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AAPL implied volatility by strike distance, downside puts vs upside calls (May to July 2026)

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-18, from Collar Option Greeks as the Stock Moves.

as of ranking 6×4read in context →
AAPL implied volatility by strike distance, downside puts vs upside calls (May to July 2026) — 6 rows by 4 columns, computed from US exchange, SIP and OPRA data.
strike_distancedownside_put_iv_pctupside_call_iv_pctput_minus_call_pts
2.5% out26.1260.1
5% out27.125.81.3
7.5% out28.525.62.9
10% out30.3264.3
12.5% out32.426.46
15% out34.526.77.8
Rows × columns
6 × 4
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for AAPL implied volatility by strike distance, downside puts vs upside calls (May to July 2026), derived from the stored result.
ColumnTypeRangeNotes
strike_distance text 6 distinct values (10% out, 12.5% out, 15% out…)
downside_put_iv_pct number 26.1 to 34.5 percent
upside_call_iv_pct number 25.6 to 26.7 percent
put_minus_call_pts number 0.1 to 7.8

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.

the exact SQL behind every number 
SELECT
    concat(toString(distance_pct), '% out')                                    AS strike_distance,
    round(100 * avgIf(implied_volatility, below_spot AND put_leg), 1)          AS downside_put_iv_pct,
    round(100 * avgIf(implied_volatility, above_spot AND call_leg), 1)         AS upside_call_iv_pct,
    round(100 * (avgIf(implied_volatility, below_spot AND put_leg)
               - avgIf(implied_volatility, above_spot AND call_leg)), 1)       AS put_minus_call_pts
FROM
(
    SELECT
        implied_volatility,
        round(abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) * 100 / 2.5) * 2.5 AS distance_pct,
        toFloat64(strike_price) < toFloat64(underlying_close) AS below_spot,
        toFloat64(strike_price) > toFloat64(underlying_close) AS above_spot,
        delta < 0 AS put_leg,
        delta > 0 AS call_leg
    FROM global_markets.options_greeks
    WHERE underlying_symbol = 'AAPL'
      AND date >= '2026-05-01'
      AND date <  '2026-08-01'
      AND iv_converged = 1
      AND volume > 0
      AND days_to_expiry BETWEEN 20 AND 45
      AND abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) BETWEEN 0.015 AND 0.16
)
GROUP BY distance_pct
HAVING countIf(below_spot AND put_leg) > 50
   AND countIf(above_spot AND call_leg) > 50
ORDER BY distance_pct

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