Four sharp viewer questions on Confirm and Send, and the standout is the one every platform user wonders: IV rank and IV percentile sit right next to each other, so when do they disagree and which do you trade off? Tom Preston defines them cleanly, IV rank is a range statistic (where current vol sits between the 52 week high and low), while IV percentile is a frequency statistic (how many days in the past year had lower vol than today). 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Is index premium too cheap 00:18 Dispersion under the surface 01:30 Why the VIX is always cheaper 02:15 When not to sell index premium 04:00 IV rank vs IV percentile 04:34 How each one is calculated 06:00 Range stat vs frequency stat 06:40 One spike can skew IV rank 08:00 Is picking strikes by delta...