Multi-Strike IV (Implied Volatility) helps you compare how implied volatility changes across multiple option strikes over time for a selected underlying and expiry. This allows you to understand where volatility is expanding or contracting and how market expectations differ across strikes.

This tool is available under Analytics → Implied Volatility → Multi-strike IV on FYERS platforms.

What does Multi-Strike IV show?

Multi-Strike IV displays implied volatility lines for multiple selected strikes on a single chart, plotted over time.

Each line represents:

• The implied volatility (IV) of a specific strike
• Updated based on the selected resolution, time period, and expiry

This makes it easier to:

• Compare IV behaviour across strikes
• Identify the relative richness or cheapness of options
• Observe IV compression or expansion intraday

This is an analytical view only. Orders cannot be placed from this screen.

How is Multi-Strike IV useful?

You can use Multi-Strike IV to:

• Compare ATM vs OTM IV behaviour
• Track volatility skew changes
• Identify strikes where IV is dropping faster or holding firm
• Analyse IV trends during intraday moves or event-based sessions

This is especially useful when:

• Planning option selling or buying strategies
• Monitoring volatility behaviour before expiry
• Comparing multiple strikes instead of a single ATM IV

Steps to access Multi-Strike IV on FYERS Web

1. Go to FYERS Web
2. Open Options
3. Select Analytics
4. Under Implied Volatility, click Multi-strike IV
5. Choose:
   • Underlying (e.g., NIFTY)
   • Expiry
   • Time period (Intraday)
   • Resolution (1 min, 5 min, 15 min, etc.)
   • Select the strikes you want to compare
6. The chart will update with separate IV lines for each selected strike.

Steps to access Multi-Strike IV on FYERS App

1. Open the FYERS App
2. Tap Options
3. Go to Analytics
4. Select Implied Volatility
5. Tap Multi-strike IV
6. Choose expiry, resolution, and strikes
7. View IV movement for each strike on the chart

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

Example: How to interpret Multi-Strike IV

Assume:

• NIFTY is trading near 26,000
• You select 26,000 CE and 26,100 CE

If:

• 26,000 IV drops steadily
• 26,100 IV remains elevated

This suggests:

• ATM volatility is cooling
• OTM strikes still carry higher volatility expectations

This insight can help in strike selection, but should always be combined with price action and risk management.

What if I don’t see a strike?

• Ensure the strike is part of the selected expiry
• Check if the option has sufficient liquidity
• Reduce the number of selected strikes if the chart becomes cluttered

What if IV lines look flat or overlapping?

• Increase the resolution
• Zoom into a shorter time window
• Compare fewer strikes for clarity