ETF · 期权分析
IVV 期权分析
数据截至 2026年11月10日(收盘)
- 标的收盘价
- $753.37
- 30D ATM IV
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- IV 百分位 · 1年
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- 25Δ 风险逆转
- —
- 期限斜率 90/30
- —
本交易日无法计算任何指标
01 · 读数
当前读数
最近一个交易日的 30 天曲面,每个读数都放在它自身的历史里比较。
主要读数 · 30 天期限
- 30 天 ATM 隐含波动率ⓘ
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- 25-delta 风险逆转ⓘ
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- 25-delta 蝶式价差ⓘ
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- 期限结构斜率ⓘ
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30 天隐含波动率处在什么位置
对比此前 89 个交易日(一年窗口)
这个窗口内的历史不足,无法定位当前读数。
- IV 百分位,1 年
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- IV 排名,1 年
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- IV 百分位,2 年
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- IV 排名,2 年
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排名是当前读数在窗口内最低与最高读数之间的位置,所以过去只要有一个极端值,之后的读数都会被压在一端附近。百分位是低于当前读数的交易日所占的比例,不受那个极端值有多极端的影响。窗口内少于 180 个交易日时,两者都不显示。
交易日明细
- 标的收盘价
- $753.37
- 30 天隐含远期价
- —
- 60 天 ATM IV
- 15.70%
- 90 天 ATM IV
- 15.71%
- 180 天 ATM IV
- 16.39%
- 使用的到期日数
- 4
- 总未平仓量
- 7,365
- Put / call 未平仓量比
- 0.71
远期价由最接近平值的几个行权价上的 put-call 平价关系推出,而不是直接取标的收盘价。本页所有的价值状态(moneyness)和 delta 都以它为基准。
02 · 历史
读数是怎么走到这里的
存档窗口内的每个交易日,每次收盘一个点。
30 天平值隐含波动率
最近 338 个交易日
显示底层数据(最近 120 个)
| 交易日 | 30 天 ATM IV | 25-delta RR | 期限斜率 | 收盘价 |
|---|---|---|---|---|
| 2026-11-10 | — | — | — | $753.37 |
| 2026-11-09 | — | — | — | $756.05 |
| 2026-11-06 | — | — | — | $738.68 |
| 2026-11-05 | — | — | — | $736.21 |
| 2026-11-04 | — | — | — | $770.17 |
| 2026-11-03 | 16.97% | +5.44 | 0.961 | $757.88 |
| 2026-11-02 | — | — | — | $755.36 |
| 2026-10-30 | — | — | — | $759.18 |
| 2026-10-29 | — | — | — | $772.97 |
| 2026-10-28 | — | — | — | $775.65 |
| 2026-10-27 | — | — | — | $773.25 |
| 2026-10-26 | — | — | — | $768.69 |
| 2026-10-23 | 15.38% | +6.59 | 0.999 | $763.25 |
| 2026-10-22 | 15.43% | +5.41 | 1.018 | $767.41 |
| 2026-10-21 | — | — | — | $776.65 |
| 2026-10-20 | — | — | — | $772.35 |
| 2026-10-19 | — | — | — | $770.01 |
| 2026-10-16 | — | — | — | $766.67 |
| 2026-10-15 | — | — | — | $775.16 |
| 2026-10-14 | — | — | — | $773.09 |
| 2026-10-13 | — | — | — | $781.54 |
| 2026-10-09 | — | — | — | $781.97 |
| 2026-10-08 | — | — | — | $777.27 |
| 2026-10-07 | — | — | — | $780.58 |
| 2026-10-06 | — | — | — | $782.54 |
| 2026-10-05 | — | — | — | $778.25 |
| 2026-10-02 | — | — | — | $773.10 |
| 2026-10-01 | — | — | — | $767.38 |
| 2026-09-30 | — | — | — | $765.85 |
| 2026-09-29 | — | — | — | $767.52 |
| 2026-09-28 | — | — | — | $768.93 |
| 2026-09-25 | — | — | — | $774.83 |
| 2026-09-24 | — | — | — | $770.62 |
| 2026-09-23 | 12.51% | +3.20 | 1.110 | $771.21 |
| 2026-09-22 | 11.68% | +3.18 | 1.190 | $776.81 |
| 2026-09-21 | 12.44% | +4.62 | 1.124 | $776.86 |
| 2026-09-18 | 12.27% | +3.96 | 1.132 | $764.92 |
| 2026-09-17 | — | — | — | $764.08 |
| 2026-09-16 | — | — | — | $755.63 |
| 2026-09-15 | — | — | — | $758.88 |
| 2026-09-14 | — | — | — | $764.48 |
| 2026-09-11 | — | — | — | $767.92 |
| 2026-09-10 | — | — | — | $761.53 |
| 2026-09-09 | — | — | — | $766.10 |
| 2026-09-08 | — | — | — | $769.20 |
| 2026-09-04 | — | — | — | $773.92 |
| 2026-09-03 | — | — | — | $777.13 |
| 2026-09-02 | — | — | — | $768.81 |
| 2026-09-01 | 13.49% | +3.78 | 1.083 | $765.35 |
| 2026-08-31 | — | — | — | $770.74 |
| 2026-08-28 | — | — | — | $773.00 |
| 2026-08-27 | — | — | — | $774.75 |
| 2026-08-26 | — | — | — | $769.65 |
| 2026-08-25 | — | — | — | $769.62 |
| 2026-08-24 | 13.66% | +4.19 | 1.095 | $767.13 |
| 2025-10-22 | — | — | — | $671.16 |
| 2025-10-21 | — | — | — | $674.43 |
| 2025-10-20 | — | — | — | $674.59 |
| 2025-10-17 | — | — | — | $667.69 |
| 2025-10-16 | — | — | — | $663.98 |
| 2025-10-15 | — | — | — | $668.28 |
| 2025-10-14 | — | — | — | $665.48 |
| 2025-10-10 | — | — | — | $656.20 |
| 2025-10-09 | 13.15% | +4.88 | 1.118 | $674.52 |
| 2025-10-08 | 13.02% | +4.90 | 1.103 | $676.42 |
| 2025-10-07 | 14.16% | +4.22 | 1.043 | $672.42 |
| 2025-10-06 | 12.98% | +5.25 | 1.112 | $674.89 |
| 2025-10-03 | 13.20% | +4.31 | 1.083 | $672.42 |
| 2025-10-02 | 13.28% | +5.03 | 1.083 | $672.50 |
| 2025-10-01 | 13.26% | +5.35 | 1.054 | $671.84 |
| 2025-09-30 | 12.73% | +3.84 | 1.106 | $669.30 |
| 2025-09-29 | 12.64% | +6.26 | 1.116 | $666.76 |
| 2025-09-26 | 12.76% | +4.17 | 1.105 | $664.89 |
| 2025-09-25 | 13.79% | +5.11 | 1.057 | $661.22 |
| 2025-09-24 | 13.50% | +4.67 | 1.080 | $664.26 |
| 2025-09-23 | 13.40% | +5.66 | 1.088 | $666.50 |
| 2025-09-22 | 13.03% | +4.26 | 1.086 | $670.08 |
| 2025-09-19 | 12.91% | +3.42 | 1.075 | $666.87 |
| 2025-09-18 | 12.52% | +4.15 | 1.108 | $663.70 |
| 2025-09-17 | 12.25% | +4.32 | 1.118 | $660.57 |
| 2025-09-16 | 12.90% | +4.97 | 1.079 | $661.30 |
| 2025-09-15 | 11.92% | +4.76 | 1.138 | $664.17 |
| 2025-09-12 | 12.22% | +3.54 | 1.088 | $660.72 |
| 2025-09-11 | 12.16% | +4.40 | 1.091 | $660.95 |
| 2025-09-10 | — | — | — | $655.49 |
| 2025-09-09 | 12.34% | +5.87 | 1.092 | $653.62 |
| 2025-09-08 | 11.74% | +5.20 | 1.124 | $652.12 |
| 2025-09-05 | — | — | — | $650.47 |
| 2025-09-04 | 12.04% | +5.19 | 1.124 | $652.21 |
| 2025-09-03 | 12.81% | +5.92 | 1.085 | $646.88 |
| 2025-09-02 | 13.52% | +6.31 | 1.049 | $643.42 |
| 2025-08-29 | 11.87% | +5.73 | 1.147 | $648.32 |
| 2025-08-28 | — | — | — | $652.14 |
| 2025-08-27 | — | — | — | $649.80 |
| 2025-08-26 | — | — | — | $648.26 |
| 2025-08-25 | — | — | — | $645.64 |
| 2025-08-22 | — | — | — | $648.50 |
| 2025-08-21 | 13.84% | +5.69 | 1.046 | $638.70 |
| 2025-08-20 | 13.36% | +4.57 | 1.043 | $641.23 |
| 2025-08-19 | — | — | — | $642.95 |
| 2025-08-18 | 11.98% | +4.85 | 1.112 | $646.37 |
| 2025-08-15 | 11.94% | +4.66 | 1.124 | $646.67 |
| 2025-08-14 | 10.50% | +4.61 | 1.260 | $648.13 |
| 2025-08-13 | — | — | — | $648.11 |
| 2025-08-12 | 12.16% | +3.65 | 1.109 | $645.74 |
| 2025-08-11 | 13.54% | +5.66 | 1.036 | $638.98 |
| 2025-08-08 | — | — | — | $640.25 |
| 2025-08-07 | 13.54% | +5.75 | 1.061 | $635.44 |
| 2025-08-06 | 13.45% | +5.63 | 1.047 | $635.79 |
| 2025-08-05 | 14.39% | +6.55 | 1.026 | $631.12 |
| 2025-08-04 | 13.69% | +5.92 | 1.043 | $634.17 |
| 2025-08-01 | — | — | — | $624.65 |
| 2025-07-31 | — | — | — | $634.90 |
| 2025-07-30 | 13.10% | +4.87 | 1.058 | $637.51 |
| 2025-07-29 | — | — | — | $638.40 |
| 2025-07-28 | 12.29% | +4.49 | 1.097 | $639.92 |
| 2025-07-25 | — | — | — | $640.06 |
| 2025-07-24 | — | — | — | $637.58 |
| 2025-07-23 | — | — | — | $637.33 |
| 2025-07-22 | 13.44% | +4.99 | 1.026 | $631.74 |
图表覆盖存档中的全部交易日,共 338 个。表格列出最近的 120 个。
25-delta 风险逆转
最近 338 个交易日
虚线标出零的位置,即 25-delta put 与 call 隐含波动率相同之处。
03 · 偏斜
偏斜曲线
按 delta 排列的隐含波动率,近月到期日
按 delta 排列的隐含波动率
38d (2026-12-18) · 66d (2027-01-15) · 129d (2027-03-19)
横轴是 call 的 delta。虚线中线右侧的读数取自该行权价上的虚值 put,波动率正是从这个合约的报价反解出来的。只有在保留下来的报价从两侧夹住该 delta 时才会画点;最后一个有成交的行权价之外一律不外推。
显示底层数据
| Delta | 38d | 66d | 129d |
|---|---|---|---|
| 20Δ 看涨 | 13.26% | — | 13.21% |
| 25Δ 看涨 | 13.34% | 13.36% | 13.64% |
| 30Δ 看涨 | 14.03% | 14.19% | 13.94% |
| 35Δ 看涨 | 14.70% | 14.20% | 14.29% |
| 40Δ 看涨 | 14.95% | 15.01% | 14.79% |
| 45Δ 看涨 | 15.23% | 15.25% | 15.24% |
| ATM | 15.98% | 15.65% | 15.75% |
| 45Δ 看跌 | 16.72% | 16.54% | 16.99% |
| 40Δ 看跌 | 17.52% | 16.96% | 17.71% |
| 35Δ 看跌 | 18.39% | 17.96% | 18.68% |
| 30Δ 看跌 | 19.64% | 19.02% | 19.51% |
| 25Δ 看跌 | 20.55% | 20.09% | 20.60% |
| 20Δ 看跌 | 21.87% | 21.59% | 22.47% |
| 15Δ 看跌 | — | 23.23% | 24.34% |
各到期日的两翼读数
| 到期日 | 天数 | 远期价 | ATM IV | 25Δ put | 25Δ call | RR | 蝶式价差 | 报价数 |
|---|---|---|---|---|---|---|---|---|
| 2026-12-18 | 38 | $753.19 | 15.98% | 20.55% | 13.34% | +7.21 | +0.96 | 16 |
| 2027-01-15 | 66 | $754.80 | 15.65% | 20.09% | 13.36% | +6.73 | +1.07 | 22 |
| 2027-03-19 | 129 | $761.02 | 15.75% | 20.60% | 13.64% | +6.96 | +1.36 | 30 |
| 2027-06-17 | 219 | $766.59 | 16.66% | 21.27% | 14.14% | +7.13 | +1.04 | 42 |
上面每条曲线代表一个到期日。纵向位置是隐含波动率,横向位置是读数所取合约的 delta。对美股来说,曲线通常向右上方倾斜,也就是虚值 put 的隐含波动率高于距离相同的 call。
25-delta 风险逆转把这个斜率概括成一个数字:25-delta put 的波动率减去 25-delta call 的波动率。蝶式价差(butterfly)概括的是弯曲程度:两翼的平均值减去平值读数。
04 · 期限结构
期限结构
各到期日的平值隐含波动率
各到期日的平值隐含波动率
4 个上市到期日得出了可用读数
横轴是距到期天数的平方根,这是波动率本身所在的尺度。按方差计算平坦的曲线,在这里会画成一条直线,而不会在最近一周急剧弯折。
显示底层数据
| 到期日 | 天数 | 远期价 | ATM IV | ATM 行权价 | 使用的报价数 |
|---|---|---|---|---|---|
| 2026-12-18 | 38 天 | $753.19 | 15.98% | $754.19 | 16 |
| 2027-01-15 | 66 天 | $754.80 | 15.65% | $756.47 | 22 |
| 2027-03-19 | 129 天 | $761.02 | 15.75% | $764.36 | 30 |
| 2027-06-17 | 219 天 | $766.59 | 16.66% | $773.00 | 42 |
恒定期限
在前后相邻的上市到期日之间按总方差插值
- 30 天
- —
- 60 天
- 15.70%
- 90 天
- 15.71%
- 180 天
- 16.39%
插值是对总方差做线性插值,而不是对波动率。直接对波动率插值,隐含的两个到期日之间的远期方差可能为负。超出最长上市到期日的期限会标为不可用,而不是外推。
期限结构斜率
最近 338 个交易日
虚线标出 1.00,即 90 天与 30 天平值波动率相等之处。在它上方,较长期限的波动率更高。
期限结构就是每个上市到期日的平值隐含波动率,按到期日有多远排开画出来。标的平稳时,它通常缓缓向上倾斜,因为期限越长,能容纳的不确定性越多。
当市场为某个有确定日期的事件定价时,它会倒挂:包含预定公告的到期日,除了平常交易的方差之外还要加上该事件的方差,所以较短的合约可能显示出比较长合约更高的波动率。