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Communication Services · International/Growth

ROKU Implied Volatility, IV Rank & Options Chain

Roku Inc. (ROKU) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Roku Inc.

Updated Reference data
Open ROKU in the Terminal ROKU GEX levels IV Intelligence Positioning

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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

ROKU options trade with implied volatility typically in the 45% - 110% range, averaging 80K+ contracts in daily volume with very good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

ROKU implied volatility

As of 2026-10-26

As of 2026-10-26, ROKU's 30-day implied volatility is 19.2%, placing its 1-year IV percentile at 10.0 — above 10.0% of the past year's daily IV readings, a low-IV, premium-buying regime favoring long calls/puts and debit spreads.

19.2%30-day IV
10.01-year IV rank

ROKU live chain, Greeks and GEX

Terminal

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

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ROKU options at a glance

Daily volume
80K+ contracts
IV range
45% - 110%
Bid-ask spread
$0.05 - $0.15 ATM
Expirations
Weekly, monthly, LEAPS
Open interest
1M+ contracts
Next earnings
See earnings calendar
80K+ contractsDaily Volume
1M+Open Interest
$0.05-0.15ATM Spread
45-110%IV Range
Streaming PlatformFocus
#1 U.S. PlatformPosition

About Roku Inc. (ROKU)

Roku Inc. operates the leading TV streaming platform in North America. The company generates revenue from streaming device sales, platform revenue (advertising, content distribution fees), and its own free ad-supported streaming service (The Roku Channel). Roku's strength is its neutral platform position in the streaming wars.

Company profile

Sector
Communication Services
Industry
Consumer Electronics
Market cap
$10B+ (highly variable)
Exchange
NASDAQ

Key dates

Next earnings
See earnings calendar
Earnings frequency
Quarterly
Dividend schedule
None
Fiscal year end
December

Roku is the #1 streaming platform in the U.S. by active accounts. Its neutral position allows partnerships with all major streaming services.

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ROKU options market overview

ROKU options are liquid with strong retail interest in the streaming platform story. Volume spikes on earnings and streaming industry news.

Average daily volume
80K+ contracts
Total open interest
1M+ contracts
Put/call ratio
0.55 - 0.90 typical
Typical ATM spread
$0.05 - $0.15 ATM
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Very Good

ROKU options have good liquidity. Higher stock price means wider dollar spreads.

ROKU implied volatility and IV rank

ROKU implied volatility is elevated due to streaming industry uncertainty and ad revenue sensitivity. Earnings can move the stock significantly.

45% - 58%Low IV, below average
58% - 75%Typical, normal conditions
75% - 110%Elevated, above average

Earnings impact

IV builds before earnings. Active accounts, ARPU, and platform revenue are key focus areas.

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

Historical volatility vs IV

IV trades at modest premium reflecting streaming industry uncertainty.

Term structure

Steep into earnings. Flattens in quieter periods.

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

Open ROKU in IV Intelligence

ROKU gamma exposure (GEX)

Gamma Exposure analysis for ROKU shows mixed positioning reflecting streaming sentiment.

  • Typical GEX profile. ROKU gamma can swing with streaming industry news and earnings.
  • Key levels. $10 strike intervals attract significant positioning.
  • Dealer hedging. Dealer hedging is active around major strikes.

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

See live ROKU GEX

Common ROKU options strategies

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

Vertical SpreadsDirectional. Manage premium costs on directional bets. Essential for higher-priced ROKU. StraddlesVolatility. Play for big earnings moves. ROKU can exceed implied moves. LEAPS CallsLong-Term. Long-term bet on connected TV growth and platform monetization. Cash-Secured PutsIncome. Accumulate shares at lower prices. Good IV premiums available. Iron CondorsNeutral. Post-earnings IV crush plays. Range-bound strategies between catalysts.

Every options strategy, ranked by what it is for

Key considerations for ROKU options

  • Roku is the leading streaming platform but faces competition from smart TV manufacturers
  • Platform revenue (ads, content distribution) is more profitable than device sales
  • The Roku Channel (free ad-supported streaming) is a growing asset
  • Connected TV advertising is a growing market
  • Neutral platform position is valuable in streaming wars
  • Active accounts and ARPU (average revenue per user) are key metrics

ROKU key events

Earnings months. February, May, August, November

  • Streaming Service Partnership Updates
  • Connected TV Advertising Upfronts
  • New Device Launches
  • Roku Channel Content Additions

ROKU options data by API, or in Claude

Every number on this page is one request away. The implied volatility API returns ROKU's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.

GET /api/mcp/data/iv-rank/ROKUBearer token, JSON back
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
     "https://apexvol.com/api/mcp/data/iv-rank/ROKU"
In Claudethrough the MCP server
You

What is ROKU's IV rank right now, and where is its gamma flip?

Claude calls get_iv_rank and get_gex

Try GEX on ROKU in the console, more prompts for ROKU, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.

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 2026-10-26. 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 ROKU options.

How liquid are ROKU options?

ROKU options have good liquidity with average daily volume exceeding 80,000 contracts. Higher stock price means wider dollar spreads than lower-priced stocks.

What is ROKU's typical implied volatility?

ROKU implied volatility typically ranges from 45% to 110%. Normal conditions see IV between 58-75%.

What is Roku's business model?

Roku makes money from streaming device sales and platform revenue (advertising, content distribution fees from streaming services, and The Roku Channel ad-supported streaming).

How does Roku compete?

Roku's neutral position allows it to partner with all streaming services. It competes with Amazon Fire TV, Google TV, and smart TV manufacturers building their own platforms.

When does ROKU report earnings?

ROKU reports quarterly in February, May, August, and November.

What is the best time to trade ROKU options?

The most liquid trading hours for ROKU 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 ROKU option Greeks?

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

What happens to ROKU options at expiration?

In-the-money ROKU 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 ROKU's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence ROKU's intraday price action. ROKU gamma can swing with streaming industry news and earnings. Dealer hedging is active around major strikes. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live ROKU GEX levels and the gamma-flip point on ApexVol.

What is ROKU's IV rank?

ROKU's IV rank shows where ROKU'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. ROKU implied volatility typically ranges from 45% - 110%. Check ROKU's live IV rank and percentile on ApexVol's IV analytics.

Keep reading

Where ROKU
gets priced.

ROKU analytics

ROKU Gamma ExposureReal-time GEX levels and dealer positioning ROKU IV AnalyticsIV rank, percentile, and volatility cone ROKU Options FlowTrack streaming platform positioning ROKU Event AnalysisEarnings history and patterns

Run it, do not just read it

Options profit calculatorPayoff, breakeven and Greeks. Greeks calculatorDelta, gamma, theta, vega. IV rank calculatorImplied volatility and IV rank. Options chainReal-time Greeks on a live chain. Greeks heatmapWhere the exposure actually sits. Volatility labIV analysis across the surface. Strategy simulatorTest the structure before you place it. IV intelligenceThe surface in three dimensions. Options screenerFind the setups worth a look. Historical dataPast snapshots, back to 2007. EarningsHistorical moves and the IV around them. 0DTE analyticsSame-day expiration, same-day risk.

Related tickers

NFLX optionsNetflix. Streaming content peer. DIS optionsWalt Disney. Disney+ streaming peer. PARA optionsParamount Global. Streaming content peer. AMZN optionsAmazon. Fire TV competitor. GOOGL optionsAlphabet. Google TV competitor.

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