Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged (NVOH) 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.

Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged (NVOH) operates in the Healthcare sector, specifically the Medical - Pharmaceuticals industry, with a market capitalization near $2.3M, listed on AMEX, carrying a beta of 1.41 to the broader market. The series, under normal circumstances, invests at least 95% of its net assets in American Depositary Receipts (“ADRs”) of the Novo Nordisk A/S (B Shares) (the “Company”). public since 2025-01-07.

Snapshot as of May 15, 2026.

Spot Price

$24.70

ATM IV

57.7%

IV Skew 25Δ

0.027

Term Structure Slope

-0.100

As of May 15, 2026, Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged (NVOH) at-the-money implied volatility is 57.7%. The 25-delta skew is +0.027: 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.

NVOH Strategy Selection at Current Volatility Levels

For Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged options at 57.7% ATM IV, mid-range IV rank is the regime where directional conviction matters more than vol-regime positioning; strategy choice should follow the event calendar and the dealer-positioning view rather than IV rank alone. The 25-delta skew tilts to calls, so call-credit spreads or covered-call writes harvest more premium than put-credit spreads of the same width. 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 NVOH volatility skew questions

What is the current NVOH ATM implied volatility?

As of May 15, 2026, Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged (NVOH) at-the-money implied volatility is 57.7%. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.

Is NVOH IV high or low historically?

Strategy choice depends on whether IV is rich or cheap relative to history; consult IV rank alongside the absolute level.

What does NVOH volatility skew tell options traders?

Volatility skew is the pattern by which IV varies across strikes for a given expiration. Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged shows upside-skewed pricing: 25-delta calls trade richer than 25-delta puts, often reflecting upside speculation or squeeze risk. 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.