Overlay Shares Short Term Bond ETF (OVT) 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.
Overlay Shares Short Term Bond ETF (OVT) operates in the Financial Services sector, specifically the Asset Management - Bonds industry, with a market capitalization near $58.6M, listed on CBOE, carrying a beta of 0.70 to the broader market. The fund is an actively-managed ETF that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of short-term, investment grade, U. public since 2021-01-15.
Snapshot as of May 15, 2026.
- Spot Price
- $23.50
- ATM IV
- 29.6%
- HV 20-Day
- 57.1%
- HV 60-Day
- 32.7%
- IV Rank
- 19.6%
- IV Percentile
- 50.4%
As of May 15, 2026, Overlay Shares Short Term Bond ETF (OVT) ATM implied volatility is 29.6%. 20-day realized volatility is 57.1%, producing an IV-HV spread of -27.5 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 19.6%.
How OVT iv/hv history Data Feeds Strategy Selection
Strategy selection on Overlay Shares Short Term Bond 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 29.6% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. 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 OVT iv/hv history questions
- Is OVT options pricing rich or cheap right now?
- As of May 15, 2026, Overlay Shares Short Term Bond ETF (OVT) ATM IV is 29.6% against 20-day realized volatility of 57.1%. IV rank is 19.6%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the OVT 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. OVT is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does OVT 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. OVT's current rank of 19.6% 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.