Options

High IV · Sell Premium

Where option premium is richest right now, for option sellers (covered calls, cash-secured puts, credit spreads, iron condors). Sorted by premium score, which blends how high IV is vs the rest of the list, how far IV runs above the stock's realized (historical) volatility, and IV rank. Premium is richest when all three are high: the market is paying you more than the stock has actually been moving. Click a column to re-sort; click a ticker for its full IV history.

Last scan: · 107 tickers with live option quotes · rescans every 6 hours.

IV the yearly move options are pricing IV rank 0 = lowest IV of the year, 100 = highest (needs 20 days of recorded history) IV / HV above 1.2× = options pricing in more movement than the stock has shown
Ticker Price IV IV rank HV 30d IV / HV Exp. move Put/Call Opt. volume Premium score
MRNA $197.28 -0.8% 99.1% 1/20 days 315.7% 0.31× ±29.3% / 32d 2.83 2K 66
DAL $84.03 -1.1% 51.2% 1/20 days 29.7% 1.72× ±15.2% / 32d 0.20 1K 66
GM $80.64 -2.4% 49.0% 1/20 days 32.8% 1.49× ±14.5% / 32d 0.69 307 65
NKE $36.39 +1.8% 49.0% 1/20 days 28.4% 1.73× ±14.5% / 32d 0.37 3K 64
AAL $13.52 -2.5% 52.6% 2/20 days 31.6% 1.66× ±15.6% / 32d 1.16 1K 63
TXN $278.31 +0.1% 51.1% 1/20 days 28.5% 1.79× ±15.1% / 32d 1.81 211 63
UAL $111.51 -2.2% 54.2% 2/20 days 38.2% 1.42× ±16.0% / 32d 0.29 2K 62
CAT $819.95 -0.2% 48.9% 1/20 days 29.7% 1.65× ±14.5% / 32d 0.75 979 62
DKNG $21.16 -3.9% 56.5% 2/20 days 49.3% 1.14× ±16.7% / 32d 0.30 867 60
HOOD $116.46 -2.5% 61.6% 1/20 days 81.2% 0.76× ±18.2% / 32d 0.89 5K 60
LCID $3.90 -4.2% 87.6% 1/20 days 59.5% 1.47× ±25.9% / 32d 0.55 1K 59
XLE $62.10 +0.1% 40.1% 1/20 days 18.9% 2.12× ±11.9% / 32d 2.53 3K 59
CCL $22.14 -0.5% 50.7% 2/20 days 28.1% 1.81× ±15.0% / 32d 2.10 3K 59
MSTR $157.14 -0.9% 65.9% 1/20 days 100.9% 0.65× ±19.5% / 32d 1.14 8K 57
LLY $1,184.78 +0.1% 44.9% 1/20 days 26.7% 1.68× ±13.3% / 32d 1.47 1K 56
PYPL $54.28 -1.4% 53.8% 1/20 days 49.9% 1.08× ±15.9% / 32d 0.43 730 56
COIN $191.79 -1.7% 64.3% 1/20 days 87.4% 0.74× ±19.0% / 32d 1.02 1K 56
META $715.62 -4.8% 45.0% 1/20 days 49.5% 0.91× ±13.3% / 32d 1.22 15K 55
SNAP $5.22 -3.7% 58.8% 2/20 days 55.9% 1.05× ±17.4% / 32d 0.27 2K 55
MARA $12.11 -3.5% 79.0% 2/20 days 93.6% 0.84× ±23.4% / 32d 0.61 3K 55
NIO $3.59 +0.3% 52.7% 1/20 days 34.1% 1.55× ±15.6% / 32d 0.06 5K 55
MS $193.64 -1.4% 37.9% 1/20 days 23.9% 1.58× ±11.2% / 32d 0.16 223 55
CMCSA $21.79 -0.5% 43.1% 1/20 days 32.1% 1.34× ±12.8% / 32d 0.28 417 55
SCHW $98.30 -0.7% 36.8% 1/20 days 26.5% 1.39× ±10.9% / 32d 0.87 230 54
RIOT $21.62 -6.0% 82.0% 1/20 days 84.7% 0.97× ±24.3% / 32d 0.62 1K 54
INTC $116.03 -5.7% 72.6% 1/20 days 68.7% 1.06× ±21.5% / 32d 0.31 44K 54
JD $26.61 +0.4% 39.1% 1/20 days 18.7% 2.09× ±11.6% / 32d 0.45 701 54
RIVN $14.79 -4.4% 57.0% 1/20 days 41.8% 1.36× ±16.9% / 32d 1.58 9K 53
SHOP $144.01 +1.2% 56.4% 1/20 days 53.7% 1.05× ±16.7% / 32d 0.95 674 53
ARM $283.33 -8.7% 66.9% 1/20 days 84.3% 0.79× ±19.8% / 32d 1.96 3K 52
NFLX $69.23 -2.7% 43.7% 1/20 days 36.0% 1.21× ±12.9% / 32d 1.00 10K 52
UNH $377.83 +0.3% 41.3% 1/20 days 19.3% 2.14× ±12.2% / 32d 1.02 741 52
BMY $63.88 +1.6% 36.3% 1/20 days 23.1% 1.57× ±10.7% / 32d 0.22 638 52
MRK $148.69 -0.1% 37.2% 1/20 days 41.4% 0.90× ±11.0% / 32d 0.70 618 52
ABNB $156.08 -0.9% 44.5% 1/20 days 37.3% 1.20× ±13.2% / 32d 0.86 388 52
CRM $227.27 -2.9% 43.6% 1/20 days 69.1% 0.63× ±12.9% / 32d 1.27 2K 51
PINS $18.41 -2.6% 52.7% 1/20 days 47.4% 1.11× ±15.6% / 32d 1.41 212 51
USO $150.01 +1.1% 51.2% 1/20 days 41.9% 1.22× ±15.2% / 32d 0.90 7K 50
IBM $220.67 -2.1% 46.5% 1/20 days 33.2% 1.40× ±13.8% / 32d 0.51 1K 50
SLB $51.49 -0.1% 43.7% 1/20 days 34.0% 1.29× ±12.9% / 32d 0.50 218 50
TLT $78.62 -0.9% 15.1% 1/20 days 11.4% 1.32× ±4.5% / 32d 0.51 32K 50
CVS $87.85 -1.4% 39.1% 1/20 days 26.6% 1.47× ±11.6% / 32d 0.21 1K 49
SMCI $41.78 -3.4% 71.8% 1/20 days 67.7% 1.06× ±21.3% / 32d 0.65 4K 49
SBUX $95.27 +0.4% 37.7% 1/20 days 20.3% 1.86× ±11.2% / 32d 0.42 881 49
GE $318.24 -2.7% 40.7% 1/20 days 30.5% 1.33× ±12.0% / 32d 1.73 218 48
BA $184.39 -6.9% 39.8% 1/20 days 30.3% 1.31× ±11.8% / 32d 0.80 5K 48
GOOGL $342.75 -0.3% 36.6% 1/20 days 23.4% 1.56× ±10.8% / 32d 0.75 5K 48
AMZN $246.15 -1.4% 39.3% 1/20 days 25.4% 1.55× ±11.7% / 32d 0.93 12K 48
T $24.90 -1.9% 33.2% 1/20 days 21.3% 1.56× ±9.8% / 32d 0.24 873 48
ADBE $231.01 -1.9% 42.3% 1/20 days 44.5% 0.95× ±12.5% / 32d 0.80 955 47
C $131.31 -2.2% 36.2% 1/20 days 23.2% 1.56× ±10.7% / 32d 1.14 647 47
RTX $187.66 -0.9% 34.1% 1/20 days 18.6% 1.83× ±10.1% / 32d 0.39 79 47
LMT $518.10 -0.3% 34.1% 1/20 days 23.5% 1.45× ±10.1% / 32d 2.87 740 47
MU $1,053.98 -2.6% 60.1% 1/20 days 53.8% 1.12× ±17.8% / 32d 1.44 8K 45
UBER $68.16 -2.1% 40.2% 1/20 days 28.7% 1.40× ±11.9% / 32d 0.77 2K 45
WFC $80.81 -2.6% 33.2% 1/20 days 25.2% 1.32× ±9.8% / 32d 0.63 679 45
JPM $336.59 -1.9% 29.1% 1/20 days 18.0% 1.62× ±8.6% / 32d 1.81 993 44
GS $916.28 -2.1% 37.7% 1/20 days 28.7% 1.31× ±11.2% / 32d 0.59 1K 44
ABBV $266.28 +0.7% 32.7% 1/20 days 20.8% 1.57× ±9.7% / 32d 0.67 581 44
AMD $607.87 -3.6% 51.6% 1/20 days 54.6% 0.95× ±15.3% / 32d 1.39 10K 44
CVX $206.37 +0.9% 30.6% 1/20 days 21.7% 1.41× ±9.1% / 32d 0.34 466 43
ROKU $152.67 -0.0% 33.0% 2/20 days 13.1% 2.52× ±9.8% / 32d 0.00 875 43
XOM $162.52 +1.2% 33.1% 1/20 days 25.7% 1.29× ±9.8% / 32d 0.78 748 43
QCOM $187.48 -7.2% 49.9% 1/20 days 48.5% 1.03× ±14.8% / 32d 0.86 4K 43
F $12.38 -2.6% 42.1% 1/20 days 35.2% 1.20× ±12.5% / 32d 0.79 5K 43
GDX $87.89 -5.4% 43.7% 1/20 days 50.4% 0.87× ±12.9% / 32d 1.76 2K 43
MSFT $509.22 -1.4% 34.2% 1/20 days 23.8% 1.44× ±10.1% / 32d 0.64 6K 43
SOFI $15.93 -3.9% 51.6% 1/20 days 47.6% 1.08× ±15.3% / 32d 0.79 24K 43
LOW $187.66 -0.9% 31.4% 1/20 days 19.9% 1.57× ±9.3% / 32d 0.46 124 43
HD $289.89 -1.1% 29.8% 1/20 days 21.5% 1.39× ±8.8% / 32d 1.09 409 42
COP $126.04 -1.0% 35.3% 1/20 days 31.1% 1.14× ±10.4% / 32d 0.83 923 42
JNJ $271.95 +0.3% 28.8% 1/20 days 18.7% 1.54× ±8.5% / 32d 1.91 404 42
BAC $55.47 -2.2% 29.2% 1/20 days 23.5% 1.24× ±8.6% / 32d 0.54 2K 41
BIDU $86.97 -0.4% 42.3% 1/20 days 51.7% 0.82× ±12.5% / 32d 0.60 421 41
TSLA $357.45 -3.9% 44.7% 1/20 days 44.9% 1.00× ±13.2% / 32d 0.34 28K 40
ORCL $132.60 -3.3% 52.3% 1/20 days 47.2% 1.11× ±15.5% / 32d 1.24 9K 40
OXY $56.10 -1.3% 36.7% 1/20 days 30.3% 1.21× ±10.9% / 32d 0.96 501 40
DE $689.59 -0.1% 34.0% 1/20 days 35.1% 0.97× ±10.1% / 32d 1.08 208 39
PEP $128.50 -0.1% 27.1% 1/20 days 16.9% 1.60× ±8.0% / 32d 0.28 2K 39
PLTR $187.48 -1.1% 46.6% 1/20 days 44.9% 1.04× ±13.8% / 32d 2.35 10K 38
AXP $306.33 -0.8% 32.0% 1/20 days 20.9% 1.53× ±9.5% / 32d 0.87 310 38
XYZ $73.31 -4.1% 43.0% 1/20 days 36.8% 1.17× ±12.7% / 32d 2.05 479 38
WMT $108.73 +0.7% 25.1% 1/20 days 34.5% 0.73× ±7.4% / 32d 0.26 2K 38
XLF $54.19 -1.2% 20.8% 1/20 days 13.4% 1.55× ±6.2% / 32d 1.20 2K 37
TGT $158.43 +0.6% 32.4% 1/20 days 31.7% 1.02× ±9.6% / 32d 0.72 298 37
VZ $46.68 -0.9% 29.1% 1/20 days 20.7% 1.40× ±8.6% / 32d 0.61 1K 37
PG $149.03 +1.9% 24.5% 1/20 days 15.2% 1.61× ±7.2% / 32d 0.44 1K 36
XLK $194.53 -0.9% 29.1% 1/20 days 21.2% 1.37× ±8.6% / 32d 0.97 360 36
KO $87.18 -0.7% 23.3% 1/20 days 15.2% 1.53× ±6.9% / 32d 0.38 815 35
CSCO $106.74 +0.0% 33.0% 1/20 days 25.3% 1.31× ±9.8% / 32d 0.30 2K 35
MA $568.26 +0.1% 27.6% 1/20 days 17.9% 1.54× ±8.2% / 32d 1.50 340 34
PDD $78.49 +1.2% 33.5% 1/20 days 24.2% 1.38× ±9.9% / 32d 0.98 2K 33
V $367.74 +0.1% 26.0% 1/20 days 18.6% 1.40× ±7.7% / 32d 3.30 1K 33
BABA $108.76 -0.9% 38.6% 1/20 days 40.0% 0.97× ±11.4% / 32d 0.36 4K 33
DIS $105.59 -0.5% 27.7% 1/20 days 25.0% 1.11× ±8.2% / 32d 0.71 487 32
MCD $233.60 -1.2% 22.1% 1/20 days 22.0% 1.01× ±6.6% / 32d 0.67 2K 31
AAPL $338.40 -0.8% 26.3% 2/20 days 20.7% 1.27× ±7.8% / 32d 1.09 7K 30
NVDA $228.86 +1.7% 31.8% 1/20 days 39.1% 0.81× ±9.4% / 32d 0.39 39K 30
IWM $280.02 -0.7% 19.1% 1/20 days 12.2% 1.57× ±5.7% / 32d 3.00 19K 30
DIA $514.02 -0.7% 14.1% 1/20 days 10.9% 1.30× ±4.2% / 32d 0.58 1K 29
SPY $765.61 -0.7% 13.5% 2/20 days 10.0% 1.35× ±4.0% / 32d 1.05 66K 28
COST $922.92 +0.0% 21.3% 1/20 days 19.6% 1.09× ±6.3% / 32d 1.45 3K 27
QQQ $736.53 -1.1% 19.4% 1/20 days 15.5% 1.25× ±5.7% / 32d 2.96 156K 26
PFE $28.72 +0.2% 24.5% 1/20 days 18.9% 1.30× ±7.2% / 32d 0.27 2K 26
SLV $54.95 -5.5% 36.6% 1/20 days 42.6% 0.86× ±10.8% / 32d 0.29 18K 24
AVGO $349.57 -0.9% 36.0% 1/20 days 33.6% 1.07× ±10.7% / 32d 0.34 10K 23
GLD $377.91 -3.9% 22.4% 1/20 days 26.9% 0.83× ±6.7% / 32d 0.67 10K 18

High IV means high risk as well as high premium: it's often high because an event (earnings, FDA decision, lawsuit) is coming. Check the next earnings date before selling, and prefer defined-risk trades (spreads, iron condors) on the most volatile names.

Low IV · Buy Premium

Where options are cheapest relative to their own history and to how much the stock actually moves, for option buyers (long calls or puts, debit spreads, long straddles). Buying when IV is low means you pay less for the same move, and a rise in IV later works in your favour. Sorted from the lowest premium score up.

Last scan: · 107 tickers with live option quotes · rescans every 6 hours.

Ticker Price IV IV rank HV 30d IV / HV Exp. move Put/Call Opt. volume Premium score
GLD $377.91 -3.9% 22.4% 1/20 days 26.9% 0.83× ±6.7% / 32d 0.67 10K 18
AVGO $349.57 -0.9% 36.0% 1/20 days 33.6% 1.07× ±10.7% / 32d 0.34 10K 23
SLV $54.95 -5.5% 36.6% 1/20 days 42.6% 0.86× ±10.8% / 32d 0.29 18K 24
PFE $28.72 +0.2% 24.5% 1/20 days 18.9% 1.30× ±7.2% / 32d 0.27 2K 26
QQQ $736.53 -1.1% 19.4% 1/20 days 15.5% 1.25× ±5.7% / 32d 2.96 156K 26
COST $922.92 +0.0% 21.3% 1/20 days 19.6% 1.09× ±6.3% / 32d 1.45 3K 27
SPY $765.61 -0.7% 13.5% 2/20 days 10.0% 1.35× ±4.0% / 32d 1.05 66K 28
DIA $514.02 -0.7% 14.1% 1/20 days 10.9% 1.30× ±4.2% / 32d 0.58 1K 29
IWM $280.02 -0.7% 19.1% 1/20 days 12.2% 1.57× ±5.7% / 32d 3.00 19K 30
NVDA $228.86 +1.7% 31.8% 1/20 days 39.1% 0.81× ±9.4% / 32d 0.39 39K 30
AAPL $338.40 -0.8% 26.3% 2/20 days 20.7% 1.27× ±7.8% / 32d 1.09 7K 30
MCD $233.60 -1.2% 22.1% 1/20 days 22.0% 1.01× ±6.6% / 32d 0.67 2K 31
DIS $105.59 -0.5% 27.7% 1/20 days 25.0% 1.11× ±8.2% / 32d 0.71 487 32
BABA $108.76 -0.9% 38.6% 1/20 days 40.0% 0.97× ±11.4% / 32d 0.36 4K 33
V $367.74 +0.1% 26.0% 1/20 days 18.6% 1.40× ±7.7% / 32d 3.30 1K 33
PDD $78.49 +1.2% 33.5% 1/20 days 24.2% 1.38× ±9.9% / 32d 0.98 2K 33
MA $568.26 +0.1% 27.6% 1/20 days 17.9% 1.54× ±8.2% / 32d 1.50 340 34
CSCO $106.74 +0.0% 33.0% 1/20 days 25.3% 1.31× ±9.8% / 32d 0.30 2K 35
KO $87.18 -0.7% 23.3% 1/20 days 15.2% 1.53× ±6.9% / 32d 0.38 815 35
XLK $194.53 -0.9% 29.1% 1/20 days 21.2% 1.37× ±8.6% / 32d 0.97 360 36
PG $149.03 +1.9% 24.5% 1/20 days 15.2% 1.61× ±7.2% / 32d 0.44 1K 36
VZ $46.68 -0.9% 29.1% 1/20 days 20.7% 1.40× ±8.6% / 32d 0.61 1K 37
TGT $158.43 +0.6% 32.4% 1/20 days 31.7% 1.02× ±9.6% / 32d 0.72 298 37
XLF $54.19 -1.2% 20.8% 1/20 days 13.4% 1.55× ±6.2% / 32d 1.20 2K 37
WMT $108.73 +0.7% 25.1% 1/20 days 34.5% 0.73× ±7.4% / 32d 0.26 2K 38
XYZ $73.31 -4.1% 43.0% 1/20 days 36.8% 1.17× ±12.7% / 32d 2.05 479 38
AXP $306.33 -0.8% 32.0% 1/20 days 20.9% 1.53× ±9.5% / 32d 0.87 310 38
PLTR $187.48 -1.1% 46.6% 1/20 days 44.9% 1.04× ±13.8% / 32d 2.35 10K 38
PEP $128.50 -0.1% 27.1% 1/20 days 16.9% 1.60× ±8.0% / 32d 0.28 2K 39
DE $689.59 -0.1% 34.0% 1/20 days 35.1% 0.97× ±10.1% / 32d 1.08 208 39
OXY $56.10 -1.3% 36.7% 1/20 days 30.3% 1.21× ±10.9% / 32d 0.96 501 40
ORCL $132.60 -3.3% 52.3% 1/20 days 47.2% 1.11× ±15.5% / 32d 1.24 9K 40
TSLA $357.45 -3.9% 44.7% 1/20 days 44.9% 1.00× ±13.2% / 32d 0.34 28K 40
BIDU $86.97 -0.4% 42.3% 1/20 days 51.7% 0.82× ±12.5% / 32d 0.60 421 41
BAC $55.47 -2.2% 29.2% 1/20 days 23.5% 1.24× ±8.6% / 32d 0.54 2K 41
JNJ $271.95 +0.3% 28.8% 1/20 days 18.7% 1.54× ±8.5% / 32d 1.91 404 42
COP $126.04 -1.0% 35.3% 1/20 days 31.1% 1.14× ±10.4% / 32d 0.83 923 42
HD $289.89 -1.1% 29.8% 1/20 days 21.5% 1.39× ±8.8% / 32d 1.09 409 42
LOW $187.66 -0.9% 31.4% 1/20 days 19.9% 1.57× ±9.3% / 32d 0.46 124 43
SOFI $15.93 -3.9% 51.6% 1/20 days 47.6% 1.08× ±15.3% / 32d 0.79 24K 43
MSFT $509.22 -1.4% 34.2% 1/20 days 23.8% 1.44× ±10.1% / 32d 0.64 6K 43
GDX $87.89 -5.4% 43.7% 1/20 days 50.4% 0.87× ±12.9% / 32d 1.76 2K 43
F $12.38 -2.6% 42.1% 1/20 days 35.2% 1.20× ±12.5% / 32d 0.79 5K 43
QCOM $187.48 -7.2% 49.9% 1/20 days 48.5% 1.03× ±14.8% / 32d 0.86 4K 43
XOM $162.52 +1.2% 33.1% 1/20 days 25.7% 1.29× ±9.8% / 32d 0.78 748 43
ROKU $152.67 -0.0% 33.0% 2/20 days 13.1% 2.52× ±9.8% / 32d 0.00 875 43
CVX $206.37 +0.9% 30.6% 1/20 days 21.7% 1.41× ±9.1% / 32d 0.34 466 43
AMD $607.87 -3.6% 51.6% 1/20 days 54.6% 0.95× ±15.3% / 32d 1.39 10K 44
ABBV $266.28 +0.7% 32.7% 1/20 days 20.8% 1.57× ±9.7% / 32d 0.67 581 44
GS $916.28 -2.1% 37.7% 1/20 days 28.7% 1.31× ±11.2% / 32d 0.59 1K 44
JPM $336.59 -1.9% 29.1% 1/20 days 18.0% 1.62× ±8.6% / 32d 1.81 993 44
WFC $80.81 -2.6% 33.2% 1/20 days 25.2% 1.32× ±9.8% / 32d 0.63 679 45
UBER $68.16 -2.1% 40.2% 1/20 days 28.7% 1.40× ±11.9% / 32d 0.77 2K 45
MU $1,053.98 -2.6% 60.1% 1/20 days 53.8% 1.12× ±17.8% / 32d 1.44 8K 45
LMT $518.10 -0.3% 34.1% 1/20 days 23.5% 1.45× ±10.1% / 32d 2.87 740 47
RTX $187.66 -0.9% 34.1% 1/20 days 18.6% 1.83× ±10.1% / 32d 0.39 79 47
C $131.31 -2.2% 36.2% 1/20 days 23.2% 1.56× ±10.7% / 32d 1.14 647 47
ADBE $231.01 -1.9% 42.3% 1/20 days 44.5% 0.95× ±12.5% / 32d 0.80 955 47
T $24.90 -1.9% 33.2% 1/20 days 21.3% 1.56× ±9.8% / 32d 0.24 873 48
AMZN $246.15 -1.4% 39.3% 1/20 days 25.4% 1.55× ±11.7% / 32d 0.93 12K 48
GOOGL $342.75 -0.3% 36.6% 1/20 days 23.4% 1.56× ±10.8% / 32d 0.75 5K 48
BA $184.39 -6.9% 39.8% 1/20 days 30.3% 1.31× ±11.8% / 32d 0.80 5K 48
GE $318.24 -2.7% 40.7% 1/20 days 30.5% 1.33× ±12.0% / 32d 1.73 218 48
SBUX $95.27 +0.4% 37.7% 1/20 days 20.3% 1.86× ±11.2% / 32d 0.42 881 49
SMCI $41.78 -3.4% 71.8% 1/20 days 67.7% 1.06× ±21.3% / 32d 0.65 4K 49
CVS $87.85 -1.4% 39.1% 1/20 days 26.6% 1.47× ±11.6% / 32d 0.21 1K 49
TLT $78.62 -0.9% 15.1% 1/20 days 11.4% 1.32× ±4.5% / 32d 0.51 32K 50
SLB $51.49 -0.1% 43.7% 1/20 days 34.0% 1.29× ±12.9% / 32d 0.50 218 50
IBM $220.67 -2.1% 46.5% 1/20 days 33.2% 1.40× ±13.8% / 32d 0.51 1K 50
USO $150.01 +1.1% 51.2% 1/20 days 41.9% 1.22× ±15.2% / 32d 0.90 7K 50
PINS $18.41 -2.6% 52.7% 1/20 days 47.4% 1.11× ±15.6% / 32d 1.41 212 51
CRM $227.27 -2.9% 43.6% 1/20 days 69.1% 0.63× ±12.9% / 32d 1.27 2K 51
ABNB $156.08 -0.9% 44.5% 1/20 days 37.3% 1.20× ±13.2% / 32d 0.86 388 52
MRK $148.69 -0.1% 37.2% 1/20 days 41.4% 0.90× ±11.0% / 32d 0.70 618 52
BMY $63.88 +1.6% 36.3% 1/20 days 23.1% 1.57× ±10.7% / 32d 0.22 638 52
UNH $377.83 +0.3% 41.3% 1/20 days 19.3% 2.14× ±12.2% / 32d 1.02 741 52
NFLX $69.23 -2.7% 43.7% 1/20 days 36.0% 1.21× ±12.9% / 32d 1.00 10K 52
ARM $283.33 -8.7% 66.9% 1/20 days 84.3% 0.79× ±19.8% / 32d 1.96 3K 52
SHOP $144.01 +1.2% 56.4% 1/20 days 53.7% 1.05× ±16.7% / 32d 0.95 674 53
RIVN $14.79 -4.4% 57.0% 1/20 days 41.8% 1.36× ±16.9% / 32d 1.58 9K 53
JD $26.61 +0.4% 39.1% 1/20 days 18.7% 2.09× ±11.6% / 32d 0.45 701 54
INTC $116.03 -5.7% 72.6% 1/20 days 68.7% 1.06× ±21.5% / 32d 0.31 44K 54
RIOT $21.62 -6.0% 82.0% 1/20 days 84.7% 0.97× ±24.3% / 32d 0.62 1K 54
SCHW $98.30 -0.7% 36.8% 1/20 days 26.5% 1.39× ±10.9% / 32d 0.87 230 54
CMCSA $21.79 -0.5% 43.1% 1/20 days 32.1% 1.34× ±12.8% / 32d 0.28 417 55
MS $193.64 -1.4% 37.9% 1/20 days 23.9% 1.58× ±11.2% / 32d 0.16 223 55
NIO $3.59 +0.3% 52.7% 1/20 days 34.1% 1.55× ±15.6% / 32d 0.06 5K 55
MARA $12.11 -3.5% 79.0% 2/20 days 93.6% 0.84× ±23.4% / 32d 0.61 3K 55
SNAP $5.22 -3.7% 58.8% 2/20 days 55.9% 1.05× ±17.4% / 32d 0.27 2K 55
META $715.62 -4.8% 45.0% 1/20 days 49.5% 0.91× ±13.3% / 32d 1.22 15K 55
COIN $191.79 -1.7% 64.3% 1/20 days 87.4% 0.74× ±19.0% / 32d 1.02 1K 56
PYPL $54.28 -1.4% 53.8% 1/20 days 49.9% 1.08× ±15.9% / 32d 0.43 730 56
LLY $1,184.78 +0.1% 44.9% 1/20 days 26.7% 1.68× ±13.3% / 32d 1.47 1K 56
MSTR $157.14 -0.9% 65.9% 1/20 days 100.9% 0.65× ±19.5% / 32d 1.14 8K 57
CCL $22.14 -0.5% 50.7% 2/20 days 28.1% 1.81× ±15.0% / 32d 2.10 3K 59
XLE $62.10 +0.1% 40.1% 1/20 days 18.9% 2.12× ±11.9% / 32d 2.53 3K 59
LCID $3.90 -4.2% 87.6% 1/20 days 59.5% 1.47× ±25.9% / 32d 0.55 1K 59
HOOD $116.46 -2.5% 61.6% 1/20 days 81.2% 0.76× ±18.2% / 32d 0.89 5K 60
DKNG $21.16 -3.9% 56.5% 2/20 days 49.3% 1.14× ±16.7% / 32d 0.30 867 60
CAT $819.95 -0.2% 48.9% 1/20 days 29.7% 1.65× ±14.5% / 32d 0.75 979 62
UAL $111.51 -2.2% 54.2% 2/20 days 38.2% 1.42× ±16.0% / 32d 0.29 2K 62
TXN $278.31 +0.1% 51.1% 1/20 days 28.5% 1.79× ±15.1% / 32d 1.81 211 63
AAL $13.52 -2.5% 52.6% 2/20 days 31.6% 1.66× ±15.6% / 32d 1.16 1K 63
NKE $36.39 +1.8% 49.0% 1/20 days 28.4% 1.73× ±14.5% / 32d 0.37 3K 64
GM $80.64 -2.4% 49.0% 1/20 days 32.8% 1.49× ±14.5% / 32d 0.69 307 65
DAL $84.03 -1.1% 51.2% 1/20 days 29.7% 1.72× ±15.2% / 32d 0.20 1K 66
MRNA $197.28 -0.8% 99.1% 1/20 days 315.7% 0.31× ±29.3% / 32d 2.83 2K 66

Implied Volatility & History

State Street SPDR S&P 500 ETF T (SPY) · $765.61. Search any ticker above.

Implied volatility (IV) is how much movement the options market is pricing in; historical volatility (HV) is how much the stock actually moved. Both are yearly percentages. Comparing them shows whether options are cheap or expensive.

Implied volatility (30-day, at the money) 53.2% Options expiring 2026-10-30 (31 days), the calls and puts nearest today's price. Rough guide: under 20% calm, 20-40% normal for single stocks, 60%+ very volatile.
Expected move by expiry ±$118.75 ±15.5% by 2026-10-30. Options price the stock to stay within this range about two-thirds of the time. Sellers often place short strikes just outside it.
IV rank / percentile (1 year) 15 / 27% Where today's implied volatility sits in its past-year range of historical implied volatility (0 lowest, 100 highest), from a full year of the VIX volatility index; percentile = share of days it was lower. Above 50 favours selling premium, below 30 favours buying.
Historical volatility (20 / 30-day) 11.1% / 10.0% How much the stock actually moved over the last 20 and 30 trading days, as a yearly rate.
HV rank / percentile (1 year) 29 / 14% Where 30-day HV sits in its past-year range. Volatility mean-reverts: very low readings often come before bigger moves.
IV premium (IV − HV) +43.2 pts Positive = options price more movement than the stock has shown: the edge option sellers collect over time. Negative = options look cheap.
Call IV / put IV 51.8% / 54.7% Puts pricier than calls ("skew") means traders are paying up for downside protection, which makes selling puts pay more.
Put/call ratio (volume / open interest) 1.05 / 0.00 Puts per call at that expiry. Above ~1 leans bearish or hedged; below ~0.7 bullish. Extremes are often read contrarian.

Historical Implied Volatility vs Realized Volatility

Two different things, easy to mix up. Historical implied volatility (lavender) is what option prices were expecting on each past day: the record IV rank is built from. Historical (realized) volatility (blue) is how much the stock actually moved over the prior 30 days. When lavender runs above blue, options were priced for more movement than the stock delivered, which is the gap premium sellers earn. For SPY the implied line is the VIX (S&P 500 30-day implied volatility), with two full years of history.

SPY volatility, % per year

IV Term Structure

At-the-money IV for each upcoming expiry. Normally it slopes up (more time, more uncertainty). An inverted curve, with near-term IV above longer-term, means the market expects an event soon (earnings, a ruling). Sellers can collect that inflated near-term premium, but it's inflated for a reason.

The Greeks

The Greeks measure how an option's price reacts to the things that move it: the stock price, time, and volatility. Knowing them is how you pick strikes and expiries on purpose instead of by feel.

How to use the calculator

It works out what an option should be worth, and how that value will change, for any option you describe in the five boxes. Everything updates as you type.

  1. Stock price: the stock's price today (or a price you want to test, like "what if it drops to $90?").
  2. Strike: the strike of the option you're looking at in your broker's option chain.
  3. Days to expiry: calendar days until that option expires.
  4. Implied volatility: the option's IV, shown next to it in your broker's chain. Not sure? Look the ticker up on the Implied Volatility & History tab and use its 30-day IV, press the button below to fill in SPY's numbers, or click any row of the option chain under the summary.
  5. Interest rate: leave it around 4%. It barely changes the result.

Then read the plain-English summary under the boxes, or the table for the exact numbers. All prices are per share: one contract covers 100 shares, so multiply by 100 for the dollar amount. Good experiments: raise the stock price to watch delta climb, cut the days to see time decay speed up, raise IV to see premiums grow.

SPY option chain

The market's real prices for SPY, 16 strikes above and below today's price. Click any row to load that strike, its IV and the days to expiry into the calculator above, then compare the calculator's price with the bid/ask here: they should land close together, and the Greeks tell you how each option will move. Shaded cells are in the money. IV and Δ (delta) are worked out from each option's mid price (or its last trade when the market is closed and there's no live bid/ask), using the same model as the calculator. Search another ticker at the top of the page.

CallsPuts
OIVolumeIVΔLastBidAskStrikeBidAskLastΔIVVolumeOI
PriceDeltaGammaTheta / dayVega / 1% IVRho / 1% rate
Call
Put
Delta & gamma across stock prices

The blue line is the call's delta at every stock price; the dot is where your stock price sits. Far below the strike delta is near 0 (the option barely reacts), far above it's near 1 (it moves like the stock). Gamma, the lavender hump, peaks at the strike: that's where delta changes fastest.

Time decay: at-the-money option value vs days left

What an at-the-money call on your stock is worth as expiry approaches, at your IV. The curve bends down in the shaded last 45 days: time decay speeds up, which is why sellers like 30-45 days out and buyers avoid it.

Δ Delta

What: how much the option moves for a $1 move in the stock. A 0.50-delta call gains about $0.50 when the stock rises $1. Calls run 0 to 1, puts 0 to −1.

How it's used: as a rough probability the option finishes in the money: a 0.16-delta put has roughly a 16% chance. Sellers often sell 0.15-0.30 delta strikes; buyers wanting stock-like exposure use 0.70+. Delta is also your share-equivalent exposure: 5 calls at 0.40 delta ≈ 200 shares.

Γ Gamma

What: how fast delta changes as the stock moves. Highest for at-the-money options, and it spikes in the last days before expiry.

How it's used: it's the acceleration. Long options have positive gamma (moves work increasingly in your favour); short options have negative gamma (a move against you snowballs). That's why sellers close or roll positions with ~7-21 days left instead of holding into expiry week.

Θ Theta

What: how much value the option loses each day just from time passing, all else equal. Shown as dollars per share per day.

How it's used: theta is the option seller's income and the buyer's cost. Decay accelerates in the final 30-45 days (see the chart), which is why sellers typically open trades 30-45 days out and buyers prefer 60+ days to give the trade time.

ν Vega

What: how much the option's price changes when implied volatility moves 1 percentage point. Largest for at-the-money and longer-dated options.

How it's used: sellers are short vega: they profit when IV falls (e.g. the "IV crush" after earnings), so they sell when IV rank is high. Buyers are long vega and want IV low when they buy. The scanners above find both.

ρ Rho

What: sensitivity to interest rates, per 1 percentage point. Calls gain and puts lose when rates rise.

How it's used: minor for short-term trades; it matters for long-dated options (LEAPS) and when rates move sharply.

Putting it together as a premium seller

Sell when IV rank is high (you're short vega, so you want IV to fall), about 30-45 days out (theta decay is fastest, gamma still manageable), at 0.15-0.30 delta (roughly 70-85% chance of expiring worthless), with the strikes outside the expected move. Take profits around 50% of the maximum and close or roll by ~21 days left to avoid the gamma spike. Keep total short delta in check across positions.

Option Analyzer

See what happens to an option's value, and your profit or loss, when the stock moves, implied volatility (IV) changes, and time passes. Describe the option in the top row, then drag the three sliders. Everything is per contract (100 shares).

Option
Position

Leave "price paid" empty to use today's fair value. Enter what you actually paid (or received, if you sold) to see your real profit or loss.

Profit / Loss Grid

Profit or loss for your whole position at every combination of stock move (down the side) and IV change (across the top), after the days passed on the slider. Green = profit, red = loss; the outlined cell is your current slider setting. Click any cell to jump to it.

Why the stock can go your way and you still lose

Set the IV change to −10 with a small favourable stock move: after earnings, IV often collapses ("IV crush"), and the drop in vega value can outweigh the gain from the move. That's why buyers prefer low IV and sellers like high IV.

Time works against buyers

Slide "days passed" toward expiry with no stock move: a bought option loses value every day (theta), faster at the end. For a seller the same slide is profit.

Reading the breakdown

The profit or loss is split into what came from the stock move (delta and gamma), the IV change (vega) and time (theta), so you can see which one drove the result.

Strategies

The most-used option strategies, grouped by what they're for. Each is drawn as a profit/loss diagram on an example $100 stock: green is where you make money, red where you lose, dotted lines mark the breakevens. Per-share values; one contract = 100 shares. Jump to a group below, or filter by the market you expect or the IV environment.

* Rule-based heuristic from the metrics above. This is educational information, not financial advice.