First Trust Indxx Global Natural Resources Income ETF (FTRI) 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.

First Trust Indxx Global Natural Resources Income ETF (FTRI) operates in the Financial Services sector, specifically the Asset Management - Income industry, with a market capitalization near $110.7M, listed on NASDAQ, carrying a beta of 0.61 to the broader market. The First Trust Indxx Global Natural Resources Income ETF is an exchange-trade fund. public since 2010-03-31.

Snapshot as of May 15, 2026.

Spot Price

$17.17

ATM IV

440.4%

IV Skew 25Δ

-0.456

IV Rank

90.6%

IV Percentile

99.2%

Term Structure Slope

-0.005

As of May 15, 2026, First Trust Indxx Global Natural Resources Income ETF (FTRI) at-the-money implied volatility is 440.4%. IV rank is 90.6% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 99.2%. The 25-delta skew is -0.456: 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.

FTRI Strategy Selection at Current Volatility Levels

For First Trust Indxx Global Natural Resources Income ETF options at 440.4% ATM IV, high IV rank (90.6%) 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. The 25-delta skew is meaningfully put-skewed, so put-credit spreads capture more premium for the same width than call-credit spreads. 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.

Learn how volatility skew is reported and how to read the data →

Frequently asked FTRI volatility skew questions

What is the current FTRI ATM implied volatility?

As of May 15, 2026, First Trust Indxx Global Natural Resources Income ETF (FTRI) at-the-money implied volatility is 440.4%. IV rank is 90.6% 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 FTRI 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 FTRI volatility skew tell options traders?

Volatility skew is the pattern by which IV varies across strikes for a given expiration. First Trust Indxx Global Natural Resources Income 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.