Stocks With High IV — Options Expensive vs Their Own History

Implied volatility is only expensive or cheap relative to something. Here it is measured against each name’s own past: the share of trailing sessions on which its at-the-money volatility was lower than it is today. A reading of 90 means options have been cheaper than this on nine days in ten.

October 23, 2026 · 805 symbols met the liquidity bar of 50,000 open contracts · showing 100

#	Symbol	IV percentile	ATM IV	IV rank	IV / HV	1-wk move	Ticker analysis
1	EWZ Financial Services	99.6	115.5%	100.0	1.22	±16.0%	Analysis
2	LOW Consumer Cyclical	99.6	35.6%	100.0	1.25	±4.9%	Analysis
3	MPC Energy	99.6	55.1%	100.0	1.47	±7.6%	Analysis
4	NU Financial Services	99.6	101.4%	100.0	0.82	±14.0%	Analysis
5	TJX Consumer Cyclical	99.6	24.8%	100.0	1.42	±3.4%	Analysis
6	XP Financial Services	99.6	178.7%	100.0	1.02	±24.8%	Analysis
7	NUE Basic Materials	99.2	42.5%	95.7	1.41	±5.9%	Analysis
8	CLMT Energy	98.8	74.5%	81.1	1.53	±10.3%	Analysis
9	ETN Industrials	98.8	52.9%	95.4	1.40	±7.3%	Analysis
10	KRE Financial Services	98.8	57.0%	97.3	1.57	±7.9%	Analysis
11	PSX Energy	98.8	49.0%	97.8	1.56	±6.8%	Analysis
12	AMGN Healthcare	98.4	33.2%	88.2	1.17	±4.6%	Analysis
13	AZN Healthcare	98.4	34.4%	95.2	1.13	±4.8%	Analysis
14	TWLO Communication Services	98.4	124.2%	96.3	1.12	±17.2%	Analysis
15	CLX Consumer Defensive	98.0	41.8%	88.3	1.25	±5.8%	Analysis
16	NRG Utilities	98.0	55.9%	80.8	1.10	±7.7%	Analysis
17	TTWO Technology	98.0	42.6%	92.9	1.61	±5.9%	Analysis
18	COP Energy	97.6	38.7%	92.0	1.63	±5.4%	Analysis
19	DVA Healthcare	97.2	53.0%	78.9	1.10	±7.3%	Analysis
20	DINO Energy	96.4	56.5%	91.4	1.68	±7.8%	Analysis
21	SGI Consumer Defensive	96.4	57.2%	86.7	1.50	±7.9%	Analysis
22	IEF Financial Services	96.0	9.4%	72.2	1.64	±1.3%	Analysis
23	EMR Industrials	95.6	36.4%	83.1	1.90	±5.0%	Analysis
24	VLO Energy	95.2	56.2%	91.1	1.43	±7.8%	Analysis
25	HD Consumer Cyclical	94.4	32.1%	91.1	1.13	±4.4%	Analysis
26	NET Technology	94.4	73.3%	82.0	1.46	±10.2%	Analysis
27	UNM Financial Services	94.4	35.8%	63.1	1.62	±5.0%	Analysis
28	WELL Real Estate	94.4	29.1%	77.5	1.33	±4.0%	Analysis
29	WMT Consumer Defensive	94.4	26.2%	69.7	1.23	±3.6%	Analysis
30	KHC Consumer Defensive	94.0	30.9%	61.8	0.97	±4.3%	Analysis
31	NVS Healthcare	94.0	28.6%	61.5	1.27	±4.0%	Analysis
32	WYNN Consumer Cyclical	94.0	43.9%	86.6	1.45	±6.1%	Analysis
33	FLR Industrials	93.7	66.6%	63.3	1.00	±9.2%	Analysis
34	RIOT Financial Services	93.7	101.5%	48.8 ⚠	1.38	±14.1%	Analysis
35	ZTS Healthcare	93.3	50.0%	78.8	1.00	±6.9%	Analysis
36	CVX Energy	92.9	34.7%	83.5	1.66	±4.8%	Analysis
37	TLT Financial Services	92.1	15.2%	68.9	1.31	±2.1%	Analysis
38	UBS Financial Services	92.1	36.6%	77.2	1.34	±5.1%	Analysis
39	VOD Communication Services	91.4	42.6%	46.6 ⚠	1.25	±5.9%	Analysis
40	MNST Consumer Defensive	91.3	36.4%	79.8	1.40	±5.0%	Analysis
41	CRWV Technology	90.9	110.0%	78.0	1.14	±15.2%	Analysis
42	PANW Technology	90.9	61.8%	71.4	1.10	±8.6%	Analysis
43	PLTR Technology	90.9	57.1%	82.9	1.23	±7.9%	Analysis
44	KO Consumer Defensive	90.5	28.6%	75.8	1.20	±4.0%	Analysis
45	BSX Healthcare	90.1	74.4%	79.1	2.19	±10.3%	Analysis
46	CIFR Financial Services	90.1	127.0%	55.3	1.00	±17.6%	Analysis
47	CSCO Technology	90.1	37.6%	78.8	1.27	±5.2%	Analysis
48	WULF Financial Services	90.1	116.7%	45.5 ⚠	1.31	±16.2%	Analysis
49	AMZN Consumer Cyclical	89.7	48.3%	71.5	1.16	±6.7%	Analysis
50	LQD Financial Services	88.9	11.1%	25.0 ⚠	1.82	±1.5%	Analysis
51	SWKS Technology	88.9	62.2%	75.0	1.53	±8.6%	Analysis
52	DDOG Technology	88.5	71.8%	85.3	1.20	±9.9%	Analysis
53	INSM Healthcare	88.5	66.3%	59.5	1.53	±9.2%	Analysis
54	BMY Healthcare	88.1	45.6%	72.1	0.96	±6.3%	Analysis
55	FTNT Technology	88.1	95.4%	74.4	1.44	±13.2%	Analysis
56	MCD Consumer Cyclical	88.1	23.7%	70.8	1.40	±3.3%	Analysis
57	SE Consumer Cyclical	88.1	60.3%	83.6	1.40	±8.4%	Analysis
58	NXPI Technology	87.7	56.8%	61.1	1.42	±7.9%	Analysis
59	BA Industrials	87.3	49.8%	70.1	1.06	±6.9%	Analysis
60	QQQ Financial Services	87.3	27.0%	71.0	1.38	±3.7%	Analysis
61	RKT Financial Services	87.3	65.7%	62.3	1.00	±9.1%	Analysis
62	XLV Financial Services	87.3	20.7%	57.4	1.06	±2.9%	Analysis
63	SNY Healthcare	86.9	30.3%	61.5	1.03	±4.2%	Analysis
64	FXI Financial Services	86.5	29.8%	21.5 ⚠	1.35	±4.1%	Analysis
65	PINS Communication Services	86.5	99.6%	80.5	1.71	±13.8%	Analysis
66	MO Consumer Defensive	86.1	35.2%	72.7	1.27	±4.9%	Analysis
67	SHOP Technology	86.1	63.7%	82.8	1.50	±8.8%	Analysis
68	NDX Index	86.0	25.2%	66.6	1.00	±3.5%	Analysis
69	MRNA Healthcare	85.7	110.2%	52.3	0.84	±15.3%	Analysis
70	BP Energy	85.3	39.0%	76.3	1.38	±5.4%	Analysis
71	GEV Utilities	85.3	68.6%	51.7	1.02	±9.5%	Analysis
72	QQQM Financial Services	85.3	25.5%	69.4	1.32	±3.5%	Analysis
73	XOM Energy	85.3	35.9%	77.2	1.70	±5.0%	Analysis
74	GOOG Technology	84.9	49.8%	68.2	1.71	±6.9%	Analysis
75	CG Financial Services	84.5	50.2%	65.4	1.00	±7.0%	Analysis
76	EOG Energy	84.5	34.5%	78.7	1.49	±4.8%	Analysis
77	TQQQ Financial Services	84.5	80.3%	67.8	1.32	±11.1%	Analysis
78	KVYO Technology	84.1	86.6%	74.7	1.00	±12.0%	Analysis
79	XOP Financial Services	84.1	37.2%	55.7	1.50	±5.2%	Analysis
80	PFE Healthcare	83.7	26.6%	74.8	1.33	±3.7%	Analysis
81	SQQQ Financial Services	83.7	88.4%	69.8	1.42	±12.2%	Analysis
82	VFC Consumer Cyclical	83.7	87.3%	57.1	2.15	±12.1%	Analysis
83	XLE Financial Services	83.7	29.6%	50.0	1.48	±4.1%	Analysis
84	DASH Communication Services	83.3	56.3%	68.9	1.06	±7.8%	Analysis
85	GOOGL Technology	83.3	42.1%	66.5	1.71	±5.8%	Analysis
86	MXL Technology	83.3	128.9%	68.5	0.83	±17.9%	Analysis
87	VZ Communication Services	83.3	39.1%	55.7	0.63	±5.4%	Analysis
88	BUD Consumer Defensive	82.9	42.0%	59.2	1.10	±5.8%	Analysis
89	DVN Energy	82.9	40.3%	59.9	1.48	±5.6%	Analysis
90	UPS Industrials	82.9	53.8%	62.7	2.33	±7.4%	Analysis
91	KLAC Technology	82.1	78.4%	43.7	1.17	±10.9%	Analysis
92	SU Energy	82.1	35.2%	43.5	1.47	±4.9%	Analysis
93	ACI Consumer Defensive	81.7	42.0%	47.1	1.37	±5.8%	Analysis
94	CAR Industrials	81.7	71.5%	16.0 ⚠	1.44	±9.9%	Analysis
95	VGT Financial Services	81.7	30.0%	62.3	1.27	±4.2%	Analysis
96	JNJ Healthcare	81.3	27.0%	70.6	0.80	±3.7%	Analysis
97	OKE Energy	81.3	32.0%	69.2	1.10	±4.4%	Analysis
98	ABBV Healthcare	81.0	43.8%	66.8	1.39	±6.1%	Analysis
99	FLUT Consumer Cyclical	81.0	64.2%	74.4	1.00	±8.9%	Analysis
100	GIS Consumer Defensive	81.0	33.2%	69.1	0.76	±4.6%	Analysis

Ranked on IV percentile, not IV rank. The two measure the same history and answer differently: the percentile counts days below, the rank divides by the high-to-low range, so a single bad reading anywhere in the history destroys the rank and leaves the percentile untouched. Today 67 published symbols disagree with themselves by more than 40 points; their rank is greyed and marked. Ranked among the 308 symbols with at least 50,000 open contracts and an ATM spread inside 10%.

Cheapest against their own history

The other end: names whose options have rarely been cheaper than they are today.

FE4 TSLA6 MU9 UNH10 JPM15 MP15 DYN16 RGTI16 PM17 BE17 HL17 NXE17

How this list is built

Percentile versus rank

Both read the same trailing history. IV rank is where today sits between the lowest and highest readings; IV percentile is the share of days that were lower. Rank is more familiar and much more fragile — one corrupted or freak print sets the high and pushes every subsequent rank toward zero. The percentile does not care how extreme the outlier was, only that it was one day.

Why so many names read low

Because volatility genuinely is low. Measured across our whole history, the market-wide median at-the-money reading is at its lowest month in seventeen. When the whole market sits near the bottom of its own range, most names legitimately read near the bottom of theirs — a low reading across the board is the market, not a broken calculation.

What a high reading is and is not

It says options on that name cost more than they usually do. It does not say they are overpriced: volatility is often high because something is genuinely about to happen, and selling premium into that is a position, not a free lunch. Check the move being priced before deciding the market is wrong — and where in the calendar that volatility sits, since a high reading on a 30-day number is often a handful of expensive days inside an otherwise quiet month.

Which symbols qualify

A name needs a current at-the-money quote, an ATM spread inside 10% — vol solved from a wide quote is inflated, always upward — and at least 50,000 open contracts. Symbols with under twenty sessions of history are excluded outright rather than shown at a placeholder 50.

The most-watched names

The tickers people look up most often, whether or not they rank today.

NVDA SPY GME TSLA SPX MSTR META MSFT AMD SOFI AAPL INTC AVGO HOOD SMCI RKLB IWM COIN

Other rankings

Closest to max pain Nearest their call wall Most active options Most put-heavy Biggest expected move Full option chains

Go deeper on any name

Every symbol above has a full options analysis page, with its gamma walls, max pain, IV rank, option chain and put/call ratio alongside it.

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