The Motley FoolT3·5mo ago
SPEM State Street SPDR Portfolio Emerging Markets ETF
ETF 50.84 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.
SPEM
$50.84
—
Key stats
$50.84
Pre-market
$50.13
-1.42%
- 52-Week Range
- $45.28 – $53.54
- YTD
- +6.38%
- IV Rank (30D)
- 100.0
- Straddle Price
- $0.00
- P/C Vol Ratio
- 0.00
- Open
- $50.93
- Day Range
- $50.63 – $50.94
- Volume
- 1,474,248
- Prev Close
- $50.91
About
State Street SPDR Portfolio Emerging Markets ETF (SPEM) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2007-03-19
- Has Options
- Yes
- Homepage
- https://www.ssga.com/us/en/individual/etfs
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jun 2026flows, SEC filings
International Equity
Emerging Markets#5 of 109 by assets
State Street SPDR
Emerging Markets
Index-tracking
- Expense ratio
- 0.07% issuer, Oct 21, 2026
- Assets
- $16.9B issuer-reported, Oct 19, 2026
- Trailing yield
- 2.55% paid semi-annual
- Average daily volume
- $85M 30 sessions
- Holdings
- 2,767 top 10 are 25.7%
- Listed
- Mar 20, 2007 NYSE Arca
- Last fee change
- -4 bp filed Aug 1, 2023
- Net asset value
- $50.78 issuer, Oct 19, 2026 · closed -0.21% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 2.14% issuer
- Tracking difference
- +0.79 pts vs index, after fees, FY 2025
Cost97
Liquidity98
Scale100
Diversification72
Moves with. US large-cap stocks (51% of its variance, beta 0.86); Emerging markets over US (38% of its variance, beta 0.50). These factors explain 92% of its daily moves over the last year.
Stated objective. The State Street SPDR Portfolio Emerging Markets ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index based upon the emerging markets of the world. (from the fund's prospectus)
All 2,767 holdingsFlow historySimilar fundsOverlap toolAll Emerging Markets ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jun 2026SEC filings- Oct 20, 2026
- $0 latest day
- Latest 5 trading days
- −$31M
- Latest 21 trading days
- −$261M −1.6% of assets
- Year to date
- +$144M +$1.2B 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 | −$31M |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | −$147M |
| Oct 9, 2026 | −$73M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | −$10M |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
| 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.
- Jun 2026
- −$277M latest reported month
- Latest 3 months
- −$277M −1.6% of assets
- Latest 12 months
- +$2.3B +13.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$277M |
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | −$33M |
| Feb 2026 | +$480M |
| Jan 2026 | +$225M |
| Dec 2025 | +$178M |
| Nov 2025 | +$764M |
| Oct 2025 | +$91M |
| Sep 2025 | +$533M |
| Aug 2025 | +$213M |
| Jul 2025 | +$177M |
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 | |
|---|---|---|---|---|---|
| VWOVanguard FTSE Emerging Markets ETF | 71% | 0.06% | $123.1B | +7.1% | compare |
| SCHESchwab Emerging Markets Equity ETF | 69% | 0.06% | $12.6B | +7.0% | compare |
| EEMiShares MSCI Emerging Markets ETF | 66% | 0.72% | $29.4B | +16.9% | compare |
| EEMXState Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 65% | 0.30% | $175M | +17.0% | compare |
| IEMGiShares Core MSCI Emerging Markets ETF | 65% | 0.09% | $152.4B | +15.6% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 3% net selling
- Reporting earnings
- 1.6% of weight in 7 days; 2.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.20%
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
Oct 16, 2026 → Oct 19, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | AXICYAXIA ENERGIA ADR PREF C | 0.02% | 0.02% | −15.7% |
0 new, 0 exited, 0 increased and 1 decreased between the fund's two latest holdings reports; turnover 0.6%. Full holdings and history
Under the hood
fiscal year to Sep 30, 2025SEC census- Authorized participants
- 5 active of 41 with agreements; top 3 did 98%
- Created · redeemed
- $2.7B · $0 over the fiscal year
- Redemptions in kind
- 0% creations 22% in kind
- Creation unit
- 100,000 shares
- Securities lending
- 6.98% of assets on loan on average; earned 9.5 bp
- Return vs index
- +0.79 pts after fees; +0.91 before; daily s.d. 4.36
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
2767
AUM
$16.8B
Provider
SPDR (State Street)
Inception
2007-03-20
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.07%
Dividend Yield
2.56%
Distribution
Semi-Annually
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-22 | 2026-06-26 | $0.5277 | CD |
| 2025-12-22 | 2025-12-29 | $0.7716 | CD |
| 2025-06-23 | 2025-06-27 | $0.5267 | CD |
| 2024-12-23 | 2024-12-30 | $0.6163 | CD |
| 2024-06-24 | 2024-06-28 | $0.4514 | CD |
| 2023-12-18 | 2023-12-27 | $0.5469 | CD |
Asset Allocation
Top Holdings
top 50 of 2767 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MANUFAC | 14.22% | Equity (Foreign) | TW |
| — | TENCENT HOLDINGS LTD | 2.59% | Equity (Foreign) | — |
| — | ALIBABA GROUP HOLDING LTD | 2.08% | Equity (Foreign) | — |
| — | MEDIATEK INC | 1.66% | Equity (Foreign) | TW |
| — | CHINA CONSTRUCTION BANK H | 1.00% | Equity (Foreign) | CN |
| — | HON HAI PRECISION INDUSTRY | 0.85% | Equity (Foreign) | TW |
| — | DELTA ELECTRONICS INC | 0.84% | Equity (Foreign) | TW |
| HDFCB | HDFC BANK LIMITED | 0.75% | Equity (Foreign) | IN |
| RIGD | RELIANCE INDS SPONS GDR 144A | 0.75% | Equity (Foreign) | IN |
| IBN | ICICI BANK LTD SPON ADR | 0.74% | Equity (Foreign) | IN |
| — | ASE TECHNOLOGY HOLDING CO LT | 0.69% | Equity (Foreign) | — |
| — | IND + COMM BK OF CHINA H | 0.59% | Equity (Foreign) | — |
| — | CTBC FINANCIAL HOLDING CO LT | 0.55% | Equity (Foreign) | — |
| BHARTI | BHARTI AIRTEL LTD | 0.55% | Equity (Foreign) | IN |
| — | BANK OF CHINA LTD H | 0.52% | Equity (Foreign) | CN |
| PDD | PDD HOLDINGS INC | 0.50% | Equity (Foreign) | IE |
| — | XIAOMI CORP CLASS B | 0.49% | Equity (Foreign) | — |
| — | FUBON FINANCIAL HOLDING CO | 0.46% | Equity (Foreign) | TW |
| — | NAN YA PLASTICS CORP | 0.46% | Equity (Foreign) | TW |
| NU | NU HOLDINGS LTD/CAYMAN ISL A | 0.46% | Equity (Foreign) | BR |
| ITUB | ITAU UNIBANCO H SPON PRF ADR | 0.45% | Equity (Foreign) | BR |
| UMC | UNITED MICROELECTRON SP ADR | 0.44% | Equity (Foreign) | TW |
| — | AL RAJHI BANK | 0.42% | Equity (Foreign) | SA |
| — | UNIMICRON TECHNOLOGY CORP | 0.41% | Equity (Foreign) | TW |
| — | NETEASE INC | 0.41% | Equity (Foreign) | — |
| PBR.A | PETROLEO BRASIL SP PREF ADR | 0.41% | Equity (Foreign) | BR |
| INFY | INFOSYS LTD SP ADR | 0.41% | Equity (Foreign) | IN |
| — | MEITUAN CLASS B | 0.41% | Equity (Foreign) | — |
| — | GRUPO MEXICO SAB DE CV SER B | 0.38% | Equity (Foreign) | MX |
| PBR | PETROLEO BRASILEIRO SPON ADR | 0.38% | Equity (Foreign) | BR |
| — | ELITE MATERIAL CO LTD | 0.37% | Equity (Foreign) | TW |
| — | PING AN INSURANCE GROUP CO H | 0.36% | Equity (Foreign) | CN |
| — | CATHAY FINANCIAL HOLDING CO | 0.35% | Equity (Foreign) | TW |
| VALE | VALE SA SP ADR | 0.33% | Equity (Foreign) | BR |
| NPN | NASPERS LTD N SHS | 0.33% | Equity (Foreign) | ZA |
| — | SINOPAC FINANCIAL HOLDINGS | 0.32% | Equity (Foreign) | TW |
| — | JD.COM INC CLASS A | 0.31% | Equity (Foreign) | — |
| AXSB | AXIS BANK LTD | 0.31% | Equity (Foreign) | IN |
| — | DELTA ELECTRONICS THAI FORGN | 0.30% | Equity (Foreign) | — |
| GFI | GOLD FIELDS LTD | 0.30% | Equity (Foreign) | ZA |
| BAF | BAJAJ FINANCE LTD | 0.28% | Equity (Foreign) | IN |
| — | SAUDI ARABIAN OIL CO | 0.28% | Equity (Foreign) | SA |
| — | BYD CO LTD H | 0.28% | Equity (Foreign) | CN |
| — | TS FINANCIAL HOLDING CO LTD | 0.27% | Equity (Foreign) | TW |
| OTP | OTP BANK PLC | 0.27% | Equity (Foreign) | HU |
| PKO | PKO BANK POLSKI SA | 0.27% | Equity (Foreign) | PL |
| — | ZIJIN MINING GROUP CO LTD H | 0.27% | Equity (Foreign) | CN |
| BAP | CREDICORP LTD | 0.26% | Equity (Foreign) | PE |
| TCS | TATA CONSULTANCY SVCS LTD | 0.26% | Equity (Foreign) | IN |
| — | HUA NAN FINANCIAL HOLDINGS C | 0.26% | Equity (Foreign) | TW |
Geographic Breakdown
Non-Equity Breakdown
State Street(R) SPDR(R) Portfolio Emerging Markets ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$17.31B
· 2978 total positions
· equity 100.02%
· non-equity 1.80%
Non-equity holdings
— 20 positions,
1.80% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.65% | $286.3M | 3 |
| Other | 0.13% | $22.7M | 1 |
| Derivative (equity) | 0.02% | $2.7M | 16 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.10% | 0.05% | 6.72% | -2.46% | 1.31% | 2.95% | 1.78% |
| Feb | -0.83% | -5.03% | -7.37% | 3.09% | 0.99% | 2.10% | -1.18% |
| Mar | -3.23% | -1.55% | 0.44% | 0.95% | 2.15% | -5.78% | -1.17% |
| Apr | 0.57% | -7.80% | -0.55% | 0.39% | -0.35% | 8.86% | 0.19% |
| May | 2.12% | 0.80% | -2.44% | 2.22% | 3.62% | 2.09% | 1.40% |
| Jun | -1.52% | -4.24% | 1.87% | 0.03% | 3.79% | -1.82% | -0.32% |
| Jul | -5.35% | -0.06% | 4.81% | 1.03% | 0.37% | -0.89% | -0.02% |
| Aug | 1.62% | 0.26% | -4.27% | 2.93% | 3.69% | 2.86% | 1.18% |
| Sep | -4.08% | -9.32% | -3.20% | 8.60% | 5.59% | -1.75% | -0.69% |
| Oct | 1.32% | -3.91% | -2.93% | -3.50% | 1.02% | -1.26%* | -1.54% |
| Nov | -4.27% | 11.87% | 6.42% | -2.11% | -1.34% | -- | 2.11% |
| Dec | -0.41% | -3.91% | 1.20% | -3.20% | -0.45% | -- | -1.35% |
| Total | -11.68% | -21.87% | -0.36% | 7.60% | 22.12% | 6.87% | 0.45% |
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: $51.79
SMA 50: $52.21
SMA 200: $50.71
Current: $50.85
EMA 12: $51.39
EMA 26: $51.77
MACD: -0.3751 | Signal: -0.1480
BEARISH
ADX (14): 19.09
RANGE
+DI: 18.21
−DI: 38.26
Momentum Oscillators
RSI (14): 39.40
NEUTRAL
Stoch %K: 11.86
Stoch %D: 10.67
Williams %R: -85.52
Volume & Volatility
BB Upper: $53.08
BB Lower: $50.51
NEUTRAL
OBV: 48,880,301
Vol SMA 20: 1,781,052
Vol ROC: -25.42%
ATR: $0.54
True Range: $0.30
HV 20: 13.4%
HV 30: 15.0%
HV 60: 13.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
SPEM Stock Analysis Report
State Street SPDR Portfolio Emerging Markets ETF
Executive Summary
Overall Assessment: BEARISH | Confidence: 6/10
Investment Thesis: SPEM is a low-cost emerging markets ETF ($0.07% expense ratio, 98th percentile cheaper than peers) with $17.0B AUM and broad diversification across 2,768 holdings. However, the fund faces near-term technical headwinds with the price trading below all key moving averages, MACD in bearish territory, and deteriorating momentum. Recent positive news sentiment about emerging markets opportunities conflicts with technical weakness, creating a risk/reward mismatch. The fund's concentration in Taiwan semiconductors (14.4%) and Chinese tech names exposes it to sector-specific volatility.
Key Drivers:
- Negative: Technical breakdown below 20/50/200-day SMAs; bearish MACD histogram; RSI in neutral zone with stochastic readings near extremes (12.91); volume declining sharply (-81.21%)
- Positive: Positive news narrative on emerging markets positioning; extremely low expense ratio; reasonable 2.56% yield; strong 12-month inflows (+$.3B, +13.6% of AUM)
Primary Risks:
- Taiwan semiconductor concentration (14.4%) exposed to geopolitical/tech sector risks
- Elevated implied volatility (34.5% premium to realized) suggests options market pricing in uncertainty
- Recent redemptions through June 2026 (-$277M monthly)
- ADX=16.47 indicates ranging market with weak directional conviction
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH
- Price at $50.78 trades below SMA 20 ($52.01), SMA 50 ($52.27), creating a downtrend setup
- Distance from 20-day MA: -2.4% (negative divergence)
- EMA 12 ($51.61) above EMA 26 ($51.92) = bearish crossover signal
Medium-term (1-3 months): NEUTRAL-TO-BEARISH
- Price near SMA 200 ($50.68), only +0.19% above the long-term support
- Range-bound trading regime (ADX 16.47 = weak trend strength)
- Position within Bollinger Bands (Lower $50.70, Middle $52.01, Upper $53.31) shows price in lower half, approaching oversold territory
Long-term (3-12 months): NEUTRAL
- Fund flows remain positive YTD (+2.3B over 12 months), suggesting institutional conviction
- Support at 200-day MA ($50.68) provides macro-level backstop
- No clear directional bias above this level
Support/Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|--------------| | $50.68 | Support | -0.19% | 200-day SMA; critical support | | $50.70 | Support | -0.16% | Lower Bollinger Band | | $52.01 | Resistance | +2.4% | 20-day SMA; near-term ceiling | | $52.27 | Resistance | +2.9% | 50-day SMA; intermediate resistance | | $53.31 | Resistance | +5.0% | Upper Bollinger Band; technical ceiling |
Key Technical Pattern: The fund is testing the 200-day MA from below—a critical juncture. A close below $50.68 would signal a break of long-term support and could cascade to lower levels.
Momentum Signals
RSI (38.12) - Neutral with Downside Bias
- Reading of 38.12 falls in neutral zone (30-70 range) but skews toward oversold territory
- Not yet at <30 (oversold) but approaching weakness threshold
- Suggests room for further downside before technical bounce expected
Stochastic Oscillators - Extreme Weakness
- %K at 12.91 and %D at 19.16 = deeply oversold condition
- Williams %R at -91.25 = extreme downward pressure
- Historically, readings this low often precede sharp reversals, but timing is unreliable
- Signal Conflict: Extreme oversold readings typically precede bounces, yet price momentum remains negative
MACD - Bearish Configuration
- MACD: -0.31 | Signal: -0.16 | Histogram: -0.15 (negative)
- Bearish crossover already in place (MACD below signal line)
- Histogram remains negative, indicating bearish momentum hasn't reversed
- No bullish crossover signal visible yet
Bollinger Bands - Neutral Squeeze
- Width: 5.01 (moderate, not extreme compression)
- Price in lower-middle zone of bands
- Band squeeze could resolve either direction; current momentum favors downside
Volume Analysis
Critical Finding: Severe Volume Deterioration
- Volume Rate of Change: -81.21% — dramatic collapse in trading activity
- 20-day Volume SMA: 1.68M shares; current volume significantly tracking below this
- On-Balance Volume: 48.75M (absolute level; no clear trend without historical comparison)
Interpretation: The 81% decline in volume is a major red flag. This suggests:
- Reduced institutional conviction — large holders not accumulating at these prices
- Low liquidity environment — bid-ask spreads may widen on market stress
- Potential capitulation setup — extreme volume drops often precede reversals, but fund must first find support
The volume collapse contradicts the positive 12-month fund flow narrative, suggesting recent inflows have stalled or reversed in the current period (through June 2026).
News & Sentiment Analysis
Recent Headlines Summary
Positive Narratives (4 articles):
- SPEM as strategic allocation (Motley Fool, 2026-04-30): Positions fund as compelling opportunity to access 3,000 holdings across China, India, Brazil, South Africa, Mexico for patient investors
- International ETF review (Motley Fool, 2026-04-09): Included in curated list of 9 international ETFs for diversification beyond U.S.
- BRICS outpacing G7 (Benzinga, 2025-11-18): Macro narrative of economic rebalancing toward emerging markets
Neutral/Contextual Articles (3):
- Iran ceasefire impact on global valuations (2026-04-19)
- General emerging market opportunities discussion (2024-04-04)
- Asian market performance commentary (2024-01-02)
Sentiment Assessment
Aggregate News Sentiment: POSITIVE | Data Quality: MODERATE
Observations:
- All recent headlines frame emerging markets positively or neutrally
- No negative news about SPEM specifically, holdings, or sector headwinds
- Articles emphasize patient investor positioning and BRICS outperformance narrative
- Most recent positive coverage is very recent (2026-04-30), aligned with timing of price weakness
Critical Signal Conflict
⚠️ NEWS-TECHNICAL DIVERGENCE: Positive news sentiment (emerging markets as attractive long-term allocation) conflicts sharply with technical breakdown (price below all MAs, volume collapse, bearish MACD). This suggests:
- News is discussing fundamental case for emerging markets (macro/structural)
- Technical action reflects near-term positioning shift (short-term traders/flows exiting)
- Potential setup for mean reversion if macro narrative holds
Catalyst Identification
Immediate (1-7 days):
- Options market pricing $2.35 expected move (32 DTE), suggesting no major catalyst this week
- No earnings for ETF itself; 1% of holdings reporting earnings within 7 days = minimal near-term impact
Near-term (1-4 weeks):
- Taiwan semiconductor sector concentration (14.4%) exposed to Taiwan tensions, Fed policy, China tech regulation updates
- Chinese tech holdings (Tencent 2.6%, Alibaba 2.1%, MediaTek 1.7%) sensitive to Beijing regulatory announcements
- U.S. Fed policy decisions could drive emerging market capital flows
Medium-term (1-3 months):
- Q2/Q3 earnings season for major index components (Indian banks like HDFC 0.8%, Chinese banks like CCB 1.0%)
- Continued geopolit
Generated
News
All SPEM news →
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Showing 1–10 of 50
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SPEM Options Activity & IV Rank
SPEM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 50.5%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 3
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 2
Put OI: 0
P/C OI: —
Total OI: 2
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 36
Chain OI: 17
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 98th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
98%
vs own history
GEX tilt
+0.90
OI-weighted, today
Vanna tilt
+0.85
δ-sensitivity to IV
Charm tilt
+0.39
δ-decay vs time
Vanna tilt +0.85: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.39: 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
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 17.6% / 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
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)100.0HighOct 21
Straddle Price (30 DTE)$0.00Oct 21
Beta Analysis
Risk Metrics
Beta: 1.1209
Alpha: -7.83%
Correlation: 0.8121
R-Squared: 65.9%
Stock Volatility: 17.5%
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
SPEM 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 |
|---|
1 filers$460.84K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $460.84K | 100.00% | 2026-06-30 |
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
759.85K
SI % of Float
0.23%
Days to Cover
1.00
Short Vol Ratio
55.7%
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 |
|---|