CNH Industrial N.V. (CNH) 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.
CNH Industrial N.V. (CNH) operates in the Industrials sector, specifically the Agricultural - Machinery industry, with a market capitalization near $13.34B, listed on NYSE, employing roughly 35,850 people, carrying a beta of 1.25 to the broader market. CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. Led by Gerrit Andreas Marx, public since 1996-11-01.
Snapshot as of May 15, 2026.
- Spot Price
- $10.41
- ATM IV
- 388.5%
- IV Skew 25Δ
- 0.369
- IV Rank
- 77.4%
- IV Percentile
- 99.2%
- Term Structure Slope
- -3.473
As of May 15, 2026, CNH Industrial N.V. (CNH) at-the-money implied volatility is 388.5%. IV rank is 77.4% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 99.2%. The 25-delta skew is +0.369: 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.
CNH Strategy Selection at Current Volatility Levels
For CNH Industrial N.V. options at 388.5% ATM IV, high IV rank (77.4%) favors premium-selling structures: credit spreads, iron condors, covered calls, cash-secured puts. The risk: a continued vol expansion through high-rank levels is rare but expensive when it happens. 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 →
CNH highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $10.00 | Jun 18, 2026 | 0 | 154 | 388.5% | $0.60 | $0.75 |
| PUT | $10.00 | Jun 18, 2026 | 101 | 4.7K | 388.5% | $0.25 | $0.35 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked CNH volatility skew questions
- What is the current CNH ATM implied volatility?
- As of May 15, 2026, CNH Industrial N.V. (CNH) at-the-money implied volatility is 388.5%. IV rank is 77.4% 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 CNH IV high or low historically?
- IV is elevated relative to its 1-year history, conditions that typically favor premium-selling strategies (credit spreads, iron condors, covered calls).
- What does CNH volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. CNH Industrial N.V. 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.