Iron Condor Options

IV rank

Today's implied volatility expressed as a percentage of the 52-week high-low range. Rank 0 means at the year's low IV; rank 100 means at the year's high. A common heuristic: rank above 50 favors selling premium, rank below 30 favors buying premium.

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Every term here appears inside the lessons and the simulator in the app, shown in use.