ProShares - UltraShort Bloomberg Crude Oil (SCO) 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 Bloomberg Crude Oil (SCO) operates in the Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $57.0M, listed on AMEX, carrying a beta of -2.43 to the broader market. ProShares UltraShort Bloomberg Crude Oil seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. public since 2008-11-25.
Snapshot as of May 15, 2026.
- Spot Price
- $6.05
- ATM IV
- 93.8%
- IV Skew 25Δ
- -0.020
- IV Rank
- 37.2%
- IV Percentile
- 84.1%
- Term Structure Slope
- -0.023
As of May 15, 2026, ProShares - UltraShort Bloomberg Crude Oil (SCO) at-the-money implied volatility is 93.8%. IV rank is 37.2% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 84.1%. The 25-delta skew is -0.020: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
SCO Strategy Selection at Current Volatility Levels
For ProShares - UltraShort Bloomberg Crude Oil options at 93.8% ATM IV, mid-range IV rank (37.2%) 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 SCO volatility skew questions
- What is the current SCO ATM implied volatility?
- As of May 15, 2026, ProShares - UltraShort Bloomberg Crude Oil (SCO) at-the-money implied volatility is 93.8%. IV rank is 37.2% 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 SCO 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 SCO volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. ProShares - UltraShort Bloomberg Crude Oil 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.