FANG Gamma Exposure, IV Rank & Implied Volatility
Diamondback Energy (FANG) options data — GEX, IV rank, options chain & Greeks
FANG options trade with implied volatility typically in the 25% - 55% range, averaging N/A in daily volume with very good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
An IV rank near 73.7 (the value shown here is illustrative) would mean implied volatility is in roughly the 73.7th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live FANG IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real FANG IV history on the live platform →
Comprehensive options market data for Diamondback Energy (FANG).
FANG Options at a Glance
What's Covered in This Guide
1 About Diamondback Energy (FANG)
Diamondback Energy (FANG) is a oil & gas e&p company listed on NASDAQ.
Company Profile
Key Dates
Diamondback Energy is a Oil & Gas E&P) company in the Energy sector.
2 FANG Options Market Overview
FANG options provide trading opportunities for options traders.
Liquidity Assessment: Very Good
FANG options provide trading opportunities across multiple expirations.
3 FANG Implied Volatility & IV Rank
FANG implied volatility patterns reflect the oil & gas e&p sector dynamics.
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 FANG options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
FANG IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
FANG Gamma Exposure (GEX)
Gamma Exposure analysis for FANG reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: FANG tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common FANG Options Strategies
These are strategies commonly used by traders on FANG options, based on typical market characteristics. This is not investment advice.
Popular for FANG shareholders seeking additional income.
Defined-risk directional exposure on FANG.
Range-bound strategy for FANG between events.
Key Considerations for FANG Options
- Monitor FANG earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- FANG options liquidity varies by expiration - prefer near-term and monthly expirations
Frequently Asked Questions: FANG Options
What is FANG's typical implied volatility?
FANG implied volatility typically ranges from 25% - 55%. IV patterns are influenced by earnings, sector events, and market conditions.
Does FANG have weekly options?
Yes, FANG offers weekly options expirations.
What is FANG's options trading profile?
FANG (Diamondback Energy) options trade with very good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 25% - 55% range. The position sits in the Energy category for portfolio diversification and options strategy design.
How does FANG 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 FANG?
Popular strategies on FANG options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 25% - 55% 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 FANG's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence FANG's intraday price action. FANG 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 FANG GEX levels and the gamma-flip point on ApexVol.
What is FANG's IV rank?
FANG's IV rank shows where FANG'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. FANG implied volatility typically ranges from 25% - 55%. Check FANG's live IV rank and percentile on ApexVol's IV analytics.
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