Healthcare Healthcare Reference Data Updated 2026-05-31

EW Gamma Exposure, IV Rank & Implied Volatility

Edwards Lifesciences (EW) options data — GEX, IV rank, options chain & Greeks

EW options trade with implied volatility typically in the 20% - 48% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 60.3 /100
IV 48.4%
Simulated data for display · open live EW on the platform →

An IV rank near 60.3 (the value shown here is illustrative) would mean implied volatility is in roughly the 60.3th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live EW IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 38.26%73.17%

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

Comprehensive options market data for Edwards Lifesciences (EW).

EW Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 20% - 48%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
20% - 48%
Market Cap
$40B+
Weeklies
Yes

1 About Edwards Lifesciences (EW)

Edwards Lifesciences is a global leader in structural heart disease and critical care monitoring, pioneering transcatheter aortic valve replacement (TAVR) technology.

Company Profile

Sector Healthcare
Industry Medical Devices
Market Cap $40B+
Exchange NYSE

Key Dates

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

Edwards Lifesciences operates in the Healthcare sector.

2 EW Options Market Overview

EW 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

EW options are available for trading across multiple expirations.

3 EW Implied Volatility & IV Rank

EW implied volatility reflects healthcare outcomes, clinical trials, and regulatory decisions.

Low IV Environment
20% - 27%
Below average volatility
Typical IV Range
27% - 41%
Normal conditions
Elevated IV
41% - 48%
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 EW options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

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

Term Structure

Typically upward sloping under normal conditions.

View EW Volatility Lab

EW Gamma Exposure (GEX)

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

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

Key Levels:

Dealer Hedging:

View Live EW GEX

4 Common EW Options Strategies

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

Popular for EW shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on EW.

Range-bound strategy for EW between events.

Key Considerations for EW Options

  • EW 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: EW Options

What is EW's typical implied volatility?

EW implied volatility typically ranges from 20% - 48%.

Does EW have weekly options?

EW offers weekly options.

What is EW's options trading profile?

EW (Edwards Lifesciences) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 20% - 48% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.

How does EW 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 EW?

Popular strategies on EW options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 20% - 48% 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 EW's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence EW's intraday price action. EW 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 EW GEX levels and the gamma-flip point on ApexVol.

What is EW's IV rank?

EW's IV rank shows where EW'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. EW implied volatility typically ranges from 20% - 48%. Check EW'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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