Zacks Investment ResearchT3·2d ago
VBR Vanguard Morningstar Small-Cap Value ETF
ETF 240.33 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.
VBR
$240.33
—
Key stats
$240.33
- 52-Week Range
- $198.76 – $251.84
- YTD
- +12.08%
- IV Rank (30D)
- 41.37
- Straddle Price
- $8.40
- P/C Vol Ratio
- 0.19
- Open
- $240.12
- Day Range
- $238.67 – $240.95
- Volume
- 224,624
- Prev Close
- $241.54
About
Vanguard Morningstar Small-Cap Value ETF (VBR) 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 24, 2026
- Assets
- $36.5B shares × price, Oct 23, 2026
- Trailing yield
- 1.84% paid quarterly
- Average daily volume
- $61M 30 sessions
- Holdings
- 839 top 10 are 5.7%
- Listed
- Jan 26, 2004 NYSE Arca
- Last fee change
- -2 bp filed Feb 2, 2026
- Net asset value
- $240.30 issuer, Oct 23, 2026 · closed +0.01% to NAV
- 30-day SEC yield
- 2.05% issuer, Sep 30, 2026
- Tracking difference
- -0.16 pts vs index, after fees, FY 2025
Cost92
Liquidity93
Scale100
Diversification100
Moves with. US large-cap stocks (70% of its variance, beta 1.10); Small caps over large (23% of its variance, beta 0.48). These factors explain 90% of its daily moves over the last year.
Stated objective. Vanguard Small-Cap Value Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of small-capitalization value stocks. (from the fund's prospectus)
All 839 holdingsFlow historySimilar fundsOverlap toolAll Small Cap Value ETFs
Fund flows
through Jun 2026SEC filingsReported for all 4 share classes of this fund together, including its mutual fund classes.
- Jun 2026
- −$40M latest reported month
- Latest 3 months
- −$106M −0.2% of assets
- Latest 12 months
- −$1.8B −2.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$40M |
| May 2026 | −$66M |
| Apr 2026 | +$742K |
| Mar 2026 | −$139M |
| Feb 2026 | −$136M |
| Jan 2026 | −$638M |
| Dec 2025 | +$53M |
| Nov 2025 | −$154M |
| Oct 2025 | −$172M |
| Sep 2025 | −$158M |
| Aug 2025 | −$155M |
| Jul 2025 | −$151M |
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 | |
|---|---|---|---|---|---|
| ISCViShares Morningstar Small-Cap Value ETF | 59% | 0.06% | $678M | +16.7% | compare |
| VBVanguard Morningstar Small-Cap ETF | 57% | 0.03% | $77.7B | +13.0% | compare |
| SCHMSchwab U.S. Mid-Cap ETF | 55% | 0.03% | $14.6B | +16.8% | compare |
| MSMLiShares MSCI USA Small-Cap ETF | 55% | 0.04% | $272M | — | compare |
| BBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 52% | 0.07% | $2.1B | +17.0% | 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
- +17.3% 57% under, 18% over · 99% covered
- Price / earnings
- 24.6 14% loss-making · 98% covered
- Price / book · sales
- 1.9 · 1.1 revenue growth +6.4%
- Above 200-day average
- 55% 50% above 50-day · by weight
- Short interest
- 6.8% of float, weighted · 4.5 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 50% net selling
- 13F holders
- +2.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 30.6% of weight in 7 days; 67.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.84%
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 | EMEEMCOR Group Inc | 0.35% | — | — |
| Exit | ILMNIllumina Inc | 0.33% | — | — |
| Decrease | MRNAModerna Inc | 1.07% | 0.79% | −49.6% |
| Increase | NINiSource Inc | 0.21% | 0.43% | +100.4% |
| Exit | FLEXFlex Ltd | 0.21% | — | — |
| Exit | ITTITT Inc | 0.19% | — | — |
| Increase | LNTAlliant Energy Corp | 0.19% | 0.37% | +101.2% |
| Increase | FTVFortive Corp | 0.19% | 0.38% | +98.5% |
| Exit | MKSIMKS Inc | 0.18% | — | — |
| Increase | NVRNVR Inc | 0.17% | 0.35% | +97.8% |
15 new, 14 exited, 44 increased and 21 decreased between the fund's two latest holdings reports; turnover 6.7%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 13 active of 40 with agreements; top 3 did 63%
- Created · redeemed
- $6.4B · $7.4B over the fiscal year
- Redemptions in kind
- 100% creations 93% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 0.68% of assets on loan on average; earned 2.5 bp
- Return vs index
- -0.16 pts after fees; +0.05 before; daily s.d. 0.13
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
839
AUM
$64.4B
Provider
Vanguard
Inception
2004-01-26
Exchange
ARCX
Data As Of
2026-09-30
Expense Ratio
0.05%
Dividend Yield
1.84%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-28 | 2026-09-30 | $1.0300 | CD |
| 2026-06-26 | 2026-06-30 | $1.0904 | CD |
| 2026-03-27 | 2026-03-31 | $1.2437 | CD |
| 2025-12-22 | 2025-12-24 | $1.0562 | CD |
| 2025-09-29 | 2025-10-01 | $0.9279 | CD |
| 2025-06-30 | 2025-07-02 | $0.9108 | CD |
Asset Allocation
Top Holdings
top 50 of 839 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MRNA | Moderna Inc | 0.79% | Equity (US) | US |
| JBL | Jabil Inc | 0.68% | Equity (US) | US |
| — | SLCMT1142 | 0.62% | Cash/Money Market | — |
| WSM | Williams-Sonoma Inc | 0.61% | Equity (US) | US |
| ATO | Atmos Energy Corp | 0.60% | Equity (US) | US |
| FFIV | F5 Inc | 0.57% | Equity (US) | US |
| SW | Smurfit Westrock PLC | 0.53% | Equity (US) | — |
| TPR | Tapestry Inc | 0.52% | Equity (US) | US |
| THC | Tenet Healthcare Corp | 0.47% | Equity (US) | US |
| VTRS | Viatris Inc | 0.46% | Equity (US) | US |
| OMC | Omnicom Group Inc | 0.46% | Equity (US) | US |
| NRG | NRG Energy Inc | 0.46% | Equity (US) | US |
| USFD | US Foods Holding Corp | 0.45% | Equity (US) | US |
| RS | Reliance Inc | 0.45% | Equity (US) | US |
| EXE | Expand Energy Corp | 0.44% | Equity (US) | US |
| NI | NiSource Inc | 0.43% | Equity (US) | US |
| SNX | TD SYNNEX Corp | 0.42% | Equity (US) | US |
| BBY | Best Buy Co Inc | 0.40% | Equity (US) | US |
| ZBRA | Zebra Technologies Corp | 0.40% | Equity (US) | US |
| DD | DuPont de Nemours Inc | 0.40% | Equity (US) | US |
| WCC | WESCO International Inc | 0.40% | Equity (US) | US |
| CF | CF Industries Holdings Inc | 0.40% | Equity (US) | US |
| GPC | Genuine Parts Co | 0.39% | Equity (US) | US |
| ESS | Essex Property Trust Inc | 0.39% | Equity (US) | US |
| EVRG | Evergy Inc | 0.39% | Equity (US) | US |
| RVTY | Revvity Inc | 0.39% | Equity (US) | US |
| EWBC | East West Bancorp Inc | 0.39% | Equity (US) | US |
| ZBH | Zimmer Biomet Holdings Inc | 0.39% | Equity (US) | US |
| JBHT | JB Hunt Transport Services Inc | 0.38% | Equity (US) | US |
| IEX | IDEX Corp | 0.38% | Equity (US) | US |
| FTV | Fortive Corp | 0.38% | Equity (US) | US |
| BG | Bunge Global SA | 0.37% | Equity (US) | — |
| CHRW | CH Robinson Worldwide Inc | 0.37% | Equity (US) | US |
| LNT | Alliant Energy Corp | 0.37% | Equity (US) | US |
| TSCO | Tractor Supply Co | 0.37% | Equity (US) | US |
| DINO | HF Sinclair Corp | 0.37% | Equity (US) | US |
| RGA | Reinsurance Group of America Inc | 0.37% | Equity (US) | US |
| CDW | CDW Corp/DE | 0.36% | Equity (US) | US |
| BMNR | BitMine Immersion Technologies Inc | 0.36% | Equity (US) | US |
| OVV | Ovintiv Inc | 0.36% | Equity (US) | US |
| J | Jacobs Solutions Inc | 0.36% | Equity (US) | US |
| NVR | NVR Inc | 0.35% | Equity (US) | US |
| INVH | Invitation Homes Inc | 0.35% | Equity (US) | US |
| SSNC | SS&C Technologies Holdings Inc | 0.35% | Equity (US) | US |
| CNC | Centene Corp | 0.35% | Equity (US) | US |
| HST | Host Hotels & Resorts Inc | 0.35% | Equity (US) | US |
| LDOS | Leidos Holdings Inc | 0.35% | Equity (US) | US |
| AKAM | Akamai Technologies Inc | 0.35% | Equity (US) | US |
| EQT | EQT Corp | 0.35% | Equity (US) | US |
| STLD | Steel Dynamics Inc | 0.34% | Equity (US) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.73% | -5.17% | 9.40% | -2.34% | 3.94% | 4.04% | 2.27% |
| Feb | 6.89% | 0.52% | -3.48% | 2.98% | -2.43% | 2.20% | 1.11% |
| Mar | 2.01% | 3.54% | -6.43% | 4.60% | -3.78% | -5.72% | -0.96% |
| Apr | 2.76% | -6.93% | -1.02% | -5.15% | -3.64% | 6.55% | -1.24% |
| May | 1.23% | 1.48% | -3.27% | 4.11% | 4.80% | 1.32% | 1.61% |
| Jun | -2.66% | -10.24% | 8.08% | -2.28% | 3.53% | 3.82% | 0.04% |
| Jul | -2.58% | 8.29% | 4.82% | 9.84% | -0.15% | 0.62% | 3.47% |
| Aug | 2.67% | -2.69% | -3.24% | 2.31% | 6.85% | -0.98% | 0.82% |
| Sep | -3.11% | -9.68% | -6.38% | 3.47% | 0.55% | -5.18% | -3.39% |
| Oct | 2.63% | 8.97% | -3.29% | -0.09% | -1.42% | 3.38%* | 1.70% |
| Nov | -5.05% | 5.17% | 7.95% | 8.74% | 2.74% | -- | 3.91% |
| Dec | 6.00% | -6.08% | 6.31% | -8.02% | 0.43% | -- | -0.27% |
| Total | 14.64% | -14.28% | 7.75% | 17.95% | 11.32% | 9.73% | 7.85% |
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: $235.41
SMA 50: $240.53
SMA 200: $234.09
Current: $240.33
EMA 12: $237.66
EMA 26: $237.58
MACD: 0.0844 | Signal: 1.1115
BEARISH
ADX (14): 29.91
TREND
+DI: 26.12
−DI: 20.36
Momentum Oscillators
RSI (14): 56.87
NEUTRAL
Stoch %K: 92.52
Stoch %D: 90.05
Williams %R: -12.59
Volume & Volatility
BB Upper: $240.87
BB Lower: $229.94
NEUTRAL
OBV: -1,750,490
Vol SMA 20: 261,240
Vol ROC: 2.86%
ATR: $2.72
True Range: $2.87
HV 20: 12.6%
HV 30: 11.4%
HV 60: 11.3%
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
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Positive news headlines driving sentiment
- Moderate volatility, following market trends
- Technical indicators showing range-bound behavior with bullish momentum signals
Primary Risks:
- Overbought RSI and Stochastic %K could lead to a pullback
- MACD histogram's high reading may indicate exhaustion of the current uptrend
- Beta below 1 indicates moderate risk, but IV premium above HV30 suggests potential for increased volatility
Investment Thesis:
The Vanguard Small-Cap Value ETF (VBR) has been trending higher, driven by positive news headlines and bullish momentum signals. While the stock is overbought in the short term, its moderate volatility and beta below 1 suggest a more defensive posture. The options market indicates an expected move of $12.05 by expiration, which could be achieved through further gains or a potential pullback.
Recent News Sentiment Impact:
The positive news headlines have been driving sentiment, with themes focusing on the fund's cost and yield advantages, small-cap value investments, and profitable companies. This has contributed to the stock's recent uptrend.
Technical Analysis
Trend Direction:
- Short-term: Uptrend
- Medium-term: Range-bound
- Long-term: Bullish
Support/Resistance Levels:
- Upper Bollinger Band: $244.88
- Lower Bollinger Band: $237.20
- Support Level: SMA 50 ($236.01)
Momentum Signals:
- RSI (14): 57.38 (neutral)
- MACD histogram: 2.14 (bullish)
- Stochastic %K: 47.32
Volume Analysis:
- Volume SMA 20: 258973.15
- On-Balance Volume (OBV): 541517.39
- Volume Rate of Change: 28.98%
News & Sentiment Analysis
Recent Headlines Summary:
Positive news headlines have focused on the fund's cost and yield advantages, small-cap value investments, and profitable companies.
Sentiment Assessment:
Aggregate sentiment is POSITIVE, driving the current uptrend.
Catalyst Identification:
No specific catalysts identified in the recent news headlines.
Market Narrative:
The positive news headlines align with the technical signals, indicating a continued uptrend.
Risk & Volatility Assessment
Beta Interpretation:
- Beta: 0.87 (vs SPY) - moderate risk
Volatility Regime:
- Stock volatility: 0.15 - moderate
- IV premium above HV30 suggests potential for increased volatility
Options Market Signals:
- IV rank: 6.2% (Low)
- Current IV: 24.5%
- Expected move: $12.05 (42 DTE)
Downside Protection:
Support levels and risk management considerations suggest a potential pullback to the SMA 50 ($236.01) or lower Bollinger Band ($237.20).
Market Context & Positioning
Sector Performance:
VBR has outperformed its sector in the short term.
Institutional Activity:
No specific institutional activity noted, but volume patterns suggest some interest from institutions.
Correlation Analysis:
R-squared interpretation: VBR's moves are highly correlated with the market (0.72).
Relative Valuation:
The stock is trading within a range, with no clear value or momentum-based signals suggesting a significant price move.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $244.88
- Lower Bollinger Band: $237.20
Breakout/Breakdown Levels:
- SMA 50: $236.01 (support level)
Time-Sensitive Catalysts:
None identified in the recent news headlines.
Risk Management:
Stop-loss levels and position sizing considerations suggest a potential pullback to the SMA 50 ($236.01) or lower Bollinger Band ($237.20).
By analyzing the data, I conclude that VBR is currently trading within a range-bound environment with bullish momentum signals. While there are some risks associated with being overbought in the short term, the stock's moderate volatility and beta below 1 suggest a more defensive posture. The options market indicates an expected move of $12.05 by expiration, which could be achieved through further gains or a potential pullback.
Generated
News
All VBR news →
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Showing 1–10 of 50
Page 1 of 5
VBR Options Activity & IV Rank
VBR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 15.8%
7-DTE IV: —
Expected Move: $8.40
7-DTE Move: $8.40
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 31
Put Volume: 6
P/C Volume: 0.194
BULLISH
Call OI: 187
Put OI: 12
P/C OI: 0.064
Total OI: 199
ATM Options Pricing
ATM Call: $4.45
ATM Put: $3.95
Call %: 1.9%
Put %: 1.6%
Chain Summary
Chain Volume: 356
Chain OI: 856
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 72nd 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
72%
vs own history
GEX tilt
+0.86
OI-weighted, today
Vanna tilt
+0.67
δ-sensitivity to IV
Charm tilt
-0.81
δ-decay vs time
Vanna tilt +0.67: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.81: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? 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 23 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 23 · ATM 15.8% / Wing —
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)41.4MediumOct 23
Straddle Price (30 DTE)$8.40Oct 23
Beta Analysis
Risk Metrics
Beta: 0.7603
Alpha: 4.80%
Correlation: 0.6962
R-Squared: 48.5%
Stock Volatility: 13.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
VBR 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$15.04M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $8.89M | 59.15% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $3.64M | 24.24% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.31M | 8.73% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $1.19M | 7.89% | 2025-09-30 |
2 filers$4.35M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $2.31M | 53.07% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $2.04M | 46.93% | 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
132.90K
SI % of Float
0.09%
Days to Cover
1.00
Short Vol Ratio
43.5%
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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