IQM - Franklin Intelligent Machines ETF
The fund seeks capital appreciation by investing in equity securities inside and outside of the United States, including developing or emerging markets. The fund invests in companies that are relevant to its investment theme of intelligent machines that the investment manager believes are substantially focused on/or are expected to substantially benefit from the ongoing technology-driven transformation of products, software, systems and machinery as well as product design, manufacture, logistics, distribution and maintenance, including through developments in artificial intelligence.
As of May 15, 2026: spot at $112.86, ATM IV 30.9%, max pain $105.00, net GEX $3.6K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $67.2M
- Beta
- 1.59
- 52-Week Range
- 67.19-115.19
- IPO Date
- Feb 27, 2020
- Exchange
- CBOE
What IQM Looks Like to Options Traders Today
IV rank of 53.5% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($3.6K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.021) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The IQM 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 IQM overview questions
- What is IQM?
- IQM is the ticker symbol for Franklin Intelligent Machines ETF, an listed exchange-traded fund. The fund seeks capital appreciation by investing in equity securities inside and outside of the United States, including developing or emerging markets. The fund invests in companies that are relevant to its investment theme of intelligent machines that the investment manager believes are substantially focused on/or are expected to substantially benefit from the ongoing technology-driven transformation of products, software, systems and machinery as well as product design, manufacture, logistics, distribution and maintenance, including through developments in artificial intelligence. Listed on CBOE. IQM 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 IQM options snapshot look like today?
- As of May 15, 2026, the IQM options snapshot shows spot at $112.86, ATM IV 30.9%, IV rank 53.5%, max pain $105.00, net GEX $3.6K, expected move 8.86%. 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 IQM's key statistics?
- Franklin Intelligent Machines ETF (IQM) carries a market capitalization of $67.2M, 52-week range of 67.19-115.19. 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 IQM belong to?
- Franklin Intelligent Machines ETF operates in the Financial Services sector, in the Asset Management 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 IQM'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 IQM 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.