First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - November (NOVM) 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 Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - November (NOVM) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $28.3M, listed on CBOE, carrying a beta of 0.20 to the broader market. NOVM uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 7%, while seeking to provide the maximum available buffer of 100% over a one-year period starting in November. public since 2024-11-18.

Volatility skew analysis compares implied volatility across strikes and expirations. No recent options activity for NOVM as of 2026-10-15; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.

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