Virtu Financial, Inc. (VIRT) 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.
Virtu Financial, Inc. (VIRT) operates in the Financial Services sector, specifically the Financial - Capital Markets industry, with a market capitalization near $11.34B, listed on NYSE, employing roughly 969 people, carrying a beta of 0.61 to the broader market. Virtu Financial, Inc. Led by Aaron Simons, public since 2015-04-16.
Snapshot as of May 15, 2026.
- Spot Price
- $54.43
- ATM IV
- 31.3%
- HV 20-Day
- 38.5%
- HV 60-Day
- 34.4%
- IV Rank
- 46.0%
- IV Percentile
- 39.3%
As of May 15, 2026, Virtu Financial, Inc. (VIRT) ATM implied volatility is 31.3%. 20-day realized volatility is 38.5%, producing an IV-HV spread of -7.2 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 46.0%.
How VIRT iv/hv history Data Feeds Strategy Selection
Strategy selection on Virtu Financial, 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 31.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. 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 →
VIRT highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $55.00 | Sep 18, 2026 | 23 | 4.5K | 33.0% | $3.80 | $4.50 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked VIRT iv/hv history questions
- Is VIRT options pricing rich or cheap right now?
- As of May 15, 2026, Virtu Financial, Inc. (VIRT) ATM IV is 31.3% against 20-day realized volatility of 38.5%. IV rank is 46.0%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the VIRT 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. VIRT 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 VIRT 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. VIRT's current rank of 46.0% 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.