First Trust US Equity Opportunities ETF
First Trust US Equity Opportunities ETF (FPX) Implied Volatility Current
FPX's 30 day implied volatility is 41.20%, with an IV Rank of 98.81%. This is a high IV Rank versus the past year, meaning First Trust US Equity Opportunities ETF options are relatively expensive and currently favor sellers. FPX's 30 day historical volatility sits at 26.94%, which means implied volatility is running 14.26 points above historical volatility, as of Nov 5, 2026.
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Tracking FPX implied volatility helps you spot when First Trust US Equity Opportunities ETF options are historically cheap or expensive, and where the best trades are hiding. When FPX IV rises, premiums increase and sellers get more attractive pricing, and when it drops, buyers find cheaper contracts. Use our scanner to monitor FPX implied volatility current levels in real time and filter for high probability trades.
Implied volatility is derived from option prices and represents the annualized expected move of a stock. Tracking FPX IV rank helps you see whether FPX's implied volatility is historically high or low, since IV rank compares today's reading against the past year's range. A high rank signals relatively expensive premiums and tends to favor sellers, a low rank signals relatively cheap premiums and tends to favor buyers.
The First Trust US Equity Opportunities ETF (the "Fund"), formerly First Trust US IPO Index Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX-100 U.S. Index. The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the Index.
Implied Volatility
IV is highly elevated. Premiums are expensive, strongly favoring sellers.
As of Nov 5, 2026
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