APA Corporation (APA) 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.
APA Corporation (APA) operates in the Energy sector, specifically the Oil & Gas Exploration & Production industry, with a market capitalization near $13.07B, listed on NASDAQ, employing roughly 1,791 people, carrying a beta of 0.37 to the broader market. APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. Led by John J. Christmann, public since 1979-05-15.
Snapshot as of May 15, 2026.
- Spot Price
- $38.92
- ATM IV
- 50.0%
- HV 20-Day
- 52.0%
- HV 60-Day
- 50.5%
- IV Rank
- 49.4%
- IV Percentile
- 72.6%
As of May 15, 2026, APA Corporation (APA) ATM implied volatility is 50.0%. 20-day realized volatility is 52.0%, producing an IV-HV spread of -2.0 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 49.4%.
How APA iv/hv history Data Feeds Strategy Selection
Strategy selection on APA Corporation 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 50.0% 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.
Learn how implied vs realized volatility is reported and how to read the data →
APA highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $40.00 | May 29, 2026 | 4.6K | 388 | 49.2% | $0.93 | $1.09 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked APA iv/hv history questions
- Is APA options pricing rich or cheap right now?
- As of May 15, 2026, APA Corporation (APA) ATM IV is 50.0% against 20-day realized volatility of 52.0%. IV rank is 49.4%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the APA 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. APA 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 APA 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. APA's current rank of 49.4% 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.