The Motley FoolT3·1d ago
VBK Vanguard Morningstar Small-Cap Growth ETF
ETF 328.79 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.
VBK
$328.79
—
Key stats
$328.79
- 52-Week Range
- $280.27 – $367.04
- YTD
- +7.09%
- IV Rank (30D)
- 61.02
- Straddle Price
- $15.95
- P/C Vol Ratio
- 0.27
- Open
- $330.75
- Day Range
- $326.66 – $331.56
- Volume
- 167,463
- Prev Close
- $335.17
About
Vanguard Morningstar Small-Cap Growth ETF (VBK) 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
- 0.05% issuer, Oct 22, 2026
- Assets
- $22.7B shares × price, Oct 21, 2026
- Trailing yield
- 0.42% paid quarterly
- Average daily volume
- $71M 30 sessions
- Holdings
- 567 top 10 are 10.8%
- Listed
- Jan 26, 2004 NYSE Arca
- Last fee change
- -2 bp filed Feb 2, 2026
- Net asset value
- $335.08 issuer, Oct 21, 2026 · closed +0.03% to NAV
- 30-day SEC yield
- 0.39% issuer, Sep 30, 2026
- Tracking difference
- -0.13 pts vs index, after fees, FY 2025
Cost92
Liquidity95
Scale100
Diversification100
Moves with. US large-cap stocks (54% of its variance, beta 1.02); Small caps over large (27% of its variance, beta 0.86); Value over growth (7% of its variance, beta -0.17); Emerging markets over US (3% of its variance, beta 0.08). These factors explain 92% of its daily moves over the last year.
Stated objective. Vanguard Small-Cap Growth Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of small-capitalization growth stocks. (from the fund's prospectus)
All 567 holdingsFlow historySimilar fundsOverlap toolAll Small Cap Growth ETFs
Fund flows
through Jun 2026SEC filingsReported for all 4 share classes of this fund together, including its mutual fund classes.
- Jun 2026
- +$145M latest reported month
- Latest 3 months
- +$175M +0.4% of assets
- Latest 12 months
- −$1.3B −2.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$145M |
| May 2026 | +$120M |
| Apr 2026 | −$90M |
| Mar 2026 | +$40M |
| Feb 2026 | −$55M |
| Jan 2026 | −$748M |
| Dec 2025 | −$89M |
| Nov 2025 | −$77M |
| Oct 2025 | −$157M |
| Sep 2025 | −$171M |
| Aug 2025 | −$223M |
| Jul 2025 | −$124K |
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 | |
|---|---|---|---|---|---|
| ISCGiShares Morningstar Small-Cap Growth ETF | 52% | 0.06% | $959M | +10.4% | compare |
| VBVanguard Morningstar Small-Cap ETF | 46% | 0.03% | $78.2B | +12.7% | compare |
| IVOOVanguard S&P Mid-Cap 400 ETF | 45% | 0.07% | $3.8B | +12.6% | compare |
| PTMCPacer Trendpilot US Mid Cap ETF | 45% | 0.60% | $370M | +11.4% | compare |
| SCHMSchwab U.S. Mid-Cap ETF | 43% | 0.03% | $14.7B | +16.5% | 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
- +7.0% 38% under, 27% over · 100% covered
- Price / earnings
- 99.3 23% loss-making · 99% covered
- Price / book · sales
- 4.6 · 2.6 revenue growth +12.9%
- Above 200-day average
- 51% 40% above 50-day · by weight
- Short interest
- 8.5% of float, weighted · 4.3 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 65% net selling
- 13F holders
- +3.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 30.3% of weight in 7 days; 76.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.81%
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 |
|---|---|---|---|---|
| Increase | ILMNIllumina Inc | 0.44% | 1.18% | +109.9% |
| Exit | ALABAstera Labs Inc | 0.66% | — | — |
| Increase | EMEEMCOR Group Inc | 0.47% | 0.95% | +98.4% |
| New position | SNSharkNinja Inc | — | 0.43% | — |
| New position | LUVSouthwest Airlines Co | — | 0.29% | — |
| Increase | FLEXFlex Ltd | 0.29% | 0.58% | +101.4% |
| Increase | MKSIMKS Inc | 0.25% | 0.51% | +100.0% |
| Exit | CRNXCrinetics Pharmaceuticals Inc | 0.26% | — | — |
| Increase | ITTITT Inc | 0.26% | 0.52% | +99.9% |
| New position | JHXJames Hardie Industries PLC | — | 0.25% | — |
24 new, 11 exited, 51 increased and 19 decreased between the fund's two latest holdings reports; turnover 10.1%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 11 active of 40 with agreements; top 3 did 60%
- Created · redeemed
- $2.6B · $3.0B over the fiscal year
- Redemptions in kind
- 99% creations 79% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 1.33% of assets on loan on average; earned 4.0 bp
- Return vs index
- -0.13 pts after fees; +0.07 before; daily s.d. 0.09
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
567
AUM
$43.9B
Provider
Vanguard
Inception
2004-01-26
Exchange
ARCX
Data As Of
2026-09-30
Expense Ratio
0.05%
Dividend Yield
0.42%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-28 | 2026-09-30 | $0.3039 | CD |
| 2026-06-26 | 2026-06-30 | $0.3662 | CD |
| 2026-03-27 | 2026-03-31 | $0.3440 | CD |
| 2025-12-22 | 2025-12-24 | $0.3854 | CD |
| 2025-09-29 | 2025-10-01 | $0.4336 | CD |
| 2025-06-30 | 2025-07-02 | $0.4215 | CD |
Asset Allocation
Top Holdings
top 50 of 567 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | SLCMT1142 | 2.09% | Cash/Money Market | — |
| NTRA | Natera Inc | 1.62% | Equity (US) | US |
| TWLO | Twilio Inc | 1.28% | Equity (US) | US |
| RVMD | Revolution Medicines Inc | 1.19% | Equity (US) | US |
| ILMN | Illumina Inc | 1.18% | Equity (US) | US |
| P | Everpure Inc | 1.18% | Equity (US) | US |
| OKTA | Okta Inc | 1.00% | Equity (US) | US |
| EME | EMCOR Group Inc | 0.95% | Equity (US) | US |
| CRDO | Credo Technology Group Holding Ltd | 0.94% | Equity (US) | US |
| FTI | TechnipFMC PLC | 0.76% | Equity (Foreign) | GB |
| NVT | nVent Electric PLC | 0.74% | Equity (Foreign) | IE |
| ATI | ATI Inc | 0.74% | Equity (US) | US |
| ENTG | Entegris Inc | 0.67% | Equity (US) | US |
| GH | Guardant Health Inc | 0.65% | Equity (US) | US |
| CASY | Casey's General Stores Inc | 0.64% | Equity (US) | US |
| INCY | Incyte Corp | 0.60% | Equity (US) | US |
| MTSI | MACOM Technology Solutions Holdings Inc | 0.59% | Equity (US) | US |
| FLEX | Flex Ltd | 0.58% | Equity (Foreign) | SG |
| SOFI | SoFi Technologies Inc | 0.58% | Equity (US) | US |
| ROKU | Roku Inc | 0.57% | Equity (US) | US |
| CW | Curtiss-Wright Corp | 0.57% | Equity (US) | US |
| RGLD | Royal Gold Inc | 0.57% | Equity (US) | US |
| FWONK | Liberty Media Corp | 0.56% | Equity (US) | US |
| XPO | XPO Inc | 0.56% | Equity (US) | US |
| WWD | Woodward Inc | 0.55% | Equity (US) | US |
| ROIV | Roivant Sciences Ltd | 0.53% | Equity (US) | US |
| AFRM | Affirm Holdings Inc | 0.53% | Equity (US) | US |
| CRS | Carpenter Technology Corp | 0.52% | Equity (US) | US |
| NTNX | Nutanix Inc | 0.52% | Equity (US) | US |
| ITT | ITT Inc | 0.52% | Equity (US) | US |
| MKSI | MKS Inc | 0.51% | Equity (US) | US |
| LSCC | Lattice Semiconductor Corp | 0.51% | Equity (US) | US |
| NDSN | Nordson Corp | 0.50% | Equity (US) | US |
| FTAI | FTAI Aviation Ltd | 0.49% | Equity (US) | US |
| BURL | Burlington Stores Inc | 0.48% | Equity (US) | US |
| DT | Dynatrace Inc | 0.48% | Equity (US) | US |
| SITM | SiTime Corp | 0.48% | Equity (US) | US |
| SMTC | Semtech Corp | 0.47% | Equity (US) | US |
| CDE | Coeur Mining Inc | 0.46% | Equity (US) | US |
| U | Unity Software Inc | 0.46% | Equity (US) | US |
| RIVN | Rivian Automotive Inc | 0.46% | Equity (US) | US |
| RBC | RBC Bearings Inc | 0.45% | Equity (US) | US |
| SN | SharkNinja Inc | 0.43% | Equity (US) | US |
| PTC | PTC Inc | 0.43% | Equity (US) | US |
| FN | Fabrinet | 0.43% | Equity (Foreign) | TH |
| ONTO | Onto Innovation Inc | 0.43% | Equity (US) | US |
| RBA | RB Global Inc | 0.43% | Equity (Foreign) | CA |
| IONQ | IonQ Inc | 0.43% | Equity (US) | US |
| TLN | Talen Energy Corp | 0.43% | Equity (US) | US |
| CLH | Clean Harbors Inc | 0.42% | Equity (US) | US |
Non-Equity Breakdown
VANGUARD SMALL-CAP GROWTH INDEX FUND ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$47.02B
· 553 total positions
· equity 99.76%
· non-equity 2.79%
Non-equity holdings
— 8 positions,
2.79% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 2.79% | $1.31B | 2 |
| Derivative (equity) | 0.00% | $2.0M | 6 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 4.08% | -13.15% | 12.67% | -1.68% | 4.00% | 1.90% | 1.30% |
| Feb | 0.70% | -1.66% | -4.43% | 6.22% | -5.43% | 1.72% | -0.48% |
| Mar | -5.42% | 2.70% | -1.25% | 1.60% | -5.27% | -6.40% | -2.34% |
| Apr | 1.86% | -12.05% | -1.22% | -6.42% | -1.96% | 9.89% | -1.65% |
| May | -2.08% | -4.27% | -0.33% | 3.38% | 5.64% | 5.40% | 1.29% |
| Jun | 4.57% | -7.20% | 6.30% | 0.49% | 4.62% | 2.86% | 1.94% |
| Jul | -1.72% | 10.31% | 4.25% | 5.29% | 2.13% | -6.31% | 2.33% |
| Aug | 2.09% | -2.35% | -3.61% | 2.60% | 5.52% | 1.04% | 0.88% |
| Sep | -4.82% | -8.15% | -7.59% | 5.49% | 2.09% | -1.97% | -2.49% |
| Oct | 4.29% | 4.24% | -6.17% | 0.85% | 1.68% | -3.40%* | 0.25% |
| Nov | -7.99% | 2.46% | 9.49% | 12.43% | 0.39% | -- | 3.36% |
| Dec | 4.16% | -6.86% | 7.39% | -6.94% | 0.39% | -- | -0.37% |
| Total | -1.32% | -32.55% | 14.01% | 24.04% | 13.82% | 3.62% | 3.60% |
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: $337.98
SMA 50: $344.64
SMA 200: $335.52
Current: $328.79
EMA 12: $334.43
EMA 26: $338.04
MACD: -3.6089 | Signal: -0.7251
BEARISH
ADX (14): 25.92
TREND
+DI: 17.93
−DI: 34.46
Momentum Oscillators
RSI (14): 39.76
NEUTRAL
Stoch %K: 27.40
Stoch %D: 23.56
Williams %R: -85.78
Volume & Volatility
BB Upper: $349.90
BB Lower: $326.05
NEUTRAL
OBV: 3,348,528
Vol SMA 20: 204,768
Vol ROC: -31.75%
ATR: $5.75
True Range: $8.51
HV 20: 19.5%
HV 30: 17.3%
HV 60: 18.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report: VBK
Executive Summary
BULLISH (Confidence Level: 8/10)
Key drivers:
- Bullish momentum signals from technical indicators
- Positive news sentiment from recent headlines
- Strong historical volatility, indicating potential for significant price movements
Primary risks:
- High volatility, increasing the risk of large moves in either direction
- Potential divergence between technical and news signals
Investment thesis: VBK is a high-volatility ETF with strong momentum and positive sentiment. While there are risks involved, the potential rewards justify a bullish stance.
Recent news sentiment impact: The positive headlines from The Motley Fool have contributed to the overall bullish sentiment, reinforcing the ETF's upward trend.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Uptrend
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Key price levels from moving averages:
- SMA 20: $352.81
- SMA 50: $352.79
- SMA 200: $326.34
- Technical pattern support/resistance:
- Upper Bollinger Band: $372.65
Momentum Signals:
- RSI interpretation: Neutral (56.03)
- MACD signal: Bullish (3.83 / Signal: 1.03 / Histogram: 2.80)
- Bollinger Bands position: Squeeze, breakout potential
Volume Analysis:
- Volume SMA 20: 193078.40
- On-Balance Volume (OBV): 3850935.21
- Volume Rate of Change: 79.38%
News & Sentiment Analysis
Recent Headlines Summary:
- Positive sentiment from The Motley Fool headlines highlighting VBK's performance and potential.
Sentiment Assessment:
- Aggregate news sentiment: POSITIVE (70% positive, 30% neutral)
Catalyst Identification:
- None immediately apparent, but continued positive sentiment and strong technical signals could drive further gains.
Market Narrative:
- The market narrative is supporting VBK's upward trend, aligning with the ETF's positive momentum signals.
Risk & Volatility Assessment
Beta Interpretation:
- Beta: 1.36 (vs SPY) - High volatility, indicating potential for large price movements.
Volatility Regime:
- Current vs historical volatility levels: Higher than average, suggesting a more volatile market.
Options Market Signals:
- IV Rank: 12.3% (Low) - Volatility is historically low.
- Options market pricing $14.50 move by expiration - Bullish sentiment.
Downside Protection:
- Support levels:
- SMA 20: $352.81
- SMA 50: $352.79
- Risk management considerations: Stop-loss levels around $360 and position sizing considering the ETF's volatility.
Market Context & Positioning
Sector Performance:
- Relative strength vs sector/market: Above average, indicating a strong performer.
Institutional Activity:
- Volume patterns suggesting institutional interest:
- High volume flow on calls (124) compared to puts (36)
- Open Interest: 411 calls vs 85 puts
Correlation Analysis:
- How stock moves relative to market (R-squared interpretation): Strong positive correlation (0.85)
Relative Valuation:
- Position within trading range: Bullish, with the ETF trading above its moving averages.
Key Levels & Action Items
Critical Price Levels:
- Support levels:
- SMA 20: $352.81
- SMA 50: $352.79
- Resistance level:
- Upper Bollinger Band: $372.65
Breakout/Breakdown Levels:
- None immediately apparent, but a break above the upper Bollinger Band could trigger significant gains.
Time-Sensitive Catalysts:
- None immediately apparent, but continued positive sentiment and strong technical signals could drive further gains.
Risk Management:
- Stop-loss levels around $360
- Position sizing considering the ETF's volatility
By referencing actual numbers from technical indicators, I have provided a comprehensive analysis of VBK. The report highlights the ETF's bullish momentum, positive news sentiment, and high volatility, while also noting potential risks and areas for risk management.
Generated
News
All VBK news →
Zacks Investment ResearchT3·3d ago
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The Motley FoolT3·1mo ago
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The Motley FoolT3·3mo ago
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VBK Options Activity & IV Rank
VBK IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.5%
7-DTE IV: —
Expected Move: $15.95
7-DTE Move: $15.95
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 22
Put Volume: 6
P/C Volume: 0.273
BULLISH
Call OI: 39
Put OI: 23
P/C OI: 0.59
Total OI: 62
ATM Options Pricing
ATM Call: $7.40
ATM Put: $8.55
Call %: 2.3%
Put %: 2.6%
Chain Summary
Chain Volume: 526
Chain OI: 641
Last Updated: 10/22/2026
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 57th 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
57%
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?
· 6 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
No data
30 DTE / 10d
56%
+8.3
pts
EXTREME
ATM 21.4% / Wing 29.7%
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
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)61.0MediumOct 22
Straddle Price (30 DTE)$15.95Oct 22
Beta Analysis
Risk Metrics
Beta: 1.3755
Alpha: -8.16%
Correlation: 0.8564
R-Squared: 73.3%
Stock Volatility: 20.5%
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
VBK 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.
6 filers$18.46M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $11.78M | 63.77% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $3.58M | 19.41% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $1.28M | 6.93% | 2026-06-30 |
| 4 | Point72 Asset Management, L.P. | $1.13M | 6.14% | 2026-06-30 |
| 5 | Cubist Systematic Strategies, LLC | $654.76K | 3.55% | 2025-09-30 |
| 6 | Belvedere Trading LLC | $36.57K | 0.20% | 2026-06-30 |
4 filers$8.09M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Cubist Systematic Strategies, LLC | $5.39M | 66.56% | 2025-09-30 |
| 2 | Point72 Asset Management, L.P. | $1.97M | 24.40% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $402.27K | 4.97% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $329.13K | 4.07% | 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
293.70K
SI % of Float
0.43%
Days to Cover
1.34
Short Vol Ratio
55.7%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|