Seeking AlphaT3·33mo ago
URTY ProShares UltraPro Russell2000
ETF 61.23 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.
URTY
$61.23
—
Key stats
$61.23
- 52-Week Range
- $43.33 – $89.85
- YTD
- +11.77%
- IV Rank (30D)
- 37.62
- Straddle Price
- $8.95
- P/C Vol Ratio
- 0.41
- Open
- $64.70
- Day Range
- $60.80 – $65.00
- Volume
- 523,979
- Prev Close
- $64.42
About
ProShares UltraPro Russell2000 (URTY) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2010-02-09
- Has Options
- Yes
Fund profile
holdings as of Oct 15, 2026issuer datathrough May 2026flows, SEC filings
Resets to 3x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 3x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- 0.95% prospectus, filed Apr 7, 2025
- Assets
- $267M shares × price, Oct 15, 2026
- Trailing yield
- 0.98% paid quarterly
- Average daily volume
- $27M 30 sessions
- Holdings
- 1,993 top 10 are 258.8%
- Listed
- Feb 9, 2010 NYSE Arca
Cost57
Liquidity81
Scale53
Diversificationn/a
Moves with. US large-cap stocks (57% of its variance, beta 2.98); Small caps over large (41% of its variance, beta 2.91). These factors explain 100% of its daily moves over the last year.
Stated objective. ProShares UltraPro Russell2000 (the Fund) seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Russell 2000 Index (the Index). (from the fund's prospectus)
All 1,993 holdingsFlow historySimilar fundsOverlap toolAll Leveraged Equity ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$33M latest reported month
- Latest 3 months
- −$72M −20.6% of assets
- Latest 12 months
- −$246M −70.0% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$33M |
| Apr 2026 | −$37M |
| Mar 2026 | −$2.7M |
| Feb 2026 | −$32M |
| Jan 2026 | −$54M |
| Dec 2025 | −$11M |
| Nov 2025 | −$7.1M |
| Oct 2025 | −$6.0M |
| Sep 2025 | −$32M |
| Aug 2025 | −$23M |
| Jul 2025 | −$3.9M |
| Jun 2025 | −$5.8M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| ITWOProShares Russell 2000 High Income ETF | 51% | 0.55% | $182M | +5.6% | compare |
| RBProShares Russell 2000 Dynamic Buffer ETF | 51% | 0.58% | $1.2M | +11.0% | compare |
| IWMiShares Russell 2000 ETF | 51% | 0.19% | $78.9B | +11.0% | compare |
| VTWOVanguard Russell 2000 ETF | 51% | 0.06% | $16.4B | +10.9% | compare |
| RSSLGlobal X Russell 2000 ETF | 50% | 0.08% | $1.4B | +10.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 15, 2026issuer data- Holdings vs fair value
- +14.7% 51% under, 23% over · 97% covered
- Price / earnings
- 227.9 30% loss-making · 95% covered
- Price / book · sales
- 2.0 · 1.2 revenue growth +8.8%
- Above 200-day average
- 52% 31% above 50-day · by weight
- Short interest
- 10.6% of float, weighted · 5.7 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 51% net selling
- 13F holders
- +5.0% change in shares held by institutions, latest quarter
- Reporting earnings
- 10.4% of weight in 7 days; 32.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.66%
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
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | RNAMAvidity Biosciences, Inc. | 0.15% | — | — |
| Increase | CDECoeur Mining, Inc. | 0.32% | 0.21% | +59.7% |
| Exit | FOLDAmicus Therapeutics, Inc. | 0.08% | — | — |
| Exit | TPHTRI Pointe Homes, Inc. | 0.07% | — | — |
| Exit | ACLXArcellx, Inc. | 0.07% | — | — |
| Exit | TERNTerns Pharmaceuticals, Inc. | 0.07% | — | — |
| Exit | TGNATEGNA, Inc. | 0.06% | — | — |
| Increase | DOCNDigitalOcean Holdings, Inc. | 0.07% | 0.13% | +11.3% |
| Increase | PLPlanet Labs PBC | 0.10% | 0.15% | +13.4% |
| Exit | INTWFCSG Systems International, Inc. | 0.04% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 9.0%. Full holdings and history
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 5 active of 39 with agreements; top 3 did 91%
- Created · redeemed
- $229M · $475M over the fiscal year
- Redemptions in kind
- 41% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.30% of assets on loan on average; earned 3.0 bp
- 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 2026-10-16
Holdings
1992
AUM
$873.3M
Provider
ProShares
Inception
2010-02-09
Exchange
ARCX
Data As Of
2026-10-16
Expense Ratio
0.95%
Dividend Yield
1.03%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-29 | $0.1800 | CD |
| 2026-06-24 | 2026-06-30 | $0.1699 | CD |
| 2026-03-25 | 2026-03-31 | $0.0874 | CD |
| 2025-12-24 | 2025-12-31 | $0.1934 | CD |
| 2025-09-24 | 2025-09-30 | $0.1786 | CD |
| 2025-06-25 | 2025-07-01 | $0.0405 | CD |
Asset Allocation
Top Holdings
top 50 of 1992 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Russell 2000 Index SWAP UBS AG | 50.00% | Derivative | — |
| — | Russell 2000 Index SWAP Societe Generale | 44.84% | Derivative | — |
| — | Russell 2000 Index SWAP Goldman Sachs International | 39.82% | Derivative | — |
| — | Russell 2000 Index SWAP Barclays Capital | 28.56% | Derivative | — |
| — | Russell 2000 Index SWAP BNP Paribas | 23.48% | Derivative | — |
| — | Russell 2000 Index SWAP Bank of America NA | 21.21% | Derivative | — |
| — | E-MINI RUSS 2000 EQUITY INDEX 18/DEC/2026 RTYZ6 INDEX | 20.23% | Derivative | — |
| — | Russell 2000 Index SWAP Citibank NA | 19.99% | Derivative | — |
| — | Net Other Assets (Liabilities) | 19.37% | Cash/Money Market | — |
| IQMM | PROSHARES GENIUS MNY MKT ETF | 18.96% | Cash/Money Market | — |
| — | TREASURY BILL | 9.89% | Treasury | US |
| MOG.A | MOOG INC-CLASS A | 0.19% | Equity (US) | US |
| BTSG | BRIGHTSPRING HEALTH SERVICES | 0.18% | Equity (US) | US |
| UMBF | UMB FINANCIAL CORP | 0.17% | Equity (US) | US |
| SM | SM ENERGY CO | 0.17% | Equity (US) | US |
| GKOS | GLAUKOS CORP | 0.17% | Equity (US) | US |
| FROG | JFROG LTD | 0.16% | Equity (US) | US |
| EAT | BRINKER INTERNATIONAL INC | 0.16% | Equity (US) | US |
| PCVX | VAXCYTE INC | 0.16% | Equity (US) | US |
| CTRE | CARETRUST REIT INC | 0.16% | Equity (US) | US |
| TWST | TWIST BIOSCIENCE CORP | 0.16% | Equity (US) | US |
| FCFS | FIRSTCASH HOLDINGS INC | 0.16% | Equity (US) | US |
| ONB | OLD NATIONAL BANCORP | 0.16% | Equity (US) | US |
| JXN | JACKSON FINANCIAL INC-A | 0.15% | Equity (US) | US |
| RHP | RYMAN HOSPITALITY PROPERTIES | 0.15% | Equity (US) | US |
| CYTK | CYTOKINETICS INC | 0.15% | Equity (US) | US |
| PBF | PBF ENERGY INC-CLASS A | 0.15% | Equity (US) | US |
| IDCC | INTERDIGITAL INC | 0.15% | Equity (US) | US |
| KRYS | KRYSTAL BIOTECH INC | 0.15% | Equity (US) | US |
| TXG | 10X GENOMICS INC-CLASS A | 0.15% | Equity (US) | US |
| PTGX | PROTAGONIST THERAPEUTICS INC | 0.14% | Equity (US) | US |
| TGTX | TG THERAPEUTICS INC | 0.14% | Equity (US) | US |
| HQY | HEALTHEQUITY INC | 0.14% | Equity (US) | US |
| OSCR | OSCAR HEALTH INC - CLASS A | 0.14% | Equity (US) | US |
| VSAT | VIASAT INC | 0.14% | Equity (US) | US |
| SLAB | SILICON LABORATORIES INC | 0.13% | Equity (US) | US |
| CMC | COMMERCIAL METALS CO | 0.13% | Equity (US) | US |
| ACA | ARCOSA INC | 0.13% | Equity (US) | US |
| ZETA | ZETA GLOBAL HOLDINGS CORP-A | 0.13% | Equity (US) | US |
| MATX | MATSON INC | 0.13% | Equity (US) | US |
| ZWS | ZURN ELKAY WATER SOLUTIONS C | 0.13% | Equity (US) | US |
| HUT | HUT 8 CORP | 0.13% | Equity (US) | US |
| ALKS | ALKERMES PLC | 0.12% | Equity (US) | — |
| FSS | FEDERAL SIGNAL CORP | 0.12% | Equity (US) | US |
| TRNO | TERRENO REALTY CORP | 0.12% | Equity (US) | US |
| ANF | ABERCROMBIE & FITCH CO-CL A | 0.12% | Equity (US) | US |
| SSRM | SSR MINING INC | 0.12% | Equity (US) | — |
| COMP | COMPASS INC - CLASS A | 0.12% | Equity (US) | US |
| MAC | MACERICH CO/THE | 0.12% | Equity (US) | US |
| ESE | ESCO TECHNOLOGIES INC | 0.12% | Equity (US) | US |
Non-Equity Breakdown
ProShares UltraPro Russell2000 ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$352M
· 1926 total positions
· equity 36.00%
· non-equity 64.83%
Non-equity holdings
— 22 positions,
64.83% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 24.62% | $86.6M | 8 |
| Other | 18.49% | $65.1M | 7 |
| Short-term investment | 10.97% | $38.6M | 3 |
| Repurchase agreement | 10.75% | $37.8M | 4 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 18.38% | -30.42% | 32.34% | -11.57% | 5.70% | 12.18% | 4.43% |
| Feb | 9.68% | -1.55% | -11.22% | 10.27% | -13.23% | -2.48% | -1.42% |
| Mar | -8.68% | 7.45% | -17.05% | 5.71% | -14.39% | -18.60% | -7.59% |
| Apr | 0.69% | -30.40% | -7.11% | -18.52% | -13.05% | 35.96% | -5.41% |
| May | -1.84% | -6.07% | -4.66% | 13.03% | 12.06% | 10.74% | 3.88% |
| Jun | 1.52% | -24.17% | 19.41% | -3.40% | 14.48% | 10.67% | 3.08% |
| Jul | -13.85% | 27.74% | 16.63% | 34.79% | 0.52% | -9.92% | 9.32% |
| Aug | 7.46% | -7.84% | -14.73% | 1.97% | 28.64% | -3.46% | 2.01% |
| Sep | -10.88% | -25.78% | -20.67% | 10.16% | 9.78% | -13.05% | -8.41% |
| Oct | 7.18% | 23.26% | -17.39% | -1.74% | 2.47% | -9.68%* | 0.68% |
| Nov | -19.65% | 2.80% | 24.28% | 31.35% | 1.96% | -- | 8.15% |
| Dec | 12.54% | -19.91% | 26.38% | -24.97% | 0.06% | -- | -1.18% |
| Total | -4.87% | -67.64% | 5.50% | 34.46% | 29.97% | 1.34% | -0.21% |
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: $67.97
SMA 50: $76.04
SMA 200: $70.99
Current: $61.23
EMA 12: $65.93
EMA 26: $69.30
MACD: -3.3683 | Signal: -0.2552
BEARISH
ADX (14): 43.45
STRONG TREND
+DI: 11.71
−DI: 38.93
Momentum Oscillators
RSI (14): 30.64
NEUTRAL
Stoch %K: 13.70
Stoch %D: 16.74
Williams %R: -96.14
Volume & Volatility
BB Upper: $74.27
BB Lower: $61.66
OVERSOLD
OBV: 25,432,649
Vol SMA 20: 412,197
Vol ROC: 63.41%
ATR: $2.80
True Range: $4.20
HV 20: 44.0%
HV 30: 39.1%
HV 60: 41.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis
URTY Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 7/10
URTY is exhibiting a bearish technical setup overlaid on elevated volatility and macro uncertainty, though sentiment signals remain muted. The primary concern is a strong downtrend established by ADX (39.60) with a clear directional bias favoring sellers (-DI: 33.13 vs +DI: 15.24). The stock is trading $2.39 below its 20-day moving average ($71.49) and significantly below its 50-day average ($78.72), indicating intermediate-term weakness. However, RSI at 38.51 suggests the selloff may not be exhausted, while the options market is pricing modest volatility expectations that don't fully capture the underlying risk profile.
Investment Thesis: URTY faces headwinds from deteriorating momentum (MACD at -2.91 with bearish histogram) and established downtrend structure, despite neutral macro sentiment. The 3.55 beta and 35-39% volatility regimes indicate this is a high-risk, defensive positioning environment. Recovery probability depends on holding support at $66.01 (lower Bollinger Band) and reversing the -DI/+DI imbalance.
Recent News Sentiment Impact: Neutral macro headlines (primarily dated 2023-2024) lack specificity to URTY and reflect broader economic debate rather than company catalysts. This ambiguity suggests sector/macro headwinds rather than stock-specific negatives driving current weakness.
Technical Analysis
Trend Direction
| Timeframe | Assessment | Key Evidence | |-----------|-----------|--------------| | Short-term (1-4 weeks) | DOWNTREND | Price ($69.10) below SMA20 ($71.49), SMA50 ($78.72); -DI dominance (33.13 vs 15.24) | | Medium-term (1-3 months) | DOWNTREND | Price significantly below SMA50 and SMA200; ADX 39.60 confirms strong directional trend | | Long-term (3-12 months) | MIXED/CONSOLIDATION | Price near SMA200 ($70.65) suggests support testing zone; trend could reverse if support holds |
Support/Resistance Levels
| Level | Type | Significance | Distance | |-------|------|--------------|----------| | $66.01 | Support (Lower BB) | Primary support zone; -2σ Bollinger Band | -4.5% downside | | $69.10 | Current Price | Recent trading level | — | | $71.49 | Resistance (SMA20) | Near-term resistance; bearish when price trades below | +3.5% upside | | $70.65 | Support (SMA200) | Intermediate support; trend pivot point | -2.2% downside | | $76.96 | Resistance (Upper BB) | Significant resistance; +2σ band | +11.3% upside | | $78.72 | Resistance (SMA50) | Major resistance; intermediate-term trend break | +13.9% upside |
Critical Observation: The stock is compressed between the 200-day MA ($70.65) and 20-day MA ($71.49)—a narrow $0.84 band. This represents a potential breakout/breakdown decision point in the next 1-4 weeks.
Momentum Signals
RSI (14): 38.51 — NEUTRAL, Leaning Bearish
- Reading is technically neutral (30-70 range) but positioned in the lower half, indicating bears have momentum
- Not yet oversold (<30), suggesting further downside is possible without capitulation signals
- A drop below 30 would indicate extreme oversold conditions and potential mean-reversion bounce
MACD: -2.91 / Signal: 0.19 / Histogram: -3.11 — BEARISH CROSSOVER
- Negative histogram (-3.11) shows MACD remains below signal line—classic bearish alignment
- Distance of -2.91 from signal (0.19) indicates strengthening bearish momentum, not weakening
- No convergence toward bullish crossover visible; momentum is deteriorating rather than improving
- This is a key bearish signal confirming downtrend continuation risk
Stochastic Oscillators:
- %K (44.01) and %D (35.35) are both in lower neutral territory, neither overbought nor oversold
- Slight upward slope in %K relative to %D suggests minimal oversold relief, but no reversal signal
- Williams %R (-63.07) is moderately weak but not extreme; more room to deteriorate
Bollinger Bands: NEUTRAL with Downside Bias
- Width of 15.32 is moderate—not in a squeeze, not in wide volatility expansion
- Price at $69.10 is positioned slightly below middle band ($71.49) but well above lower band ($66.01)
- No mean-reversion signal active; room for further decline toward $66 support
- Upper band at $76.96 is a secondary resistance target if recovery initiates
Volume Analysis
| Metric | Value | Interpretation | |--------|-------|-----------------| | Volume vs SMA20 | Current implied normal | No extreme volume surge; institutional participation not aggressive | | Volume ROC | +30.01% | Volume increased 30% vs historical average—suggests possible accumulation or distribution; insufficient data to determine direction | | OBV | 30.4M (positive) | Cumulative volume flow is positive; bulls haven't surrendered despite price weakness | | Volume Profile | 296 calls vs 240 puts (calls higher) | Slight bullish lean in options volume, but put/call ratio 0.81 suggests neutral positioning |
Volume Assessment: The +30% volume ROC paired with OBV remaining positive is contradictory to pure selling pressure. This suggests institutional volume may be supporting the decline (bearish distribution) or accumulating at lower levels (bullish foundation). Without directional confirmation, this is a data ambiguity requiring monitoring.
News & Sentiment Analysis
Recent Headlines Summary
All six headlines are macro-focused, not company-specific, spanning from July 2023 to January 2024:
- Economic Theme: Divided between recession risks vs. disinflation narratives
- Debate Framing: Fed policy impact, job market strength, inflation trajectory
- Recency: Latest article is January 25, 2024 (recent but non-urgent)
- URTY Relevance: Given the 3.55 beta, URTY is a high-beta equity proxy sensitive to macro sentiment
Sentiment Assessment
Aggregate Sentiment: NEUTRAL
- All six articles tagged as NEUTRAL sentiment in source data
- No earnings misses, product announcements, regulatory actions, or management changes
- Headlines reflect macro debate rather than conviction in either direction
- This neutral stance is surprising for a 3.55-beta stock; typically high-beta equities would show stronger sentiment correlation
Key Observation: The mismatch between neutral headlines and strong technical downtrend suggests sentiment lags price action. The stock may have already repriced macro risks that news headlines haven't yet fully articulated.
Catalyst Identification
| Catalyst | Type | Timeline | Potential Impact | |-----------|------|----------|-----------------| | Fed Policy Statement | Macro | Ongoing (quarterly) | High (affects discount rates for high-beta equities) | | NFP/Jobs Report | Macro | Monthly (first Friday) | High (recession vs soft-landing narrative) | | CPI/Inflation Data | Macro | Monthly (mid-month) | High (Fed rate expectations) | | Earnings Season | Company | Q1 (typically April-May) | Medium (no current date provided) | | URTY-Specific Catalysts | Unknown | No data available | Critical Gap |
Data Quality Flag: The absence of any URTY-specific catalysts (earnings dates, product launches, regulatory events, management announcements) is a significant limitation. Without company-level catalysts, the stock is purely a macro/beta play subject to market-wide risk sentiment.
Market Narrative
Headline Narrative: U.S. economic resilience + disinflation without recession Technical Reality: Strong downtrend with seller dominance (-DI 33.13 vs +DI 15.
Generated
News
All URTY news →
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URTY Options Activity & IV Rank
URTY IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 59.2%
7-DTE IV: —
Expected Move: $8.95
7-DTE Move: $1.43
Days to Exp: 35 (2026-11-20)
Options Flow
Call Volume: 366
Put Volume: 151
P/C Volume: 0.413
BULLISH
Call OI: 1,164
Put OI: 1,183
P/C OI: 1.016
Total OI: 2,347
ATM Options Pricing
ATM Call: $5.10
ATM Put: $3.85
Call %: 8.3%
Put %: 6.3%
Chain Summary
Chain Volume: 1,679
Chain OI: 5,520
Last Updated: 10/16/2026
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 15th 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
15%
vs own history
GEX tilt
-0.09
OI-weighted, today
Vanna tilt
+0.11
δ-sensitivity to IV
Charm tilt
-0.17
δ-decay vs time
? What is this?
· 15 ATM contracts, 1k 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 16 · No data
30 DTE / 10d
100%
+37.8
pts
EXTREME
as of Oct 16 · ATM 59.5% / Wing 97.3%
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)37.6MediumOct 16
Straddle Price (30 DTE)$8.95Oct 16
Beta Analysis
Risk Metrics
Beta: 3.5328
Alpha: -27.30%
Correlation: 0.8245
R-Squared: 68.0%
Stock Volatility: 54.6%
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
URTY 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.
3 filers$17.83M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $14.09M | 79.03% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $2.66M | 14.89% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.08M | 6.08% | 2026-06-30 |
3 filers$14.87M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.52M | 50.59% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $5.72M | 38.48% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.62M | 10.93% | 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
388.25K
SI % of Float
9.36%
Days to Cover
1.13
Short Vol Ratio
31.3%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-16
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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