Breakwave Tanker Shipping ETF (BWET) 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.
Breakwave Tanker Shipping ETF (BWET) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $22.4M, listed on AMEX, carrying a beta of 0.38 to the broader market. The Breakwave Tanker Shipping ETF (BWET) is an exchange-traded fund (ETF) designed to reflect the daily price movements of indices that track the future cost of transporting crude oil. public since 2023-05-03.
Snapshot as of May 15, 2026.
- Spot Price
- $181.53
- ATM IV
- 146.2%
- HV 20-Day
- 122.5%
- HV 60-Day
- 159.8%
- IV Rank
- 61.6%
- IV Percentile
- 81.3%
As of May 15, 2026, Breakwave Tanker Shipping ETF (BWET) ATM implied volatility is 146.2%. 20-day realized volatility is 122.5%, producing an IV-HV spread of +23.7 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 61.6%.
How BWET iv/hv history Data Feeds Strategy Selection
Strategy selection on Breakwave Tanker Shipping 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 146.2% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. 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 BWET iv/hv history questions
- Is BWET options pricing rich or cheap right now?
- As of May 15, 2026, Breakwave Tanker Shipping ETF (BWET) ATM IV is 146.2% against 20-day realized volatility of 122.5%. IV rank is 61.6%. BWET options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 23.7 vol points.
- What is the BWET 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. BWET is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does BWET 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. BWET's current rank of 61.6% 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.