Urban Outfitters, Inc. (URBN) 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.
Urban Outfitters, Inc. (URBN) operates in the Consumer Cyclical sector, specifically the Apparel - Retail industry, with a market capitalization near $5.96B, listed on NASDAQ, employing roughly 11,310 people, carrying a beta of 1.23 to the broader market. Urban Outfitters, Inc. Led by Richard A. Hayne, public since 1993-11-09.
Snapshot as of May 15, 2026.
- Spot Price
- $68.95
- ATM IV
- 64.1%
- IV Skew 25Δ
- 0.044
- IV Rank
- 90.6%
- IV Percentile
- 98.0%
- Term Structure Slope
- -0.048
As of May 15, 2026, Urban Outfitters, Inc. (URBN) at-the-money implied volatility is 64.1%. IV rank is 90.6% (where 0% is the 52-week low and 100% is the 52-week high). IV percentile is 98.0%. The 25-delta skew is +0.044: 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.
URBN Strategy Selection at Current Volatility Levels
For Urban Outfitters, Inc. options at 64.1% ATM IV, high IV rank (90.6%) favors premium-selling structures: credit spreads, iron condors, covered calls, cash-secured puts. The risk: a continued vol expansion through high-rank levels is rare but expensive when it happens. 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.
Learn how volatility skew is reported and how to read the data →
URBN highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $76.00 | May 22, 2026 | 13 | 3.8K | 97.7% | $1.05 | $1.65 |
| CALL | $70.00 | May 22, 2026 | 4 | 1.9K | 100.3% | $2.90 | $3.70 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked URBN volatility skew questions
- What is the current URBN ATM implied volatility?
- As of May 15, 2026, Urban Outfitters, Inc. (URBN) at-the-money implied volatility is 64.1%. IV rank is 90.6% 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 URBN IV high or low historically?
- IV is elevated relative to its 1-year history, conditions that typically favor premium-selling strategies (credit spreads, iron condors, covered calls).
- What does URBN volatility skew tell options traders?
- Volatility skew is the pattern by which IV varies across strikes for a given expiration. Urban Outfitters, Inc. 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.