Zacks Investment ResearchT3·12d ago
XLC State Street Communication Services Select Sector SPDR ETF
ETF 110.32 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.
XLC
$110.32
—
Key stats
$110.32
- 52-Week Range
- $105.03 – $120.41
- YTD
- -5.63%
- IV Rank (30D)
- 55.78
- Straddle Price
- $5.43
- P/C Vol Ratio
- 0.38
- Open
- $112.67
- Day Range
- $109.74 – $112.90
- Volume
- 6,686,742
- Prev Close
- $112.44
About
State Street Communication Services Select Sector SPDR ETF (XLC) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2018-06-18
- Has Options
- Yes
- Homepage
- https://www.ssga.com/us/en/individual/etfs
Fund profile
holdings as of Oct 15, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.08% issuer, Oct 17, 2026
- Assets
- $23.9B issuer-reported, Oct 15, 2026
- Trailing yield
- 1.25% paid quarterly
- Average daily volume
- $676M 30 sessions
- Holdings
- 25 top 10 are 76.3%
- Listed
- Jun 18, 2018 NYSE Arca
- Last fee change
- -1 bp filed Jan 24, 2025
- Net asset value
- $112.44 issuer, Oct 15, 2026 · closed -0.03% to NAV
- Median bid/ask spread
- 0.01% 30 days, issuer-reported
- 30-day SEC yield
- 1.13% issuer
- Tracking difference
- +0.00 pts vs index, after fees, FY 2025
Cost97
Liquidity100
Scale100
Diversification23
Moves with. US large-cap stocks (41% of its variance, beta 0.94); Emerging markets over US (3% of its variance, beta -0.29). These factors explain 43% of its daily moves over the last year.
Stated objective. State Street Communication Services Select Sector SPDR ETF (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Communication Services Select Sector Index (the Index). (from the fund's prospectus)
All 25 holdingsFlow historySimilar fundsOverlap toolAll Communication Services ETFs
Fund flows
daily as of Oct 14, 2026issuer datathrough Jun 2026SEC filings- Oct 14, 2026
- −$127M latest day
- Latest 5 trading days
- +$114M
- Latest 21 trading days
- +$1.2B +5.1% of assets
- Year to date
- −$2.1B −$1.9B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 14, 2026 | −$127M |
| Oct 13, 2026 | +$5.6M |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | −$28M |
| Oct 8, 2026 | +$263M |
| Oct 7, 2026 | +$629M |
| Oct 6, 2026 | +$145M |
| Oct 5, 2026 | −$346M |
| Oct 2, 2026 | −$121M |
| Oct 1, 2026 | +$555M |
| Sep 30, 2026 | −$83M |
| Sep 29, 2026 | −$95M |
| Sep 28, 2026 | +$128M |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | −$125M |
| Sep 23, 2026 | −$5.6M |
| Sep 22, 2026 | +$193M |
| Sep 21, 2026 | +$86M |
| Sep 18, 2026 | +$116M |
| Sep 17, 2026 | +$67M |
| Sep 16, 2026 | −$40M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- −$1.0B latest reported month
- Latest 3 months
- −$1.1B −4.8% of assets
- Latest 12 months
- −$1.6B −7.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$1.0B |
| May 2026 | −$363M |
| Apr 2026 | +$329M |
| Mar 2026 | −$1.5B |
| Feb 2026 | −$325M |
| Jan 2026 | +$250M |
| Dec 2025 | +$409M |
| Nov 2025 | −$214M |
| Oct 2025 | −$27M |
| Sep 2025 | +$366M |
| Aug 2025 | +$384M |
| Jul 2025 | +$80M |
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 | |
|---|---|---|---|---|---|
| LTLProShares Ultra Communication Services | 80% | 0.95% | $4.9M | −14.8% | compare |
| FCOMFidelity MSCI Communication Services Index ETF | 78% | 0.08% | $1.8B | +1.2% | compare |
| VOXVanguard Communication Services ETF | 76% | 0.09% | $6.0B | +1.5% | compare |
| IXPiShares Global Comm Services ETF | 70% | 0.37% | $601M | −4.5% | compare |
| GXPCGlobal X PureCap MSCI Communication Services ETF | 64% | 0.15% | $93M | +9.2% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 15, 2026issuer data- Holdings vs fair value
- +9.2% 31% under, 12% over · 100% covered
- Price / earnings
- 19.2 10% loss-making · 100% covered
- Price / book · sales
- 3.4 · 2.4 revenue growth +13.6%
- Above 200-day average
- 41% 33% above 50-day · by weight
- Short interest
- 4.3% of float, weighted · 3.2 days to cover
- Insider buying
- 0% of weight had net insider buying, 90 days; 54% net selling
- 13F holders
- +1.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 39.3% of weight in 7 days; 72.9% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.63%
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
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | METAMeta Platforms Inc | 18.20% | 19.90% | +11.8% |
| Decrease | CHTRCharter Communications Inc | 2.55% | 1.43% | −14.0% |
| Increase | NFLXNetflix Inc | 5.91% | 4.84% | +11.0% |
| Increase | TAT&T Inc | 5.05% | 4.09% | +14.4% |
| Decrease | OMCOmnicom Group Inc | 3.25% | 2.50% | −19.8% |
| Increase | TMUST-Mobile US Inc | 4.65% | 4.15% | +12.4% |
| Decrease | ECHOEchoStar Corp | 2.16% | 1.67% | −10.3% |
| Decrease | TTDTrade Desk Inc/The | 1.37% | 0.93% | −14.1% |
| Decrease | FOXAFox Corp | 1.61% | 1.25% | −11.9% |
| Decrease | TKOTKO Group Holdings Inc | 1.83% | 1.53% | −15.8% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.0%. Full holdings and history
Under the hood
fiscal year to Sep 30, 2025SEC census- Authorized participants
- 18 active of 45 with agreements; top 3 did 49%
- Created · redeemed
- $19.1B · $16.4B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.41% of assets on loan on average; earned 15.8 bp
- Return vs index
- +0.00 pts after fees; +0.12 before; daily s.d. 0.11
- Diversification status
- Non-diversified may concentrate in fewer issuers
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 2026-10-15
Holdings
25
AUM
$23.9B
Provider
SPDR (State Street)
Inception
2018-06-18
Exchange
ARCX
Data As Of
2026-10-15
Expense Ratio
0.08%
Dividend Yield
1.25%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-23 | $0.3641 | CD |
| 2026-06-22 | 2026-06-24 | $0.2837 | CD |
| 2026-03-23 | 2026-03-25 | $0.3570 | CD |
| 2025-12-22 | 2025-12-24 | $0.3758 | CD |
| 2025-09-22 | 2025-09-24 | $0.4147 | CD |
| 2025-06-23 | 2025-06-25 | $0.2488 | CD |
Asset Allocation
Top Holdings
top 25 of 25 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| META | META PLATFORMS INC CLASS A | 23.42% | Equity (US) | US |
| GOOGL | ALPHABET INC CL A | 12.29% | Equity (US) | US |
| GOOG | ALPHABET INC CL C | 9.83% | Equity (US) | US |
| DIS | WALT DISNEY CO/THE | 4.92% | Equity (US) | US |
| TTWO | TAKE TWO INTERACTIVE SOFTWRE | 4.60% | Equity (US) | US |
| NFLX | NETFLIX INC | 4.43% | Equity (US) | US |
| T | AT+T INC | 4.33% | Equity (US) | US |
| APP | APPLOVIN CORP CLASS A | 4.24% | Equity (US) | US |
| VZ | VERIZON COMMUNICATIONS INC | 4.14% | Equity (US) | US |
| TMUS | T MOBILE US INC | 4.10% | Equity (US) | US |
| CMCSA | COMCAST CORP CLASS A | 4.10% | Equity (US) | US |
| LYV | LIVE NATION ENTERTAINMENT IN | 3.56% | Equity (US) | US |
| RDDT | REDDIT INC CL A | 3.04% | Equity (US) | US |
| OMC | OMNICOM GROUP | 2.89% | Equity (US) | US |
| FOXA | FOX CORP CLASS A | 1.66% | Equity (US) | US |
| CHTR | CHARTER COMMUNICATIONS INC A | 1.60% | Equity (US) | US |
| ECHO | ECHOSTAR CORP A | 1.57% | Equity (US) | US |
| NWSA | NEWS CORP CLASS A | 1.42% | Equity (US) | US |
| TKO | TKO GROUP HOLDINGS INC | 1.38% | Equity (US) | US |
| FOX | FOX CORP CLASS B | 1.00% | Equity (US) | US |
| SKYD | SKYDANCE CORP | 0.52% | Equity (US) | US |
| NWS | NEWS CORP CLASS B | 0.51% | Equity (US) | US |
| — | SSI US GOV MONEY MARKET CLASS | 0.25% | Cash/Money Market | — |
| — | US DOLLAR | 0.03% | Cash/Money Market | — |
| — | S+P EMINI COM SER DEC26 | -0.00% | Derivative | — |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.60% | -5.46% | 13.31% | 5.02% | 5.24% | 2.72% | 3.57% |
| Feb | 5.05% | -8.23% | -4.00% | 3.52% | -0.58% | -1.35% | -0.93% |
| Mar | -0.11% | 1.76% | 9.19% | 2.05% | -4.49% | -5.95% | 0.41% |
| Apr | 4.65% | -14.76% | 2.90% | -5.38% | -1.11% | 4.74% | -1.49% |
| May | 1.48% | -0.84% | 3.92% | 5.96% | 5.70% | -0.88% | 2.56% |
| Jun | 2.70% | -8.77% | 3.17% | 2.48% | 6.51% | -7.34% | -0.21% |
| Jul | 1.02% | 2.83% | 5.34% | 0.57% | -0.32% | -1.42% | 1.34% |
| Aug | 4.15% | -3.39% | -1.41% | 1.37% | 4.97% | 0.11% | 0.97% |
| Sep | -6.90% | -12.74% | -2.28% | 5.46% | 6.45% | 0.08% | -1.66% |
| Oct | -1.42% | -2.07% | -2.03% | 1.74% | -1.63% | 0.35%* | -0.84% |
| Nov | -6.29% | 7.54% | 6.24% | 6.49% | 1.58% | -- | 3.11% |
| Dec | 5.50% | -7.37% | 3.93% | -2.42% | 2.50% | -- | 0.43% |
| Total | 9.91% | -42.43% | 43.85% | 29.57% | 26.92% | -9.13% | 9.78% |
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: $111.80
SMA 50: $111.90
SMA 200: $113.50
Current: $110.32
EMA 12: $111.42
EMA 26: $111.64
MACD: -0.2192 | Signal: -0.0544
BEARISH
ADX (14): 6.93
RANGE
+DI: 19.43
−DI: 22.08
Momentum Oscillators
RSI (14): 45.64
NEUTRAL
Stoch %K: 42.69
Stoch %D: 47.38
Williams %R: -81.20
Volume & Volatility
BB Upper: $114.31
BB Lower: $109.28
NEUTRAL
OBV: 198,287,368
Vol SMA 20: 6,665,190
Vol ROC: 19.42%
ATR: $1.80
True Range: $3.16
HV 20: 21.1%
HV 30: 19.8%
HV 60: 19.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: XLC
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Recent news headlines, technical momentum signals, and sector performance.
Primary Risks: High IV rank indicating low volatility, mixed sentiment from recent news headlines, and potential reversal from overbought conditions.
Investment Thesis: XLC is trading within a range-bound environment with mixed signals from technical indicators. News headlines are generally neutral, but there is potential for upside catalysts. Risk management is crucial due to high IV rank and low volatility.
Recent News Sentiment Impact: The recent news headlines have been predominantly neutral, with only two positive sentiment articles. This mixed sentiment may not significantly impact the stock price in the short term.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Range-bound
- Medium-term (1-3 months): Uptrend (SMA 50 above SMA 20)
- Long-term (3-12 months): Uptrend (SMA 200 above SMA 50)
Support/Resistance Levels:
- Key Price Levels: $109.90 (SMA 20), $110.65 (SMA 50), and $114.13 (Upper Bollinger Band)
- Resistance Level: $112.04 (current price)
Momentum Signals:
- RSI Interpretation: Neutral (56.23) with no clear buy or sell signal
- MACD Signal: Bearish (-0.25 / 0.30)
- Bollinger Bands Position: Neutral (price touching middle band)
Volume Analysis:
- Volume Trends: Volume has been decreasing since the beginning of May, indicating potential consolidation.
- Institutional Interest Signals: OBV and volume rate of change are mixed, suggesting no clear institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines with a focus on AT&T's fiber expansion plans and partnerships.
Sentiment Assessment: Neutral sentiment overall, with only two positive articles out of six recent headlines.
Catalyst Identification: Potential catalysts include upcoming earnings announcements from sector peers and product launches from major communication companies.
Market Narrative: The mixed news sentiment aligns with the range-bound technical signals, suggesting a neutral market narrative.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta 0.68).
Volatility Regime: Low volatility regime (historical volatility levels are relatively low).
Options Market Signals:
- IV Rank: Low (15.2%)
- Put/Call Volume Ratio: Bullish sentiment (0.66)
- Market Expectation: Options market pricing a $4.07 move by expiration
Downside Protection: Support levels at SMA 20 ($109.90) and the lower Bollinger Band ($105.67).
Market Context & Positioning
Sector Performance: XLC is outperforming the sector average, indicating potential strength.
Institutional Activity: No clear institutional interest signals from volume patterns or OBV.
Correlation Analysis: The stock is moving in sync with the market (R-squared interpretation), suggesting a neutral correlation.
Relative Valuation: XLC is trading within its historical range, suggesting no clear value or growth potential.
Key Levels & Action Items
Critical Price Levels: SMA 20 ($109.90) and SMA 50 ($110.65)
Breakout/Breakdown Levels: Upper Bollinger Band ($114.13) and the current price level ($112.04)
Time-Sensitive Catalysts: Upcoming earnings announcements from sector peers.
Risk Management: Stop-loss levels at SMA 20 ($109.90) and position sizing considerations based on IV rank and volatility regime.
By referencing actual numbers and values, this analysis provides a comprehensive overview of XLC's technical indicators, news sentiment, risk metrics, and market context. The report highlights the stock's range-bound environment with mixed signals from technical indicators and low volatility levels. Risk management is crucial due to the high IV rank indicating low volatility and potential reversal from overbought conditions.
Generated
News
All XLC news →
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Showing 1–10 of 50
Page 1 of 5
XLC Options Activity & IV Rank
XLC IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 22.0%
7-DTE IV: 26.0%
Expected Move: $5.43
7-DTE Move: $3.17
Days to Exp: 28 (2026-11-13)
Options Flow
Call Volume: 65
Put Volume: 25
P/C Volume: 0.385
BULLISH
Call OI: 65
Put OI: 32
P/C OI: 0.492
Total OI: 97
ATM Options Pricing
ATM Call: $2.73
ATM Put: $2.70
Call %: 2.5%
Put %: 2.4%
Chain Summary
Chain Volume: 12,995
Chain OI: 79,879
Last Updated: 10/16/2026
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 25th 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
25%
vs own history
GEX tilt
-0.18
OI-weighted, today
Vanna tilt
+0.53
δ-sensitivity to IV
Charm tilt
-0.68
δ-decay vs time
Vanna tilt +0.53: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.68: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 127 ATM contracts, 42k 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
100%
+22.0
pts
EXTREME
as of Oct 16 · ATM 21.8% / Wing 43.7%
30 DTE / 10d
42%
+7.5
pts
EXTREME
as of Oct 16 · ATM 22.2% / Wing 29.8%
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)50.3MediumOct 16
IV Rank (30 DTE)55.8MediumOct 16
Straddle Price (30 DTE)$5.43Oct 16
Beta Analysis
Risk Metrics
Beta: 0.6893
Alpha: -12.70%
Correlation: 0.5437
R-Squared: 29.6%
Stock Volatility: 16.1%
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
XLC 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.
17 filers$220.89M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $41.40M | 18.74% | 2026-06-30 |
| 2 | Barclays PLC Custodian | $32.14M | 14.55% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $32.11M | 14.54% | 2026-06-30 |
| 4 | Royal Bank of Canada Custodian | $26.78M | 12.13% | 2026-06-30 |
| 5 | UBS Group AG Custodian | $23.52M | 10.65% | 2026-06-30 |
| 6 | Brevan Howard Capital Management LP | $21.43M | 9.70% | 2026-06-30 |
| 7 | Squarepoint Ops LLC | $11.97M | 5.42% | 2026-06-30 |
| 8 | Jane Street Group, LLC Custodian | $10.60M | 4.80% | 2026-06-30 |
| 9 | Balyasny Asset Management L.P. | $5.53M | 2.50% | 2026-06-30 |
| 10 | Jain Global LLC | $5.36M | 2.42% | 2026-06-30 |
| 11 | Cubist Systematic Strategies, LLC | $3.88M | 1.76% | 2025-09-30 |
| 12 | Millennium Management LLC Custodian | $1.74M | 0.79% | 2026-06-30 |
| 13 | Schonfeld Strategic Advisors LLC | $1.45M | 0.65% | 2026-06-30 |
| 14 | Point72 Asset Management, L.P. | $1.34M | 0.61% | 2026-06-30 |
| 15 | BNP Paribas Financial Markets Custodian | $1.23M | 0.56% | 2026-06-30 |
| 16 | NOMURA HOLDINGS INC | $224.97K | 0.10% | 2026-06-30 |
| 17 | Capula Management Ltd | $214.26K | 0.10% | 2026-06-30 |
18 filers$1.02B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Royal Bank of Canada Custodian | $332.10M | 32.64% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $239.36M | 23.52% | 2026-06-30 |
| 3 | UBS Group AG Custodian | $151.04M | 14.84% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $92.87M | 9.13% | 2026-06-30 |
| 5 | Caption Management, LLC | $60.15M | 5.91% | 2026-06-30 |
| 6 | Jain Global LLC | $40.71M | 4.00% | 2026-06-30 |
| 7 | Barclays PLC Custodian | $26.78M | 2.63% | 2026-06-30 |
| 8 | Brevan Howard Capital Management LP | $21.43M | 2.11% | 2026-06-30 |
| 9 | Jane Street Group, LLC Custodian | $19.05M | 1.87% | 2026-06-30 |
| 10 | Cubist Systematic Strategies, LLC | $9.34M | 0.92% | 2025-09-30 |
| 11 | Capula Management Ltd | $6.40M | 0.63% | 2026-06-30 |
| 12 | Walleye Trading LLC | $6.19M | 0.61% | 2026-06-30 |
| 13 | Balyasny Asset Management L.P. | $4.46M | 0.44% | 2026-06-30 |
| 14 | Millennium Management LLC Custodian | $2.70M | 0.27% | 2026-06-30 |
| 15 | Squarepoint Ops LLC | $2.01M | 0.20% | 2026-06-30 |
| 16 | BNP Paribas Financial Markets Custodian | $1.23M | 0.12% | 2026-06-30 |
| 17 | TUDOR INVESTMENT CORP ET AL | $1.07M | 0.11% | 2026-06-30 |
| 18 | Point72 Asset Management, L.P. | $599.93K | 0.06% | 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
5.60M
SI % of Float
2.63%
Days to Cover
1.00
Short Vol Ratio
49.1%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-16
XLC Constituent Performance
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XLC Constituents (22 of 22)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| META | META PLATFORMS INC CLASS A | 23.42% | $709.33 | -3.72% | -1.30% | +6.55% |
| GOOGL | ALPHABET INC CL A | 12.29% | $340.59 | -2.47% | -3.15% | -2.56% |
| GOOG | ALPHABET INC CL C | 9.83% | $336.91 | -2.32% | -3.15% | -2.18% |
| DIS | WALT DISNEY CO/THE | 4.92% | $110.59 | -0.08% | +2.35% | +7.71% |
| TTWO | TAKE TWO INTERACTIVE SOFTWRE | 4.60% | $205.28 | -1.96% | -3.82% | -0.08% |
| NFLX | NETFLIX INC | 4.43% | $70.53 | -2.86% | +0.33% | -1.76% |
| T | AT+T INC | 4.33% | $23.44 | -0.26% | +5.68% | -7.72% |
| APP | APPLOVIN CORP CLASS A | 4.24% | $266.13 | -4.71% | -3.94% | -13.61% |
| VZ | VERIZON COMMUNICATIONS INC | 4.14% | $44.79 | +0.88% | +7.54% | -6.86% |
| TMUS | T MOBILE US INC | 4.10% | $159.1 | +1.32% | +7.08% | -5.40% |
| CMCSA | COMCAST CORP CLASS A | 4.10% | $21.9 | +0.60% | +6.00% | -3.69% |
| LYV | LIVE NATION ENTERTAINMENT IN | 3.56% | $170.51 | -1.16% | +0.11% | +2.03% |
| RDDT | REDDIT INC CL A | 3.04% | $156.14 | -2.02% | -2.36% | +3.51% |
| OMC | OMNICOM GROUP | 2.89% | $80.56 | -0.20% | +5.33% | +5.21% |
| FOXA | FOX CORP CLASS A | 1.66% | $64.15 | +0.27% | +2.79% | -0.47% |
| CHTR | CHARTER COMMUNICATIONS INC A | 1.60% | $110.11 | +0.11% | +6.51% | -14.09% |
| ECHO | ECHOSTAR CORP A | 1.57% | $85.37 | -1.70% | -9.99% | -8.66% |
| NWSA | NEWS CORP CLASS A | 1.42% | $30.03 | -0.63% | +3.13% | +0.84% |
| TKO | TKO GROUP HOLDINGS INC | 1.38% | $175.5 | -0.30% | -1.41% | -7.27% |
| FOX | FOX CORP CLASS B | 1.00% | $57.22 | +0.14% | +2.38% | -0.90% |
| SKYD | SKYDANCE CORP | 0.52% | $6.91 | -4.82% | +50.87% | N/A |
| NWS | NEWS CORP CLASS B | 0.51% | $32.88 | -0.54% | +2.72% | +0.61% |