O-I Glass, Inc. (OI) 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.

O-I Glass, Inc. (OI) operates in the Consumer Cyclical sector, specifically the Packaging & Containers industry, with a market capitalization near $1.38B, listed on NYSE, employing roughly 21,000 people, carrying a beta of 0.65 to the broader market. O-I Glass, Inc. Led by Gordon J. Hardie, public since 1991-12-11.

Snapshot as of May 15, 2026.

Spot Price

$8.37

ATM IV

65.6%

IV Skew 25Δ

0.088

IV Rank

90.6%

IV Percentile

98.0%

Term Structure Slope

-0.048

As of May 15, 2026, O-I Glass, Inc. (OI) at-the-money implied volatility is 65.6%. IV rank is 90.6% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 98.0%. The 25-delta skew is +0.088: calls carry premium over puts, indicating upside speculation or squeeze risk. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.

OI Strategy Selection at Current Volatility Levels

For O-I Glass, Inc. options at 65.6% ATM IV, high IV rank (90.6%) favors premium-selling structures: credit spreads, iron condors, covered calls, cash-secured puts. The risk: a continued vol expansion through high-rank levels is rare but expensive when it happens. The 25-delta skew tilts to calls, so call-credit spreads or covered-call writes harvest more premium than put-credit spreads of the same width. 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 →

OI highest implied-volatility contracts

Top 1 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.

Frequently asked OI volatility skew questions

What is the current OI ATM implied volatility?

As of May 15, 2026, O-I Glass, Inc. (OI) at-the-money implied volatility is 65.6%. IV rank is 90.6% 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 OI IV high or low historically?

IV is elevated relative to its 1-year history, conditions that typically favor premium-selling strategies (credit spreads, iron condors, covered calls).

What does OI volatility skew tell options traders?

Volatility skew is the pattern by which IV varies across strikes for a given expiration. O-I Glass, Inc. shows upside-skewed pricing: 25-delta calls trade richer than 25-delta puts, often reflecting upside speculation or squeeze risk. 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.