Apollo Commercial Real Estate Finance, Inc. (ARI) 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.
Apollo Commercial Real Estate Finance, Inc. (ARI) operates in the Real Estate sector, specifically the REIT - Mortgage industry, with a market capitalization near $1.45B, listed on NYSE, carrying a beta of 1.42 to the broader market. Apollo Commercial Real Estate Finance, Inc. Led by Stuart A. Rothstein, public since 2009-09-24.
Snapshot as of May 15, 2026.
- Spot Price
- $10.87
- ATM IV
- 13.7%
- HV 20-Day
- 15.8%
- HV 60-Day
- 18.6%
- IV Rank
- 1.2%
- IV Percentile
- 6.0%
As of May 15, 2026, Apollo Commercial Real Estate Finance, Inc. (ARI) ATM implied volatility is 13.7%. 20-day realized volatility is 15.8%, producing an IV-HV spread of -2.1 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 1.2%.
How ARI iv/hv history Data Feeds Strategy Selection
Strategy selection on Apollo Commercial Real Estate Finance, Inc. 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 13.7% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. 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 →
ARI highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $10.00 | Dec 18, 2026 | 0 | 26.2K | 23.1% | $0.40 | $0.55 |
| PUT | $10.00 | Dec 18, 2026 | 0 | 26.2K | 23.1% | $0.40 | $0.55 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked ARI iv/hv history questions
- Is ARI options pricing rich or cheap right now?
- As of May 15, 2026, Apollo Commercial Real Estate Finance, Inc. (ARI) ATM IV is 13.7% against 20-day realized volatility of 15.8%. IV rank is 1.2%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the ARI 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. ARI 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 ARI 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. ARI's current rank of 1.2% 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.