MRNA Implied Volatility
MRNA $195.99 · Updated Oct 26, 4:00 PM ET
MRNA at-the-money implied volatility is 96.7% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 83.6%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 30, 2026 | 4 | 195 | 96.7% |
| Nov 6, 2026 | 11 | 195 | 101.4% |
| Nov 13, 2026 | 18 | 195 | 90.7% |
| Nov 20, 2026 | 25 | 195 | 86.1% |
| Nov 27, 2026 | 32 | 195 | 83.6% |
| Dec 4, 2026 | 39 | 195 | 82.7% |
| Dec 18, 2026 | 53 | 195 | 79.8% |
| Jan 15, 2027 | 81 | 195 | 79.0% |
| Feb 19, 2027 | 116 | 195 | 80.9% |
| Mar 19, 2027 | 144 | 195 | 80.7% |
| Apr 16, 2027 | 172 | 195 | 80.3% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 175 | 108.7% | 105.3% |
| 177.5 | 112.8% | 104.0% |
| 180 | 101.0% | 102.1% |
| 182.5 | 97.2% | 100.9% |
| 185 | 100.2% | 99.7% |
| 187.5 | 100.4% | 98.8% |
| 190 | 98.1% | 98.6% |
| 192.5 | 97.4% | 97.3% |
| 195 | 96.8% | 96.7% |
| 197.5 | 96.5% | 96.4% |
| 200 | 96.3% | 96.2% |
| 202.5 | 96.4% | 96.6% |
| 205 | 96.3% | 96.8% |
| 207.5 | 96.0% | 96.5% |
| 210 | 96.6% | 96.7% |
| 212.5 | 97.0% | 97.4% |
| 215 | 97.8% | 97.6% |
How this is calculated: Implied Volatility methodology