Chewy, Inc. (CHWY) 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.
Chewy, Inc. (CHWY) operates in the Consumer Cyclical sector, specifically the Specialty Retail industry, with a market capitalization near $8.97B, listed on NYSE, employing roughly 18,000 people, carrying a beta of 1.50 to the broader market. Chewy, Inc. Led by Ryan Cohen, public since 2019-06-14.
Snapshot as of May 15, 2026.
- Spot Price
- $21.36
- ATM IV
- 71.7%
- HV 20-Day
- 48.1%
- HV 60-Day
- 52.5%
- IV Rank
- 93.9%
- IV Percentile
- 97.6%
As of May 15, 2026, Chewy, Inc. (CHWY) ATM implied volatility is 71.7%. 20-day realized volatility is 48.1%, producing an IV-HV spread of +23.6 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 93.9%.
How CHWY iv/hv history Data Feeds Strategy Selection
Strategy selection on Chewy, 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 71.7% 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 →
CHWY highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $12.50 | Jan 15, 2027 | 4.0K | 104 | 67.8% | $0.65 | $0.77 |
| PUT | $12.50 | Jan 15, 2027 | 4.0K | 104 | 67.8% | $0.65 | $0.77 |
| PUT | $12.50 | Nov 20, 2026 | 598 | 121 | 68.1% | $0.46 | $0.55 |
| CALL | $30.00 | Jan 21, 2028 | 699 | 144 | 55.5% | $4.00 | $4.35 |
| PUT | $19.00 | May 22, 2026 | 430 | 119 | 51.5% | $0.02 | $0.04 |
| CALL | $22.00 | May 22, 2026 | 1.3K | 461 | 54.3% | $0.31 | $0.48 |
| CALL | $22.50 | Jan 21, 2028 | 463 | 188 | 57.7% | $6.35 | $6.70 |
| CALL | $22.00 | May 22, 2026 | 1.3K | 461 | 54.3% | $0.31 | $0.48 |
Top 8 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked CHWY iv/hv history questions
- Is CHWY options pricing rich or cheap right now?
- As of May 15, 2026, Chewy, Inc. (CHWY) ATM IV is 71.7% against 20-day realized volatility of 48.1%. IV rank is 93.9%. CHWY options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 23.6 vol points.
- What is the CHWY 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. CHWY is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does CHWY 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. CHWY's current rank of 93.9% 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.