ProShares - UltraShort Consumer Discretionary (SCC) 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 - UltraShort Consumer Discretionary (SCC) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $2.0M, listed on AMEX, carrying a beta of -2.25 to the broader market. ProShares UltraShort Consumer Discretionary seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Discretionary Select SectorSM Index. public since 2007-02-02.
Snapshot as of May 15, 2026.
- Spot Price
- $14.88
- ATM IV
- 109.7%
- IV Skew 25Δ
- 0.012
- IV Rank
- 31.4%
- IV Percentile
- 71.4%
- Term Structure Slope
- -0.413
As of May 15, 2026, ProShares - UltraShort Consumer Discretionary (SCC) at-the-money implied volatility is 109.7%. IV rank is 31.4% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 71.4%. The 25-delta skew is +0.012: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
SCC Strategy Selection at Current Volatility Levels
For ProShares - UltraShort Consumer Discretionary options at 109.7% ATM IV, mid-range IV rank (31.4%) 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. 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 SCC volatility skew questions
- What is the current SCC ATM implied volatility?
- As of May 15, 2026, ProShares - UltraShort Consumer Discretionary (SCC) at-the-money implied volatility is 109.7%. IV rank is 31.4% 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 SCC IV high or low historically?
- IV is near its 1-year median, a regime where strategy choice depends on directional conviction and event calendar rather than vol regime.
- What does SCC volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. ProShares - UltraShort Consumer Discretionary skew is roughly flat across the 25-delta wings. 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.