Zacks Investment ResearchT3·3d ago
VTWO Vanguard Russell 2000 ETF
ETF 111.79 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.
VTWO
$111.79
—
Key stats
$111.79
- 52-Week Range
- $92.55 – $123.37
- YTD
- +11.19%
- IV Rank (30D)
- 58.24
- Straddle Price
- $5.12
- P/C Vol Ratio
- 0.19
- Open
- $111.01
- Day Range
- $110.89 – $111.99
- Volume
- 1,655,821
- Prev Close
- $111.67
About
Vanguard Russell 2000 ETF (VTWO) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2010-09-20
- Has Options
- Yes
- Homepage
- https://investor.vanguard.com/etf
Fund profile
holdings as of Sep 30, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.06% issuer, Oct 22, 2026
- Assets
- $16.5B shares × price, Oct 21, 2026
- Trailing yield
- 1.22% paid quarterly
- Average daily volume
- $168M 30 sessions
- Holdings
- 2,006 top 10 are 3.3%
- Listed
- Sep 20, 2010 Nasdaq
- Last fee change
- -1 bp filed Feb 2, 2026
- Net asset value
- $111.63 issuer, Oct 21, 2026 · closed +0.04% to NAV
- 30-day SEC yield
- 1.21% issuer, Sep 30, 2026
- Tracking difference
- +0.06 pts vs index, after fees, FY 2025
Cost89
Liquidity100
Scale100
Diversification100
Moves with. US large-cap stocks (57% of its variance, beta 0.99); Small caps over large (41% of its variance, beta 0.96). These factors explain 100% of its daily moves over the last year.
Stated objective. Vanguard Russell 2000 ETF, an exchange-traded share class of Vanguard Russell 2000 Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks in the United States. (from the fund's prospectus)
All 2,006 holdingsFlow historySimilar fundsOverlap toolAll Small Cap Blend ETFs
Fund flows
through May 2026SEC filingsReported for all 2 share classes of this fund together, including its mutual fund classes.
- May 2026
- +$224M latest reported month
- Latest 3 months
- +$635M +3.6% of assets
- Latest 12 months
- +$229M +1.3% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$224M |
| Apr 2026 | +$273M |
| Mar 2026 | +$138M |
| Feb 2026 | +$448M |
| Jan 2026 | −$463M |
| Dec 2025 | +$222M |
| Nov 2025 | +$203M |
| Oct 2025 | +$63M |
| Sep 2025 | +$350M |
| Aug 2025 | −$196M |
| Jul 2025 | −$1.1B |
| Jun 2025 | +$63M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| IWMiShares Russell 2000 ETF | 94% | 0.19% | $75.1B | +11.4% | compare |
| RSSLGlobal X Russell 2000 ETF | 93% | 0.08% | $1.4B | +11.1% | compare |
| ITWOProShares Russell 2000 High Income ETF | 91% | 0.55% | $188M | +5.9% | compare |
| RBProShares Russell 2000 Dynamic Buffer ETF | 87% | 0.58% | $1.2M | +10.7% | compare |
| RESMColumbia Research Enhanced Small Cap ETF | 68% | 0.32% | $3.7M | — | 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
- +16.0% 55% under, 21% over · 97% covered
- Price / earnings
- 7173.8 32% loss-making · 95% covered
- Price / book · sales
- 2.0 · 1.2 revenue growth +8.8%
- Above 200-day average
- 53% 35% above 50-day · by weight
- Short interest
- 10.6% of float, weighted · 5.7 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 51% net selling
- 13F holders
- +5.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 27.3% of weight in 7 days; 73.4% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.17%
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 | CRNXCrinetics Pharmaceuticals Inc | 0.28% | — | — |
| Exit | APGEApogee Therapeutics Inc | 0.19% | — | — |
| Exit | DBRGDigitalBridge Group Inc | 0.09% | — | — |
| Exit | ATAIAtaiBeckley Inc | 0.07% | — | — |
| Increase | BETABeta Technologies Inc | 0.02% | 0.09% | +248.4% |
| New position | BXDCBlackstone Digital Infrastructure Trust Inc | — | 0.06% | — |
| New position | PBLSParabilis Medicines Inc | — | 0.04% | — |
| Increase | XMTRXometry Inc | 0.13% | 0.18% | +12.0% |
| Increase | AMCAMC Entertainment Holdings Inc | 0.05% | 0.09% | +45.8% |
| Exit | GBTGGlobal Business Travel Group I | 0.04% | — | — |
2 new, 6 exited, 61 increased and 2 decreased between the fund's two latest holdings reports; turnover 5.1%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 14 active of 37 with agreements; top 3 did 52%
- Created · redeemed
- $5.5B · $4.3B over the fiscal year
- Redemptions in kind
- 1% creations 1% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 1.56% of assets on loan on average; earned 9.0 bp
- Return vs index
- +0.06 pts after fees; +0.14 before; daily s.d. 0.14
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
2006
AUM
$17.7B
Provider
Vanguard
Inception
2010-09-20
Exchange
XNAS
Data As Of
2026-09-30
Expense Ratio
0.06%
Dividend Yield
1.22%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-25 | $0.3911 | CD |
| 2026-06-18 | 2026-06-23 | $0.3014 | CD |
| 2026-03-24 | 2026-03-26 | $0.2621 | CD |
| 2025-12-22 | 2025-12-24 | $0.4028 | CD |
| 2025-09-24 | 2025-09-26 | $0.3428 | CD |
| 2025-06-20 | 2025-06-24 | $0.2498 | CD |
Asset Allocation
Top Holdings
top 50 of 2006 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | SLBBH1142 | 2.36% | Cash/Money Market | — |
| TWST | Twist Bioscience Corp | 0.42% | Equity (US) | US |
| MOG.A | Moog Inc | 0.36% | Equity (US) | US |
| FROG | JFrog Ltd | 0.35% | Equity (US) | US |
| TXG | 10X Genomics Inc | 0.35% | Equity (US) | US |
| UMBF | UMB Financial Corp | 0.32% | Equity (US) | US |
| BTSG | BrightSpring Health Services Inc | 0.31% | Equity (US) | US |
| GKOS | Glaukos Corp | 0.31% | Equity (US) | US |
| VSAT | Viasat Inc | 0.30% | Equity (US) | US |
| CYTK | Cytokinetics Inc | 0.29% | Equity (US) | US |
| HUT | Hut 8 Corp | 0.29% | Equity (US) | US |
| CTRE | CareTrust REIT Inc | 0.29% | Equity (US) | US |
| KRYS | Krystal Biotech Inc | 0.29% | Equity (US) | US |
| PTGX | Protagonist Therapeutics Inc | 0.29% | Equity (US) | US |
| ONB | Old National Bancorp/IN | 0.28% | Equity (US) | US |
| FCFS | FirstCash Holdings Inc | 0.28% | Equity (US) | US |
| JXN | Jackson Financial Inc | 0.28% | Equity (US) | US |
| IDCC | InterDigital Inc | 0.28% | Equity (US) | US |
| EAT | Brinker International Inc | 0.28% | Equity (US) | US |
| SM | SM Energy Co | 0.27% | Equity (US) | US |
| TGTX | TG Therapeutics Inc | 0.27% | Equity (US) | US |
| RHP | Ryman Hospitality Properties Inc | 0.27% | Equity (US) | US |
| MXL | MaxLinear Inc | 0.26% | Equity (US) | US |
| PBF | PBF Energy Inc | 0.25% | Equity (US) | US |
| PCVX | Vaxcyte Inc | 0.25% | Equity (US) | US |
| OSCR | Oscar Health Inc | 0.24% | Equity (US) | US |
| HQY | HealthEquity Inc | 0.24% | Equity (US) | US |
| SLAB | Silicon Laboratories Inc | 0.24% | Equity (US) | US |
| PRAX | Praxis Precision Medicines Inc | 0.24% | Equity (US) | US |
| ACA | Arcosa Inc | 0.24% | Equity (US) | US |
| RIOT | Riot Platforms Inc | 0.24% | Equity (US) | US |
| ZETA | Zeta Global Holdings Corp | 0.24% | Equity (US) | US |
| PLXS | Plexus Corp | 0.23% | Equity (US) | US |
| SNEX | StoneX Group Inc | 0.23% | Equity (US) | US |
| ZWS | Zurn Elkay Water Solutions Corp | 0.23% | Equity (US) | US |
| ESE | ESCO Technologies Inc | 0.23% | Equity (US) | US |
| SSRM | SSR Mining Inc | 0.23% | Equity (Foreign) | CA |
| CMC | Commercial Metals Co | 0.23% | Equity (US) | US |
| KYMR | Kymera Therapeutics Inc | 0.23% | Equity (US) | US |
| TRNO | Terreno Realty Corp | 0.23% | Equity (US) | US |
| SYRE | Spyre Therapeutics Inc | 0.22% | Equity (US) | US |
| ALKS | Alkermes PLC | 0.22% | Equity (Foreign) | IE |
| FSS | Federal Signal Corp | 0.22% | Equity (US) | US |
| ENS | EnerSys | 0.22% | Equity (US) | US |
| QLYS | Qualys Inc | 0.22% | Equity (US) | US |
| FLR | Fluor Corp | 0.22% | Equity (US) | US |
| MATX | Matson Inc | 0.22% | Equity (US) | US |
| NPO | Enpro Inc | 0.22% | Equity (US) | US |
| LNTH | Lantheus Holdings Inc | 0.21% | Equity (US) | US |
| MAC | Macerich Co/The | 0.21% | Equity (US) | US |
Non-Equity Breakdown
VANGUARD RUSSELL 2000 INDEX FUND ·
NPORT-P period 2026-05-31
(filed 2026-07-29)
Net assets:
$17.53B
· 1957 total positions
· equity 99.66%
· non-equity 2.43%
Non-equity holdings
— 5 positions,
2.43% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 2.41% | $422.7M | 2 |
| Derivative (equity) | 0.02% | $3.1M | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 6.43% | -10.80% | 10.42% | -3.35% | 2.46% | 4.36% | 1.59% |
| Feb | 3.47% | -0.11% | -3.24% | 4.09% | -4.11% | -0.20% | -0.02% |
| Mar | -2.35% | 2.98% | -5.25% | 2.26% | -4.47% | -6.06% | -2.15% |
| Apr | 0.59% | -10.76% | -1.80% | -6.02% | -2.36% | 11.46% | -1.48% |
| May | -0.19% | -0.91% | -0.93% | 4.79% | 4.73% | 3.98% | 1.91% |
| Jun | 0.51% | -8.03% | 6.58% | -0.94% | 4.89% | 3.97% | 1.16% |
| Jul | -4.44% | 9.16% | 5.77% | 11.36% | 0.68% | -2.95% | 3.26% |
| Aug | 2.69% | -1.97% | -4.65% | 1.54% | 9.45% | -0.74% | 1.05% |
| Sep | -3.71% | -8.99% | -7.39% | 3.55% | 3.38% | -4.46% | -2.94% |
| Oct | 2.58% | 8.21% | -5.40% | -0.09% | 1.54% | -0.78%* | 1.01% |
| Nov | -6.54% | 1.97% | 8.54% | 10.50% | 1.37% | -- | 3.17% |
| Dec | 4.13% | -6.87% | 8.44% | -8.67% | 0.21% | -- | -0.55% |
| Total | 2.36% | -25.32% | 9.16% | 18.49% | 18.29% | 7.66% | 5.11% |
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: $112.09
SMA 50: $116.01
SMA 200: $112.41
Current: $111.79
EMA 12: $111.53
EMA 26: $112.89
MACD: -1.3588 | Signal: 0.1763
BEARISH
ADX (14): 39.39
TREND
+DI: 18.05
−DI: 31.13
Momentum Oscillators
RSI (14): 44.49
NEUTRAL
Stoch %K: 43.92
Stoch %D: 31.16
Williams %R: -53.21
Volume & Volatility
BB Upper: $114.85
BB Lower: $109.33
NEUTRAL
OBV: 66,490,952
Vol SMA 20: 1,508,324
Vol ROC: -6.75%
ATR: $1.48
True Range: $1.09
HV 20: 14.5%
HV 30: 13.8%
HV 60: 14.1%
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: VTWO
Executive Summary
Overall Assessment: BULLISH (Confidence Level: 7/10)
Key Drivers:
- Strong technical signals, including a bullish MACD crossover
- Positive news sentiment, with all recent headlines having a positive tone
- High volatility, indicating market uncertainty and potential for price movements
Primary Risks:
- High risk due to high beta (1.22) relative to the S&P 500
- Volatility regime is currently elevated, increasing the likelihood of large price swings
- Options market pricing a $5.80 move by expiration, which could be reached through various events or news
Technical Analysis
Trend Direction: Short-term: Uptrend (based on EMA 12 and MACD); Medium-term: Range-bound; Long-term: Uptrend (based on SMA 200)
Support/Resistance Levels:
- Upper Bollinger Band: $124.27
- Middle Bollinger Band: $120.25
- Lower Bollinger Band: $116.22
Momentum Signals:
- RSI: Neutral (53.83)
- MACD: Bullish (1.01 / Signal: 0.18 / Histogram: 0.83)
- Stochastic %K and %D: Overbought
- Williams %R: -28.49, indicating potential for a correction
Volume Analysis: Volume is contracting, which may indicate consolidation before a potential move.
News & Sentiment Analysis
Recent Headlines Summary: All recent headlines have a positive tone, highlighting the fund's performance and simplicity in investing.
Sentiment Assessment: Positive (average sentiment from recent headlines)
Catalyst Identification:
- No specific catalysts identified, but market events or news could trigger a price movement
- Options market pricing a $5.80 move by expiration, which could be reached through various events or news
Market Narrative: The technical signals and news sentiment align to support the bullish assessment, with the options market providing additional context for potential price movements.
Risk & Volatility Assessment
Beta Interpretation: High risk due to high beta (1.22) relative to the S&P 500
Volatility Regime: Elevated volatility regime, increasing the likelihood of large price swings
Options Market Signals:
- IV Rank: Medium (51.9%)
- Current IV: 44.5%
- Expected Move: $5.80 (31 DTE), 7-DTE: $1.12
- Volume Flow: Neutral sentiment
- Open Interest: Slightly biased towards calls
Downside Protection: Support levels at the lower Bollinger Band ($116.22) and previous lows could provide some downside protection.
Market Context & Positioning
Sector Performance: Not applicable, as VTWO is an ETF tracking a specific market index
Institutional Activity: Volume patterns suggest institutional interest in the fund's performance
Correlation Analysis: Correlated with the S&P 500 (R-squared: 0.83), indicating potential for price movements to follow broader market trends
Relative Valuation: Position within trading range, potentially indicating a buying opportunity
Key Levels & Action Items
Critical Price Levels: Support at $116.22 and resistance at $124.27
Breakout/Breakdown Levels: Potential breakout above $124.27 or breakdown below $116.22 could trigger significant price movements
Time-Sensitive Catalysts: No specific catalysts identified, but market events or news could trigger a price movement
Risk Management: Stop-loss levels at $114.42 (lower Bollinger Band) and position sizing considerations based on volatility regime.
By analyzing the technical indicators, news sentiment, and risk metrics, it appears that VTWO is positioned for potential upside, with the options market pricing in a moderate move by expiration. However, the high beta and elevated volatility regime indicate a higher level of risk, which should be carefully managed through position sizing and stop-loss levels.
Generated
News
All VTWO news →
The Motley FoolT3·1mo ago
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VTWO Options Activity & IV Rank
VTWO IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 20.7%
7-DTE IV: —
Expected Move: $5.12
7-DTE Move: $5.12
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 93
Put Volume: 18
P/C Volume: 0.194
BULLISH
Call OI: 270
Put OI: 57
P/C OI: 0.211
Total OI: 327
ATM Options Pricing
ATM Call: $2.42
ATM Put: $2.70
Call %: 2.2%
Put %: 2.4%
Chain Summary
Chain Volume: 684
Chain OI: 1,236
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 94th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
94%
vs own history
GEX tilt
+0.80
OI-weighted, today
Vanna tilt
+0.34
δ-sensitivity to IV
Charm tilt
-0.48
δ-decay vs time
Vanna tilt +0.34: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.48: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 21 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 22 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · ATM 20.3% / 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)58.2MediumOct 22
Straddle Price (30 DTE)$5.12Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1655
Alpha: -2.24%
Correlation: 0.8211
R-Squared: 67.4%
Stock Volatility: 18.1%
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
VTWO 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$9.62M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $5.17M | 53.78% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $3.14M | 32.70% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $522.11K | 5.43% | 2026-06-30 |
| 4 | Pine Valley Investments Ltd Liability Co | $485.68K | 5.05% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $293.01K | 3.05% | 2025-09-30 |
3 filers$4.72M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $2.48M | 52.44% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.29M | 27.25% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $959.22K | 20.31% | 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
8.44M
SI % of Float
5.71%
Days to Cover
5.59
Short Vol Ratio
68.6%
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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