{"slug":"iron-condor-win-rate-and-expectancy","qid":"names","label":"Premium per dollar of spot at the same 16 delta, five underlyings","post_title":"Iron Condor Win Rate and Expectancy","post_url":"/blog/iron-condor-win-rate-and-expectancy#q-names","columns":["symbol","implied_vol_pct","short_premium_pct_of_spot","contract_count"],"rows":[{"symbol":"NVDA","implied_vol_pct":39.4,"short_premium_pct_of_spot":1.04,"contract_count":308},{"symbol":"MSFT","implied_vol_pct":34.1,"short_premium_pct_of_spot":0.9,"contract_count":546},{"symbol":"AAPL","implied_vol_pct":27.2,"short_premium_pct_of_spot":0.72,"contract_count":321},{"symbol":"KO","implied_vol_pct":20.8,"short_premium_pct_of_spot":0.54,"contract_count":244},{"symbol":"SPY","implied_vol_pct":16,"short_premium_pct_of_spot":0.43,"contract_count":2458}],"shape":"ranking","sql":"SELECT\n    underlying_symbol                                                        AS symbol,\n    round(100 * avg(implied_volatility), 1)                                  AS implied_vol_pct,\n    round(100 * avg(toFloat64(option_close) / toFloat64(underlying_close)), 2) AS short_premium_pct_of_spot,\n    count()                                                                  AS contract_count\nFROM global_markets.options_greeks\nWHERE underlying_symbol IN ('SPY', 'AAPL', 'MSFT', 'NVDA', 'KO')\n  AND date >= '2026-07-01'\n  AND date <  '2026-10-01'\n  AND iv_converged = 1\n  AND volume > 0\n  AND option_close > 0\n  AND underlying_close > 0\n  AND days_to_expiry BETWEEN 28 AND 45\n  AND abs(delta) BETWEEN 0.14 AND 0.18\nGROUP BY symbol\nORDER BY short_premium_pct_of_spot DESC","computed_at":"2026-10-05T15:06:03.323970+00:00","elapsed":0.00270809}