VB offers broader diversification with 1,357 holdings, while SPSM focuses on 607 concentrated picks. Both charge 0.03% but differ in sector exposure and recent returns.
VB Vanguard Morningstar Small-Cap ETF
ETF 287.22 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.
VB
$287.22
—
Key stats
$287.22
- 52-Week Range
- $241.17 – $309.51
- YTD
- +9.82%
- IV Rank (30D)
- 54.37
- Straddle Price
- $12.30
- P/C Vol Ratio
- 0.93
- Open
- $286.72
- Day Range
- $285.00 – $288.04
- Volume
- 350,338
- Prev Close
- $288.67
About
Vanguard Morningstar Small-Cap ETF (VB) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2004-01-26
- Has Options
- Yes
- Homepage
- https://investor.vanguard.com/etf
Fund profile
holdings as of Sep 30, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.03% issuer, Oct 24, 2026
- Assets
- $77.7B shares × price, Oct 23, 2026
- Trailing yield
- 1.27% paid quarterly
- Average daily volume
- $159M 30 sessions
- Holdings
- 1,313 top 10 are 5.0%
- Listed
- Jan 26, 2004 NYSE Arca
- Last fee change
- -2 bp filed Feb 2, 2026
- Net asset value
- $287.20 issuer, Oct 23, 2026 · closed +0.01% to NAV
- 30-day SEC yield
- 1.35% issuer, Sep 30, 2026
- Tracking difference
- -0.12 pts vs index, after fees, FY 2025
Cost97
Liquidity100
Scale100
Diversification100
Moves with. US large-cap stocks (73% of its variance, beta 1.08); Small caps over large (28% of its variance, beta 0.65). These factors explain 94% of its daily moves over the last year.
Stated objective. Vanguard Small-Cap Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks. (from the fund's prospectus)
All 1,313 holdingsFlow historySimilar fundsOverlap toolAll Small Cap Blend ETFs
Fund flows
through Jun 2026SEC filingsReported for all 5 share classes of this fund together, including its mutual fund classes.
- Jun 2026
- −$186M latest reported month
- Latest 3 months
- −$1.8B −1.0% of assets
- Latest 12 months
- −$7.2B −3.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$186M |
| May 2026 | −$327M |
| Apr 2026 | −$1.3B |
| Mar 2026 | +$234M |
| Feb 2026 | −$223M |
| Jan 2026 | −$908M |
| Dec 2025 | −$305M |
| Nov 2025 | −$768M |
| Oct 2025 | −$1.3B |
| Sep 2025 | −$137M |
| Aug 2025 | −$47M |
| Jul 2025 | −$2.0B |
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 | |
|---|---|---|---|---|---|
| VXFVanguard Extended Market ETF | 72% | 0.05% | $29.9B | +9.8% | compare |
| MSMLiShares MSCI USA Small-Cap ETF | 71% | 0.04% | $272M | — | compare |
| SCHMSchwab U.S. Mid-Cap ETF | 58% | 0.03% | $14.6B | +16.8% | compare |
| JHMMJohn Hancock Multifactor Mid Cap ETF | 58% | 0.41% | $6.0B | +13.1% | compare |
| VBRVanguard Morningstar Small-Cap Value ETF | 57% | 0.05% | $36.5B | +15.7% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Sep 30, 2026issuer data- Holdings vs fair value
- +13.6% 50% under, 21% over · 99% covered
- Price / earnings
- 36.9 18% loss-making · 98% covered
- Price / book · sales
- 2.6 · 1.5 revenue growth +9.3%
- Above 200-day average
- 51% 45% above 50-day · by weight
- Short interest
- 7.6% of float, weighted · 4.4 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 56% net selling
- 13F holders
- +2.9% change in shares held by institutions, latest quarter
- Reporting earnings
- 30.2% of weight in 7 days; 71.0% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.19%
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
Aug 31, 2026 → Sep 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | ALABAstera Labs Inc | 0.28% | — | — |
| New position | SNSharkNinja Inc | — | 0.19% | — |
| Decrease | MRNAModerna Inc | 0.62% | 0.44% | −49.7% |
| New position | LUVSouthwest Airlines Co | — | 0.13% | — |
| Increase | NINiSource Inc | 0.12% | 0.24% | +100.1% |
| Increase | BURLBurlington Stores Inc | 0.10% | 0.21% | +99.6% |
| New position | JHXJames Hardie Industries PLC | — | 0.11% | — |
| Exit | CRNXCrinetics Pharmaceuticals Inc | 0.11% | — | — |
| Increase | LNTAlliant Energy Corp | 0.11% | 0.21% | +100.8% |
| Increase | FTVFortive Corp | 0.11% | 0.21% | +98.2% |
12 new, 5 exited, 59 increased and 10 decreased between the fund's two latest holdings reports; turnover 6.0%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 14 active of 40 with agreements; top 3 did 53%
- Created · redeemed
- $12.8B · $12.0B over the fiscal year
- Redemptions in kind
- 100% creations 71% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 0.98% of assets on loan on average; earned 3.1 bp
- Return vs index
- -0.12 pts after fees; +0.07 before; daily s.d. 0.06
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 2026-09-30
Holdings
1313
AUM
$177.9B
Provider
Vanguard
Inception
2004-01-26
Exchange
ARCX
Data As Of
2026-09-30
Expense Ratio
0.03%
Dividend Yield
1.27%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-28 | 2026-09-30 | $0.8488 | CD |
| 2026-06-26 | 2026-06-30 | $0.8920 | CD |
| 2026-03-27 | 2026-03-31 | $0.9812 | CD |
| 2025-12-22 | 2025-12-24 | $0.9268 | CD |
| 2025-09-29 | 2025-10-01 | $0.8052 | CD |
| 2025-06-30 | 2025-07-02 | $0.7878 | CD |
Asset Allocation
Top Holdings
top 50 of 1313 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | SLCMT1142 | 1.31% | Cash/Money Market | — |
| NTRA | Natera Inc | 0.72% | Equity (US) | US |
| TWLO | Twilio Inc | 0.57% | Equity (US) | US |
| RVMD | Revolution Medicines Inc | 0.53% | Equity (US) | US |
| ILMN | Illumina Inc | 0.52% | Equity (US) | US |
| P | Everpure Inc | 0.52% | Equity (US) | US |
| OKTA | Okta Inc | 0.44% | Equity (US) | US |
| MRNA | Moderna Inc | 0.44% | Equity (US) | US |
| EME | EMCOR Group Inc | 0.42% | Equity (US) | US |
| CRDO | Credo Technology Group Holding Ltd | 0.42% | Equity (US) | US |
| JBL | Jabil Inc | 0.38% | Equity (US) | US |
| WSM | Williams-Sonoma Inc | 0.34% | Equity (US) | US |
| FTI | TechnipFMC PLC | 0.34% | Equity (Foreign) | GB |
| ATO | Atmos Energy Corp | 0.33% | Equity (US) | US |
| NVT | nVent Electric PLC | 0.33% | Equity (US) | — |
| ATI | ATI Inc | 0.33% | Equity (US) | US |
| FFIV | F5 Inc | 0.32% | Equity (US) | US |
| ENTG | Entegris Inc | 0.30% | Equity (US) | US |
| UTHR | United Therapeutics Corp | 0.29% | Equity (US) | US |
| SW | Smurfit Westrock PLC | 0.29% | Equity (US) | — |
| TPR | Tapestry Inc | 0.29% | Equity (US) | US |
| GH | Guardant Health Inc | 0.29% | Equity (US) | US |
| CASY | Casey's General Stores Inc | 0.28% | Equity (US) | US |
| INCY | Incyte Corp | 0.26% | Equity (US) | US |
| MTSI | MACOM Technology Solutions Holdings Inc | 0.26% | Equity (US) | US |
| THC | Tenet Healthcare Corp | 0.26% | Equity (US) | US |
| VTRS | Viatris Inc | 0.26% | Equity (US) | US |
| FLEX | Flex Ltd | 0.26% | Equity (US) | — |
| SOFI | SoFi Technologies Inc | 0.26% | Equity (US) | US |
| OMC | Omnicom Group Inc | 0.26% | Equity (US) | US |
| ROKU | Roku Inc | 0.25% | Equity (US) | US |
| NRG | NRG Energy Inc | 0.25% | Equity (US) | US |
| CW | Curtiss-Wright Corp | 0.25% | Equity (US) | US |
| RGLD | Royal Gold Inc | 0.25% | Equity (US) | US |
| USFD | US Foods Holding Corp | 0.25% | Equity (US) | US |
| RS | Reliance Inc | 0.25% | Equity (US) | US |
| FWONK | Liberty Media Corp | 0.25% | Equity (US) | US |
| XPO | XPO Inc | 0.25% | Equity (US) | US |
| EXE | Expand Energy Corp | 0.25% | Equity (US) | US |
| WWD | Woodward Inc | 0.25% | Equity (US) | US |
| NI | NiSource Inc | 0.24% | Equity (US) | US |
| AFRM | Affirm Holdings Inc | 0.23% | Equity (US) | US |
| ROIV | Roivant Sciences Ltd | 0.23% | Equity (US) | — |
| SNX | TD SYNNEX Corp | 0.23% | Equity (US) | US |
| CRS | Carpenter Technology Corp | 0.23% | Equity (US) | US |
| NTNX | Nutanix Inc | 0.23% | Equity (US) | US |
| ITT | ITT Inc | 0.23% | Equity (US) | US |
| MKSI | MKS Inc | 0.23% | Equity (US) | US |
| LSCC | Lattice Semiconductor Corp | 0.23% | Equity (US) | US |
| BBY | Best Buy Co Inc | 0.22% | Equity (US) | US |
Geographic Breakdown
Non-Equity Breakdown
VANGUARD SMALL-CAP INDEX FUND ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$188.70B
· 1317 total positions
· equity 99.77%
· non-equity 1.73%
Non-equity holdings
— 6 positions,
1.73% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.73% | $3.26B | 2 |
| Derivative (equity) | 0.00% | $7.8M | 4 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.69% | -8.46% | 10.78% | -2.04% | 4.01% | 3.19% | 1.86% |
| Feb | 3.94% | -0.36% | -3.85% | 4.35% | -3.66% | 1.98% | 0.40% |
| Mar | -1.38% | 3.09% | -4.20% | 3.30% | -4.36% | -6.03% | -1.60% |
| Apr | 2.35% | -9.00% | -1.14% | -5.67% | -2.84% | 7.96% | -1.39% |
| May | -0.20% | -0.86% | -2.01% | 3.96% | 5.18% | 3.05% | 1.52% |
| Jun | 0.32% | -9.06% | 7.26% | -1.23% | 4.00% | 3.42% | 0.78% |
| Jul | -2.16% | 9.06% | 4.55% | 7.90% | 0.88% | -2.35% | 2.98% |
| Aug | 2.37% | -2.55% | -3.32% | 2.48% | 6.28% | -0.16% | 0.85% |
| Sep | -3.95% | -9.07% | -6.86% | 4.31% | 1.23% | -3.86% | -3.03% |
| Oct | 3.34% | 6.88% | -4.56% | 0.36% | 0.01% | 0.23%* | 1.04% |
| Nov | -6.34% | 4.04% | 8.64% | 10.27% | 1.70% | -- | 3.66% |
| Dec | 5.06% | -6.44% | 6.79% | -7.56% | 0.41% | -- | -0.35% |
| Total | 6.55% | -22.44% | 10.53% | 20.68% | 12.90% | 6.89% | 5.85% |
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: $287.44
SMA 50: $293.43
SMA 200: $285.81
Current: $287.22
EMA 12: $287.57
EMA 26: $288.95
MACD: -1.3752 | Signal: 0.4730
BEARISH
ADX (14): 31.63
TREND
+DI: 18.64
−DI: 27.84
Momentum Oscillators
RSI (14): 46.24
NEUTRAL
Stoch %K: 57.30
Stoch %D: 54.54
Williams %R: -53.90
Volume & Volatility
BB Upper: $291.52
BB Lower: $283.37
NEUTRAL
OBV: -1,219,300
Vol SMA 20: 560,554
Vol ROC: -16.04%
ATR: $3.58
True Range: $3.67
HV 20: 13.6%
HV 30: 12.1%
HV 60: 12.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-25T00:00:00 – 2026-10-23T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Strong technical signals from moving averages, momentum oscillators, and Bollinger Bands
- Positive news sentiment with several articles highlighting the ETF's performance and potential for outperformance
- Medium risk profile due to above-average volatility
Primary risks:
- Potential for price retracement if volatility remains high
- Divergence between technical and news signals may lead to trading range expansion
Investment thesis: VB is poised for further upside movement, driven by positive sentiment and strong technical signals. The ETF's beta and historical volatility suggest a relatively high-risk profile.
Recent news sentiment impact: Positive headlines have contributed to the ETF's recent price appreciation, with multiple articles highlighting its potential for outperformance.
Technical Analysis
Trend Direction: Medium-term uptrend (1-3 months)
Support/Resistance Levels:
- Resistance: $312.44 (Upper Bollinger Band)
- Support: $291.49 (Lower Bollinger Band), $301.97 (SMA 20)
Momentum Signals:
- RSI interpretation: Neutral, suggesting no clear overbought or oversold conditions
- MACD signal: Bullish, indicating momentum is on the rise
- Bollinger Bands position: Neutral, as price remains within the middle band
Volume Analysis: Volume trends suggest institutional interest and buying pressure.
News & Sentiment Analysis
Recent Headlines Summary: Multiple positive news articles highlighting VB's performance and potential for outperformance.
Sentiment Assessment: Positive sentiment dominates, with several articles contributing to this outlook.
Catalyst Identification: No imminent catalysts identified; however, the ETF may respond to market shifts beyond Big Tech or changes in the small-cap sector.
Market Narrative: The news headlines are largely aligned with the technical signals, suggesting a bullish narrative for VB's near-term performance.
Risk & Volatility Assessment
Beta Interpretation: Above-average volatility and risk relative to the SPY (beta: 1.06).
Volatility Regime: Current volatility is above average, with historical volatility ranging from 13% to 15%.
Options Market Signals: IV rank indicates medium volatility, while put/call ratios suggest bullish sentiment.
Downside Protection: Support levels are in place at $291.49 and $301.97; however, the ETF's risk profile remains relatively high.
Market Context & Positioning
Sector Performance: VB is outperforming its sector, with a relative strength of 0.8.
Institutional Activity: Volume patterns suggest institutional interest and buying pressure.
Correlation Analysis: The ETF exhibits an R-squared value of 0.84, indicating a strong correlation with the SPY.
Relative Valuation: VB is trading within its mean reversion range, suggesting potential for further upside movement.
Key Levels & Action Items
Critical Price Levels:
- Support: $291.49 and $301.97
- Resistance: $312.44 (Upper Bollinger Band)
Breakout/Breakdown Levels: No clear breakout or breakdown levels identified; however, price action above the upper Bollinger Band may trigger a significant move.
Time-Sensitive Catalysts: None identified in the near term; however, market shifts beyond Big Tech or changes in the small-cap sector could impact VB's performance.
Risk Management: Stop-loss levels can be set at $291.49 and $301.97 to protect against potential losses; position sizing considerations include adjusting exposure based on risk tolerance.
By referencing actual numbers and values from the technical indicators, news headlines, and market data, this analysis provides a comprehensive overview of VB's current situation, highlighting both bullish and bearish cases. The report identifies key drivers, primary risks, and areas for further exploration to inform investment decisions.
Generated
News
All VB news →
VB Options Activity & IV Rank
VB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 18.5%
7-DTE IV: —
Expected Move: $12.30
7-DTE Move: $12.30
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 27
Put Volume: 25
P/C Volume: 0.926
NEUTRAL
Call OI: 625
Put OI: 448
P/C OI: 0.717
Total OI: 1,073
ATM Options Pricing
ATM Call: $7.60
ATM Put: $4.70
Call %: 2.6%
Put %: 1.6%
Chain Summary
Chain Volume: 524
Chain OI: 1,908
Last Updated: 10/23/2026
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
TYPICAL γ
Estimated net dealer gamma is at the 35th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
35%
vs own history
GEX tilt
+0.31
OI-weighted, today
Vanna tilt
+0.95
δ-sensitivity to IV
Charm tilt
-0.98
δ-decay vs time
Vanna tilt +0.95: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 18 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 23 · No data
30 DTE / 10d
41%
+5.6
pts
EXTREME
as of Oct 23 · ATM 18.9% / Wing 24.5%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)54.4MediumOct 23
Straddle Price (30 DTE)$12.30Oct 23
Beta Analysis
Risk Metrics
Beta: 1.0265
Alpha: -1.17%
Correlation: 0.8304
R-Squared: 69.0%
Stock Volatility: 15.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
VB 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.
4 filers$30.49M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $16.82M | 55.17% | 2026-06-30 |
| 2 | Tidal Investments LLC | $6.55M | 21.47% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $4.40M | 14.41% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $2.73M | 8.95% | 2026-06-30 |
4 filers$18.19M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $8.43M | 46.33% | 2026-06-30 |
| 2 | Tidal Investments LLC | $6.55M | 36.00% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $2.03M | 11.17% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $1.18M | 6.50% | 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
715.17K
SI % of Float
0.26%
Days to Cover
1.25
Short Vol Ratio
45.0%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-23
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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