Militia Long/Short Equity ETF
Militia Long/Short Equity ETF (ORR) Implied Volatility Current
ORR implied volatility is 17%. IV Rank is —%, placing current premiums in the middle of their 52-week range.
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Tracking ORR implied volatility helps you identify when options premiums on Militia Long/Short Equity ETF are historically cheap or expensive, and where the best trades are hiding. Militia Long/Short Equity ETF implied volatility reflects the market's expectation of future price movement: when ORR IV rises, option premiums increase, creating opportunities for sellers, and when it drops, buyers can find cheaper contracts. Use our scanner to monitor Militia Long/Short Equity 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 ORR, tracking metrics like ORR 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 ORR signals rich premiums and potential mean-reversion, while a low rank may favor long options strategies.
ORR is an actively managed ETF aiming for capital appreciation through both long and short equity positions. The long portfolio targets undervalued or growth potential equities, with a focus on developed markets. Long positions may exceed 100% of net assets, capped typically at 150%. Short positions focus on U.S.-listed companies and ETFs expected to decline, influenced by declining future cash flow projections. ORR can have short exposure up to 100% and may include inverse or leveraged ETFs. The fund actively trades positions, resulting in high annual portfolio turnover. The portfolio may also short foreign currencies through currency forward contracts to manage risk.
Premium sellers, directional traders, and spread builders all need the same starting point: a clear read on where ORR implied volatility sits today versus where it has been. Our scanner ranks Militia Long/Short Equity ETF implied volatility against its historical range, surfaces extremes in ORR IV rank, and pairs every reading with the trades that exploit it. Stop guessing whether Militia Long/Short Equity ETF IV is rich or cheap — measure it, then act on it.
Implied Volatility
As of September 17, 2026
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