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.
40 of 40 with a reading on or before 2026-09-28. 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 obs2026-09-28
| +1.2 pts |
| 84.1% | 84.2% | 61.4% | 1.06 |
| 247 |
| CAT | +3.6 pts | 83.1% | 83.2% | 72.7% | 1.64 | 247 |
| INTC | +7.5 pts | 82.7% | 82.0% | 71.2% | 1.40 | 247 |
| XLF | +0.3 pts | 81.4% | 81.6% | 54.5% | 1.06 | 247 |
| XOM | +1.3 pts | 74.5% | 74.7% | 58.1% | 0.74 | 247 |
| LMT | +2.0 pts | 69.6% | 69.0% | 58.6% | 0.71 | 247 |
| META | +3.5 pts | 68.2% | 68.4% | 68.6% | 1.86 | 247 |
| GOOG | +1.2 pts | 68.0% | 68.2% | 62.7% | 1.45 | 247 |
| MSFT | +1.9 pts | 68.0% | 68.2% | 58.7% | 1.24 | 247 |
| STX | +3.6 pts | 67.6% | 67.8% | 53.4% | 0.51 | 247 |
| DIA | -0.6 pts | 67.3% | 67.6% | 46.3% | 0.40 | 247 |
| MU | +3.1 pts | 66.1% | 66.4% | 58.7% | 0.34 | 247 |
| AMZN | +1.8 pts | 65.9% | 66.2% | 58.5% | 1.52 | 247 |
| AAPL | -0.3 pts | 64.3% | 64.6% | 53.8% | 0.73 | 247 |
| IWM | -0.2 pts | 62.2% | 62.6% | 41.7% | 0.34 | 247 |
| SPY | -1.0 pts | 61.6% | 61.9% | 37.7% | 0.34 | 247 |
| XLY | -0.6 pts | 57.1% | 57.5% | 55.1% | 0.13 | 247 |
| XLV | -0.3 pts | 53.7% | 53.2% | 60.0% | 0.11 | 247 |
| WDC | +0.6 pts | 52.9% | 52.8% | 45.2% | 0.05 | 247 |
| SNDK | -0.7 pts | 45.5% | 45.5% | 23.4% | -0.07 | 247 |
| ORCL | -3.6 pts | 45.1% | 44.7% | 23.3% | -0.27 | 247 |
| MRVL | -1.2 pts | 41.2% | 41.7% | 29.5% | -0.14 | 247 |
| CRSR | -4.0 pts | 37.9% | 37.6% | 39.1% | -0.32 | 245 |
| AMD | -3.0 pts | 35.1% | 35.6% | 25.4% | -0.39 | 247 |
| XLP | -0.7 pts | 34.5% | 34.8% | 41.5% | -0.40 | 247 |
| QQQ | -1.4 pts | 32.7% | 33.2% | 32.9% | -0.42 | 247 |
| PANW | -3.6 pts | 30.2% | 30.8% | 21.5% | -0.51 | 247 |
| XLK | -1.7 pts | 28.6% | 28.7% | 31.0% | -0.55 | 247 |
| NVDA | -4.3 pts | 27.6% | 27.9% | 31.9% | -0.46 | 247 |
| XLI | -1.4 pts | 25.9% | 25.7% | 29.0% | -0.67 | 247 |
| SPCX | -3.7 pts | 25.7% | 25.7% | 8.7% | -0.48 | 72 |
| PLTR | -7.2 pts | 25.3% | 25.5% | 22.0% | -0.51 | 247 |
| CRWD | -4.0 pts | 24.1% | 24.3% | 24.9% | -0.44 | 247 |
| SOXX | -2.1 pts | 18.2% | 18.0% | 40.9% | -1.01 | 247 |
| SMH | -2.5 pts | 16.3% | 16.2% | 30.5% | -1.19 | 247 |
| DELL | -4.9 pts | 14.1% | 14.4% | 14.4% | -0.67 | 247 |
| DE | -3.4 pts | 12.7% | 12.6% | 21.9% | -0.71 | 247 |
| AVGO | -6.0 pts | 6.5% | 6.7% | 15.3% | -0.90 | 247 |
| RSP | -1.2 pts | insufficient data (n=2) | insufficient data (n=2) | insufficient data (n=2) | insufficient data (n=2) | 2 |
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