IV Rank

IV Rank measures where current implied volatility sits relative to its own trailing 52-week range. Formula: (IV_now minus IV_52wk_low) divided by (IV_52wk_high minus IV_52wk_low) times 100. An IV Rank of 0 means vol is at the bottom of its annual range. An IV Rank of 100 means it is at the top. ACondor only sells premium when IV Rank meets its engine-specific floor: 50 for the mechanical and earnings engines, 80 for contraction. Each floor is adjustable per account from the dashboard. Selling at low IV Rank means collecting thin premium for the same risk. The edge disappears.