Definition. The model-interpolated implied volatility of 5-delta call options by tenor. Each data point reports the IV at target delta 5 for the selected asset, exchange, and quote currency.

Technical. Values are obtained by interpolation across delta and maturity onto standard tenors.

This is the Point-in-Time (PiT) variant of Call IV Delta 5. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.