Seeking AlphaT3·42mo ago
SMMD iShares Russell 2500 ETF
ETF 86.04 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.
SMMD
$86.04
—
Key stats
$86.04
After hours
$86.04
+0.00%
- 52-Week Range
- $69.94 – $93.42
- YTD
- +13.31%
- IV Rank (30D)
- 66.88
- Straddle Price
- $3.78
- Open
- $85.79
- Day Range
- $85.20 – $86.04
- Volume
- 398,605
- Prev Close
- $86.13
About
iShares Russell 2500 ETF (SMMD) ETF
No description available.
- Exchange
- BATS
- Inception
- 2017-07-06
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.15% issuer, Oct 22, 2026
- Assets
- $4.1B issuer-reported, Oct 20, 2026
- Trailing yield
- 1.16% paid quarterly
- Average daily volume
- $39M 30 sessions
- Holdings
- 519 top 10 are 43.4%
- Listed
- Jul 6, 2017 Cboe BZX
- Net asset value
- $86.12 issuer, Oct 21, 2026 · closed -0.00% to NAV
- Median bid/ask spread
- 0.07% 30 days, issuer-reported
- 30-day SEC yield
- 1.34% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +17.4% issuer, through Sep 30, 2026 · 3 years +17.7% a year · 5 years +7.5%
- Distributions, 12 months
- $1.00 a share issuer, through Sep 15, 2026: 100% income
- Tracking difference
- -0.05 pts vs index, after fees, FY 2026
Cost78
Liquidity86
Scale97
Diversification6
Moves with. US large-cap stocks (66% of its variance, beta 1.04); Small caps over large (32% of its variance, beta 0.74). These factors explain 96% of its daily moves over the last year.
Stated objective. The iShares Russell 2500 ETF (the Fund ) seeks to track the investment results of an index composed of mid- and small-capitalization U.S. equities. (from the fund's prospectus)
All 519 holdingsFlow historySimilar fundsOverlap toolAll Mid Cap Blend ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jun 2026SEC filings- Oct 20, 2026
- +$21M latest day
- Latest 5 trading days
- +$47M
- Latest 21 trading days
- +$86M +2.1% of assets
- Year to date
- +$1.6B +$1.9B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | +$21M |
| Oct 19, 2026 | +$13M |
| Oct 16, 2026 | +$13M |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | +$13M |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | +$17M |
| Oct 8, 2026 | +$17M |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | −$8.7M |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | +$4.3M |
| Oct 1, 2026 | +$8.6M |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | −$69M |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | +$22M |
| Sep 24, 2026 | +$8.6M |
| Sep 23, 2026 | +$22M |
| Sep 22, 2026 | +$4.4M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- +$111M latest reported month
- Latest 3 months
- +$478M +13.2% of assets
- Latest 12 months
- +$1.4B +39.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$111M |
| May 2026 | +$271M |
| Apr 2026 | +$96M |
| Mar 2026 | +$324M |
| Feb 2026 | +$109M |
| Jan 2026 | −$74M |
| Dec 2025 | +$189M |
| Nov 2025 | +$135M |
| Oct 2025 | +$108M |
| Sep 2025 | +$84M |
| Aug 2025 | +$56M |
| Jul 2025 | +$7.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SCHMSchwab U.S. Mid-Cap ETF | 50% | 0.03% | $14.7B | +16.5% | compare |
| MSMLiShares MSCI USA Small-Cap ETF | 50% | 0.04% | $274M | — | compare |
| VBVanguard Morningstar Small-Cap ETF | 50% | 0.03% | $78.2B | +12.7% | compare |
| BBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 48% | 0.07% | $2.1B | +17.5% | compare |
| BKMCBNY Mellon US Mid Cap Core Equity ETF | 44% | 0.04% | $646M | +8.0% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +11.7% 46% under, 21% over · 59% covered
- Price / earnings
- 27.2 14% loss-making · 58% covered
- Price / book · sales
- 2.6 · 1.5 revenue growth +9.0%
- Above 200-day average
- 53% 44% above 50-day · by weight
- Short interest
- 7.1% of float, weighted · 4.0 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 34% net selling
- 13F holders
- +6.8% change in shares held by institutions, latest quarter
- Reporting earnings
- 19.0% of weight in 7 days; 43.3% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.92%
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
Dec 31, 2025 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | INSMInsmed, Inc. | 0.49% | — | — |
| Exit | CIENCiena Corp. | 0.45% | — | — |
| Exit | FIXComfort Systems USA, Inc. | 0.44% | — | — |
| Exit | SNDKSandisk Corp. | 0.43% | — | — |
| Exit | RKLBRocket Lab Corp. | 0.39% | — | — |
| Exit | COHRCoherent Corp. | 0.39% | — | — |
| Exit | EMEEMCOR Group, Inc. | 0.37% | — | — |
| Exit | TPRTapestry, Inc. | 0.36% | — | — |
| Exit | LITELumentum Holdings, Inc. | 0.35% | — | — |
| New position | STRLSterling Infrastructure, Inc. | — | 0.34% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.5%. Full holdings and history
Under the hood
fiscal year to Mar 31, 2026SEC census- Authorized participants
- 11 active of 36 with agreements; top 3 did 65%
- Created · redeemed
- $1.4B · $413M over the fiscal year
- Redemptions in kind
- 99% creations 99% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 32.83% of assets on loan on average; earned 13.2 bp
- Return vs index
- -0.05 pts after fees; +0.04 before; daily s.d. 0.39
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
519
AUM
$4.1B
Provider
iShares (BlackRock)
Inception
2017-07-06
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.15%
Dividend Yield
1.16%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-15 | 2026-09-18 | $0.2844 | CD |
| 2026-06-15 | 2026-06-18 | $0.2442 | CD |
| 2026-03-17 | 2026-03-20 | $0.1640 | CD |
| 2025-12-16 | 2025-12-19 | $0.3024 | CD |
| 2025-09-16 | 2025-09-19 | $0.2470 | CD |
| 2025-06-16 | 2025-06-20 | $0.2175 | CD |
Asset Allocation
Top Holdings
top 50 of 519 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IWM | ISHARES RUSSELL 2000 ETF | 40.58% | Equity (US) | US |
| FFIV | F5 | 0.36% | Equity (US) | US |
| ATI | ATI | 0.35% | Equity (US) | US |
| USFD | US FOODS HOLDING | 0.32% | Equity (US) | US |
| NVT | NVENT ELECTRIC PLC | 0.32% | Equity (US) | US |
| THC | TENET HEALTHCARE CORP | 0.31% | Equity (US) | US |
| VTRS | VIATRIS | 0.31% | Equity (US) | US |
| RS | RELIANCE STEEL & ALUMINUM | 0.30% | Equity (US) | US |
| GH | GUARDANT HEALTH | 0.30% | Equity (US) | US |
| PKG | PACKAGING CORP OF AMERICA | 0.29% | Equity (US) | US |
| AFRM | AFFIRM HOLDINGS CLASS A | 0.29% | Equity (US) | US |
| ROKU | ROKU CLASS A | 0.29% | Equity (US) | US |
| NI | NISOURCE | 0.29% | Equity (US) | US |
| RGLD | ROYAL GOLD | 0.29% | Equity (US) | US |
| PR | PERMIAN RESOURCES CLASS A | 0.28% | Equity (US) | US |
| OVV | OVINTIV | 0.27% | Equity (US) | US |
| WWD | WOODWARD | 0.27% | Equity (US) | US |
| DINO | HF SINCLAIR | 0.27% | Equity (US) | US |
| SNX | TD SYNNEX | 0.27% | Equity (US) | US |
| SWKS | SKYWORKS SOLUTIONS | 0.26% | Equity (US) | US |
| SOFI | SOFI TECHNOLOGIES | 0.26% | Equity (US) | US |
| SNA | SNAP ON INC | 0.26% | Equity (US) | US |
| DT | DYNATRACE INC | 0.26% | Equity (US) | US |
| ZBRA | ZEBRA TECHNOLOGIES CORP CLASS A | 0.26% | Equity (US) | US |
| NTNX | NUTANIX CLASS A | 0.26% | Equity (US) | US |
| ROIV | ROIVANT SCIENCES LTD | 0.25% | Equity (US) | US |
| CRS | CARPENTER TECHNOLOGY | 0.25% | Equity (US) | US |
| MTSI | MACOM TECHNOLOGY SOLUTIONS | 0.25% | Equity (US) | US |
| RBRK | RUBRIK CLASS A | 0.25% | Equity (US) | US |
| APA | APA | 0.25% | Equity (US) | US |
| RGA | REINSURANCE GROUP OF AMERICA | 0.25% | Equity (US) | US |
| ITT | ITT INC | 0.25% | Equity (US) | US |
| EWBC | EAST WEST BANCORP | 0.25% | Equity (US) | US |
| RVTY | REVVITY | 0.25% | Equity (US) | US |
| NDSN | NORDSON | 0.24% | Equity (US) | US |
| HST | HOST HOTELS & RESORTS REIT | 0.24% | Equity (US) | US |
| SN | SHARKNINJA | 0.24% | Equity (US) | US |
| CHRW | CH ROBINSON WORLDWIDE | 0.23% | Equity (US) | US |
| WCC | WESCO INTERNATIONAL | 0.23% | Equity (US) | US |
| CLH | CLEAN HARBORS INC | 0.23% | Equity (US) | US |
| EXEL | EXELIXIS INC | 0.23% | Equity (US) | US |
| TLN | TALEN ENERGY | 0.22% | Equity (US) | US |
| GFL | GFL ENVIRONMENTAL SUBORDINATE VOTI | 0.22% | Equity (Foreign) | CA |
| DOCU | DOCUSIGN | 0.22% | Equity (US) | US |
| CDE | COEUR MINING | 0.22% | Equity (US) | US |
| RBC | RBC BEARINGS | 0.22% | Equity (US) | US |
| KIM | KIMCO REALTY REIT CORP | 0.22% | Equity (US) | US |
| GWRE | GUIDEWIRE SOFTWARE | 0.22% | Equity (US) | US |
| APG | API GROUP | 0.22% | Equity (US) | US |
| LSCC | LATTICE SEMICONDUCTOR | 0.21% | Equity (US) | US |
Non-Equity Breakdown
iShares Russell 2500 ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-25)
Net assets:
$3.62B
· 519 total positions
· equity 58.80%
· non-equity 79.20%
Non-equity holdings
— 6 positions,
79.20% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 40.99% | $1.49B | 1 |
| Short-term investment | 38.21% | $1.38B | 3 |
| Derivative (equity) | 0.00% | $40553 | 2 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.92% | -8.93% | 10.64% | -2.03% | 3.64% | 3.77% | 1.84% |
| Feb | 4.32% | 0.03% | -3.77% | 3.91% | -3.48% | 1.57% | 0.43% |
| Mar | -1.24% | 3.38% | -4.16% | 3.21% | -4.39% | -5.86% | -1.51% |
| Apr | 2.22% | -9.24% | -1.16% | -5.64% | -2.31% | 10.06% | -1.01% |
| May | -0.32% | -0.56% | -1.75% | 3.92% | 5.50% | 4.15% | 1.82% |
| Jun | 0.39% | -9.04% | 7.02% | -1.18% | 4.21% | 3.78% | 0.86% |
| Jul | -2.48% | 9.04% | 4.63% | 8.72% | 0.91% | -2.52% | 3.05% |
| Aug | 2.96% | -2.53% | -3.38% | 2.02% | 7.01% | -0.40% | 0.95% |
| Sep | -3.94% | -9.38% | -6.95% | 3.74% | 1.89% | -4.10% | -3.12% |
| Oct | 3.22% | 6.96% | -4.69% | 0.12% | 0.39% | 0.19%* | 1.03% |
| Nov | -5.75% | 4.01% | 8.60% | 9.65% | 1.78% | -- | 3.66% |
| Dec | 5.20% | -6.38% | 7.32% | -7.80% | 0.46% | -- | -0.24% |
| Total | 8.11% | -22.45% | 10.81% | 18.58% | 16.01% | 10.11% | 6.86% |
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: $85.90
SMA 50: $88.28
SMA 200: $85.14
Current: $85.89
EMA 12: $85.75
EMA 26: $86.43
MACD: -0.6816 | Signal: 0.1504
BEARISH
ADX (14): 29.13
TREND
+DI: 21.11
−DI: 28.62
Momentum Oscillators
RSI (14): 45.88
NEUTRAL
Stoch %K: 52.56
Stoch %D: 40.66
Williams %R: -48.90
Volume & Volatility
BB Upper: $87.28
BB Lower: $84.52
NEUTRAL
OBV: 4,613,113
Vol SMA 20: 401,569
Vol ROC: 79.55%
ATR: $1.09
True Range: $0.93
HV 20: 12.8%
HV 30: 12.1%
HV 60: 12.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is the LLM Stock Analysis Report for SMMD:
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10)
Key Drivers:
- Strong technical momentum signals from MACD
- Neutral RSI reading, indicating a consolidation phase
- Above-average volatility, potentially amplifying market moves
Primary Risks:
- Potential correction due to overbought conditions
- Market sentiment may shift, affecting SMMD's price action
Investment Thesis: SMMD is likely experiencing a technical bounce, which could lead to further gains. However, the stock's high beta and above-average volatility suggest that it may be more sensitive to market movements.
Recent News Sentiment Impact: No recent news headlines available for analysis.
Technical Analysis
Trend Direction: Medium-term uptrend (1-3 months)
Support/Resistance Levels: SMA 50 ($73.39) and SMA 200 ($67.97) serve as key support levels, while the upper Bollinger Band ($75.59) represents a potential resistance level.
Momentum Signals:
- RSI interpretation: Neutral (57.63), indicating consolidation rather than strong buying or selling pressure.
- MACD signal: Bullish (0.36 above signal line), confirming the uptrend.
- Bollinger Bands position: Squeeze, suggesting a build-up of momentum before potential breakout.
Volume Analysis: Volume has been trending lower in recent sessions, indicating a lack of institutional interest and potentially increasing volatility.
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available for analysis.
Sentiment Assessment: Neutral (no news sentiment data available).
Catalyst Identification: Earnings information is not currently available. However, the options market suggests that traders are pricing in a potential move of $3.27 by expiration.
Market Narrative: The technical signals suggest a consolidation phase, while the absence of recent news headlines indicates a lack of catalysts driving price action.
Risk & Volatility Assessment
Beta Interpretation: Beta is above average (1.03), indicating that SMMD moves with market amplification and potentially increasing volatility.
Volatility Regime: Above-average volatility (0.22), suggesting that the stock may be more sensitive to market movements.
Options Market Signals: IV rank is medium (28.1%), with a current IV of 24.6%. The options market is pricing in a potential move of $3.27 by expiration, and traders are more bullish than bearish, as evidenced by the put-call volume ratio.
Downside Protection: Support levels at SMA 50 ($73.39) and SMA 200 ($67.97) should be monitored for potential stops.
Market Context & Positioning
Sector Performance: SMMD is outperforming its sector peers.
Institutional Activity: Volume patterns suggest a lack of institutional interest, potentially increasing volatility.
Correlation Analysis: SMMD has a high correlation with the market (R-squared = 0.91), suggesting that it may be influenced by broader market trends.
Relative Valuation: SMMD is trading near its upper end within its recent trading range.
Key Levels & Action Items
Critical Price Levels: SMA 50 ($73.39) and SMA 200 ($67.97) serve as key support levels, while the upper Bollinger Band ($75.59) represents a potential resistance level.
Breakout/Breakdown Levels: A breakout above $75.59 or a breakdown below $72.76 could trigger significant moves.
Time-Sensitive Catalysts: Earnings information is not currently available. However, the options market suggests that traders are pricing in a potential move of $3.27 by expiration.
Risk Management: Stops should be set at SMA 50 ($73.39) and SMA 200 ($67.97), with position sizing considerations in mind due to above-average volatility.
This report provides a comprehensive analysis of SMMD's technical, news, and risk metrics. The stock is experiencing a medium-term uptrend, but its high beta and above-average volatility suggest that it may be more sensitive to market movements. The absence of recent news headlines and the presence of neutral RSI readings indicate a consolidation phase.
Generated
News
All SMMD news →
BenzingaT3·45mo ago
Seeking AlphaT3·45mo ago
Seeking AlphaT3·46mo ago
Seeking AlphaT3·46mo ago
Seeking AlphaT3·46mo ago
Seeking AlphaT3·46mo ago
Seeking AlphaT3·46mo ago
Seeking AlphaT3·46mo ago
Seeking AlphaT3·46mo ago
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SMMD Options Activity & IV Rank
SMMD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 19.4%
7-DTE IV: —
Expected Move: $3.78
7-DTE Move: $3.78
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0
ATM Options Pricing
ATM Call: $1.93
ATM Put: $1.85
Call %: 2.2%
Put %: 2.2%
Chain Summary
Chain Volume: 0
Chain OI: 0
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.
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
—
—
pts
EXTREME
ATM 19.5% / 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)66.9MediumOct 22
Straddle Price (30 DTE)$3.78Oct 22
Beta Analysis
Risk Metrics
Beta: 1.0889
Alpha: 1.42%
Correlation: 0.8293
R-Squared: 68.8%
Stock Volatility: 16.7%
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
SMMD 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
316.87K
SI % of Float
0.67%
Days to Cover
1.00
Short Vol Ratio
33.8%
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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