Gaming and Leisure Properties, Inc. (GLPI) 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.
Gaming and Leisure Properties, Inc. (GLPI) operates in the Real Estate sector, specifically the REIT - Specialty industry, with a market capitalization near $13.30B, listed on NASDAQ, employing roughly 19 people, carrying a beta of 0.71 to the broader market. Gaming & Leisure Properties, Inc. Led by Peter Carlino, public since 2013-10-14.
Snapshot as of May 15, 2026.
- Spot Price
- $46.47
- ATM IV
- 21.9%
- IV Skew 25Δ
- 0.017
- IV Rank
- 3.0%
- IV Percentile
- 81.0%
- Term Structure Slope
- -0.043
As of May 15, 2026, Gaming and Leisure Properties, Inc. (GLPI) at-the-money implied volatility is 21.9%. IV rank is 3.0% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 81.0%. The 25-delta skew is +0.017: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
GLPI Strategy Selection at Current Volatility Levels
For Gaming and Leisure Properties, Inc. options at 21.9% ATM IV, low IV rank (3.0%) favors premium-buying or long-vol structures: long calls or puts, debit spreads, calendar spreads, long straddles. The risk: low-rank regimes can persist for months while time decay eats premium-buyers alive. 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 →
GLPI highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $45.00 | Jun 18, 2026 | 1 | 4.9K | 21.5% | $0.65 | $1.10 |
| CALL | $47.50 | Jul 17, 2026 | 0 | 3.7K | 17.6% | $0.75 | $1.00 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked GLPI volatility skew questions
- What is the current GLPI ATM implied volatility?
- As of May 15, 2026, Gaming and Leisure Properties, Inc. (GLPI) at-the-money implied volatility is 21.9%. IV rank is 3.0% 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 GLPI IV high or low historically?
- IV is subdued relative to its 1-year history, conditions that typically favor premium-buying strategies (long calls, long puts, debit spreads, calendar spreads).
- What does GLPI volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Gaming and Leisure Properties, Inc. 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.