HES Gamma Exposure, IV Rank & Implied Volatility
Hess Corporation (HES) options data — GEX, IV rank, options chain & Greeks
HES options trade with implied volatility typically in the 22% - 50% 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 75.1 (the value shown here is illustrative) would mean implied volatility is in roughly the 75.1th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live HES IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real HES IV history on the live platform →
Comprehensive options market data for Hess Corporation (HES).
HES Options at a Glance
What's Covered in This Guide
1 About Hess Corporation (HES)
Hess Corporation (HES) is a oil & gas e&p company listed on NYSE.
Company Profile
Key Dates
Hess Corporation is a Oil & Gas E&P) company in the Energy sector.
2 HES Options Market Overview
HES options provide trading opportunities for options traders.
Liquidity Assessment: Very Good
HES options provide trading opportunities across multiple expirations.
3 HES Implied Volatility & IV Rank
HES 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 HES options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
HES IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
HES Gamma Exposure (GEX)
Gamma Exposure analysis for HES reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: HES tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common HES Options Strategies
These are strategies commonly used by traders on HES options, based on typical market characteristics. This is not investment advice.
Popular for HES shareholders seeking additional income.
Defined-risk directional exposure on HES.
Range-bound strategy for HES between events.
Key Considerations for HES Options
- Monitor HES earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- HES options liquidity varies by expiration - prefer near-term and monthly expirations
Frequently Asked Questions: HES Options
What is HES's typical implied volatility?
HES implied volatility typically ranges from 22% - 50%. IV patterns are influenced by earnings, sector events, and market conditions.
Does HES have weekly options?
Yes, HES offers weekly options expirations.
What is HES's options trading profile?
HES (Hess Corporation) 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 22% - 50% range. The position sits in the Energy category for portfolio diversification and options strategy design.
How does HES 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 HES?
Popular strategies on HES options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 50% 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 HES's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence HES's intraday price action. HES 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 HES GEX levels and the gamma-flip point on ApexVol.
What is HES's IV rank?
HES's IV rank shows where HES'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. HES implied volatility typically ranges from 22% - 50%. Check HES's live IV rank and percentile on ApexVol's IV analytics.
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