Twitxy Saved

Noel Smith

Verified account This account is verified. Learn more

@NoelSmith

Co-CIO of Kai A.M. & Wealth, Market-Maker/Floor Trader, 20+ years. Founder of Chicago Options Market-Making, Prop and HFT firms at the CBOE & CME | Board Member
Utah/Chicago/Tahoe/|No Advice kai-am.com Joined July 2020
2.1K Following 19K Followers 10K Posts

Latest posts 5

Noel Smith Verified account @NoelSmith
For Anthropic, $ANT the first possible day of NASDAQ 100 inclusion is: December 21 2026. A newly listed company qualifies for Fast Entry if its full market capitalization ranks in the top 40 of current Nasdaq-100 constituents (evaluated at the close of its 7th trading day).
Announcement is typically after the close of the 10th trading day.
Addition is typically after the 15th trading day (effective the next market open). Seasoning is waived.
It is added on top of existing constituents (no forced replacement). The index can temporarily exceed 100 names until the next annual reconstitution returns it to 100.
Weighting uses Modified Market Capitalization: the lesser of listed shares or 3× free-floating shares. Low float (Anthropic’s IPO is reported to represent roughly ~6% of shares outstanding) therefore caps the initial index weight at 3× free-float market value, not full market cap.
5 replies 5 reposts 19 likes 2.6K views View on X