Energy · Energy
FANG Implied Volatility, IV Rank & Options Chain
Diamondback Energy (FANG) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Diamondback Energy (FANG).
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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.
FANG implied volatility
As of 2026-10-26As of 2026-10-26, FANG's 30-day implied volatility is 38.8%, placing its 1-year IV percentile at 78.0 — above 78.0% of the past year's daily IV readings, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.
FANG live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live FANG chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
FANG options at a glance
- Daily volume
- N/A
- IV range
- 25% - 55%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
About Diamondback Energy (FANG)
Diamondback Energy (FANG) is a oil & gas e&p company listed on NASDAQ.
Company profile
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Market cap
- See live data
- Exchange
- NASDAQ
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- See company page
- Fiscal year end
- December
Diamondback Energy is a Oil & Gas E&P) company in the Energy sector.
ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
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FANG options market overview
FANG options provide trading opportunities 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: Very Good
FANG options provide trading opportunities across multiple expirations.
FANG implied volatility and 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.
The smile, the term structure and the cone for FANG, on today's chain.
Open FANG in IV IntelligenceFANG 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.
Where the gamma sits on FANG right now, strike by strike.
See live FANG GEXCommon FANG options strategies
These are strategies commonly used by traders on FANG options, based on typical market characteristics. This is not investment advice.
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
FANG key events
Earnings months. January, April, July, October
FANG options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns FANG's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/FANG"What is FANG's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on FANG in the console, more prompts for FANG, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about 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.
Keep reading
Where FANG
gets priced.
FANG analytics
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