The Motley FoolT3·3d ago
SCHE Schwab Emerging Markets Equity ETF
ETF 34.95 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.
SCHE
$34.95
—
Key stats
$34.95
- 52-Week Range
- $31.75 – $37.64
- YTD
- +4.30%
- IV Rank (30D)
- 18.32
- Straddle Price
- $0.00
- P/C Vol Ratio
- 0.00
- Open
- $35.04
- Day Range
- $34.85 – $35.14
- Volume
- 4,759,773
- Prev Close
- $35.78
About
Schwab Emerging Markets Equity ETF (SCHE) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2010-01-14
- Has Options
- Yes
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.06% prospectus, filed Jun 11, 2026
- Assets
- $12.6B shares × price, Oct 21, 2026
- Trailing yield
- 2.66% paid semi-annual
- Average daily volume
- $110M 30 sessions
- Holdings
- 2,183 top 10 are 30.3%
- Listed
- Jan 14, 2010 NYSE Arca
- Last fee change
- -1 bp filed Jun 11, 2026
- Tracking difference
- +0.24 pts vs index, after fees, FY 2025
Cost98
Liquidity100
Scale100
Diversification60
Moves with. US large-cap stocks (47% of its variance, beta 0.84); Emerging markets over US (39% of its variance, beta 0.53). These factors explain 90% 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 FTSE Emerging Index. (from the fund's prospectus)
All 2,183 holdingsFlow historySimilar fundsOverlap toolAll Emerging Markets ETFs
Fund flows
through May 2026SEC filings- May 2026
- $0 latest reported month
- Latest 3 months
- −$40M −0.3% of assets
- Latest 12 months
- +$267M +2.1% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | −$40M |
| Feb 2026 | $0 |
| Jan 2026 | $0 |
| Dec 2025 | +$279M |
| Nov 2025 | +$17M |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | $0 |
| Jul 2025 | $0 |
| Jun 2025 | +$12M |
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 | |
|---|---|---|---|---|---|
| VWOVanguard FTSE Emerging Markets ETF | 83% | 0.06% | $122.9B | +5.7% | compare |
| EEMiShares MSCI Emerging Markets ETF | 76% | 0.72% | $29.6B | +15.8% | compare |
| BBEMJPMorgan BetaBuilders Emerging Markets Equity ETF | 75% | 0.15% | $835M | +11.7% | compare |
| BKEMBNY Mellon Emerging Markets Equity ETF | 75% | 0.11% | $104M | +16.4% | compare |
| EEMXState Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 74% | 0.30% | $174M | +16.3% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of May 31, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 1% net selling
- Reporting earnings
- 0.0% of weight in 7 days; 0.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.01%
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 |
|---|---|---|---|---|
| New position | MPI Corp | — | 0.15% | — |
| Increase | Contemporary Amperex Technology Co Ltd | 0.05% | 0.19% | +164.1% |
| New position | Phison Electronics Corp | — | 0.13% | — |
| Exit | BEKEKE Holdings Inc | 0.10% | — | — |
| New position | KE Holdings Inc | — | 0.10% | — |
| New position | Tripod Technology Corp | — | 0.06% | — |
| New position | VEDANTA ALUMINIUM METAL | — | 0.06% | — |
| New position | United Integrated Services Co Ltd | — | 0.05% | — |
| New position | China Gold International Resources Corp Ltd | — | 0.05% | — |
| Increase | Yangtze Optical Fibre & Cable Joint Stock Ltd Co | 0.06% | 0.11% | +13.2% |
14 new, 5 exited, 35 increased and 19 decreased between the fund's two latest holdings reports; turnover 10.0%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 4 active of 28 with agreements; top 3 did 89%
- Created · redeemed
- $199M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 100,000 shares
- Securities lending
- 0.46% of assets on loan on average; earned 1.7 bp
- Return vs index
- +0.24 pts after fees; +0.36 before; daily s.d. 0.03
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
2183
AUM
$12.9B
Provider
Nport
Inception
2010-01-14
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
0.06%
Dividend Yield
2.66%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-24 | 2026-06-29 | $0.0443 | CD |
| 2025-12-11 | 2025-12-16 | $0.9079 | CD |
| 2025-06-25 | 2025-06-30 | $0.0352 | CD |
| 2024-12-13 | 2024-12-18 | $0.7737 | CD |
| 2024-06-26 | 2024-07-01 | $0.0343 | CD |
| 2023-12-06 | 2023-12-11 | $0.8224 | CD |
Asset Allocation
Top Holdings
top 50 of 2183 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Taiwan Semiconductor Manufacturing Co Ltd | 17.06% | Equity (common) | TW |
| — | Tencent Holdings Ltd | 3.15% | Equity (common) | KY |
| — | Alibaba Group Holding Ltd | 2.57% | Equity (common) | KY |
| — | MediaTek Inc | 1.88% | Equity (common) | TW |
| — | Delta Electronics Inc | 1.40% | Equity (common) | TW |
| — | Hon Hai Precision Industry Co Ltd | 1.04% | Equity (common) | TW |
| — | State Street Institutional US Government Money Market Fund | 1.01% | Short-term investment | US |
| — | Reliance Industries Ltd | 0.88% | Equity (common) | IN |
| — | China Construction Bank Corp | 0.88% | Equity (common) | CN |
| — | HDFC Bank Ltd | 0.83% | Equity (common) | IN |
| — | ICICI Bank Ltd | 0.65% | Equity (common) | IN |
| — | Industrial & Commercial Bank of China Ltd | 0.63% | Equity (common) | CN |
| PDD | PDD Holdings Inc | 0.60% | Equity (common) | KY |
| — | ASE Technology Holding Co Ltd | 0.59% | Equity (common) | TW |
| — | Xiaomi Corp | 0.57% | Equity (common) | KY |
| — | Vale SA | 0.55% | Equity (common) | BR |
| — | Bharti Airtel Ltd | 0.54% | Equity (common) | IN |
| — | State Street Institutional US Government Money Market Fund | 0.52% | Short-term investment | US |
| — | United Microelectronics Corp | 0.50% | Equity (common) | TW |
| — | Al Rajhi Bank | 0.49% | Equity (common) | SA |
| — | Meituan | 0.46% | Equity (common) | KY |
| — | Ping An Insurance Group Co of China Ltd | 0.46% | Equity (common) | CN |
| — | Anglogold Ashanti Plc | 0.45% | Equity (common) | GB |
| — | Elite Material Co Ltd | 0.44% | Equity (common) | TW |
| — | Bank of China Ltd | 0.42% | Equity (common) | CN |
| — | NetEase Inc | 0.42% | Equity (common) | KY |
| — | Unimicron Technology Corp | 0.42% | Equity (common) | TW |
| — | Saudi Arabian Oil Co | 0.41% | Equity (common) | SA |
| — | Itau Unibanco Holding SA | 0.41% | Equity (preferred) | BR |
| — | BYD Co Ltd | 0.40% | Equity (common) | CN |
| — | Infosys Ltd | 0.39% | Equity (common) | IN |
| — | Naspers Ltd | 0.37% | Equity (common) | ZA |
| — | Accton Technology Corp | 0.36% | Equity (common) | TW |
| — | Petroleo Brasileiro SA - Petrobras | 0.35% | Equity (preferred) | BR |
| — | Yageo Corp | 0.34% | Equity (common) | TW |
| — | Gold Fields Ltd | 0.33% | Equity (common) | ZA |
| — | Baidu Inc | 0.33% | Equity (common) | KY |
| — | Grupo Mexico SAB de CV | 0.33% | Equity (common) | MX |
| — | Petroleo Brasileiro SA - Petrobras | 0.32% | Equity (common) | BR |
| — | JD.com Inc | 0.32% | Equity (common) | KY |
| — | CTBC Financial Holding Co Ltd | 0.32% | Equity (common) | TW |
| — | Kuwait Finance House KSCP | 0.31% | Equity (common) | KW |
| — | OTP Bank Nyrt | 0.29% | Equity (common) | HU |
| — | Axis Bank Ltd | 0.29% | Equity (common) | IN |
| — | Delta Electronics Thailand PCL | 0.29% | Equity (common) | TH |
| — | Saudi National Bank/The | 0.29% | Equity (common) | SA |
| — | FirstRand Ltd | 0.28% | Equity (common) | ZA |
| — | Grupo Financiero Banorte SAB de CV | 0.28% | Equity (common) | MX |
| — | Mahindra & Mahindra Ltd | 0.28% | Equity (common) | IN |
| — | Chroma ATE Inc | 0.28% | Equity (common) | TW |
Geographic Breakdown
Non-Equity Breakdown
Schwab Emerging Markets Equity ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-24)
Net assets:
$12.74B
· 2183 total positions
· equity 99.61%
· non-equity 1.56%
Non-equity holdings
— 3 positions,
1.56% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.53% | $194.6M | 2 |
| Derivative (equity) | 0.03% | $3.7M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.79% | 0.37% | 7.23% | -2.49% | 1.43% | 2.63% | 1.99% |
| Feb | -1.23% | -4.48% | -7.86% | 2.79% | 1.49% | 2.14% | -1.19% |
| Mar | -3.40% | -2.32% | 0.37% | 1.00% | 2.26% | -5.42% | -1.25% |
| Apr | 0.59% | -7.20% | -1.22% | 0.43% | -0.32% | 8.29% | 0.09% |
| May | 1.83% | 0.57% | -2.67% | 2.20% | 3.51% | 1.48% | 1.15% |
| Jun | -2.03% | -3.20% | 2.41% | 0.80% | 4.51% | -1.12% | 0.23% |
| Jul | -5.63% | -0.51% | 5.03% | 0.94% | 0.60% | 0.00% | 0.07% |
| Aug | 1.51% | 0.28% | -4.66% | 2.95% | 3.69% | 2.38% | 1.03% |
| Sep | -4.57% | -9.93% | -3.58% | 9.12% | 6.07% | -1.73% | -0.77% |
| Oct | 1.44% | -4.58% | -2.89% | -3.90% | 0.83% | -3.64%* | -2.12% |
| Nov | -4.39% | 13.03% | 5.91% | -2.36% | -1.27% | -- | 2.18% |
| Dec | -0.57% | -4.71% | -0.16% | -4.24% | -2.21% | -- | -2.38% |
| Total | -13.24% | -21.86% | -3.20% | 6.72% | 22.27% | 4.44% | -0.81% |
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: $36.38
SMA 50: $36.73
SMA 200: $35.57
Current: $34.95
EMA 12: $35.99
EMA 26: $36.33
MACD: -0.3454 | Signal: -0.1474
BEARISH
ADX (14): 21.74
WEAK TREND
+DI: 14.72
−DI: 44.76
Momentum Oscillators
RSI (14): 30.75
NEUTRAL
Stoch %K: 11.30
Stoch %D: 10.44
Williams %R: -96.18
Volume & Volatility
BB Upper: $37.51
BB Lower: $35.25
OVERSOLD
OBV: -20,926,102
Vol SMA 20: 3,152,539
Vol ROC: 55.82%
ATR: $0.43
True Range: $0.93
HV 20: 15.5%
HV 30: 15.8%
HV 60: 14.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
SCHE Stock Analysis Report
Schwab Emerging Markets Equity ETF
Executive Summary
Overall Assessment: NEUTRAL with 6/10 confidence
SCHE presents a mixed technical and fundamental picture. The fund is a low-cost ($12.7B AUM, 0.06% expense ratio) passive tracker of 2,183 emerging market positions, heavily concentrated in Taiwan semiconductors (17.1% in TSMC alone). Technically, the fund is in a range-bound consolidation with weakening momentum—price trades below its 20, 50, and near its 200-day moving average at a critical juncture. News sentiment remains constructively positive (comparison articles positioning SCHE favorably), but recent fund flows have turned slightly negative (-$40M over 3 months), and the technical setup suggests sellers are in control.
Investment Thesis: SCHE is a structural play on emerging markets with excellent cost efficiency, but current technicals show deteriorating momentum in a range-bound market with negative divergence between price weakness and elevated implied volatility. The fund lacks near-term catalyst strength despite positive competitive positioning in fund comparisons.
Recent News Sentiment Impact: Positive—three recent articles (Sept 10-14, 2026) favorably compare SCHE against competitors (IEMG, URTH, IXUS), but this sentiment has not translated into price strength, suggesting market is pricing in risks not captured in headline sentiment.
Technical Analysis
Trend Direction
| Timeframe | Direction | Strength | Commentary | |-----------|-----------|----------|-----------| | Short-term (1-4 weeks) | DOWNTREND | Weak | Price $36.14 below SMA20 ($36.76) and SMA50 ($36.85); EMA12 ($36.58) and EMA26 ($36.69) both above price | | Medium-term (1-3 months) | SIDEWAYS/CONSOLIDATION | Weak | Price oscillating between $35.51 (SMA200) and $37.55 (upper Bollinger Band); no clear directional conviction | | Long-term (3-12 months) | RANGE-BOUND UPTREND | Soft | Price remains above 200-day MA ($35.51), but gains are stalled; fund has not broken out above $37.55 resistance |
Support/Resistance Levels
Immediate Support:
- $35.98 — Lower Bollinger Band (critical near-term floor)
- $35.51 — SMA 200 (long-term support; if breached, signals trend change)
Immediate Resistance:
- $36.76 — SMA 20 (short-term ceiling; repeated rejection)
- $37.55 — Upper Bollinger Band (technical ceiling; coincides with recent range high)
Key Observation: The fund is trading in the lower half of its Bollinger Band envelope, indicating bias toward mean reversion lower or consolidation compression before breakout.
Momentum Signals
RSI (14): 41.75 — NEUTRAL
- Positioned in the middle of neutral zone (30-70), between oversold and overbought extremes
- Not signaling either buying or selling pressure
- Slightly bearish bias (below 50 midpoint), suggesting momentum favor to sellers
Stochastic %K: 26.69 / %D: 36.30 — WEAK BEARISH
- %K below %D indicates downward momentum
- Both readings in lower third of scale; suggests potential for mean reversion bounce, but not imminent oversold condition (<20 would be more compelling)
Williams %R: -75.48 — SIGNIFICANT BEARISH SIGNAL
- Extreme reading (-75 to -100 is very oversold territory)
- This is the most actionable bearish technical signal; suggests fund has been sold aggressively over recent sessions
- Historically, such extremes often precede bounces, but could also indicate continued selling pressure
MACD: -0.12 / Signal: -0.07 / Histogram: -0.05 — BEARISH
- MACD below signal line (negative histogram of -0.05) confirms bearish momentum
- The narrowing histogram (-0.05 vs more negative prior readings likely) suggests momentum is weakening but not reversing yet
- MACD negative crossovers typically signal 5-10 trading day downside bias before stabilization
Bollinger Bands Position
- Width: 4.26% — Relatively neutral band width (neither squeezed nor extremely wide)
- Position: Lower half of bands — Price at $36.14 sits between middle ($36.76) and lower ($35.98) band
- Signal: NEUTRAL with slight mean-reversion bias downward
- Interpretation: Bands are not in squeeze (which would suggest breakout pending), nor is price at extremes (which would signal reversal). Current position suggests fund could oscillate within $35.98–$36.76 range near-term, or test lower support if selling intensifies.
Volume Analysis
Volume SMA 20: 3,066,526
- Current volume data not provided, but 20-day average indicates moderate institutional interest
On-Balance Volume: -12,290,957.30 — SIGNIFICANT BEARISH SIGNAL
- Deeply negative OBV indicates cumulative volume has favored sellers over recent periods
- OBV moving lower while price attempts to hold suggests distribution (institutional selling) into weakness
- This contradicts the positive headline sentiment and suggests sophisticated money is exiting or reducing positions
Volume Rate of Change: -8.60% — BEARISH
- Volume declining 8.6% below its recent average
- Falling volume during downtrend can indicate either capitulation (bottoming) or loss of conviction; unclear without price action context
- Combined with negative OBV, suggests waning buyer interest; selling may be approaching climax if volume continues to decline
Institutional Interest Assessment: Negative OBV trend with declining volume suggests institutional interest is cooling or rotating out of the fund—inconsistent with positive comparative headlines.
News & Sentiment Analysis
Recent Headlines Summary
All six recent articles are comparative fund analysis pieces published by The Motley Fool, positioning SCHE favorably against competing emerging markets ETFs:
- SCHE vs IEMG (Sept 14, 2026) — POSITIVE
- Schwab emerging markets vs State Street Global Stocks (Sept 10, 2026) — POSITIVE
- SCHE vs iShares World ETF (URTH) (Sept 10, 2026) — POSITIVE
- SCHE vs State Street Climate Fund (Aug 5, 2026) — POSITIVE
- IXUS vs SCHE (July 13, 2026) — NEUTRAL
- SCHE vs SPGM (May 17, 2026) — NEUTRAL
Key Themes:
- SCHE positioned as cost-effective alternative (0.06% expense ratio vs peers at 0.49% median)
- Fund's diversification and semiconductor/tech exposure highlighted as positive
- No negative catalysts, regulatory issues, or management concerns cited
- No earnings reports or specific fund performance commentary (expected for passive ETF)
Sentiment Assessment
Aggregate Sentiment: POSITIVE (60% favorable tone)
- Four articles explicitly positive about SCHE's positioning
- Two neutral comparison pieces without criticism
- Zero negative articles in last 60+ days
- However: Sentiment is structural/comparative, not performance-driven; articles discuss "why to own SCHE" not "SCHE is outperforming"
Catalyst Identification
Near-term (1-4 weeks):
- No fund-specific catalysts
- Macro emerging markets sentiment (Fed policy, China data, geopolitical risks)
- Earnings season for major holdings (TSMC, Tencent, Alibaba, MediaTek) begins late Oct 2026
Medium-term (1-3 months):
- Q3 2026 earnings from top 10 holdings (~30% of fund)
- Potential portfolio rebalancing post-earnings
Structural:
- Fed interest rate policy trajectory (affects emerging market flows)
- China regulatory environment (TSMC, Tencent, Alibaba represent ~23% of fund)
- Taiwan geopolitical risk premium
Market Narrative & Technical Divergence
CONFLICT IDENTIFIED: Positive news sentiment (favorable comparisons, low cost advantage) has NOT supported price action. Fund is technically weak despite narrative strength.
- News says: SCHE is a smart choice, cost-effective, diversified
Generated
News
All SCHE news →
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SCHE Options Activity & IV Rank
SCHE IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 20.8%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 8
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 10
Put OI: 0
P/C OI: —
Total OI: 10
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 560
Chain OI: 221
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 40th 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
40%
vs own history
GEX tilt
+0.63
OI-weighted, today
Vanna tilt
+0.21
δ-sensitivity to IV
Charm tilt
-0.70
δ-decay vs time
Charm tilt -0.70: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 5 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
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pts
EXTREME
No data
30 DTE / 10d
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pts
EXTREME
ATM 10.8% / 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)18.3LowOct 22
Straddle Price (30 DTE)$0.00Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1476
Alpha: -10.74%
Correlation: 0.8049
R-Squared: 64.8%
Stock Volatility: 18.2%
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
SCHE 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.
1 filers$242.94K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $242.94K | 100.00% | 2026-06-30 |
| # | 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
4.96M
SI % of Float
1.41%
Days to Cover
1.52
Short Vol Ratio
66.5%
Free Float
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Float %
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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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