FRMI

$2.61NEUTRAL

spot: 2026/11/15 05:14:08 UTC

analytics: 2026/11/15 16:41:38 UTC

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Volatility Regime

Macro VCG—— · vcg = —

No dealer regime data yet.

VRP

-0.02

NEUTRAL

IV (ATM)

168.3%

RV

170.4%

IV Rank

39

1y rank 39

IV %ile 30d

100

Implied Move 30d

32.3%

IV 52w Low

82.6%

IV 52w High

185.8%

RV 52w Low

59.3%

RV 52w High

189.2%

Skew 25Δ

-15.5231

IV ≈ RV — directional structures over vol bets.

Building 1-year history… (≤30s)

Analytical time series

IV / IV-of-IV

— IV (L)— IV-of-IV (R)

Analytical time series

RV / SPY-corr-1m

— RV (L)— SPY-corr-21 (R)

20 sessions

Regime Quadrant

GoldilocksFragile CalmStock PickerSystemic Panic

Stock Picker: high vol, low corr — name-specific dispersion

20-session overlay

IV-z vs RV-z

+0.76σ

— IV-z— RV-z

Today's snapshot

IV by DTE

Term Structure

— ATM-2 ($1.50)— ATM-1 ($2.00)— ATM ($2.50)— ATM+1 ($3.00)

Today's IV by strike — one curve per expiration date

Smile

— 2026-10-30— 2026-11-06— 2026-11-13— 2026-11-20

IV (fwd ~30d) vs RV (trailing 21d) — lag is the VRP

HV / IV

— IV— RV

Last 1y

IV %ile Distribution

93th %ile

30-session bars + smoothed z-overlay

VRP Spread

-0.02 pts | compressing +0.13 pts