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Bath & Body Works Inc. — Implied volatility rank, VRP edge, and volatility regime
Bath & Body Works Inc. (BBWI) operates in the Consumer Discretionary sector and has actively traded listed options. Its IV Rank sits at 77.0%, placing premiums in the rich half of the 52-week range. IV Rank 77% is 48pp above the Consumer Discretionary sector median of 29%. Rich premiums may suit short-volatility setups. See Expected Move for strike placement.
This helps you judge whether implied volatility is elevated enough to justify selling options. High IV Rank means premiums are rich compared to the past year.
IV Rank above 50 generally favors premium sellers — you're collecting above-average premium.
IV Rank = (Current IV − 52w Low IV) / (52w High IV − 52w Low IV) × 100ORATS 30-day implied volatility, 52-week IV high/low
ORATS institutional options data, updated daily after market close (~6:00 PM ET)
IV Rank uses a fixed 1-year lookback. Regime changes (e.g., post-COVID vol reset) can distort the range. IV Rank alone does not indicate direction.
Higher IV Rank means relatively richer premiums compared to each stock's own history.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Bath & Body Works Inc.'s IV Rank at 77.0% indicates options premiums are above average, sitting in the upper third of the 252-day range. This is a favorable zone for premium sellers — IV is above its 1-year median, meaning more premium is available than usual. The key question is whether this elevated IV reflects genuine future risk or an overreaction. Check the VRP (currently +0.9pp) to confirm whether the market is overpricing risk.
Bath & Body Works Inc.'s IV Rank measures where current implied volatility sits relative to its 252-day range. At 77.0%, it indicates how rich or cheap options premiums are compared to the past year. Premium sellers generally prefer IV Rank above 30–50%, as higher IV means more premium per contract and a greater statistical edge — assuming VRP confirms actual overpricing.
Bath & Body Works Inc.'s IV Rank of 77.0% exceeds its Consumer Discretionary peers, suggesting stock-specific factors are driving elevated premiums. When one stock's IV Rank significantly leads the sector, it often reflects company-specific catalysts — upcoming earnings, regulatory decisions, or concentrated institutional positioning. Sector peers for comparison: CMG (52%), CVNA (40%), GRMN (29%). This sector-relative premium makes Bath & Body Works Inc. a candidate for premium selling even if the sector's overall IV environment is moderate.
VolRadar's signal prioritizes relative mispricing (RV Ratio) over absolute premium level (IV Rank). A ticker with low IVR but very low RV Ratio may show a Strong signal because options are significantly overpriced relative to actual movement. For richest absolute premiums, check IV Rank (>50%). Not financial advice — quantitative screening tool.
Bath & Body Works Inc.'s IV Rank is 77.0%, meaning current implied volatility is higher than 77% of readings over the past 252 trading days. This high level suggests rich premiums for option sellers.
Free embeddable tool: IV Rank Gauge — add daily IV Rank to any site. No signup, no API key.
| 0.79 |
| +10.4pp |
| weak |
| CVNA | 39.7% | 0.80 | +17.7pp | strong |
| GRMN | 29.4% | 0.81 | +7.3pp | weak |
Bath & Body Works Inc.'s Volatility Risk Premium (VRP) is +0.9pp. Slightly — IV is marginally above realized volatility, providing a small edge for sellers.
Bath & Body Works Inc.'s IV Rank is 77.0% — meaning current IV is higher than 77% of readings over the past year. This is elevated, so option premiums are richer than usual. Most theta gang traders prefer selling when IV Rank is above 30–50%.
Among Consumer Discretionary peers, Bath & Body Works Inc. has an IV Rank of 77.0%. Bath & Body Works Inc. leads the sector. The next highest peer is CMG at 52%, suggesting Bath & Body Works Inc. offers richer absolute premiums within the sector.
Bath & Body Works Inc.'s volatility is calculated using the Yang-Zhang estimator, which incorporates overnight gaps, opening range, and intraday movement — more accurate than simple close-to-close calculations for stocks with significant pre/post-market activity. The RV Ratio (0.99) compares realized volatility (HV 20d) to implied volatility (IV 30d). Below 0.85 means actual movement is well below what options are pricing in — favorable for premium sellers.
IV 30d (62.2%) − HV 20d (61.3%) = +0.9pp
Why two RV values? ORATS HV uses 20-day close-to-close. Yang-Zhang uses OHLC. VRP computed with ORATS HV. Δ12.6pp.
HV 20d (61.3%) ÷ IV 30d (62.2%). Below 1.0 = options overpriced.
| Window | Value | vs 60d ⓘ |
|---|---|---|
| RV 10d (YZ) | 50.0% | +10.2% |
| RV 20d (YZ) | 48.7% | +7.2% |
| HV 20d (ORATS) VRP | 61.3% | +35.1% |
| RV 60d (YZ) | 45.4% | baseline |