AT&T Inc. (T) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
AT&T Inc. (T) operates in the Communication Services sector, specifically the Telecommunications Services industry, with a market capitalization near $157.87B, listed on NYSE, employing roughly 139,970 people, carrying a beta of 0.40 to the broader market. Globally, AT&T Inc. Led by John T. Stankey, public since 1983-11-21.
Snapshot as of Jun 30, 2026.
- Spot Price
- $20.66
- ATM IV
- 33.2%
- HV 20-Day
- 35.0%
- HV 60-Day
- 28.7%
- IV Rank
- 100.0%
- IV Percentile
- 100.0%
As of Jun 30, 2026, AT&T Inc. (T) ATM implied volatility is 33.2%. 20-day realized volatility is 35.0%, producing an IV-HV spread of -1.9 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 100.0%.
How T iv/hv history Data Feeds Strategy Selection
Strategy selection on AT&T Inc. options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 33.2% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the T IV vs HV chart
The dual-line chart above tracks ATM implied volatility (forward-looking, what the chain is pricing) against 20-day realized historical volatility (backward-looking, what actually happened). ATM IV currently prints at 33.2%, 100.0% IV rank, against 35.0% realized over the trailing 20 trading days. Implied is currently below realized by 1.9 vol points, an inverted regime where premium buyers are underpaying for the move - rare and often a setup for IV expansion. Persistent IV-above-HV is the variance-risk-premium-positive state typical of equity markets; persistent IV-below-HV is rare and usually marks underpriced vol that often expands.
T IV/HV regimes and trade selection
T sits in the top quartile of its 1-year IV range. High-IV-rank regimes statistically favor premium-selling - the elevated implied is more likely to mean-revert than to expand further. Iron condors, covered calls, and cash-secured puts collect more premium per unit of notional risk; size wings to the implied move and exit on first sign of HV catching up.
Using T vol history alongside the term structure
The IV/HV gap on this page captures the level of premium; the term-structure slope on the volatility page captures its shape across expirations. Term structure is roughly flat at -0.011, no strong near vs far premium being priced. Pair the rank read with the slope read with the event calendar to choose the right tenor for the structure.
T IV/HV signal in volatility-cycle context
Equity-vol cycles tend to compress and expand on multi-month timeframes: a typical sequence runs low-IV-rank consolidation (months of flat tape, decaying premium) into a vol-expansion catalyst (earnings miss, macro shock, regime change) into elevated-IV-rank stress (premiums fat, dispersion high) back to mean-reverting compression. T's current 100.0% IV rank places the ticker in the expansion or stress phase of that cycle. Premium-selling carries the typical structural tailwind here, but the mean-reverting compression that completes the cycle has historically arrived sharply rather than gradually. The ratio of HV-20 (35.0%) to HV-60 (28.7%) gives a second cycle indicator: when 20-day exceeds 60-day, recent realization is running hotter than the trailing-quarter average - typically a sign that recent days have already started expanding vol regardless of where IV rank prints. Use the time series above to spot inflection points: meaningful IV/HV gap closures and openings tend to precede regime shifts by a few sessions.
Learn how implied vs realized volatility is reported and how to read the data →
Daily ATM implied volatility and 20-day realized (historical) volatility for T over the last ~36 trading days. The IV-HV gap measures the variance risk premium - when IV trades persistently above realized HV, premium-sellers earn the spread; when IV dips below HV, vol is structurally underpriced.
Most recent 15 trading days (descending). Older history appears in the chart above.
| Date | ATM IV | HV 20d | HV 60d | IV Rank |
|---|---|---|---|---|
| Jun 30, 2026 | 33.2% | 35.0% | 28.7% | 100.0% |
| Jun 29, 2026 | 32.6% | 31.6% | 27.4% | 100.0% |
| Jun 26, 2026 | 30.1% | 29.7% | 26.6% | 87.2% |
| Jun 25, 2026 | 30.6% | 30.3% | 26.6% | 90.7% |
| Jun 23, 2026 | 29.7% | 29.8% | 26.3% | 84.1% |
| Jun 22, 2026 | 28.8% | 27.4% | 25.4% | 78.4% |
| Jun 18, 2026 | 26.3% | 28.4% | 25.5% | 60.7% |
| Jun 17, 2026 | 26.1% | 29.4% | 25.9% | 59.3% |
| Jun 16, 2026 | 24.1% | 28.0% | 25.4% | 45.3% |
| Jun 15, 2026 | 24.7% | 28.4% | 26.2% | 49.7% |
| Jun 12, 2026 | 24.7% | 28.4% | 26.2% | 49.6% |
| Jun 11, 2026 | 27.5% | 27.5% | 25.9% | 69.1% |
| Jun 9, 2026 | 27.8% | 25.7% | 25.5% | 71.4% |
| Jun 5, 2026 | 26.5% | 26.3% | 26.2% | 62.0% |
| Jun 4, 2026 | 28.2% | 26.0% | 26.2% | 73.7% |
T highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $20.50 | Jul 2, 2026 | 3.4K | 191 | 36.8% | $0.14 | $0.16 |
Top 1 contracts from the institutional-grade nightly options scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked T iv/hv history questions
- Is T options pricing rich or cheap right now?
- As of Jun 30, 2026, AT&T Inc. (T) ATM IV is 33.2% against 20-day realized volatility of 35.0%. IV rank is 100.0%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the T variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. T is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does T IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. T's current rank of 100.0% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.