CM30 minus CM90. NEGATIVE IS CONTANGO - the normal upward-sloping curve, where longer-dated vol is dearer. POSITIVE IS BACKWARDATION: the near term is bid above the far, which is what stress looks like. Measured across the Core 40, 40.9% of symbol-days are backwardated, so this is not a rare state and a flag keyed to it alone would fire constantly.
39 of 40 with a reading on or before 2026-09-24. Each row is that name against its own history — core.metric_context(), one query for all of them — not a rank among them.
2025-09-25245 obs2026-09-24
| -0.1 pts |
| 71.8% | 71.8% | 48.5% | 0.67 |
| 245 |
| LMT | +2.0 pts | 69.0% | 69.0% | 58.6% | 0.71 | 245 |
| META | +3.4 pts | 68.0% | 68.0% | 68.0% | 1.79 | 245 |
| GOOG | -2.2 pts | 59.0% | 59.0% | 41.1% | 0.30 | 245 |
| MU | +2.0 pts | 58.8% | 58.8% | 54.0% | 0.13 | 245 |
| MRVL | -0.5 pts | 46.9% | 46.9% | 31.9% | -0.03 | 245 |
| AMZN | -3.9 pts | 46.3% | 46.3% | 25.1% | -0.08 | 245 |
| XLE | +0.0 pts | 45.9% | 45.9% | 40.4% | -0.10 | 245 |
| CAT | -2.3 pts | 45.5% | 45.5% | 30.2% | -0.09 | 245 |
| STX | -0.9 pts | 43.1% | 43.1% | 34.1% | -0.22 | 245 |
| MSFT | -3.1 pts | 41.8% | 41.8% | 23.8% | -0.17 | 245 |
| DIA | -1.1 pts | 37.8% | 37.8% | 37.0% | -0.27 | 245 |
| IWM | -1.0 pts | 36.7% | 36.7% | 30.6% | -0.34 | 245 |
| XLK | -1.5 pts | 34.9% | 34.9% | 33.0% | -0.43 | 245 |
| SPY | -1.6 pts | 34.3% | 34.3% | 26.4% | -0.34 | 245 |
| SNDK | -2.4 pts | 34.1% | 34.1% | 18.9% | -0.32 | 245 |
| AAPL | -2.0 pts | 33.1% | 33.1% | 35.5% | -0.22 | 245 |
| WDC | -3.1 pts | 28.0% | 28.0% | 29.1% | -0.53 | 245 |
| AMD | -4.1 pts | 24.1% | 24.1% | 19.9% | -0.58 | 245 |
| XLV | -1.2 pts | 23.7% | 23.7% | 47.1% | -0.90 | 245 |
| PLTR | -7.5 pts | 21.8% | 21.8% | 20.8% | -0.56 | 245 |
| XLY | -2.0 pts | 21.2% | 21.2% | 37.2% | -0.81 | 245 |
| PANW | -4.6 pts | 21.0% | 21.0% | 17.0% | -0.66 | 245 |
| CRSR | -8.3 pts | 20.6% | 20.6% | 32.5% | -0.72 | 243 |
| XLP | -1.0 pts | 20.2% | 20.2% | 35.8% | -0.81 | 245 |
| SPCX | -4.6 pts | 15.0% | 15.0% | 5.8% | -0.61 | 70 |
| XOM | -1.4 pts | 14.5% | 14.5% | 21.6% | -0.92 | 245 |
| XLU | -1.6 pts | 14.3% | 14.3% | 40.0% | -1.06 | 245 |
| DE | -3.3 pts | 13.9% | 13.9% | 22.7% | -0.67 | 245 |
| NVDA | -5.2 pts | 13.9% | 13.9% | 26.5% | -0.70 | 245 |
| CRWD | -5.3 pts | 12.9% | 12.9% | 18.7% | -0.74 | 245 |
| XLI | -1.8 pts | 12.4% | 12.4% | 22.6% | -1.01 | 245 |
| QQQ | -2.3 pts | 11.6% | 11.6% | 20.0% | -1.18 | 245 |
| SMH | -3.1 pts | 8.2% | 8.2% | 24.8% | -1.52 | 245 |
| DELL | -5.9 pts | 5.9% | 5.9% | 9.5% | -0.86 | 245 |
| SOXX | -3.5 pts | 5.3% | 5.3% | 31.5% | -1.54 | 245 |
| ORCL | -6.9 pts | 4.9% | 4.9% | 10.0% | -0.85 | 245 |
| AVGO | -6.5 pts | 3.9% | 3.9% | 12.8% | -1.06 | 245 |
| RSP | no reading | insufficient data (n=0) | insufficient data (n=0) | insufficient data (n=0) | insufficient data (n=0) | 0 |
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