What is the current AES ATM implied volatility?

As of May 15, 2026, The AES Corporation (AES) at-the-money implied volatility is 7.7%. IV rank is 0.9% 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 AES 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 AES volatility skew tell options traders?

Volatility skew is the pattern by which IV varies across strikes for a given expiration. The AES Corporation 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.

The AES Corporation (AES) 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.

The AES Corporation (AES) operates in the Utilities sector, specifically the Diversified Utilities industry, with a market capitalization near $10.29B, listed on NYSE, employing roughly 9,100 people, carrying a beta of 0.96 to the broader market. The AES Corporation operates as a diversified power generation and utility company. Led by Andres Ricardo Gluski Weilert, public since 1991-06-26.

Snapshot as of May 15, 2026.

Spot Price: $14.48
ATM IV: 7.7%
IV Skew 25Δ: -0.009
IV Rank: 0.9%
IV Percentile: 1.2%
Term Structure Slope: 0.005

As of May 15, 2026, The AES Corporation (AES) at-the-money implied volatility is 7.7%. IV rank is 0.9% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 1.2%. The 25-delta skew is -0.009: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.

AES Strategy Selection at Current Volatility Levels

For The AES Corporation options at 7.7% ATM IV, low IV rank (0.9%) 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 →

AES highest implied-volatility contracts

Type	Strike	Expiration	Volume	OI	IV	Bid	Ask
CALL	$15.00	Jul 17, 2026	524	387	714.3%	$0.09	$0.12
PUT	$15.00	Jun 16, 2028	0	125	662.7%	$0.75	$1.15
CALL	$14.50	May 22, 2026	20	1.3K	559.0%	$0.05	$0.08
PUT	$14.50	May 22, 2026	0	705	559.0%	$0.05	$0.15
CALL	$15.00	Jun 26, 2026	19	438	233.6%	$0.05	$0.11

Top 5 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.

Frequently asked AES volatility skew questions

What is the current AES ATM implied volatility?: As of May 15, 2026, The AES Corporation (AES) at-the-money implied volatility is 7.7%. IV rank is 0.9% 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 AES 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 AES volatility skew tell options traders?: Volatility skew is the pattern by which IV varies across strikes for a given expiration. The AES Corporation 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.