What is Multi-Strike IV in Options Analytics?

What is Multi-Strike IV in Options Analytics?

Multi-Strike IV (Implied Volatility) lets you compare how IV changes across multiple option strikes over time for a selected underlying and expiry.

Each selected strike appears as a separate IV line, helping you compare volatility behaviour across strikes and identify where IV is expanding or contracting.

Multi-Strike IV chart

You can use the chart to:

  • Compare ATM and OTM IV behaviour
  • Track changes in volatility skew
  • Observe IV expansion or compression
  • Compare relative IV levels across multiple strikes

The chart updates based on the selected expiry, time period, and resolution.

Steps to access Multi-Strike IV

On FYERS App

  1. Log in to the FYERS App.
  2. Tap Options from the bottom menu.
  3. Under Tools, select Analytics.
  4. Under Implied Volatility, tap Multi-strike IV.
  5. Select the required Expiry, Resolution, and strikes.

You can change the resolution using the Resolution selector at the bottom.

On FYERS Web

  1. Log in to FYERS Web.
  2. Click Options.
  3. Open Analytics.
  4. Under Implied Volatility, select Multi-strike IV.
  5. Choose the Underlying, Expiry, Time period, Resolution, and strikes you want to compare.


What If...

ScenarioWhat you should know
A strike is not visibleEnsure the strike belongs to the selected expiry and check whether the option has sufficient liquidity. Reduce the number of selected strikes if needed.
IV lines appear flat or overlapChange the resolution, view a shorter time window, or compare fewer strikes for better clarity.

Last updated: 17 Aug 2026

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