Speculative High Volatility Reference Data Updated 2026-05-31

UPST Gamma Exposure, IV Rank & Implied Volatility

Upstart Holdings Inc. (UPST) options data — GEX, IV rank, options chain & Greeks

UPST options trade with implied volatility typically in the 50% - 150% range, averaging 100K+ contracts in daily volume with good liquidity. Next earnings: Check earnings calendar. Weekly options and LEAPS are available.

As of 2026-06-18, UPST's 30-day implied volatility is 70.3%, placing its IV rank at 46.0 — the 46.0th percentile of its 52-week range, a middle range, neutral between selling and buying premium.

Comprehensive options market data for Upstart Holdings Inc.

UPST Options at a Glance

Daily Volume: 100K+ contracts
Bid-Ask Spread: Varies by strike
Open Interest: 500K+ contracts
IV Range: 50% - 150%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: Check earnings calendar
Avg Volume
100K+ contracts
Open Interest
500K+ contracts
IV Range
50% - 150%
Liquidity
Good
Weeklies
Yes
LEAPS
Yes

1 About Upstart Holdings Inc. (UPST)

Upstart Holdings Inc. trades on NASDAQ. Options on UPST are actively traded by retail and institutional investors.

Company Profile

Sector Speculative
Industry Fintech
Market Cap Mid Cap
Exchange NASDAQ

Key Dates

Next Earnings Check earnings calendar
Earnings Frequency Quarterly
Dividend Schedule Varies
Fiscal Year End December

UPST is an actively traded options name in the Fintech space.

2 UPST Options Market Overview

UPST options offer good liquidity for traders seeking exposure to Fintech.

Average Daily Volume 100K+ contracts
Total Open Interest 500K+ contracts
Put/Call Ratio 0.6 - 1.0 typical
Typical ATM Spread Varies by strike
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

UPST options provide good liquidity for most trading strategies.

3 UPST Implied Volatility & IV Rank

UPST implied volatility reflects market expectations for Upstart Holdings Inc. price movement.

Low IV Environment
50% - 70%
Below average volatility
Typical IV Range
70% - 100%
Normal conditions
Elevated IV
100% - 150%
Above average volatility

Earnings Impact

IV typically increases before earnings and contracts afterward (IV crush).

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

Historical Volatility vs IV

Compare IV to historical volatility to assess option pricing relative to realized moves.

Term Structure

Term structure varies with market conditions and upcoming events.

View UPST Volatility Lab

UPST Gamma Exposure (GEX)

Gamma Exposure (GEX) analysis for UPST shows how dealer hedging may impact price behavior.

Typical GEX Profile: GEX profile varies based on market conditions and option positioning.

Key Levels: Major put and call walls at round number strikes may act as support/resistance.

Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.

View Live UPST GEX

4 Common UPST Options Strategies

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

Vertical Spreads Directional

Used by UPST traders for directional exposure. Good liquidity supports efficient execution.

Straddles Volatility

Used by UPST traders for volatility exposure. Good liquidity supports efficient execution.

Used by UPST traders for neutral exposure. Good liquidity supports efficient execution.

Butterflies Precision

Used by UPST traders for precision exposure. Good liquidity supports efficient execution.

Used by UPST traders for income exposure. Good liquidity supports efficient execution.

Key Considerations for UPST Options

  • UPST options liquidity: Good - affects execution quality
  • IV range: 50% - 150% - important for premium selling strategies
  • Earnings events can significantly impact IV and option prices
  • Consider position sizing based on underlying volatility
  • Weekly options available for short-term strategies
  • LEAPS available for longer-term positioning

Frequently Asked Questions: UPST Options

What are UPST options?

UPST options are derivative contracts that give you the right to buy (call) or sell (put) Upstart Holdings Inc. shares at a specific price before expiration.

How do I analyze UPST implied volatility?

UPST IV typically ranges from 50% - 70% during quiet periods to 100% - 150% around earnings and major events. Compare current IV to historical ranges to assess relative value.

What is the typical bid-ask spread for UPST options?

UPST options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.

When does UPST report earnings?

Upstart Holdings Inc. typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.

What strategies work best for UPST options?

Popular UPST strategies include vertical spreads, straddles, and iron condors. Strategy selection depends on market outlook and risk tolerance.

What is the best time to trade UPST options?

The most liquid trading hours for UPST 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 UPST option Greeks?

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

What happens to UPST options at expiration?

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

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence UPST's intraday price action. GEX profile varies based on market conditions and option positioning. Dealer hedging activity can influence price behavior at key gamma levels. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live UPST GEX levels and the gamma-flip point on ApexVol.

What is UPST's IV rank?

UPST's IV rank shows where UPST'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. UPST implied volatility typically ranges from 50% - 150%. Check UPST'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 →

Explore UPST Options Data

Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.

7 days free, cancel anytime No charge if you cancel
Start trial →