Highest Volatility Risk Premium (IV − HV)
As of April 21, 2026 (end-of-day snapshot). Pages update daily after the market close.
Names where 30-day implied volatility is richest relative to recent realized 20-day volatility. A large positive IV − HV spread is a common premium-selling screening signal — useful for finding candidates, but still dependent on sizing, liquidity, and tail-risk discipline.
Top 50 by IV − HV
The live volatility-risk-premium leaderboard loads after the page hydrates. Rows are ranked by the largest IV − HV spread (30-day ATM IV minus 20-day historical vol) — a common premium-selling screening signal.
Methodology
Primary sort metric: atm_iv_30d − hv_20d. Ratio is shown as a display column but not used for ranking — ratios blow up when realized vol is near zero. Filters: total_oi ≥ 50,000, spot ≥ $5. Sourced from daily EOD option_ticker_snapshots.
Frequently Asked Questions
What is the volatility risk premium?
VRP is the empirical tendency for implied volatility to exceed subsequent realized volatility on average. It is the structural reason systematic premium-selling strategies have historically produced positive expected returns — though realized edge varies widely by regime, transaction costs, and tail-event sizing.
Why rank by spread instead of ratio?
Spreads are additive and stable across the universe; ratios blow up when realized vol is near zero. As a ranking metric the spread is more robust. We show both.
Is selling premium on these names automatically profitable?
No. High VRP is a necessary condition, not sufficient. You still need sizing, tail management, and transaction-cost discipline. A chronically high VRP name may be paying you for a real tail risk.
Which HV tenor do you use?
hv_20d — 20 trading days, approximately one calendar month, which aligns with the 30D tenor of atm_iv_30d. That is the industry-standard comparison.