NVDA front band vs 91-180 day band: median near-the-money IV per session, Feb 10 to Mar 14, 2025
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 2026-08-04, from IV Term Structure: What the Curve Tells You.
| session_date | front_iv_pct | back_iv_pct | front_minus_back_pts |
|---|---|---|---|
| 2025-02-10 | 64.1 | 51.7 | 12.4 |
| 2025-02-11 | 66.4 | 51.2 | 15.2 |
| 2025-02-12 | 67.3 | 51.6 | 15.6 |
| 2025-02-13 | 67.9 | 51.4 | 16.5 |
| 2025-02-14 | 64.5 | 51 | 13.5 |
| 2025-02-18 | 69 | 49.5 | 19.4 |
| 2025-02-19 | 64.4 | 49.2 | 15.1 |
| 2025-02-20 | 64.3 | 49 | 15.3 |
| 2025-02-21 | 72.4 | 50.1 | 22.3 |
| 2025-02-24 | 77.5 | 51.9 | 25.6 |
| 2025-02-25 | 84.9 | 52.8 | 32.2 |
| 2025-02-26 | 76.4 | 51.7 | 24.7 |
| 2025-02-27 | 66.4 | 50 | 16.4 |
| 2025-02-28 | 56.6 | 50.9 | 5.7 |
| 2025-03-03 | 69.8 | 53.6 | 16.3 |
| 2025-03-04 | 80.9 | 51.9 | 29 |
| 2025-03-05 | 67 | 51.2 | 15.8 |
| 2025-03-06 | 71.9 | 52.3 | 19.6 |
| 2025-03-07 | 65 | 51.2 | 13.7 |
| 2025-03-10 | 78.3 | 55 | 23.4 |
| 2025-03-11 | 68.2 | 52.7 | 15.6 |
| 2025-03-12 | 67.4 | 52.9 | 14.4 |
| 2025-03-13 | 61.9 | 51.8 | 10.1 |
| 2025-03-14 | 54.4 | 51.1 | 3.3 |
- Rows × columns
- 24 × 4
- Period covered
- to
- 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 |
|---|---|---|---|
session_date |
date | 2025-02-10 to 2025-03-14 | |
front_iv_pct |
number | 54.4 to 84.9 | percent |
back_iv_pct |
number | 49 to 55 | percent |
front_minus_back_pts |
number | 3.3 to 32.2 |
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
SELECT toDate(date) AS session_date,
round(100 * quantileDeterministicIf(0.5)(toFloat64(implied_volatility), cityHash64(ticker),
days_to_expiry BETWEEN 5 AND 20), 1) AS front_iv_pct,
round(100 * quantileDeterministicIf(0.5)(toFloat64(implied_volatility), cityHash64(ticker),
days_to_expiry BETWEEN 91 AND 180), 1) AS back_iv_pct,
round(100 * (quantileDeterministicIf(0.5)(toFloat64(implied_volatility), cityHash64(ticker),
days_to_expiry BETWEEN 5 AND 20)
- quantileDeterministicIf(0.5)(toFloat64(implied_volatility), cityHash64(ticker),
days_to_expiry BETWEEN 91 AND 180)), 1) AS front_minus_back_pts
FROM global_markets.options_greeks
WHERE underlying_symbol = 'NVDA'
AND date >= toDate('2025-02-10')
AND date < toDate('2025-03-15')
AND iv_converged = 1
AND volume > 0
AND implied_volatility BETWEEN 0.05 AND 5
AND abs(toFloat64(delta)) BETWEEN 0.35 AND 0.65
AND ((days_to_expiry BETWEEN 5 AND 20) OR (days_to_expiry BETWEEN 91 AND 180))
GROUP BY session_date
HAVING countIf(days_to_expiry BETWEEN 5 AND 20) >= 3
AND countIf(days_to_expiry BETWEEN 91 AND 180) >= 3
ORDER BY session_date
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