First Commonwealth Financial Corporation (FCF) 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.
First Commonwealth Financial Corporation (FCF) operates in the Financial Services sector, specifically the Banks - Regional industry, with a market capitalization near $1.84B, listed on NYSE, employing roughly 1,538 people, carrying a beta of 0.74 to the broader market. First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking services in the United States. Led by Thomas Michael Price, public since 1992-06-10.
Snapshot as of May 15, 2026.
- Spot Price
- $18.10
- ATM IV
- 366.3%
- HV 20-Day
- 17.3%
- HV 60-Day
- 20.7%
- IV Rank
- 100.0%
- IV Percentile
- 100.0%
As of May 15, 2026, First Commonwealth Financial Corporation (FCF) ATM implied volatility is 366.3%. 20-day realized volatility is 17.3%, producing an IV-HV spread of +349.0 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 100.0%.
How FCF iv/hv history Data Feeds Strategy Selection
Strategy selection on First Commonwealth Financial Corporation 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 366.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. 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 →
Frequently asked FCF iv/hv history questions
- Is FCF options pricing rich or cheap right now?
- As of May 15, 2026, First Commonwealth Financial Corporation (FCF) ATM IV is 366.3% against 20-day realized volatility of 17.3%. IV rank is 100.0%. FCF options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 349.0 vol points.
- What is the FCF 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. FCF 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 FCF 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. FCF's current rank of 100.0% 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.