IV Crush Setups
Implied volatility rises into earnings as traders hedge, then collapses ("crushes") after the print resolves uncertainty. Short-premium plays (sell strangles, iron condors, short straddles) profit when the actual move is smaller than implied. This page surfaces upcoming setups with rich IV and shows whether the market historically over- or underestimates the actual move.
Ideas tracked (50d)
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Best idea
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Worst idea
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Current High-IV Setups
Upcoming earnings (next 30 days) ranked by implied volatility · sortable| Ticker | Company | Period | Reports | Days | IV % | Expected Move % |
|---|---|---|---|---|---|---|
| PMCB | PharmaCyte Biotech, Inc. | Jul/2026 | Sep 21 | 13d | 96% | ±1336.1% |
| ITP | IT Tech Packaging, Inc. | Jun/2026 | Sep 10 | 2d | 69% | ±915.2% |
| BIOX | Bioceres Crop Solutions Corp. | Jun/2026 | Sep 8 | 0d | 63% | ±875.8% |
| DXLG | Destination XL Group, Inc. | Jul/2026 | Sep 9 | 1d | 44% | ±579.4% |
| OPTT | Ocean Power Technologies, Inc. | Jul/2026 | Sep 21 | 13d | 32% | ±428.9% |
| MNY | MoneyHero Limited | Jun/2026 | Sep 11 | 3d | 28% | ±373.6% |
| YRD | Yiren Digital Ltd. | Jun/2026 | Sep 10 | 2d | 24% | ±311.2% |
| LITS | Lite Strategy, Inc. | Jun/2026 | Sep 25 | 17d | 20% | ±268.2% |
| NNVC | NanoViricides, Inc. | Jun/2026 | Oct 5 | 27d | 19% | ±252.3% |
| ISPR | Ispire Technology Inc. | Jun/2026 | Sep 21 | 13d | 12% | ±158.5% |
| CLGN | CollPlant Biotechnologies Ltd. | Jun/2026 | Sep 9 | 1d | 9% | ±148.3% |
| HYFT | MindWalk Holdings Corp. | Jul/2026 | Sep 21 | 13d | 9% | ±114.8% |
| ELME | Elme Communities | Jun/2026 | Sep 8 | 0d | 6% | ±113.1% |
| IVA | Inventiva S.A. | Jun/2026 | Sep 25 | 17d | 5% | ±73.2% |
| CAN | Canaan Inc. | Jun/2026 | Sep 8 | 0d | 5% | ±69.4% |
| HAIN | The Hain Celestial Group, Inc. | Jun/2026 | Sep 14 | 6d | 5% | ±66.1% |
| CULP | Culp, Inc. | Jul/2026 | Sep 9 | 1d | 5% | ±59.9% |
| ANIX | Anixa Biosciences, Inc. | Jul/2026 | Sep 9 | 1d | 4% | ±87.7% |
| DLNG | Dynagas LNG Partners LP | Jun/2026 | Sep 8 | 0d | 4% | ±69.7% |
| EPM | Evolution Petroleum Corporation, Inc. | Jun/2026 | Sep 15 | 7d | 4% | ±58.1% |
| CMCM | Cheetah Mobile Inc. | Jun/2026 | Sep 11 | 3d | 4% | ±53.0% |
| VRA | Vera Bradley, Inc. | Jul/2026 | Sep 15 | 7d | 4% | ±51.9% |
| NBP | NovaBridge Biosciences | Jun/2026 | Sep 9 | 1d | 4% | ±70.7% |
| NTWK | NetSol Technologies Inc. | Jun/2026 | Oct 5 | 27d | 4% | ±48.8% |
| GLOO | Gloo Holdings, Inc. | Jul/2026 | Sep 9 | 1d | 3% | ±44.0% |
| NEOV | NeoVolta Inc. | Jun/2026 | Oct 5 | 27d | 3% | ±41.7% |
| BNTC | Benitec Biopharma Inc. | Jun/2026 | Sep 28 | 20d | 3% | ±40.5% |
| SFIX | Stitch Fix, Inc. | Jul/2026 | Sep 23 | 15d | 3% | ±37.0% |
| LSAK | Lesaka Technologies, Inc. | Jun/2026 | Sep 9 | 1d | 3% | ±36.5% |
| ODD | ODDITY Tech Ltd. | Jun/2026 | Sep 9 | 1d | 3% | ±18.8% |
Implied Move vs Actual — Historical Accuracy
Points below the diagonal = market overpriced the move (short-premium wins) · 3 eventsCrush Stats by IV Bucket
Where the short-premium edge is strongest| IV Range | # Events | Avg Expected | Avg Actual | Avg Edge | % Overpriced |
|---|---|---|---|---|---|
| Low (<30%) | 2 | ±17.72% | ±0.38% | +17.34% | 100.0% |
| Med (30-60%) | 1 | ±43.47% | ±2.93% | +40.54% | 100.0% |
Evidence Behind This Strategy
Backtest incomplete
▸ Show methodology
Backtest incomplete: No events with matched pre-earnings IV + price moves.
Method
For each past EarningsEvent: pull the most recent ATM IV snapshot BEFORE the report (no look-ahead), compute the actual 1-day realized move (pre-close → post-close), and the IV-implied 1-day move (atm_iv / sqrt(252)). Compare richness ratio = implied / realized. Bucket by IV magnitude.