APP Volatility Skew
Implied volatility smile and term structure for APP options. Explore how IV changes across strikes and expirations.
APP skew by horizon
As of Nov 11, 9:41 AM ETImplied volatility by strike as a percent of spot, interpolated between 19 listed expiries. Skew is the 90% strike minus the 110% strike, in volatility points. A dash means no quoted option covers that point.
| Horizon | 90% strike | 95% | At the money | 105% | 110% strike | Skew |
|---|---|---|---|---|---|---|
| 7 days | 75.0% | 71.8% | 70.9% | 71.9% | 72.8% | +2.2 |
| 30 days | 63.6% | 60.9% | 60.5% | 59.9% | 58.8% | +4.8 |
| 90 days | 65.4% | 65.0% | 63.8% | 62.0% | 61.2% | +4.2 |
At 30 days, the 90% strike trades at 63.6% implied volatility and the 110% strike at 58.8%: puts are priced 4.8 volatility points above calls. That put-over-call gap is wider than 52% of the 1,449 tickers we cover. Skew is flatter at 7 days (2.2) than at 90 days (4.2).
Volatility Smile
Implied volatility across strikes for the nearest expiration. Data from the public vol surface endpoint.
No surface data available for APP.
Volatility Skew Data
Create a free account to view the IV smile, term structure, and skew analysis for APP.
Sign up free - 30 secondsIV Term Structure
ATM implied volatility across expirations. Contango (rising) is normal; backwardation (inverted) signals a near-term event.
No term structure data available.
IV Term Structure
Create a free account to view the ATM IV term structure for APP.
Sign up free - 30 secondsUnderstanding Options Skew
Options skew measures the difference in implied volatility between out-of-the-money puts and equidistant calls. The 25-delta skew compares the IV of a 25-delta put to a 25-delta call.
Steep skew: The market is pricing in higher demand for downside protection. This is typical of equity indices and individual stocks with tail risk.
Flat or inverted skew: Can indicate squeeze positioning, bullish sentiment, or heavy call buying driving up upside IV.
Term Structure Regimes
- Contango (normal): Longer-dated options have higher IV than shorter-dated. Reflects time-value premium and normal uncertainty growth.
- Backwardation (inverted): Near-term IV exceeds far-term. Signals an imminent catalyst: earnings, FOMC, FDA decision, or other binary event.
- Flat: Uniform IV across the curve. Can indicate low conviction or a transition between regimes.
You've hit your daily request limit
Your quota resets at midnight UTC. Upgrade for uninterrupted access to live analytics.
What you unlock with an upgrade
Plans start at $63/mo (billed yearly) · No contract · Cancel anytime