VanEck Oil Refiners ETF
VanEck Oil Refiners ETF (CRAK) Implied Volatility Current
CRAK implied volatility is 38%. IV Rank is 57%, placing current premiums in the middle of their 52-week range.
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Tracking CRAK implied volatility helps you identify when options premiums on VanEck Oil Refiners ETF are historically cheap or expensive, and where the best trades are hiding. VanEck Oil Refiners ETF implied volatility reflects the market's expectation of future price movement: when CRAK IV rises, option premiums increase, creating opportunities for sellers, and when it drops, buyers can find cheaper contracts. Use our scanner to monitor VanEck Oil Refiners ETF's implied volatility current levels in real time and filter for high-probability trades.
Implied volatility is derived from option prices using models like Black-Scholes and represents the annualized expected move of an underlying stock. For CRAK, tracking metrics like CRAK IV rank helps traders understand whether current implied volatility is historically high or low. IV rank compares today's reading against the past year's range — a high rank on CRAK signals rich premiums and potential mean-reversion, while a low rank may favor long options strategies.
VanEck Oil Refiners ETF (CRAK) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Oil Refiners Index (MVCRAKTR), which is a rules-based, modified capitalization weighted index intended to give investors a means of tracking the overall performance of companies involved in crude oil refining which may include: gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals.
Premium sellers, directional traders, and spread builders all need the same starting point: a clear read on where CRAK implied volatility sits today versus where it has been. Our scanner ranks VanEck Oil Refiners ETF implied volatility against its historical range, surfaces extremes in CRAK IV rank, and pairs every reading with the trades that exploit it. Stop guessing whether VanEck Oil Refiners ETF IV is rich or cheap — measure it, then act on it.
Implied Volatility
IV is slightly elevated - premiums are richer, leaning toward sellers.
As of September 18, 2026
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