XLF volatility State Street Financial Select Sector SPDR ETF
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.16.8%
HV20How much the stock actually moved, measured from daily closing prices over a past window (annualized). Compare with implied volatility to see what the options market priced versus what happened.13.0%
HV6012.6%
IV − HV20 spread
+3.8pt
Universe percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history).
4
Own-history percentileWhere today's IV30 sits versus its own daily history — 80 means higher than roughly 80% of recorded observations for that period.
28/60 days recorded
Cboe delayed options data · as of 14:06 UTC · How these are computed
IV term structure
At-the-money implied volatility for each listed expiration, plotted by days remaining.
| Expires | DTE | ATM IV | 25Δ skewThe IV gap between 25-delta puts and 25-delta calls for one expiration. Positive skew means downside protection is priced richer than upside exposure. | Implied move |
|---|---|---|---|---|
| Oct 19, 2026 | 0 | 22.2% | +1.3pt | ±0.6% |
| Oct 21, 2026 | 2 | 19.3% | -4.1pt | ±1.2% |
| Oct 23, 2026 | 4 | 17.1% | +2.1pt | ±1.5% |
| Oct 26, 2026 | 7 | 15.8% | -0.6pt | ±1.8% |
| Oct 28, 2026 | 9 | 20.0% | +8.9pt | ±2.6% |
| Oct 30, 2026 | 11 | 19.8% | +3.2pt | ±2.8% |
| Nov 02, 2026 | 14 | 32.6% | +3.2pt | ±5.2% |
| Nov 06, 2026 | 18 | 16.6% | +2.5pt | ±3.0% |
| Nov 13, 2026 | 25 | 16.3% | +8.9pt | ±3.5% |
| Nov 20, 2026 | 32 | 16.9% | +3.3pt | ±4.1% |
| Nov 27, 2026 | 39 | 16.9% | +2.6pt | ±4.5% |
| Dec 18, 2026 | 60 | 17.1% | +3.3pt | ±5.7% |
| Dec 31, 2026 | 73 | 16.7% | +2.4pt | ±6.1% |
| Jan 15, 2027 | 88 | 16.8% | +3.1pt | ±6.7% |
| Mar 19, 2027 | 151 | 17.7% | +3.1pt | ±9.3% |
| Mar 31, 2027 | 163 | 17.8% | +3.7pt | ±9.6% |
Volatility smile — Nov 20, 2026
Implied volatility by strike. The tilt toward puts (left side higher) is the skew: downside protection priced richer than upside.
callsputs
Implied vs realized, daily record
IV30HV20