Is UFOX options pricing rich or cheap right now?

As of May 29, 2026, Defiance Connective Technologies ETF (UFOX) ATM IV is 33.3% against 20-day realized volatility of 83.5%. IV rank is 55.9%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.

What is the UFOX variance risk premium?

The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. UFOX is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.

What does UFOX IV rank mean for strategy selection?

IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. UFOX's current rank of 55.9% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.

Defiance Connective Technologies ETF (UFOX) IV/HV History

Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.

Defiance Connective Technologies ETF (UFOX) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $922.4M, listed on NASDAQ, carrying a beta of 1.27 to the broader market. SIXG focuses on US-listed equities tied to the development and deployment of connective technologies, such as 5G or 6G networks. public since 2019-03-05.

Snapshot as of May 29, 2026.

Spot Price: $102.55
ATM IV: 33.3%
HV 20-Day: 83.5%
HV 60-Day: 55.3%
IV Rank: 55.9%
IV Percentile: 87.7%

As of May 29, 2026, Defiance Connective Technologies ETF (UFOX) ATM implied volatility is 33.3%. 20-day realized volatility is 83.5%, producing an IV-HV spread of -50.2 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 55.9%.

How UFOX iv/hv history Data Feeds Strategy Selection

Strategy selection on Defiance Connective Technologies ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 33.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the UFOX IV vs HV chart

The dual-line chart above tracks ATM implied volatility (forward-looking, what the chain is pricing) against 20-day realized historical volatility (backward-looking, what actually happened). ATM IV currently prints at 33.3%, 55.9% IV rank, against 83.5% realized over the trailing 20 trading days. Implied is currently below realized by 50.2 vol points, an inverted regime where premium buyers are underpaying for the move - rare and often a setup for IV expansion. Persistent IV-above-HV is the variance-risk-premium-positive state typical of equity markets; persistent IV-below-HV is rare and usually marks underpriced vol that often expands.

UFOX IV/HV regimes and trade selection

UFOX IV rank at 55.9% sits mid-range - no structural edge from rank alone. Strategy choice should follow event calendar and the dealer-positioning read.

Using UFOX vol history alongside the term structure

The IV/HV gap on this page captures the level of premium; the term-structure slope on the volatility page captures its shape across expirations. Term structure is roughly flat at 0.015, no strong near vs far premium being priced. Pair the rank read with the slope read with the event calendar to choose the right tenor for the structure.

UFOX IV/HV signal in volatility-cycle context

Equity-vol cycles tend to compress and expand on multi-month timeframes: a typical sequence runs low-IV-rank consolidation (months of flat tape, decaying premium) into a vol-expansion catalyst (earnings miss, macro shock, regime change) into elevated-IV-rank stress (premiums fat, dispersion high) back to mean-reverting compression. UFOX's 55.9% IV rank places the ticker in the mid-range of its 1-year window - no strong cycle-position signal. The ratio of HV-20 (83.5%) to HV-60 (55.3%) gives a second cycle indicator: when 20-day exceeds 60-day, recent realization is running hotter than the trailing-quarter average - typically a sign that recent days have already started expanding vol regardless of where IV rank prints. Use the time series above to spot inflection points: meaningful IV/HV gap closures and openings tend to precede regime shifts by a few sessions.

Learn how implied vs realized volatility is reported and how to read the data →

Daily ATM implied volatility and 20-day realized (historical) volatility for UFOX over the last ~23 trading days. The IV-HV gap measures the variance risk premium - when IV trades persistently above realized HV, premium-sellers earn the spread; when IV dips below HV, vol is structurally underpriced.

Daily values from end-of-day option_ticker_snapshots. Series sparse on illiquid tickers reflects gaps in the upstream end-of-day options data feed.

Most recent 15 trading days (descending). Older history appears in the chart above.

Date	ATM IV	HV 20d	HV 60d	IV Rank
May 29, 2026	33.3%	83.5%	55.3%	55.9%
May 28, 2026	35.7%	83.2%	55.4%	62.8%
May 27, 2026	36.3%	83.1%	55.7%	64.6%
Apr 29, 2026	30.9%	25.0%	30.2%	48.9%
Apr 28, 2026	29.6%	28.1%	29.9%	45.1%
Apr 27, 2026	32.5%	29.0%	29.6%	53.5%
Apr 24, 2026	31.7%	31.5%	29.7%	51.2%
Apr 23, 2026	29.3%	34.1%	29.4%	44.2%
Apr 22, 2026	30.5%	33.8%	29.3%	47.7%
Apr 21, 2026	28.0%	34.2%	29.3%	40.4%
Apr 20, 2026	27.0%	34.8%	29.3%	37.5%
Apr 17, 2026	24.2%	38.3%	29.4%	29.4%
Apr 16, 2026	24.5%	38.5%	29.3%	30.2%
Apr 15, 2026	29.2%	37.1%	29.2%	43.9%
Apr 14, 2026	29.6%	37.1%	29.1%	42.1%

Frequently asked UFOX iv/hv history questions

Is UFOX options pricing rich or cheap right now?: As of May 29, 2026, Defiance Connective Technologies ETF (UFOX) ATM IV is 33.3% against 20-day realized volatility of 83.5%. IV rank is 55.9%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
What is the UFOX variance risk premium?: The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. UFOX is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
What does UFOX IV rank mean for strategy selection?: IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. UFOX's current rank of 55.9% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.