The same session scored at five different lookback windows
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from IV Rank vs IV Percentile: Formulas Explained.
| lookback_label | iv_rank | iv_percentile | observations |
|---|---|---|---|
| 1 month | 9.8 | 34.8 | 23 |
| 3 months | 12.4 | 41.9 | 62 |
| 6 months | 12.4 | 31.2 | 125 |
| 12 months | 21.9 | 46.1 | 256 |
| 24 months | 17.7 | 41.4 | 510 |
- Rows × columns
- 5 × 4
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
lookback_label |
text | 5 distinct values (1 month, 12 months, 24 months…) | |
iv_rank |
number | 9.8 to 21.9 | ratio or rate |
iv_percentile |
number | 31.2 to 46.1 | ratio or rate |
observations |
number | 23 to 510 |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH daily AS
(
SELECT
date,
avg(toFloat64(implied_volatility)) * 100 AS atm_iv
FROM global_markets.options_greeks
WHERE underlying_symbol = 'AAPL'
AND date >= today() - 800
AND iv_converged = 1
AND volume > 0
AND days_to_expiry BETWEEN 20 AND 45
AND abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) < 0.05
GROUP BY date
),
latest AS
(
SELECT
argMax(atm_iv, date) AS iv_now,
max(date) AS as_of
FROM daily
),
windows AS
(
SELECT
spec.1 AS lookback_label,
spec.2 AS lookback_days
FROM
(
SELECT arrayJoin([
('1 month', 30),
('3 months', 90),
('6 months', 180),
('12 months', 371),
('24 months', 742)
]) AS spec
)
)
SELECT
w.lookback_label AS lookback_label,
round(100 * (l.iv_now - min(d.atm_iv)) / nullIf(max(d.atm_iv) - min(d.atm_iv), 0), 1) AS iv_rank,
round(100 * countIf(d.atm_iv < l.iv_now) / count(), 1) AS iv_percentile,
count() AS observations
FROM daily AS d
CROSS JOIN windows AS w
CROSS JOIN latest AS l
WHERE d.date >= l.as_of - w.lookback_days
GROUP BY w.lookback_label, w.lookback_days, l.iv_now
ORDER BY w.lookback_days
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