Volatility Risk Premium Gate
What it does
Requires that implied volatility actually exceeds recent realised volatility before any premium-selling engine enters. This is the edge a premium seller is being paid for: the market pricing more movement than has been happening. IV Rank alone cannot see it, because a high IV Rank can coexist with no premium at all if the underlying is genuinely moving that much. The directional engine is exempt, since it buys premium rather than selling it.
When to change it
Leave it on. Turning it off allows entries where implied and realised volatility have converged, which is exactly the condition under which selling premium stops paying.
Safe range
ON or OFF. ON is recommended.
Example
A symbol shows IV Rank 78, which looks attractive. But 30-day implied volatility is 44 and realised volatility is 47: the market is moving more than the options are pricing. The gate declines the entry. If the measurement is unavailable the check passes rather than blocking.