Astrana Health, Inc. (ASTH) 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.
Astrana Health, Inc. (ASTH) operates in the Healthcare sector, specifically the Medical - Care Facilities industry, with a market capitalization near $1.97B, listed on NASDAQ, employing roughly 1,900 people, carrying a beta of 0.99 to the broader market. Astrana Health, Inc. Led by Brandon K. Sim, public since 2009-03-11.
Snapshot as of May 15, 2026.
- Spot Price
- $38.06
- ATM IV
- 53.9%
- IV Skew 25Δ
- 0.162
- IV Rank
- 33.0%
- IV Percentile
- 22.6%
- Term Structure Slope
- -0.046
As of May 15, 2026, Astrana Health, Inc. (ASTH) at-the-money implied volatility is 53.9%. IV rank is 33.0% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 22.6%. The 25-delta skew is +0.162: calls carry premium over puts, indicating upside speculation or squeeze risk. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
ASTH Strategy Selection at Current Volatility Levels
For Astrana Health, Inc. options at 53.9% ATM IV, mid-range IV rank (33.0%) is the regime where directional conviction matters more than vol-regime positioning; strategy choice should follow the event calendar and the dealer-positioning view rather than IV rank alone. The 25-delta skew tilts to calls, so call-credit spreads or covered-call writes harvest more premium than put-credit spreads of the same width. 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 →
ASTH highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $40.00 | Jun 18, 2026 | 0 | 4.5K | 53.9% | $0.60 | $3.40 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked ASTH volatility skew questions
- What is the current ASTH ATM implied volatility?
- As of May 15, 2026, Astrana Health, Inc. (ASTH) at-the-money implied volatility is 53.9%. IV rank is 33.0% 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 ASTH IV high or low historically?
- IV is near its 1-year median, a regime where strategy choice depends on directional conviction and event calendar rather than vol regime.
- What does ASTH volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Astrana Health, Inc. shows upside-skewed pricing: 25-delta calls trade richer than 25-delta puts, often reflecting upside speculation or squeeze risk. 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.