Diamondback Energy, Inc. (FANG) Options Risk Score

Run a full FANG options risk analysis

See the complete risk breakdown — news catalysts, SEC filings, legal proceedings, earnings overlap, IV vs HV, options flow and Expected Move — all in one scan.

Is it risky to sell options on Diamondback Energy, Inc. (FANG) right now?

Diamondback Energy, Inc. (FANG) currently scores 75 out of 100 for options catalyst risk (HIGH) over a 4-week expiry window. What pushes it there: an upcoming earnings report, 9 recent news items, 10 active legal filings and 1 recent SEC event, all landing inside the 4-week window. On TickerRisk's scale 70 and above is HIGH, so a known event is scheduled inside this window — selling premium on FANG here is a bet on that event rather than on time decay. The score measures scheduled event exposure, not which way the stock will move.

FANG shows an IV Rank of 100 — implied volatility is near the top of its own one-year range, so FANG options are historically expensive, which favours premium-selling strategies, with a current implied volatility of about 44%. IV Rank is the most useful figure for deciding whether to sell or buy premium on FANG.

FANG reports on 2026-11-02. Any expiry beyond that date carries the gap, and the implied volatility priced in beforehand typically collapses the morning after.

Diamondback Energy, Inc. (FANG) current implied volatility and IV Rank

Diamondback Energy, Inc. (FANG) currently has an IV Rank of 100 with implied volatility around 44%, alongside a TickerRisk options-risk score of 75/100. That sits near the top of its own 12-month range, so the chain is pricing richly. Sellers are being paid well here — but rich premium and a scheduled event usually arrive together, so check the catalyst list before writing anything.

IV Rank is an index, not a percentage — it says where FANG's implied volatility sits inside its own 1-year range. How to read IV Rank →

Diamondback Energy, Inc. (FANG) next earnings date — 2026-11-02

The next FANG report lands on 2026-11-02 — about 57 days away — inside the window a typical monthly option would span. FANG's IV Rank is currently 100. That matters more than any other single date on the calendar: the stock can gap overnight on the print, and any premium you collect now is partly payment for carrying that gap. Sellers who want the volatility crush without the gap generally choose an expiry that ends before the report.

TickerRisk provides risk scoring for informational purposes only. This is not financial advice. Options trading involves substantial risk of loss. Full disclaimer