HF Sinclair Corporation (DINO) 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.
HF Sinclair Corporation (DINO) operates in the Energy sector, specifically the Oil & Gas Refining & Marketing industry, with a market capitalization near $12.51B, listed on NYSE, employing roughly 5,297 people, carrying a beta of 0.71 to the broader market. HF Sinclair Corporation operates as an independent energy company. Led by Franklin Myers, public since 1980-03-17.
Snapshot as of May 15, 2026.
- Spot Price
- $69.84
- ATM IV
- 42.0%
- IV Skew 25Δ
- 0.026
- IV Rank
- 46.2%
- IV Percentile
- 77.4%
- Term Structure Slope
- -0.013
As of May 15, 2026, HF Sinclair Corporation (DINO) at-the-money implied volatility is 42.0%. IV rank is 46.2% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 77.4%. The 25-delta skew is +0.026: 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.
DINO Strategy Selection at Current Volatility Levels
For HF Sinclair Corporation options at 42.0% ATM IV, mid-range IV rank (46.2%) 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 →
DINO highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $90.00 | Sep 18, 2026 | 339 | 30.2K | 41.6% | $1.50 | $1.75 |
| PUT | $55.00 | Jan 15, 2027 | 4 | 28.6K | 44.7% | $2.80 | $3.90 |
| CALL | $90.00 | Sep 18, 2026 | 339 | 30.2K | 41.6% | $1.50 | $1.75 |
| PUT | $55.00 | Jan 15, 2027 | 4 | 28.6K | 44.7% | $2.80 | $3.90 |
| CALL | $72.50 | Jun 18, 2026 | 2.3K | 845 | 41.7% | $2.50 | $2.70 |
| CALL | $72.50 | Jun 18, 2026 | 2.3K | 845 | 41.7% | $2.50 | $2.70 |
Top 6 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked DINO volatility skew questions
- What is the current DINO ATM implied volatility?
- As of May 15, 2026, HF Sinclair Corporation (DINO) at-the-money implied volatility is 42.0%. IV rank is 46.2% 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 DINO 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 DINO volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. HF Sinclair Corporation 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.