For informational purposes only. IV Rank is a research metric, not a trading signal. Not financial advice.
Look up IV Rank for any optionable symbol. Understand whether options premiums are historically cheap or expensive before you build any strategy.
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IV Rank (IVR) measures where current implied volatility sits relative to its own 52-week range. A reading of 80 means IV is higher than 80% of all readings over the past year — it is elevated. A reading of 10 means IV is near the low end of its recent range.
IVR = (Current IV − 52-week Low IV) / (52-week High IV − 52-week Low IV) × 100. The result is always 0–100. Unlike IV Percentile, IV Rank uses the high and low endpoints rather than the distribution of all daily readings.
When IV Rank is elevated (60+), options premiums are relatively expensive compared to recent history. Premium-selling strategies — credit spreads, iron condors, cash-secured puts — may collect more premium when IVR is high, all else equal.
Most practitioners consider IVR above 50 as moderately elevated, and above 70 as elevated enough to favor premium-selling structures. Below 30, options are relatively cheap and debit spreads or long calls/puts may offer better cost efficiency.
IV Rank tells you whether options are cheap or expensive — it does not tell you direction, whether to trade, or whether the setup is sound. It must be combined with liquidity analysis, event risk screening, reward/risk evaluation, and technical structure before any entry decision is made.
Premium selling less favorable. Consider debit strategies.
Neutral conditions. Balanced approach; no strong IV edge.
Balanced. Either strategy direction may be appropriate depending on setup.
Favorable for premium-selling setups. Verify no event risk before entry.
Consider event risk before any trade. Elevated crush potential post-event.
Free PDF. IV rank ranges, when to sell premium, common mistakes.
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Disclaimer: IV Rank estimates shown in demo mode are illustrative only and do not reflect real-time market data. Premium subscribers receive live IV data when available via licensed feeds. IV Rank is a research metric — not a trading signal and not financial advice. Options trading involves substantial risk of loss. Always conduct your own due diligence before placing any trade.