PRA Group, Inc. (PRAA) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
PRA Group, Inc. (PRAA) operates in the Financial Services sector, specifically the Financial - Credit Services industry, with a market capitalization near $560.7M, listed on NASDAQ, employing roughly 2,991 people, carrying a beta of 1.26 to the broader market. PRA Group, Inc. Led by Martin Sjolund, public since 2002-11-08.
Snapshot as of May 14, 2026.
- Spot Price
- $14.57
- ATM IV
- 51.8%
- HV 20-Day
- 79.1%
- HV 60-Day
- 79.4%
- IV Rank
- 12.7%
- IV Percentile
- 44.4%
As of May 14, 2026, PRA Group, Inc. (PRAA) ATM implied volatility is 51.8%. 20-day realized volatility is 79.1%, producing an IV-HV spread of -27.3 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion. IV rank is 12.7%.
How PRAA iv/hv history Data Feeds Strategy Selection
Strategy selection on PRA Group, Inc. options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 51.8% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked PRAA iv/hv history questions
- Is PRAA options pricing rich or cheap right now?
- As of May 14, 2026, PRA Group, Inc. (PRAA) ATM IV is 51.8% against 20-day realized volatility of 79.1%. IV rank is 12.7%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the PRAA variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. PRAA is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does PRAA IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. PRAA's current rank of 12.7% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.