Technology Large Cap Tech Reference Data Updated 2026-05-31

HPQ Gamma Exposure, IV Rank & Implied Volatility

HP Inc. (HPQ) options data — GEX, IV rank, options chain & Greeks

HPQ options trade with implied volatility typically in the 25% - 60% range, averaging 200K+ contracts in daily volume with very good liquidity. Next earnings: Check earnings calendar. Weekly options and LEAPS are available.

As of 2026-06-18, HPQ's 30-day implied volatility is 44.6%, placing its IV rank at 82.0 — the 82.0th percentile of its 52-week range, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.

Comprehensive options market data for HP Inc.

HPQ Options at a Glance

Daily Volume: 200K+ contracts
Bid-Ask Spread: Varies by strike
Open Interest: 2M+ contracts
IV Range: 25% - 60%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: Check earnings calendar
Avg Volume
200K+ contracts
Open Interest
2M+ contracts
IV Range
25% - 60%
Liquidity
Very Good
Weeklies
Yes
LEAPS
Yes

1 About HP Inc. (HPQ)

HP Inc. trades on NYSE. Options on HPQ are actively traded by retail and institutional investors.

Company Profile

Sector Technology
Industry Hardware
Market Cap Large Cap
Exchange NYSE

Key Dates

Next Earnings Check earnings calendar
Earnings Frequency Quarterly
Dividend Schedule Varies
Fiscal Year End December

HPQ is an actively traded options name in the Hardware space.

2 HPQ Options Market Overview

HPQ options offer very good liquidity for traders seeking exposure to Hardware.

Average Daily Volume 200K+ contracts
Total Open Interest 2M+ contracts
Put/Call Ratio 0.6 - 1.0 typical
Typical ATM Spread Varies by strike
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Very Good

HPQ options provide very good liquidity for most trading strategies.

3 HPQ Implied Volatility & IV Rank

HPQ implied volatility reflects market expectations for HP Inc. price movement.

Low IV Environment
25% - 35%
Below average volatility
Typical IV Range
35% - 45%
Normal conditions
Elevated IV
45% - 60%
Above average volatility

Earnings Impact

IV typically increases before earnings and contracts afterward (IV crush).

The post-earnings volatility drop is known as IV crush. Holders of short HPQ options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

Compare IV to historical volatility to assess option pricing relative to realized moves.

Term Structure

Term structure varies with market conditions and upcoming events.

View HPQ Volatility Lab

HPQ Gamma Exposure (GEX)

Gamma Exposure (GEX) analysis for HPQ shows how dealer hedging may impact price behavior.

Typical GEX Profile: GEX profile varies based on market conditions and option positioning.

Key Levels: Major put and call walls at round number strikes may act as support/resistance.

Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.

View Live HPQ GEX

4 Common HPQ Options Strategies

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

Vertical Spreads Directional

Used by HPQ traders for directional exposure. Very Good liquidity supports efficient execution.

Straddles Volatility

Used by HPQ traders for volatility exposure. Very Good liquidity supports efficient execution.

Used by HPQ traders for neutral exposure. Very Good liquidity supports efficient execution.

Used by HPQ traders for income exposure. Very Good liquidity supports efficient execution.

Used by HPQ traders for time-based exposure. Very Good liquidity supports efficient execution.

Key Considerations for HPQ Options

  • HPQ options liquidity: Very Good - affects execution quality
  • IV range: 25% - 60% - important for premium selling strategies
  • Earnings events can significantly impact IV and option prices
  • Consider position sizing based on underlying volatility
  • Weekly options available for short-term strategies
  • LEAPS available for longer-term positioning

Frequently Asked Questions: HPQ Options

What are HPQ options?

HPQ options are derivative contracts that give you the right to buy (call) or sell (put) HP Inc. shares at a specific price before expiration.

How do I analyze HPQ implied volatility?

HPQ IV typically ranges from 25% - 35% during quiet periods to 45% - 60% around earnings and major events. Compare current IV to historical ranges to assess relative value.

What is the typical bid-ask spread for HPQ options?

HPQ options have very good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.

When does HPQ report earnings?

HP Inc. typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.

What strategies work best for HPQ options?

Popular HPQ strategies include vertical spreads, straddles, and iron condors. Strategy selection depends on market outlook and risk tolerance.

What is the best time to trade HPQ options?

The most liquid trading hours for HPQ options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.

How do I calculate HPQ option Greeks?

Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for HPQ options across all strikes and expirations.

What happens to HPQ options at expiration?

In-the-money HPQ options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.

What is HPQ's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence HPQ's intraday price action. GEX profile varies based on market conditions and option positioning. Dealer hedging activity can influence price behavior at key gamma levels. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live HPQ GEX levels and the gamma-flip point on ApexVol.

What is HPQ's IV rank?

HPQ's IV rank shows where HPQ'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. HPQ implied volatility typically ranges from 25% - 60%. Check HPQ'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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