Heron Therapeutics, Inc. (HRTX) 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.
Heron Therapeutics, Inc. (HRTX) operates in the Healthcare sector, specifically the Biotechnology industry, with a market capitalization near $144.4M, listed on NASDAQ, employing roughly 122 people, carrying a beta of 1.71 to the broader market. Heron Therapeutics, Inc. Led by Craig Alexander Collard, public since 1987-08-26.
Snapshot as of May 15, 2026.
- Spot Price
- $0.85
- ATM IV
- 168.4%
- IV Skew 25Δ
- 0.011
- IV Rank
- 33.9%
- IV Percentile
- 70.2%
- Term Structure Slope
- 0.706
As of May 15, 2026, Heron Therapeutics, Inc. (HRTX) at-the-money implied volatility is 168.4%. IV rank is 33.9% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 70.2%. The 25-delta skew is +0.011: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
HRTX Strategy Selection at Current Volatility Levels
For Heron Therapeutics, Inc. options at 168.4% ATM IV, mid-range IV rank (33.9%) 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. 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.
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Frequently asked HRTX volatility skew questions
- What is the current HRTX ATM implied volatility?
- As of May 15, 2026, Heron Therapeutics, Inc. (HRTX) at-the-money implied volatility is 168.4%. IV rank is 33.9% 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 HRTX 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 HRTX volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Heron Therapeutics, 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.