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What Happens to an Option’s Price If IV Increases, All Else Equal?

If implied volatility (IV) increases, all else being equal, the option's price (premium) will increase. This is because the increase in IV leads to a higher time value component, as the probability of the option becoming profitable has increased.

Why Is the Option Premium Always Greater than or Equal to Its Intrinsic Value?
What Happens to the Time Value of an OTM Option as Expiration Approaches?
How Does a Rise in BTC IV Affect the Premium of a Call Option?
How Does Time Value (Extrinsic Value) Relate to an Option’s Total Premium?