Healthcare Healthcare Reference Data Updated 2026-05-31

EXAS Gamma Exposure, IV Rank & Implied Volatility

Exact Sciences Corporation (EXAS) options data — GEX, IV rank, options chain & Greeks

EXAS options trade with implied volatility typically in the 28% - 60% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 74.6 /100
IV 35.5%
Simulated data for display · open live EXAS on the platform →

An IV rank near 74.6 (the value shown here is illustrative) would mean implied volatility is in roughly the 74.6th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live EXAS IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 22.46%46.22%

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

Comprehensive options market data for Exact Sciences Corporation (EXAS).

EXAS Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 28% - 60%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
28% - 60%
Market Cap
$12B+
Weeklies
Yes

1 About Exact Sciences Corporation (EXAS)

Exact Sciences provides cancer screening and diagnostic tests, including the Cologuard at-home colorectal cancer screening test and oncology tissue analysis.

Company Profile

Sector Healthcare
Industry Diagnostics & Research
Market Cap $12B+
Exchange NASDAQ

Key Dates

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

Exact Sciences Corporation operates in the Healthcare sector.

2 EXAS Options Market Overview

EXAS 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

EXAS options are available for trading across multiple expirations.

3 EXAS Implied Volatility & IV Rank

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

Low IV Environment
28% - 36%
Below average volatility
Typical IV Range
36% - 52%
Normal conditions
Elevated IV
52% - 60%
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 EXAS options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

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

Term Structure

Typically upward sloping under normal conditions.

View EXAS Volatility Lab

EXAS Gamma Exposure (GEX)

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

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

Key Levels:

Dealer Hedging:

View Live EXAS GEX

4 Common EXAS Options Strategies

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

Popular for EXAS shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on EXAS.

Range-bound strategy for EXAS between events.

Key Considerations for EXAS Options

  • EXAS 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: EXAS Options

What is EXAS's typical implied volatility?

EXAS implied volatility typically ranges from 28% - 60%.

Does EXAS have weekly options?

EXAS offers weekly options.

What is EXAS's options trading profile?

EXAS (Exact Sciences Corporation) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 28% - 60% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.

How does EXAS 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 EXAS?

Popular strategies on EXAS options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 28% - 60% 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 EXAS's gamma exposure (GEX)?

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

What is EXAS's IV rank?

EXAS's IV rank shows where EXAS'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. EXAS implied volatility typically ranges from 28% - 60%. Check EXAS'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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