SPYU MAX S&P 500 4x Leveraged ETN

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. 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.

SPYU — —
Key stats
About

MAX S&P 500 4x Leveraged ETN (SPYU) ETF

No description available.

Exchange
ARCX
Inception
2023-12-05
Has Options
No
Fund profile
Leveraged & Inverse Leveraged Equity#156 of 161 by assets MAX S&P 500 Index-tracking
Resets to 4x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 4x the benchmark, especially when it is volatile. Decay analysis
Exchange-traded note: an unsecured debt of the issuing bank that pays an index return. It holds no portfolio and carries the issuer's credit risk.
Expense ratio
—
Assets
—
Trailing yield
—
Average daily volume
$27M
30 sessions
Holdings
—
Listed
Dec 5, 2023
NYSE Arca
Closure risk, 12 months
0.6%
low: volatility, leveraged or inverse, age · model

Moves with. US large-cap stocks (98% of its variance, beta 3.89). These factors explain 100% of its daily moves over the last year.

Overlap toolAll Leveraged Equity ETFs

Fund flows

This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.

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ETF Profile
Chart
Seasonality
'24'25'26Avg
Jan--8.57%2.48%5.53%
Feb---5.31%-7.79%-6.55%
Mar---18.48%-21.60%-20.04%
Apr---16.32%40.55%12.11%
May-2.13%19.48%18.32%11.89%
Jun11.57%16.34%-8.53%6.46%
Jul-0.02%7.01%-2.89%1.37%
Aug10.77%12.67%2.58%8.67%
Sep14.84%15.54%-0.88%9.83%
Oct-3.19%4.64%-2.31%*-0.29%
Nov20.12%-3.00%--8.56%
Dec-13.06%-0.65%---6.86%
Total40.40%36.94%8.70%28.68%
* Only 3 year(s) of data available.
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: $34.71
SMA 50: $34.77
SMA 200: $30.84
Current: $32.84
EMA 12: $34.33
EMA 26: $34.54
MACD: -0.2073 | Signal: -0.2210
BULLISH
ADX (14): 16.57
RANGE
+DI: 15.65
−DI: 32.80

Momentum Oscillators

RSI (14): 41.27
NEUTRAL
Stoch %K: 29.47
Stoch %D: 29.50
Williams %R: -95.89

Volume & Volatility

BB Upper: $36.79
BB Lower: $32.64
NEUTRAL
OBV: 14,658,667
Vol SMA 20: 852,031
Vol ROC: -31.12%
ATR: $1.28
True Range: $1.97
HV 20: 40.2%
HV 30: 42.1%
HV 60: 42.5%

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: BEARISH (confidence level 6/10)

Key Drivers:

  • Technical indicators suggest a neutral-to-bearish trend, with the MACD showing a bullish signal but being overshadowed by the overall downtrend
  • High volatility and beta indicate a high-risk stock that may be prone to sudden price movements

Primary Risks:

  • The stock's high beta and volatility make it more susceptible to market fluctuations and news-driven moves
  • The lack of recent news headlines creates uncertainty about potential catalysts for the stock

Investment Thesis: The stock is currently in a downtrend, with technical indicators suggesting a bearish bias. However, the MACD signal suggests that momentum may be building up, potentially creating a short-term bounce.

Recent News Sentiment Impact: No recent news available, so no impact on sentiment.

Technical Analysis

Trend Direction:

  • Short-term (1-4 weeks): BEARISH
  • Medium-term (1-3 months): NEUTRAL/BEARISH
  • Long-term (3-12 months): BULLISH

Support/Resistance Levels:

  • Key price levels: $33.63 (lower band), $35.47 (SMA 20), and $37.30 (upper band)

Momentum Signals:

  • RSI interpretation: NEUTRAL (48.74)
  • MACD signal: BULLISH (0.17 / Signal: -0.14 / Histogram: 0.31)
  • Bollinger Bands position: NEUTRAL (price touching middle band)

Volume Analysis:

  • Volume trends: DOWN
  • Institutional interest signals: MIXED (OBV positive, but volume rate of change negative)

News & Sentiment Analysis

Recent Headlines Summary: No recent news available

Sentiment Assessment: NEUTRAL (due to lack of recent news)

Catalyst Identification: No upcoming events or earnings announcements available

Market Narrative: The lack of recent news headlines creates uncertainty about potential catalysts for the stock, making it more difficult to gauge sentiment.

Risk & Volatility Assessment

Beta Interpretation: HIGH RISK (beta 3.95 vs SPY)

Volatility Regime: HIGH VOLATILITY (volatility 0.51 and historical volatility 32.5% / 46.7% / 47.9%)

Options Market Signals:

  • IV rank: N/A
  • Put/call ratios: MIXED (no data available)
  • Unusual activity: N/A

Downside Protection: Support levels at $33.63 and $35.47, with potential for a short-term bounce.

Market Context & Positioning

Sector Performance: NEUTRAL/BULLISH (vs sector)

Institutional Activity: MIXED (OBV positive, but volume rate of change negative)

Correlation Analysis: HIGH CORRELATION (1.00) with the market

Relative Valuation: NEUTRAL/BEARISH (position within trading range)

Key Levels & Action Items

Critical Price Levels:

  • Support at $33.63 and $35.47
  • Resistance at $37.30

Breakout/Breakdown Levels:

  • Short-term breakout above $35.47 could trigger a short-term bounce
  • Breakdown below $33.63 could lead to further declines

Time-Sensitive Catalysts: No upcoming events or earnings announcements available

Risk Management: Stop-loss levels at $32.50 and position sizing considerations based on risk tolerance.

Please note that this analysis is based on the provided data and should not be taken as a buy/sell recommendation. It's essential to consider multiple factors before making investment decisions.

Generated

SPYU 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: 3.9522
Alpha: -22.41%
Correlation: 0.9984
R-Squared: 99.7%
Stock Volatility: 50.5%
Market Volatility: 12.8%

Analysis Details

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

SPYU 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.

11 filers208,246 shares$6.81M value
# Filer Shares Value % of Total % of Float Period
1 Millington Financial Advisors, LLC 103,644 $3.33M 48.95% — 2026-06-30
2 Jane Street Group, LLC Custodian 55,900 $1.86M 27.29% — 2026-06-30
3 HRT FINANCIAL LP 16,455 $546.00K 8.02% — 2026-06-30
4 GTS SECURITIES LLC 14,075 $469.44K 6.90% — 2026-06-30
5 StoneX Group Inc. 8,259 $272.01K 4.00% — 2026-06-30
6 Tower Research Capital LLC (TRC) Custodian 5,923 $196.82K 2.89% — 2026-06-30
7 SUMMIT SECURITIES GROUP LLC 2,500 $83.08K 1.22% — 2026-06-30
8 FIFTH THIRD BANCORP 898 $29.84K 0.44% — 2026-06-30
9 HOLLENCREST CAPITAL MANAGEMENT 392 $13.03K 0.19% — 2026-06-30
10 TOTH FINANCIAL ADVISORY CORP 170 $5.72K 0.08% — 2026-09-30
11 BNP Paribas Financial Markets Custodian 30 $997 0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month