First Trust Low Duration Opportunities ETF (LMBS) 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.
First Trust Low Duration Opportunities ETF (LMBS) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $6.17B, listed on NASDAQ, carrying a beta of 0.46 to the broader market. The First Trust Low Duration Opportunities ETF is an actively managed exchange-traded fund. public since 2014-11-05.
Snapshot as of May 14, 2026.
- Spot Price
- $49.90
- ATM IV
- 28.3%
- HV 20-Day
- 2.2%
- HV 60-Day
- 3.2%
- IV Rank
- 29.5%
- IV Percentile
- 67.1%
As of May 14, 2026, First Trust Low Duration Opportunities ETF (LMBS) ATM implied volatility is 28.3%. 20-day realized volatility is 2.2%, producing an IV-HV spread of +26.1 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 29.5%.
How LMBS iv/hv history Data Feeds Strategy Selection
Strategy selection on First Trust Low Duration Opportunities 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 28.3% 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 LMBS iv/hv history questions
- Is LMBS options pricing rich or cheap right now?
- As of May 14, 2026, First Trust Low Duration Opportunities ETF (LMBS) ATM IV is 28.3% against 20-day realized volatility of 2.2%. IV rank is 29.5%. LMBS options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 26.1 vol points.
- What is the LMBS 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. LMBS 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 LMBS 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. LMBS's current rank of 29.5% 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.