High IV Rank Stocks Today: GM Leads at 76 While Index GEX Stays Massively Positive
# High [IV Rank screener](https://voledge.io/iv-rank) Stocks Today: GM Leads at 76 While Index [GEX dashboard](https://voledge.io/dashboard/gex) Stays Massively Positive
**Meta description:** High IV rank stocks today — GM at 76, HD at 72, AFRM at 59 lead the IV screener while SPY GEX holds at +$172B in a pinned, mean-reverting regime. Apr 8 volatility brief.
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Average IV Rank across the board sits at just 32 despite a broad +3.1% rally with 42 advancers against 7 decliners — the market is moving but implied volatility is not following. Only 8 names carry an IV Rank above 50, and the pockets where premium is elevated tell a more specific story than the index-level calm suggests.
## Market Volatility Regime: VIX and Term Structure
SPY GEX reads +$172.3B with the flip strike, max gamma, and call wall all converging at 663. QQQ mirrors the setup at +$132.4B with its own triple convergence at 590. This is a deeply positive gamma environment — dealers are long gamma across both major index ETFs, which means hedging activity dampens moves in both directions. Expect mean-reversion and compressed intraday ranges on SPY and QQQ unless something breaks below the put walls at 658 and 587 respectively. The [GEX dashboard](/tools/gex-dashboard) has the full strike-level breakdown.
One name breaks the pattern: **TSLA** carries -$2.2B in total GEX — the only negative gamma reading among the top five tracked names. With price at 346.65 and the put wall at 350, TSLA is sitting below its own dealer support in a short-gamma regime. That means dealer hedging amplifies directional moves rather than containing them. If you are running premium on TSLA, the GEX levels today warrant wider strikes than the index environment might otherwise suggest.
## Top IV Rank Setups Today
**GM** stands out at IV Rank 76 with current implied volatility at 52.8% — the highest IV Rank reading on the options volatility screener today. The stock is up 2.8% on the session, but the elevated vol likely reflects tariff and macro uncertainty baked into the auto sector rather than a single catalyst. **F** confirms the pattern at IV Rank 57 and 38.3% IV. When two names in the same sector both carry elevated IV Rank without imminent [earnings calendar](https://voledge.io/dashboard/earnings), the premium reflects a sector-level risk repricing. That environment historically favors credit spread structures where the vol is rich relative to realized movement. Check the [earnings calendar](/tools/earnings-calendar) to confirm neither name has a report within the next two weeks before sizing positions.
**HD** at IV Rank 72 and 39.0% IV is the second-highest reading on today's screen. For a low-beta retail name, IV Rank in the 70s is unusual outside of earnings windows. The implied move is pricing in more uncertainty than HD has typically delivered — in 2025, HD's realized vol ran below its implied vol for 8 of 12 months, making it a consistent IV overpricing candidate.
Further down the [full IV Rank screener](/tools/iv-rank-screener), **AFRM** at 59 and 94.3% current IV, **NOW** at 55 and 59.9% IV, and **ABNB** at 54 and 49.5% IV round out the stocks with high implied volatility worth monitoring. AFRM's raw IV at 94.3% is the highest absolute reading on the board, but its IV Rank at 59 indicates this level is not extreme relative to its own history — AFRM simply lives in a high-vol regime. The premium is elevated, not exceptional.
## What to Watch Today
The tension today is between a strong directional session and a deeply pinned GEX structure on the indices. SPY sitting right at its 663 max gamma strike with +$172.3B in positive GEX suggests dealers will absorb this rally and compress the range from here — unless a catalyst forces price below the 658 put wall, where $50.7B in negative net GEX would flip the regime entirely. The auto sector IV concentration in GM and F, combined with TSLA's isolated negative GEX, makes that corner of the market the most interesting for premium strategies while the broader tape stays pinned.
## Related Reading
- [High IV Rank Stocks Today: NOW, GM, and RBLX Surface in a Dealer-Pinned Market](https://voledge.io/blog/high-iv-rank-stocks-today-now-gm-and-rblx-surface-in-a-dealer-pinned-market) - [The Best Options Strategy for Low IV: Butterfly Spreads in a Dealer-Pinned Market](https://voledge.io/blog/the-best-options-strategy-for-low-iv-butterfly-spreads-in-a-dealer-pinned-market) - [Gamma Exposure Explained: GEX Levels and Dealer Positioning — Apr 6, 2026](https://voledge.io/blog/gamma-exposure-explained-gex-levels-and-dealer-positioning-apr-6-2026)