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CELH options analytics

CELH · Stock

Data as of 25 September 2026 (end of day)

CELH options are pricing a 30-day at-the-money volatility of 45.5%, a move of about ±13.1% over the next month. Its history here is 8 sessions, short of the 180 a percentile needs, so this reading is not yet ranked against its own past.

Its 25-delta puts carry 1.54 volatility points more than the calls.

Longer-dated options carry more: 90-day volatility is 24% above 30-day.

Its next earnings report is 2026-11-06 (estimated from its reporting cadence).

Current readings

30-day ATM implied volatilityⓘ
45.53%

Prices a move of about ±13.1% over 30 days, or ±2.9% on a typical day.

25-delta risk reversalⓘ
+1.54

Puts carry 1.54 volatility points more than calls the same distance from the money.

25-delta butterflyⓘ
+1.35

The wings carry 1.35 volatility points more than at-the-money.

Term structure slopeⓘ
1.241

90-day volatility is 24% 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
$27.99
30-day implied forward
$28.17
60-day ATM IV
58.53%
90-day ATM IV
56.48%
180-day ATM IV
56.92%
Expirations used
12
Total open interest
376,187
Put / call open interest
0.51

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 8 sessions

44%46%48%50%52%54%2026-09-16 — 30-day ATM IV 53%2026-09-17 — 30-day ATM IV 50%2026-09-18 — 30-day ATM IV 49%2026-09-21 — 30-day ATM IV 50%2026-09-22 — 30-day ATM IV 51%2026-09-23 — 30-day ATM IV 51%2026-09-24 — 30-day ATM IV 49%2026-09-25 — 30-day ATM IV 46%16 Sep18 Sep22 Sep23 Sep25 Sep
Show the underlying numbers (most recent 8)
Session30-day ATM IV25-delta RRTerm slopeClose
2026-09-2545.53%+1.541.241$27.99
2026-09-2449.01%-2.631.197$28.43
2026-09-2350.60%-1.691.152$29.18
2026-09-2250.73%-0.561.166$29.39
2026-09-2150.29%+0.691.152$28.02
2026-09-1848.78%+0.821.157$28.02
2026-09-1750.11%-0.311.149$28.34
2026-09-1652.80%-1.441.098$28.25

The chart covers every session in the archive, 8 in total. The table lists the most recent 8.

25-delta risk reversal

Last 8 sessions

-3.0-2.0-1.00.01.02.02026-09-16 — 25-delta RR (volatility points) -1.42026-09-17 — 25-delta RR (volatility points) -0.32026-09-18 — 25-delta RR (volatility points) 0.82026-09-21 — 25-delta RR (volatility points) 0.72026-09-22 — 25-delta RR (volatility points) -0.62026-09-23 — 25-delta RR (volatility points) -1.72026-09-24 — 25-delta RR (volatility points) -2.62026-09-25 — 25-delta RR (volatility points) 1.516 Sep18 Sep22 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)

40%45%50%55%60%2026-10-02 (7d) — 5Δ C — IV 53.30%2026-10-02 (7d) — 10Δ C — IV 47.23%2026-10-02 (7d) — 15Δ C — IV 47.24%2026-10-02 (7d) — 20Δ C — IV 45.23%2026-10-02 (7d) — 25Δ C — IV 44.82%2026-10-02 (7d) — 30Δ C — IV 44.81%2026-10-02 (7d) — 35Δ C — IV 43.84%2026-10-02 (7d) — 40Δ C — IV 42.67%2026-10-02 (7d) — 45Δ C — IV 43.36%2026-10-02 (7d) — ATM — IV 44.66%2026-10-02 (7d) — 45Δ P — IV 44.85%2026-10-02 (7d) — 40Δ P — IV 44.56%2026-10-02 (7d) — 35Δ P — IV 44.29%2026-10-02 (7d) — 30Δ P — IV 44.05%2026-10-02 (7d) — 25Δ P — IV 43.95%2026-10-02 (7d) — 20Δ P — IV 45.12%2026-10-02 (7d) — 15Δ P — IV 46.38%2026-10-02 (7d) — 10Δ P — IV 47.28%2026-10-02 (7d) — 5Δ P — IV 48.95%7d2026-10-09 (14d) — 5Δ C — IV 51.21%2026-10-09 (14d) — 10Δ C — IV 51.33%2026-10-09 (14d) — 15Δ C — IV 50.00%2026-10-09 (14d) — 20Δ C — IV 46.45%2026-10-09 (14d) — 25Δ C — IV 46.52%2026-10-09 (14d) — 30Δ C — IV 46.38%2026-10-09 (14d) — 35Δ C — IV 46.11%2026-10-09 (14d) — 40Δ C — IV 45.30%2026-10-09 (14d) — 45Δ C — IV 44.69%2026-10-09 (14d) — ATM — IV 45.88%2026-10-09 (14d) — 45Δ P — IV 46.10%2026-10-09 (14d) — 40Δ P — IV 45.96%2026-10-09 (14d) — 35Δ P — IV 45.77%2026-10-09 (14d) — 30Δ P — IV 45.54%2026-10-09 (14d) — 25Δ P — IV 45.33%2026-10-09 (14d) — 20Δ P — IV 45.71%2026-10-09 (14d) — 15Δ P — IV 47.44%14d2026-10-16 (21d) — 5Δ C — IV 56.80%2026-10-16 (21d) — 10Δ C — IV 50.41%2026-10-16 (21d) — 15Δ C — IV 49.16%2026-10-16 (21d) — 20Δ C — IV 47.57%2026-10-16 (21d) — 25Δ C — IV 47.17%2026-10-16 (21d) — 30Δ C — IV 47.49%2026-10-16 (21d) — 35Δ C — IV 46.05%2026-10-16 (21d) — 40Δ C — IV 46.39%2026-10-16 (21d) — 45Δ C — IV 45.05%2026-10-16 (21d) — ATM — IV 45.20%2026-10-16 (21d) — 45Δ P — IV 46.05%2026-10-16 (21d) — 40Δ P — IV 46.77%2026-10-16 (21d) — 35Δ P — IV 46.18%2026-10-16 (21d) — 30Δ P — IV 46.81%2026-10-16 (21d) — 25Δ P — IV 46.85%2026-10-16 (21d) — 20Δ P — IV 46.94%2026-10-16 (21d) — 15Δ P — IV 47.65%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 call53.30%51.21%56.80%
10Δ call47.23%51.33%50.41%
15Δ call47.24%50.00%49.16%
20Δ call45.23%46.45%47.57%
25Δ call44.82%46.52%47.17%
30Δ call44.81%46.38%47.49%
35Δ call43.84%46.11%46.05%
40Δ call42.67%45.30%46.39%
45Δ call43.36%44.69%45.05%
ATM44.66%45.88%45.20%
45Δ put44.85%46.10%46.05%
40Δ put44.56%45.96%46.77%
35Δ put44.29%45.77%46.18%
30Δ put44.05%45.54%46.81%
25Δ put43.95%45.33%46.85%
20Δ put45.12%45.71%46.94%
15Δ put46.38%47.44%47.65%
10Δ put47.28%——
5Δ put48.95%——

Wing readings by expiration

ExpirationDaysForwardATM IV25Δ put25Δ callRRButterflyQuotes
2026-10-027$28.0544.66%43.95%44.82%-0.86-0.2713
2026-10-0914$28.0245.88%45.33%46.52%-1.20+0.0513
2026-10-1621$28.0545.20%46.85%47.17%-0.32+1.8120
2026-10-2328$28.2145.21%48.10%45.66%+2.43+1.677
2026-10-3035$28.0946.16%46.74%46.97%-0.23+0.708
2026-11-2056$28.1758.91%59.97%60.23%-0.26+1.197
2026-12-1884$28.2556.96%58.24%59.11%-0.87+1.7213
2027-01-15112$28.4555.14%57.21%55.30%+1.91+1.1112
2027-03-19175$28.6257.16%57.91%57.20%+0.71+0.3914
2027-04-16203$28.8355.96%58.75%57.77%+0.98+2.3012
2027-06-17265$28.9459.30%60.02%57.54%+2.48-0.5215
2027-09-17357$29.4557.98%60.61%59.14%+1.47+1.8923

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

12 listed expirations produced a usable reading

40%45%50%55%60%65%2026-10-02 — 7 days — at-the-money IV 44.66%2026-10-09 — 14 days — at-the-money IV 45.88%2026-10-16 — 21 days — at-the-money IV 45.20%2026-10-23 — 28 days — at-the-money IV 45.21%2026-10-30 — 35 days — at-the-money IV 46.16%2026-11-20 — 56 days — at-the-money IV 58.91%2026-12-18 — 84 days — at-the-money IV 56.96%2027-01-15 — 112 days — at-the-money IV 55.14%2027-03-19 — 175 days — at-the-money IV 57.16%2027-04-16 — 203 days — at-the-money IV 55.96%2027-06-17 — 265 days — at-the-money IV 59.30%2027-09-17 — 357 days — at-the-money IV 57.98%7306090180days 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$28.0544.66%$28.1013
2026-10-0914 days$28.0245.88%$28.1313
2026-10-1621 days$28.0545.20%$28.2220
2026-10-2328 days$28.2145.21%$28.437
2026-10-3035 days$28.0946.16%$28.388
2026-11-2056 days$28.1758.91%$28.937
2026-12-1884 days$28.2556.96%$29.3213
2027-01-15112 days$28.4555.14%$29.8112
2027-03-19175 days$28.6257.16%$30.9514
2027-04-16203 days$28.8355.96%$31.4512
2027-06-17265 days$28.9459.30%$32.8815
2027-09-17357 days$29.4557.98%$34.7123

Constant maturities

Interpolated between the bracketing listed expirations, in total variance

30 days
45.53%
60 days
58.53%
90 days
56.48%
180 days
56.92%

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 8 sessions

0.901.001.101.201.302026-09-16 — 90-day over 30-day 1.102026-09-17 — 90-day over 30-day 1.152026-09-18 — 90-day over 30-day 1.162026-09-21 — 90-day over 30-day 1.152026-09-22 — 90-day over 30-day 1.172026-09-23 — 90-day over 30-day 1.152026-09-24 — 90-day over 30-day 1.202026-09-25 — 90-day over 30-day 1.2416 Sep18 Sep22 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

2026-11-06Time 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
2026-08-06Before the open———
2026-05-07Before the open———
2026-02-26Before the open———
2025-11-06Before the open———
2025-08-07Before the open———
2025-05-06Before the open———
2025-02-20After the close———
2024-11-06Before the open———
2024-08-06Before the open———
2024-05-07Before the open———
2024-02-29After the close———
2023-11-07Before the open———

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.