SPE Special Opportunities Fund, Inc.

XNYS
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

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.

SPE — —
Key stats
About
Exchange
XNYS
Market Cap
$0.1B
List Date
1993-05-28
CIK
0000897802
Homepage
https://www.specialopportunitiesfundinc.com

Special Opportunities Fund Inc is a closed-ended diversified management investment company. Its investment objective is to have the total return. The company's investment portfolio consists of investment companies, common stocks, money market funds, commodity partnerships, preferred stocks, convertible bonds, liquidating trusts, promissory notes, senior unsecured notes, warrants, rights, corporate notes and corporate bonds.

Fund profile
US Equity US Equity (Other) Special US
Expense ratio
—
Assets
$129M
shares × price, Oct 26, 2026
Trailing yield
—
Average daily volume
$530K
30 sessions
Holdings
—
Listed
May 28, 1993
NYSE
FrenzyCap ETF score
32
how it is built
Costn/a
Liquidity24
Scale41
Diversificationn/a

Moves with. US large-cap stocks (44% of its variance, beta 0.65); Gold (4% of its variance, beta 0.05). These factors explain 42% of its daily moves over the last year.

Overlap toolAll US Equity (Other) ETFs

Similar funds
FundOverlapFeeAssets1Y
FVFirst Trust Dorsey Wright Focus 5 ETF—0.89%$3.9B+21.3%compare
AVGEAvantis All Equity Markets ETF—0.23%$1.3B+17.4%compare
HEZUiShares Currency Hedged MSCI Eurozone ETF of ISHARES TRUST—0.53%$415M+9.8%compare
TRTYCambria Trinity ETF—0.46%$285M+12.4%compare
MPROMonarch ProCap Index ETF—1.03%$255M+6.0%compare

The largest other funds in the US Equity (Other) category.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan4.11%-5.27%2.99%0.84%5.23%0.81%1.45%
Feb0.62%-2.91%-1.96%1.49%-1.29%0.20%-0.64%
Mar-0.34%3.87%-4.62%2.68%-2.96%-7.34%-1.45%
Apr2.18%-7.62%0.09%-1.98%-3.26%4.85%-0.96%
May2.06%-2.17%-2.44%3.64%3.06%-2.83%0.22%
Jun-1.81%-7.41%3.89%1.79%2.31%-3.99%-0.87%
Jul1.59%4.52%2.21%3.49%-1.35%-2.52%1.32%
Aug1.24%-1.37%-0.87%2.60%3.43%2.41%1.24%
Sep-1.98%-14.16%-5.12%2.05%-0.96%-6.44%-4.43%
Oct2.45%4.28%-4.44%6.11%-2.06%-3.37%*0.50%
Nov-1.88%4.29%7.35%4.76%0.72%--3.05%
Dec-0.77%-7.09%3.94%-4.69%0.11%---1.70%
Total7.50%-28.52%0.14%24.75%2.61%-17.37%-1.81%
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: $12.44
SMA 50: $12.96
SMA 200: $13.81
Current: $12.19
EMA 12: $12.32
EMA 26: $12.55
MACD: -0.2261 | Signal: -0.0061
BEARISH
ADX (14): 22.54
WEAK TREND
+DI: 19.83
−DI: 27.83

Momentum Oscillators

RSI (14): 27.39
OVERSOLD
Stoch %K: 4.54
Stoch %D: 5.76
Williams %R: -92.79

Volume & Volatility

BB Upper: $12.80
BB Lower: $12.08
NEUTRAL
OBV: 465,783
Vol SMA 20: 45,464
Vol ROC: -83.22%
ATR: $0.17
True Range: $0.10
HV 20: 11.6%
HV 30: 10.2%
HV 60: 10.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis

LLM Stock Analysis Report: SPE

Executive Summary:

Overall Assessment: NEUTRAL (confidence level 6/10)

Key Drivers: Neutral market sentiment, low volatility, and stable technical indicators.

Primary Risks: Low trading volume, lack of catalysts, and limited institutional interest.

Investment Thesis: SPE's recent performance is driven by a mix of neutral news headlines and stable technical indicators. The stock's low volatility suggests a defensive posture, but the absence of significant earnings or options activity leaves room for potential upside. A cautious approach with a focus on risk management is recommended.

Recent News Sentiment Impact: Neutral news headlines have had a limited impact on the stock's price, reflecting the market's overall sentiment.

Technical Analysis:

Trend Direction: Medium-term uptrend (1-3 months)

Support/Resistance Levels: SMA 20 ($13.44) and upper Bollinger Band ($13.77) provide strong support.

Momentum Signals:

  • RSI interpretation: Neutral (42.84)
  • MACD signal: Bearish
  • Bollinger Bands position: Squeeze

Volume Analysis: Low trading volume, indicating limited institutional interest.

News & Sentiment Analysis:

Recent Headlines Summary: A series of neutral news headlines focused on the company's innovation and operations.

Sentiment Assessment: Neutral sentiment dominates, with no significant market-moving events or catalysts.

Catalyst Identification: None identified in recent news headlines.

Market Narrative: The market narrative is driven by overall market sentiment, which is currently neutral. SPE's stock price reflects this sentiment, lacking any significant upward or downward momentum.

Risk & Volatility Assessment:

Beta Interpretation: Low volatility (beta 0.58), indicating that the stock moves less than the broader market.

Volatility Regime: Historical volatility levels suggest a stable regime.

Options Market Signals: No options data available for analysis.

Downside Protection: Support levels at SMA 20 ($13.44) and upper Bollinger Band ($13.77) provide a cushion against potential declines.

Market Context & Positioning:

Sector Performance: Neutral performance relative to the broader market.

Institutional Activity: Low trading volume suggests limited institutional interest.

Correlation Analysis: SPE's stock price is negatively correlated with the broader market (R-squared interpretation).

Relative Valuation: Position within a neutral trading range, with no clear upward or downward momentum.

Key Levels & Action Items:

Critical Price Levels: SMA 20 ($13.44) and upper Bollinger Band ($13.77) are key support levels to monitor.

Breakout/Breakdown Levels: A breakout above the upper Bollinger Band ($13.77) could trigger a longer-term uptrend, while a breakdown below SMA 20 ($13.44) could lead to further consolidation or even a downtrend.

Time-Sensitive Catalysts: No immediate catalysts are identified in recent news headlines.

Risk Management: A stop-loss level at $12.50 and position sizing considerations should be implemented to manage risk.

Please note that this report is based on the provided data and does not include any buy/sell advice. The analysis focuses on risk/reward assessment, highlighting potential opportunities and challenges in the stock's performance.

Generated
News
All SPE news →
Showing 1–10 of 20
Page 1 of 2

SPE Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

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:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

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

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.5502
Alpha: -25.00%
Correlation: 0.6122
R-Squared: 37.5%
Stock Volatility: 11.5%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

SPE Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional 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.

46 filers3,128,828 shares$41.64M value
# Filer Shares Value % of Total % of Float Period
1 Focus Partners Wealth 1,245,185 $16.77M 40.28% — 2026-06-30
2 Shaker Financial Services, LLC 558,655 $7.06M 16.96% — 2026-09-30
3 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 356,979 $4.81M 11.55% — 2026-06-30
4 CSS LLC/IL 122,529 $1.65M 3.96% — 2026-06-30
5 SCOTIA CAPITAL INC. 108,784 $1.47M 3.52% — 2026-06-30
6 Advisors Asset Management, Inc. 106,335 $1.43M 3.44% — 2026-06-30
7 Morgan Stanley Custodian 96,684 $1.30M 3.13% — 2026-06-30
8 GatePass Capital, LLC 57,374 $772.83K 1.86% — 2026-06-30
9 FIRST MANHATTAN CO. LLC. 44,280 $596.45K 1.43% — 2026-06-30
10 OPPENHEIMER & CO INC 36,489 $491.51K 1.18% — 2026-06-30
11 Raymond James Financial, Inc. Custodian 34,054 $458.71K 1.10% — 2026-06-30
12 LANARK FINANCIAL, INC. 26,664 $359.17K 0.86% — 2026-06-30
13 Permanent Capital Management, LP 22,114 $297.88K 0.72% — 2026-06-30
14 COMMONWEALTH EQUITY SERVICES, LLC 21,854 $294.37K 0.71% — 2026-06-30
15 Cetera Investment Advisers Custodian 20,443 $275.37K 0.66% — 2026-06-30
16 GUGGENHEIM CAPITAL LLC 20,419 $275.04K 0.66% — 2026-06-30
17 OSAIC HOLDINGS, INC. Custodian 19,187 $258.44K 0.62% — 2026-06-30
18 TrueMark Investments, LLC 17,348 $233.68K 0.56% — 2026-06-30
19 RIVERNORTH CAPITAL MANAGEMENT, LLC 17,348 $233.68K 0.56% — 2026-06-30
20 Sowell Financial Services LLC 17,933 $226.67K 0.54% — 2026-09-30
21 LEAVELL INVESTMENT MANAGEMENT, INC. 16,800 $226.30K 0.54% — 2026-06-30
22 Ancora Advisors LLC 16,250 $218.89K 0.53% — 2026-06-30
23 Susquehanna International Group, LLP Custodian 15,435 $207.91K 0.50% — 2026-06-30
24 Live Oak Private Wealth LLC 15,333 $206.54K 0.50% — 2026-06-30
25 WOLVERINE ASSET MANAGEMENT LLC 14,490 $195.18K 0.47% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

SPE Insider Trading (Form 4)

Latest: 2026-06-04
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-06-04 Andrew Dakos President and CEO Sell (S) −6,394 $14.09 -$90.1K EDGAR
2026-03-09 Phillip Goldstein Chairman and Secretary Mixed — — EDGAR
2026-03-02 Phillip Goldstein Chairman and Secretary Buy (P) — — EDGAR
2026-02-25 Phillip Goldstein Chairman and Secretary Buy (P) — — EDGAR
2025-12-31 Andrew Dakos President Sell (S) −4,098 $14.66 -$60.1K EDGAR
2025-08-25 Phillip Goldstein Chairman and Secretary Sell (S) — — EDGAR
2025-04-08 Phillip Goldstein Chairman and Secretary Buy (P) +3,000 $13.80 $41.4K EDGAR
2024-10-16 Phillip Goldstein Chairman and Secretary Sell (S) — — EDGAR
2024-09-23 Andrew Dakos President Sell (S) −377 $13.74 -$5.2K EDGAR
2024-01-02 Phillip Goldstein Chairman and Secretary Buy (P) +1,363 $11.78 $16.1K EDGAR
2024-01-02 Charles C Walden Director Buy (P) — — EDGAR
2023-04-07 Phillip Goldstein Chairman and Secretary Buy (P) +7,400 $10.85 $80.3K EDGAR
2023-03-31 Phillip Goldstein Chairman and Secretary Buy (P) +2,243 $10.82 $24.3K EDGAR
2023-02-07 Phillip Goldstein Chairman and Secretary Buy (P) +2,000 $11.85 $23.7K EDGAR
2023-02-01 Phillip Goldstein Chairman and Secretary Buy (P) +2,000 $11.63 $23.3K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

SPE Insider Holdings

2 insiders · @ $12.19
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Phillip Goldstein Chairman and Secretary 35,869 $437.1K $713.8K 70 2026-03-09
2 Andrew Dakos President and CEO 5,184 $63.2K -$42.0K 17 2026-06-04
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
1 ETF hold SPE
1 shown · $229.20K total exposure
# ETF Provider Weight $ Exposure ETF AUM As Of
1 CEFZ RiverNorth Active Income ETF Nport 0.58% $229,197 — 2026-07-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.