ULTI REX IncomeMax Option Strategy ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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REX IncomeMax Option Strategy ETF (ULTI) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2025-10-30
- Has Options
- No
- Expense ratio
- 1.32% prospectus, filed Apr 29, 2026
- Assets
- $39M SEC filing, Jun 30, 2026
- Trailing yield
- 156.22% paid weekly
- Average daily volume
- $335K 30 sessions
- Holdings
- 92 top 10 are 53.6%
- Listed
- Oct 30, 2025 Nasdaq
- Last fee change
- +7 bp filed Apr 29, 2026
Moves with. Value over growth (19% of its variance, beta -1.36); Small caps over large (13% of its variance, beta 1.87); Bitcoin (9% of its variance, beta 0.23); Gold (8% of its variance, beta 0.36). These factors explain 60% of its daily moves over the last year.
Stated objective. The Funds primary investment objective is to seek current income. (from the fund's prospectus)
All 92 holdingsFlow historySimilar fundsOverlap toolAll Covered Call ETFs
- Jun 2026
- +$9.9M latest reported month
- Latest 3 months
- +$29M +74.4% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$9.9M |
| May 2026 | +$8.7M |
| Apr 2026 | +$11M |
| Mar 2026 | −$899K |
| Feb 2026 | +$1.4M |
| Jan 2026 | +$9.8M |
| Dec 2025 | +$3.4M |
| Nov 2025 | +$4.2M |
| Oct 2025 | +$5.0M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 9 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| CNAVMohr Company Nav ETF | 20% | 1.31% | $54M | +33.6% | compare |
| RKNGDefiance Retail Kings ETF | 19% | 0.79% | $7.2M | — | compare |
| RULEAdaptive Core ETF | 18% | 1.84% | $17M | +32.0% | compare |
| TCAITortoise AI Infrastructure ETF | 18% | 0.65% | $217M | +31.9% | compare |
| STRNSMART Trend 25 ETF | 16% | 0.59% | $22M | +22.4% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +10.2% 40% under, 22% over · 90% covered
- Price / earnings
- — 47% loss-making · 85% covered
- Price / book · sales
- 3.1 · 3.6 revenue growth +12.1%
- Above 200-day average
- 35% 22% above 50-day · by weight
- Short interest
- 13.7% of float, weighted · 3.3 days to cover
- Insider buying
- 12% of weight had net insider buying, 90 days; 59% net selling
- 13F holders
- +2.9% change in shares held by institutions, latest quarter
- Reporting earnings
- 9.6% of weight in 7 days; 35.2% in 14
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.
- Authorized participants
- 2 active of 8 with agreements; top 3 did 100%
- Created · redeemed
- $13M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-15 | 2026-10-16 | $0.0700 | CD |
| 2026-10-08 | 2026-10-09 | $0.0850 | CD |
| 2026-10-01 | 2026-10-02 | $0.0850 | CD |
| 2026-09-24 | 2026-09-25 | $0.0900 | CD |
| 2026-09-17 | 2026-09-18 | $0.0800 | CD |
| 2026-09-10 | 2026-09-11 | $0.0900 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| FCEL | FuelCell Energy Inc | 6.98% | Equity (common) | US |
| — | First American Government Obli | 6.49% | Short-term investment | US |
| GLW | Corning Inc | 5.41% | Equity (common) | US |
| — | Nebius Group NV | 5.36% | Equity (common) | NL |
| SNDK | Sandisk Corp | 5.23% | Equity (common) | US |
| LRCX | Lam Research Corp | 5.20% | Equity (common) | US |
| AMAT | Applied Materials Inc | 5.17% | Equity (common) | US |
| SPCX | SPACEX | 5.15% | Equity (common) | US |
| DELL | Dell Technologies Inc | 5.07% | Equity (common) | US |
| VRT | Vertiv Holdings Co | 5.04% | Equity (common) | US |
| INTC | Intel Corp | 4.99% | Equity (common) | US |
| LUNR | Intuitive Machines Inc | 4.98% | Equity (common) | US |
| MRNA | Moderna Inc | 4.85% | Equity (common) | US |
| ENPH | Enphase Energy Inc | 4.78% | Equity (common) | US |
| TEM | Tempus AI Inc | 4.76% | Equity (common) | US |
| HIMS | Hims & Hers Health Inc | 4.66% | Equity (common) | US |
| RUN | Sunrun Inc | 4.56% | Equity (common) | US |
| HL | Hecla Mining Co | 4.50% | Equity (common) | US |
| CORZ | Core Scientific Inc | 4.33% | Equity (common) | US |
| — | Bitdeer Technologies Group | 4.22% | Equity (common) | SG |
| CLSK | Cleanspark Inc | 4.12% | Equity (common) | US |
| — | N/A | 1.92% | Derivative (equity) | US |
| — | N/A | 0.49% | Derivative (equity) | US |
| — | N/A | 0.34% | Derivative (equity) | US |
| — | N/A | 0.33% | Derivative (equity) | US |
| — | N/A | 0.33% | Derivative (equity) | US |
| — | N/A | 0.23% | Derivative (equity) | US |
| — | N/A | 0.23% | Derivative (equity) | US |
| — | N/A | 0.19% | Derivative (equity) | US |
| — | N/A | 0.17% | Derivative (equity) | US |
| — | N/A | 0.15% | Derivative (equity) | US |
| — | N/A | 0.11% | Derivative (equity) | US |
| — | N/A | 0.10% | Derivative (equity) | US |
| — | N/A | 0.09% | Derivative (equity) | US |
| — | N/A | 0.07% | Derivative (equity) | US |
| — | N/A | 0.06% | Derivative (equity) | US |
| — | N/A | 0.05% | Derivative (equity) | US |
| — | N/A | 0.04% | Derivative (equity) | US |
| — | N/A | 0.04% | Derivative (equity) | US |
| — | N/A | 0.03% | Derivative (equity) | US |
| — | N/A | 0.03% | Derivative (equity) | US |
| — | N/A | 0.02% | Derivative (equity) | US |
| — | N/A | 0.02% | Derivative (equity) | US |
| — | N/A | 0.02% | Derivative (equity) | US |
| — | N/A | 0.01% | Derivative (equity) | US |
| — | N/A | 0.01% | Derivative (equity) | US |
| — | N/A | 0.01% | Derivative (equity) | US |
| — | N/A | 0.01% | Derivative (equity) | US |
| — | N/A | 0.01% | Derivative (equity) | US |
| — | N/A | 0.01% | Derivative (equity) | US |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 1.88% | 1.88% |
| Feb | -- | -16.93% | -16.93% |
| Mar | -- | -2.72% | -2.72% |
| Apr | -- | 10.00% | 10.00% |
| May | -- | 9.37% | 9.37% |
| Jun | -- | -21.45% | -21.45% |
| Jul | -- | -32.49% | -32.49% |
| Aug | -- | -12.96% | -12.96% |
| Sep | -- | 1.23% | 1.23% |
| Oct | 0.00% | -20.34%* | -10.17% |
| Nov | -29.47% | -- | -29.47% |
| Dec | -17.82% | -- | -17.82% |
| Total | -42.04% | -63.13% | -52.59% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: ULTI
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 7/10)
Key Drivers and Primary Risks:
- Bearish momentum signals from MACD
- Strong trend strength indicated by ADX/DMI
- Overbought RSI reading suggests potential sell signal
- High volatility and beta indicate increased risk
2-3 Sentence Investment Thesis: ULTI appears to be in a strong downtrend, with bearish momentum signals suggesting further declines. However, the stock's high volatility and beta may lead to unexpected price swings.
Recent News Sentiment Impact: No recent news available.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): BEARISH
- Medium-term (1-3 months): BEARISH
- Long-term (3-12 months): NEUTRAL
Support/Resistance Levels:
- SMA 20: $7.17 (resistance)
- SMA 50: $8.21 (resistance)
- Lower Bollinger Band: $6.41 (support)
Momentum Signals:
- RSI interpretation: OVERSOLD <30, indicating potential buy signal
- MACD signal: BEARISH crossover
- Bollinger Bands position: SQUEEZE (price at lower band)
Volume Analysis:
- Volume trend: DOWNTRENDING
- Institutional interest signals: LOW (options and volume activity subdued)
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: NEUTRAL (no recent news sentiment data available)
Catalyst Identification: No upcoming earnings or significant events announced.
Market Narrative: Technical signals dominate the analysis, with no recent news to contradict or support the trend.
Risk & Volatility Assessment
Beta Interpretation: HIGH RISK (beta >1.5)
Volatility Regime: HIGH VOLATILITY
Options Market Signals:
- IV rank: N/A
- Put/call ratios: N/A
- Unusual activity: N/A
Downside Protection: Support levels and risk management considerations suggest setting stop-losses below $6.41.
Market Context & Positioning
Sector Performance: ULTI underperforms the market (sector/market relative strength)
Institutional Activity: Volume patterns suggest low institutional interest.
Correlation Analysis: ULTI moves relatively independently of the market (R-squared interpretation).
Relative Valuation: ULTI trades below its historical mean, indicating potential value.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $7.17 (resistance)
- SMA 50: $8.21 (resistance)
- Lower Bollinger Band: $6.41 (support)
Breakout/Breakdown Levels: None identified.
Time-Sensitive Catalysts: No upcoming earnings or significant events announced.
Risk Management: Consider setting stop-losses below $6.41 and adjusting position sizes based on volatility.
This comprehensive analysis highlights the bearish momentum, strong trend strength, and high volatility in ULTI. The absence of recent news and low institutional interest suggest a lack of catalysts to reverse the downtrend.
ULTI Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
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.
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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 240
Period: 252 trading days
High volatility - stock moves more than market
ULTI Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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 |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| FCEL | FuelCell Energy Inc | 6.98% | $13 | -7.74% | -27.90% | -28.22% |
| GLW | Corning Inc | 5.41% | $132 | -4.64% | -15.75% | -12.08% |
| SNDK | Sandisk Corp | 5.23% | $1299.3 | -6.85% | -17.86% | -27.49% |
| LRCX | Lam Research Corp | 5.20% | $263.94 | -4.87% | -17.22% | -8.39% |
| AMAT | Applied Materials Inc | 5.17% | $409.29 | -4.82% | -19.28% | -7.94% |
| SPCX | SPACEX | 5.15% | $146.03 | -1.74% | -10.17% | -4.37% |
| DELL | Dell Technologies Inc | 5.07% | $451.71 | -4.58% | -22.92% | -20.48% |
| VRT | Vertiv Holdings Co | 5.04% | $206.42 | -3.88% | -14.98% | -17.23% |
| INTC | Intel Corp | 4.99% | $89.85 | -5.79% | -14.18% | -17.27% |
| LUNR | Intuitive Machines Inc | 4.98% | $10.78 | -6.83% | -18.27% | -22.56% |
| MRNA | Moderna Inc | 4.85% | $218.01 | -7.82% | -3.11% | +41.53% |
| ENPH | Enphase Energy Inc | 4.78% | $30.62 | -0.65% | -6.67% | -11.61% |
| TEM | Tempus AI Inc | 4.76% | $64.72 | -9.01% | -8.76% | -16.86% |
| HIMS | Hims & Hers Health Inc | 4.66% | $28.07 | -4.46% | -9.22% | +0.29% |
| RUN | Sunrun Inc | 4.56% | $7.3 | -4.45% | -4.45% | -14.42% |
| HL | Hecla Mining Co | 4.50% | $15.3 | -1.67% | -10.37% | -19.13% |
| CORZ | Core Scientific Inc | 4.33% | $13.48 | -6.75% | -12.52% | -25.07% |
| CLSK | Cleanspark Inc | 4.12% | $8.4 | -10.16% | -19.96% | -41.95% |