Zacks Investment ResearchT3·2d ago
SCHV Schwab U.S. Large-Cap Value ETF
ETF 34.40 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.
SCHV
$34.40
—
Key stats
$34.40
- 52-Week Range
- $28.29 – $35.48
- YTD
- +15.05%
- IV Rank (30D)
- 20.34
- Straddle Price
- $1.25
- P/C Vol Ratio
- 0.56
- Open
- $34.40
- Day Range
- $34.29 – $34.43
- Volume
- 2,744,825
- Prev Close
- $34.34
About
Schwab U.S. Large-Cap Value ETF (SCHV) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2009-12-11
- Has Options
- Yes
Fund profile
holdings as of Oct 7, 2026third-party datathrough May 2026flows, SEC filings
- Expense ratio
- 0.04% prospectus, filed Dec 22, 2025
- Assets
- $15.6B shares × price, Oct 20, 2026
- Trailing yield
- 1.82% paid quarterly
- Average daily volume
- $104M 30 sessions
- Holdings
- 570 top 10 are 20.0%
- Listed
- Dec 11, 2009 NYSE Arca
- Tracking difference
- -0.04 pts vs index, after fees, FY 2025
Cost94
Liquidity100
Scale100
Diversification100
Moves with. US large-cap stocks (81% of its variance, beta 0.91); Emerging markets over US (10% of its variance, beta 0.16); Small caps over large (8% of its variance, beta 0.17). These factors explain 85% 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. Large-Cap Value Total Stock Market Index. (from the fund's prospectus)
All 570 holdingsFlow historySimilar fundsOverlap toolAll Large Cap Value ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$151M latest reported month
- Latest 3 months
- −$717M −4.6% of assets
- Latest 12 months
- +$235M +1.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$151M |
| Apr 2026 | −$594M |
| Mar 2026 | +$28M |
| Feb 2026 | +$149M |
| Jan 2026 | +$1.7M |
| Dec 2025 | +$104M |
| Nov 2025 | +$88M |
| Oct 2025 | +$103M |
| Sep 2025 | +$303M |
| Aug 2025 | +$54M |
| Jul 2025 | +$39M |
| Jun 2025 | +$111M |
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 | |
|---|---|---|---|---|---|
| VTVVanguard Morningstar Value ETF | 73% | 0.03% | $191.5B | +20.9% | compare |
| IUSViShares Core S&P U.S. Value ETF | 68% | 0.04% | $28.2B | +15.0% | compare |
| VOOVVanguard S&P 500 Value ETF | 68% | 0.07% | $6.8B | +15.1% | compare |
| SPYVState Street SPDR Portfolio S&P 500 Value ETF | 67% | 0.04% | $37.9B | +15.1% | compare |
| IVEiShares S&P 500 Value ETF | 67% | 0.18% | $50.2B | +15.1% | 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
- +6.4% 39% under, 25% over · 100% covered
- Price / earnings
- 22.5 5% loss-making · 99% covered
- Price / book · sales
- 3.0 · 2.1 revenue growth +8.1%
- Above 200-day average
- 61% 52% above 50-day · by weight
- Short interest
- 2.9% of float, weighted · 3.2 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 61% net selling
- 13F holders
- +2.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 28.1% of weight in 7 days; 57.6% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.05%
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 |
|---|---|---|---|---|
| Increase | BEBloom Energy Corp | 0.11% | 0.24% | +18.6% |
| Exit | CTRACoterra Energy Inc | 0.08% | — | — |
| Exit | Amcor PLC | 0.08% | — | — |
| Increase | DVNDevon Energy Corp | 0.09% | 0.17% | +83.3% |
| New position | Amcor PLC | — | 0.06% | — |
| Exit | HOLXHologic Inc | 0.06% | — | — |
| New position | MDLNMedline Inc | — | 0.05% | — |
| New position | SharkNinja Inc | — | 0.03% | — |
| Increase | NRGNRG Energy Inc | 0.12% | 0.09% | +10.7% |
| New position | CBRSCerebras Systems Inc | — | 0.02% | — |
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 10 active of 28 with agreements; top 3 did 64%
- Created · redeemed
- $1.3B · $791M over the fiscal year
- Redemptions in kind
- 98% creations 98% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.04% of assets on loan on average; earned 0.1 bp
- Return vs index
- -0.04 pts after fees; +0.01 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
559
AUM
$15.5B
Provider
Nport
Inception
2009-12-11
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
0.04%
Dividend Yield
1.82%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-28 | $0.1632 | CD |
| 2026-06-24 | 2026-06-29 | $0.1566 | CD |
| 2026-03-25 | 2026-03-30 | $0.1413 | CD |
| 2025-12-10 | 2025-12-15 | $0.1652 | CD |
| 2025-09-24 | 2025-09-29 | $0.1477 | CD |
| 2025-06-25 | 2025-06-30 | $0.1454 | CD |
Asset Allocation
Top Holdings
top 50 of 559 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MU | Micron Technology Inc | 3.54% | Equity (common) | US |
| BRK.B | Berkshire Hathaway Inc | 2.82% | Equity (common) | US |
| JPM | JPMorgan Chase & Co | 2.62% | Equity (common) | US |
| XOM | Exxon Mobil Corp | 1.97% | Equity (common) | US |
| JNJ | Johnson & Johnson | 1.76% | Equity (common) | US |
| INTC | Intel Corp | 1.75% | Equity (common) | US |
| WMT | Walmart Inc | 1.65% | Equity (common) | US |
| CSCO | Cisco Systems Inc | 1.54% | Equity (common) | US |
| CAT | Caterpillar Inc | 1.32% | Equity (common) | US |
| LRCX | Lam Research Corp | 1.29% | Equity (common) | US |
| ABBV | AbbVie Inc | 1.25% | Equity (common) | US |
| ORCL | Oracle Corp | 1.24% | Equity (common) | US |
| AMAT | Applied Materials Inc | 1.16% | Equity (common) | US |
| BAC | Bank of America Corp | 1.11% | Equity (common) | US |
| CVX | Chevron Corp | 1.11% | Equity (common) | US |
| PG | Procter & Gamble Co/The | 1.08% | Equity (common) | US |
| HD | Home Depot Inc/The | 1.02% | Equity (common) | US |
| GS | Goldman Sachs Group Inc/The | 1.00% | Equity (common) | US |
| KO | Coca-Cola Co/The | 0.99% | Equity (common) | US |
| MRK | Merck & Co Inc | 0.96% | Equity (common) | US |
| IBM | International Business Machines Corp | 0.90% | Equity (common) | US |
| TXN | Texas Instruments Inc | 0.90% | Equity (common) | US |
| PM | Philip Morris International Inc | 0.90% | Equity (common) | US |
| QCOM | QUALCOMM Inc | 0.87% | Equity (common) | US |
| MS | Morgan Stanley | 0.81% | Equity (common) | US |
| RTX | RTX Corp | 0.78% | Equity (common) | US |
| WFC | Wells Fargo & Co | 0.78% | Equity (common) | US |
| C | Citigroup Inc | 0.71% | Equity (common) | US |
| ADI | Analog Devices Inc | 0.66% | Equity (common) | US |
| VZ | Verizon Communications Inc | 0.65% | Equity (common) | US |
| MCD | McDonald's Corp | 0.64% | Equity (common) | US |
| PEP | PepsiCo Inc | 0.64% | Equity (common) | US |
| — | Seagate Technology Holdings PLC | 0.62% | Equity (common) | IE |
| APH | Amphenol Corp | 0.59% | Equity (common) | US |
| BA | Boeing Co/The | 0.59% | Equity (common) | US |
| AMGN | Amgen Inc | 0.59% | Equity (common) | US |
| NEE | NextEra Energy Inc | 0.59% | Equity (common) | US |
| WDC | Western Digital Corp | 0.58% | Equity (common) | US |
| MRVL | Marvell Technology Inc | 0.58% | Equity (common) | US |
| T | AT&T Inc | 0.56% | Equity (common) | US |
| TJX | TJX Cos Inc/The | 0.56% | Equity (common) | US |
| AXP | American Express Co | 0.55% | Equity (common) | US |
| GILD | Gilead Sciences Inc | 0.54% | Equity (common) | US |
| UNP | Union Pacific Corp | 0.51% | Equity (common) | US |
| — | Eaton Corp PLC | 0.50% | Equity (common) | IE |
| HON | Honeywell International Inc | 0.49% | Equity (common) | US |
| ABT | Abbott Laboratories | 0.48% | Equity (common) | US |
| PFE | Pfizer Inc | 0.48% | Equity (common) | US |
| SCHW | Charles Schwab Corp/The | 0.47% | Equity (common) | US |
| WELL | Welltower Inc | 0.46% | Equity (common) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.39% | -3.13% | 4.20% | -0.04% | 4.31% | 4.05% | 1.63% |
| Feb | 4.05% | -2.47% | -3.92% | 2.68% | 1.89% | 2.74% | 0.83% |
| Mar | 3.16% | 3.87% | -1.10% | 3.78% | -2.67% | -5.13% | 0.32% |
| Apr | 2.70% | -5.88% | 0.67% | -3.89% | -2.94% | 6.04% | -0.55% |
| May | 1.45% | 1.79% | -4.58% | 3.48% | 3.88% | 3.74% | 1.63% |
| Jun | -1.27% | -8.41% | 5.24% | -0.58% | 3.02% | 3.72% | 0.29% |
| Jul | 0.65% | 5.41% | 3.15% | 4.69% | -0.43% | -1.15% | 2.05% |
| Aug | 2.18% | -2.76% | -2.21% | 4.03% | 4.13% | 0.67% | 1.01% |
| Sep | -4.42% | -9.65% | -5.04% | 2.28% | 1.61% | -2.94% | -3.03% |
| Oct | 4.06% | 7.97% | -2.32% | -0.69% | -0.89% | 3.06%* | 1.86% |
| Nov | -2.84% | 6.36% | 7.13% | 6.04% | 2.71% | -- | 3.88% |
| Dec | 6.46% | -4.43% | 3.48% | -6.69% | 0.78% | -- | -0.08% |
| Total | 17.28% | -12.48% | 3.82% | 15.28% | 16.13% | 15.19% | 9.20% |
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: $33.83
SMA 50: $34.30
SMA 200: $32.96
Current: $34.40
EMA 12: $34.06
EMA 26: $34.03
MACD: 0.0307 | Signal: 0.0986
BEARISH
ADX (14): 23.31
WEAK TREND
+DI: 28.52
−DI: 22.63
Momentum Oscillators
RSI (14): 59.39
NEUTRAL
Stoch %K: 86.78
Stoch %D: 83.32
Williams %R: -2.71
Volume & Volatility
BB Upper: $34.42
BB Lower: $33.23
NEUTRAL
OBV: 6,237,443
Vol SMA 20: 3,197,222
Vol ROC: -25.73%
ATR: $0.27
True Range: $0.14
HV 20: 7.8%
HV 30: 9.2%
HV 60: 9.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
SCHV Stock Analysis Report
Schwab U.S. Large-Cap Value ETF
Executive Summary
Overall Assessment: NEUTRAL | Confidence Level: 6/10
SCHV is a low-cost ($0.04% expense ratio), passively managed large-cap value ETF with $15.4B in assets showing mixed technical signals and concerning fund flow dynamics. The fund is trading near its 20-day moving average ($33.79) with a bearish MACD crossover (-0.11 vs signal 0.07) offset by neutral momentum (RSI 49.20). Recent fund outflows (-$717M over 3 months, representing -4.6% of assets) suggest investor rotation, while holdings trade at a +7.3% premium to fair value—a valuation headwind despite the fund's defensive characteristics (beta 0.70).
Key Drivers: Valuation premium in holdings; recent negative fund flows; bearish technical momentum despite stable pricing.
Primary Risks: Valuation compression in large-cap value holdings; continued outflows if underperformance persists; concentrated top-10 holdings (20% of fund) creates single-name risk.
Investment Thesis: SCHV offers defensive exposure to large-cap value (beta 0.70, low volatility 0.11) but faces near-term headwinds from rich valuations, technical deterioration, and fund outflows. The fund is suitable for conservative allocation but lacks near-term catalysts for appreciation.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH
- Price ($33.92) sits above the 20-day SMA ($33.79) by just $0.13, showing minimal upside momentum
- MACD shows a bearish signal with histogram at -0.18 (below zero), indicating momentum deterioration
- Stochastic %K (89.23) is in overbought territory (>80), suggesting pullback risk
Medium-term (1-3 months): NEUTRAL
- Price trades below the 50-day SMA ($34.36) by $0.44, indicating slight downward pressure
- ADX (14) = 30.53 confirms a trending regime (above 25 threshold), but the trend is downward (-DI 31.01 > +DI 19.90)
- The fund has drifted lower relative to intermediate moving averages
Long-term (3-12 months): BULLISH
- Price ($33.92) remains above the 200-day SMA ($32.85) by $1.07, confirming the longer-term uptrend
- Low volatility (HV20 8.1%, HV30 9.0%, HV60 9.3%) suggests stable, non-disruptive price action
- The fund maintains its position in the longer-term trading range
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $34.36 | Resistance | 50-day SMA; retreat below this level confirms bearish medium-term signal | | $34.29 | Resistance | Upper Bollinger Band; price testing overbought condition | | $33.79 | Support | 20-day SMA; current price near this level; first line of defense | | $33.28 | Support | Lower Bollinger Band; capitulation level if momentum deteriorates | | $32.85 | Support | 200-day SMA; critical long-term support; loss would signal trend reversal |
Critical Observation: Bollinger Bands width (2.97) is relatively tight, indicating low volatility environment. Price near the middle band ($33.79) suggests no extreme overbought/oversold conditions, but breakout risk exists in either direction.
Momentum Signals
RSI (14): 49.20 — NEUTRAL
- RSI is in the middle of the neutral zone (30-70), showing no extreme conditions
- Neither overbought (>70) nor oversold (<30)
- Suggests balanced buyer/seller equilibrium with no imminent reversal signal
MACD: BEARISH MOMENTUM DETERIORATION
- MACD line (-0.11) is below the signal line (0.07), generating a bearish crossover signal
- Histogram (-0.18) is negative and widening, indicating strengthening downward momentum
- This contradicts the neutral RSI, suggesting momentum is weakening but not yet in full reversal
Stochastic Oscillators: OVERBOUGHT WARNING
- %K (89.23) and %D (83.29) are both in overbought territory (>80)
- Williams %R (-19.19) also indicates overbought conditions
- These readings suggest short-term pullback risk before further upside, or potential consolidation
Bollinger Bands: NEUTRAL WITH SQUEEZE POTENTIAL
- Price ($33.92) is between the middle band ($33.79) and upper band ($34.29)
- Band width of 2.97 indicates low volatility squeeze—suggests volatility expansion may be imminent
- Position near upper band contradicts bearish MACD (technical divergence)
Volume Analysis
Volume Trends: CONCERNING DETERIORATION
- Volume Rate of Change: -18.09% — significant decline in trading volume
- 20-day Volume SMA: 3,044,287 shares
- Current volume is running 18% below its 20-day average, indicating weakening institutional interest
On-Balance Volume (OBV): 1,197,368.90
- OBV is relatively modest and not providing clear directional signals
- Declining volume on recent price action suggests the upward move lacks conviction
Interpretation: The sharp volume decline (-18.09%) is a red flag for the technical move. With fewer shares trading, the move to $33.92 lacks institutional support. This aligns with the negative fund flows (-$717M over 3 months) and suggests investors are reducing exposure. Without volume confirmation, the current price level is vulnerable.
News & Sentiment Analysis
Recent Headlines Summary
The news flow for SCHV is sparse and generic, reflecting its status as a passive ETF rather than an individual stock:
-
2026-10-06: "Should SCHV Be on Your Investing Radar?" (Zacks, POSITIVE)
- Most recent headline; generic ETF recommendation piece
- No specific catalyst or event driver
-
2026-02-24: "USAdvisors Sells $3.8M of First Trust Smith Fixed Income ETF" (Motley Fool, POSITIVE)
- Not directly about SCHV; tangential to broader ETF flow commentary
- Suggests interest in alternative fixed income products (potential competitor flow)
-
2024-05-10, 2024-03-15, 2024-03-04, 2024-01-03: Repeat SCHV recommendations (Zacks, NEUTRAL)
- Generic recurring articles with no new information
- Dated content (some nearly 3 years old) indicates limited current news drivers
Sentiment Assessment: NEUTRAL
- Positive sentiment: 1 out of 7 headlines (14%)
- Neutral sentiment: 5 out of 7 headlines (71%)
- Negative sentiment: 0 out of 7 headlines (0%)
The aggregate news environment is neither bullish nor bearish. The lack of recent, substantive coverage suggests investors are not focused on SCHV specifically. The fund is treated as a routine holding rather than a tactical opportunity.
Catalyst Identification
Immediate (1-7 days):
- None identified; no fund-specific catalysts on the horizon
Near-term (1-4 weeks):
- Earnings announcements: 18% of holdings report earnings within 7 days [as of 2026-10-07], providing potential portfolio-level catalyst
- Quarterly fund flows: Next reporting cycle may show continued outflows, affecting market perception
Medium-term (1-3 months):
- Valuation compression: Holdings at +7.3% premium to fair value; any market correction could trigger mean reversion
- Interest rate policy: As a large-cap value fund, SCHV is sensitive to rate expectations; any Fed action would drive reallocation
- Position rebalancing: Fund manager activity in holdings (recent additions: BE, DVN, NRG; sold: CTRA, HOLX) suggest tactical adjustments
Market Narrative Alignment
Technical signals vs. News:
- Conflict detected:
Generated
News
All SCHV news →
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SCHV Options Activity & IV Rank
SCHV IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 17.5%
7-DTE IV: —
Expected Move: $1.25
7-DTE Move: $1.25
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 9
Put Volume: 5
P/C Volume: 0.556
BULLISH
Call OI: 26
Put OI: 0
P/C OI: —
Total OI: 26
ATM Options Pricing
ATM Call: $0.95
ATM Put: $0.30
Call %: 2.8%
Put %: 0.9%
Chain Summary
Chain Volume: 97
Chain OI: 169
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
LOW γ vs HISTORY
Estimated net dealer gamma is at the 1st 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
1%
vs own history
GEX tilt
-0.82
OI-weighted, today
Vanna tilt
-0.50
δ-sensitivity to IV
Charm tilt
+0.93
δ-decay vs time
Vanna tilt -0.50: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.93: 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
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pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
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pts
EXTREME
as of Oct 21 · ATM 17.0% / 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)20.3LowOct 21
Straddle Price (30 DTE)$1.25Oct 21
Beta Analysis
Risk Metrics
Beta: 0.6874
Alpha: 6.79%
Correlation: 0.7777
R-Squared: 60.5%
Stock Volatility: 11.2%
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
SCHV 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 |
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| # | Filer | Notional Value | % of Total | Period |
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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
961.49K
SI % of Float
0.21%
Days to Cover
1.00
Short Vol Ratio
52.7%
Free Float
—
Float %
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Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
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