Park Hotels & Resorts Inc. (PK) 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.
Park Hotels & Resorts Inc. (PK) operates in the Real Estate sector, specifically the REIT - Hotel & Motel industry, with a market capitalization near $2.18B, listed on NYSE, employing roughly 91 people, carrying a beta of 1.36 to the broader market. Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Led by Thomas Jeremiah Baltimore Jr., public since 2017-01-04.
Snapshot as of May 15, 2026.
- Spot Price
- $10.77
- ATM IV
- 38.9%
- IV Skew 25Δ
- -0.012
- IV Rank
- 6.8%
- IV Percentile
- 59.5%
- Term Structure Slope
- 2.764
As of May 15, 2026, Park Hotels & Resorts Inc. (PK) at-the-money implied volatility is 38.9%. IV rank is 6.8% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 59.5%. The 25-delta skew is -0.012: skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
PK Strategy Selection at Current Volatility Levels
For Park Hotels & Resorts Inc. options at 38.9% ATM IV, low IV rank (6.8%) 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. 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 →
PK highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $12.50 | Jul 17, 2026 | 1 | 1.2K | 868.1% | $0.10 | $0.20 |
| CALL | $10.00 | Jul 17, 2026 | 0 | 198 | 315.3% | $0.55 | $1.20 |
| PUT | $10.00 | Jul 17, 2026 | 13 | 2.3K | 315.3% | $0.30 | $0.40 |
| PUT | $15.00 | Jul 17, 2026 | 0 | 884 | 300.3% | $3.80 | $5.00 |
Top 4 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked PK volatility skew questions
- What is the current PK ATM implied volatility?
- As of May 15, 2026, Park Hotels & Resorts Inc. (PK) at-the-money implied volatility is 38.9%. IV rank is 6.8% 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 PK 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 PK volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Park Hotels & Resorts 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.