Glossary Detail: IV Rank
Related Premium Insight
Backtesting IV Rank on High-Beta Names
Where current IV falls within its 52-week range (0-100%). High rank = options are expensive relative to history.
Further Details:
IV Rank measures where the current implied volatility sits relative to its range over the past 52 weeks. An IV Rank of 80% means current IV is near the top of its annual range — options are historically expensive. An IV Rank of 20% means options are historically cheap.