Volatility Surface — Rich/Cheap IV for Indian Options
See which strikes are expensive or cheap versus a fitted fair smile, at a glance.
Implied volatility is rarely uniform across strikes — and the dislocations are where option edge lives. Quintal Mind fits a fair smile to the chain and shows the residual, so you can see exactly which strikes are rich or cheap.
The result is an IV heatmap across strikes that turns raw implied vols into an actionable rich/cheap map — the foundation for relative-value option trades.
Try It Free →What It Does
Fitted fair smile
A fair-value smile is fitted to the chain; the residual shows rich vs cheap per strike.
IV heatmap
Strikes are colour-coded by how expensive or cheap their IV is versus fair value.
Relative-value lens
Surfaces the dislocations that drive option relative-value trades.
Across strikes
See the full smile, not just ATM IV — including the wings where skew lives.
Snapshot view
A clear point-in-time read of the current volatility surface.
Pairs with GEX
Combine with gamma exposure for a complete volatility picture.
How It Works
- Open the vol surfaceFind it in the analysis / vol-surface section.
- Read the heatmapColour shows which strikes are rich (expensive) or cheap versus the fitted fair smile.
- Find dislocationsTarget rich strikes to sell and cheap strikes to buy.
- Build the spreadUse the scanners to construct the relative-value spread around those strikes.
Supported Markets
What Traders Use It For
- Find the richest strike to sell and cheapest to buy for a vol-relative-value spread
- Read skew across the wings, not just ATM IV
- Confirm whether a butterfly or ratio is using mispriced legs
- Combine with GEX for a full volatility-and-positioning view
Frequently Asked Questions
What is a volatility surface?
A view of implied volatility across strikes (and expiries). Quintal Mind fits a fair smile to the chain and shows the residual, so you can see which strikes are rich or cheap relative to fair value.
How is rich/cheap determined?
By comparing each strike's implied volatility to a fitted fair smile; the difference (residual) is shown as a heatmap.
Which indices are supported?
Nifty and BankNifty, among other supported indices.
Where do I find it?
In the analysis / vol-surface section of the platform.
Related Strategies
More Tools
See Volatility Surface Live
Real-time analytics for Nifty, BankNifty, Sensex and MCX commodities — built for spread traders.
Try Quintal Mind Free →