{"slug":"implied-volatility-vs-beta","qid":"iv_levels","label":"Near-the-money implied volatility, 20 to 45 days to expiry, three weeks to Aug 21 2026","post_title":"Implied Volatility vs Beta: What Each Tells You","post_url":"/blog/implied-volatility-vs-beta#q-iv_levels","columns":["symbol","iv_pct","expected_move_30d_pct","contract_count","iv_through"],"rows":[{"symbol":"COIN","iv_pct":65.5,"expected_move_30d_pct":18.8,"contract_count":598,"iv_through":"Aug 19"},{"symbol":"TSLA","iv_pct":41,"expected_move_30d_pct":11.7,"contract_count":653,"iv_through":"Aug 19"},{"symbol":"NVDA","iv_pct":40.3,"expected_move_30d_pct":11.6,"contract_count":437,"iv_through":"Aug 19"},{"symbol":"XOM","iv_pct":28.2,"expected_move_30d_pct":8.1,"contract_count":463,"iv_through":"Aug 19"},{"symbol":"MSFT","iv_pct":27.8,"expected_move_30d_pct":8,"contract_count":922,"iv_through":"Aug 19"},{"symbol":"AAPL","iv_pct":24.8,"expected_move_30d_pct":7.1,"contract_count":599,"iv_through":"Aug 19"},{"symbol":"GLD","iv_pct":22.9,"expected_move_30d_pct":6.6,"contract_count":2780,"iv_through":"Aug 19"},{"symbol":"JNJ","iv_pct":22.8,"expected_move_30d_pct":6.5,"contract_count":332,"iv_through":"Aug 19"},{"symbol":"KO","iv_pct":18.6,"expected_move_30d_pct":5.3,"contract_count":574,"iv_through":"Aug 19"},{"symbol":"SPY","iv_pct":13.5,"expected_move_30d_pct":3.9,"contract_count":7451,"iv_through":"Aug 19"},{"symbol":"TLT","iv_pct":11.7,"expected_move_30d_pct":3.4,"contract_count":1305,"iv_through":"Aug 19"}],"shape":"table","sql":"SELECT\n    underlying_symbol                                                       AS symbol,\n    round(avg(toFloat64(implied_volatility)) * 100, 1)                      AS iv_pct,\n    round(avg(toFloat64(implied_volatility)) * 100 * sqrt(30.0 / 365.0), 1) AS expected_move_30d_pct,\n    count()                                                                 AS contract_count,\n    formatDateTime(max(date), '%b %e')                                      AS iv_through\nFROM global_markets.options_greeks\nWHERE underlying_symbol IN ('SPY','AAPL','MSFT','NVDA','TSLA','COIN','KO','JNJ','XOM','GLD','TLT')\n  AND date >= '2026-08-03'\n  AND date <= '2026-08-21'\n  AND iv_converged = 1\n  AND volume > 0\n  AND days_to_expiry BETWEEN 20 AND 45\n  AND underlying_close > 0\n  AND abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) < 0.05\nGROUP BY symbol\nHAVING contract_count >= 25\nORDER BY iv_pct DESC","computed_at":"2026-08-28T23:14:46.447024+00:00","elapsed":0.002521364}