HYPE Skew

Live

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

HYPEAggregated · 3 venuesQuotes: USDC · USD

Live· 12 expiries available· data analytics · not order executionData sources →

Spot Price

$88

25Δ Risk Reversal

2.9%

Put IV minus Call IV

25Δ Butterfly (Fly)

4.43 pts

Wings avg minus ATM

ATM Mark IV

63.4%

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	63.4%	+2.87 pts	+4.43 pts	—	Chart
2026-09-30	63.4%	+1.68 pts	+4.79 pts	+0.03 pts	Chart
2026-10-01	64.1%	+2.72 pts	+2.55 pts	+0.74 pts	Chart
2026-10-02	63.7%	-1.54 pts	+4.09 pts	+0.34 pts	Chart
2026-10-09	66.8%	-4.42 pts	-1.69 pts	+3.39 pts	Chart
2026-10-16	59.4%	-1.41 pts	+3.60 pts	-4.01 pts	Chart
2026-10-23	58.7%	-3.24 pts	+2.88 pts	-4.63 pts	Chart
2026-10-30	58.4%	-4.24 pts	+2.48 pts	-5.02 pts	Chart
2026-11-27	58.0%	-4.81 pts	+4.43 pts	-5.37 pts	Chart
2026-12-25	57.5%	-6.50 pts	+3.66 pts	-5.89 pts	Chart
2027-03-26	57.7%	-13.28 pts	+7.27 pts	-5.72 pts	Chart
2027-06-25	57.5%	-10.10 pts	+6.75 pts	-5.92 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
$75	85.4%	95.6%	95.6%	Chart
$80	91.1%	91.5%	91.5%	Chart
$82.5	94.0%	82.5%	82.5%	Chart
$84	95.7%	76.9%	76.9%	Chart
$85	96.8%	73.0%	73.0%	Chart
$86	98.0%	69.2%	69.2%	Chart
$86.5	98.5%	67.4%	67.4%	Chart
$87	99.1%	65.7%	65.7%	Chart
$87.5	99.7%	64.3%	64.3%	Chart
$88	100.3%	63.4%	63.4%	Chart
$88.5	100.8%	63.3%	63.3%	Chart
$89	101.4%	64.4%	64.4%	Chart
$89.5	102.0%	66.4%	66.4%	Chart
$90	102.5%	69.0%	69.0%	Chart
$90.5	103.1%	71.8%	71.8%	Chart
$91	103.7%	74.8%	74.8%	Chart
$91.5	104.2%	77.7%	77.7%	Chart
$92	104.8%	80.6%	80.6%	Chart
$92.5	105.4%	83.4%	83.4%	Chart
$93	105.9%	86.2%	86.2%	Chart
$94	107.1%	91.4%	91.4%	Chart
$95	108.2%	96.4%	96.4%	Chart
$96	109.4%	101.1%	101.1%	Chart
$97.5	111.1%	107.7%	107.7%	Chart
$98	111.6%	105.7%	105.7%	Chart
$100	113.9%	110.1%	110.1%	Chart
$102.5	116.8%	110.1%	110.1%	Chart
$105	119.6%	110.1%	110.1%	Chart
$110	125.3%	110.1%	110.1%	Chart
$115	131.0%	110.1%	110.1%	Chart

Analytics