The at-the-money implied volatility for Eli Lilly & Co (LLY) options expiring Dec 17, 2027 (398 DTE) is 36.8%.
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Implied Volatility Stats
Showing results for 2027-12-17(m), calls & puts
| Expiration Date | Avg IV |
|---|---|
| 2027-12-17(m) calls | 36.68% |
| 2027-12-17(m) puts | 36.95% |
LLY Volatility Skew FAQ
What is volatility skew?
Volatility skew is the difference in implied volatility between options at different strike prices. A steeper skew means traders are paying more for options on one side, usually downside puts used as protection.
What is LLY's one-year implied volatility range?
Over the past year, Eli Lilly 30-day implied volatility ranged from 27.6% on Dec 5, 2025 to 48.2% on Apr 7, 2026.
How has LLY implied volatility changed recently?
Eli Lilly 30-day implied volatility went from 42.3% on Oct 16, 2026 to 31.7% on Nov 13, 2026. See the LLY implied volatility history for a longer view.
What is Eli Lilly & Co?
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology.