State Street SPDR S&P 500 ETF Trust (SPY) 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.

Snapshot as of Apr 2, 2026.

Spot Price

$654.25

ATM IV

21.1%

IV Skew 25Δ

0.09