Is RVI options pricing rich or cheap right now?

As of Jul 15, 2026, Robinhood Ventures Fund I (RVI) ATM IV is 90.5% against 20-day realized volatility of 57.6%. IV rank is 33.0%. RVI options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 32.9 vol points.

What is the RVI 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. RVI is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.

What does RVI 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. RVI's current rank of 33.0% 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.

Robinhood Ventures Fund I (RVI) 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.

Robinhood Ventures Fund I (RVI) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $343.1M, listed on NYSE, carrying a beta of 5.04 to the broader market. As a venture capital entity, Robinhood Ventures Fund I is dedicated to providing growth equity through direct investments. Led by Sarah Pinto, public since 2026-03-06.

Snapshot as of Jul 15, 2026.

Spot Price: $27.09
ATM IV: 90.5%
HV 20-Day: 57.6%
HV 60-Day: 712.7%
IV Rank: 33.0%
IV Percentile: 37.7%

As of Jul 15, 2026, Robinhood Ventures Fund I (RVI) ATM implied volatility is 90.5%. 20-day realized volatility is 57.6%, producing an IV-HV spread of +32.9 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 33.0%.

How RVI iv/hv history Data Feeds Strategy Selection

Strategy selection on Robinhood Ventures Fund I 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 90.5% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. 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.

How to read the RVI IV vs HV chart

The dual-line chart above tracks ATM implied volatility (forward-looking, what the chain is pricing) against 20-day realized historical volatility (backward-looking, what actually happened). ATM IV currently prints at 90.5%, 33.0% IV rank, against 57.6% realized over the trailing 20 trading days. Implied is pricing above realized by 32.9 vol points, the typical variance-risk-premium positive state in which premium sellers earn the gap. Persistent IV-above-HV is the variance-risk-premium-positive state typical of equity markets; persistent IV-below-HV is rare and usually marks underpriced vol that often expands.

RVI IV/HV regimes and trade selection

RVI IV rank at 33.0% sits mid-range - no structural edge from rank alone. Strategy choice should follow event calendar and the dealer-positioning read.

Using RVI vol history alongside the term structure

The IV/HV gap on this page captures the level of premium; the term-structure slope on the volatility page captures its shape across expirations. Contango (positive slope 0.050) is the resting state - longer-dated IV trades above near-dated IV because long-dated cycles include uncertain macro states. Pair the rank read with the slope read with the event calendar to choose the right tenor for the structure.

RVI IV/HV signal in volatility-cycle context

Equity-vol cycles tend to compress and expand on multi-month timeframes: a typical sequence runs low-IV-rank consolidation (months of flat tape, decaying premium) into a vol-expansion catalyst (earnings miss, macro shock, regime change) into elevated-IV-rank stress (premiums fat, dispersion high) back to mean-reverting compression. RVI's 33.0% IV rank places the ticker in the mid-range of its 1-year window - no strong cycle-position signal. The ratio of HV-20 (57.6%) to HV-60 (712.7%) gives a second cycle indicator: when 20-day exceeds 60-day, recent realization is running hotter than the trailing-quarter average - typically a sign that recent days have already started expanding vol regardless of where IV rank prints. Use the time series above to spot inflection points: meaningful IV/HV gap closures and openings tend to precede regime shifts by a few sessions.

Learn how implied vs realized volatility is reported and how to read the data →

Daily ATM implied volatility and 20-day realized (historical) volatility for RVI over the last ~21 trading days. The IV-HV gap measures the variance risk premium - when IV trades persistently above realized HV, premium-sellers earn the spread; when IV dips below HV, vol is structurally underpriced.

Daily values from end-of-day option_ticker_snapshots. Series sparse on illiquid tickers reflects gaps in the upstream end-of-day options data feed.

Most recent 15 trading days (descending). Older history appears in the chart above.

Date	ATM IV	HV 20d	HV 60d	IV Rank
Jul 15, 2026	90.5%	57.6%	712.7%	33.0%
Jul 14, 2026	97.8%	940.0%	712.3%	37.1%
Jul 13, 2026	97.4%	938.5%	712.2%	36.9%
Jul 10, 2026	75.3%	939.2%	711.8%	24.3%
Jul 9, 2026	86.4%	939.1%	711.9%	30.6%
Jul 8, 2026	87.6%	939.5%	712.6%	31.3%
Jul 7, 2026	89.1%	939.3%	712.4%	32.2%
Jul 6, 2026	96.9%	938.2%	711.8%	36.6%
Jul 2, 2026	97.4%	938.0%	711.8%	36.9%
Jul 1, 2026	93.8%	937.5%	711.4%	34.8%
Jun 30, 2026	94.8%	938.4%	711.9%	35.4%
Jun 29, 2026	87.2%	938.6%	711.9%	31.1%
Jun 26, 2026	90.9%	938.7%	712.3%	33.2%
Jun 25, 2026	93.5%	938.9%	712.3%	34.7%
Jun 24, 2026	95.6%	937.2%	711.4%	35.9%

Frequently asked RVI iv/hv history questions

Is RVI options pricing rich or cheap right now?: As of Jul 15, 2026, Robinhood Ventures Fund I (RVI) ATM IV is 90.5% against 20-day realized volatility of 57.6%. IV rank is 33.0%. RVI options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 32.9 vol points.
What is the RVI 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. RVI is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
What does RVI 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. RVI's current rank of 33.0% 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.