Lowest 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 cheap relative to recent realized 20-day vol — the rare equity setup where long-premium structures (straddles, strangles, calendar spreads) can be favorably priced.
Top 50 by IV − HV
The live low-VRP leaderboard loads after the page hydrates. Rows are ranked by the most-negative IV − HV spread — names where implied vol is cheap relative to realized.
Methodology
Same data and filters as the Highest VRP screener, ranked ascending so the most-negative (cheap-IV) names surface first.
Frequently Asked Questions
How often do names show up here?
Far less frequently than on the highest-VRP page. Genuinely cheap equity vol is rare and usually associated with post-vol-expansion regimes or quiet summer periods when short-premium positioning gets washed out.
What should I do with these names?
Long-premium structures are the natural fit: long straddles/strangles ahead of expected events, calendar spreads in contango term structure, ratio diagonals for defined risk. Position structure depends on your thesis.
What if HV is near zero?
We floor at hv_20d > 0 so divide-by-zero cases are excluded. Names with essentially zero realized vol are typically illiquid and filtered by the OI floor anyway.
Is this the same as low IV Rank?
Related but different. IV Rank compares current IV to its own 52-week history (regime signal). VRP compares current IV to current realized (valuation signal). A name can be low on one and not the other.