CONMED Corporation (CNMD) 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.
CONMED Corporation (CNMD) operates in the Healthcare sector, specifically the Medical - Devices industry, with a market capitalization near $1.07B, listed on NYSE, employing roughly 3,900 people, carrying a beta of 0.94 to the broader market. CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for surgical procedures worldwide. Led by Patrick J. Beyer, public since 1987-07-23.
Snapshot as of May 15, 2026.
- Spot Price
- $35.54
- ATM IV
- 55.2%
- IV Skew 25Δ
- -0.197
- IV Rank
- 49.8%
- IV Percentile
- 75.4%
- Term Structure Slope
- -0.029
As of May 15, 2026, CONMED Corporation (CNMD) at-the-money implied volatility is 55.2%. IV rank is 49.8% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 75.4%. The 25-delta skew is -0.197: puts carry meaningful premium over calls, a classic equity downside-protection skew. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
CNMD Strategy Selection at Current Volatility Levels
For CONMED Corporation options at 55.2% ATM IV, mid-range IV rank (49.8%) 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 is meaningfully put-skewed, so put-credit spreads capture more premium for the same width than call-credit spreads. 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.
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Frequently asked CNMD volatility skew questions
- What is the current CNMD ATM implied volatility?
- As of May 15, 2026, CONMED Corporation (CNMD) at-the-money implied volatility is 55.2%. IV rank is 49.8% 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 CNMD 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 CNMD volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. CONMED Corporation carries the typical equity downside-protection skew: 25-delta puts price meaningfully richer than 25-delta calls. 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.