First Commonwealth Financial Corporation (FCF) 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.
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%
- IV Skew 25Δ
- -0.015
- IV Rank
- 100.0%
- IV Percentile
- 100.0%
- Term Structure Slope
- -3.373
As of May 15, 2026, First Commonwealth Financial Corporation (FCF) at-the-money implied volatility is 366.3%. IV rank is 100.0% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 100.0%. The 25-delta skew is -0.015: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
FCF Strategy Selection at Current Volatility Levels
For First Commonwealth Financial Corporation options at 366.3% ATM IV, high IV rank (100.0%) 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. 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 →
Frequently asked FCF volatility skew questions
- What is the current FCF ATM implied volatility?
- As of May 15, 2026, First Commonwealth Financial Corporation (FCF) at-the-money implied volatility is 366.3%. IV rank is 100.0% 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 FCF 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 FCF volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. First Commonwealth Financial Corporation skew is roughly flat across the 25-delta wings. 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.