IV & Volatility Dashboard
Implied volatility is the market's forecast of movement, priced into every option. Here it is on NIFTY/BANKNIFTY — ATM IV vs realised volatility, the India VIX fear gauge, and the put-call ratio — so you can read regimes, not just numbers.
As of 03 Jul 2026 · 493 trading days shown
Implied vs Realised Volatility
When IV sits above RV, options are "expensive" — sellers are being paid for risk that hasn't shown up yet.India VIX
The market's expected 30-day volatility. Spikes mark fear.Put-Call Ratio (OI)
Above 1 = more puts open (bearish hedging or support); below 1 = more calls.Reading volatility like a pro
IV Rank vs IV Percentile
IV rank places today's IV between its 1-year low and high (0–100). IV percentile asks: on what fraction of days was IV lower than today? High readings favour selling premium; low readings favour buying.
The IV–RV spread
If implied vol persistently exceeds realised vol, the option market is overpaying for movement — the structural edge behind premium-selling strategies. A negative spread warns sellers.
Skew
Index puts usually carry higher IV than equidistant calls — crash insurance is in demand. The 25-delta skew quantifies that asymmetry.
About the IV & Volatility Dashboard
The Volatility Dashboard is a live read on the option market’s mood for NIFTY and BANKNIFTY. It charts at-the-money implied volatility against 30-day realised volatility, the put-call ratio (PCR) by open interest, and the India VIX, and surfaces the current IV rank so you can tell whether options are historically expensive or cheap right now. It runs on real NSE end-of-day data, so it reflects the actual state of the market rather than a textbook example.
What you can do
- See ATM implied volatility overlaid on 30-day realised volatility.
- Read the current IV rank — is volatility high or low versus its own history?
- Track the put-call ratio (PCR) and India VIX trend.
- Use it to decide whether the environment favours selling premium or buying it.
How to read it
When ATM implied volatility sits well above 30-day realised volatility and the IV rank is high, options are richly priced — an environment that historically favours defined-risk premium-selling structures. When IV rank is low and the India VIX is subdued, premium is cheap and long-option (buying) strategies cost less to hold. The dashboard shows both series together so the relationship is obvious at a glance.
Frequently asked
What is IV rank?
IV rank places the current implied volatility on a 0–100 scale relative to its own range over a lookback window. A high IV rank means options are expensive versus their own history; a low rank means they are cheap.
What is the India VIX?
The India VIX is the NSE’s volatility index — the market’s expectation of NIFTY volatility over the next 30 days, derived from index option prices. A rising VIX signals rising fear and richer option premiums.
What does the put-call ratio (PCR) tell me?
PCR by open interest compares outstanding puts to calls. Extremes are often read as sentiment signals — a very high PCR can indicate excessive bearishness, a very low PCR excessive bullishness.
Learn the concepts
Educational content only — nothing here is investment advice. Derivatives carry significant risk of loss; SEBI studies show the large majority of individual F&O traders lose money. Tapetide is not a SEBI-registered research analyst or investment adviser.