Is MDT options pricing rich or cheap right now?

As of Aug 14, 2026, Medtronic plc (MDT) ATM IV is 29.6% against 20-day realized volatility of 19.6%. IV rank is 72.0%. MDT options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 10.0 vol points.

What is the MDT 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. MDT is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.

What does MDT 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. MDT's current rank of 72.0% 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.

Medtronic plc (MDT) 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.

Medtronic plc (MDT) operates in the Healthcare sector, specifically the Medical - Devices industry, with a market capitalization near $116.83B, listed on NYSE, employing roughly 95,000 people, carrying a beta of 0.57 to the broader market. Medtronic plc is a leading global medical technology enterprise that invents, develops, manufactures, and distributes an extensive range of device-based medical therapies. Led by Geoffrey Straub Martha, public since 1973-05-02.

Snapshot as of Aug 14, 2026.

Spot Price: $91.37
ATM IV: 29.6%
HV 20-Day: 19.6%
HV 60-Day: 29.7%
IV Rank: 72.0%
IV Percentile: 89.7%

As of Aug 14, 2026, Medtronic plc (MDT) ATM implied volatility is 29.6%. 20-day realized volatility is 19.6%, producing an IV-HV spread of +10.0 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 72.0%.

How MDT iv/hv history Data Feeds Strategy Selection

Strategy selection on Medtronic plc 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 29.6% 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.

How to read the MDT IV vs HV chart

The dual-line chart above tracks ATM implied volatility (forward-looking, what the chain is pricing) against 20-day realized historical volatility (backward-looking, what actually happened). ATM IV currently prints at 29.6%, 72.0% IV rank, against 19.6% realized over the trailing 20 trading days. Implied is pricing above realized by 10.0 vol points, the typical variance-risk-premium positive state in which premium sellers earn the gap. Persistent IV-above-HV is the variance-risk-premium-positive state typical of equity markets; persistent IV-below-HV is rare and usually marks underpriced vol that often expands.

MDT IV/HV regimes and trade selection

MDT sits in the top quartile of its 1-year IV range. High-IV-rank regimes statistically favor premium-selling - the elevated implied is more likely to mean-revert than to expand further. Iron condors, covered calls, and cash-secured puts collect more premium per unit of notional risk; size wings to the implied move and exit on first sign of HV catching up.

Using MDT vol history alongside the term structure

The IV/HV gap on this page captures the level of premium; the term-structure slope on the volatility page captures its shape across expirations. Term structure is roughly flat at -0.009, no strong near vs far premium being priced. Pair the rank read with the slope read with the event calendar to choose the right tenor for the structure.

MDT IV/HV signal in volatility-cycle context

Equity-vol cycles tend to compress and expand on multi-month timeframes: a typical sequence runs low-IV-rank consolidation (months of flat tape, decaying premium) into a vol-expansion catalyst (earnings miss, macro shock, regime change) into elevated-IV-rank stress (premiums fat, dispersion high) back to mean-reverting compression. MDT's current 72.0% IV rank places the ticker in the expansion or stress phase of that cycle. Premium-selling carries the typical structural tailwind here, but the mean-reverting compression that completes the cycle has historically arrived sharply rather than gradually. The ratio of HV-20 (19.6%) to HV-60 (29.7%) gives a second cycle indicator: when 20-day exceeds 60-day, recent realization is running hotter than the trailing-quarter average - typically a sign that recent days have already started expanding vol regardless of where IV rank prints. Use the time series above to spot inflection points: meaningful IV/HV gap closures and openings tend to precede regime shifts by a few sessions.

Learn how implied vs realized volatility is reported and how to read the data →

Daily ATM implied volatility and 20-day realized (historical) volatility for MDT over the last ~32 trading days. The IV-HV gap measures the variance risk premium - when IV trades persistently above realized HV, premium-sellers earn the spread; when IV dips below HV, vol is structurally underpriced.

Daily values from end-of-day option_ticker_snapshots. Series sparse on illiquid tickers reflects gaps in the upstream end-of-day options data feed.

Most recent 15 trading days (descending). Older history appears in the chart above.

Date	ATM IV	HV 20d	HV 60d	IV Rank
Aug 14, 2026	29.6%	19.6%	29.7%	72.0%
Aug 13, 2026	30.6%	19.7%	29.8%	77.2%
Aug 12, 2026	31.3%	22.4%	29.8%	80.8%
Aug 11, 2026	31.5%	22.5%	29.9%	81.7%
Aug 10, 2026	29.8%	30.3%	29.8%	73.2%
Aug 7, 2026	30.8%	29.2%	29.5%	78.2%
Aug 6, 2026	32.1%	29.3%	30.0%	84.9%
Aug 5, 2026	33.7%	29.3%	30.3%	93.3%
Aug 4, 2026	32.9%	30.8%	30.8%	89.0%
Aug 3, 2026	31.4%	30.7%	30.7%	81.4%
Jul 31, 2026	28.3%	30.6%	30.7%	65.4%
Jul 30, 2026	27.3%	34.2%	30.7%	59.8%
Jul 29, 2026	26.5%	33.3%	30.9%	55.9%
Jul 28, 2026	26.6%	35.4%	31.0%	56.5%
Jul 27, 2026	26.7%	33.7%	30.4%	57.0%

Frequently asked MDT iv/hv history questions

Is MDT options pricing rich or cheap right now?: As of Aug 14, 2026, Medtronic plc (MDT) ATM IV is 29.6% against 20-day realized volatility of 19.6%. IV rank is 72.0%. MDT options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 10.0 vol points.
What is the MDT 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. MDT is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
What does MDT 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. MDT's current rank of 72.0% 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.