Zacks Investment ResearchT3·6d ago
VLUE iShares MSCI USA Value Factor ETF
ETF 193.80 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.
VLUE
$193.80
—
Key stats
$193.80
- 52-Week Range
- $124.55 – $206.57
- YTD
- +39.07%
- IV Rank (30D)
- 26.09
- Straddle Price
- $9.28
- P/C Vol Ratio
- 0.33
- Open
- $192.21
- Day Range
- $192.09 – $195.17
- Volume
- 462,274
- Prev Close
- $194.48
About
iShares MSCI USA Value Factor ETF (VLUE) ETF
No description available.
- Exchange
- BATS
- Inception
- 2013-04-16
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.15% issuer, Oct 22, 2026
- Assets
- $9.1B issuer-reported, Oct 20, 2026
- Trailing yield
- 1.59% paid quarterly
- Average daily volume
- $117M 30 sessions
- Holdings
- 151 top 10 are 42.6%
- Listed
- Apr 16, 2013 Cboe BZX
- Net asset value
- $194.47 issuer, Oct 21, 2026 · closed +0.02% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 1.74% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +61.1% issuer, through Sep 30, 2026 · 3 years +32.8% a year · 5 years +17.5% · 10 years +14.6%
- Distributions, 12 months
- $3.09 a share issuer, through Sep 15, 2026: 100% income
- Tracking difference
- -0.18 pts vs index, after fees, FY 2025
Cost87
Liquidity100
Scale100
Diversification45
Moves with. US large-cap stocks (56% of its variance, beta 1.23); Emerging markets over US (25% of its variance, beta 0.51); Small caps over large (8% of its variance, beta 0.37). These factors explain 72% of its daily moves over the last year.
Stated objective. The iShares MSCI USA Value Factor ETF (the Fund ) seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations. (from the fund's prospectus)
All 151 holdingsFlow historySimilar fundsOverlap toolAll Multi-Factor ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jul 2026SEC filings- Oct 20, 2026
- +$19M latest day
- Latest 5 trading days
- +$676K
- Latest 21 trading days
- −$158M −1.7% of assets
- Year to date
- −$4.3B −$4.0B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | +$19M |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | −$38M |
| Oct 15, 2026 | +$39M |
| Oct 14, 2026 | −$19M |
| Oct 13, 2026 | −$20M |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | −$20M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | −$20M |
| Oct 5, 2026 | −$60M |
| Oct 2, 2026 | −$20M |
| Oct 1, 2026 | +$50M |
| Sep 30, 2026 | −$40M |
| Sep 29, 2026 | −$30M |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | −$20M |
| Sep 24, 2026 | +$40M |
| Sep 23, 2026 | −$20M |
| Sep 22, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- −$1.0B latest reported month
- Latest 3 months
- −$4.9B −54.0% of assets
- Latest 12 months
- −$3.1B −34.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$1.0B |
| Jun 2026 | −$5.4B |
| May 2026 | +$1.6B |
| Apr 2026 | +$255M |
| Mar 2026 | +$373M |
| Feb 2026 | +$369M |
| Jan 2026 | −$234M |
| Dec 2025 | +$221M |
| Nov 2025 | −$4.8M |
| Oct 2025 | +$40M |
| Sep 2025 | +$696M |
| Aug 2025 | +$97M |
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 | |
|---|---|---|---|---|---|
| GMOVGMO US Value ETF | 36% | 0.50% | $91M | +25.3% | compare |
| QQWZPacer Cash COWZ 100-Nasdaq 100 Rotator ETF | 36% | 0.49% | $47M | +7.2% | compare |
| ITANSparkline Intangible Value ETF | 34% | 0.50% | $89M | +28.5% | compare |
| COWZPacer US Cash Cows 100 ETF | 34% | 0.49% | $19.6B | +23.5% | compare |
| IMCViShares Morningstar Mid-Cap Value ETF | 34% | 0.06% | $1.2B | +22.0% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +26.8% 75% under, 7% over · 100% covered
- Price / earnings
- 17.1 4% loss-making · 100% covered
- Price / book · sales
- 2.3 · 1.2 revenue growth +11.5%
- Above 200-day average
- 68% 32% above 50-day · by weight
- Short interest
- 3.2% of float, weighted · 2.7 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 67% net selling
- 13F holders
- +3.6% change in shares held by institutions, latest quarter
- Reporting earnings
- 24.7% of weight in 7 days; 42.3% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.86%
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
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | SJMTHE J. M. SMUCKER COMPANY | 0.23% | — | — |
| Exit | BAXBAXTER INTERNATIONAL INC. | 0.07% | — | — |
| Exit | BAHBOOZ ALLEN HAMILTON HOLDING CORPORATION | 0.07% | — | — |
| New position | WATWATERS CORPORATION | — | 0.05% | — |
| Decrease | EQHEQUITABLE HOLDINGS, INC. | 0.05% | 0.04% | −10.0% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.7%. Full holdings and history
Under the hood
fiscal year to Jul 31, 2025SEC census- Authorized participants
- 5 active of 34 with agreements; top 3 did 100%
- Created · redeemed
- $2.1B · −$2.9B over the fiscal year
- Redemptions in kind
- 99% creations 99% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.40% of assets on loan on average; earned 0.1 bp
- Return vs index
- -0.18 pts after fees; -0.03 before; daily s.d. 0.10
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 2026-10-20
Holdings
151
AUM
$9.1B
Provider
iShares (BlackRock)
Inception
2013-04-16
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.15%
Dividend Yield
1.59%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-15 | 2026-09-18 | $0.9514 | CD |
| 2026-06-15 | 2026-06-18 | $0.6972 | CD |
| 2026-03-17 | 2026-03-20 | $0.6313 | CD |
| 2025-12-16 | 2025-12-19 | $0.8130 | CD |
| 2025-09-16 | 2025-09-19 | $0.6600 | CD |
| 2025-06-16 | 2025-06-20 | $0.7358 | CD |
Asset Allocation
Top Holdings
top 50 of 151 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MU | MICRON TECHNOLOGY | 20.51% | Equity (US) | US |
| CSCO | CISCO SYSTEMS INC | 4.25% | Equity (US) | US |
| GM | GENERAL MOTORS | 3.44% | Equity (US) | US |
| VZ | VERIZON COMMUNICATIONS INC | 2.80% | Equity (US) | US |
| T | AT&T | 2.55% | Equity (US) | US |
| PFE | PFIZER | 1.91% | Equity (US) | US |
| HPE | HEWLETT PACKARD ENTERPRISE | 1.82% | Equity (US) | US |
| BAC | BANK OF AMERICA | 1.79% | Equity (US) | US |
| DIS | WALT DISNEY | 1.76% | Equity (US) | US |
| F | FORD MOTOR CO | 1.75% | Equity (US) | US |
| QCOM | QUALCOMM | 1.68% | Equity (US) | US |
| CMCSA | COMCAST CLASS A | 1.64% | Equity (US) | US |
| DELL | DELL TECHNOLOGIES INC CLASS C | 1.61% | Equity (US) | US |
| C | CITIGROUP | 1.49% | Equity (US) | US |
| CVS | CVS HEALTH | 1.38% | Equity (US) | US |
| ACN | ACCENTURE PLC CLASS A | 1.35% | Equity (US) | US |
| CRM | SALESFORCE | 1.30% | Equity (US) | US |
| FDX | FEDEX CORP | 1.22% | Equity (US) | US |
| WFC | WELLS FARGO | 1.18% | Equity (US) | US |
| BMY | BRISTOL MYERS SQUIBB | 1.16% | Equity (US) | US |
| CI | CIGNA | 1.02% | Equity (US) | US |
| ADM | ARCHER DANIELS MIDLAND | 0.98% | Equity (US) | US |
| UPS | UNITED PARCEL SERVICE INC CLASS B | 0.96% | Equity (US) | US |
| VLO | VALERO ENERGY CORP | 0.94% | Equity (US) | US |
| PCAR | PACCAR INC | 0.87% | Equity (US) | US |
| DHI | D R HORTON | 0.86% | Equity (US) | US |
| EOG | EOG RESOURCES | 0.85% | Equity (US) | US |
| TGT | TARGET CORP | 0.84% | Equity (US) | US |
| DVN | DEVON ENERGY | 0.83% | Equity (US) | US |
| COF | CAPITAL ONE FINANCIAL CORP | 0.83% | Equity (US) | US |
| URI | UNITED RENTALS | 0.79% | Equity (US) | US |
| ELV | ELEVANCE HEALTH INC | 0.77% | Equity (US) | US |
| KHC | KRAFT HEINZ | 0.74% | Equity (US) | US |
| CSX | CSX | 0.73% | Equity (US) | US |
| TEL | TE CONNECTIVITY PLC | 0.71% | Equity (US) | US |
| NEM | NEWMONT | 0.69% | Equity (US) | US |
| EXPE | EXPEDIA GROUP | 0.67% | Equity (US) | US |
| ADBE | ADOBE INC | 0.66% | Equity (US) | US |
| CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CLA | 0.63% | Equity (US) | US |
| KR | KROGER | 0.61% | Equity (US) | US |
| PHM | PULTEGROUP | 0.60% | Equity (US) | US |
| CNC | CENTENE CORP | 0.57% | Equity (US) | US |
| HPQ | HP INC | 0.56% | Equity (US) | US |
| NXPI | NXP SEMICONDUCTORS NV | 0.56% | Equity (US) | US |
| CCL | CARNIVAL CORP LTD | 0.56% | Equity (US) | US |
| MSTR | STRATEGY INC CLASS A | 0.56% | Equity (US) | US |
| NTAP | NETAPP INC | 0.53% | Equity (US) | US |
| USB | US BANCORP | 0.50% | Equity (US) | US |
| LHX | L3HARRIS TECHNOLOGIES | 0.48% | Equity (US) | US |
| PNC | PNC FINANCIAL SERVICES GROUP | 0.45% | Equity (US) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 4.23% | -3.42% | 7.16% | -0.99% | 4.30% | 5.62% | 2.82% |
| Feb | 5.58% | -2.55% | -4.72% | 1.64% | 1.66% | 0.78% | 0.40% |
| Mar | 4.22% | 1.49% | -1.33% | 4.25% | -2.67% | -5.39% | 0.10% |
| Apr | 0.74% | -5.64% | -1.67% | -6.42% | -3.73% | 15.41% | -0.22% |
| May | 2.02% | 3.09% | -3.45% | 3.94% | 4.21% | 17.71% | 4.59% |
| Jun | -2.42% | -10.78% | 5.57% | 0.01% | 5.75% | -0.83% | -0.45% |
| Jul | -1.03% | 5.17% | 2.97% | 4.31% | -1.68% | -2.70% | 1.17% |
| Aug | 0.88% | -3.71% | -2.66% | 2.23% | 7.29% | 4.47% | 1.42% |
| Sep | -3.62% | -11.54% | -4.67% | 2.65% | 5.02% | -0.86% | -2.17% |
| Oct | 1.56% | 9.73% | -2.71% | -0.69% | 2.84% | -3.27%* | 1.24% |
| Nov | -2.16% | 5.20% | 7.29% | 6.19% | 2.37% | -- | 3.78% |
| Dec | 7.75% | -6.59% | 5.73% | -7.50% | 2.62% | -- | 0.40% |
| Total | 18.50% | -19.92% | 6.48% | 8.97% | 31.04% | 32.25% | 12.89% |
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: $197.43
SMA 50: $199.95
SMA 200: $177.26
Current: $193.80
EMA 12: $195.45
EMA 26: $197.26
MACD: -1.8135 | Signal: -0.4734
BEARISH
ADX (14): 32.22
TREND
+DI: 9.14
−DI: 32.60
Momentum Oscillators
RSI (14): 39.90
NEUTRAL
Stoch %K: 27.54
Stoch %D: 21.74
Williams %R: -73.86
Volume & Volatility
BB Upper: $203.44
BB Lower: $191.41
NEUTRAL
OBV: 21,240,838
Vol SMA 20: 557,866
Vol ROC: -1.21%
ATR: $2.77
True Range: $3.08
HV 20: 12.7%
HV 30: 14.0%
HV 60: 15.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
VLUE (iShares MSCI USA Value Factor ETF) - Comprehensive Analysis
Executive Summary
Overall Assessment: NEUTRAL with Confidence Level 6/10
VLUE is a passively managed value factor ETF showing mixed technical signals amid a period of portfolio stress. The fund is currently oversold technically (RSI 34.37, Stochastic %K 17.51, Bollinger Bands lower band breach) but faces headwinds from significant outflows (-$4.9B over 3 months, -54% of assets) and a bearish MACD histogram (-0.69). The $192.25 price represents a 5.8% discount to the 20-day SMA and sits just 0.62 above the Bollinger lower band, suggesting potential mean reversion, yet the fund's holdings trade at a +28.3% premium to fair value—a valuation risk that contradicts oversold technicals.
Investment Thesis: VLUE presents a technical contrarian setup where extreme oversold conditions (RSI 34, Stochastic 17.51) conflict with deteriorating fund flows and elevated valuations across holdings. The value factor rotation narrative (headline from 2026-02-23: "Sell the Leaders, Buy the Laggards") appears to have stalled, with recent positive sentiment (2026-10-16) insufficient to reverse outflow momentum. Suitable only for mean-reversion traders with clear stop-loss discipline or as a temporary defensive hedge, pending evidence of flow stabilization.
Recent News Sentiment Impact: Positive headline (2026-10-16) provides marginal support, but is contradicted by cumulative fund outflows and technical deterioration. The Micron/Musk narrative (2026-10-15, NEUTRAL) highlights top holding MU (21% weight), which appears to be driving fund volatility but lacks sufficient positive catalyst to reverse outflows.
Technical Analysis
Trend Direction
| Timeframe | Status | Key Evidence | |-----------|--------|---| | Short-term (1-4 weeks) | BEARISH | Price $192.25 trades 3.5% below SMA20 ($199.00); EMA12 ($197.06) above price; MACD bearish crossover (histogram -0.69) | | Medium-term (1-3 months) | BEARISH | SMA50 ($200.32) above price; trend below all major moving averages except SMA200 | | Long-term (3-12 months) | BULLISH | Price $192.25 trades 9.1% above SMA200 ($176.18); uptrend intact despite near-term pullback |
Trend Strength Assessment: ADX(14) at 24.92 indicates a weak_trend regime—the directional conviction is low. The -DI (34.66) significantly exceeds +DI (11.51), showing bearish directional pressure, but the weak ADX suggests this trend may lack follow-through or be subject to reversal.
Support/Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|---| | $193.63 | Support (Bollinger Lower) | +0.62 (tight) | CRITICAL - immediate floor; breach would signal acceleration lower | | $188.41 | Support (SMA200 - 7%) | -1.9% | Secondary support; psychological level | | $176.18 | Support (SMA200) | -8.3% | Long-term support; validate 3-12 month uptrend | | $199.00 | Resistance (SMA20) | +3.5% | Primary resistance; key moving average | | $200.32 | Resistance (SMA50) | +4.2% | Secondary resistance; medium-term MA | | $204.37 | Resistance (Bollinger Upper) | +6.3% | Upper band; overbought threshold |
Key Observation: Price sits in a narrow band between Bollinger lower ($193.63) and SMA20 ($199.00), a $5.37 range. This compression, combined with Bollinger bandwidth of 5.40, signals a squeeze formation—resolution likely within 1-2 weeks.
Momentum Signals
RSI (14): 34.37 — OVERSOLD but not extreme
- Reading of 34.37 sits just above the 30 oversold threshold, entering oscillator territory typically associated with mean reversion. However, this is not severe oversold (would require <20), suggesting measured bearish pressure rather than capitulation.
- Implication: Potential bounce, but not yet a strong reversal signal; would need break below 30 for panic-selling confirmation.
MACD: -1.48 / Signal: -0.79 / Histogram: -0.69 — BEARISH
- MACD (-1.48) trades below its signal line (-0.79), with histogram increasingly negative (-0.69), confirming bearish momentum continuation.
- Red flag: Histogram widening suggests bearish momentum is accelerating, not plateauing—argues against immediate reversal.
- The negative crossover occurred recently (likely within last 1-2 trading days given histogram width), so this is a fresh bearish signal.
Stochastic Oscillators: %K 17.51 / %D 18.57 — DEEPLY OVERSOLD
- %K at 17.51 (well below 20 threshold) indicates extreme short-term oversold conditions.
- %K just crossed above %D (17.51 vs 18.57), a potential bullish crossover signal—first positive momentum divergence.
- Critical: This suggests near-term bounce potential if price holds above $193.63 support.
Williams %R: -91.96 — EXTREME OVERSOLD
- Reading of -91.96 (on -100 to 0 scale) is extraordinarily oversold, among the most extreme readings possible.
- Indicates severe short-term weakness but also maximum mean reversion potential.
- Historically, readings below -90 often precede 2-5% rallies within 3-5 trading days.
Momentum Synthesis: Conflicting signals—MACD is accelerating bearish, but RSI (34), Stochastic %K (17.51), and Williams %R (-91.96) all suggest extreme oversold conditions primed for technical bounce. The recent %K/%D bullish crossover may foreshadow intraday or next-day relief rally, but MACD histogram deterioration argues this would be temporary counter-trend relief, not trend reversal.
Bollinger Bands Analysis
Current Position:
- Price: $192.25 vs Lower Band: $193.63 — Price trading 0.62 below lower band (breach signal).
- Bandwidth: 5.40 — Extremely narrow band indicates a squeeze formation; volatility compressed.
- Position Relative to Middle Band ($199.00): Price 3.5% below middle band, approaching lower band after sharp compression.
Signal Interpretation:
- Squeeze Context: Narrow bands (width 5.40) followed by price moving into/through lower band classically precedes a volatility expansion move.
- Scenario A (Bullish Breakout): Bounce off lower band, mean reversion to middle ($199.00), potentially upper band ($204.37)—upside $11.12 (5.8%) feasible.
- Scenario B (Bearish Breakdown): Continued breach below $193.63 signals transition to wider, more volatile downtrend; next support $188.41.
- Current Signal: OVERSOLD with high probability of mean reversion if technical floor holds.
Volume Analysis
Volume Metrics:
- Current Volume SMA(20): 523,349 — baseline institutional/retail participation.
- Volume Rate of Change: -64.23% — CRITICAL FLAG: Current volume is 64% below the 20-day average, indicating sharp collapse in participation.
- OBV (On-Balance Volume): 19,003,489.76 — level appears stable (not collapsing), suggesting recent volume decline is neutral/sideways accumulation rather than capitulatory selling.
Interpretation:
- Low volume on down-move is bearish for conviction — The 64% volume deficit suggests this price decline occurred on reduced institutional engagement, likely retail-driven or algorithmic.
- Fund Outflows Context: The -$4
Generated
News
All VLUE news →
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VLUE Options Activity & IV Rank
VLUE IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.7%
7-DTE IV: —
Expected Move: $9.28
7-DTE Move: $9.28
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 33
Put Volume: 11
P/C Volume: 0.333
BULLISH
Call OI: 41
Put OI: 11
P/C OI: 0.268
Total OI: 52
ATM Options Pricing
ATM Call: $4.08
ATM Put: $5.20
Call %: 2.1%
Put %: 2.7%
Chain Summary
Chain Volume: 231
Chain OI: 648
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
LOW γ vs HISTORY
Estimated net dealer gamma is at the 20th 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
20%
vs own history
GEX tilt
+0.07
OI-weighted, today
Vanna tilt
+0.63
δ-sensitivity to IV
Charm tilt
-0.56
δ-decay vs time
Vanna tilt +0.63: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.56: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 12 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
—
—
pts
EXTREME
ATM 21.3% / 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)26.1MediumOct 22
Straddle Price (30 DTE)$9.28Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1955
Alpha: 27.12%
Correlation: 0.7400
R-Squared: 54.8%
Stock Volatility: 20.6%
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
VLUE 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.
5 filers$5.69M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.78M | 31.23% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.62M | 28.42% | 2026-06-30 |
| 3 | Point72 Asset Management, L.P. | $1.32M | 23.16% | 2026-06-30 |
| 4 | PEAK6 LLC | $619.41K | 10.88% | 2026-06-30 |
| 5 | Belvedere Trading LLC | $359.66K | 6.32% | 2026-06-30 |
3 filers$4.98M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $3.40M | 68.27% | 2026-06-30 |
| 2 | Point72 Asset Management, L.P. | $1.48M | 29.72% | 2026-06-30 |
| 3 | Belvedere Trading LLC | $99.91K | 2.01% | 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
721.17K
SI % of Float
1.53%
Days to Cover
1.24
Short Vol Ratio
64.8%
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 |
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