Volatility Lab
Surface, term, skew, contango, VRP, vol cone, smile history and forward vol — across every tradable expiry. This is what your broker doesn't show you.
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What is Volatility Lab?
Volatility Lab The Volatility Lab is an 8-tab analytical workspace for exploring the implied volatility surface, identifying mispricings, and tracking vol regime changes over time.
Includes mispricing detection that compares market IV to the smooth volatility model to find richest and cheapest strikes.
Why this matters for your trading.
How professional options traders use Volatility Lab to find edge.
See the Full Vol Landscape
The 3D surface shows you the shape of volatility across strikes and expirations simultaneously. Spot term structure kinks, skew anomalies and butterfly pricing in one view.
Find Mispriced Strikes
The mispricing tab compares market IV to the smooth volatility model at every strike. Richest strikes are overpriced vol you can sell; cheapest are underpriced vol you can buy.
Gauge Vol Regime with the Cone
The vol cone plots current ATM IV against historical realised vol percentiles (10th–90th). If IV sits above the 75th percentile cone, premiums are historically elevated.
Track Smile Evolution Over Time
Smile History shows how the IV curve shape changed over the past year. Spot structural shifts in skew that signal changing institutional demand.
What's inside.
3D Volatility Surface
Interactive surface across strikes and expirations with hover detail
Mispricing Detection
IV vs model comparison identifies richest and cheapest strikes
Vol Cone
Historical realised vol percentiles for regime context
Smile History
Track how the IV curve shape evolved over 1-3 years
How it works.
Check the Smile
See current IV by strike for your selected expiration
Explore the Surface
Switch to 3D view for the full landscape across all expirations
Find Mispricings
The mispricing tab ranks strikes by deviation from model
Confirm with the Cone
Check whether current IV is historically elevated or depressed
When you'd reach for it.
Find strikes where IV exceeds the model by 2+ points, confirm with vol cone above 75th percentile, then sell credit spreads at those strikes.
Use the term structure view to find expirations where IV diverges, then drill into the mispricing tab to select exact strikes.
The vol cone and smile history together show whether current vol levels and skew shape are unusual — key context before any vol trade.
Common questions, answered.
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