TXXD IV Rank & Percentile
Where TXXD’s implied volatility sits inside its own recent range — the single number that decides whether buying or selling premium is the side being paid on this name today.
Open interest and pricing as of the close on 2026-09-04. Recomputed every morning before the open.
We are not publishing an IV rank for TXXD today. No implied-volatility history is published for this symbol, so there is nothing to rank against.
A rank is the current reading divided by the span between the cheapest and most expensive of the period, so a single bad high makes every rank derived from it look far lower than it is. Showing the number anyway would tell you volatility is cheap when we cannot honestly say so.
The IV/HV ratio below is computed from current implied against realised volatility and does not depend on the history, so it is unaffected. For a model-free read of what the options market is pricing, the expected-move calculator works from a live straddle instead.
Cheap compared to what?
An IV rank is measured against the name’s own history, which flatters a stock whose volatility has been structurally falling all year. These are the same reading scored against two wider frames.
| Frame | Value score | Reads as |
|---|---|---|
| TXXD vs. its own recent | 5.0 | Withheld today — see above |
| vs. Financial Services | 5.0 | Against names that move for the same reasons |
| vs. the whole universe | 5.0 | Against every optionable US name we score |
Blended, these give TXXD a Value pillar score of 5.35 out of 10 — “Fairly valued”. How the pillars work.
IV rank, explained
What does an IV rank of 50 mean?
It places today’s implied volatility inside the name’s own recent high-low range. A rank of 0 means IV is at its cheapest of the year, 100 at its most expensive. It says nothing about direction — only about what TXXD options currently cost relative to what they normally cost.
IV rank vs. IV percentile — what’s the difference?
Rank uses only the high and the low, so one spike stretches the whole scale. Percentile counts the share of days that were cheaper than today, so it is unmoved by a single outlier. When the two disagree sharply, the year had an extreme day and the percentile is the more honest read.
Why does the IV/HV ratio matter alongside it?
IV rank is self-referential — it compares TXXD only to itself. The IV/HV ratio compares what options are pricing against how much the stock has actually moved. Low rank plus a ratio below 1 is the genuinely cheap case; low rank with a ratio well above 1 means options look cheap historically but are still charging more than recent movement justifies.
Does a low IV rank mean I should buy options?
It means premium is cheap by this name’s own standards, which is a necessary condition for buying, not a sufficient one. Volatility is usually low because nothing is happening — you still need a reason to expect that to change. Check the timing pillar for what is scheduled, and IV crush for what happens after it does.
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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.