{"slug":"how-much-to-risk-per-trade","qid":"forward_iv","label":"forward_iv","post_title":"how-much-to-risk-per-trade","post_url":"/blog/lang/pcm/how-much-to-risk-per-trade#q-forward_iv","columns":["month","month_label","atm_iv_pct","one_day_move_pct"],"rows":[{"month":"2024-09-01","month_label":"Sep 2024","atm_iv_pct":24.6,"one_day_move_pct":1.55},{"month":"2024-10-01","month_label":"Oct 2024","atm_iv_pct":26.6,"one_day_move_pct":1.68},{"month":"2024-11-01","month_label":"Nov 2024","atm_iv_pct":19.9,"one_day_move_pct":1.25},{"month":"2024-12-01","month_label":"Dec 2024","atm_iv_pct":19.1,"one_day_move_pct":1.2},{"month":"2025-01-01","month_label":"Jan 2025","atm_iv_pct":27,"one_day_move_pct":1.7},{"month":"2025-02-01","month_label":"Feb 2025","atm_iv_pct":23.2,"one_day_move_pct":1.46},{"month":"2025-03-01","month_label":"Mar 2025","atm_iv_pct":29.1,"one_day_move_pct":1.84},{"month":"2025-04-01","month_label":"Apr 2025","atm_iv_pct":43.4,"one_day_move_pct":2.74},{"month":"2025-05-01","month_label":"May 2025","atm_iv_pct":30.8,"one_day_move_pct":1.94},{"month":"2025-06-01","month_label":"Jun 2025","atm_iv_pct":27.3,"one_day_move_pct":1.72},{"month":"2025-07-01","month_label":"Jul 2025","atm_iv_pct":29.3,"one_day_move_pct":1.85},{"month":"2025-08-01","month_label":"Aug 2025","atm_iv_pct":25,"one_day_move_pct":1.57},{"month":"2025-09-01","month_label":"Sep 2025","atm_iv_pct":23.6,"one_day_move_pct":1.49},{"month":"2025-10-01","month_label":"Oct 2025","atm_iv_pct":27.8,"one_day_move_pct":1.75},{"month":"2025-11-01","month_label":"Nov 2025","atm_iv_pct":23.4,"one_day_move_pct":1.48},{"month":"2025-12-01","month_label":"Dec 2025","atm_iv_pct":20.4,"one_day_move_pct":1.29},{"month":"2026-01-01","month_label":"Jan 2026","atm_iv_pct":27.4,"one_day_move_pct":1.72},{"month":"2026-02-01","month_label":"Feb 2026","atm_iv_pct":25.7,"one_day_move_pct":1.62},{"month":"2026-03-01","month_label":"Mar 2026","atm_iv_pct":28.6,"one_day_move_pct":1.8},{"month":"2026-04-01","month_label":"Apr 2026","atm_iv_pct":28.8,"one_day_move_pct":1.81},{"month":"2026-05-01","month_label":"May 2026","atm_iv_pct":23.5,"one_day_move_pct":1.48},{"month":"2026-06-01","month_label":"Jun 2026","atm_iv_pct":25.1,"one_day_move_pct":1.58},{"month":"2026-07-01","month_label":"Jul 2026","atm_iv_pct":29.7,"one_day_move_pct":1.87},{"month":"2026-08-01","month_label":"Aug 2026","atm_iv_pct":24.7,"one_day_move_pct":1.56}],"shape":"series","sql":"SELECT\n    toString(month_start)                                   AS month,\n    formatDateTime(month_start, '%b %Y')                    AS month_label,\n    round(100 * avg(implied_volatility), 1)                 AS atm_iv_pct,\n    round(100 * avg(implied_volatility) / sqrt(252), 2)     AS one_day_move_pct\nFROM\n(\n    SELECT\n        toStartOfMonth(date) AS month_start,\n        implied_volatility\n    FROM global_markets.options_greeks\n    WHERE underlying_symbol = 'AAPL'\n      AND date >= '2024-09-01'\n      AND date <  '2026-09-01'\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)\nGROUP BY month_start\nORDER BY month_start","computed_at":"2026-09-27T15:40:50.165305+00:00","elapsed":0.001862225}