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Nations Indexes are the world's leading independent volatility and options-cost indexes — giving traders the edge institutional desks already have.
Five precision-engineered volatility metrics
Each index isolates a single dimension of options market behavior — giving you a cleaner, more actionable signal.
By isolating these highly liquid and actively traded contracts, VolDex avoids the distortion caused by less relevant, far out-of-the-money options. The result is a more precise snapshot of market expectations for price movement and investor sentiment—without the noise.
Higher CallDex values generally suggest traders are anticipating bigger moves or a possible market rally. Lower values indicate a calmer outlook or reduced interest in upside exposure.
This approach isolates the segment of the options market most directly associated with downside protection, removing the noise from less relevant strike prices. The result precisely indicates market sentiment around downside risk, hedging activity, and bearish positioning.
Unlike traditional volatility indexes, which reflect overall price movement, RiskDex highlights directional bias. A rising RiskDex indicates OTM put prices are increasing at a faster rate than OTM call prices and suggests growing concerns about potential declines; a lower reading signals confidence or complacency.
Higher TailDex values suggest rising demand for crash protection or increased fear of large selloffs. Lower values imply a calmer market tone and less urgency to hedge against tail risk.
Professional options & volatility tools, built in
Every Nations subscription unlocks a growing suite of analytics that turn our proprietary indexes into real-time, actionable trade decisions.
Trade Set Up of the Day
While stocks sold off today, Bitcoin’s options quietly went to sleep. Bitcoin VolDex® — the 30-day at-the-money implied volatility on the iShares Bitcoin Trust (IBIT) — has fallen to the 6th percentile of its one-year range, near a two-year low. The most explosive asset in the market is priced for near-total calm, exactly the kind of setup that rarely lasts.
How to take advantage: When volatility on a high-beta asset gets this cheap, you own optionality rather than sell it — long calls, puts, or a straddle on IBIT is a low-cost way to position for the move that tends to follow the quiet.
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