{"slug":"figma-lockup-expiration","qid":"iv_into_the_final_unlock","label":"iv_into_the_final_unlock","post_title":"figma-lockup-expiration","post_url":"/blog/figma-lockup-expiration#q-iv_into_the_final_unlock","columns":["date","day_label","atm_iv_pct","contract_volume"],"rows":[{"date":"2026-07-06","day_label":"Jul 6","atm_iv_pct":95.2,"contract_volume":657},{"date":"2026-07-07","day_label":"Jul 7","atm_iv_pct":97.8,"contract_volume":3536},{"date":"2026-07-08","day_label":"Jul 8","atm_iv_pct":93,"contract_volume":1286},{"date":"2026-07-09","day_label":"Jul 9","atm_iv_pct":90.8,"contract_volume":1587},{"date":"2026-07-10","day_label":"Jul 10","atm_iv_pct":88.6,"contract_volume":226},{"date":"2026-07-13","day_label":"Jul 13","atm_iv_pct":101.7,"contract_volume":2227},{"date":"2026-07-14","day_label":"Jul 14","atm_iv_pct":108.7,"contract_volume":5548},{"date":"2026-07-15","day_label":"Jul 15","atm_iv_pct":102.9,"contract_volume":1284},{"date":"2026-07-16","day_label":"Jul 16","atm_iv_pct":108.2,"contract_volume":2238},{"date":"2026-07-17","day_label":"Jul 17","atm_iv_pct":114.8,"contract_volume":3912},{"date":"2026-07-20","day_label":"Jul 20","atm_iv_pct":113.9,"contract_volume":2360},{"date":"2026-07-21","day_label":"Jul 21","atm_iv_pct":111.5,"contract_volume":2068},{"date":"2026-07-22","day_label":"Jul 22","atm_iv_pct":111.7,"contract_volume":485},{"date":"2026-07-23","day_label":"Jul 23","atm_iv_pct":104.5,"contract_volume":1966},{"date":"2026-07-24","day_label":"Jul 24","atm_iv_pct":108.9,"contract_volume":861},{"date":"2026-07-27","day_label":"Jul 27","atm_iv_pct":105.8,"contract_volume":766},{"date":"2026-07-28","day_label":"Jul 28","atm_iv_pct":112.2,"contract_volume":3839},{"date":"2026-07-29","day_label":"Jul 29","atm_iv_pct":116.5,"contract_volume":2582},{"date":"2026-07-30","day_label":"Jul 30","atm_iv_pct":109.7,"contract_volume":366},{"date":"2026-07-31","day_label":"Jul 31","atm_iv_pct":108.8,"contract_volume":706},{"date":"2026-08-03","day_label":"Aug 3","atm_iv_pct":110.1,"contract_volume":265},{"date":"2026-08-04","day_label":"Aug 4","atm_iv_pct":105.8,"contract_volume":1509},{"date":"2026-08-05","day_label":"Aug 5","atm_iv_pct":126.2,"contract_volume":107},{"date":"2026-08-06","day_label":"Aug 6","atm_iv_pct":86.4,"contract_volume":2875},{"date":"2026-08-07","day_label":"Aug 7","atm_iv_pct":75.2,"contract_volume":397},{"date":"2026-08-10","day_label":"Aug 10","atm_iv_pct":77.7,"contract_volume":2583},{"date":"2026-08-11","day_label":"Aug 11","atm_iv_pct":73.4,"contract_volume":428},{"date":"2026-08-12","day_label":"Aug 12","atm_iv_pct":69.1,"contract_volume":965},{"date":"2026-08-13","day_label":"Aug 13","atm_iv_pct":75.4,"contract_volume":1530},{"date":"2026-08-14","day_label":"Aug 14","atm_iv_pct":76,"contract_volume":846},{"date":"2026-08-17","day_label":"Aug 17","atm_iv_pct":74.5,"contract_volume":1409},{"date":"2026-08-18","day_label":"Aug 18","atm_iv_pct":73.8,"contract_volume":1692},{"date":"2026-08-19","day_label":"Aug 19","atm_iv_pct":73.1,"contract_volume":1662},{"date":"2026-08-20","day_label":"Aug 20","atm_iv_pct":73.6,"contract_volume":688},{"date":"2026-08-21","day_label":"Aug 21","atm_iv_pct":69.8,"contract_volume":316},{"date":"2026-08-24","day_label":"Aug 24","atm_iv_pct":71.9,"contract_volume":995},{"date":"2026-08-25","day_label":"Aug 25","atm_iv_pct":73.8,"contract_volume":238},{"date":"2026-08-26","day_label":"Aug 26","atm_iv_pct":67.3,"contract_volume":142},{"date":"2026-08-27","day_label":"Aug 27","atm_iv_pct":73.5,"contract_volume":4978},{"date":"2026-08-28","day_label":"Aug 28","atm_iv_pct":71.2,"contract_volume":1749},{"date":"2026-08-31","day_label":"Aug 31","atm_iv_pct":68.5,"contract_volume":423},{"date":"2026-09-01","day_label":"Sep 1","atm_iv_pct":70.4,"contract_volume":327},{"date":"2026-09-02","day_label":"Sep 2","atm_iv_pct":68.2,"contract_volume":2361},{"date":"2026-09-03","day_label":"Sep 3","atm_iv_pct":71,"contract_volume":936},{"date":"2026-09-04","day_label":"Sep 4","atm_iv_pct":68.7,"contract_volume":1639}],"shape":"series","sql":"WITH near_the_money AS\n(\n    SELECT\n        date AS session_date,\n        implied_volatility,\n        volume\n    FROM global_markets.options_greeks\n    WHERE underlying_symbol = 'FIG'\n      AND date >= '2026-07-06'\n      AND date <= '2026-09-04'\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)\nSELECT\n    toString(session_date)                  AS date,\n    formatDateTime(session_date, '%b %e')   AS day_label,\n    round(100 * avg(implied_volatility), 1) AS atm_iv_pct,\n    sum(volume)                             AS contract_volume\nFROM near_the_money\nGROUP BY session_date\nHAVING count() >= 3\nORDER BY session_date","computed_at":"2026-09-25T15:02:34.938651+00:00","elapsed":0.001433227}