UiPath Inc. (PATH) 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.
UiPath Inc. (PATH) operates in the Technology sector, specifically the Software - Infrastructure industry, with a market capitalization near $5.10B, listed on NYSE, employing roughly 3,868 people, carrying a beta of 0.91 to the broader market. UiPath Inc. Led by Daniel Solomon Dines, public since 2021-04-21.
Snapshot as of May 15, 2026.
- Spot Price
- $10.38
- ATM IV
- 95.9%
- IV Skew 25Δ
- -0.104
- IV Rank
- 75.2%
- IV Percentile
- 93.7%
- Term Structure Slope
- -0.050
As of May 15, 2026, UiPath Inc. (PATH) at-the-money implied volatility is 95.9%. IV rank is 75.2% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 93.7%. The 25-delta skew is -0.104: puts carry meaningful premium over calls, a classic equity downside-protection skew. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
PATH Strategy Selection at Current Volatility Levels
For UiPath Inc. options at 95.9% ATM IV, high IV rank (75.2%) 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 is meaningfully put-skewed, so put-credit spreads capture more premium for the same width than call-credit spreads. 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 →
PATH highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $18.00 | May 29, 2026 | 0 | 266 | 139.9% | $0.01 | $0.05 |
| CALL | $16.00 | May 29, 2026 | 144 | 182 | 136.1% | $0.06 | $0.08 |
| CALL | $15.00 | May 29, 2026 | 112 | 1.7K | 132.9% | $0.09 | $0.12 |
| CALL | $13.50 | May 29, 2026 | 27 | 274 | 129.3% | $0.20 | $0.23 |
| CALL | $13.00 | May 29, 2026 | 1.3K | 11.7K | 128.5% | $0.27 | $0.29 |
| CALL | $14.50 | May 29, 2026 | 54 | 202 | 128.5% | $0.01 | $0.20 |
| CALL | $14.00 | May 29, 2026 | 212 | 906 | 128.4% | $0.03 | $0.19 |
| CALL | $12.50 | May 29, 2026 | 355 | 567 | 126.3% | $0.32 | $0.37 |
| CALL | $12.00 | May 29, 2026 | 768 | 1.8K | 120.5% | $0.43 | $0.46 |
| CALL | $5.00 | May 29, 2026 | 0 | 230 | 120.2% | $4.15 | $7.35 |
Top 10 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked PATH volatility skew questions
- What is the current PATH ATM implied volatility?
- As of May 15, 2026, UiPath Inc. (PATH) at-the-money implied volatility is 95.9%. IV rank is 75.2% 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 PATH 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 PATH volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. UiPath Inc. carries the typical equity downside-protection skew: 25-delta puts price meaningfully richer than 25-delta calls. 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.