Healthcare Healthcare Reference Data Updated 2026-05-31

INCY Gamma Exposure, IV Rank & Implied Volatility

Incyte Corporation (INCY) options data — GEX, IV rank, options chain & Greeks

INCY options trade with implied volatility typically in the 22% - 55% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 41.9 /100
IV 58.4%
Simulated data for display · open live INCY on the platform →

An IV rank near 41.9 (the value shown here is illustrative) would mean implied volatility is in roughly the 41.9th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live INCY IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 34.47%82.72%

Chart shows simulated data for display purposes. View the real INCY IV history on the live platform →

Comprehensive options market data for Incyte Corporation (INCY).

INCY Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 22% - 55%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
22% - 55%
Market Cap
$15B+
Weeklies
Yes

1 About Incyte Corporation (INCY)

Incyte is a biopharmaceutical company focused on oncology, inflammation, and autoimmunity, known for its JAK inhibitor Jakafi and expanding pipeline.

Company Profile

Sector Healthcare
Industry Biotechnology
Market Cap $15B+
Exchange NASDAQ

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

Incyte Corporation operates in the Healthcare sector.

2 INCY Options Market Overview

INCY options provide good liquidity 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: Good

INCY options are available for trading across multiple expirations.

3 INCY Implied Volatility & IV Rank

INCY implied volatility reflects healthcare outcomes, clinical trials, and regulatory decisions.

Low IV Environment
22% - 30%
Below average volatility
Typical IV Range
30% - 46%
Normal conditions
Elevated IV
46% - 55%
Above average volatility

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 INCY options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

INCY IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View INCY Volatility Lab

INCY Gamma Exposure (GEX)

Gamma Exposure analysis for INCY reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: INCY tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live INCY GEX

4 Common INCY Options Strategies

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

Popular for INCY shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on INCY.

Range-bound strategy for INCY between events.

Key Considerations for INCY Options

  • INCY 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: INCY Options

What is INCY's typical implied volatility?

INCY implied volatility typically ranges from 22% - 55%.

Does INCY have weekly options?

INCY offers weekly options.

What is INCY's options trading profile?

INCY (Incyte Corporation) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 22% - 55% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.

How does INCY 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 INCY?

Popular strategies on INCY options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 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 INCY's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence INCY's intraday price action. INCY 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 INCY GEX levels and the gamma-flip point on ApexVol.

What is INCY's IV rank?

INCY's IV rank shows where INCY'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. INCY implied volatility typically ranges from 22% - 55%. Check INCY'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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