance
- Time-Sensitive Risk: Earnings from mega-cap holdings could create 1-3% swings in fund NAV
Structural Catalyst:
- Continued fund inflows may provide steady bid for the fund and holdings, but unlikely to create outsized moves
- Asset base of $44.4B provides scale; inflows of +$191M represent 0.43% of assets per month—modest relative impact
Market Narrative: Alignment Assessment
| Signal Category | Direction | Confidence | Alignment | |---|---|---|---| | Technical | Mixed (Bullish MACD, Bearish OBV, Neutral RSI) | Moderate | ❌ No clear consensus | | News | Positive (Structural) | High | ➜ Supports long-term holding, not near-term
Generated
News
All SCHB news →
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SCHB Options Activity & IV Rank
SCHB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 18.4%
7-DTE IV: —
Expected Move: $1.35
7-DTE Move: $1.35
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 26
Put Volume: 4
P/C Volume: 0.154
BULLISH
Call OI: 492
Put OI: 14
P/C OI: 0.028
Total OI: 506
ATM Options Pricing
ATM Call: $0.97
ATM Put: $0.38
Call %: 3.3%
Put %: 1.3%
Chain Summary
Chain Volume: 442
Chain OI: 1,766
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
TYPICAL γ
Estimated net dealer gamma is at the 73rd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
73%
vs own history
GEX tilt
+0.87
OI-weighted, today
Vanna tilt
+0.98
δ-sensitivity to IV
Charm tilt
-0.98
δ-decay vs time
Vanna tilt +0.98: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 9 ATM contracts, 1k 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 22 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · ATM 19.8% / 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
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)39.4MediumOct 22
Straddle Price (30 DTE)$1.35Oct 22
Beta Analysis
Risk Metrics
Beta: 1.0142
Alpha: -0.57%
Correlation: 0.9940
R-Squared: 98.8%
Stock Volatility: 13.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
SCHB 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$9.14M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $4.11M | 44.98% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $3.54M | 38.80% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.48M | 16.23% | 2026-06-30 |
1 filers$338.83K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | LPL Financial LLC Custodian | $338.83K | 100.00% | 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
1.80M
SI % of Float
0.12%
Days to Cover
1.00
Short Vol Ratio
72.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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