Term Structure
Similar in nature to a Future's Forward Curve, TS displays the relationship between an option expiration and its implied volatility level over varying maturities. CmdtyView's TS can display the current implied volatility across all American (standard) option expirations with ability to overlay historical settlement curves to see the changes in IV over time.
Term Structure Inputs
Underlying - Select a futures underlying. Search by name or futures root in the search for symbol box.
Compare To - Use the ‘date picker’ to compare the current volatility curve to a curve on a historical date.
Forward & Straddle Curve - Overlay the underlying futures Forward Curve or the options straddle curve.
Structure Type - opt to view IV data based on the Call, Put or Both
Option Price Type - Select the option pricing type to calculate the IVs. Mid will calculate the mid price between the strike’s bid and ask. Last will display the most recent traded price (or prior day’s settle for contracts that have not traded). Bid will display the bid price IV and ask will display the ask IV.
Term Structure Plot
Volatility will display along the left aligned y-axis while the option expirations will display along the x-axis. When enabled, the right aligned y-axis will display either the futures prices or the straddle options prices dependent on if either the Forward Curve or the Straddle Curve is overlaid. The cursor tooltip will display the current IV at that expiration with the given structure type and option price type. Any historical structures and curves applied will be visible at that expiration as well.
Editing Term Structure Plot
Click on any of the structure descriptions in the upper left corner of the chart to edit the color, width or style.
Remove historic curves by clicking on the delete icon ('x') icon to left each structure's description.