iMGP DBi Managed Futures Strategy ETF (DBMF) Volatility Skew
Implied volatility skew shows how IV varies across strike prices for a given expiration. Steeper skews indicate higher demand for downside protection relative to upside speculation.
iMGP DBi Managed Futures Strategy ETF (DBMF) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $1.64B, listed on AMEX, carrying a beta of 0.09 to the broader market. The fund seeks to achieve its objective by: (i) investing its assets pursuant to a managed futures strategy; (ii) allocating up to 20% of its total assets in its wholly-owned subsidiary, which is organized under the laws of the Cayman Islands, is advised by the Sub-Advisor, and will comply with the fund's investment objective and investment policies; and (iii) investing directly in select debt instruments for cash management and other purposes. public since 2019-05-08.
Snapshot as of May 15, 2026.
- Spot Price
- $31.23
- ATM IV
- 365.9%
- IV Skew 25Δ
- -0.004
- IV Rank
- 75.5%
- IV Percentile
- 97.6%
- Term Structure Slope
- -3.304
As of May 15, 2026, iMGP DBi Managed Futures Strategy ETF (DBMF) at-the-money implied volatility is 365.9%. IV rank is 75.5% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 97.6%. The 25-delta skew is -0.004: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
DBMF Strategy Selection at Current Volatility Levels
For iMGP DBi Managed Futures Strategy ETF options at 365.9% ATM IV, high IV rank (75.5%) favors premium-selling structures: credit spreads, iron condors, covered calls, cash-secured puts. The risk: a continued vol expansion through high-rank levels is rare but expensive when it happens. Pair the vol-rank read with the dealer-gamma view and the upcoming-events calendar to confirm the strategy fits both the structural regime and the path-dependent risk. The variance risk premium - the persistent gap between implied and subsequently realized vol - is positive in equity markets on average; high IV rank typically reflects a stretch where the premium is wider than usual.
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Frequently asked DBMF volatility skew questions
- What is the current DBMF ATM implied volatility?
- As of May 15, 2026, iMGP DBi Managed Futures Strategy ETF (DBMF) at-the-money implied volatility is 365.9%. IV rank is 75.5% on a 0-100% scale anchored to the 1-year IV range. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.
- Is DBMF IV high or low historically?
- IV is elevated relative to its 1-year history, conditions that typically favor premium-selling strategies (credit spreads, iron condors, covered calls).
- What does DBMF volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. iMGP DBi Managed Futures Strategy ETF skew is roughly flat across the 25-delta wings. Skew matters for risk-defined strategy selection: when downside puts are rich, put-credit spreads capture more premium; when upside calls are rich, call-credit spreads or covered-call writes harvest more.