ProShares - Ultra Technology (ROM) 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.
ProShares - Ultra Technology (ROM) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $806.5M, listed on AMEX, carrying a beta of 2.79 to the broader market. ProShares Ultra Technology seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Technology Select SectorSM Index. public since 2007-02-01.
Snapshot as of May 15, 2026.
- Spot Price
- $136.94
- ATM IV
- 61.5%
- IV Skew 25Δ
- 0.140
- IV Rank
- 71.1%
- IV Percentile
- 92.5%
- Term Structure Slope
- -0.026
As of May 15, 2026, ProShares - Ultra Technology (ROM) at-the-money implied volatility is 61.5%. IV rank is 71.1% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 92.5%. The 25-delta skew is +0.140: 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.
ROM Strategy Selection at Current Volatility Levels
For ProShares - Ultra Technology options at 61.5% ATM IV, high IV rank (71.1%) favors premium-selling structures: credit spreads, iron condors, covered calls, cash-secured puts. The risk: a continued vol expansion through high-rank levels is rare but expensive when it happens. 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 ROM volatility skew questions
- What is the current ROM ATM implied volatility?
- As of May 15, 2026, ProShares - Ultra Technology (ROM) at-the-money implied volatility is 61.5%. IV rank is 71.1% on a 0-100% scale anchored to the 1-year IV range. ATM IV is the volatility input that makes a Black-Scholes-equivalent model reproduce the listed at-the-money option prices.
- Is ROM IV high or low historically?
- IV is elevated relative to its 1-year history, conditions that typically favor premium-selling strategies (credit spreads, iron condors, covered calls).
- What does ROM volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. ProShares - Ultra Technology 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.