Gladstone Investment Corporation (GAIN) 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.
Gladstone Investment Corporation (GAIN) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $626.8M, listed on NASDAQ, employing roughly 70 people, carrying a beta of 0.79 to the broader market. Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. Led by David A. R. Dullum, public since 2005-06-23.
Snapshot as of May 15, 2026.
- Spot Price
- $16.49
- ATM IV
- 7.4%
- HV 20-Day
- 38.7%
- HV 60-Day
- 28.5%
- IV Rank
- 0.0%
- IV Percentile
- 0.0%
As of May 15, 2026, Gladstone Investment Corporation (GAIN) ATM implied volatility is 7.4%. 20-day realized volatility is 38.7%, producing an IV-HV spread of -31.3 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 0.0%.
How GAIN iv/hv history Data Feeds Strategy Selection
Strategy selection on Gladstone Investment 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 7.4% 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 GAIN iv/hv history questions
- Is GAIN options pricing rich or cheap right now?
- As of May 15, 2026, Gladstone Investment Corporation (GAIN) ATM IV is 7.4% against 20-day realized volatility of 38.7%. IV rank is 0.0%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the GAIN 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. GAIN is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does GAIN 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. GAIN's current rank of 0.0% 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.