{"slug":"covered-calls-on-ko","qid":"iv_comparison","label":"Median near-the-money implied volatility, July to September 2026","post_title":"Covered Calls on KO: Premium vs Dividend","post_url":"/blog/covered-calls-on-ko#q-iv_comparison","columns":["symbol","median_iv_pct"],"rows":[{"symbol":"KO","median_iv_pct":20.1},{"symbol":"PG","median_iv_pct":20.7},{"symbol":"JNJ","median_iv_pct":24.5},{"symbol":"AAPL","median_iv_pct":25.7},{"symbol":"MSFT","median_iv_pct":27.8},{"symbol":"XOM","median_iv_pct":29},{"symbol":"NVDA","median_iv_pct":38.3}],"shape":"ranking","sql":"SELECT\n    underlying_symbol                                                                       AS symbol,\n    round(100 * quantileDeterministic(0.5)(toFloat64(implied_volatility), cityHash64(ticker)), 1) AS median_iv_pct\nFROM global_markets.options_greeks\nWHERE underlying_symbol IN ('KO', 'PG', 'JNJ', 'XOM', 'AAPL', 'MSFT', 'NVDA')\n  AND iv_converged = 1\n  AND volume > 0\n  AND days_to_expiry BETWEEN 20 AND 45\n  AND abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) < 0.05\n  AND date >= '2026-07-01'\n  AND date <  '2026-10-01'\nGROUP BY symbol\nORDER BY (symbol = 'KO') DESC, median_iv_pct ASC","computed_at":"2026-10-09T15:38:30.577217+00:00","elapsed":0.002836776}