Volatility Desk was described earlier as a future /app/volatility-desk workspace. That route does not exist in the shipped product. Instead, cross-sectional volatility is columns and list sorts on the same page as dealer gamma: Option Chain Analysis at /app/option-chain-analysis.

Legacy URLs that used ?mode=vol, volRank, or volDrawerTab are rewritten client-side into the unified rank + drawerTab shape (for example vol drawer tabs such as vol-rank-overview). You stay on Option Chain Analysis—you do not switch to a second product URL.

There is no separate /app/volatility-desk UI. The images below are captured from Option Chain Analysis—the same route where IV rank / percentile columns and vol list sorts ship today.

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What ships today

• One universe table — GEX-style columns plus iv30, 1y IV rank, and 1y IV percentile from the same snapshot-driven grid when those fields are populated.
• Vol list sorts — Switch the list rank to volatility modes such as iv_rank and iv_percentile on /app/option-chain-analysis (same table as gross/net/flip GEX sorts).
• Vol-rank symbol drawer — When a vol sort is active, the drawer follows the vol-rank experience (for example Overview, Term structure, Earnings tabs). Deeper single-symbol vol analytics there may still be scaffolded; the grid is the primary cross-sectional vol surface today.

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Legacy “planned” rank modes vs URL behavior

Older marketing tables listed modes like IV–HV spread, term slope, 25-delta skew, and earnings-style ranks as future desk modes. In the current URL contract, those legacy vol sort keys normalize to iv_rank if they appear in old links—they are not advertised here as first-class selectable modes unless the UI exposes them again. Rely on the in-app sort control for what is actually selectable.

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Why one surface matters

Screener-first vol discovery runs next to GEX structure so you can answer “where is IV rich or cheap?” and “how are dealers positioned?” without changing routes. That matches the domain invariant: no separate Volatility Desk nav entry; discovery is sort and columns, not a parallel app.

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Related workflows

• Option Chain Analysis — /app/option-chain-analysis; GEX ranks, vol ranks, unified rank / drawerTab links.
• Gamma Exposure Screener (legacy name) — how the old GEX-only naming maps to the same route.
• Symbol-level analysis — flow-ranked symbols on /app/market-rank.
• Option Trades — /app/option-trades for trade-level follow-up.

Follow the Roadmap and Changelog for future drawer and pipeline work; deep links should still target /app/option-chain-analysis, not /app/volatility-desk.

此前对外介绍的 Volatility Desk 曾规划为未来的 /app/volatility-desk。该路径在当前产品中不存在。截面波动率能力与 GEX 结构排名一样，落在同一页面：期权链分析（/app/option-chain-analysis）。

旧链接中的 ?mode=vol、volRank、volDrawerTab 等参数会在客户端重写为统一的 rank + drawerTab（例如 vol-rank-overview 等 vol 抽屉标签）。用户始终停留在期权链分析，而非第二个独立产品 URL。

不存在独立的 /app/volatility-desk 界面。下列截图来自 期权链分析 —— 与 GEX 共用同一路由；IV rank / IV percentile 等截面列与波动率列表排序均在此表上呈现。

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当前已交付能力

• 同一张宇宙表 — 在快照驱动的同一套表格上，除 GEX 相关列外，还可展示 iv30、1 年 IV rank、1 年 IV percentile 等字段（有数据时）。
• 波动率列表排序 — 将列表 rank 切换为 iv_rank、iv_percentile 等波动率模式（与 gross/net/flip 等 GEX 排序共用同一路径）。
• 波动率向标的抽屉 — 当列表处于波动率排序时，抽屉走 vol-rank 体验（如 概览、期限结构、财报 等标签）。其中更深度的单标的波动率能力可能仍为脚手架状态；截面波动率仍以主表为主。

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旧「计划中的排名模式」与 URL 行为

早期宣传材料中的 IV–HV 利差、期限斜率、25Delta 偏斜、财报相关排序等，若在旧 URL 中出现，当前会归一化到 iv_rank —— 本文不将其列为可与 UI 一一对应的可选模式，除非应用内再次明确暴露。请以应用内排序控件为准。

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为何坚持单一发现面

将波动率发现与 GEX 结构放在同一表面，便于同时回答「IV 相对自身历史偏贵还是偏便宜」与「做市商 Gamma 站位如何」，而无需切换路由。这与域不变量一致：没有单独的 Volatility Desk 导航入口；发现方式是排序与列，而非平行应用。

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相关工作流

• 期权链分析 — /app/option-chain-analysis；GEX 与波动率排序、统一 rank / drawerTab。
• Gamma 敞口扫描仪（历史名称） — 旧 GEX 单独命名如何映射到同一路由。
• 标的级分析（Symbol-level） — /app/market-rank 上的流量排名。
• 期权交易 — /app/option-trades 上的逐笔证据跟进。

后续管道与抽屉能力请关注路线图与更新日志；深链仍应指向 /app/option-chain-analysis，而非 /app/volatility-desk。