Cambria Shareholder Yield ETF (SYLD) 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.
Cambria Shareholder Yield ETF (SYLD) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $953.4M, listed on CBOE, carrying a beta of 0.89 to the broader market. Cambria Shareholder Yield ETF focuses on high-cash distribution companies that are returning their cash to investors through three attributes - dividends, buybacks and debt paydown - collectively known as shareholder yield. public since 2013-05-14.
Snapshot as of May 15, 2026.
- Spot Price
- $77.13
- ATM IV
- 19.4%
- IV Skew 25Δ
- 0.008
- IV Rank
- 22.8%
- IV Percentile
- 19.8%
- Term Structure Slope
- -0.024
As of May 15, 2026, Cambria Shareholder Yield ETF (SYLD) at-the-money implied volatility is 19.4%. IV rank is 22.8% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 19.8%. The 25-delta skew is +0.008: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
SYLD Strategy Selection at Current Volatility Levels
For Cambria Shareholder Yield ETF options at 19.4% ATM IV, low IV rank (22.8%) favors premium-buying or long-vol structures: long calls or puts, debit spreads, calendar spreads, long straddles. The risk: low-rank regimes can persist for months while time decay eats premium-buyers alive. 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 SYLD volatility skew questions
- What is the current SYLD ATM implied volatility?
- As of May 15, 2026, Cambria Shareholder Yield ETF (SYLD) at-the-money implied volatility is 19.4%. IV rank is 22.8% 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 SYLD IV high or low historically?
- IV is subdued relative to its 1-year history, conditions that typically favor premium-buying strategies (long calls, long puts, debit spreads, calendar spreads).
- What does SYLD volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Cambria Shareholder Yield ETF 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.