Ormat Technologies, Inc. (ORA) 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.
Ormat Technologies, Inc. (ORA) operates in the Utilities sector, specifically the Renewable Utilities industry, with a market capitalization near $8.20B, listed on NYSE, employing roughly 1,512 people, carrying a beta of 0.80 to the broader market. Ormat Technologies, Inc. Led by Doron Blachar, public since 2004-11-11.
Snapshot as of May 15, 2026.
- Spot Price
- $132.15
- ATM IV
- 35.7%
- IV Skew 25Δ
- 0.001
- IV Rank
- 47.1%
- IV Percentile
- 65.9%
- Term Structure Slope
- -0.008
As of May 15, 2026, Ormat Technologies, Inc. (ORA) at-the-money implied volatility is 35.7%. IV rank is 47.1% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 65.9%. The 25-delta skew is +0.001: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
ORA Strategy Selection at Current Volatility Levels
For Ormat Technologies, Inc. options at 35.7% ATM IV, mid-range IV rank (47.1%) 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.
Learn how volatility skew is reported and how to read the data →
ORA highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $140.00 | Jun 18, 2026 | 943 | 332 | 36.2% | $2.50 | $3.50 |
| PUT | $105.00 | Dec 18, 2026 | 0 | 8.3K | 41.0% | $4.00 | $5.50 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked ORA volatility skew questions
- What is the current ORA ATM implied volatility?
- As of May 15, 2026, Ormat Technologies, Inc. (ORA) at-the-money implied volatility is 35.7%. IV rank is 47.1% 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 ORA 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 ORA volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Ormat Technologies, 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.