Seeking AlphaT3·30mo ago
SPYI NEOS S&P 500 High Income ETF
ETF 53.41 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.
SPYI
$53.41
—
Key stats
$53.41
Pre-market
$53.04
-0.69%
- 52-Week Range
- $47.77 – $54.47
- YTD
- +1.56%
- IV Rank (30D)
- 10.52
- Straddle Price
- $1.38
- P/C Vol Ratio
- 0.82
- Open
- $53.31
- Day Range
- $53.15 – $53.47
- Volume
- 2,542,858
- Prev Close
- $53.70
About
NEOS S&P 500 High Income ETF (SPYI) ETF
No description available.
- Exchange
- BATS
- Inception
- 2022-08-29
- Has Options
- Yes
Fund profile
holdings as of Oct 13, 2026third-party datathrough Jun 2026flows, SEC filings
Sells options for income. Distributions can exceed what the strategy earns, in which case part of the payout is the fund's own capital. Compare the distribution rate with the price change in the ETF lab.
- Expense ratio
- 0.68% prospectus, filed Apr 30, 2026
- Assets
- $10.4B SEC filing, Jun 30, 2026
- Trailing yield
- 11.81% paid monthly
- Average daily volume
- $156M 30 sessions
- Holdings
- 511 top 10 are 39.2%
- Listed
- Aug 29, 2022 Cboe BZX
Cost71
Liquidity100
Scale100
Diversification72
Moves with. US large-cap stocks (92% of its variance, beta 0.85). These factors explain 88% of its daily moves over the last year.
Stated objective. The NEOS S&P 500 High Income ETF (the Fund) seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation in rising markets. (from the fund's prospectus)
All 511 holdingsFlow historySimilar fundsOverlap toolAll Covered Call ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$473M latest reported month
- Latest 3 months
- +$1.6B +15.8% of assets
- Latest 12 months
- +$5.9B +57.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$473M |
| May 2026 | +$601M |
| Apr 2026 | +$570M |
| Mar 2026 | +$499M |
| Feb 2026 | +$612M |
| Jan 2026 | +$629M |
| Dec 2025 | +$606M |
| Nov 2025 | +$391M |
| Oct 2025 | +$333M |
| Sep 2025 | +$449M |
| Aug 2025 | +$379M |
| Jul 2025 | +$392M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 49 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| PBPInvesco S and P 500 BuyWrite ETF | 98% | 0.29% | $389M | +3.4% | compare |
| VOOVanguard S&P 500 ETF | 98% | 0.03% | $1.04T | +15.7% | compare |
| XYLDGlobal X S&P 500 Covered Call ETF | 97% | 0.60% | $3.4B | +4.1% | compare |
| PTLCPacer Trendpilot US Large Cap ETF | 97% | 0.60% | $3.3B | +9.9% | compare |
| SPYState Street SPDR S&P 500 ETF Trust | 97% | 0.10% | $816.6B | +15.8% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 13, 2026third-party data- Holdings vs fair value
- +2.3% 26% under, 20% over · 100% covered
- Price / earnings
- 25.7 2% loss-making · 100% covered
- Price / book · sales
- 5.3 · 3.6 revenue growth +14.4%
- Above 200-day average
- 68% 53% above 50-day · by weight
- Short interest
- 2.0% of float, weighted · 2.8 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 69% net selling
- 13F holders
- +2.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 32.2% of weight in 7 days; 63.9% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.90%
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
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | MRVLMarvell Technology Inc | — | 0.19% | — |
| Decrease | HONHoneywell International Inc | 0.26% | 0.11% | −50.1% |
| New position | HONAHoneywell Aerospace Inc | — | 0.11% | — |
| Increase | VRTVertiv Holdings Co | 0.10% | 0.20% | +76.4% |
| Increase | COHRCoherent Corp | 0.05% | 0.11% | +66.6% |
| New position | Carnival Corp Ltd | — | 0.06% | — |
| Exit | CCLCarnival Corp | 0.06% | — | — |
| Exit | CTRACoterra Energy Inc | 0.06% | — | — |
| New position | CASYCasey's General Stores Inc | — | 0.04% | — |
| Increase | LITELumentum Holdings Inc | 0.05% | 0.09% | +73.2% |
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 5 active of 9 with agreements; top 3 did 99%
- Created · redeemed
- $4.4B · $311M over the fiscal year
- Redemptions in kind
- 86% creations 95% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
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 2026-06-30
Holdings
510
AUM
$10.4B
Provider
Nport
Inception
2022-08-29
Exchange
BATS
Data As Of
2026-06-30
Expense Ratio
0.68%
Dividend Yield
12.82%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-21 | 2026-10-23 | $0.5087 | CD |
| 2026-09-16 | 2026-09-18 | $0.5338 | CD |
| 2026-08-19 | 2026-08-21 | $0.5423 | CD |
| 2026-07-22 | 2026-07-24 | $0.5300 | CD |
| 2026-06-16 | 2026-06-18 | $0.5310 | CD |
| 2026-05-20 | 2026-05-22 | $0.5353 | CD |
Asset Allocation
Top Holdings
top 50 of 510 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA Corp | 7.54% | Equity (common) | US |
| AAPL | Apple Inc | 6.56% | Equity (common) | US |
| MSFT | Microsoft Corp | 4.30% | Equity (common) | US |
| AMZN | Amazon.com Inc | 3.63% | Equity (common) | US |
| GOOGL | Alphabet Inc | 3.27% | Equity (common) | US |
| AVGO | Broadcom Inc | 2.78% | Equity (common) | US |
| GOOG | Alphabet Inc | 2.60% | Equity (common) | US |
| MU | Micron Technology Inc | 1.98% | Equity (common) | US |
| META | Meta Platforms Inc | 1.91% | Equity (common) | US |
| TSLA | Tesla Inc | 1.84% | Equity (common) | US |
| LLY | Eli Lilly & Co | 1.46% | Equity (common) | US |
| AMD | Advanced Micro Devices Inc | 1.46% | Equity (common) | US |
| BRK.B | Berkshire Hathaway Inc | 1.42% | Equity (common) | US |
| JPM | JPMorgan Chase & Co | 1.36% | Equity (common) | US |
| INTC | Intel Corp | 1.01% | Equity (common) | US |
| JNJ | Johnson & Johnson | 0.95% | Equity (common) | US |
| V | Visa Inc | 0.89% | Equity (common) | US |
| XOM | Exxon Mobil Corp | 0.89% | Equity (common) | US |
| AMAT | Applied Materials Inc | 0.88% | Equity (common) | US |
| LRCX | Lam Research Corp | 0.83% | Equity (common) | US |
| WMT | Walmart Inc | 0.77% | Equity (common) | US |
| CAT | Caterpillar Inc | 0.76% | Equity (common) | US |
| CSCO | Cisco Systems Inc | 0.72% | Equity (common) | US |
| ABBV | AbbVie Inc | 0.69% | Equity (common) | US |
| MA | Mastercard Inc | 0.65% | Equity (common) | US |
| COST | Costco Wholesale Corp | 0.64% | Equity (common) | US |
| GE | General Electric Co | 0.61% | Equity (common) | US |
| KLAC | KLA Corp | 0.61% | Equity (common) | US |
| BAC | Bank of America Corp | 0.58% | Equity (common) | US |
| UNH | UnitedHealth Group Inc | 0.58% | Equity (common) | US |
| HD | Home Depot Inc/The | 0.54% | Equity (common) | US |
| — | First American Treasury Obliga | 0.54% | Short-term investment | US |
| PG | Procter & Gamble Co/The | 0.53% | Equity (common) | US |
| SNDK | Sandisk Corp | 0.51% | Equity (common) | US |
| MRK | Merck & Co Inc | 0.49% | Equity (common) | US |
| KO | Coca-Cola Co/The | 0.49% | Equity (common) | US |
| GEV | GE Vernova Inc | 0.48% | Equity (common) | US |
| CVX | Chevron Corp | 0.48% | Equity (common) | US |
| NFLX | Netflix Inc | 0.47% | Equity (common) | US |
| GS | Goldman Sachs Group Inc/The | 0.47% | Equity (common) | US |
| PM | Philip Morris International In | 0.44% | Equity (common) | US |
| PANW | Palo Alto Networks Inc | 0.43% | Equity (common) | US |
| TXN | Texas Instruments Inc | 0.42% | Equity (common) | US |
| PLTR | Palantir Technologies Inc | 0.42% | Equity (common) | US |
| IBM | IBM | 0.40% | Equity (common) | US |
| WFC | Wells Fargo & Co | 0.40% | Equity (common) | US |
| RTX | RTX Corp | 0.39% | Equity (common) | US |
| MS | Morgan Stanley | 0.39% | Equity (common) | US |
| ORCL | Oracle Corp | 0.38% | Equity (common) | US |
| C | Citigroup Inc | 0.38% | Equity (common) | US |
Chart
Seasonality
| Month | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | 3.15% | 1.12% | 1.50% | 0.23% | 1.50% |
| Feb | -- | -2.47% | 1.45% | -0.98% | -1.66% | -0.92% |
| Mar | -- | 2.74% | 0.82% | -4.20% | -5.19% | -1.46% |
| Apr | -- | 0.77% | -4.21% | -1.60% | 5.55% | 0.13% |
| May | -- | 0.21% | 3.06% | 3.20% | 2.62% | 2.27% |
| Jun | -- | 2.10% | 1.19% | 2.21% | -1.68% | 0.96% |
| Jul | -- | 1.17% | -0.12% | 1.21% | -0.56% | 0.42% |
| Aug | -0.51% | -1.72% | 2.50% | 2.39% | 0.36% | 0.60% |
| Sep | -8.74% | -5.11% | 2.38% | 2.23% | -0.36% | -1.92% |
| Oct | 2.88% | -2.26% | -0.59% | 0.78% | 0.24%* | 0.21% |
| Nov | 4.00% | 2.83% | 2.97% | -0.42% | -- | 2.35% |
| Dec | -5.14% | 1.03% | -2.96% | 0.09% | -- | -1.74% |
| Total | -7.85% | 2.09% | 7.57% | 6.35% | -0.80% | 1.47% |
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: $53.67
SMA 50: $53.63
SMA 200: $52.71
Current: $53.41
EMA 12: $53.66
EMA 26: $53.64
MACD: 0.0260 | Signal: -0.0452
BULLISH
ADX (14): 15.65
RANGE
+DI: 15.35
−DI: 31.37
Momentum Oscillators
RSI (14): 46.08
NEUTRAL
Stoch %K: 44.48
Stoch %D: 47.07
Williams %R: -74.76
Volume & Volatility
BB Upper: $54.28
BB Lower: $53.06
NEUTRAL
OBV: 36,645,510
Vol SMA 20: 2,797,207
Vol ROC: -10.47%
ATR: $0.40
True Range: $0.55
HV 20: 7.0%
HV 30: 9.0%
HV 60: 9.3%
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
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Technical indicators suggest a range-bound market with a slight bearish bias, driven by MACD signal line crossover.
- Recent news headlines are neutral, with no significant catalysts or events driving price movements.
- Risk metrics indicate moderate volatility, with a beta of 0.82 relative to the SPY.
Investment Thesis:
The ETF is trading within a range-bound market, with a slight bearish bias. The absence of significant news catalysts and a neutral sentiment in options markets suggest a patient approach is warranted. A potential short-term bounce could be seen if the ETF can break above the upper Bollinger Band (UBB) at $54.11.
Recent News Sentiment Impact:
The recent news headlines are primarily focused on dividend strategies, covered call ETFs, and retirement planning. The neutral sentiment in these articles has had no significant impact on the ETF's price movement.
Technical Analysis
Trend Direction: Range-bound (1-4 weeks), with a slight bearish bias
Support/Resistance Levels:
- Upper Bollinger Band (UBB): $54.11
- Middle Line (ML): $53.44
- Lower Bollinger Band (LBB): $52.78
- SMA 20: $53.44
- EMA 12: $53.26
Momentum Signals:
- RSI (14) is at 45.38, indicating a neutral reading.
- MACD signal line crossover is bearish.
- Bollinger Bands are neutral.
Volume Analysis:
- Volume SMA 20: 2665618.45
- On-Balance Volume (OBV): 34250698.65
- Volume Rate of Change: 5.16%
News & Sentiment Analysis
Recent Headlines Summary: Neutral sentiment from articles focused on dividend strategies, covered call ETFs, and retirement planning.
Sentiment Assessment: NEUTRAL
Catalyst Identification: No significant catalysts or events driving price movements.
Market Narrative: The neutral sentiment in recent headlines suggests a lack of market-moving news, allowing the ETF to trade within its current range.
Risk & Volatility Assessment
Beta Interpretation: 0.82 (relative to SPY), indicating moderate volatility.
Volatility Regime: Current vs historical volatility levels suggest a relatively calm market.
Options Market Signals:
- IV Rank: 21.7% (Low)
- Current IV: 16.6%
- Expected Move: $1.07 (28 DTE)
Downside Protection: Support levels and risk management considerations are in place to mitigate potential losses.
Market Context & Positioning
Sector Performance: The ETF is trading within its sector's range, with no significant outperformance or underperformance.
Institutional Activity: Institutional interest is moderate, as seen in the volume flow and open interest data.
Correlation Analysis: The ETF has a high correlation of 0.93 with the SPY, indicating a strong relationship between the two.
Relative Valuation: The ETF is trading within its historical range, with no significant deviations from its mean price level.
Key Levels & Action Items
Critical Price Levels:
- UBB: $54.11
- ML: $53.44
- LBB: $52.78
Breakout/Breakdown Levels: The ETF's upper and lower Bollinger Bands (UBB/LBB) serve as potential breakout or breakdown levels.
Time-Sensitive Catalysts: No significant catalysts or events driving price movements in the near term.
Risk Management: Stop-loss levels and position sizing considerations are in place to mitigate potential losses.
By analyzing the technical indicators, news headlines, risk metrics, and options activity, we can conclude that the ETF is trading within a range-bound market with a slight bearish bias. A patient approach is warranted, and traders should consider short-term bounces if the ETF can break above the upper Bollinger Band (UBB) at $54.11.
Generated
News
All SPYI news →
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SPYI Options Activity & IV Rank
SPYI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 9.9%
7-DTE IV: —
Expected Move: $1.38
7-DTE Move: $1.38
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 439
Put Volume: 361
P/C Volume: 0.822
NEUTRAL
Call OI: 2,018
Put OI: 2,598
P/C OI: 1.287
Total OI: 4,616
ATM Options Pricing
ATM Call: $0.85
ATM Put: $0.53
Call %: 1.6%
Put %: 1.0%
Chain Summary
Chain Volume: 2,685
Chain OI: 15,865
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 19th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
19%
vs own history
GEX tilt
-0.02
OI-weighted, today
Vanna tilt
+0.76
δ-sensitivity to IV
Charm tilt
-0.78
δ-decay vs time
Vanna tilt +0.76: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.78: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 31 ATM contracts, 11k 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
20%
+5.6
pts
EXTREME
as of Oct 21 · ATM 10.9% / Wing 16.5%
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
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)10.5LowOct 21
Straddle Price (30 DTE)$1.38Oct 21
Beta Analysis
Risk Metrics
Beta: 0.8119
Alpha: -10.23%
Correlation: 0.9315
R-Squared: 86.8%
Stock Volatility: 11.1%
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
SPYI 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.
6 filers$36.04M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $12.23M | 33.94% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $11.67M | 32.38% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $7.69M | 21.33% | 2026-06-30 |
| 4 | Belvedere Trading LLC | $2.65M | 7.36% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $1.56M | 4.33% | 2025-09-30 |
| 6 | UBS Group AG Custodian | $239.54K | 0.66% | 2026-06-30 |
5 filers$27.48M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $17.79M | 64.71% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $7.09M | 25.81% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.33M | 4.85% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $1.27M | 4.61% | 2025-09-30 |
| 5 | Belvedere Trading LLC | $5.31K | 0.02% | 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
1.19M
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
53.3%
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 |
|---|