HCA Gamma Exposure, IV Rank & Implied Volatility
HCA Healthcare (HCA) options data — GEX, IV rank, options chain & Greeks
HCA 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.
An IV rank near 56.5 (the value shown here is illustrative) would mean implied volatility is in roughly the 56.5th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live HCA IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real HCA IV history on the live platform →
Comprehensive options market data for HCA Healthcare (HCA).
HCA Options at a Glance
What's Covered in This Guide
1 About HCA Healthcare (HCA)
HCA Healthcare is the nation's largest for-profit hospital operator, managing 186 hospitals and 2,400+ care sites across 20 states and the United Kingdom.
Company Profile
Key Dates
HCA Healthcare operates in the Healthcare sector.
2 HCA Options Market Overview
HCA options provide good liquidity for options traders.
Liquidity Assessment: Good
HCA options are available for trading across multiple expirations.
3 HCA Implied Volatility & IV Rank
HCA implied volatility reflects healthcare outcomes, clinical trials, and regulatory decisions.
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 HCA options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
HCA IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
HCA Gamma Exposure (GEX)
Gamma Exposure analysis for HCA reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: HCA tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common HCA Options Strategies
These are strategies commonly used by traders on HCA options, based on typical market characteristics. This is not investment advice.
Popular for HCA shareholders seeking additional income.
Defined-risk directional exposure on HCA.
Range-bound strategy for HCA between events.
Key Considerations for HCA Options
- HCA 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: HCA Options
What is HCA's typical implied volatility?
HCA implied volatility typically ranges from 18% - 40%.
Does HCA have weekly options?
HCA offers weekly options.
What is HCA's options trading profile?
HCA (HCA Healthcare) 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 Healthcare category for portfolio diversification and options strategy design.
How does HCA 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 HCA?
Popular strategies on HCA 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 HCA's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence HCA's intraday price action. HCA 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 HCA GEX levels and the gamma-flip point on ApexVol.
What is HCA's IV rank?
HCA's IV rank shows where HCA'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. HCA implied volatility typically ranges from 18% - 40%. Check HCA's live IV rank and percentile on ApexVol's IV analytics.
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