San Juan Basin Royalty Trust (SJT) 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.
San Juan Basin Royalty Trust (SJT) operates in the Energy sector, specifically the Oil & Gas Exploration & Production industry, with a market capitalization near $200.0M, listed on NYSE, carrying a beta of 0.58 to the broader market. San Juan Basin Royalty Trust operates as an express trust in Texas. Led by Joshua R. Peterson, public since 1980-10-24.
Snapshot as of May 15, 2026.
- Spot Price
- $4.19
- ATM IV
- 126.5%
- IV Rank
- 62.9%
- IV Percentile
- 98.0%
- Term Structure Slope
- -0.651
As of May 15, 2026, San Juan Basin Royalty Trust (SJT) at-the-money implied volatility is 126.5%. IV rank is 62.9% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 98.0%. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.
SJT Strategy Selection at Current Volatility Levels
For San Juan Basin Royalty Trust options at 126.5% ATM IV, mid-range IV rank (62.9%) 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 →
Frequently asked SJT volatility skew questions
- What is the current SJT ATM implied volatility?
- As of May 15, 2026, San Juan Basin Royalty Trust (SJT) at-the-money implied volatility is 126.5%. IV rank is 62.9% 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 SJT 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 SJT volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. 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.