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Materials · Industrial

STLD Implied Volatility, IV Rank & Options Chain

Steel Dynamics Inc. (STLD) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Steel Dynamics Inc.

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

STLD options trade with implied volatility typically in the 22% - 48% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

STLD implied volatility

As of 2026-09-01

As of 2026-09-01, STLD's 30-day implied volatility is 40.4%, placing its 1-year IV percentile at 57.0 — above 57.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.

40.4%30-day IV
57.01-year IV rank

STLD live chain, Greeks and GEX

Terminal

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

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STLD options at a glance

Daily volume
N/A
IV range
22% - 48%
Bid-ask spread
N/A
Expirations
Weekly, monthly, LEAPS
Open interest
N/A
Next earnings
See earnings calendar
GoodLiquidity
22% - 48%IV Range
$18B+Market Cap
YesWeeklies

About Steel Dynamics Inc. (STLD)

Steel Dynamics is a leading domestic steel producer and metals recycler, operating electric arc furnace mini-mills and a growing metals recycling platform.

Company profile

Sector
Materials
Industry
Steel
Market cap
$18B+
Exchange
NASDAQ

Key dates

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

Steel Dynamics Inc. operates in the Materials sector.

STLD options market overview

STLD 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

STLD options are available for trading across multiple expirations.

STLD implied volatility and IV rank

STLD implied volatility is moderate, reflecting economic cycle exposure and industrial spending trends. IV is driven by earnings and macroeconomic data.

22% - 28%Low IV, below average
28% - 41%Typical, normal conditions
41% - 48%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 STLD options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

STLD 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 STLD, on today's chain.

Open the Volatility Lab

STLD gamma exposure (GEX)

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

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

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

See live STLD GEX

Common STLD options strategies

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

Key considerations for STLD options

  • STLD 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

STLD 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 STLD options.

What is STLD's typical implied volatility?

STLD implied volatility typically ranges from 22% - 48%.

Does STLD have weekly options?

STLD offers weekly options.

What is STLD's options trading profile?

STLD (Steel Dynamics Inc.) 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% - 48% range. The position sits in the Materials category for portfolio diversification and options strategy design.

How does STLD 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 STLD?

Popular strategies on STLD options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 48% 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 STLD's gamma exposure (GEX)?

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

What is STLD's IV rank?

STLD's IV rank shows where STLD'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. STLD implied volatility typically ranges from 22% - 48%. Check STLD's live IV rank and percentile on ApexVol's IV analytics.

Reference data reads well.
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