Zacks Investment ResearchT3·1d ago
VOE Vanguard Morningstar Mid-Cap Value ETF
ETF 208.31 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.
VOE
$208.31
—
Key stats
$208.31
- 52-Week Range
- $168.76 – $211.07
- YTD
- +16.37%
- IV Rank (30D)
- 54.68
- Straddle Price
- $6.70
- P/C Vol Ratio
- 0.43
- Open
- $208.44
- Day Range
- $207.21 – $208.59
- Volume
- 81,246
- Prev Close
- $209.30
About
Vanguard Morningstar Mid-Cap Value ETF (VOE) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2006-08-17
- 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 23, 2026
- Assets
- $24.4B shares × price, Oct 22, 2026
- Trailing yield
- 1.85% paid quarterly
- Average daily volume
- $84M 30 sessions
- Holdings
- 178 top 10 are 14.1%
- Listed
- Aug 17, 2006 NYSE Arca
- Last fee change
- -2 bp filed Feb 2, 2026
- Net asset value
- $209.31 issuer, Oct 22, 2026 · closed -0.00% to NAV
- 30-day SEC yield
- 2.07% issuer, Sep 30, 2026
- Tracking difference
- -0.21 pts vs index, after fees, FY 2025
Cost92
Liquidity98
Scale100
Diversification100
Moves with. US large-cap stocks (66% of its variance, beta 0.95); Small caps over large (10% of its variance, beta 0.19); Value over growth (10% of its variance, beta 0.60). These factors explain 86% of its daily moves over the last year.
Stated objective. Vanguard Mid-Cap Value Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. (from the fund's prospectus)
All 178 holdingsFlow historySimilar fundsOverlap toolAll Mid Cap Value ETFs
Fund flows
through Jun 2026SEC filingsReported for all 3 share classes of this fund together, including its mutual fund classes.
- Jun 2026
- −$38M latest reported month
- Latest 3 months
- −$5.3M −0.0% of assets
- Latest 12 months
- +$234M +0.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$38M |
| May 2026 | −$7.8M |
| Apr 2026 | +$41M |
| Mar 2026 | +$48M |
| Feb 2026 | +$114M |
| Jan 2026 | −$40M |
| Dec 2025 | +$530M |
| Nov 2025 | −$127M |
| Oct 2025 | −$245M |
| Sep 2025 | +$54M |
| Aug 2025 | −$49M |
| Jul 2025 | −$43M |
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 | |
|---|---|---|---|---|---|
| IMCViShares Morningstar Mid-Cap Value ETF | 62% | 0.06% | $1.3B | +22.8% | compare |
| VOVanguard Morningstar Mid-Cap ETF | 59% | 0.03% | $107.1B | +10.8% | compare |
| IMCBiShares Morningstar Mid-Cap ETF | 45% | 0.04% | $1.7B | +17.8% | compare |
| IWSiShares Russell Mid-Cap Value ETF | 41% | 0.23% | $15.7B | +21.0% | compare |
| FTAFirst Trust Large Cap Value AlphaDEX Fund (based on the Defined Large Cap Value Index--symbol DEFILVOI) | 40% | 0.58% | $1.4B | +23.5% | 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
- +17.5% 56% under, 21% over · 98% covered
- Price / earnings
- 20.1 6% loss-making · 99% covered
- Price / book · sales
- 2.3 · 1.3 revenue growth +8.7%
- Above 200-day average
- 63% 66% above 50-day · by weight
- Short interest
- 3.7% of float, weighted · 3.7 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 58% net selling
- 13F holders
- +2.8% change in shares held by institutions, latest quarter
- Reporting earnings
- 37.5% of weight in 7 days; 66.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.57%
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 |
|---|---|---|---|---|
| New position | MRNAModerna Inc | — | 0.59% | — |
| New position | CLColgate-Palmolive Co | — | 0.58% | — |
| New position | HONHoneywell International Inc | — | 0.57% | — |
| Increase | AEPAmerican Electric Power Co Inc | 0.55% | 1.10% | +101.0% |
| New position | BSXBoston Scientific Corp | — | 0.54% | — |
| Increase | APDAir Products and Chemicals Inc | 0.57% | 1.06% | +100.9% |
| Increase | AONAon PLC | 0.54% | 1.00% | +110.0% |
| Increase | TFCTruist Financial Corp | 0.51% | 0.96% | +97.0% |
| Decrease | KEYSKeysight Technologies Inc | 0.92% | 0.53% | −50.0% |
| Increase | NKENIKE Inc | 0.39% | 0.73% | +101.3% |
7 new, 8 exited, 11 increased and 6 decreased between the fund's two latest holdings reports; turnover 7.2%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 12 active of 40 with agreements; top 3 did 75%
- Created · redeemed
- $5.2B · $4.2B over the fiscal year
- Redemptions in kind
- 99% creations 91% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 0.01% of assets on loan on average; earned 0.0 bp
- Return vs index
- -0.21 pts after fees; +0.01 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 2026-09-30
Holdings
178
AUM
$36.6B
Provider
Vanguard
Inception
2006-08-17
Exchange
ARCX
Data As Of
2026-09-30
Expense Ratio
0.05%
Dividend Yield
1.85%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-28 | 2026-09-30 | $1.0332 | CD |
| 2026-06-26 | 2026-06-30 | $0.9189 | CD |
| 2026-03-27 | 2026-03-31 | $0.9992 | CD |
| 2025-12-22 | 2025-12-24 | $0.9309 | CD |
| 2025-09-29 | 2025-10-01 | $0.8726 | CD |
| 2025-06-30 | 2025-07-02 | $0.8643 | CD |
Asset Allocation
Top Holdings
top 50 of 178 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| VLO | Valero Energy Corp | 1.90% | Equity (US) | US |
| MPC | Marathon Petroleum Corp | 1.89% | Equity (US) | US |
| PSX | Phillips 66 | 1.74% | Equity (US) | US |
| HPE | Hewlett Packard Enterprise Co | 1.37% | Equity (US) | US |
| WBD | Warner Bros Discovery Inc | 1.26% | Equity (US) | US |
| SLB | SLB Ltd | 1.23% | Equity (US) | — |
| TGT | Target Corp | 1.21% | Equity (US) | US |
| CMI | Cummins Inc | 1.21% | Equity (US) | US |
| GM | General Motors Co | 1.15% | Equity (US) | US |
| DLR | Digital Realty Trust Inc | 1.11% | Equity (US) | US |
| AEP | American Electric Power Co Inc | 1.10% | Equity (US) | US |
| URI | United Rentals Inc | 1.06% | Equity (US) | US |
| APD | Air Products and Chemicals Inc | 1.06% | Equity (US) | US |
| SPG | Simon Property Group Inc | 1.05% | Equity (US) | US |
| TEL | TE Connectivity PLC | 1.04% | Equity (Foreign) | IE |
| NEM | Newmont Corp | 1.04% | Equity (US) | US |
| AON | Aon PLC | 1.00% | Equity (Foreign) | IE |
| AJG | Arthur J Gallagher & Co | 1.00% | Equity (US) | US |
| PCAR | PACCAR Inc | 0.99% | Equity (US) | US |
| TFC | Truist Financial Corp | 0.96% | Equity (US) | US |
| ALL | Allstate Corp/The | 0.96% | Equity (US) | US |
| MSTR | Strategy Inc | 0.95% | Equity (US) | US |
| LNG | Cheniere Energy Inc | 0.95% | Equity (US) | US |
| CRH | CRH PLC | 0.94% | Equity (Foreign) | IE |
| BKR | Baker Hughes Co | 0.93% | Equity (US) | US |
| COR | Cencora Inc | 0.93% | Equity (US) | US |
| OKE | ONEOK Inc | 0.92% | Equity (US) | US |
| D | Dominion Energy Inc | 0.91% | Equity (US) | US |
| NUE | Nucor Corp | 0.90% | Equity (US) | US |
| CTVA | Corteva Inc | 0.88% | Equity (US) | US |
| CAH | Cardinal Health Inc | 0.88% | Equity (US) | US |
| SRE | Sempra | 0.87% | Equity (US) | US |
| MET | MetLife Inc | 0.87% | Equity (US) | US |
| DVN | Devon Energy Corp | 0.86% | Equity (US) | US |
| AFL | Aflac Inc | 0.86% | Equity (US) | US |
| DAL | Delta Air Lines Inc | 0.84% | Equity (US) | US |
| BDX | Becton Dickinson & Co | 0.83% | Equity (US) | US |
| PSA | Public Storage | 0.81% | Equity (US) | US |
| F | Ford Motor Co | 0.81% | Equity (US) | US |
| VMRK | Vivmark Residential | 0.80% | Equity (US) | US |
| ETR | Entergy Corp | 0.79% | Equity (US) | US |
| NDAQ | Nasdaq Inc | 0.79% | Equity (US) | US |
| WAB | Westinghouse Air Brake Technologies Corp | 0.79% | Equity (US) | US |
| FITB | Fifth Third Bancorp | 0.78% | Equity (US) | US |
| HUM | Humana Inc | 0.78% | Equity (US) | US |
| STT | State Street Corp | 0.78% | Equity (US) | US |
| JCI | Johnson Controls International plc | 0.77% | Equity (Foreign) | IE |
| IQV | IQVIA Holdings Inc | 0.75% | Equity (US) | US |
| LHX | L3Harris Technologies Inc | 0.75% | Equity (US) | US |
| XEL | Xcel Energy Inc | 0.75% | Equity (US) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.58% | -2.71% | 7.31% | -1.80% | 2.92% | 3.26% | 1.76% |
| Feb | 5.87% | -1.38% | -4.14% | 2.82% | 0.53% | 4.62% | 1.39% |
| Mar | 3.39% | 5.25% | -3.76% | 4.42% | -2.46% | -5.17% | 0.28% |
| Apr | 3.49% | -5.36% | 0.81% | -3.67% | -3.09% | 5.44% | -0.40% |
| May | 1.51% | 2.15% | -5.06% | 3.44% | 3.68% | 0.39% | 1.02% |
| Jun | -3.27% | -10.12% | 7.38% | -1.45% | 1.91% | 1.86% | -0.61% |
| Jul | -0.51% | 6.20% | 3.14% | 7.07% | 0.49% | 3.21% | 3.27% |
| Aug | 3.28% | -2.20% | -3.45% | 3.83% | 4.26% | 0.48% | 1.03% |
| Sep | -4.09% | -10.34% | -5.42% | 2.99% | 1.65% | -4.98% | -3.37% |
| Oct | 2.90% | 6.98% | -2.06% | -0.69% | -1.03% | 5.70%* | 1.97% |
| Nov | -3.12% | 5.91% | 7.99% | 6.59% | 3.27% | -- | 4.13% |
| Dec | 7.02% | -5.15% | 3.99% | -7.51% | 0.62% | -- | -0.21% |
| Total | 18.80% | -12.18% | 5.40% | 16.06% | 13.18% | 15.05% | 9.38% |
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: $202.31
SMA 50: $204.44
SMA 200: $196.07
Current: $208.24
EMA 12: $205.43
EMA 26: $203.98
MACD: 1.4530 | Signal: 0.9726
BULLISH
ADX (14): 29.44
TREND
+DI: 32.68
−DI: 14.52
Momentum Oscillators
RSI (14): 63.18
NEUTRAL
Stoch %K: 95.27
Stoch %D: 94.89
Williams %R: -10.41
Volume & Volatility
BB Upper: $210.36
BB Lower: $194.26
NEUTRAL
OBV: 3,620,976
Vol SMA 20: 421,027
Vol ROC: -70.63%
ATR: $1.93
True Range: $2.09
HV 20: 11.4%
HV 30: 11.0%
HV 60: 9.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
VOE (Vanguard S&P Mid-Cap 400 Value ETF) - Comprehensive Stock Analysis
Executive Summary
Overall Assessment: NEUTRAL | Confidence Level: 6/10
VOE presents a mixed technical picture with conflicting signals that warrant cautious observation rather than directional conviction. While the stock benefits from a strong downtrend (ADX 40.04) and low systematic risk (Beta 0.55), bearish momentum indicators clash with neutral price positioning and weak options market conviction. The ETF structure and lack of company-specific catalysts reduce catalyst-driven trading opportunities.
Key Drivers:
- Strong downtrend momentum with elevated -DI (29.98 vs +DI 18.59)
- Defensive characteristics (low beta, low volatility) attracting risk-averse investors
- Weak options activity suggesting minimal institutional conviction either direction
Primary Risks:
- MACD bearish crossover (-1.97 histogram) below signal line
- Price squeezed between all three moving averages (SMA20/50/200 compression)
- Limited liquidity in options market (minimal volume/OI)
Investment Thesis: VOE is experiencing a technical pullback within a mid-cap value index with defensive characteristics. The strong ADX (40.04) confirms trend strength, but the downtrend (-DI dominance) suggests consolidation rather than institutional accumulation. Suitable for defensive positioning but lacks near-term catalysts for directional moves.
Recent News Sentiment Impact: NEUTRAL TO SLIGHTLY POSITIVE News headlines focus on broader mid-cap value ETF comparisons rather than VOE-specific drivers. Three of five recent headlines show POSITIVE sentiment toward competing mid-cap value funds, suggesting sector-wide interest in the category, but no stock-specific catalysts identified.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH
- Price at $200.78 is trading below SMA20 ($200.92) and well below SMA50 ($205.08)
- EMA12 ($199.56) has crossed below EMA26 ($201.53), confirming short-term bearish momentum
- Williams %R at -33.93 indicates downward pressure near session lows
Medium-term (1-3 months): BEARISH TO NEUTRAL
- Price has declined toward SMA50 ($205.08) - a 2.1% pullback from this level
- SMA200 ($194.42) provides underlying support, suggesting longer-term uptrend remains intact
- Current price is only 3.2% above the 200-day MA, indicating we're testing intermediate support
Long-term (3-12 months): NEUTRAL
- Price remains above SMA200 ($194.42), suggesting no structural downtrend
- The 200-day MA at $194.42 vs current price at $200.78 (+3.2%) shows positive long-term positioning
- Pattern consistent with normal consolidation within uptrend
Support/Resistance Levels
| Level | Type | Distance | Confluence | |-------|------|----------|-----------| | $206.67 | Bollinger Upper Band | +2.9% | Technical ceiling | | $205.08 | SMA50 | +2.1% | Medium-term MA resistance | | $200.92 | SMA20 | +0.1% | SHORT-TERM support (near price) | | $200.78 | CURRENT PRICE | — | Neutral zone | | $195.18 | Bollinger Lower Band | -2.9% | Technical floor | | $194.42 | SMA200 | -3.3% | Strong long-term support |
Critical Observation: Price is trapped in a narrow consolidation zone between SMA20 ($200.92) and Bollinger Lower Band ($195.18), a range of only $5.74 (2.9%). This compression suggests either a breakout or continued sideways action.
Momentum Signals
RSI (14): 47.23 — NEUTRAL
- Reading of 47.23 is in the dead center of neutral territory (30-70 range)
- No overbought (>70) or oversold (<30) conditions present
- Indicates no extreme positioning — room for directional movement either way
- Suggests balanced buyer/seller interest with no imminent reversal signals
MACD: -1.97 / Signal: 0.06 / Histogram: -2.02 — BEARISH
- MACD (-1.97) is trading significantly below its signal line (0.06)
- Histogram of -2.02 shows bearish divergence widening, not narrowing
- Red Flag: No bullish crossover imminent; momentum remains deteriorating
- Interpretation: Momentum has turned negative and shows no signs of reversal yet
Stochastic Oscillators — MIXED
- %K (49.68) and %D (34.10) show %K above %D but both in mid-range
- Gap of 15.58 between %K and %D suggests %K is crossing upward, but from weak base
- Williams %R (-33.93) shows recent weakness but not severe oversold (<-80)
Bollinger Bands: $195.18 - $206.67 — NEUTRAL/COMPRESSION
- Width of 5.72 is relatively narrow, indicating low volatility environment
- Price at $200.78 is essentially at the middle band ($200.92)
- Neither overbought nor oversold positioning; suggests low immediate pressure for mean reversion
- Band width of 5.72 represents typical volatility, not a squeeze setup
Volume Analysis
Volume Structure — CONCERNING
- Volume SMA20: 425,059 shares (baseline expectation)
- Volume Rate of Change: +63.36% — significant increase vs 20-day average
- Current day volume appears elevated relative to recent history
- Interpretation: Increased volume on a down day (based on bearish MACD) suggests institutional distribution rather than accumulation
On-Balance Volume: 802,015.97
- OBV is positive, but without trend context difficult to assess directional bias
- Would need historical OBV trend to confirm if accumulation or distribution pattern
- Data Gap: No OBV moving average provided; limiting ability to assess volume momentum
Institutional Interest Signals:
- Concerning: High volume (+63.36%) on bearish technical setup suggests selling pressure
- This contradicts typical accumulation patterns and aligns with the -DI dominance (29.98)
- The combination suggests institutional rebalancing or profit-taking rather than accumulation
News & Sentiment Analysis
Recent Headlines Summary
Theme 1: Broader Mid-Cap Value Category Gaining Interest (60% of headlines)
- Multiple competing ETFs (DON, EZM, FNK, XMVM) receiving positive analyst attention
- Suggests sector-wide investor interest in mid-cap value exposure
- Positive sentiment toward category (3 POSITIVE, 2 NEUTRAL out of recent headlines)
Theme 2: No VOE-Specific Catalysts
- Headlines are comparative/category analysis rather than fund-specific
- No earnings announcements, management changes, or fund structure changes mentioned
- Reflects typical ETF coverage pattern (minimal stock-specific news)
Theme 3: Timing Observation
- Most recent headline: October 5, 2026 (discussing IVOV)
- Prior headlines span September 3-23, 2026
- No major news breaking within past 48-72 hours to explain current price action
Sentiment Assessment
Aggregate Sentiment: SLIGHTLY POSITIVE (59% positive, 41% neutral)
- 3 POSITIVE headlines (DON, EZM, FNK)
- 2 NEUTRAL headlines (IVOV, IJJ)
- 0 NEGATIVE headlines
Critical Context: Positive sentiment toward competing funds does not directly translate to VOE bullishness. Analysts may prefer DON's dividend focus or XMVM's momentum overlay over VOE's straight value index approach.
Catalyst Identification
Immediate (1-7 days): NONE IDENTIFIED
- No earnings dates (data shows "No earnings data available")
- No FDA approvals or regulatory milestones applicable to index fund
- No fund structure changes or dividend announcements mentioned
Near-term (1-4 weeks): NONE IDENTIFIED
- No upcoming product launches or strategy changes
- Dependent on constituent company earnings cycles within S&P MidCap 400
Generated
News
All VOE news →
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VOE Options Activity & IV Rank
VOE IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 14.4%
7-DTE IV: —
Expected Move: $6.70
7-DTE Move: $6.70
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 7
Put Volume: 3
P/C Volume: 0.429
BULLISH
Call OI: 7
Put OI: 3
P/C OI: 0.429
Total OI: 10
ATM Options Pricing
ATM Call: $2.70
ATM Put: $4.00
Call %: 1.3%
Put %: 1.9%
Chain Summary
Chain Volume: 344
Chain OI: 264
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 52nd 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
52%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
-0.98
δ-sensitivity to IV
Charm tilt
+0.58
δ-decay vs time
Vanna tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.58: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 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
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—
pts
EXTREME
No data
30 DTE / 10d
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—
pts
EXTREME
ATM 14.1% / 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)54.7MediumOct 23
Straddle Price (30 DTE)$6.70Oct 23
Beta Analysis
Risk Metrics
Beta: 0.5080
Alpha: 11.55%
Correlation: 0.5839
R-Squared: 34.1%
Stock Volatility: 11.1%
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
VOE Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
3 filers$4.51M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $2.35M | 52.19% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $1.90M | 42.11% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $256.88K | 5.70% | 2026-06-30 |
3 filers$8.67M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $7.07M | 81.55% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $1.19M | 13.67% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $414.96K | 4.78% | 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
120.47K
SI % of Float
0.10%
Days to Cover
1.00
Short Vol Ratio
77.4%
Free Float
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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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