S&P 500 options
S&P 500 trades at 7,376.9; 30-day implied volatility is 19.4%, and the market prices a ±2.97% expected move into the 2026-11-13 expiry, 6 days out.
Cheap or dear right now
- Fairly priced: IV30 is within 1 point of 20-day realised volatility, so options are priced close to recent movement.
- Over the next 6 days (expiring 2026-11-13) the market prices a one-standard-deviation move of ±2.97%, about 219.0 points.
- Skew 4.5: puts are pricier than calls, so the market is paying up for downside protection.
- Put/call volume ratio 2.08: put volume clearly outnumbers calls.
Pricing across strikes
2026-11-13 expiry (6 days), spot 7,376.9. The further apart the two lines, the bigger the skew.
Implied volatility by expiry
Near-dated IV above far-dated (inverted) points to short-term event risk; the reverse suggests calm now and more movement later.
Where the open interest sits
Bar height is open interest; max pain is the strike that minimises the total value of expiring options.
2026-11-13 expiry, five strikes either side of the money
IV is the implied volatility at that strike; OI is open interest.
| Call OI | Call IV | Strike | Put IV | Put OI |
|---|---|---|---|---|
| 2,229 | 23.7% | 7,350 | 23.7% | 3,239 |
| 10 | 23.6% | 7,355 | 23.6% | 332 |
| 6 | 23.4% | 7,360 | 23.5% | 409 |
| 21 | 23.4% | 7,365 | 23.4% | 468 |
| 277 | 23.2% | 7,370 | 23.3% | 443 |
| 135 | 23.1% | 7,375 ATM | 23.2% | 1,175 |
| 59 | 23.0% | 7,380 | 23.1% | 847 |
| 137 | 22.9% | 7,385 | 22.9% | 170 |
| 27 | 22.8% | 7,390 | 22.8% | 1,148 |
| 17 | 22.7% | 7,395 | 22.8% | 123 |
| 1,634 | 22.6% | 7,400 | 22.6% | 4,709 |
FAQ
Is the expected move a guarantee?
No. It is a one-standard-deviation move implied by at-the-money option prices — the market's current price for movement, not a forecast or a guarantee.
Why is IV rank empty?
IV rank needs a year of IV30 history. Our database records IV30 once a day and shows a value after 20 trading days; until then the page shows collection progress.
What does a positive skew mean?
25-delta puts carry a higher implied volatility than calls at the same expiry, so the market is paying more for downside protection — typical when hedging demand rises.
Can I trade straight off this page?
No. This is volatility and pricing information, not a buy or sell signal.
Data from CBOE delayed quotes (about 15 minutes behind), for information only and not investment advice. Options carry high risk and can lose the entire premium.