IV Rank vs Volatility Term Structure

A measure of current implied volatility relative to its 52-week high and low; calculated as (current IV − 52-week low) / (52-week high − 52-week low) × 100; IV Rank above 50 indicates elevated premium; IV Rank below 30 indicates compressed premium, favoring different options strategies.

The pattern of implied volatility (IV) across different expiration dates for the same underlying asset and strike price, reflecting market expectations for volatility at different timeframes.