NOC Gamma Exposure, IV Rank & Implied Volatility
Northrop Grumman (NOC) options data — GEX, IV rank, options chain & Greeks
NOC options trade with implied volatility typically in the 15% - 35% 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 59.5 (the value shown here is illustrative) would mean implied volatility is in roughly the 59.5th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live NOC IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real NOC IV history on the live platform →
Comprehensive options market data for Northrop Grumman (NOC).
NOC Options at a Glance
What's Covered in This Guide
1 About Northrop Grumman (NOC)
Northrop Grumman (NOC) is a defense company listed on NYSE.
Company Profile
Key Dates
Northrop Grumman is a Defense) company in the Industrials sector.
2 NOC Options Market Overview
NOC options provide trading opportunities for options traders.
Liquidity Assessment: Very Good
NOC options provide trading opportunities across multiple expirations.
3 NOC Implied Volatility & IV Rank
NOC implied volatility patterns reflect the defense 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 NOC options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
NOC IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
NOC Gamma Exposure (GEX)
Gamma Exposure analysis for NOC reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: NOC tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common NOC Options Strategies
These are strategies commonly used by traders on NOC options, based on typical market characteristics. This is not investment advice.
Popular for NOC shareholders seeking additional income.
Defined-risk directional exposure on NOC.
Range-bound strategy for NOC between events.
Key Considerations for NOC Options
- Monitor NOC earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- NOC options liquidity varies by expiration - prefer near-term and monthly expirations
Frequently Asked Questions: NOC Options
What is NOC's typical implied volatility?
NOC implied volatility typically ranges from 15% - 35%. IV patterns are influenced by earnings, sector events, and market conditions.
Does NOC have weekly options?
Yes, NOC offers weekly options expirations.
What is NOC's options trading profile?
NOC (Northrop Grumman) 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 15% - 35% range. The position sits in the Industrials category for portfolio diversification and options strategy design.
How does NOC 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 NOC?
Popular strategies on NOC options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 15% - 35% 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 NOC's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence NOC's intraday price action. NOC 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 NOC GEX levels and the gamma-flip point on ApexVol.
What is NOC's IV rank?
NOC's IV rank shows where NOC'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. NOC implied volatility typically ranges from 15% - 35%. Check NOC's live IV rank and percentile on ApexVol's IV analytics.
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