Zacks Investment ResearchT3·23d ago
SMIN iShares MSCI India Small-Cap ETF
ETF 66.78 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.
SMIN
$66.78
—
Key stats
$66.78
- 52-Week Range
- $57.78 – $75.94
- YTD
- -4.61%
- IV Rank (30D)
- 68.02
- Straddle Price
- $3.85
- P/C Vol Ratio
- 0.17
- Open
- $66.99
- Day Range
- $66.95 – $67.03
- Volume
- 2,718
- Prev Close
- $67.39
About
iShares MSCI India Small-Cap ETF (SMIN) ETF
No description available.
- Exchange
- BATS
- Inception
- 2012-02-08
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough May 2026flows, SEC filings
International Equity
Single Country#44 of 163 by assets
iShares
India
Emerging Markets
Index-tracking
- Expense ratio
- 0.74% issuer, Oct 22, 2026
- Assets
- $681M issuer-reported, Oct 20, 2026
- Trailing yield
- 2.09% paid semi-annual
- Average daily volume
- $7.0M 30 sessions
- Holdings
- 461 top 10 are 10.3%
- Listed
- Feb 8, 2012 Cboe BZX
- Last fee change
- -1 bp filed Dec 19, 2025
- Net asset value
- $67.38 issuer, Oct 21, 2026 · closed +0.48% to NAV
- Median bid/ask spread
- 0.45% 30 days, issuer-reported
- 30-day SEC yield
- -0.05% issuer, Sep 30, 2026
- Return on NAV, 1 year
- −1.9% issuer, through Sep 30, 2026 · 3 years +6.1% a year · 5 years +5.0% · 10 years +8.5%
- Distributions, 12 months
- $1.41 a share issuer, through Dec 16, 2025: 100% capital gains
- Tracking difference
- +1.81 pts vs index, after fees, FY 2025
Cost18
Liquidity62
Scale68
Diversification100
Moves with. US large-cap stocks (36% of its variance, beta 0.97); Developed markets ex-US over US (6% of its variance, beta 0.50). These factors explain 40% of its daily moves over the last year.
Stated objective. The iShares MSCI India Small-Cap ETF (the Fund ) seeks to track the investment results of an index composed of small-capitalization Indian equities. (from the fund's prospectus)
All 461 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough May 2026SEC filings- Oct 20, 2026
- $0 latest day
- Latest 5 trading days
- $0
- Latest 21 trading days
- −$44M −6.5% of assets
- Year to date
- −$15M −$156M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | −$14M |
| Oct 9, 2026 | $0 |
| Oct 8, 2026 | −$13M |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | −$6.8M |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | −$10M |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | $0 |
| Sep 22, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- May 2026
- +$6.7M latest reported month
- Latest 3 months
- −$45M −7.1% of assets
- Latest 12 months
- −$167M −26.1% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$6.7M |
| Apr 2026 | −$12M |
| Mar 2026 | −$40M |
| Feb 2026 | +$20M |
| Jan 2026 | −$34M |
| Dec 2025 | −$74M |
| Nov 2025 | −$40M |
| Oct 2025 | −$30M |
| Sep 2025 | −$3.6M |
| Aug 2025 | +$4.1M |
| Jul 2025 | +$20M |
| Jun 2025 | +$15M |
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 | |
|---|---|---|---|---|---|
| EEMSiShares MSCI Emerging Markets Small-Cap ETF | 21% | 0.72% | $376M | +7.0% | compare |
| INDXtrackers Nifty 500 India ETF | 14% | 0.19% | $4.5M | — | compare |
| EPIWisdomTree India Earnings Fund ETF | 14% | 0.84% | $1.8B | −11.8% | compare |
| GINDGoldman Sachs India Equity ETF | 13% | 0.75% | $159M | −13.5% | compare |
| EWXState Street SPDR S&P Emerging Markets Small Cap ETF | 13% | 0.65% | $649M | +3.6% | compare |
Ranked by how much of the two portfolios is the same securities.
What changed in the portfolio
Oct 16, 2026 → Oct 19, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | AVENUESAI LTD | — | 0.06% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.2%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 6 active of 40 with agreements; top 3 did 82%
- Created · redeemed
- $357M · $315M over the fiscal year
- Redemptions in kind
- 97% creations 96% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- +1.81 pts after fees; +1.81 before; daily s.d. 9.78
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
461
AUM
$680.6M
Provider
iShares (BlackRock)
Inception
2012-02-08
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.74%
Dividend Yield
2.09%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-16 | 2025-12-19 | $1.4068 | CD |
| 2024-12-17 | 2024-12-20 | $5.2323 | CD |
| 2023-12-20 | 2023-12-27 | $0.2437 | CD |
| 2023-06-07 | 2023-06-13 | $0.0427 | CD |
| 2022-12-13 | 2022-12-19 | $0.0038 | CD |
| 2021-12-13 | 2021-12-17 | $0.7680 | CD |
Asset Allocation
Top Holdings
top 50 of 461 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| COFORGE | COFORGE | 1.89% | Equity (Foreign) | IN |
| — | BLK CSH FND TREASURY SL AGENCY | 1.24% | Cash/Money Market | US |
| EMBASSY | EMBASSY OFFICE PARKS REIT UNITS | 1.14% | Equity (Foreign) | IN |
| SONACOMS | SONA BLW PRECISION FORGINGS LTD | 1.06% | Equity (Foreign) | IN |
| MFSL | MAX FINANCIAL SERVICES LTD | 1.02% | Equity (Foreign) | IN |
| RADICO | RADICO KHAITAN | 1.00% | Equity (Foreign) | IN |
| GLENMARK | GLENMARK PHARMACEUTICALS | 0.95% | Equity (Foreign) | IN |
| KEI | KEI INDUSTRIES LTD | 0.84% | Equity (Foreign) | IN |
| NAVINFLUOR | NAVIN FLUORINE INTERNATIONAL LTD | 0.83% | Equity (Foreign) | IN |
| APARINDS | APAR INDUSTRIES LTD | 0.82% | Equity (Foreign) | IN |
| IPCALAB | IPCA LABORATORIES LTD | 0.77% | Equity (Foreign) | IN |
| — | 360 ONE WAM LTD | 0.75% | Equity (Foreign) | IN |
| WELCORP | WELSPUN CORP LTD | 0.73% | Equity (Foreign) | IN |
| ATHERENERG | ATHER ENERGY LTD | 0.73% | Equity (Foreign) | IN |
| HFCL | HFCL LTD | 0.73% | Equity (Foreign) | IN |
| DELHIVERY | DELHIVERY | 0.71% | Equity (Foreign) | IN |
| REDINGTON | REDINGTON LTD | 0.64% | Equity (Foreign) | IN |
| PNBHOUSING | PNB HOUSING FINANCE LTD | 0.64% | Equity (Foreign) | IN |
| BIOCON | BIOCON | 0.63% | Equity (Foreign) | IN |
| KALYANKJIL | KALYAN JEWELLERS INDIA | 0.61% | Equity (Foreign) | IN |
| PIRAMALFIN | PIRAMAL FINANCE LTD | 0.61% | Equity (Foreign) | IN |
| BLUESTARCO | BLUE STAR LTD | 0.59% | Equity (Foreign) | IN |
| ANANDRATHI | ANAND RATHI WEALTH LTD | 0.58% | Equity (Foreign) | IN |
| UNOMINDA | UNO MINDA LTD | 0.58% | Equity (Foreign) | IN |
| SAILIFE | SAI LIFE SCIENCES | 0.57% | Equity (Foreign) | IN |
| SANSERA | SANSERA ENGINEERING | 0.54% | Equity (Foreign) | IN |
| KARURVYSYA | KARUR VYSYA BANK LTD | 0.53% | Equity (Foreign) | IN |
| KIMS | KRISHNA INSTITUTE OF MEDICAL SCIEN | 0.52% | Equity (Foreign) | IN |
| JKCEMENT | J.K. CEMENT LTD | 0.52% | Equity (Foreign) | IN |
| MANAPPURAM | MANAPPURAM FINANCE LTD | 0.51% | Equity (Foreign) | IN |
| BIRET | BROOKFIELD INDIA REAL ESTATE TRUST | 0.50% | Equity (Foreign) | IN |
| AEGISLOG | AEGIS LOGISTICS LTD | 0.50% | Equity (Foreign) | IN |
| TDPOWERSYS | TD POWER SYSTEMS LTD | 0.50% | Equity (Foreign) | IN |
| ACUTAAS | ACUTAAS CHEMICALS LTD | 0.49% | Equity (Foreign) | IN |
| CRAFTSMAN | CRAFTSMAN AUTOMATION LTD | 0.49% | Equity (Foreign) | IN |
| KIRLOSENG | KIRLOSKAR OIL ENGINES LTD | 0.48% | Equity (Foreign) | IN |
| JUBLFOOD | JUBILANT FOODWORKS LTD | 0.48% | Equity (Foreign) | IN |
| LICHSGFIN | LIC HOUSING FINANCE LTD | 0.48% | Equity (Foreign) | IN |
| ASTERDM | ASTER DM QUALITY CARE | 0.48% | Equity (Foreign) | IN |
| MTARTECH | MTAR TECHNOLOGIES | 0.47% | Equity (Foreign) | IN |
| MOTILALOFS | MOTILAL OSWAL FINANCIAL SERVICES | 0.47% | Equity (Foreign) | IN |
| KPIL | KALPATARU PROJECTS INTERNATIONAL | 0.46% | Equity (Foreign) | IN |
| BALKRISIND | BALKRISHNA INDUSTRIES LTD | 0.46% | Equity (Foreign) | IN |
| CAMS | COMPUTER AGE MANAGEMENT SERVICES | 0.46% | Equity (Foreign) | IN |
| — | MAHINDRA AND MAHINDRA FINANCIAL SE | 0.45% | Equity (Foreign) | IN |
| NEULANDLAB | NEULAND LABORATORIES | 0.45% | Equity (Foreign) | IN |
| GESHIP | GREAT EASTERN SHIPPING COMPANY | 0.45% | Equity (Foreign) | IN |
| AIAENG | AIA ENGINEERING LTD | 0.44% | Equity (Foreign) | IN |
| AJANTPHARM | AJANTA PHARMA | 0.44% | Equity (Foreign) | IN |
| ASTRAL | ASTRAL | 0.44% | Equity (Foreign) | IN |
Geographic Breakdown
Non-Equity Breakdown
iShares MSCI India Small-Cap ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$639M
· 476 total positions
· equity 96.64%
· non-equity 5.26%
Non-equity holdings
— 7 positions,
5.26% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 2.75% | $17.6M | 1 |
| Other | 2.51% | $16.0M | 5 |
| Derivative (equity) | -0.00% | $-7521 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -1.31% | -2.47% | -0.59% | 4.69% | -9.37% | -5.93% | -2.50% |
| Feb | 8.10% | -7.94% | -2.23% | -1.20% | -9.21% | -2.39% | -2.48% |
| Mar | 1.18% | 5.43% | -1.58% | -4.42% | 10.64% | -7.33% | 0.65% |
| Apr | -2.55% | -2.97% | 5.03% | 5.18% | 1.82% | 10.20% | 2.79% |
| May | 6.58% | -7.31% | 2.80% | -0.34% | 6.77% | 1.33% | 1.64% |
| Jun | 4.20% | -6.66% | 5.54% | 5.15% | 2.63% | 6.30% | 2.86% |
| Jul | 4.80% | 7.36% | 5.17% | 2.32% | -4.77% | -0.48% | 2.40% |
| Aug | 1.31% | 1.40% | 4.08% | 2.46% | -1.55% | 1.65% | 1.56% |
| Sep | 2.51% | -4.58% | -1.19% | 2.38% | -2.10% | -4.03% | -1.17% |
| Oct | -1.82% | -1.16% | -1.78% | -3.39% | 1.40% | -1.10%* | -1.31% |
| Nov | -3.01% | 3.20% | 8.50% | 0.02% | -2.09% | -- | 1.32% |
| Dec | 2.46% | -5.48% | 2.90% | -7.54% | -3.16% | -- | -2.16% |
| Total | 24.05% | -20.41% | 29.28% | 4.49% | -10.37% | -3.02% | 4.00% |
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: $68.50
SMA 50: $70.12
SMA 200: $67.60
Current: $67.03
EMA 12: $68.39
EMA 26: $68.93
MACD: -0.5386 | Signal: -0.0343
BEARISH
ADX (14): 20.58
WEAK TREND
+DI: 23.41
−DI: 36.13
Momentum Oscillators
RSI (14): 37.89
NEUTRAL
Stoch %K: 39.63
Stoch %D: 55.04
Williams %R: -82.89
Volume & Volatility
BB Upper: $70.40
BB Lower: $66.59
NEUTRAL
OBV: 141,879
Vol SMA 20: 94,779
Vol ROC: -97.69%
ATR: $0.88
True Range: $0.44
HV 20: 18.1%
HV 30: 17.6%
HV 60: 14.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report - SMIN
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 7/10)
Key Drivers: The stock has been trading within a range, with a slight upward trend in recent days. Technical indicators are mixed, while options market sentiment is bullish.
Primary Risks: Volatility and potential breakouts on the upside or downside.
Investment Thesis: SMIN's stable volatility profile and relatively low beta make it an attractive option for risk-averse investors. However, the stock's recent range-bound trading and mixed technical signals suggest caution.
Recent News Sentiment Impact: Neutral news sentiment has had a limited impact on the stock's price movement.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL
- Medium-term (1-3 months): BULLISH
- Long-term (3-12 months): BEARISH
Support/Resistance Levels:
- Lower band: $70.84
- Middle line: $71.66
- Upper band: $72.48
Momentum Signals:
- RSI interpretation: NEUTRAL (49.71)
- MACD signal: BULLISH (0.22 / Signal: -0.15 / Histogram: 0.37)
- Bollinger Bands position: NEUTRAL (signal line touch)
Volume Analysis:
- Volume SMA 20: 71894.15
- On-Balance Volume (OBV): -1370528.85
- Volume Rate of Change: 59.13%
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines from Zacks Investment Research, Seeking Alpha, and Benzinga have had a limited impact on the stock's price movement.
Sentiment Assessment: NEUTRAL (aggregate sentiment from recent news articles)
Catalyst Identification: No major catalysts identified in the recent news headlines.
Market Narrative: The market narrative is neutral, with no significant themes emerging that would influence SMIN's price movement.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to the market (beta: 0.78)
Volatility Regime: Low volatility regime
Options Market Signals:
- IV rank: 9.9% (Low)
- Put/call ratios: Bullish sentiment
- Unusual activity: None notable
Downside Protection: Support levels at $70.84 and $71.66
Market Context & Positioning
Sector Performance: SMIN is performing in line with its sector.
Institutional Activity: Institutional interest is moderate, as reflected by the volume flow and open interest metrics.
Correlation Analysis: SMIN has a low correlation coefficient (0.53) compared to the broader market.
Relative Valuation: The stock is trading within its historical range, neither undervalued nor overvalued.
Key Levels & Action Items
Critical Price Levels:
- Support: $70.84
- Resistance: $72.48
Breakout/Breakdown Levels:
- Breakout level (upper band): $72.48
- Breakdown level (lower band): $70.84
Time-Sensitive Catalysts: No significant earnings dates or events scheduled in the near future.
Risk Management: Consider a stop-loss level at $71.20, with a position sizing consideration of 1-2% exposure.
This comprehensive analysis provides an objective assessment of SMIN's technical, fundamental, and options market signals. The stock's neutral sentiment, stable volatility profile, and relatively low beta make it an attractive option for risk-averse investors. However, the recent range-bound trading and mixed technical signals suggest caution, with potential breakout or breakdown levels to monitor.
Generated
News
All SMIN news →
BenzingaT3·27mo ago
Zacks Investment ResearchT3·28mo ago
Zacks Investment ResearchT3·28mo ago
Seeking AlphaT3·28mo ago
Zacks Investment ResearchT3·29mo ago
Zacks Investment ResearchT3·29mo ago
Zacks Investment ResearchT3·30mo ago
BenzingaT3·30mo ago
Zacks Investment ResearchT3·30mo ago
Showing 1–10 of 48
Page 1 of 5
SMIN Options Activity & IV Rank
SMIN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 26.2%
7-DTE IV: —
Expected Move: $3.85
7-DTE Move: $3.85
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 129
Put Volume: 22
P/C Volume: 0.171
BULLISH
Call OI: 121
Put OI: 24
P/C OI: 0.198
Total OI: 145
ATM Options Pricing
ATM Call: $1.93
ATM Put: $1.93
Call %: 2.9%
Put %: 2.9%
Chain Summary
Chain Volume: 192
Chain OI: 214
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 45th 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
45%
vs own history
GEX tilt
+0.71
OI-weighted, today
Vanna tilt
+0.65
δ-sensitivity to IV
Charm tilt
-0.93
δ-decay vs time
Vanna tilt +0.65: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.93: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
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pts
EXTREME
ATM 25.4% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)68.0MediumOct 22
Straddle Price (30 DTE)$3.85Oct 22
Beta Analysis
Risk Metrics
Beta: 0.8549
Alpha: -22.93%
Correlation: 0.5648
R-Squared: 31.9%
Stock Volatility: 19.3%
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
SMIN 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$608.28K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $608.28K | 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
745.29K
SI % of Float
7.38%
Days to Cover
10.33
Short Vol Ratio
31.1%
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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