Volatility smile convexity extremes
Where was front-expiration volatility smile curvature most elevated or inverted on Oct 8, 2026?
The front-window IV butterfly compares wing volatility with ATM volatility. The 25 most convex observations appear first, followed by the 25 most inverted. Data through close. Descriptive only, not a recommendation.
At a glance
50 tickers qualified. First five: DJT (1,064.5 pp), UEC (423.1 pp), VZ (71.5 pp), SRPT (70.4 pp), SOC (56.5 pp).
| # | Ticker | Close | Open interest | IV butterfly |
|---|---|---|---|---|
| 1 | DJT | 8.20 | 513,784 | 1,064.5 pp |
| 2 | UEC | 9.14 | 226,070 | 423.1 pp |
| 3 | VZ | 46.35 | 914,114 | 71.5 pp |
| 4 | SRPT | 18.21 | 127,557 | 70.4 pp |
| 5 | SOC | 3.86 | 395,708 | 56.5 pp |
| 6 | GDS | 30.44 | 132,810 | 53.9 pp |
| 7 | VFC | 14.53 | 639,743 | 43.8 pp |
| 8 | SMMT | 17.17 | 215,909 | 34.1 pp |
| 9 | RUN | 7.59 | 647,608 | 34.0 pp |
| 10 | ZIM | 30.26 | 239,801 | 32.1 pp |
| 11 | XE | 13.77 | 138,176 | 32.1 pp |
| 12 | SPY | 773.93 | 18,356,858 | 31.4 pp |
| 13 | MAGS | 73.03 | 161,138 | 30.1 pp |
| 14 | KORU | 17.65 | 362,596 | 29.9 pp |
| 15 | VIX | 15.41 | 13,887,304 | 28.2 pp |
| 16 | SPXW | 7,762.05 | 5,086,124 | 27.9 pp |
| 17 | EPD | 36.75 | 167,374 | 27.9 pp |
| 18 | LMND | 46.91 | 134,223 | 27.0 pp |
| 19 | HYG | 77.14 | 10,370,623 | 26.7 pp |
| 20 | QQQ | 747.58 | 12,241,583 | 26.5 pp |
| 21 | LI | 10.90 | 145,349 | 25.6 pp |
| 22 | CPER | 39.46 | 104,413 | 25.1 pp |
| 23 | DOW | 28.59 | 424,692 | 23.7 pp |
| 24 | CART | 46.30 | 103,119 | 23.2 pp |
| 25 | XME | 104.61 | 147,665 | 21.0 pp |
| 26 | GLXY | 20.08 | 340,081 | -562.9 pp |
| 27 | AKAM | 100.90 | 271,408 | -154.6 pp |
| 28 | CAPR | 8.01 | 182,910 | -64.4 pp |
| 29 | GRRR | 11.94 | 138,435 | -48.2 pp |
| 30 | INFQ | 11.16 | 255,228 | -37.2 pp |
| 31 | IBRX | 9.91 | 680,790 | -33.2 pp |
| 32 | DOCU | 71.43 | 135,813 | -24.0 pp |
| 33 | SILJ | 26.68 | 564,046 | -23.7 pp |
| 34 | PCG | 12.67 | 2,398,841 | -23.4 pp |
| 35 | VKTX | 27.73 | 334,884 | -23.2 pp |
| 36 | LCID | 3.82 | 818,908 | -21.0 pp |
| 37 | PSKY | 9.81 | 1,720,404 | -21.0 pp |
| 38 | RGTI | 14.14 | 662,584 | -20.7 pp |
| 39 | MAT | 16.58 | 166,572 | -19.9 pp |
| 40 | GAP | 23.36 | 168,725 | -19.4 pp |
| 41 | CMCSA | 21.21 | 833,615 | -19.0 pp |
| 42 | CXW | 32.71 | 136,686 | -18.6 pp |
| 43 | HUT | 79.59 | 279,273 | -18.6 pp |
| 44 | GTLB | 53.56 | 208,087 | -18.4 pp |
| 45 | CLS | 356.53 | 128,231 | -17.7 pp |
| 46 | SBUX | 93.21 | 476,750 | -17.2 pp |
| 47 | AI | 11.34 | 324,824 | -17.0 pp |
| 48 | LQDA | 28.02 | 241,380 | -16.8 pp |
| 49 | SBET | 8.81 | 700,139 | -16.4 pp |
| 50 | AVGO | 360.14 | 2,378,416 | -15.9 pp |
Screens describe what the data shows after the close. They are not trade recommendations; see the disclaimer and the methodology.