Options Skew Analytics
Sign in

ETSY options analytics

ETSY · Stock

Data as of 24 September 2026 (end of day)

ETSY options are pricing a 30-day at-the-money volatility of 46.6%, a move of about ±13.4% over the next month. Its history here is 6 sessions, short of the 180 a percentile needs, so this reading is not yet ranked against its own past.

Its 25-delta calls carry 0.21 volatility points more than the puts.

Longer-dated options carry more: 90-day volatility is 11% above 30-day.

Its next earnings report is 2026-11-04 (estimated from its reporting cadence).

Current readings

30-day ATM implied volatilityⓘ
46.60%

Prices a move of about ±13.4% over 30 days, or ±2.9% on a typical day.

25-delta risk reversalⓘ
-0.21

Calls carry 0.21 volatility points more than puts the same distance from the money.

25-delta butterflyⓘ
+0.68

The wings carry 0.68 volatility points more than at-the-money.

Term structure slopeⓘ
1.107

90-day volatility is 11% above 30-day.

Where 30-day implied volatility sits

Against 6 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
$68.98
30-day implied forward
$69.26
60-day ATM IV
54.55%
90-day ATM IV
51.60%
180-day ATM IV
51.07%
Expirations used
9
Total open interest
116,570
Put / call open interest
0.21

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 6 sessions

40%42%44%46%48%50%2026-09-17 — 30-day ATM IV 43%2026-09-18 — 30-day ATM IV 42%2026-09-21 — 30-day ATM IV 45%2026-09-22 — 30-day ATM IV 45%2026-09-23 — 30-day ATM IV 49%2026-09-24 — 30-day ATM IV 47%17 Sep18 Sep22 Sep23 Sep24 Sep
Show the underlying numbers (most recent 6)
Session30-day ATM IV25-delta RRTerm slopeClose
2026-09-2446.60%-0.211.107$68.98
2026-09-2349.14%+1.531.058$73.70
2026-09-2245.29%+1.811.135$75.14
2026-09-2144.66%-0.911.105$73.48
2026-09-1842.36%+0.001.179$72.60
2026-09-1743.49%+1.051.154$72.34

The chart covers every session in the archive, 6 in total. The table lists the most recent 6.

25-delta risk reversal

Last 6 sessions

-2.0-1.00.01.02.03.02026-09-17 — 25-delta RR (volatility points) 1.12026-09-18 — 25-delta RR (volatility points) 0.02026-09-21 — 25-delta RR (volatility points) -0.92026-09-22 — 25-delta RR (volatility points) 1.82026-09-23 — 25-delta RR (volatility points) 1.52026-09-24 — 25-delta RR (volatility points) -0.217 Sep18 Sep22 Sep23 Sep24 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

8d (2026-10-02) · 22d (2026-10-16) · 29d (2026-10-23)

40%45%50%55%60%2026-10-02 (8d) — 20Δ C — IV 50.93%2026-10-02 (8d) — 25Δ C — IV 50.60%2026-10-02 (8d) — 30Δ C — IV 48.18%2026-10-02 (8d) — 35Δ C — IV 48.22%2026-10-02 (8d) — 40Δ C — IV 48.06%2026-10-02 (8d) — 45Δ C — IV 47.71%2026-10-02 (8d) — ATM — IV 47.64%2026-10-02 (8d) — 45Δ P — IV 47.73%2026-10-02 (8d) — 40Δ P — IV 48.21%2026-10-02 (8d) — 35Δ P — IV 48.31%2026-10-02 (8d) — 30Δ P — IV 48.60%2026-10-02 (8d) — 25Δ P — IV 50.06%2026-10-02 (8d) — 20Δ P — IV 50.32%8d2026-10-16 (22d) — 5Δ C — IV 53.58%2026-10-16 (22d) — 10Δ C — IV 49.54%2026-10-16 (22d) — 15Δ C — IV 47.80%2026-10-16 (22d) — 20Δ C — IV 46.81%2026-10-16 (22d) — 25Δ C — IV 46.56%2026-10-16 (22d) — 30Δ C — IV 45.41%2026-10-16 (22d) — 35Δ C — IV 44.13%2026-10-16 (22d) — 40Δ C — IV 46.60%2026-10-16 (22d) — 45Δ C — IV 48.02%2026-10-16 (22d) — ATM — IV 47.83%2026-10-16 (22d) — 45Δ P — IV 45.07%2026-10-16 (22d) — 40Δ P — IV 46.35%2026-10-16 (22d) — 35Δ P — IV 45.05%2026-10-16 (22d) — 30Δ P — IV 47.34%2026-10-16 (22d) — 25Δ P — IV 48.94%2026-10-16 (22d) — 20Δ P — IV 47.16%22d2026-10-23 (29d) — 25Δ C — IV 46.80%2026-10-23 (29d) — 30Δ C — IV 44.70%2026-10-23 (29d) — 35Δ C — IV 45.57%2026-10-23 (29d) — 40Δ C — IV 44.82%2026-10-23 (29d) — 45Δ C — IV 45.19%2026-10-23 (29d) — ATM — IV 45.93%2026-10-23 (29d) — 45Δ P — IV 46.16%2026-10-23 (29d) — 40Δ P — IV 45.47%2026-10-23 (29d) — 35Δ P — IV 46.23%2026-10-23 (29d) — 30Δ P — IV 45.58%2026-10-23 (29d) — 25Δ P — IV 46.37%2026-10-23 (29d) — 20Δ P — IV 47.24%29d10Δ 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
Delta8d22d29d
5Δ call—53.58%—
10Δ call—49.54%—
15Δ call—47.80%—
20Δ call50.93%46.81%—
25Δ call50.60%46.56%46.80%
30Δ call48.18%45.41%44.70%
35Δ call48.22%44.13%45.57%
40Δ call48.06%46.60%44.82%
45Δ call47.71%48.02%45.19%
ATM47.64%47.83%45.93%
45Δ put47.73%45.07%46.16%
40Δ put48.21%46.35%45.47%
35Δ put48.31%45.05%46.23%
30Δ put48.60%47.34%45.58%
25Δ put50.06%48.94%46.37%
20Δ put50.32%47.16%47.24%

Wing readings by expiration

ExpirationDaysForwardATM IV25Δ put25Δ callRRButterflyQuotes
2026-10-028$69.1747.64%50.06%50.60%-0.54+2.6910
2026-10-1622$69.1947.83%48.94%46.56%+2.38-0.0819
2026-10-2329$69.2645.93%46.37%46.80%-0.42+0.6513
2026-11-2057$69.3554.98%57.09%54.83%+2.26+0.9712
2026-12-1885$69.4252.08%53.86%52.42%+1.44+1.0513
2027-01-15113$69.6749.88%51.65%49.26%+2.39+0.5713
2027-03-19176$70.1351.11%52.67%50.89%+1.77+0.6721
2027-06-17266$71.2450.49%52.00%51.40%+0.60+1.2116
2027-09-17358$71.8050.84%52.11%50.95%+1.16+0.7014

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

9 listed expirations produced a usable reading

44%46%48%50%52%54%56%2026-10-02 — 8 days — at-the-money IV 47.64%2026-10-16 — 22 days — at-the-money IV 47.83%2026-10-23 — 29 days — at-the-money IV 45.93%2026-11-20 — 57 days — at-the-money IV 54.98%2026-12-18 — 85 days — at-the-money IV 52.08%2027-01-15 — 113 days — at-the-money IV 49.88%2027-03-19 — 176 days — at-the-money IV 51.11%2027-06-17 — 266 days — at-the-money IV 50.49%2027-09-17 — 358 days — at-the-money IV 50.84%306090180days 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
2026-10-028 days$69.1747.64%$69.3410
2026-10-1622 days$69.1947.83%$69.6719
2026-10-2329 days$69.2645.93%$69.8413
2026-11-2057 days$69.3554.98%$71.0012
2026-12-1885 days$69.4252.08%$71.6513
2027-01-15113 days$69.6749.88%$72.4113
2027-03-19176 days$70.1351.11%$74.6921
2027-06-17266 days$71.2450.49%$78.1716
2027-09-17358 days$71.8050.84%$81.5014

Constant maturities

Interpolated between the bracketing listed expirations, in total variance

30 days
46.60%
60 days
54.55%
90 days
51.60%
180 days
51.07%

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 6 sessions

0.951.001.051.101.151.202026-09-17 — 90-day over 30-day 1.152026-09-18 — 90-day over 30-day 1.182026-09-21 — 90-day over 30-day 1.112026-09-22 — 90-day over 30-day 1.132026-09-23 — 90-day over 30-day 1.062026-09-24 — 90-day over 30-day 1.1117 Sep18 Sep22 Sep23 Sep24 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

2026-11-04Time 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
2026-08-05After the close———
2026-04-29Before the open———
2026-02-19Before the open———
2026-02-18After the close———
2025-10-29Before the open———
2025-07-30Before the open———
2025-04-30Before the open———
2025-02-19Before the open———
2024-10-30After the close———
2024-07-31After the close———
2024-05-01After the close———
2024-02-21After the close———
2023-11-01After 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.