Forward Vol, Contango, Delta IV Rank & Curvature
Skew Intelligence
Forward vol, contango analysis, delta-level IV rank, historical skew patterns and smile curvature — the full skew picture across time and strike space.
No account needed to look at it on AAPL. Live market data on every plan, and you can cancel any time.
The screen
What the module
actually shows.
A real capture, not a mockup. Click it to enlarge, then open the same screen live on AAPL.
ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
Free on AAPL, no account. Trial: no charge if you cancel before it ends.
What is Skew Intelligence?
Skew Intelligence Skew Intelligence decomposes the volatility smile into forward vol, contango/backwardation, delta-level IV rank, historical skew patterns and curvature evolution for advanced vol analysis.
ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
Free on AAPL, no account. Trial: no charge if you cancel before it ends.
Inside the module
Every panel,
and its job.
What the screen opens with, part by part.
Forward Vol & Contango
Future vol expectations from the term curve
Skew Analysis
Put vs call IV by delta and term
Delta IV Rank Heatmap
Time x delta grid showing strike-level richness
Curvature Tracking
Smile shape evolution: symmetric, skewed, kinked
Why it matters
What this buys you
on the desk.
How traders read Skew Intelligence when they are looking for an edge worth taking.
See Which Strikes Are Richest Over Time
The Delta IV Rank heatmap shows a time x delta grid. If 25-delta puts have been at the 90th percentile for 3 weeks while ATM is at the 50th, institutions are hoarding tail protection.
Track Curvature Changes
Smile curvature (wings vs ATM) evolves with market regimes. Increasing curvature signals growing tail demand — the market is buying protection. Decreasing curvature signals complacency.
Project Forward Vol
Forward vol derived from the term curve shows what the market expects vol to be in coming months. Compare against HV forecasts to find edge in calendar-type trades.
Detect Institutional Positioning Shifts
Changes in skew steepness, curvature and delta IV rank often precede large moves. Institutions adjust their hedge books before events — skew intelligence reveals these shifts.
How it works
From a ticker
to a decision.
The order the screen expects you to work in.
-
Select ticker
Enter any US stock or ETF
-
Review data
Analyse the key metrics and charts
-
Identify signal
Find the actionable insight
-
Execute
Use the signal to inform your trade
Use cases
When you would
reach for it.
- Skew Trading
- When put skew is at the 95th percentile, sell put spreads to monetise elevated protection demand.
- Risk Reversal Timing
- Track call vs put skew over time. When the skew flips (calls richer than puts), it signals bullish institutional positioning — lean into it or fade it.
- Regime Awareness
- Rising curvature + steep skew = institutions adding protection. Falling curvature + flat skew = complacency. Adjust your hedging accordingly.
Questions
What people ask
about this screen.
What is the Delta IV Rank?
IV Rank calculated at each delta level (10D, 25D, ATM, 75D, 90D) over time. It reveals which parts of the smile are historically rich or cheap — a level of granularity unavailable in standard IV rank.
What is smile curvature?
Curvature measures how much the wings (OTM puts and calls) are elevated relative to ATM IV. Calculated as (25D Put IV + 25D Call IV) - 2 x ATM IV. Higher curvature means more wing demand.
Keep reading
What traders open
next to this.
Read next
Run it, do not just read it
You have read the screen.
Now run it.
Skew Intelligence is one pane of the Terminal, and it opens on AAPL without an account. Every plan points the same module at the other 5,500 tickers.
Real market data, not a sandbox. Open Skew Intelligence on AAPL.