Implied volatility
An annualized volatility estimate derived from option prices. Higher IV means the market is pricing a wider distribution of outcomes; it is not a directional forecast.
NYSE Arca · leveraged ETF · structured options research
SOXL Options: IV Rank, Expected Move & Put/Call Ratio
As of Jul 15, 2026, 7:23 PM UTC: SOXL $165.55 · 30-day implied volatility 194.31% · IV percentile 90.04% · Expected move ±39.1% · Reference expiry 2026-07-31
Source: HPSILab iv_batch API
- Underlying price
- $165.55
- IV percentile
- 90.04%
- Expected move
- ±39.1% · $64.74
- Put/call ratio
- 1.9
SOXL options market snapshot
Values appear only after a verified API snapshot is supplied; stale or invented market figures are never substituted.
- ATM implied volatility
- 194.31%
- 30-day implied volatility
- 194.31%
- 30-day historical volatility
- 231.54%
- IV minus HV spread
- -37.23 pts
- IV rank
- 69.5%
- Skew regime
- BEARISH_SKEW
- 25-delta risk reversal
- -15.37 pts
- Squeeze score
- 97
- Term structure
- backwardation
- Reference expiry
- 2026-07-31
Volatility interpretation: Cheap vol — favor long gamma (straddles or debit spreads)
What researchers should watch for SOXL
Treat option metrics in the context of daily leverage, path dependence and amplified semiconductor volatility.
- leverage decayCompare this signal across expirations and against NVDA / AMD before treating it as durable positioning.
- very short-dated IVCompare this signal across expirations and against NVDA / AMD before treating it as durable positioning.
- semiconductor basket correlationCompare this signal across expirations and against NVDA / AMD before treating it as durable positioning.
Leveraged ETF note: SOXL targets 3x daily performance, not three times a long-period return. Compounding and path dependence can materially change outcomes.
Definitions and methodology
IV versus HV
IV reflects option-implied future variability, while HV measures realized historical movement. Their spread indicates the premium priced over recent experience.
Risk reversal
The 25-delta risk reversal compares call and put implied volatility. It summarizes skew but cannot identify whether contracts were bought, sold, opened or closed.
Term structure
Near- and far-month volatility indicate how event risk is distributed across expirations. Calendar comparisons should use consistent strikes and methods.
Compare related options research
Frequently asked questions
What does SOXL implied volatility measure?
It reflects the options market's annualized expectation of future price variability. It measures magnitude, not bullish or bearish direction.
Is the expected move a price target?
No. It is an implied range estimate for a defined horizon, not a forecast or guarantee.
Can this page be used as investment advice?
No. This research is educational and informational. Options can expire worthless and some strategies can lose more than the premium.
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