FICO Volatility Surface

SVI-calibrated implied volatility surface for FICO. Interactive heatmap of IV across strikes and expirations. Data from the public FlashAlpha Lab API.

Delayed

ATM IV

56.6%

Spot Price

$727.84

FICO implied volatility by strike and horizon

As of Nov 11, 4:00 PM ET

Strike as a percent of spot, interpolated between 18 listed expiries. A dash means no quoted option covers that point.

Horizon	80%	90%	95%	100%	105%	110%	120%
7 days	90.7%	78.5%	67.9%	59.4%	55.9%	71.3%	83.7%
30 days	68.7%	60.3%	59.0%	54.5%	50.1%	50.5%	51.8%
60 days	63.1%	58.5%	58.8%	53.4%	51.3%	50.5%	51.5%
90 days	63.1%	59.5%	59.7%	54.4%	53.1%	52.3%	52.8%
180 days	63.0%	61.2%	60.8%	57.1%	56.0%	55.8%	55.3%
1 year	62.7%	61.9%	61.9%	59.0%	57.9%	57.7%	57.2%

Across these 42 points, FICO implied volatility runs from 50.1% (30 days, 105% strike) to 90.7% (7 days, 80% strike), built from 18 listed expiries.

IV Heatmap

Strike	Mar 14	Mar 21	Mar 28	Apr 17	May 16
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What is a Volatility Surface?

A volatility surface maps implied volatility as a function of both strike price and time to expiration. It captures the full landscape of how the market prices risk across different scenarios and time horizons.

SVI Calibration: FlashAlpha uses Stochastic Volatility Inspired (SVI) parameterization to fit a smooth, arbitrage-free surface to raw market quotes. This eliminates noise while preserving the true shape of the smile.

Reading the Heatmap

Cool colors (blue): Low IV - options are relatively cheap. Potential for long vol positions.
Warm colors (red/orange): High IV - options are expensive. Consider selling premium or look for relative value.
Spot row: Highlighted row shows IV at the current stock price. Compare across expirations to see term structure.
Wings: IV rising sharply at far OTM strikes indicates tail risk pricing or squeeze potential.