IV30 and volatility metrics

IV30 is at-the-money implied volatility interpolated to a constant 30-calendar-day horizon, so stocks with different expiration calendars can be compared on one scale.

Interpolation

For each expiration we compute ATM IV (mean of the ATM call and put IVs from Cboe's delayed feed). We then interpolate total variance — σ²·t, the standard approach — linearly between the two expirations bracketing 30 days, and convert back:

IV30 = √( var₃₀ ÷ (30∕365) )

Expirations under 5 days are excluded from the interpolation (0-DTE noise). If no expiration lies beyond 30 days, the nearest available is scaled flat and the figure still carries the same label — coverage of long-dated chains varies by symbol.

Realized volatility (HV20, HV60)

Annualized standard deviation of daily log returns over the last 20 or 60 trading days, from our own stored closing prices: σ = stdev(returns) × √252. Implied-versus-realized spreads on the site are IV30 − HV20, in volatility points.

Percentiles

Universe percentile compares a stock's IV30 with every covered security today (cross-sectional). Own-history percentile compares today's IV30 with that stock's own daily record; it is shown only once at least 60 daily observations exist — this site records IV history from August 2026 onward and does not backfill vendor history.

25-delta skew

Per expiration: IV interpolated at the 25-delta put minus IV at the 25-delta call, in IV points. Positive values mean downside strikes are priced at higher volatility than upside strikes.