Website charts: https://www.mrci.com/client/options MRCI's Implied Volatility Data as of Friday February 13, 2026 /==================================================================================\ | Contract | IV | HV | +1SD | CTHV | -1SD |IV+-% |D2EX| |==============================|=======|=======|=======|=======|=======|======|====| |Mar26 Japanese Yen(CME) | 136.77| 11.09| 12.67| 9.22| 5.77|+1383%| 21| |Mar26 Silver(CMX) | 65.75| 243.50| 38.29| 26.43| 14.57| +148%| 10| |May26 Silver(CMX) | 60.40| 243.53| 37.81| 26.27| 14.73| +129%| 73| |Mar26 London Cocoa(LCE) | 53.51| 69.51| 32.93| 24.15| 15.37| +121%| 14| |May26 Orange Juice(ICE) | 63.17| 90.67| 39.28| 29.12| 18.95| +116%| 49| |May26 London Cocoa(LCE) | 48.88| 66.87| 31.45| 22.60| 13.75| +116%| 76| |Jul26 London Cocoa(LCE) | 43.60| 64.18| 30.25| 21.20| 12.15| +105%| 137| |May26 Cocoa(ICE) | 53.84| 67.87| 35.68| 26.39| 17.10| +104%| 49| |Jul26 Orange Juice(ICE) | 53.97| 85.72| 36.85| 27.34| 17.83| +97%| 112| |Jul26 Cocoa(ICE) | 48.43| 66.63| 34.65| 25.39| 16.13| +90%| 112| |Sep26 Cocoa(ICE) | 44.90| 64.28| 33.69| 24.45| 15.22| +83%| 175| |May26 Soybean Oil(CBOT) | 31.37| 19.00| 24.26| 19.44| 14.63| +61%| 70| |Jun26 Class III Milk(CME) | 22.01| 24.82| 18.96| 13.62| 8.28| +61%| 137| |Sep26 Soybean Oil(CBOT) | 28.07| 17.37| 21.27| 17.51| 13.75| +60%| 189| |May26 Copper(CMX) | 33.00| 39.76| 26.29| 20.61| 14.93| +60%| 73| |Oct26 Soybean Oil(CBOT) | 27.29| 17.09| 20.52| 17.10| 13.69| +59%| 224| |Jul26 Soybean Oil(CBOT) | 29.70| 18.32| 23.08| 18.73| 14.38| +58%| 133| |Aug26 Soybean Oil(CBOT) | 28.71| 17.78| 22.09| 18.08| 14.06| +58%| 161| |Jun26 NY Harbor ULSD(NYM) | 38.88| 30.91| 40.65| 24.81| 8.96| +56%| 102| |Jul26 NY Harbor ULSD(NYM) | 37.11| 29.02| 39.29| 23.94| 8.59| +55%| 132| |May26 NY Harbor ULSD(NYM) | 39.60| 33.47| 42.15| 25.86| 9.57| +53%| 73| |Mar26 Natural Gas(NYM) | 86.62| 178.36| 78.20| 58.29| 38.39| +48%| 11| |Mar26 RBOB Gasoline(NYM) | 45.53| 34.80| 46.23| 31.37| 16.51| +45%| 11| |Mar26 Copper(CMX) | 30.26| 40.12| 26.62| 20.90| 15.18| +44%| 10| |Aug26 Crude Oil(NYM) | 36.55| 30.73| 41.19| 25.22| 9.24| +44%| 153| |Apr26 NY Harbor ULSD(NYM) | 39.18| 37.01| 44.11| 27.20| 10.29| +44%| 41| |Jul26 Crude Oil(NYM) | 37.32| 31.61| 42.56| 25.99| 9.43| +43%| 124| |Jun26 Crude Oil(NYM) | 38.22| 32.63| 44.14| 26.85| 9.57| +42%| 91| |May26 Brent Crude Oil(ICE) | 37.62| 32.93| 44.57| 26.50| 8.43| +41%| 40| |Jun26 Brent Crude Oil(ICE) | 36.46| 32.20| 43.20| 25.74| 8.27| +41%| 70| |Jun26 Brent Crude Oil(ICE) | 36.46| 32.20| 43.20| 25.74| 8.27| +41%| 70| |May26 Crude Oil(NYM) | 38.84| 33.67| 46.08| 27.90| 9.72| +39%| 62| |Jun26 RBOB Gasoline(NYM) | 33.82| 27.33| 35.86| 24.21| 12.56| +39%| 102| |Jun26 Natural Gas(NYM) | 54.77| 111.50| 53.74| 39.39| 25.03| +39%| 102| |Sep26 Corn(CBOT) | 20.33| 9.11| 19.53| 14.66| 9.79| +38%| 189| |May26 Natural Gas(NYM) | 57.37| 126.17| 57.32| 42.15| 26.98| +36%| 73| |Jul26 Natural Gas(NYM) | 50.41| 94.87| 50.85| 37.04| 23.22| +36%| 132| |Sep26 Coffee "C"(ICE) | 36.86| 32.73| 34.86| 26.93| 18.99| +36%| 182| |Aug26 Feeder Cattle(CME) | 17.05| 14.28| 17.67| 12.62| 7.57| +35%| 195| |Apr26 Natural Gas(NYM) | 61.86| 135.29| 61.86| 46.07| 30.28| +34%| 41| |May26 Class III Milk(CME) | 22.69| 31.14| 22.46| 16.84| 11.22| +34%| 109| |Apr26 RBOB Gasoline(NYM) | 34.62| 28.32| 37.89| 25.93| 13.96| +33%| 41| |May26 RBOB Gasoline(NYM) | 33.29| 27.70| 36.67| 24.95| 13.22| +33%| 73| |Jul26 Coffee "C"(ICE) | 36.79| 33.42| 35.79| 27.64| 19.49| +33%| 119| |Mar26 NY Harbor ULSD(NYM) | 38.14| 41.55| 46.28| 28.84| 11.40| +32%| 11| |Apr26 Crude Oil(NYM) | 38.50| 34.52| 48.54| 29.17| 9.79| +31%| 32| |Aug26 Live Cattle(CME) | 14.98| 12.92| 15.39| 11.46| 7.53| +30%| 175| |Aug26 Lean Hogs(CME) | 19.04| 12.23| 21.21| 14.73| 8.25| +29%| 182| |Apr26 Brent Crude Oil(ICE) | 34.80| 33.55| 45.81| 27.26| 8.71| +27%| 10| |May26 Coffee "C"(ICE) | 36.07| 34.17| 37.00| 28.53| 20.07| +26%| 56| |Jun26 Live Cattle(CME) | 15.48| 13.84| 16.34| 12.38| 8.42| +25%| 112| |Sep26 Wheat(CBOT) | 24.76| 19.03| 24.39| 19.81| 15.22| +24%| 189| |Oct26 Cotton(ICE) | 20.43| 7.28| 24.84| 16.49| 8.15| +23%| 210| |May26 Feeder Cattle(CME) | 17.07| 15.08| 18.95| 13.94| 8.93| +22%| 104| |Sep26 Wheat(KCBT) | 25.44| 20.89| 25.64| 20.79| 15.93| +22%| 189| |Sep26 Soybeans(CBOT) | 17.11| 10.04| 18.53| 14.10| 9.67| +21%| 189| |Mar26 Soybean Oil(CBOT) | 23.86| 19.50| 25.16| 20.01| 14.86| +19%| 7| |Jul26 Lean Hogs(CME) | 18.72| 13.18| 23.02| 15.81| 8.59| +18%| 151| |Nov26 Soybeans(CBOT) | 15.97| 9.35| 17.80| 13.44| 9.07| +18%| 252| |Mar26 2 Year T-Notes(CBOT) | 1.31| 0.95| 1.86| 1.12| 0.38| +17%| 7| |Jul26 Wheat(CBOT) | 24.13| 20.18| 25.55| 20.80| 16.04| +16%| 133| |Mar26 NASDAQ 100 E-Mini(CME) | 22.87| 19.40| 27.45| 19.55| 11.65| +16%| 35| |Jul26 Wheat(KCBT) | 24.81| 21.91| 26.43| 21.60| 16.78| +14%| 133| |Aug26 Soybeans(CBOT) | 17.11| 12.53| 19.37| 15.09| 10.82| +13%| 161| |Jul26 Corn(CBOT) | 18.47| 10.97| 22.35| 16.38| 10.40| +12%| 133| |Apr26 Live Cattle(CME) | 15.11| 15.28| 17.28| 13.61| 9.93| +11%| 49| |Apr26 Feeder Cattle(CME) | 16.41| 15.29| 19.45| 14.68| 9.91| +11%| 76| |Jul26 Sugar #11(ICE) | 23.70| 23.37| 29.68| 21.20| 12.73| +11%| 122| |Oct26 London Sugar(LCE) | 17.96| 16.18| 19.95| 16.06| 12.17| +11%| 200| |Mar26 S & P 500 E-Mini(CME) | 16.72| 14.69| 21.57| 15.14| 8.71| +10%| 35| |Oct26 Soybean Meal(CBOT) | 18.73| 12.58| 23.15| 17.13| 11.10| +9%| 224| |Jun26 Lean Hogs(CME) | 19.19| 13.84| 25.53| 17.72| 9.91| +8%| 119| |Apr26 Class III Milk(CME) | 21.97| 35.02| 27.26| 20.31| 13.37| +8%| 74| |Mar26 Wheat(KCBT) | 25.03| 24.40| 28.35| 23.31| 18.26| +7%| 7| |Jul26 Soybeans(CBOT) | 16.82| 13.98| 20.25| 15.76| 11.27| +6%| 133| |Sep26 Soybean Meal(CBOT) | 19.16| 13.66| 24.14| 18.09| 12.03| +5%| 189| |Mar26 Wheat(CBOT) | 24.38| 23.26| 28.62| 23.12| 17.63| +5%| 7| |May26 Wheat(KCBT) | 23.69| 23.00| 27.48| 22.38| 17.29| +5%| 70| |Aug26 London Sugar(LCE) | 18.86| 17.62| 22.41| 17.80| 13.20| +5%| 138| |May26 Soybeans(CBOT) | 17.08| 14.54| 20.91| 16.32| 11.72| +4%| 70| |May26 Wheat(CBOT) | 23.02| 21.76| 27.33| 21.98| 16.62| +4%| 70| |Mar26 Australian Dollar(CME) | 10.06| 10.52| 12.30| 9.72| 7.14| +3%| 21| |Aug26 Soybean Meal(CBOT) | 19.43| 14.86| 25.30| 19.04| 12.77| +2%| 161| |May26 Sugar #11(ICE) | 24.04| 23.98| 32.14| 23.56| 14.98| +2%| 61| |Mar26 Crude Oil(NYM) | 30.39| 35.28| 51.61| 30.67| 9.74| +0%| 4| |Jul26 Soybean Meal(CBOT) | 19.65| 16.05| 26.18| 19.89| 13.61| -1%| 133| |May26 Corn(CBOT) | 16.81| 11.26| 23.31| 17.02| 10.73| -1%| 70| |Mar26 Feeder Cattle(CME) | 15.20| 15.12| 20.28| 15.67| 11.06| -2%| 41| |May26 Soybean Meal(CBOT) | 20.21| 17.06| 27.28| 20.82| 14.37| -2%| 70| |May26 Lean Hogs(CME) | 18.78| 15.19| 28.17| 19.52| 10.86| -3%| 90| |May26 London Sugar(LCE) | 19.10| 18.52| 24.55| 19.75| 14.95| -3%| 47| |Mar26 US Dollar Index(ICE) | 6.01| 7.62| 8.37| 6.53| 4.70| -7%| 21| |Mar26 Soybeans(CBOT) | 15.38| 14.37| 21.57| 16.90| 12.24| -9%| 7| |Mar26 Soybean Meal(CBOT) | 20.23| 18.95| 29.00| 22.26| 15.52| -9%| 7| |Mar26 5-Year T-Notes(CBOT) | 2.89| 2.47| 4.69| 3.33| 1.96| -13%| 7| |Jul26 Cotton(ICE) | 16.35| 8.97| 26.56| 19.03| 11.50| -14%| 112| |Mar26 30-Year T-Bonds(CBOT) | 7.89| 8.29| 11.99| 9.57| 7.14| -17%| 7| |Mar26 British Pound(CME) | 6.64| 7.38| 10.01| 8.09| 6.18| -17%| 21| |Mar26 10-Year T-Notes(CBOT) | 4.18| 3.82| 6.84| 5.22| 3.59| -19%| 7| |Mar26 Sugar #11(ICE) | 20.78| 24.45| 34.84| 26.70| 18.56| -22%| 3| |Mar26 EuroFX(CME) | 5.83| 7.70| 9.93| 7.73| 5.53| -24%| 21| |Mar26 Canadian Dollar(CME) | 5.57| 6.82| 10.54| 7.49| 4.44| -25%| 21| |May26 Cotton(ICE) | 14.70| 10.17| 26.63| 20.03| 13.43| -26%| 56| |Mar26 Class III Milk(CME) | 16.94| 38.70| 31.77| 23.30| 14.83| -27%| 46| |Apr26 Lean Hogs(CME) | 18.34| 16.80| 35.34| 25.63| 15.93| -28%| 60| |Mar26 New Zealand Dollar(CME) | 7.03| 9.70| 12.51| 10.19| 7.87| -31%| 21| |Mar26 Corn(CBOT) | 12.03| 11.51| 24.15| 17.70| 11.25| -32%| 7| |Feb26 Class III Milk(CME) | 4.92| 23.73| 27.43| 18.44| 9.45| -73%| 18| \==================================================================================/ Implied Volatility Description (IV) Current daily level of Implied Volatility (IV) for options on this futures contract, as derived from (implied by) options premiums (Black Model). Historical Volatility Description (HV) Current daily level of 20-day Historical Volatility (HV) for this futures contract, as calculated from futures price movement. Central Tendency Description (CTHV) Current daily level of the Central Tendency of Historical Volatility (CTHV), the 15-year average of 20-day historical volatility (of futures prices). Thus, CTHV is the historical reference against which to compare IV and HV. CTHV is also used to calculate +1 and -1 STD (Standard Deviation), between which HV has theoretically been found 67% of the time. Implied Volatility Over/Under Percentage Description (IV+-%) The percentage the current Implied Volatility (IV) is above or below the Central Tendency (CTHV). Days to Expiration Description (D2Ex) Conveniently enumerates how many days until options on that futures contract expires. If you have any questions, please just let us know. 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