XLK Implied Volatility
XLK $186.32 · Updated Oct 26, 4:00 PM ET
XLK at-the-money implied volatility is 34.6% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 28.4%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 30, 2026 | 4 | 186 | 34.6% |
| Nov 6, 2026 | 11 | 186 | 31.7% |
| Nov 13, 2026 | 18 | 186 | 30.1% |
| Nov 20, 2026 | 25 | 186 | 29.1% |
| Nov 27, 2026 | 32 | 186 | 28.4% |
| Dec 4, 2026 | 39 | 186 | 28.8% |
| Dec 18, 2026 | 53 | 187.5 | 27.4% |
| Jan 15, 2027 | 81 | 187.5 | 27.5% |
| Mar 19, 2027 | 144 | 186 | 28.8% |
| Apr 16, 2027 | 172 | 185 | 29.0% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 179 | 39.2% | 40.3% |
| 180 | 40.4% | 36.6% |
| 181 | 38.1% | 35.0% |
| 182 | 38.3% | 35.5% |
| 182.5 | 41.3% | 36.4% |
| 183 | 37.1% | 36.0% |
| 184 | 37.3% | 33.2% |
| 185 | 35.4% | 34.7% |
| 186 | 35.1% | 34.1% |
| 187 | 34.8% | 30.9% |
| 187.5 | 36.5% | 32.4% |
| 188 | 32.5% | 31.4% |
| 189 | 32.4% | 31.8% |
| 190 | 31.5% | 32.1% |
| 191 | 31.1% | 28.6% |
| 192 | 30.0% | 27.9% |
| 192.5 | 31.0% | 26.5% |
How this is calculated: Implied Volatility methodology