SPY Implied Volatility
SPY $756.26 · Updated Nov 10, 4:00 PM ET
SPY at-the-money implied volatility is 13.9% for Nov 11, 2026 (1 day out). For Dec 11, 2026 it is 14.9%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Nov 11, 2026 | 1 | 756 | 13.9% |
| Nov 12, 2026 | 2 | 756 | 15.3% |
| Nov 13, 2026 | 3 | 756 | 15.5% |
| Nov 16, 2026 | 6 | 756 | 13.2% |
| Nov 17, 2026 | 7 | 756 | 14.1% |
| Nov 18, 2026 | 8 | 756 | 14.6% |
| Nov 19, 2026 | 9 | 756 | 14.9% |
| Nov 20, 2026 | 10 | 756 | 15.1% |
| Nov 23, 2026 | 13 | 756 | 14.2% |
| Nov 24, 2026 | 14 | 756 | n/a |
| Nov 25, 2026 | 15 | 755 | n/a |
| Nov 27, 2026 | 17 | 756 | 14.1% |
SKEW, NOV 11, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 748 | 16.6% | 16.6% |
| 749 | 16.2% | 16.2% |
| 750 | 15.8% | 15.8% |
| 751 | 15.4% | 15.5% |
| 752 | 15.1% | 15.1% |
| 753 | 14.7% | 14.7% |
| 754 | 14.4% | 14.4% |
| 755 | 14.1% | 14.1% |
| 756 | 13.9% | 13.9% |
| 757 | 13.6% | 13.8% |
| 758 | 13.6% | 13.5% |
| 759 | 13.5% | 13.4% |
| 760 | 13.8% | 0.0% |
| 761 | 13.9% | 0.0% |
| 762 | 14.2% | 0.0% |
| 763 | 14.7% | 0.0% |
| 764 | 14.9% | 0.0% |
How this is calculated: Implied Volatility methodology