Stock Option Volatility Calculator

Analyze historical swings, log returns, and annual volatility fast. Test multiple periods and trading days. Understand equity compensation risk before making career decisions today.

Calculator Inputs

Example: 100, 102, 101, 105, 107, 106

Example Data Table

Observation Closing Price Notes
1100.00Starting reference price.
2102.00Early upward move.
3101.00Small pullback.
4105.00Momentum improves.
5107.00Trend continues higher.
6106.00Minor decline.
7110.00Volatility expands.
8108.00Short-term reversal.
9111.00Recovery appears.
10115.00New local high.

Formula Used

1. Log Return: r = ln(Pt / Pt-1)

2. Simple Return: r = (Pt - Pt-1) / Pt-1

3. Sample Standard Deviation: s = sqrt( Σ(r - r̄)² / (n - 1) )

4. Annualized Volatility: σannual = s × sqrt(periods per year)

5. Black-Scholes d1: d1 = [ln(S/K) + (r - q + 0.5σ²)T] / (σ√T)

6. Black-Scholes d2: d2 = d1 - σ√T

7. Call Value: C = Se^-qT N(d1) - Ke^-rT N(d2)

8. Put Value: P = Ke^-rT N(-d2) - Se^-qT N(-d1)

9. One-Sigma Move: Expected move ≈ S × σannual × √T

How to Use This Calculator

  1. Paste at least three historical closing prices.
  2. Choose log returns or simple returns.
  3. Select daily, weekly, or monthly sampling.
  4. Set periods per year for annualization.
  5. Adjust the rolling window for the chart.
  6. Enter strike price and time to expiry.
  7. Leave spot blank to use the latest price.
  8. Set risk-free rate and dividend yield.
  9. Choose call or put for valuation.
  10. Press calculate to see results above the form.

Frequently Asked Questions

1. What does this calculator measure?

It estimates historical volatility from a sequence of stock prices, annualizes that volatility, and then applies it to an option pricing model for quick planning insights.

2. Why does volatility matter for stock options?

Higher volatility usually increases option value because larger price swings raise the chance of favorable outcomes before expiration.

3. Should I use log returns or simple returns?

Log returns are common in quantitative work because they aggregate cleanly over time. Simple returns are easier to explain and interpret quickly.

4. What periods per year should I enter?

Use 252 for daily trading days, 52 for weekly data, and 12 for monthly data. Match the number to your sampling period.

5. Is this implied volatility?

No. This tool estimates historical volatility from past prices. Implied volatility comes from current option market prices instead.

6. Why does the option value change when expiry changes?

More time usually gives the stock more opportunity to move, which often increases time value and changes the theoretical option price.

7. Can this help with career planning?

Yes. It helps you compare compensation packages by showing how uncertain an option grant may be under different volatility assumptions.

8. Are the results guaranteed?

No. These are educational estimates based on past prices and model assumptions. Real markets, liquidity, vesting, and taxes can change outcomes.

Related Calculators

Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.