TON Strategy Co. (TONX) 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.
TON Strategy Co. (TONX) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $212.0M, listed on NASDAQ, employing roughly 18 people, carrying a beta of 0.42 to the broader market. The first NASDAQ‑listed publicly traded treasury for Toncoin ($TON), the native cryptocurrency of The Open Network (TON). Led by Veronika Kapustina, public since 2014-11-19.
Snapshot as of May 15, 2026.
- Spot Price
- $3.71
- ATM IV
- 151.8%
- HV 20-Day
- 129.9%
- HV 60-Day
- 112.6%
- IV Rank
- 26.1%
- IV Percentile
- 69.8%
As of May 15, 2026, TON Strategy Co. (TONX) ATM implied volatility is 151.8%. 20-day realized volatility is 129.9%, producing an IV-HV spread of +21.9 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 26.1%.
How TONX iv/hv history Data Feeds Strategy Selection
Strategy selection on TON Strategy Co. 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 151.8% 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.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked TONX iv/hv history questions
- Is TONX options pricing rich or cheap right now?
- As of May 15, 2026, TON Strategy Co. (TONX) ATM IV is 151.8% against 20-day realized volatility of 129.9%. IV rank is 26.1%. TONX options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 21.9 vol points.
- What is the TONX 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. TONX is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does TONX 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. TONX's current rank of 26.1% 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.