Volatility smile
How do priced-in swings vary across strike prices?
The smile plots implied volatility (IV) at different agreed prices for one expiry. IV is the annualised size of swings implied by the exchange's model mark, not the direction of a forecast.
Higher wings mean options farther from the current price carry higher implied volatility. For example, a put marked at 70% IV has a higher volatility input than one marked at 50%. Compare the same expiry; thinly traded marks may differ from executable prices.
Plot Deribit call and put mark IV by strike for the selected expiry. Keep missing or non-positive marks as gaps. The default window shows strikes from 70% to 130% of the current index price.
Deribit only; no historical series or dealer-position inference. Current active instruments only. Not a price prediction.
Deribit production public API: instrument metadata, market summaries and index price.
Deribit · active inverse options · current snapshot