هذه الأداة للتحليل والتعليم فقط. لا تُقدّم توصيات دخول أو خروج من الصفقات.This tool is for analytics and education only. No trade entry or exit recommendations.
SPX implied volatility term structure
The SPX term structure shows at-the-money implied volatility for each listed expiry. An upward-sloping curve (contango) is the calm default; a front-loaded curve (backwardation) says the market is pricing near-term stress. The table pairs each expiry's IV with its implied move.
- SPX reference
- 7,755.6
- Data date
- —
No live reading right now. The figures return automatically once market data resumes — no estimated values are shown here.
Definitions
- ATM IV
- Average implied volatility of the at-the-money call and put for that expiry.
- Contango
- Longer expiries priced at higher IV than near ones — the usual calm-market shape.
- Backwardation
- Near expiries priced above longer ones, typical when an event or stress is imminent.
Frequently asked
How does SPX IV relate to VIX?
VIX is a 30-day constant-maturity summary of SPX option pricing. The term structure here is the underlying curve VIX is calculated from, expiry by expiry.
What does an inverted SPX IV curve signal?
Near-dated options priced above longer ones usually means an imminent event or an active stress bid; it commonly normalises once the event passes.
Why is 0DTE IV so volatile?
With hours left, small changes in option prices translate into large IV swings, so same-day readings move far more than weekly or monthly ones.
Next step
Open the live deskDesk plans and pricing · Viewer, Trader and Trader Pro in Saudi riyal, each with a free trial before the first charge.
Related content
Selected automatically by how closely each page overlaps this one.
- GuideHow 0DTE SPX options work0DTE SPX options expire the same session. Their price is almost entirely time value that decays within hours, so gamma is extreme and small index…
- Live metricSPX expected move by expiryThe SPX expected move is the range the options market is pricing into an expiry, taken from at-the-money implied volatility. The table lists each…
- DefinitionImplied volatility and IV crushPriced-in movement, and its collapse after an event.
- Definition0DTE optionsOptions expiring the same trading day.
- AlertsSPX options alertsHow the desk watches gamma walls, flow pressure and expiry proximity, and when it raises an alert.
- DefinitionBreakeven and payoffWhere a position starts making money at expiry.
More SPX metrics
Analytics and education only · Not investment advice.