HRI Volatility Surface

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

Delayed

ATM IV

59.0%

Spot Price

$174.35

HRI implied volatility by strike and horizon

As of Nov 10, 4:00 PM ET

Strike as a percent of spot, interpolated between 4 listed expiries. A dash means no quoted option covers that point.

Horizon	80%	90%	95%	100%	105%	110%	120%
7 days	-	-	-	-	-	-	-
30 days	77.9%	75.1%	75.4%	70.7%	44.9%	48.9%	49.5%
60 days	66.5%	69.0%	69.0%	64.7%	44.6%	45.3%	49.5%
90 days	63.8%	65.5%	65.6%	61.6%	45.2%	45.8%	48.2%
180 days	60.1%	60.2%	60.5%	57.2%	47.2%	47.2%	47.3%
1 year	-	-	-	-	-	-	-

Across these 28 points, HRI implied volatility runs from 44.6% (60 days, 105% strike) to 77.9% (30 days, 80% strike), built from 4 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.