SYK Implied Volatility

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

ATM IV
28.9%
Realized Vol 20d
41.4%

Volatility Smile

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

IV Term Structure

How SYK'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 SYK is expected to move, expressed as an annualized percentage and backed out of the price traders are actually paying for SYK 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 SYK?

IV percentile is the share of the past year's daily IV readings that sit below today's IV. A percentile above 80 means SYK'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 SYK 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 - SYK Implied Volatility

What is SYK's implied volatility right now?

SYK's current ATM implied volatility is 28.9%, shown live above. Full IV history, percentile, and term structure are available programmatically via GET /v1/volatility/syk, a Growth-tier endpoint.

What is a high IV for SYK?

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.