First Trust Preferred Securities and Income ETF (FPE) 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 Apr 22, 2026.

Spot Price

$18.12

ATM IV

35.1%

IV Skew 25Δ

0.06

As of Apr 22, 2026, First Trust Preferred Securities and Income ETF (FPE) at-the-money implied volatility is 35.1%. The 25-delta skew is +0.057 — calls carry premium over puts, indicating upside speculation or squeeze risk. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.