The Sophos Alpha Terminal

Trade with the same map the institutions use.

Fundamentals tell you what to buy. Positioning and flows tell you when. The terminal puts both in front of you — in your browser, without the six-figure price tag.

AAPL US
SPX 6412 +0.4% NDX 23110 +0.6% MSFT 438.2 +0.4% NVDA 131.0 −2.9% VIX 20.8 +18% 10Y 4.21% SPX 6412 +0.4% NDX 23110 +0.6% MSFT 438.2 +0.4% NVDA 131.0 −2.9% VIX 20.8 +18% 10Y 4.21%
16:00 EST
Apple Inc.
255.78
▲ +2.14 +0.84%
Mkt open · 48.2M vol
Valuation ladder — price vs the levels that matter · ▲ trading rich
52w low169.21
DCF fair196.90
St. target242.23
Current255.78
52w high260.10
Mkt cap3.51T P/E · fwd30.9/ 27.4 β 5y1.19 Div yield0.50% Next earningsJul 3121d
Price · Relative1Y · vs SPX
260230200170 VOL
Conviction
D
Value38 · rich
A+
Quality90 · elite
C
Growth55 · steady
A−
Health80 · strong
B
Momentum64 · firm
ReadElite franchise, priced for it.
Fundamental trends5Y · CAGR
Revenue
391B +8%
Gross margin
46.2% +3pt
Free cash flow
108B +7%
EPS ttm
8.28 +11%
ROIC
54.9% +9pt

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Equity Research

Institutional-grade company analysis

Everything you need to underwrite a stock, without juggling ten browser tabs. The company workspace combines fundamentals, street expectations, ownership, and quantitative context in a single dense view.

  • Valuation panel with historical multiples, peer-relative ranges, and analyst target prices
  • Earnings estimates, revision momentum, and surprise history quarter by quarter
  • Credit and debt analysis: maturity walls, leverage trends, and interest coverage
  • Institutional activity from 13F filings — who is accumulating, who is exiting
  • Sector and peer factor comparison to see how a name really screens
  • Quantitative and technical analysis panels with 200+ indicators
Convictiongrades · quintiles
D
Value
38 · rich
A+
Quality
90 · elite
C
Growth
55 · steady
A−
Health
80 · strong
B
Momentum
64 · firm
Risk — β regression vs SPX5Y weekly
−4 +4 +4 −4 SPX wk % AAPL wk %
β 1.19 α −0.5%/yr 50% ρ 0.71
vs sector medianTechnology · n=64
P/E
+28%
30.9
FCF yield
−26%
3.1%
Net margin
+122%
25.6%
ROE
+180%
150%
Rev growth
+2%
8.0%
Moves 1.19× the market; premium multiple, elite margins — over/under is a shape, not a table.

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CFTC · COT Report

Commitment of Traders, decoded

The CFTC publishes trader positioning every week — most investors never look at it. Our COT analytics turn the raw report into heatmaps, percentile extremes, and signals across equity index, energy, metals, rates, and FX futures.

  • Positioning dashboards for commercials, managed money, and small speculators
  • Historical percentile heatmaps that flag stretched positioning at a glance
  • Extreme-position detection with lookbacks across the full CFTC history
  • Signal panels that track positioning turns and crowded-trade risk
  • Fuzzy contract search across every futures market the CFTC covers
COT · Managed money netweekly · % of OI · percentile 5Y
ES · S&P 500
92nd pct ◆
+118K
CL · Crude Oil
48th pct
+212K
GC · Gold
96th pct ◆
+248K
ZN · 10Y Note
4th pct ◆
−672K
6E · Euro FX
31st pct
−48K
NG · Nat Gas
12th pct
−131K
Gold longs at the 96th percentile and 10Y shorts at the 4th — two crowded trades flagged this week. ◆ = positioning extreme.
Markets184 Extremes7 ReleaseFri 15:30EST History20Y

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Systematic Flows

Track CTA and vol-control money

A large share of daily equity volume is mechanical: trend-following CTAs, volatility-control funds, and vol-targeting strategies that buy and sell on rules, not opinions. The terminal models these flows so you can anticipate them.

  • CTA positioning estimates across equities, bonds, commodities, and currencies
  • Volatility-control fund equity exposure and projected rebalancing flows
  • Implied vs. realized volatility spreads that trigger systematic re-leveraging
  • Momentum and trigger-level panels showing where model flows flip
Vol-control · equity exposure1Y · % of max
100%60%20% VOL SPIKE → −$41B in 4 sessions
CTA equity net +72% long Vol-control exposure 94% Implied−realized +3.1 vol Est. flow next 5d +$9B
Realized vol is bleeding lower — vol-target funds are mechanical buyers into strength this week.

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Derivatives

Options analytics and simulation

Design trades with the same tooling a derivatives desk uses: visual strategy construction, live surface data, and probabilistic outcomes instead of guesswork.

  • Multi-leg strategy builder with interactive payoff diagrams
  • 3D volatility surface across strikes and expirations
  • Monte Carlo price simulation for probability-weighted outcomes
  • Greeks and breakeven analysis for every structure you build
Strategy · Bull call spreadAAPL · 45 DTE
250 C +1 270 C −1 B/E 255.90 max +$1,410 max −$590
Δ delta+0.31 Θ theta−4.2/d Vega+12.8 P(profit)54% IV rank62

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Macro & Rates

The macro picture, always in view

Single names do not trade in a vacuum. The macro monitor keeps rates, policy, and the economic calendar one keystroke away from any ticker.

  • FRED economic data hub with curated indicator dashboards
  • Full Treasury curve with rate strips and historical context
  • Central bank policy tracker and upcoming meeting calendar
  • Economic releases: today’s prints and the week ahead
  • FX rates and cross-market dashboards
Rates · Treasury curvetoday vs 1Y ago
5.0%4.0% 3M2Y5Y10Y30Y – – 1Y ago
Fed funds4.25–4.50 2s10s+34bp CPI yoy2.6% Next FOMCJul 2911d
Curve has re-steepened vs last year: the front end priced for cuts, the long end holding — the regime shift in one line.

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News Intelligence

News that knows your portfolio

An AI pipeline ingests market news, analyzes it, and connects it to tickers and themes with vector-based semantic search — so the headlines you see are the ones that matter to your positions.

  • AI-scored headlines connected to your watchlist
  • Semantic search across the full news archive, not just keyword matching
  • Global market overview with curated feeds by asset class
News · Ranked for your bookAI-scored · semantic
2h RTRS Apple expands India assembly ahead of iPhone 17 cycle 92
4h BBG Gold ETF inflows hit 14-month high as positioning stretches 88
6h BBG Services revenue seen topping $100B run-rate this year 84
1d WSJ EU opens follow-up probe into App Store steering rules 71
1d FT CTA funds flip to net buyers of equity futures, banks estimate 66
Score = relevance to your watchlist and themes, not clicks — signal ranked above noise.

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Frequently asked questions

What is the Sophos Alpha Terminal?

The Sophos Alpha Terminal is a browser-based market analytics platform that brings institutional-grade tools to active investors: deep equity research, CFTC Commitment of Traders positioning analytics, CTA and volatility-control flow tracking, an options strategy builder with volatility surfaces, and macro data from FRED and the Treasury market — all in one Bloomberg-style workspace.

What markets and data does the terminal cover?

The terminal covers US equities with full fundamental, valuation, and ownership data; futures positioning across equity indices, energy, metals, rates, and currencies via weekly CFTC COT reports; listed options with strategy building and volatility analytics; FX rates; and macroeconomic data including FRED series, Treasury yields, and central bank policy.

How is this different from a Bloomberg Terminal?

Bloomberg is built for institutional desks and priced accordingly. The Sophos Alpha Terminal focuses on the workflows that actually generate ideas for active investors — positioning, flows, valuation, and options — in a fast web interface at a fraction of the cost, with no dedicated hardware or contracts.

What is COT positioning analysis and why does it matter?

Every week the CFTC publishes the Commitment of Traders report, which breaks down futures positioning by trader type: commercials, managed money, and small speculators. Extremes in this data have historically preceded major turning points. The terminal turns the raw report into heatmaps, percentiles, and signals so you can spot crowded trades before they unwind.

What are CTA and vol-control flows?

CTAs (trend-following funds) and volatility-control funds manage hundreds of billions of dollars using systematic rules. When trends flip or volatility spikes, they buy or sell mechanically regardless of fundamentals. The terminal models their positioning and trigger levels so you can anticipate this mechanical supply and demand.

How often is the data updated?

COT positioning data updates weekly following each CFTC release. Market prices, macro series, and news update continuously throughout the trading day.

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