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Options Implied Volatility Term Structure

The Option IV Term Structure shows the Days to Last Trading Day along the bottom horizontal axis and the at-the-money IV for that date along the vertical left axis. You can use this tool alone, or open it in conjunction with the Implied Volatility Viewer.

Use checkboxes at the top to view Today and/or Yesterday's previous close data.
Change the color scheme and the display and configuration of the horizontal axis using the "Configure" wrench icon in the top right corner.
Elect to show "uniform spacing" for last trading day, or to show Days to Last Trading Day.
Use the slider along the bottom frame to zoom, and use the right-click menu to show data tooltips.

The Implied Volatility Term Structure has two modes: Remote Server and Local PC.

Remote Server mode - In this mode, the model Implied Volatility is calculated on the server side, based on the entire volatility surface for the selected underlying. This computation includes all options in the related option chains that have a valid quote.

Local PC mode - In this mode, the model Implied Volatility is calculated on the based only on options loaded in TWS. In this mode, you have access to the Edit menu and can modify the interest and dividends and the loaded basket contract.

To open Options Implied Volatility Term Structure

From the New Window drop down select Option Analysis then Interactive Analytics and then select Option IV Term Structure.