Roundhill Memory ETF (DRAM) 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.
Snapshot as of May 8, 2026.
- Spot Price
- $52.52
- ATM IV
- 93.1%
- IV Skew 25Δ
- -0.142
- Term Structure Slope
- -0.008
As of May 8, 2026, Roundhill Memory ETF (DRAM) at-the-money implied volatility is 93.1%. The 25-delta skew is -0.142: puts carry meaningful premium over calls, a classic equity downside-protection skew. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
Learn how volatility skew is reported and how to read the data →
Frequently asked DRAM volatility skew questions
- What is the current DRAM ATM implied volatility?
- As of May 8, 2026, Roundhill Memory ETF (DRAM) at-the-money implied volatility is 93.1%. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.
- Is DRAM IV high or low historically?
- Strategy choice depends on whether IV is rich or cheap relative to history; consult IV rank alongside the absolute level.
- What does DRAM volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Roundhill Memory ETF carries the typical equity downside-protection skew: 25-delta puts price meaningfully richer than 25-delta calls. 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.