Koninklijke Philips N.V. (PHG) 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.
Koninklijke Philips N.V. (PHG) operates in the Healthcare sector, specifically the Medical - Devices industry, with a market capitalization near $24.40B, listed on NYSE, employing roughly 67,247 people, carrying a beta of 0.92 to the broader market. Koninklijke Philips N. Led by Roy W. O. Jakobs, public since 1980-03-17.
Snapshot as of May 15, 2026.
- Spot Price
- $25.24
- ATM IV
- 29.9%
- IV Skew 25Δ
- 0.049
- IV Rank
- 3.7%
- IV Percentile
- 61.9%
- Term Structure Slope
- -0.011
As of May 15, 2026, Koninklijke Philips N.V. (PHG) at-the-money implied volatility is 29.9%. IV rank is 3.7% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 61.9%. The 25-delta skew is +0.049: 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.
PHG Strategy Selection at Current Volatility Levels
For Koninklijke Philips N.V. options at 29.9% ATM IV, low IV rank (3.7%) favors premium-buying or long-vol structures: long calls or puts, debit spreads, calendar spreads, long straddles. The risk: low-rank regimes can persist for months while time decay eats premium-buyers alive. 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.
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Frequently asked PHG volatility skew questions
- What is the current PHG ATM implied volatility?
- As of May 15, 2026, Koninklijke Philips N.V. (PHG) at-the-money implied volatility is 29.9%. IV rank is 3.7% 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 PHG IV high or low historically?
- IV is subdued relative to its 1-year history, conditions that typically favor premium-buying strategies (long calls, long puts, debit spreads, calendar spreads).
- What does PHG volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Koninklijke Philips N.V. 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.