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🌡️ Volatility Monitor

NIFTY at-the-money implied volatility · 9.5% percentile 12% of history since 2024

Computed daily from NSE settlement prices via put-call parity (own engine, validated against India VIX to within 1 vol point). History accrues automatically each evening.

What our research says about this number: we measured the gap between implied and subsequently realized volatility across 135 expiry cycles (2024-2026). The premium is real in normal times (median +2.2 vol points, positive 73% of cycles) but the tail cycles reclaim ALL of it: in variance terms the harvest was zero to negative, and below the risk-free rate after costs. That is why nothing here is a "sell options" signal. High IV percentile mainly means: expect bigger moves, size smaller.

Single-stock ATM IV snapshot (2026-09-08, near expiry 7-45 days)

IV vs each stock's own 20-day realized volatility. A large positive spread = options pricing in much more movement than recent reality (often a results date or event); check the stock's earnings page before reading it as opportunity.

StockSectorATM IVIV rank (1y)20d realizedIV - RVSkew (25d put-call)Term slope
IDEATelecommunication41.4%17%45.4%-4.0-5.0-2.4
SAILMetals & Mining39.8%79%39.5%+0.3+3.6n/a
BSEFinancial Services33.4%9%34.1%-0.7+2.0-0.6
OFSSInformation Technology33.3%46%28.3%+5.0-0.5n/a
MCXFinancial Services32.9%28%37.5%-4.6+0.5+14.9
ANGELONEFinancial Services32.5%11%32.6%-0.0-0.3+10.7
NATIONALUMMetals & Mining32.5%35%49.0%-16.5-1.8-1.5
ADANIENSOLPower32.1%22%48.0%-15.9-0.8n/a
PAYTMFinancial Services32.1%26%39.1%-7.0-0.5n/a
LODHARealty31.5%34%33.7%-2.1-0.5n/a
VEDLMetals & Mining31.1%40%32.3%-1.2-1.8+18.8
GODREJPROPRealty30.4%30%24.9%+5.5+0.2+12.8
MPHASISInformation Technology30.1%28%22.0%+8.2+6.6n/a
PERSISTENTInformation Technology29.6%24%32.8%-3.3+0.2+13.6
DIXONConsumer Durables29.4%19%25.0%+4.4-1.8+7.1
BHELCapital Goods29.3%30%33.8%-4.5-1.1+16.0
PRESTIGERealty29.3%20%27.6%+1.6-1.2n/a
LICHSGFINFinancial Services29.2%81%25.8%+3.4-1.3+6.9
BANDHANBNKFinancial Services29.1%19%25.5%+3.6-0.0+20.1
ADANIGREENPower29.0%5%39.2%-10.2-0.3n/a
COFORGEInformation Technology29.0%22%30.3%-1.3+0.8+17.6
TATAELXSIInformation Technology28.6%30%20.8%+7.8-2.9+8.9
TIINDIAAutomobile and Auto Components28.2%20%34.0%-5.8-1.7n/a
CROMPTONConsumer Durables27.9%35%22.5%+5.4-1.8+8.0
POLICYBZRFinancial Services27.9%10%24.9%+2.9+1.5n/a
MUTHOOTFINFinancial Services27.6%35%36.3%-8.8-0.7+0.5
LTFFinancial Services27.5%22%30.3%-2.8-0.7+7.3
SIEMENSCapital Goods27.4%35%22.5%+4.9+6.2n/a
ASHOKLEYCapital Goods27.3%30%23.7%+3.6-1.9+7.8
IEXFinancial Services27.3%17%10.7%+16.6-2.8+17.7
CGPOWERCapital Goods26.8%18%29.3%-2.5-1.0+7.0
SHRIRAMFINFinancial Services26.8%14%24.4%+2.4-0.6+15.8
INFYInformation Technology26.6%45%25.3%+1.3+1.0+2.5
CAMSFinancial Services26.6%24%24.8%+1.8+9.7n/a
CDSLFinancial Services26.4%11%22.6%+3.8-2.1+7.3
HCLTECHInformation Technology26.3%50%24.3%+2.0-0.7+2.7
SBICARDFinancial Services26.2%40%32.3%-6.1+1.1+2.0
NAUKRIConsumer Services26.2%20%23.7%+2.5-1.0n/a
OILOil Gas & Consumable Fuels26.2%23%22.2%+3.9-1.2n/a
ADANIENTMetals & Mining26.1%14%41.9%-15.7+0.8+1.6
VOLTASConsumer Durables26.1%26%28.9%-2.9+0.2+11.9
ABBCapital Goods26.1%32%19.4%+6.7-1.4n/a
CHOLAFINFinancial Services26.0%35%16.0%+10.0-0.2n/a
CONCORServices25.8%49%30.0%-4.2+2.1n/a
UNOMINDAAutomobile and Auto Components25.7%10%23.4%+2.2-0.9n/a
HINDPETROOil Gas & Consumable Fuels25.6%19%24.6%+1.0-0.2+8.0
OBEROIRLTYRealty25.5%20%27.5%-2.0+4.7n/a
JUBLFOODConsumer Services25.4%23%25.6%-0.2-1.9n/a
VBLFast Moving Consumer Goods25.3%17%26.7%-1.4-1.5+11.9
DLFRealty25.3%26%17.5%+7.8-0.1+11.8
PATANJALIFast Moving Consumer Goods25.3%24%8.2%+17.0-0.0n/a
PIINDChemicals25.3%37%38.2%-12.9-0.8n/a
AUROPHARMAHealthcare25.2%27%24.4%+0.8-0.8n/a
APLAPOLLOCapital Goods25.2%47%27.9%-2.8-2.1n/a
BPCLOil Gas & Consumable Fuels25.1%28%20.0%+5.0+0.6-0.0
GLENMARKHealthcare25.0%19%24.0%+1.0-0.4n/a
TRENTConsumer Services24.9%14%12.7%+12.2-0.6n/a
TECHMInformation Technology24.8%38%20.0%+4.9+0.0+8.3
JIOFINFinancial Services24.7%26%18.3%+6.4-3.0+10.9
MOTHERSONAutomobile and Auto Components24.7%3%20.1%+4.6+0.7n/a
TATASTEELMetals & Mining24.5%33%16.2%+8.3-1.4-2.1
TCSInformation Technology24.5%48%26.6%-2.2+0.1+8.8
WIPROInformation Technology24.3%35%20.9%+3.4-1.4+1.5
HALCapital Goods24.1%16%21.1%+2.9-1.1-0.4
ICICIPRULIFinancial Services24.0%43%28.5%-4.5-1.4+3.8
INDUSTOWERTelecommunication24.0%18%29.1%-5.1+8.5n/a
NMDCMetals & Mining23.9%15%24.1%-0.1-1.2+11.4
INDIGOServices23.8%33%18.5%+5.3-0.2n/a
GMRAIRPORTServices23.8%9%25.1%-1.4-1.7n/a
MFSLFinancial Services23.7%22%25.1%-1.3-0.1n/a
ZYDUSLIFEHealthcare23.6%44%30.3%-6.7-1.5n/a
CANBKFinancial Services23.6%8%14.2%+9.4-1.7+6.7
ABCAPITALFinancial Services23.6%3%23.0%+0.5-0.0n/a
LAURUSLABSHealthcare23.5%7%29.4%-5.9-1.6+4.8
SHREECEMConstruction Materials23.4%52%22.4%+1.0+3.8n/a
PHOENIXLTDRealty23.3%14%16.8%+6.5+11.1n/a
BIOCONHealthcare23.2%8%18.3%+4.9-0.9+15.7
MAXHEALTHHealthcare23.2%12%25.1%-1.9-0.2n/a
IRFCFinancial Services23.2%10%11.8%+11.4-1.5-4.4
BOSCHLTDAutomobile and Auto Components23.1%33%27.3%-4.2-0.2n/a
POLYCABCapital Goods23.0%16%36.7%-13.7-1.4+23.0
JINDALSTELMetals & Mining22.9%15%22.2%+0.7+0.0n/a
HEROMOTOCOAutomobile and Auto Components22.7%19%22.2%+0.5-1.0+9.0
CUMMINSINDCapital Goods22.6%18%17.5%+5.1+0.7n/a
HINDALCOMetals & Mining22.6%20%24.4%-1.8-1.3+15.6
TVSMOTORAutomobile and Auto Components22.6%16%19.3%+3.3-0.9+11.0
AUBANKFinancial Services22.6%14%19.4%+3.1-0.2n/a
PNBFinancial Services22.3%12%20.3%+1.9-4.0+11.9
PAGEINDTextiles22.0%18%26.4%-4.4+0.4n/a
HAVELLSConsumer Durables22.0%32%21.5%+0.6-1.2+6.7
DMARTConsumer Services21.9%15%16.2%+5.6-1.7+9.2
SRFChemicals21.8%12%15.6%+6.2-0.8n/a
INDUSINDBKFinancial Services21.7%4%19.5%+2.3+0.2+18.1
MANKINDHealthcare21.7%9%18.4%+3.3-1.3n/a
UPLChemicals21.5%12%19.5%+2.0-1.7+16.6
HDFCLIFEFinancial Services21.5%50%19.1%+2.3-0.2-0.0
RECLTDFinancial Services21.3%11%22.8%-1.5-1.1+16.8
BANKBARODAFinancial Services21.1%9%15.7%+5.4-1.3n/a
IDFCFIRSTBFinancial Services21.1%4%20.9%+0.2+0.8+15.8
M&MAutomobile and Auto Components21.1%16%15.3%+5.8-1.3+12.6
YESBANKFinancial Services21.1%6%22.0%-0.9-0.6+8.9
BAJFINANCEFinancial Services21.0%15%13.5%+7.4+7.4+8.2
IOCOil Gas & Consumable Fuels21.0%23%16.1%+4.9-0.2+11.1
AMBUJACEMConstruction Materials21.0%21%17.0%+3.9+0.0+13.2
DIVISLABHealthcare21.0%24%26.6%-5.7-0.2+5.2
PFCFinancial Services20.8%8%26.9%-6.1-0.1+17.8
FORTISHealthcare20.8%4%23.2%-2.5-11.2n/a
GODREJCPFast Moving Consumer Goods20.7%15%45.7%-24.9-0.3+12.7
BELCapital Goods20.5%5%14.5%+6.0+0.1+0.2
COLPALFast Moving Consumer Goods20.5%25%21.8%-1.3+5.1+9.0
LUPINHealthcare20.2%17%12.3%+7.9-0.9n/a
SBILIFEFinancial Services20.1%45%19.6%+0.5-0.9n/a
FEDERALBNKFinancial Services20.0%23%23.8%-3.8-0.2+10.7
PETRONETOil Gas & Consumable Fuels19.9%18%20.8%-1.0-0.3n/a
TORNTPHARMHealthcare19.8%29%20.8%-1.0-0.9n/a
INDHOTELConsumer Services19.7%17%23.2%-3.5-0.8+12.5
JSWSTEELMetals & Mining19.7%6%18.2%+1.5-0.3n/a
ADANIPORTSServices19.6%9%33.2%-13.5+1.1n/a
ASIANPAINTConsumer Durables19.5%26%18.0%+1.5-0.3+7.6
EICHERMOTAutomobile and Auto Components19.5%18%15.1%+4.4-1.4n/a
UNITDSPRFast Moving Consumer Goods19.5%19%16.6%+2.9-1.2n/a
NHPCPower19.4%2%14.9%+4.4-0.9+13.0
ALKEMHealthcare19.4%16%14.9%+4.5-5.3n/a
TATACONSUMFast Moving Consumer Goods19.2%12%16.7%+2.5-0.6n/a
DRREDDYHealthcare19.1%21%13.7%+5.4-0.4+8.5
GAILOil Gas & Consumable Fuels19.1%6%22.1%-3.1+0.4+6.8
MARUTIAutomobile and Auto Components18.8%34%19.2%-0.5-0.3+0.3
CIPLAHealthcare18.7%19%13.1%+5.5+0.8n/a
ULTRACEMCOConstruction Materials18.6%34%16.4%+2.2+6.8n/a
SBINFinancial Services18.5%35%15.1%+3.4-0.7+5.3
TATAPOWERPower18.5%10%21.5%-3.0-1.3+0.3
DABURFast Moving Consumer Goods18.4%12%10.9%+7.6-1.8+1.6
RELIANCEOil Gas & Consumable Fuels17.9%34%15.6%+2.3-0.3+0.8
PIDILITINDChemicals17.8%26%23.2%-5.4+0.2n/a
BAJAJFINSVFinancial Services17.8%5%14.1%+3.7+1.3n/a
NESTLEINDFast Moving Consumer Goods17.7%22%21.6%-3.9-1.3n/a
HDFCBANKFinancial Services17.7%35%14.4%+3.2-0.8+5.0
ONGCOil Gas & Consumable Fuels17.6%23%12.7%+4.9-1.4+0.8
MARICOFast Moving Consumer Goods17.3%9%18.7%-1.5-0.9n/a
POWERGRIDPower17.1%16%16.4%+0.8-0.5n/a
TITANConsumer Durables17.0%15%9.7%+7.4-0.5+10.7
BRITANNIAFast Moving Consumer Goods16.8%6%17.2%-0.4-0.9+7.4
APOLLOHOSPHealthcare16.7%20%20.4%-3.6-0.1n/a
GRASIMConstruction Materials16.7%10%15.5%+1.2+0.2n/a
COALINDIAOil Gas & Consumable Fuels16.6%18%18.2%-1.6-0.4+5.9
NTPCPower16.6%23%11.6%+4.9-0.2+8.2
AXISBANKFinancial Services16.2%10%20.4%-4.3+0.2+8.7
LTConstruction16.2%27%13.5%+2.7+0.6+0.4
BHARTIARTLTelecommunication16.1%26%26.8%-10.7-0.9+0.5
KOTAKBANKFinancial Services15.6%8%19.1%-3.5+1.0+7.8
HINDUNILVRFast Moving Consumer Goods15.4%11%14.4%+1.0-0.6+2.4
ITCFast Moving Consumer Goods15.2%33%25.2%-10.0-0.4-2.7
ICICIBANKFinancial Services15.2%29%16.0%-0.7+0.7+2.2
SUNPHARMAHealthcare14.3%11%20.5%-6.2+1.1+5.8

Skew = 25-delta put IV minus call IV: positive means the market pays up for downside protection; amber = widest in a year. Term slope = next-expiry IV minus near-expiry IV: negative (inverted) means the market is pricing an event in the near term. Both computed from full option chains, 631 days of history. IV rank = where today's implied vol sits in the stock's own last year of daily observations (from 223 stocks with sufficient history in our archive). High rank often means an event is priced in; check the stock's earnings history before reading it as rich.

Educational data reference: NOT investment advice. Historical statistics do not predict future results. We are not SEBI-registered advisers. All data from NSE public sources; figures may contain errors. Trading, especially leveraged F&O, can cause significant losses.
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