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High IV Rank Stocks Today: NOW Hits 93 as Market Breadth Turns Bearish

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# High [IV Rank screener](https://voledge.io/iv-rank) Stocks Today: NOW Hits 93 as Market Breadth Turns Bearish

**Meta description**: High IV rank stocks today: NOW at 93, SNOW and SNAP both at 57. VIX regime, [GEX dashboard](https://voledge.io/dashboard/gex) levels, and the top implied volatility setups for Apr 13.

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**ServiceNow** (**NOW**) printed an IV Rank of 93 into Monday's open — the highest reading in the VolEdge universe and a direct consequence of Friday's -7.5% drawdown. With breadth negative (15 advancing / 33 declining) and an average IV Rank of 38 across tracked names, the surface is pricing selective stress, not a broad vol event.

## Market Volatility Regime: VIX and Term Structure

The tape is bearish but orderly. Average daily change across 49 tracked names is -0.94%, with Technology leading sectors lower at -1.08%. No VIX reading is available in today's snapshot, but the implied-vol distribution tells the story: 11 names with IV Rank ≥ 50, concentrated in software and consumer discretionary, while the median name sits at IV Rank 38 — elevated but not extreme.

The GEX picture diverges sharply by index. **QQQ** total GEX is +258.8B with max gamma pinned at 612 and flip strike at 612 — a strongly positive-gamma regime where dealer hedging dampens intraday ranges. **SPY** total GEX is -252.1B with no clean flip strike, max gamma at 680, and a stacked put wall at the same level. This is a short-gamma regime for the broad market: below 680, dealer hedging amplifies downside rather than absorbing it.

## Top IV Rank Setups Today

**NOW** at IV Rank 93, current IV 88.4%, following a -7.5% single-day drawdown. This is the cleanest premium-rich setup in the book — IV Rank at the 100th percentile on a stock that just dislocated lower. The environment favors defined-risk premium selling structures, but single-stock event risk remains elevated until a catalyst is ruled out.

**Snowflake** (**SNOW**) and **Snap** (**SNAP**) both sit at IV Rank 57 with current IVs of 69.9% and 85.2% respectively — both at the 98-100th percentile of their trailing distributions. Cross-reference with the [earnings calendar](/tools/[earnings calendar](https://voledge.io/dashboard/earnings)-calendar) before structuring anything; software IV this rich typically requires an upcoming event to justify. If no catalyst, the spread between IV and realized favors premium sellers; if earnings are inside the window, this is event vol, not mean-reversion vol.

**DoorDash** (**DASH**) at IV Rank 55 (60.3% IV) and **Cloudflare** (**NET**) at IV Rank 54 (83.7% IV) round out the upper tier. **Affirm** (**AFRM**) at IV Rank 53 prints at the 100th IV percentile — a consumer-credit name with elevated IV amid broader discretionary weakness (-0.48% sector-wide). The common thread across these names is rotation, not idiosyncratic blowups. Use the [full IV Rank screener](/tools/iv-rank-screener) to filter by trend direction before selecting strikes.

## GEX Regime and Key Levels

Single-name GEX is concentrated and actionable. **NVDA** shows +173.0B total GEX with max gamma at 187.5 and a put wall at 185 — a strongly pinned regime. **AAPL** max gamma sits at 265 with the put wall at 260; price at $260.48 is sitting directly on dealer-defended support. **TSLA** flip strike and max gamma both at 352.5, with price at $348.95 — just below the flip, which is the regime-transition line. A move back above 352.5 flips TSLA into positive-gamma territory. See the [GEX dashboard](/tools/gex-dashboard) for strike-level detail.

## What to Watch Today

The SPY short-gamma / QQQ long-gamma split is the setup. If SPY holds above 680, the QQQ pin absorbs the tape. If SPY breaks 680 with breadth staying negative, the short-gamma regime does the work on the downside and single-name IV ranks in the 50-90 cohort are likely to expand further before mean-reverting.

## Related Reading

- [Earnings Options Strategy: Bank Earnings Kick Off Q1 Season (Week of Apr 13)](https://voledge.io/blog/earnings-options-strategy-bank-earnings-kick-off-q1-season-week-of-apr-13) - [High IV Rank Stocks Today: NOW Leads at 80 as Tech Dispersion Widens](https://voledge.io/blog/high-iv-rank-stocks-today-now-leads-at-80-as-tech-dispersion-widens) - [High IV Rank Stocks Today: GM Leads at 76 While Index GEX Stays Massively Positive](https://voledge.io/blog/high-iv-rank-stocks-today-gm-leads-at-76-while-index-gex-stays-massively-positive)