BOAT - SonicShares Global Shipping ETF
The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund’s investment adviser believes will help it track the index.
As of May 15, 2026: spot at $41.70, ATM IV 26.4%, net GEX -$15.7K.
- Sector
- Financial Services
- Industry
- Asset Management - Global
- Market Cap
- $49.3M
- Beta
- 0.57
- 52-Week Range
- 28.3-43.24
- Dividend Yield
- $2.56
- IPO Date
- Aug 4, 2021
- Exchange
- AMEX
What BOAT Looks Like to Options Traders Today
IV rank of 2.8% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); negative net gamma exposure (-$15.7K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (-0.079) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The BOAT overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked BOAT overview questions
- What is BOAT?
- BOAT is the ticker symbol for SonicShares Global Shipping ETF, an listed exchange-traded fund. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. Listed on AMEX. BOAT is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the BOAT options snapshot look like today?
- As of May 15, 2026, the BOAT options snapshot shows spot at $41.70, ATM IV 26.4%, IV rank 2.8%, net GEX -$15.7K, expected move 7.57%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are BOAT's key statistics?
- SonicShares Global Shipping ETF (BOAT) carries a market capitalization of $49.3M, 52-week range of 28.3-43.24. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does BOAT belong to?
- SonicShares Global Shipping ETF operates in the Financial Services sector, in the Asset Management - Global industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare BOAT's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the BOAT data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.