ETC Cabana Target Drawdown 10 ETF (TDSC) 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.
ETC Cabana Target Drawdown 10 ETF (TDSC) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $102.6M, listed on NASDAQ, carrying a beta of 0.74 to the broader market. The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective with limited volatility and reduced correlation to the overall performance of the equity markets by allocating its assets among the following five major asset classes – equities, fixed income securities, real estate, currencies, and commodities. public since 2020-09-17.
Snapshot as of May 15, 2026.
- Spot Price
- $27.48
- ATM IV
- 25.0%
- IV Skew 25Δ
- 0.014
- IV Rank
- 21.6%
- IV Percentile
- 28.6%
- Term Structure Slope
- -0.032
As of May 15, 2026, ETC Cabana Target Drawdown 10 ETF (TDSC) at-the-money implied volatility is 25.0%. IV rank is 21.6% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 28.6%. The 25-delta skew is +0.014: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
TDSC Strategy Selection at Current Volatility Levels
For ETC Cabana Target Drawdown 10 ETF options at 25.0% ATM IV, low IV rank (21.6%) 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 TDSC volatility skew questions
- What is the current TDSC ATM implied volatility?
- As of May 15, 2026, ETC Cabana Target Drawdown 10 ETF (TDSC) at-the-money implied volatility is 25.0%. IV rank is 21.6% 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 TDSC 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 TDSC volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. ETC Cabana Target Drawdown 10 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.