Consumer Discretionary Consumer Reference Data Updated 2026-05-31

DRI Gamma Exposure, IV Rank & Implied Volatility

Darden Restaurants (DRI) options data — GEX, IV rank, options chain & Greeks

DRI options trade with implied volatility typically in the 18% - 40% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 83.1 /100
IV 50.1%
Simulated data for display · open live DRI on the platform →

An IV rank near 83.1 (the value shown here is illustrative) would mean implied volatility is in roughly the 83.1th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live DRI IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 39.16%68.85%

Chart shows simulated data for display purposes. View the real DRI IV history on the live platform →

Comprehensive options market data for Darden Restaurants (DRI).

DRI Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 18% - 40%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
18% - 40%
Market Cap
$20B+
Weeklies
Yes

1 About Darden Restaurants (DRI)

Darden Restaurants is the world's largest full-service restaurant company, operating Olive Garden, LongHorn Steakhouse, and other popular dining brands across North America.

Company Profile

Sector Consumer Discretionary
Industry Restaurants
Market Cap $20B+
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End May

Darden Restaurants operates in the Consumer Discretionary sector.

2 DRI Options Market Overview

DRI options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

DRI options are available for trading across multiple expirations.

3 DRI Implied Volatility & IV Rank

DRI implied volatility reflects consumer spending trends and competitive dynamics. IV patterns are influenced by earnings, sales data, and consumer sentiment.

Low IV Environment
18% - 23%
Below average volatility
Typical IV Range
23% - 34%
Normal conditions
Elevated IV
34% - 40%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short DRI options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

DRI IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View DRI Volatility Lab

DRI Gamma Exposure (GEX)

Gamma Exposure analysis for DRI reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: DRI tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live DRI GEX

4 Common DRI Options Strategies

These are strategies commonly used by traders on DRI options, based on typical market characteristics. This is not investment advice.

Popular for DRI shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on DRI.

Range-bound strategy for DRI between events.

Key Considerations for DRI Options

  • DRI options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: DRI Options

What is DRI's typical implied volatility?

DRI implied volatility typically ranges from 18% - 40%.

Does DRI have weekly options?

DRI offers weekly options.

What is DRI's options trading profile?

DRI (Darden Restaurants) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 18% - 40% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.

How does DRI implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on DRI?

Popular strategies on DRI options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 18% - 40% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is DRI's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence DRI's intraday price action. DRI tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live DRI GEX levels and the gamma-flip point on ApexVol.

What is DRI's IV rank?

DRI's IV rank shows where DRI's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. DRI implied volatility typically ranges from 18% - 40%. Check DRI's live IV rank and percentile on ApexVol's IV analytics.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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