Horizon Kinetics SPAC Active ETF (SPAQ) 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.

Horizon Kinetics SPAC Active ETF (SPAQ) operates in the Financial Services sector, specifically the Shell Companies industry, with a market capitalization near $9.9M, listed on NASDAQ, carrying a beta of 0.03 to the broader market. The Horizon Kinetics SPAC Active ETF seeks to generate realized capital gains on a risk-adjusted basis by investing in special purpose acquisition companies believed to generate net realized capital gains. Led by Geoffrey D. Strong, public since 2023-01-30.

Volatility skew analysis compares implied volatility across strikes and expirations. No recent options activity for SPAQ as of 2026-06-02; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.

Learn how volatility skew is reported and how to read the data →