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Consumer Discretionary · Consumer

ORLY Implied Volatility, IV Rank & Options Chain

O'Reilly Automotive (ORLY) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for O'Reilly Automotive (ORLY).

Updated Reference data

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

ORLY options trade with implied volatility typically in the 15% - 35% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

ORLY implied volatility

As of 2026-09-01

As of 2026-09-01, ORLY's 30-day implied volatility is 26.6%, placing its 1-year IV percentile at 65.0 — above 65.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.

26.6%30-day IV
65.01-year IV rank

ORLY live chain, Greeks and GEX

Terminal

Every figure above is reference data. The live ORLY chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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ORLY options at a glance

Daily volume
N/A
IV range
15% - 35%
Bid-ask spread
N/A
Expirations
Weekly, monthly, LEAPS
Open interest
N/A
Next earnings
See earnings calendar
GoodLiquidity
15% - 35%IV Range
$65B+Market Cap
YesWeeklies

About O'Reilly Automotive (ORLY)

O'Reilly Automotive is a leading retailer of automotive aftermarket parts and accessories in the U.S. The company's dual DIY/professional model supports consistent growth.

Company profile

Sector
Consumer Discretionary
Industry
Specialty Retail
Market cap
$65B+
Exchange
NASDAQ

Key dates

Next earnings
See earnings calendar
Earnings frequency
Quarterly
Dividend schedule
See company page
Fiscal year end
December

O'Reilly Automotive operates in the Consumer Discretionary sector.

ORLY options market overview

ORLY 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

ORLY options are available for trading across multiple expirations.

ORLY implied volatility and IV rank

ORLY implied volatility reflects consumer spending trends and competitive dynamics. IV patterns are influenced by earnings, sales data, and consumer sentiment.

15% - 20%Low IV, below average
20% - 30%Typical, normal conditions
30% - 35%Elevated, above average

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

Historical volatility vs IV

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

Term structure

Typically upward sloping under normal conditions.

The smile, the term structure and the cone for ORLY, on today's chain.

Open the Volatility Lab

ORLY gamma exposure (GEX)

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

  • Typical GEX profile. ORLY tends to operate in a positive gamma environment during normal conditions.
  • Key levels.
  • Dealer hedging.

Where the gamma sits on ORLY right now, strike by strike.

See live ORLY GEX

Common ORLY options strategies

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

Key considerations for ORLY options

  • ORLY 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

ORLY key events

Earnings months. January, April, July, October

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-09-01. How we research →

Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.

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Questions

Frequently asked
about ORLY options.

What is ORLY's typical implied volatility?

ORLY implied volatility typically ranges from 15% - 35%.

Does ORLY have weekly options?

ORLY offers weekly options.

What is ORLY's options trading profile?

ORLY (O'Reilly Automotive) options trade with 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 Consumer Discretionary category for portfolio diversification and options strategy design.

How does ORLY 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 ORLY?

Popular strategies on ORLY 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 ORLY's gamma exposure (GEX)?

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

What is ORLY's IV rank?

ORLY's IV rank shows where ORLY'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. ORLY implied volatility typically ranges from 15% - 35%. Check ORLY's live IV rank and percentile on ApexVol's IV analytics.

Reference data reads well.
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