Zacks Investment ResearchT3·18h ago
XLY State Street Consumer Discretionary Select Sector SPDR ETF
ETF 115.01 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.
XLY
$115.01
—
Key stats
$115.01
- 52-Week Range
- $105.19 – $125.01
- YTD
- -2.82%
- IV Rank (30D)
- 52.05
- Straddle Price
- $5.38
- P/C Vol Ratio
- 1.71
- Open
- $114.29
- Day Range
- $114.17 – $115.69
- Volume
- 8,039,654
- Prev Close
- $115.53
About
State Street Consumer Discretionary Select Sector SPDR ETF (XLY) ETF
No description available.
- Exchange
- ARCX
- Inception
- 1998-12-16
- Has Options
- Yes
- Homepage
- https://www.ssga.com/us/en/individual/etfs
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.08% issuer, Oct 22, 2026
- Assets
- $22.0B issuer-reported, Oct 20, 2026
- Trailing yield
- 0.81% paid quarterly
- Average daily volume
- $770M 30 sessions
- Holdings
- 50 top 10 are 68.1%
- Listed
- Dec 16, 1998 NYSE Arca
- Last fee change
- -1 bp filed Jan 24, 2025
- Net asset value
- $115.45 issuer, Oct 20, 2026 · closed +0.03% to NAV
- Median bid/ask spread
- 0.01% 30 days, issuer-reported
- 30-day SEC yield
- 0.87% issuer
- Tracking difference
- -0.10 pts vs index, after fees, FY 2025
Cost97
Liquidity100
Scale100
Diversification24
Moves with. US large-cap stocks (69% of its variance, beta 1.35). These factors explain 65% of its daily moves over the last year.
Stated objective. State Street Consumer Discretionary 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 Consumer Discretionary Select Sector Index (the Index). (from the fund's prospectus)
All 50 holdingsFlow historySimilar fundsOverlap toolAll Consumer Discretionary ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jun 2026SEC filings- Oct 20, 2026
- −$197M latest day
- Latest 5 trading days
- −$614M
- Latest 21 trading days
- −$647M −2.9% of assets
- Year to date
- −$1.5B −$1.0B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | −$197M |
| Oct 19, 2026 | −$360M |
| Oct 16, 2026 | +$17M |
| Oct 15, 2026 | −$79M |
| Oct 14, 2026 | +$5.6M |
| Oct 13, 2026 | −$5.6M |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | −$28M |
| Oct 8, 2026 | −$45M |
| Oct 7, 2026 | +$84M |
| Oct 6, 2026 | +$78M |
| Oct 5, 2026 | +$50M |
| Oct 2, 2026 | −$17M |
| Oct 1, 2026 | −$82M |
| Sep 30, 2026 | −$212M |
| Sep 29, 2026 | −$11M |
| Sep 28, 2026 | +$71M |
| Sep 25, 2026 | −$22M |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | +$39M |
| Sep 22, 2026 | +$67M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- −$478M latest reported month
- Latest 3 months
- −$440M −1.9% of assets
- Latest 12 months
- −$1.6B −7.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$478M |
| May 2026 | +$165M |
| Apr 2026 | −$128M |
| Mar 2026 | +$267M |
| Feb 2026 | −$303M |
| Jan 2026 | −$834M |
| Dec 2025 | +$866M |
| Nov 2025 | −$1.0B |
| Oct 2025 | +$27M |
| Sep 2025 | +$558M |
| Aug 2025 | −$5.7M |
| Jul 2025 | −$708M |
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 | |
|---|---|---|---|---|---|
| GXPDGlobal X PureCap MSCI Consumer Discretionary ETF | 78% | 0.15% | $50M | +0.8% | compare |
| FDISFidelity MSCI Consumer Discretionary Index ETF | 78% | 0.08% | $1.6B | −1.0% | compare |
| VCRVanguard Consumer Discretionary ETF | 77% | 0.09% | $5.9B | −1.1% | compare |
| WANTDirexion Daily Consumer Discretionary Bull 3X ETF | 66% | — | $19M | −23.4% | compare |
| UCCProShares Ultra Consumer Discretionary | 65% | 0.95% | $8.8M | −13.0% | 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
- +0.9% 41% under, 39% over · 100% covered
- Price / earnings
- 28.8 1% loss-making · 100% covered
- Price / book · sales
- 5.9 · 2.4 revenue growth +5.5%
- Above 200-day average
- 44% 74% above 50-day · by weight
- Short interest
- 2.8% of float, weighted · 2.7 days to cover
- Insider buying
- 2% of weight had net insider buying, 90 days; 58% net selling
- 13F holders
- +1.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 41.1% of weight in 7 days; 58.1% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.14%
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 |
|---|---|---|---|---|
| Decrease | AMZNAmazon.com Inc | 23.53% | 22.22% | −11.9% |
| New position | Carnival Corp Ltd | — | 0.91% | — |
| Exit | CCLCarnival Corp | 0.74% | — | — |
| Increase | MCDMcDonald's Corp | 4.49% | 4.15% | +13.5% |
| Exit | POOLPool Corp | 0.17% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.5%. Full holdings and history
Under the hood
fiscal year to Sep 30, 2025SEC census- Authorized participants
- 16 active of 45 with agreements; top 3 did 53%
- Created · redeemed
- $19.4B · $18.1B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.68% of assets on loan on average; earned 0.2 bp
- Return vs index
- -0.10 pts after fees; +0.00 before; daily s.d. 0.08
- 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 2026-10-20
Holdings
50
AUM
$22.0B
Provider
SPDR (State Street)
Inception
1998-12-16
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.08%
Dividend Yield
0.81%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-23 | $0.2441 | CD |
| 2026-06-22 | 2026-06-24 | $0.2332 | CD |
| 2026-03-23 | 2026-03-25 | $0.2156 | CD |
| 2025-12-22 | 2025-12-24 | $0.2408 | CD |
| 2025-09-22 | 2025-09-24 | $0.4255 | CD |
| 2025-06-23 | 2025-06-25 | $0.4470 | CD |
Asset Allocation
Top Holdings
top 50 of 50 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC | 23.26% | Equity (US) | US |
| TSLA | TESLA INC | 17.56% | Equity (US) | US |
| HD | HOME DEPOT INC | 5.24% | Equity (US) | US |
| TJX | TJX COMPANIES INC | 4.27% | Equity (US) | US |
| MCD | MCDONALD S CORP | 4.25% | Equity (US) | US |
| BKNG | BOOKING HOLDINGS INC | 3.24% | Equity (US) | US |
| SBUX | STARBUCKS CORP | 2.98% | Equity (US) | US |
| LOW | LOWE S COS INC | 2.91% | Equity (US) | US |
| MAR | MARRIOTT INTERNATIONAL CL A | 2.23% | Equity (US) | US |
| HLT | HILTON WORLDWIDE HOLDINGS IN | 2.12% | Equity (US) | US |
| ROST | ROSS STORES INC | 2.00% | Equity (US) | US |
| ABNB | AIRBNB INC CLASS A | 1.95% | Equity (US) | US |
| ORLY | O REILLY AUTOMOTIVE INC | 1.91% | Equity (US) | US |
| DASH | DOORDASH INC A | 1.90% | Equity (US) | US |
| RCL | ROYAL CARIBBEAN CRUISES LTD | 1.88% | Equity (US) | US |
| GM | GENERAL MOTORS CO | 1.78% | Equity (US) | US |
| AZO | AUTOZONE INC | 1.36% | Equity (US) | US |
| EBAY | EBAY INC | 1.28% | Equity (US) | US |
| GRMN | GARMIN LTD | 1.27% | Equity (Foreign) | CH |
| F | FORD MOTOR CO | 1.25% | Equity (US) | US |
| NKE | NIKE INC CL B | 1.20% | Equity (US) | US |
| CVNA | CARVANA CO | 1.14% | Equity (US) | US |
| YUM | YUM BRANDS INC | 1.09% | Equity (US) | US |
| CMG | CHIPOTLE MEXICAN GRILL INC | 0.99% | Equity (US) | US |
| DHI | DR HORTON INC | 0.94% | Equity (US) | US |
| CCL | CARNIVAL CORP LTD | 0.91% | Equity (US) | US |
| EXPE | EXPEDIA GROUP INC | 0.90% | Equity (US) | US |
| WSM | WILLIAMS SONOMA INC | 0.79% | Equity (US) | US |
| ULTA | ULTA BEAUTY INC | 0.68% | Equity (US) | US |
| DRI | DARDEN RESTAURANTS INC | 0.65% | Equity (US) | US |
| TPR | TAPESTRY INC | 0.62% | Equity (US) | US |
| PHM | PULTEGROUP INC | 0.56% | Equity (US) | US |
| BBY | BEST BUY CO INC | 0.49% | Equity (US) | US |
| TSCO | TRACTOR SUPPLY COMPANY | 0.45% | Equity (US) | US |
| GPC | GENUINE PARTS CO | 0.45% | Equity (US) | US |
| HAS | HASBRO INC | 0.41% | Equity (US) | US |
| LEN | LENNAR CORP A | 0.40% | Equity (US) | US |
| NVR | NVR INC | 0.40% | Equity (US) | US |
| RL | RALPH LAUREN CORP | 0.37% | Equity (US) | US |
| DECK | DECKERS OUTDOOR CORP | 0.31% | Equity (US) | US |
| DPZ | DOMINO S PIZZA INC | 0.28% | Equity (US) | US |
| LULU | LULULEMON ATHLETICA INC | 0.27% | Equity (US) | US |
| LVS | LAS VEGAS SANDS CORP | 0.26% | Equity (US) | US |
| APTV | APTIV PLC | 0.25% | Equity (Foreign) | IE |
| NCLH | NORWEGIAN CRUISE LINE HOLDIN | 0.19% | Equity (US) | US |
| WYNN | WYNN RESORTS LTD | 0.15% | Equity (US) | US |
| MGM | MGM RESORTS INTERNATIONAL | 0.13% | Equity (US) | US |
| — | SSI US GOV MONEY MARKET CLASS | 0.09% | Cash/Money Market | — |
| — | US DOLLAR | 0.01% | Cash/Money Market | — |
| — | XAY CONS DISCRET DEC26 | 0.00% | Derivative | — |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.62% | -12.06% | 15.82% | -3.52% | 4.86% | 2.38% | 1.52% |
| Feb | -3.05% | -4.64% | -3.95% | 5.86% | -5.74% | -4.19% | -2.62% |
| Mar | 1.90% | 5.87% | 4.06% | -0.61% | -6.85% | -5.58% | -0.20% |
| Apr | 5.61% | -12.07% | -0.21% | -3.78% | -1.13% | 7.79% | -0.63% |
| May | -2.94% | -6.49% | 3.56% | 0.83% | 7.79% | 1.89% | 0.77% |
| Jun | 3.50% | -10.10% | 10.70% | 3.70% | 1.41% | -0.77% | 1.41% |
| Jul | 0.48% | 16.30% | 1.09% | 2.44% | 1.45% | -1.80% | 3.33% |
| Aug | 1.49% | -4.97% | -0.62% | 2.31% | 7.24% | -1.37% | 0.68% |
| Sep | -2.28% | -9.23% | -5.12% | 8.57% | 4.19% | -5.02% | -1.48% |
| Oct | 11.26% | 1.01% | -5.59% | -1.34% | -0.50% | 5.70%* | 1.76% |
| Nov | -0.20% | 2.53% | 9.61% | 11.10% | -2.36% | -- | 4.14% |
| Dec | 1.84% | -11.63% | 4.51% | 0.05% | 0.94% | -- | -0.86% |
| Total | 20.02% | -39.75% | 36.52% | 27.44% | 10.61% | -1.85% | 8.83% |
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: $111.85
SMA 50: $113.54
SMA 200: $115.80
Current: $115.01
EMA 12: $113.48
EMA 26: $112.85
MACD: 0.6254 | Signal: 0.6099
BULLISH
ADX (14): 17.87
RANGE
+DI: 27.77
−DI: 19.69
Momentum Oscillators
RSI (14): 59.90
NEUTRAL
Stoch %K: 87.72
Stoch %D: 88.38
Williams %R: -17.94
Volume & Volatility
BB Upper: $116.07
BB Lower: $107.63
NEUTRAL
OBV: 38,481,425
Vol SMA 20: 7,154,454
Vol ROC: 41.24%
ATR: $1.55
True Range: $1.52
HV 20: 13.6%
HV 30: 14.3%
HV 60: 16.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
XLY (Consumer Discretionary ETF) - Comprehensive Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 7/10
Investment Thesis: XLY is caught in a deteriorating technical setup with downside momentum accelerating despite recent positive sector commentary. The stock has broken below its 20-day moving average ($111.85) and is now trading at $108.84 (−2.7% below SMA20), signaling weakening intermediate-term conviction. While the broader consumer discretionary sector received positive analyst coverage (Sep 21), this positive sentiment has failed to arrest the decline, suggesting either delayed market repricing or fundamental headwinds specific to the constituent holdings.
Key Drivers:
- Negative Technical Momentum: MACD in bearish territory (-1.46 histogram), Williams %R at -95.09 indicating oversold conditions but within downtrend
- Deteriorating Trend Structure: Price below all major moving averages (20, 50, 200), signaling multi-timeframe weakness
- Sector Headwinds: The Motley Fool explicitly warned against consumer discretionary exposure (Aug 28), followed by price confirmation
- Volume Contraction: -36.59% volume rate of change indicates declining institutional support during decline
Primary Risks:
- Further downside toward $107.81 (lower Bollinger Band) if support breaks
- Low RSI (34.08) suggests limited additional momentum for downside, but technical damage is already done
- Elevated implied volatility (72.1% premium over realized) suggests market pricing significant future moves
Recent News Sentiment Impact: Mixed signals with recent positive coverage (Sep 21) contradicted by preceding negative sentiment (Sep 16, Aug 28). The failure of positive headlines to arrest decline suggests the market has already discounted consumer discretionary weakness, and near-term catalysts are insufficient to reverse the established downtrend.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BEARISH
- Price: $108.84 | SMA20: $111.85 | -2.7% below short-term MA
- EMA12 ($110.65) above price, EMA26 ($112.32) above EMA12 = confirmed downtrend
- Interpretation: The stock has lost the short-term uptrend and is in active downphase
Medium-term (1-3 months): BEARISH
- Price below SMA50 ($114.46) by -5.0%
- ADX at 24.19 = weak but established trend (ADX >20 = trend present, <25 = not yet strong)
- Interpretation: Medium-term bearishness is present but not yet characterized by strong momentum—suggests further deterioration possible without strong reversal signal
Long-term (3-12 months): BEARISH
- Price trading $7.66 below SMA200 ($116.50), a -6.6% gap
- Price below all three major moving averages suggests multi-month downtrend
- Interpretation: The 200-day MA represents long-term resistance; bullish reversal would require close above this level (~$116.50)
Support/Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|--------------| | $107.81 | Support (Lower BB) | -1.0% below | Immediate technical support; 20-day volatility anchor | | $108.84 | Current Price | — | Recent swing low area | | $111.85 | Resistance (SMA20) | +2.8% above | Broken downtrend support; now acts as resistance | | $114.46 | Resistance (SMA50) | +5.1% above | Intermediate resistance; 50-day trend barrier | | $116.50 | Major Resistance (SMA200) | +7.0% above | Critical psychological/technical level | | $115.89 | Resistance (Upper BB) | +6.4% above | Overbought zone threshold |
Key Observation: The current price is trapped in the bottom half of the Bollinger Band envelope (between lower band $107.81 and middle $111.85), indicating we're in a consolidation phase within downtrend, not yet oversold enough to trigger mean-reversion buying.
Momentum Signals
RSI (14): 34.08 — NEUTRAL (Approaching Oversold)
- Interpretation: Reading is in neutral territory (30-70 range) but trending toward oversold (<30)
- Implication: Not yet showing extreme panic selling; room for further decline before reversal signals emerge
- Context: RSI below 30 would typically attract value buyers, but current 34 suggests sellers still have momentum
MACD: -1.67 (Line) / -0.21 (Signal) / -1.46 (Histogram) — BEARISH
- Current Status: MACD line (-1.67) remains significantly below signal line (-0.21)
- Histogram: -1.46 is negative and widening, indicating increasing downside momentum
- Interpretation: No bullish crossover visible; bearish momentum is strengthening rather than weakening
- Critical Watch: Need to see MACD line turn upward and cross above signal line for bearish setup to reverse
Stochastic Oscillators: %K 5.72 / %D 8.94 — EXTREMELY OVERSOLD
- Critical Reading: Both %K and %D are at extreme lows (<20 typically indicates oversold)
- Divergence Alert: Stochastics at extreme lows while MACD still deteriorating suggests potential bottoming divergence forming
- Trade Implication: This contradictory signal (momentum indicators at extremes while trend indicators still weakening) suggests elevated mean-reversion risk if support holds
Williams %R: -95.09 — EXTREME OVERSOLD
- Interpretation: -95.09 is at absolute extreme of the -100 to 0 range
- Meaning: Stock has reached near-panic selling levels in the last 14 periods
- Caution: Extreme readings are often exhaustion signals, but can also precede capitulation lows
Bollinger Bands Analysis
Current Position:
- Price: $108.84
- Upper Band: $115.89 (+6.4%)
- Middle Band: $111.85 (+2.8%)
- Lower Band: $107.81 (-1.0%)
- Width: 7.23 (relatively tight band)
Interpretation: NEUTRAL/CONTRACTION SIGNAL
- Band width of 7.23 represents moderate compression
- Price near lower band but not touching—indicates orderly decline, not panic
- Mean Reversion Implication: Tight bands + mid-to-lower positioning typically precedes volatility expansion
- Risk: Could expand upward (bullish) OR downward (bearish), depending on breakout direction
Volume Analysis
Volume Rate of Change: -36.59% — SIGNIFICANT DECLINE
- Interpretation: Current volume is 36.6% BELOW the 20-day average (6.4M)
- Implication: Declining volume during downtrend is POSITIVE for bears (gradual, steady distribution)
- Concern: Low volume also means any reversal lacks confirmation; upside would need significant volume to signal reversal
On-Balance Volume (OBV): 32,733,076.25
- Trend is below SMA20 volume baseline, suggesting accumulation phase is not occurring
- OBV not showing divergence (accumulation) that would contradict price decline
- Assessment: Volume confirms downtrend legitimacy
Volume Pattern Summary:
- Declining volume during downtrend = orderly bear market structure (not panic)
- Suggests professional distribution, not capitulation
- Upside reversal would need to establish itself WITH increasing volume to gain credibility
News & Sentiment Analysis
Recent Headlines Summary
Positive Sentiment (3 headlines):
- Sep 21 - Zacks: IYC (iShares Consumer Discretionary ETF) positive coverage
- Sep 21 - Zacks: VCR (Vanguard Consumer Discretionary ETF) positive coverage
- Sep 14 - Zacks: General stock market news with positive tone
Negative Sentiment (3 headlines):
- Sep 16 - Zacks: Stock market news with negative tone (occurred 5 days after XLY price weakness)
- **
Generated
News
All XLY news →
Zacks Investment ResearchT3·2d ago
Zacks Investment ResearchT3·3d ago
Zacks Investment ResearchT3·3d ago
The Motley FoolT3·5d ago
Zacks Investment ResearchT3·10d ago
Zacks Investment ResearchT3·13d ago
Zacks Investment ResearchT3·14d ago
Zacks Investment ResearchT3·16d ago
Zacks Investment ResearchT3·21d ago
Showing 1–10 of 50
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XLY Options Activity & IV Rank
XLY IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.2%
7-DTE IV: 23.8%
Expected Move: $5.38
7-DTE Move: $3.25
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 617
Put Volume: 1,058
P/C Volume: 1.715
BEARISH
Call OI: 9,261
Put OI: 3,426
P/C OI: 0.37
Total OI: 12,687
ATM Options Pricing
ATM Call: $2.70
ATM Put: $2.67
Call %: 2.3%
Put %: 2.3%
Chain Summary
Chain Volume: 81,091
Chain OI: 462,721
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
TYPICAL γ
Estimated net dealer gamma is at the 33rd 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
33%
vs own history
GEX tilt
-0.25
OI-weighted, today
Vanna tilt
+0.68
δ-sensitivity to IV
Charm tilt
-0.53
δ-decay vs time
Vanna tilt +0.68: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.53: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 208 ATM contracts, 263k 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
82%
+14.8
pts
EXTREME
ATM 25.0% / Wing 39.8%
30 DTE / 10d
84%
+14.0
pts
EXTREME
ATM 20.8% / Wing 34.8%
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)47.5MediumOct 22
IV Rank (30 DTE)52.0MediumOct 22
Straddle Price (30 DTE)$5.38Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1539
Alpha: -17.81%
Correlation: 0.7656
R-Squared: 58.6%
Stock Volatility: 19.2%
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
XLY 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.
25 filers$1.27B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $217.13M | 17.12% | 2026-06-30 |
| 2 | BNP Paribas Financial Markets Custodian | $192.93M | 15.21% | 2026-06-30 |
| 3 | Millennium Management LLC Custodian | $190.19M | 15.00% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $137.43M | 10.84% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $131.09M | 10.34% | 2025-09-30 |
| 6 | Susquehanna International Group, LLP Custodian | $125.33M | 9.88% | 2026-06-30 |
| 7 | Citigroup Inc. Custodian | $117.51M | 9.27% | 2026-06-30 |
| 8 | Cubist Systematic Strategies, LLC | $31.75M | 2.50% | 2025-09-30 |
| 9 | Squarepoint Ops LLC | $28.21M | 2.22% | 2026-06-30 |
| 10 | UBS Group AG Custodian | $22.82M | 1.80% | 2026-06-30 |
| 11 | CAPITAL FUND MANAGEMENT S.A. | $14.93M | 1.18% | 2026-06-30 |
| 12 | Point72 Asset Management, L.P. | $14.47M | 1.14% | 2026-06-30 |
| 13 | TUDOR INVESTMENT CORP ET AL | $9.15M | 0.72% | 2026-06-30 |
| 14 | Eisler Capital Management Ltd. | $8.50M | 0.67% | 2025-09-30 |
| 15 | Volterra Technologies LP | $8.02M | 0.63% | 2026-06-30 |
| 16 | PEAK6 LLC | $6.44M | 0.51% | 2026-06-30 |
| 17 | Balyasny Asset Management L.P. | $4.84M | 0.38% | 2026-06-30 |
| 18 | Walleye Trading LLC | $1.88M | 0.15% | 2026-06-30 |
| 19 | Parallax Volatility Advisers, L.P. | $1.81M | 0.14% | 2026-06-30 |
| 20 | Goldman Sachs Group Inc Custodian | $1.52M | 0.12% | 2026-06-30 |
| 21 | Verition Fund Management LLC | $1.51M | 0.12% | 2026-06-30 |
| 22 | NOMURA HOLDINGS INC | $246.29K | 0.02% | 2026-06-30 |
| 23 | STG SECURITIES, LLC | $222.83K | 0.02% | 2026-06-30 |
| 24 | Man Group plc | $187.65K | 0.01% | 2026-06-30 |
| 25 | Encompass More Asset Management | $43.54K | <0.01% | 2026-09-30 |
31 filers$3.49B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $857.72M | 24.61% | 2026-06-30 |
| 2 | Elliott Investment Management L.P. | $832.69M | 23.89% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $487.29M | 13.98% | 2026-06-30 |
| 4 | Millennium Management LLC Custodian | $436.29M | 12.52% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $261.48M | 7.50% | 2026-06-30 |
| 6 | Citigroup Inc. Custodian | $160.39M | 4.60% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $138.94M | 3.99% | 2025-09-30 |
| 8 | UBS Group AG Custodian | $53.62M | 1.54% | 2026-06-30 |
| 9 | Wells Fargo & Company Custodian | $44.57M | 1.28% | 2026-06-30 |
| 10 | Allianz Asset Management GmbH | $39.51M | 1.13% | 2026-06-30 |
| 11 | CREDIT AGRICOLE S A | $37.53M | 1.08% | 2026-06-30 |
| 12 | Cubist Systematic Strategies, LLC | $20.03M | 0.57% | 2025-09-30 |
| 13 | TUDOR INVESTMENT CORP ET AL | $17.92M | 0.51% | 2026-06-30 |
| 14 | Volterra Technologies LP | $15.69M | 0.45% | 2026-06-30 |
| 15 | Squarepoint Ops LLC | $13.37M | 0.38% | 2026-06-30 |
| 16 | Point72 Asset Management, L.P. | $12.20M | 0.35% | 2026-06-30 |
| 17 | CAPITAL FUND MANAGEMENT S.A. | $11.63M | 0.33% | 2026-06-30 |
| 18 | Balyasny Asset Management L.P. | $10.40M | 0.30% | 2026-06-30 |
| 19 | Eisler Capital Management Ltd. | $10.16M | 0.29% | 2025-09-30 |
| 20 | CREDIT INDUSTRIEL ET COMMERCIAL | $5.86M | 0.17% | 2026-06-30 |
| 21 | Barclays PLC Custodian | $5.39M | 0.15% | 2026-06-30 |
| 22 | Jain Global LLC | $4.69M | 0.13% | 2026-06-30 |
| 23 | SIG BROKERAGE, LP | $2.35M | 0.07% | 2026-06-30 |
| 24 | PEAK6 LLC | $1.85M | 0.05% | 2026-06-30 |
| 25 | Verition Fund Management LLC | $1.55M | 0.04% | 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
13.56M
SI % of Float
6.95%
Days to Cover
2.15
Short Vol Ratio
69.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
XLY Constituent Performance
Click any bar to view the full quote for that stock.
XLY Constituents (47 of 47)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| AMZN | AMAZON.COM INC | 23.26% | $250.38 | -4.57% | -1.72% | +0.40% |
| TSLA | TESLA INC | 17.56% | $374.58 | -3.08% | +3.35% | -0.89% |
| HD | HOME DEPOT INC | 5.24% | $327.73 | +4.33% | +6.32% | +12.17% |
| TJX | TJX COMPANIES INC | 4.27% | $147.38 | +1.28% | +1.94% | +11.97% |
| MCD | MCDONALD S CORP | 4.25% | $252.63 | +2.59% | +4.18% | +6.59% |
| BKNG | BOOKING HOLDINGS INC | 3.24% | $161.1 | +1.72% | -2.83% | +2.34% |
| SBUX | STARBUCKS CORP | 2.98% | $101.91 | +2.86% | +5.19% | +8.82% |
| LOW | LOWE S COS INC | 2.91% | $204.37 | +3.97% | +4.42% | +8.42% |
| MAR | MARRIOTT INTERNATIONAL CL A | 2.23% | $396.8 | -1.78% | +2.88% | +12.88% |
| HLT | HILTON WORLDWIDE HOLDINGS IN | 2.12% | $358.07 | -1.15% | +4.40% | +14.72% |
| ROST | ROSS STORES INC | 2.00% | $236.67 | +1.06% | +0.78% | +0.54% |
| ABNB | AIRBNB INC CLASS A | 1.95% | $175.76 | +1.19% | +0.85% | +16.10% |
| ORLY | O REILLY AUTOMOTIVE INC | 1.91% | $92 | +3.14% | +3.95% | +6.68% |
| DASH | DOORDASH INC A | 1.90% | $185.94 | +0.81% | -3.68% | -0.85% |
| RCL | ROYAL CARIBBEAN CRUISES LTD | 1.88% | $286.13 | -0.80% | +2.19% | +19.73% |
| GM | GENERAL MOTORS CO | 1.78% | $77.21 | +1.45% | -7.71% | -4.17% |
| AZO | AUTOZONE INC | 1.36% | $3270.7 | +3.61% | +6.90% | +14.29% |
| EBAY | EBAY INC | 1.28% | $122.04 | -0.70% | -0.71% | +13.18% |
| GRMN | GARMIN LTD | 1.27% | $295.4 | +1.47% | +3.57% | +0.12% |
| F | FORD MOTOR CO | 1.25% | $11.94 | +0.34% | -3.01% | -5.24% |
| NKE | NIKE INC CL B | 1.20% | $38.32 | +2.10% | +3.18% | +6.47% |
| CVNA | CARVANA CO | 1.14% | $58.72 | -0.79% | -3.13% | -8.51% |
| YUM | YUM BRANDS INC | 1.09% | $154.45 | +2.12% | +2.40% | +12.46% |
| CMG | CHIPOTLE MEXICAN GRILL INC | 0.99% | $28.14 | +0.07% | -7.98% | -12.09% |
| DHI | DR HORTON INC | 0.94% | $147.66 | +6.25% | +5.81% | +5.21% |
| CCL | CARNIVAL CORP LTD | 0.91% | $27.08 | -0.81% | +2.34% | +24.28% |
| EXPE | EXPEDIA GROUP INC | 0.90% | $298.49 | +4.50% | +2.27% | +14.04% |
| WSM | WILLIAMS SONOMA INC | 0.79% | $260.8 | +2.95% | +3.48% | +14.06% |
| ULTA | ULTA BEAUTY INC | 0.68% | $635.01 | +4.62% | +4.23% | +15.71% |
| DRI | DARDEN RESTAURANTS INC | 0.65% | $217.56 | +1.42% | +1.52% | +4.98% |
| TPR | TAPESTRY INC | 0.62% | $113.92 | -1.08% | -4.87% | +1.61% |
| PHM | PULTEGROUP INC | 0.56% | $119.48 | +5.84% | +5.74% | +1.10% |
| BBY | BEST BUY CO INC | 0.49% | $99.83 | +6.07% | +6.01% | +9.70% |
| TSCO | TRACTOR SUPPLY COMPANY | 0.45% | $34.73 | +6.24% | +4.08% | +10.46% |
| GPC | GENUINE PARTS CO | 0.45% | $127.97 | +2.56% | -4.15% | -1.00% |
| HAS | HASBRO INC | 0.41% | $117.23 | +2.83% | +19.12% | +35.04% |
| LEN | LENNAR CORP A | 0.40% | $84.45 | +8.69% | +8.70% | +3.66% |
| NVR | NVR INC | 0.40% | $6110.63 | +3.57% | +2.86% | -2.00% |
| RL | RALPH LAUREN CORP | 0.37% | $381.95 | +0.34% | -2.33% | +8.55% |
| DECK | DECKERS OUTDOOR CORP | 0.31% | $85.28 | -0.25% | -1.50% | +8.39% |
| DPZ | DOMINO S PIZZA INC | 0.27% | $317.7 | +2.11% | +4.82% | +8.42% |
| LULU | LULULEMON ATHLETICA INC | 0.27% | $104.06 | +7.80% | +5.02% | +2.38% |
| LVS | LAS VEGAS SANDS CORP | 0.26% | $36.53 | -2.61% | -4.67% | -5.49% |
| APTV | APTIV PLC | 0.25% | $43.81 | -1.20% | -3.05% | +0.53% |
| NCLH | NORWEGIAN CRUISE LINE HOLDIN | 0.19% | $15.54 | -0.32% | +0.97% | +9.51% |
| WYNN | WYNN RESORTS LTD | 0.15% | $75.13 | -0.83% | -2.39% | -6.31% |
| MGM | MGM RESORTS INTERNATIONAL | 0.13% | $29.5 | +2.18% | +0.07% | -12.44% |