{"slug":"liquid-vs-volatile-options","qid":"iv_spectrum","label":"At-the-money implied volatility across six names (Jul 6 2026, Jul-17 expiry)","post_title":"Why Some Options Cost So Much More","post_url":"/blog/liquid-vs-volatile-options#q-iv_spectrum","columns":["instrument","atm_iv_pct","spot"],"rows":[{"instrument":"SPY","atm_iv_pct":13,"spot":751},{"instrument":"KO","atm_iv_pct":20.2,"spot":83},{"instrument":"QQQ","atm_iv_pct":24.5,"spot":720},{"instrument":"AAPL","atm_iv_pct":25.6,"spot":313},{"instrument":"NVDA","atm_iv_pct":39.7,"spot":195},{"instrument":"TSLA","atm_iv_pct":47.6,"spot":417}],"shape":"ranking","sql":"SELECT underlying_symbol AS instrument,\n       round(avg(implied_volatility) * 100, 1) AS atm_iv_pct,\n       round(avg(underlying_close), 0) AS spot\nFROM global_markets.options_greeks\nWHERE date = '2026-07-06'\n  AND implied_volatility > 0.02\n  AND abs(strike_price / underlying_close - 1) < 0.05\n  AND (ticker LIKE 'O:SPY260717%' OR ticker LIKE 'O:QQQ260717%'\n       OR ticker LIKE 'O:KO260717%' OR ticker LIKE 'O:AAPL260717%'\n       OR ticker LIKE 'O:NVDA260717%' OR ticker LIKE 'O:TSLA260717%')\nGROUP BY instrument\nORDER BY atm_iv_pct","computed_at":"2026-08-14T14:36:01.616524+00:00","elapsed":0.002089043}