Ligand Pharmaceuticals Incorporated (LGND) 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.
Ligand Pharmaceuticals Incorporated (LGND) operates in the Healthcare sector, specifically the Biotechnology industry, with a market capitalization near $4.43B, listed on NASDAQ, employing roughly 68 people, carrying a beta of 1.07 to the broader market. Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, focuses on developing or acquiring technologies that help pharmaceutical companies to discover and develop medicines worldwide. Led by Todd C. Davis, public since 1992-11-18.
Snapshot as of May 15, 2026.
- Spot Price
- $215.00
- ATM IV
- 39.4%
- HV 20-Day
- 47.7%
- HV 60-Day
- 48.6%
- IV Rank
- 17.9%
- IV Percentile
- 61.5%
As of May 15, 2026, Ligand Pharmaceuticals Incorporated (LGND) ATM implied volatility is 39.4%. 20-day realized volatility is 47.7%, producing an IV-HV spread of -8.3 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 17.9%.
How LGND iv/hv history Data Feeds Strategy Selection
Strategy selection on Ligand Pharmaceuticals Incorporated 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 39.4% 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 LGND iv/hv history questions
- Is LGND options pricing rich or cheap right now?
- As of May 15, 2026, Ligand Pharmaceuticals Incorporated (LGND) ATM IV is 39.4% against 20-day realized volatility of 47.7%. IV rank is 17.9%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the LGND 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. LGND 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 LGND 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. LGND's current rank of 17.9% 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.