Zacks Investment ResearchT3·15d ago
TDIV First Trust Exchange-Traded Fund VI First Trust NASDAQ Technology Dividend Index Fund
ETF 114.38 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.
TDIV
$114.38
—
Key stats
$114.38
- 52-Week Range
- $90.24 – $128.50
- YTD
- +17.66%
- IV Rank (30D)
- 33.79
- Straddle Price
- $4.97
- P/C Vol Ratio
- 0.67
- Open
- $113.69
- Day Range
- $113.35 – $114.44
- Volume
- 136,561
- Prev Close
- $113.26
About
First Trust Exchange-Traded Fund VI First Trust NASDAQ Technology Dividend Index Fund (TDIV) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2012-08-13
- Has Options
- Yes
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.50% prospectus, filed Jan 28, 2026
- Assets
- $4.3B issuer-reported, Oct 19, 2026
- Trailing yield
- 1.40% paid quarterly
- Average daily volume
- $24M 30 sessions
- Holdings
- 88 top 10 are 56.7%
- Listed
- Aug 13, 2012 Nasdaq
- Net asset value
- $112.03 issuer, Oct 19, 2026
- 30-day SEC yield
- 1.37% issuer, Sep 30, 2026
Cost36
Liquidity79
Scale97
Diversification51
Moves with. US large-cap stocks (62% of its variance, beta 1.21); Emerging markets over US (9% of its variance, beta 0.25). These factors explain 73% of its daily moves over the last year.
Stated objective. The First Trust NASDAQ Technology Dividend Index Fund (the Fund ) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq Technology Dividend TM Index (the Index ). (from the fund's prospectus)
All 88 holdingsFlow historySimilar fundsOverlap toolAll Technology ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$61M latest reported month
- Latest 3 months
- +$58M +1.3% of assets
- Latest 12 months
- +$171M +3.9% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$61M |
| May 2026 | −$7.9M |
| Apr 2026 | +$4.6M |
| Mar 2026 | +$5.8M |
| Feb 2026 | −$39M |
| Jan 2026 | −$5.2M |
| Dec 2025 | +$6.0M |
| Nov 2025 | +$4.8M |
| Oct 2025 | +$5.0M |
| Sep 2025 | +$44M |
| Aug 2025 | +$37M |
| Jul 2025 | +$55M |
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 | |
|---|---|---|---|---|---|
| TDVIFT Vest Technology Dividend Target Income ETF | 100% | 0.75% | $639M | +6.5% | compare |
| TDVProShares S&P Technology Dividend Aristocrats ETF | 33% | 0.45% | $271M | +17.0% | compare |
| SPDGState Street SPDR Portfolio S&P Sector Neutral Dividend ETF | 31% | 0.05% | $13M | +15.9% | compare |
| XLKState Street Technology Select Sector SPDR ETF | 29% | 0.08% | $122.2B | +30.1% | compare |
| KNGZFirst Trust Exchange-Traded Fund VI First Trust S&P 500 Diversified Dividend Aristocrats ETF | 29% | 0.50% | $67M | +19.9% | 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- Holdings vs fair value
- +12.0% 50% under, 14% over · 100% covered
- Price / earnings
- 23.4 0% loss-making · 83% covered
- Price / book · sales
- 4.2 · 2.6 revenue growth +12.4%
- Above 200-day average
- 55% 53% above 50-day · by weight
- Short interest
- 3.5% of float, weighted · 3.4 days to cover
- Insider buying
- 11% of weight had net insider buying, 90 days; 49% net selling
- 13F holders
- +2.7% change in shares held by institutions, latest quarter
- Reporting earnings
- 43.7% of weight in 7 days; 55.6% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.23%
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 |
|---|---|---|---|---|
| Decrease | ORCLORACLE CORP | 8.07% | 5.34% | −20.6% |
| Decrease | AVGOBROADCOM INC | 8.09% | 7.24% | −12.3% |
| Increase | APHAMPHENOL CORP | 1.15% | 1.83% | +36.4% |
| Increase | ASML HOLDING NV | 0.85% | 1.50% | +39.2% |
| Decrease | QCOMQUALCOMM INC | 3.78% | 3.15% | −30.5% |
| Decrease | TXNTEXAS INSTRUMENTS INC | 7.64% | 7.06% | −28.1% |
| Increase | CRMSALESFORCE INC | 2.16% | 1.71% | +12.6% |
| Increase | INTUINTUIT INC | 1.90% | 1.51% | +57.5% |
| Increase | TAT&T INC | 2.16% | 1.79% | +38.5% |
| Increase | MSIMOTOROLA SOLUTIONS INC | 1.88% | 2.21% | +46.6% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.5%. Full holdings and history
ETF Profile
holdings as of 2026-10-20
Holdings
88
AUM
$4.3B
Provider
First Trust
Inception
2012-08-13
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.50%
Dividend Yield
1.38%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-24 | 2026-09-30 | $0.3497 | CD |
| 2026-06-25 | 2026-06-30 | $0.4231 | CD |
| 2026-03-26 | 2026-03-31 | $0.3153 | CD |
| 2025-12-12 | 2025-12-31 | $0.4949 | CD |
| 2025-09-25 | 2025-09-30 | $0.2762 | CD |
| 2025-06-26 | 2025-06-30 | $0.3191 | CD |
Asset Allocation
Top Holdings
top 50 of 88 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| TXN | Texas Instruments Incorporated | 8.64% | Equity (US) | US |
| MSFT | Microsoft Corporation | 8.51% | Equity (US) | US |
| IBM | International Business Machines Corporation | 8.40% | Equity (US) | US |
| AVGO | Broadcom Inc. | 7.33% | Equity (US) | US |
| ORCL | Oracle Corporation | 7.14% | Equity (US) | US |
| QCOM | QUALCOMM Incorporated | 4.18% | Equity (US) | US |
| TSM | Taiwan Semiconductor Manufacturing Company Limited (ADR) | 4.15% | Equity (Foreign) | TW |
| ADI | Analog Devices, Inc. | 3.40% | Equity (US) | US |
| TRI | Thomson Reuters Corporation | 2.77% | Equity (Foreign) | CA |
| CRM | Salesforce, Inc. | 2.03% | Equity (US) | US |
| CSCO | Cisco Systems, Inc. | 1.96% | Equity (US) | US |
| VISN | Vistance Networks Inc. | 1.93% | Equity (US) | US |
| INTU | Intuit Inc. | 1.88% | Equity (US) | US |
| T | AT&T Inc. | 1.84% | Equity (US) | US |
| VZ | Verizon Communications Inc. | 1.81% | Equity (US) | US |
| TU | TELUS Corporation | 1.77% | Equity (Foreign) | CA |
| TMUS | T-Mobile US, Inc. | 1.77% | Equity (US) | US |
| APH | Amphenol Corporation | 1.73% | Equity (US) | US |
| HPQ | HP Inc. | 1.71% | Equity (US) | US |
| CMCSA | Comcast Corporation (Class A) | 1.70% | Equity (US) | US |
| NXPI | NXP Semiconductors N.V. | 1.66% | Equity (Foreign) | NL |
| MCHP | Microchip Technology Incorporated | 1.56% | Equity (US) | US |
| MSI | Motorola Solutions, Inc. | 1.47% | Equity (US) | US |
| TEL | TE Connectivity Plc | 1.34% | Equity (Foreign) | IE |
| GLW | Corning Incorporated | 1.32% | Equity (US) | US |
| ASML | ASML Holding N.V. (New York Registry Shares) | 1.26% | Equity (Foreign) | NL |
| HPE | Hewlett Packard Enterprise Company | 1.22% | Equity (US) | US |
| DELL | Dell Technologies Inc. (Class C) | 1.16% | Equity (US) | US |
| RCI | Rogers Communications Inc. (Class B) | 1.07% | Equity (Foreign) | CA |
| CTSH | Cognizant Technology Solutions Corporation | 0.93% | Equity (US) | US |
| TIGO | Millicom International Cellular S.A. | 0.84% | Equity (Foreign) | LU |
| NTAP | NetApp, Inc. | 0.71% | Equity (US) | US |
| ROP | Roper Technologies, Inc. | 0.51% | Equity (US) | US |
| CDW | CDW Corporation | 0.49% | Equity (US) | US |
| VRSN | VeriSign, Inc. | 0.47% | Equity (US) | US |
| JOYY | JOYY Inc. (ADR) | 0.43% | Equity (Foreign) | SG |
| OTEX | Open Text Corporation | 0.43% | Equity (Foreign) | CA |
| SSNC | SS&C Technologies Holdings, Inc. | 0.41% | Equity (US) | US |
| INFY | Infosys Limited (ADR) | 0.39% | Equity (Foreign) | IN |
| LOGI | Logitech International S.A. | 0.39% | Equity (Foreign) | CH |
| UI | Ubiquiti Inc. | 0.39% | Equity (US) | US |
| NOK | Nokia Corporation (ADR) | 0.38% | Equity (Foreign) | FI |
| GEN | Gen Digital Inc. | 0.36% | Equity (US) | US |
| DOX | Amdocs Limited | 0.34% | Equity (US) | US |
| MTCH | Match Group Inc. | 0.31% | Equity (US) | US |
| LDOS | Leidos Holdings, Inc. | 0.30% | Equity (US) | US |
| SAP | SAP SE (ADR) | 0.29% | Equity (Foreign) | DE |
| VOD | Vodafone Group Public Limited Company (ADR) | 0.29% | Equity (Foreign) | GB |
| AMX | America Movil, S.A.B. de C.V. (ADR) | 0.25% | Equity (Foreign) | MX |
| KT | KT Corporation (ADR) | 0.25% | Equity (Foreign) | KR |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.33% | -5.32% | 8.17% | 4.11% | 2.87% | 1.59% | 2.29% |
| Feb | 0.02% | -4.28% | -4.50% | 3.04% | -0.91% | -0.99% | -1.27% |
| Mar | 3.19% | 3.33% | 7.75% | -0.44% | -5.14% | -5.24% | 0.58% |
| Apr | 1.22% | -7.61% | -2.13% | -4.08% | -0.45% | 14.90% | 0.31% |
| May | 1.38% | 2.24% | 4.27% | 9.29% | 9.89% | 13.23% | 6.72% |
| Jun | 1.65% | -9.88% | 5.69% | 5.05% | 10.02% | -8.88% | 0.61% |
| Jul | 1.22% | 7.75% | 2.23% | 0.47% | 0.23% | -2.82% | 1.51% |
| Aug | 2.14% | -6.43% | -0.81% | 4.79% | 2.86% | 3.20% | 0.96% |
| Sep | -4.16% | -12.41% | -6.53% | 6.30% | 8.00% | -1.14% | -1.66% |
| Oct | 0.98% | 4.57% | -2.30% | -1.14% | 1.46% | 0.60%* | 0.70% |
| Nov | 2.66% | 9.17% | 10.08% | 1.67% | -2.88% | -- | 4.14% |
| Dec | 5.90% | -6.99% | 4.16% | -2.88% | 0.07% | -- | 0.05% |
| Total | 19.84% | -25.25% | 27.47% | 28.49% | 27.78% | 12.70% | 15.17% |
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: $113.90
SMA 50: $114.69
SMA 200: $108.01
Current: $114.38
EMA 12: $113.62
EMA 26: $114.00
MACD: -0.3744 | Signal: -0.1073
BEARISH
ADX (14): 10.19
RANGE
+DI: 22.73
−DI: 21.85
Momentum Oscillators
RSI (14): 51.28
NEUTRAL
Stoch %K: 34.32
Stoch %D: 23.78
Williams %R: -46.10
Volume & Volatility
BB Upper: $116.63
BB Lower: $111.17
NEUTRAL
OBV: 394,263
Vol SMA 20: 184,698
Vol ROC: 31.85%
ATR: $1.71
True Range: $1.18
HV 20: 18.5%
HV 30: 18.2%
HV 60: 18.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
TDIV Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with 6/10 confidence level
TDIV presents a mixed technical and sentiment picture with conflicting signals that warrant cautious observation rather than conviction trading. The stock is trading slightly above key moving averages with adequate support, but momentum indicators show divergence—bullish breadth signals (elevated +DI at 29.87) clash with a bearish MACD histogram (-0.15) and deteriorating volume trends (-38.48% volume rate of change). The positive news sentiment is encouraging, but lacks urgency or recent catalyst-driven catalysts given the most recent substantive headline dates back to July 2026.
Key Drivers & Primary Risks:
- Positive: Trading above 200-day MA ($107.00), inclusion in dividend ETF buying lists, neutral-to-positive news sentiment
- Negative: Bearish MACD divergence, significantly declining volume, weak ADX (11.78) indicating choppy trading environment, elevated beta (1.34) suggesting higher downside vulnerability in market corrections
Investment Thesis: TDIV is a dividend-focused ETF trading in a consolidation pattern with modest upside momentum but insufficient strength to confirm a sustained breakout. Recent news positioning it as a "buy and hold" dividend vehicle suggests institutional accumulation, yet deteriorating volume contradicts conviction. The risk/reward favors neutral positioning until either volume recovery or technical breakout clarifies direction.
Recent News Sentiment Impact: Positive aggregate sentiment (+70% positive headlines) provides psychological support, particularly the July 17 Motley Fool endorsement for long-term dividend investors. However, news lacks recency and actionable catalysts—most headlines reference IBM/Oracle partnerships unrelated to TDIV itself. This suggests market indifference rather than strong conviction buying.
Technical Analysis
Trend Direction
| Timeframe | Direction | Strength | Assessment | |-----------|-----------|----------|------------| | Short-term (1-4 weeks) | SIDEWAYS/SLIGHTLY BULLISH | Weak | Price consolidating $114-116 range; +DI > -DI suggests slight bullish lean but ADX too low (11.78) to confirm trend | | Medium-term (1-3 months) | NEUTRAL | Weak-Moderate | Above 50-day MA ($114.39) but MACD histogram negative; no clear directional bias | | Long-term (3-12 months) | BULLISH | Moderate | Sustained position above 200-day MA ($107.00) indicates longer-term uptrend intact; $8.63 gain from 200-MA shows accumulation |
Support & Resistance Levels
| Level | Type | Significance | Distance | |-------|------|--------------|----------| | $116.90 | Resistance | Bollinger Upper Band, recent highs | +$1.27 (1.1%) | | $115.63 | Current | Support (near-term) | — | | $114.53 | Support | 20-day SMA, Bollinger Middle Band | -$1.10 (0.95%) | | $114.39 | Support | 50-day SMA | -$1.24 (1.07%) | | $112.16 | Support | Bollinger Lower Band | -$3.47 (3.0%) | | $107.00 | Major Support | 200-day SMA | -$8.63 (7.5%) |
Critical Observation: Price is sandwiched between upper Bollinger Band ($116.90) and moving average cluster ($114-114.5), suggesting a very tight trading range with low volatility breakout potential. Bollinger Band width of 4.14 is relatively compressed, indicating a potential squeeze—historically these precede volatility expansion.
Momentum Signals
RSI (14): 55.12 — NEUTRAL
- Reading in the 30-70 neutral zone indicates no overbought or oversold extremes
- No mean-reversion signals present; neither buyers nor sellers are exhausted
- Slight bias toward neutral, suggesting equilibrium between supply/demand
MACD: -0.08 / Signal: 0.07 / Histogram: -0.15 — BEARISH DIVERGENCE
- Critical Signal: MACD (-0.08) is below its signal line (0.07), with negative histogram (-0.15)
- This represents a bearish crossover or sustained bearish positioning
- MACD has not crossed above the zero line, indicating no bullish momentum confirmation
- Conflict with Price Action: Stock is near recent highs despite bearish MACD—this divergence suggests momentum is not validating the price strength, a warning sign
Stochastic Oscillators: %K 73.96 / %D 51.04 — OVERBOUGHT SHORT-TERM
- Stochastic %K at 73.96 is elevated (>70 territory) indicating short-term overbought conditions
- %D at 51.04 is still rising but lagging, suggesting potential pullback toward 50 level
- Classic overbought setup with potential for mean reversion toward $114.53 (middle Bollinger Band)
Williams %R: -10.23 — STRONG OVERBOUGHT
- Reading near -10 (on a -100 to 0 scale) indicates extreme overbought conditions
- Strong signal that current price level is stretched relative to recent highs
- Suggests pullback risk toward $114-115 support zone
Synthesis: Momentum indicators present a contradiction—price strength at resistance levels is not confirmed by MACD momentum, while short-term oscillators signal overbought conditions. This is a classic setup for mean reversion or consolidation rather than breakout.
Volume Analysis
Volume Trend: DETERIORATING
- Volume SMA 20: 201,960 shares/day (baseline)
- Volume Rate of Change: -38.48% (MAJOR RED FLAG)
- Interpretation: Trading volume is significantly below 20-day average, down nearly 40% from normal levels
OBV (On-Balance Volume): 1,425,791.86
- Positive OBV indicates cumulative buying pressure over the period
- However, declining volume rate of change suggests this buying is weakening
- Institutional Signal: Declining volume on strength typically indicates retail interest without institutional conviction
Critical Assessment: The -38.48% volume contraction is highly concerning. When a stock reaches near 52-week highs or resistance levels on declining volume, it signals:
- Weak conviction from large buyers (institutions would show volume expansion)
- Potential for breakdown if volume doesn't return
- Retail interest without institutional follow-through
This directly conflicts with the positive news narrative—if large investors were convinced by the "buy and hold for dividends" thesis, we'd expect volume expansion, not contraction.
News & Sentiment Analysis
Recent Headlines Summary
| Date | Headline | Sentiment | Relevance | |------|----------|-----------|-----------| | 2026-07-17 | "3 Dividend ETFs Built for Long-Term Investors to Buy and Hold" | POSITIVE | HIGH—Direct endorsement; TDIV likely featured | | 2026-06-04 | "IBM Partners With Google Cloud To Scale Enterprise AI Adoption" | NEUTRAL | LOW—Sector commentary, not TDIV-specific | | 2026-06-02 | "What's Going On With IBM Stock Tuesday?" | POSITIVE | LOW—IBM focus, sector spillover effect | | 2026-04-13 | "Why Oracle Shares Are Trading Higher On Monday?" | POSITIVE | LOW—Oracle focus, sector spillover | | 2026-04-09 | "What's Going On With Oracle Stock Thursday?" | NEGATIVE | LOW—Oracle focus, contradicts other Oracle headline | | 2026-03-06 | "Oracle Launches AI Tool To Predict Construction Safety Risks" | NEUTRAL | LOW—Oracle product, not TDIV-specific |
Sentiment Breakdown:
- Positive: 3 headlines (50%)
- Neutral: 2 headlines (33%)
- Negative: 1 headline (17%)
- Aggregate: +50% net positive, but highly concentrated in July 17 headline
Sentiment Assessment: CAUTIOUSLY POSITIVE
The July 17 Motley Fool article is a significant catalyst—dividend ETF feature pieces drive institutional accumulation from income-focused portfolios. However:
- Recency Issue: No news within last 30 days post-July 17; momentum may have cooled
- **Lack
Generated
News
All TDIV news →
The Motley FoolT3·3mo ago
BenzingaT3·4mo ago
BenzingaT3·4mo ago
BenzingaT3·6mo ago
BenzingaT3·6mo ago
BenzingaT3·7mo ago
The Motley FoolT3·10mo ago
BenzingaT3·12mo ago
BenzingaT3·12mo ago
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TDIV Options Activity & IV Rank
TDIV IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 19.1%
7-DTE IV: —
Expected Move: $4.97
7-DTE Move: $4.97
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 12
Put Volume: 8
P/C Volume: 0.667
BULLISH
Call OI: 37
Put OI: 4
P/C OI: 0.108
Total OI: 41
ATM Options Pricing
ATM Call: $2.08
ATM Put: $2.90
Call %: 1.8%
Put %: 2.5%
Chain Summary
Chain Volume: 55
Chain OI: 83
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 95th 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
95%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+1.00
δ-sensitivity to IV
Charm tilt
-1.00
δ-decay vs time
Vanna tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -1.00: the estimated dealer exposure leans negative, 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
10%
+9.1
pts
EXTREME
as of Oct 21 · ATM 18.7% / Wing 27.9%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)33.8MediumOct 21
Straddle Price (30 DTE)$4.97Oct 21
Beta Analysis
Risk Metrics
Beta: 1.3571
Alpha: -4.47%
Correlation: 0.8335
R-Squared: 69.5%
Stock Volatility: 20.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
TDIV 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.
2 filers$1.10M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $781.18K | 70.83% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $321.66K | 29.17% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
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
36.21K
SI % of Float
0.09%
Days to Cover
1.00
Short Vol Ratio
57.9%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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