Leverage Shares 2x Long ARM Daily ETF (ARMG) IV/HV History

Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.

Leverage Shares 2x Long ARM Daily ETF (ARMG) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $19.5M, listed on NASDAQ, carrying a beta of 5.10 to the broader market. The Leverage Shares 2x Long ARM Daily ETF (ARMG) is a 2x Daily Leveraged (Bull) ETF designed for active traders seeking to magnify short-term results. Led by Paul Bartkowiak, public since 2024-12-05.

Snapshot as of May 15, 2026.

Spot Price
$16.91
ATM IV
143.1%
HV 20-Day
215.8%
HV 60-Day
163.6%
IV Rank
39.2%
IV Percentile
72.1%

As of May 15, 2026, Leverage Shares 2x Long ARM Daily ETF (ARMG) ATM implied volatility is 143.1%. 20-day realized volatility is 215.8%, producing an IV-HV spread of -72.7 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 39.2%.

How ARMG iv/hv history Data Feeds Strategy Selection

Strategy selection on Leverage Shares 2x Long ARM Daily ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 143.1% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

Learn how implied vs realized volatility is reported and how to read the data →

Frequently asked ARMG iv/hv history questions

Is ARMG options pricing rich or cheap right now?
As of May 15, 2026, Leverage Shares 2x Long ARM Daily ETF (ARMG) ATM IV is 143.1% against 20-day realized volatility of 215.8%. IV rank is 39.2%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
What is the ARMG variance risk premium?
The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. ARMG is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
What does ARMG IV rank mean for strategy selection?
IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. ARMG's current rank of 39.2% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.