Options Trading Strategies by Implied Volatility, Part 1

Match each strategy to its volatility regime using IV Rank, the volatility risk premium, and term structure.

Before we dive into the hard part, you need to know:

Options trading isn’t about guessing direction or swallowing the retail-taught one-line rules that implode the second they hit a live term structure.

Every single figure in that sequence is a term-structure output, and an option’s IV is completely useless in a vacuum—it’s only high or low when measured…