Volatility · term structure

Forward IV Dashboard

Implied volatility is not spread evenly across the calendar. Forward IV strips out the quiet days and asks what the market is charging for one stretch between two expiries — so a name can sit at a calm 23% for 30 days while pricing a violent two days around an earnings date. These are the names where that gap is widest right now, and the exact expiry each one points at.

Priced from the settled chain on 2026-09-17 · changes measured against 2026-09-16 · 685 names priced, 254 carrying a notable window, 184 of those on a window out past the nearest expiry and narrow enough to read.

Biggest moves since the prior session

Ranked on the change in the multiple, not the level: a biotech that always trades at 90% vol is not moving, while a 23%-vol industrial printing 3.3x into a two-day window is the signal. Rows marked “nearest expiry” sit on the front of the curve, where short-dated vol always runs hot — a jump there is worth seeing, but it is not the market picking a date.

TickerVol is priced intoWindowHumpvs prior sessionFwd IV30d ATM
AMCimplied moveSep 18 · nearest expiry1d3.64x+2.11x272.9%76.3%
BSXimplied movewide quotethe week to Oct 307d2.44x+0.96x95.4%38.7%
MOimplied movewide quotethe week to Oct 307d2.10x+0.73x44.8%21.2%
CMCSAimplied movethe week to Oct 237d2.04x+0.59x60.8%31.6%
SBUXimplied movewide quotethe week to Oct 307d1.78x+0.48x51.0%27.6%
TMCimplied movewide quoteSep 18 · nearest expirymoved from Nov 201d1.95x+0.47x178.8%80.2%
PGRimplied movewide quoteSep 18 · nearest expirymoved from Jan 151d1.96x+0.45x49.5%27.4%
NCLHimplied movethe week to Oct 307d1.86x+0.44x85.1%48.3%
CVNAimplied movewide quotethe week to Oct 307d1.72x+0.42x100.2%57.0%
AMKRimplied movewide quotethe week to Oct 307d1.83x+0.39x119.7%62.1%
BBimplied movethe week to Sep 257d1.83x+0.34x113.2%74.6%
NIOimplied movethe week to Oct 167d2.10x+0.30x97.5%60.3%
LMNDimplied movewide quotethe week to Oct 307d1.69x+0.30x97.9%54.1%
GEimplied movethe week to Oct 237d1.61x+0.28x51.9%31.6%
LVSimplied movewide quotethe week to Oct 237d1.62x+0.26x59.3%33.5%
ACHRimplied movethe week to Oct 167d1.59x+0.26x90.7%66.2%
BACimplied movethe week to Oct 167d1.57x+0.25x36.5%26.2%
Mimplied movewide quoteOct 9 · nearest expiry22d1.63x+0.25x43.3%38.7%
EWZimplied movethe week to Oct 307d2.47x+0.24x87.3%42.2%
URIimplied movethe week to Oct 237d2.07x+0.24x72.7%33.9%
RBLXimplied movethe week to Oct 307d1.57x+0.24x90.9%59.9%
REGNimplied movethe week to Oct 307d1.69x+0.23x49.8%28.9%
WGSimplied movewide quotethe week to Oct 307d1.67x+0.23x105.0%65.0%
TXNimplied movethe week to Oct 237d1.77x+0.22x66.5%36.8%
NUimplied movethe week to Oct 307d1.78x+0.22x70.6%43.9%

The weeks the market is charging for

Windows that open at a later expiry, so the vol belongs to that stretch rather than to the front of the curve. A seven-day window in late October is an earnings week; the market is paying up for those days and not the ones on either side. Tight quotes first.

TickerVol is priced intoWindowHumpFwd IV30d ATM
EWZimplied movethe week to Oct 307d2.47x87.3%42.2%
FDXimplied movethe week to Oct 307d2.35x68.1%27.5%
IBMimplied movethe week to Oct 237d2.33x78.2%35.7%
NFLXimplied movethe week to Oct 237d2.18x72.6%34.3%
UPSimplied movethe week to Oct 307d2.15x58.4%24.1%
NIOimplied movethe week to Oct 167d2.10x97.5%60.3%
TWLOimplied movethe week to Oct 307d2.08x103.7%48.2%
URIimplied movethe week to Oct 237d2.07x72.7%33.9%
MSFTimplied movethe week to Oct 307d2.07x53.3%24.2%
CMGimplied movethe week to Oct 307d2.06x76.0%37.7%
CMCSAimplied movethe week to Oct 237d2.04x60.8%31.6%
NKEimplied movethe week to Oct 27d2.00x74.3%48.1%
AMZNimplied movethe week to Oct 307d1.96x62.9%29.2%
LLYimplied movethe week to Oct 307d1.92x60.7%31.8%
NCLHimplied movethe week to Oct 307d1.86x85.1%48.3%
HUMimplied movethe week to Oct 97d1.85x89.4%66.4%
BBimplied movethe week to Sep 257d1.83x113.2%74.6%
NUimplied movethe week to Oct 307d1.78x70.6%43.9%
TXNimplied movethe week to Oct 237d1.77x66.5%36.8%
METUimplied movethe week to Oct 307d1.77x136.7%73.5%
METAimplied movethe week to Oct 307d1.76x69.5%37.4%
RDDTimplied movethe week to Oct 307d1.76x102.0%55.7%
MRKimplied movethe week to Oct 307d1.74x47.9%26.9%
GOOGimplied movethe week to Oct 307d1.74x52.0%28.6%
JBLimplied movethe week to Oct 27d1.73x82.6%55.7%

Narrow enough to name one session

The rare case: a window five days or fewer, sitting out in the calendar rather than at the front. Here the vol has nowhere else to go, so the date itself is the claim. There are usually only a handful.

TickerVol is priced intoWindowHumpFwd IV30d ATM
GLDimplied moveOct 11d21.38x519.5%22.7%
MUimplied moveOct 24d1.90x101.6%59.3%
TQQQimplied moveOct 22d1.71x85.5%50.1%
TLTimplied moveOct 22d1.57x17.9%10.7%
DRAMOct 22d1.56x92.6%58.8%
XSPimplied moveNov 4moved from Oct 141d1.47x20.3%12.2%
SPXWNov 41d1.45x19.7%12.2%
SOXLimplied moveOct 22d1.37x148.2%106.0%
TSLAimplied moveOct 22d1.33x59.0%41.4%
SPYimplied moveOct 11d1.31x17.4%12.4%
NDXPOct 23moved from Oct 221d1.30x25.5%16.8%

New today

These carried no notable forward window in the previous session — the market started charging for those days since then.

TickerVol is priced intoWindowHumpFwd IV30d ATM
GLDimplied moveOct 11d21.38x519.5%22.7%
TQQQimplied moveOct 22d1.71x85.5%50.1%
BNOimplied movethe week to Oct 167d1.67x77.2%55.5%
SNPSimplied movethe week to Oct 237d1.51x57.7%42.1%
IAUimplied movethe week to Oct 307d1.49x33.0%21.9%
BAimplied movethe week to Oct 307d1.49x48.3%31.1%
APLDimplied movethe week to Oct 97d1.46x114.1%88.7%
WDCimplied movethe week to Oct 307d1.43x94.0%62.3%
KLACimplied movethe week to Oct 307d1.42x79.6%52.5%
SCHWimplied movethe week to Oct 167d1.40x39.2%28.5%
SOXLimplied moveOct 22d1.37x148.2%106.0%
HALimplied movethe week to Oct 237d1.36x52.1%36.4%
KEELthe week to Oct 167d1.35x126.5%102.0%
EWYimplied movethe week to Oct 167d1.34x57.1%45.5%
ARimplied movethe week to Oct 307d1.33x48.8%36.0%

How to read this

Hump is the forward IV across one window divided by that name’s own median window. It is a term-structure statistic, not a claim that a specific catalyst lands on that day — read the date as a date only where the window is narrow enough to name one.

“The week to Oct 30” is a window too wide to name a day. The vol is real and concentrated in that stretch, but any session inside it could be the cause, so the page declines to pick one. A single date appears only where the window is five days or fewer.

The nearest expiry is excluded from everything ranked on level. That first window has no earlier expiry to subtract from, so its forward IV is just the front contract’s at-the-money vol — and short-dated vol structurally sits above a name’s median window. On the 2026-09-17 session, 115 of the 121 windows narrow enough to name a date named the very next Friday. Publishing those as chosen dates would dress a calendar artefact as an event.

Wide quote marks a name whose at-the-money quote is wide enough that the vol is partly an artefact of the spread. Readable, but rank it below the rest.

Each ticker links to its own page, with implied move beside it for the full term structure, alongside the option chain and IV rank. Mechanics are in the implied vs historical volatility guide.

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Educational, not investment advice. Forward IV is computed from settled end-of-day option quotes; it describes what the market charged at that close, not live intraday pricing.