Leverage Shares 2x Long GEMI Daily ETF (GEMG) 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.
Leverage Shares 2x Long GEMI Daily ETF (GEMG) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $38,138, listed on NASDAQ, carrying a beta of 3.45 to the broader market. The Leverage Shares 2x Long GEMI Daily ETF (GEMG) is a 2x Daily Leveraged (Bull) ETF designed for active traders seeking to magnify short-term results. Led by Calvin Tsang, public since 2025-11-05.
Snapshot as of May 14, 2026.
- Spot Price
- $14.42
- ATM IV
- 216.1%
- HV 20-Day
- 135.9%
- HV 60-Day
- 204.8%
As of May 14, 2026, Leverage Shares 2x Long GEMI Daily ETF (GEMG) ATM implied volatility is 216.1%. 20-day realized volatility is 135.9%, producing an IV-HV spread of +80.2 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium.
How GEMG iv/hv history Data Feeds Strategy Selection
Strategy selection on Leverage Shares 2x Long GEMI Daily 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 216.1% 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 GEMG iv/hv history questions
- Is GEMG options pricing rich or cheap right now?
- As of May 14, 2026, Leverage Shares 2x Long GEMI Daily ETF (GEMG) ATM IV is 216.1% against 20-day realized volatility of 135.9%. GEMG options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 80.2 vol points.
- What is the GEMG 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. GEMG 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 GEMG 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. GEMG's current rank 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.