ATM implied volatility per expiry — the term-structure curve.

ATM is resolved per expiry as the strike nearest to the latest snapshot's underlying price. Upward slope (contango) = calm spot / uncertain future; downward (backwardation) = near-term stress expected to fade.

Path parameters

Segments of the URL path, validated server-side.

Query parameters

This endpoint takes no query parameters.

Response shape

Always wrapped in the standard envelope. Nullable fields are explicitly marked — treat missing numeric data as a real data-source gap, not as an error.

// Wrapped in the standard envelope:
// {
//   data: /* shape below */,
//   meta?: { total?: number; limit?: number; offset?: number; ... }
// }

{ underlying, asOf, underlyingPrice, points: Array<{ expiry, expiryMs, dte, atmStrike, atmIv }> }

Example

Copy the curl, replace YOUR_KEY with a real key from your dashboard, and run.

curl -sS "http://localhost:3000/api/v1/options/BTC/term-structure"

{ "data": { "underlying": "BTC", "asOf": 1744834800000, "underlyingPrice": 63150, "points": [] }, "meta": { "total": 0 } }