Tema Electrification ETF (VOLT) 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.

Tema Electrification ETF (VOLT) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $452.1M, listed on NASDAQ, carrying a beta of 1.23 to the broader market. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, common and preferred stocks of publicly listed companies that are directly or indirectly economically tied to global electrification. public since 2024-12-05.

Snapshot as of May 15, 2026.

Spot Price

$39.69

ATM IV

32.2%

IV Skew 25Δ

-0.101

IV Rank

2.5%

IV Percentile

4.4%

Term Structure Slope

-0.018

As of May 15, 2026, Tema Electrification ETF (VOLT) at-the-money implied volatility is 32.2%. IV rank is 2.5% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 4.4%. The 25-delta skew is -0.101: puts carry meaningful premium over calls, a classic equity downside-protection skew. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.

VOLT Strategy Selection at Current Volatility Levels

For Tema Electrification ETF options at 32.2% ATM IV, low IV rank (2.5%) 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. The 25-delta skew is meaningfully put-skewed, so put-credit spreads capture more premium for the same width than call-credit spreads. 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 VOLT volatility skew questions

What is the current VOLT ATM implied volatility?

As of May 15, 2026, Tema Electrification ETF (VOLT) at-the-money implied volatility is 32.2%. IV rank is 2.5% 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 VOLT 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 VOLT volatility skew tell options traders?

Volatility skew is the pattern by which IV varies across strikes for a given expiration. Tema Electrification ETF carries the typical equity downside-protection skew: 25-delta puts price meaningfully richer than 25-delta calls. 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.