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BE options analytics

BE · Stock

Data as of 25 September 2026 (end of day)

Some metrics unavailable for this session

BE options are pricing a 30-day at-the-money volatility of 80.3%, a move of about ±23.0% over the next month. Its history here is 10 sessions, short of the 180 a percentile needs, so this reading is not yet ranked against its own past.

Its 25-delta calls carry 1.53 volatility points more than the puts.

Its next earnings report is 2026-10-27 (estimated from its reporting cadence).

Current readings

30-day ATM implied volatilityⓘ
80.35%

Prices a move of about ±23.0% over 30 days, or ±5.1% on a typical day.

25-delta risk reversalⓘ
-1.53

Calls carry 1.53 volatility points more than puts the same distance from the money.

25-delta butterflyⓘ
-0.10

The wings carry 0.10 volatility points less than at-the-money.

Term structure slopeⓘ
1.040

90-day volatility is 4% above 30-day.

Where 30-day implied volatility sits

Against 8 prior sessions (one-year window)

Not enough history in this window to place the current reading.

IV percentile, 1 year
—
IV rank, 1 year
—
IV percentile, 2 years
—
IV rank, 2 years
—

Rank is the position between the lowest and highest readings in the window, so a single past extreme pins everything after it near one end. Percentile is the share of sessions below the current reading and is unaffected by how far that extreme reached. Both are withheld when the window holds fewer than 180 sessions.

Session detail

Underlying close
$288.70
30-day implied forward
$292.35
60-day ATM IV
86.30%
90-day ATM IV
83.58%
180-day ATM IV
—
Expirations used
10
Total open interest
646,606
Put / call open interest
0.75

The forward is derived from put-call parity on the strikes nearest the money, not taken from the underlying close. It is what every moneyness and delta on this page is measured against.

30-day at-the-money implied volatility

Last 10 sessions

72%74%76%78%80%82%2024-09-26 — 30-day ATM IV 73%2026-09-16 — 30-day ATM IV 81%2026-09-17 — 30-day ATM IV 78%2026-09-18 — 30-day ATM IV 76%2026-09-21 — 30-day ATM IV 78%2026-09-22 — 30-day ATM IV 76%2026-09-23 — 30-day ATM IV 76%2026-09-24 — 30-day ATM IV 77%2026-09-25 — 30-day ATM IV 80%26 Sep17 Sep21 Sep23 Sep25 Sep
Show the underlying numbers (most recent 10)
Session30-day ATM IV25-delta RRTerm slopeClose
2026-09-2580.35%-1.531.040$288.70
2026-09-2476.87%-1.851.065$266.65
2026-09-2375.54%-2.001.089$275.19
2026-09-2276.37%-3.081.110$276.53
2026-09-2178.21%-2.161.090$272.89
2026-09-1876.34%-3.071.114$265.63
2026-09-1777.73%-1.121.104$280.76
2026-09-1681.14%-0.941.072$270.02
2024-09-27———$10.70
2024-09-2673.02%+4.131.029$10.41

The chart covers every session in the archive, 10 in total. The table lists the most recent 10.

25-delta risk reversal

Last 10 sessions

-4.0-2.00.02.04.06.02024-09-26 — 25-delta RR (volatility points) 4.12026-09-16 — 25-delta RR (volatility points) -0.92026-09-17 — 25-delta RR (volatility points) -1.12026-09-18 — 25-delta RR (volatility points) -3.12026-09-21 — 25-delta RR (volatility points) -2.22026-09-22 — 25-delta RR (volatility points) -3.12026-09-23 — 25-delta RR (volatility points) -2.02026-09-24 — 25-delta RR (volatility points) -1.82026-09-25 — 25-delta RR (volatility points) -1.526 Sep17 Sep21 Sep23 Sep25 Sep

The dashed line marks zero, where the 25-delta put and call carry the same implied volatility.

Skew curve

Implied volatility by delta, front expirations

Implied volatility by delta

7d (2026-10-02) · 14d (2026-10-09) · 21d (2026-10-16)

74%76%78%80%82%84%86%2026-10-02 (7d) — 5Δ C — IV 82.53%2026-10-02 (7d) — 10Δ C — IV 80.41%2026-10-02 (7d) — 15Δ C — IV 79.17%2026-10-02 (7d) — 20Δ C — IV 78.34%2026-10-02 (7d) — 25Δ C — IV 77.78%2026-10-02 (7d) — 30Δ C — IV 77.37%2026-10-02 (7d) — 35Δ C — IV 77.07%2026-10-02 (7d) — 40Δ C — IV 76.86%2026-10-02 (7d) — 45Δ C — IV 76.55%2026-10-02 (7d) — ATM — IV 76.11%2026-10-02 (7d) — 45Δ P — IV 76.43%2026-10-02 (7d) — 40Δ P — IV 76.20%2026-10-02 (7d) — 35Δ P — IV 76.39%2026-10-02 (7d) — 30Δ P — IV 76.43%2026-10-02 (7d) — 25Δ P — IV 76.63%2026-10-02 (7d) — 20Δ P — IV 77.10%2026-10-02 (7d) — 15Δ P — IV 77.90%2026-10-02 (7d) — 10Δ P — IV 79.14%2026-10-02 (7d) — 5Δ P — IV 81.48%7d2026-10-09 (14d) — 5Δ C — IV 82.20%2026-10-09 (14d) — 10Δ C — IV 80.95%2026-10-09 (14d) — 15Δ C — IV 79.99%2026-10-09 (14d) — 20Δ C — IV 78.41%2026-10-09 (14d) — 25Δ C — IV 77.68%2026-10-09 (14d) — 30Δ C — IV 77.12%2026-10-09 (14d) — 35Δ C — IV 76.92%2026-10-09 (14d) — 40Δ C — IV 76.36%2026-10-09 (14d) — 45Δ C — IV 76.67%2026-10-09 (14d) — ATM — IV 76.48%2026-10-09 (14d) — 45Δ P — IV 77.23%2026-10-09 (14d) — 40Δ P — IV 76.80%2026-10-09 (14d) — 35Δ P — IV 76.97%2026-10-09 (14d) — 30Δ P — IV 76.32%2026-10-09 (14d) — 25Δ P — IV 76.35%2026-10-09 (14d) — 20Δ P — IV 77.33%2026-10-09 (14d) — 15Δ P — IV 77.86%2026-10-09 (14d) — 10Δ P — IV 77.57%2026-10-09 (14d) — 5Δ P — IV 80.49%14d2026-10-16 (21d) — 5Δ C — IV 82.02%2026-10-16 (21d) — 10Δ C — IV 80.74%2026-10-16 (21d) — 15Δ C — IV 79.51%2026-10-16 (21d) — 20Δ C — IV 78.74%2026-10-16 (21d) — 25Δ C — IV 77.88%2026-10-16 (21d) — 30Δ C — IV 77.27%2026-10-16 (21d) — 35Δ C — IV 76.96%2026-10-16 (21d) — 40Δ C — IV 76.68%2026-10-16 (21d) — 45Δ C — IV 76.47%2026-10-16 (21d) — ATM — IV 76.10%2026-10-16 (21d) — 45Δ P — IV 76.21%2026-10-16 (21d) — 40Δ P — IV 76.17%2026-10-16 (21d) — 35Δ P — IV 76.10%2026-10-16 (21d) — 30Δ P — IV 76.41%2026-10-16 (21d) — 25Δ P — IV 76.78%2026-10-16 (21d) — 20Δ P — IV 77.40%2026-10-16 (21d) — 15Δ P — IV 78.24%2026-10-16 (21d) — 10Δ P — IV 79.72%2026-10-16 (21d) — 5Δ P — IV 83.47%21d10Δ C25Δ CATM25Δ P10Δ Pout-of-the-money calls ← delta → out-of-the-money puts

The axis is call delta. Readings to the right of the dashed centre line are taken from the out-of-the-money put at that strike, which is the contract whose quote the volatility was solved from. Points are only plotted where surviving quotes bracket the delta on both sides; nothing is extrapolated past the last traded strike.

Show the underlying numbers
Delta7d14d21d
5Δ call82.53%82.20%82.02%
10Δ call80.41%80.95%80.74%
15Δ call79.17%79.99%79.51%
20Δ call78.34%78.41%78.74%
25Δ call77.78%77.68%77.88%
30Δ call77.37%77.12%77.27%
35Δ call77.07%76.92%76.96%
40Δ call76.86%76.36%76.68%
45Δ call76.55%76.67%76.47%
ATM76.11%76.48%76.10%
45Δ put76.43%77.23%76.21%
40Δ put76.20%76.80%76.17%
35Δ put76.39%76.97%76.10%
30Δ put76.43%76.32%76.41%
25Δ put76.63%76.35%76.78%
20Δ put77.10%77.33%77.40%
15Δ put77.90%77.86%78.24%
10Δ put79.14%77.57%79.72%
5Δ put81.48%80.49%83.47%

Wing readings by expiration

ExpirationDaysForwardATM IV25Δ put25Δ callRRButterflyQuotes
2026-10-027$292.2776.11%76.63%77.78%-1.15+1.1072
2026-10-0914$292.5576.48%76.35%77.68%-1.33+0.5356
2026-10-1621$292.7076.10%76.78%77.88%-1.10+1.2458
2026-10-2328$292.2977.77%76.88%78.33%-1.45-0.1647
2026-10-3035$292.5185.28%84.44%86.13%-1.69+0.0049
2026-11-0642$292.9487.65%87.88%89.89%-2.01+1.2341
2026-11-2056$293.9286.78%86.29%88.24%-1.96+0.4847
2026-12-1884$294.7784.33%83.41%84.84%-1.43-0.2148
2027-01-15112$295.5781.48%81.29%82.71%-1.42+0.5252
2027-02-19147$296.9082.39%82.39%83.85%-1.46+0.7354

Each curve above is one expiration. The vertical position is implied volatility; the horizontal position is the delta of the contract it was read from. For US equities the curve normally slopes upward to the right, meaning out-of-the-money puts carry higher implied volatility than equidistant calls.

The 25-delta risk reversal summarises that slope as a single number: the 25-delta put volatility minus the 25-delta call volatility. The butterfly summarises the curvature: the average of the two wings minus the at-the-money reading.

Term structure

At-the-money implied volatility by expiration

At-the-money implied volatility by expiration

10 listed expirations produced a usable reading

75%80%85%90%2026-10-02 — 7 days — at-the-money IV 76.11%2026-10-09 — 14 days — at-the-money IV 76.48%2026-10-16 — 21 days — at-the-money IV 76.10%2026-10-23 — 28 days — at-the-money IV 77.77%2026-10-30 — 35 days — at-the-money IV 85.28%2026-11-06 — 42 days — at-the-money IV 87.65%2026-11-20 — 56 days — at-the-money IV 86.78%2026-12-18 — 84 days — at-the-money IV 84.33%2027-01-15 — 112 days — at-the-money IV 81.48%2027-02-19 — 147 days — at-the-money IV 82.39%7306090days to expiration

The horizontal axis is the square root of days to expiration, which is the scale volatility lives on. A curve that is flat in variance terms plots as a straight line here rather than bending sharply through the front week.

Show the underlying numbers
ExpirationDaysForwardATM IVATM strikeQuotes used
2026-10-027 days$292.2776.11%$293.9072
2026-10-0914 days$292.5576.48%$295.8556
2026-10-1621 days$292.7076.10%$297.6258
2026-10-2328 days$292.2977.77%$299.1547
2026-10-3035 days$292.5185.28%$302.8949
2026-11-0642 days$292.9487.65%$306.1841
2026-11-2056 days$293.9286.78%$311.4147
2026-12-1884 days$294.7784.33%$319.9148
2027-01-15112 days$295.5781.48%$327.2652
2027-02-19147 days$296.9082.39%$340.3854

Constant maturities

Interpolated between the bracketing listed expirations, in total variance

30 days
80.35%
60 days
86.30%
90 days
83.58%
180 days
—

Interpolation is linear in total variance, not in volatility. Interpolating volatility directly implies a forward variance that can be negative between two expirations. A tenor beyond the longest listed expiration is reported as unavailable rather than extrapolated.

Term structure slope

Last 10 sessions

0.951.001.051.101.152024-09-26 — 90-day over 30-day 1.032026-09-16 — 90-day over 30-day 1.072026-09-17 — 90-day over 30-day 1.102026-09-18 — 90-day over 30-day 1.112026-09-21 — 90-day over 30-day 1.092026-09-22 — 90-day over 30-day 1.112026-09-23 — 90-day over 30-day 1.092026-09-24 — 90-day over 30-day 1.062026-09-25 — 90-day over 30-day 1.0426 Sep17 Sep21 Sep23 Sep25 Sep

The dashed line marks 1.00, where the 90-day and 30-day at-the-money volatilities are equal. Above it the longer tenor carries the higher volatility.

The term structure is the at-the-money implied volatility of each listed expiration, plotted against how far away that expiration is. Its usual shape for a calm underlying slopes gently upward, because a longer horizon admits more uncertainty.

It inverts when the market prices a dated event: an expiration that captures a scheduled announcement carries the variance of that event on top of ordinary trading, so a shorter contract can print a higher volatility than a longer one.

Earnings

What the options priced in before each report, and what happened

Next report

2026-10-27Time not statedEstimated from its reporting cadence

Reports

Newest first. The implied move is one standard deviation, priced from the session before the release.

ReportSessionImplied ±RealisedRealised / implied
2026-07-28After the close———
2026-04-28After the close———
2026-02-05After the close———
2025-10-28After the close———
2025-07-31After the close———
2025-04-30After the close———
2025-02-27After the close———
2024-11-07After the close———
2024-08-08After the close———
2024-05-09After the close———
2024-02-15After the close———
2023-11-08After the close———

The implied move is read from the at-the-money straddle on the first expiration strictly after the report date, converted to a one-standard-deviation move and divided by the forward. Realised moves are the close-to-close return across the event, measured from the session before the release to the session after it.

Report dates that have already happened come from the company’s own 8-K filing and are exact. A date still in the future is either one the company has announced, or an estimate from its reporting cadence.