NOW Implied Volatility
NOW $157.00 · Updated Oct 26, 4:00 PM ET
NOW at-the-money implied volatility is 121.6% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 61.5%. 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 | 157.5 | 121.6% |
| Nov 6, 2026 | 11 | 157.5 | 84.2% |
| Nov 13, 2026 | 18 | 157.5 | 71.9% |
| Nov 20, 2026 | 25 | 157.5 | 66.1% |
| Nov 27, 2026 | 32 | 157.5 | 61.5% |
| Dec 4, 2026 | 39 | 157.5 | 59.4% |
| Dec 18, 2026 | 53 | 156 | 56.7% |
| Jan 15, 2027 | 81 | 156 | 53.1% |
| Feb 19, 2027 | 116 | 155 | 53.9% |
| Mar 19, 2027 | 144 | 155 | 53.5% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 145 | 121.8% | 122.4% |
| 146 | 121.2% | 122.8% |
| 147 | 121.8% | 122.4% |
| 148 | 122.0% | 122.5% |
| 149 | 121.4% | 122.4% |
| 150 | 122.6% | 122.7% |
| 152.5 | 121.9% | 122.0% |
| 155 | 122.0% | 121.7% |
| 157.5 | 121.7% | 121.5% |
| 160 | 120.7% | 120.9% |
| 162.5 | 120.6% | 121.1% |
| 165 | 120.5% | 120.6% |
| 167.5 | 120.3% | 120.0% |
| 170 | 119.6% | 119.2% |
| 172.5 | 120.0% | 119.8% |
| 175 | 119.5% | 119.8% |
| 177.5 | 119.3% | 120.2% |
How this is calculated: Implied Volatility methodology