Summary: We use [IV Rank](https://www.tastytrade.com/tt/learn/measuring-implied-volatility) to measure how low or how high IV currently is. We can use [High IV](https://www.tastytrade.com/tt/learn/measuring-implied-volatility) to our advantage, since stocks with higher IVR tend to give us a larger credit for short options. High IV rank tends to give us larger profit potential wider breakevens, and similar randomness in the market. Watch this episode of Options Jive as Tom and Tony explain this topic in depth and the role it plays in trade entry, management and number of occurrences.
