RXO Implied Volatility

ATM implied volatility, IV percentile, and the volatility risk premium for RXO options. See whether RXO's IV is rich or cheap versus its own trailing year and versus realized moves.

Realized Vol 20d
24.8%

Volatility Smile

How RXO's IV is distributed across strikes for the nearest expiration. Data from the public vol surface endpoint.

IV Term Structure

How RXO's IV is distributed across expirations. Contango (rising) is normal; backwardation (inverted) signals a near-term event.

What implied volatility tells you

Implied volatility (IV) is the market's forecast of how much RXO is expected to move, expressed as an annualized percentage and backed out of the price traders are actually paying for RXO options.

Higher IV means options are pricing in bigger expected swings and cost more; lower IV means the market expects calmer conditions and options are cheaper.

High or low for RXO?

IV percentile is the share of the past year's daily IV readings that sit below today's IV. A percentile above 80 means RXO's current IV is richer than at least 80% of the last year, i.e. statistically high. Below 20 means it's statistically cheap.

This is different from IV rank, which places today's IV between the past year's high and low instead of counting where it falls in the full distribution; a single outlier spike can distort rank without moving percentile.

IV vs realized: the premium

The volatility risk premium (VRP) is implied volatility minus realized volatility. A positive VRP means RXO options have been priced above the moves that actually happened, the edge options sellers try to harvest. See VRP for the full breakdown.

Frequently Asked Questions - RXO Implied Volatility

What is RXO's implied volatility right now?

Full IV history, percentile, and term structure are available programmatically via GET /v1/volatility/rxo, a Growth-tier endpoint.

What is a high IV for RXO?

IV percentile is the share of the past year's daily IV readings that sit below today's IV. A percentile above 80 means IV is richer than at least 80% of the last year, i.e. statistically high; below 20 means it's statistically cheap. This is different from IV rank, which places today's IV between the past year's high and low instead of counting where it falls in the full distribution.