One of the most common metrics used when trading options is the Implied Volatility Percentile. IV Percentile is a measure of implied volatility where current implied volatility is compared to the past implied volatility range. This comparison is made on the same stock. For example, Apple’s IV percentile takes the current implied volatility and compares it to the past implied volatilities Apple has had. This is then made into a percentage ranging from 0-100%. A zero percentage would depict a stock currently at the lowest level of implied volatility during the lookback period. In contrast, an IV…