ETH volatility smile
Implied volatility of ETH options across deltas or strikes, one line per expiry.
Axis
- Source
- Deribit · SignalPlus volatility model
- Data time
- Updates
- Every 10 min
- ATM IV
- 43.46% 30OCT26
- 25-delta put IV
- 44.82% 30OCT26
- 25-delta call IV
- 44.77% 30OCT26
ETH implied volatility by delta
| Delta | 30OCT26 IV |
|---|---|
| 5D Put | 54.67% |
| 10D Put | 49.43% |
| 15D Put | 47.09% |
| 20D Put | 45.69% |
| 25D Put | 44.82% |
| 30D Put | 44.25% |
| 35D Put | 43.87% |
| 40D Put | 43.61% |
| 45D Put | 43.48% |
| ATM | 43.46% |
| 45D Call | 43.51% |
| 40D Call | 43.65% |
| 35D Call | 43.89% |
| 30D Call | 44.26% |
| 25D Call | 44.77% |
| 20D Call | 45.51% |
| 15D Call | 46.69% |
| 10D Call | 48.62% |
| 5D Call | 52.84% |
How to read it
Each line is one expiry. If the put side sits higher than the call side, the market pays more for downside protection; a symmetric smile means both tails are priced alike. Switch to strikes to read the same curve in price terms.
Definitions
- Smile
- Implied volatility across strikes or deltas for one expiry. Its shape shows how the market prices large moves.
- Skew
- The difference between put-side and call-side implied volatility at the same distance from the money.
- Strike
- The price at which the option can be exercised.
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