Early access·Soft launch — data analytics only (no order execution). Feeds may be partial. Not financial advice. Sources·Terms·Account

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AAVE Skew

Live

25Δ RR / fly from marked chain IVs. Smile is observed marks, not a fitted model. Research terminal.

AAVEUnique tickerQuotes: USD

Live· 6 expiries available· data analytics · not order executionData sources →

Spot Price

$147

25Δ Risk Reversal

-1.0%

Put IV minus Call IV

25Δ Butterfly (Fly)

2.53 pts

Wings avg minus ATM

ATM Mark IV

55.1%

Nearest listed ATM

Listed chain tenors only — not 7d / 30d / 90d buckets. Missing 25Δ wings or ATM stay —. Calendar is ATM IV minus front listed ATM.

Tenor	ATM IV	25Δ RR	25Δ Fly	Cal vs front	Chart
2026-09-29	55.1%	-0.98 pts	+2.53 pts	—	Chart
2026-09-30	63.3%	+2.75 pts	+2.74 pts	+8.22 pts	Chart
2026-10-02	69.4%	+3.31 pts	+2.24 pts	+14.25 pts	Chart
2026-10-09	72.5%	+1.41 pts	+1.07 pts	+17.37 pts	Chart
2026-10-30	77.7%	0.00 pts	+0.14 pts	+22.56 pts	Chart
2026-12-25	84.5%	-0.07 pts	+0.71 pts	+29.33 pts	Chart

Mark IV (%) across strikes for front expiries — chain marks, not a fitted model

Active expiryChart Chain

STRIKE	MONEYNESS	CALL IV	PUT IV	Chart
$140	95.3%	67.9%	67.9%	Chart
$142	96.7%	61.5%	61.5%	Chart
$144	98.0%	57.2%	57.2%	Chart
$145	98.7%	55.9%	55.9%	Chart
$146	99.4%	55.2%	55.2%	Chart
$147	100.1%	55.1%	55.1%	Chart
$148	100.7%	55.6%	55.6%	Chart
$149	101.4%	56.6%	56.6%	Chart
$150	102.1%	58.1%	58.1%	Chart
$152	103.5%	62.4%	62.4%	Chart
$154	104.8%	67.8%	67.8%	Chart
$156	106.2%	74.1%	74.1%	Chart
$158	107.5%	81.0%	81.0%	Chart
$160	108.9%	88.2%	88.2%	Chart
$162	110.3%	95.6%	95.6%	Chart
$164	111.6%	103.0%	103.0%	Chart
$165	112.3%	106.8%	106.8%	Chart
$166	113.0%	110.6%	110.6%	Chart
$170	115.7%	125.5%	125.5%	Chart

Analytics