{"slug":"what-is-implied-volatility","qid":"market_iv_wide","label":"ATM implied volatility across every actively traded underlying, July 15, 2026","post_title":"What Is Implied Volatility? IV, Explained","post_url":"/blog/what-is-implied-volatility#q-market_iv_wide","columns":["underlyings_measured","p25_iv_pct","median_iv_pct","p75_iv_pct","p95_iv_pct"],"rows":[{"underlyings_measured":753,"p25_iv_pct":34,"median_iv_pct":52.1,"p75_iv_pct":82.7,"p95_iv_pct":136.6}],"shape":"scalar","sql":"SELECT count() AS underlyings_measured,\n       round(100 * quantileExact(0.25)(iv), 1) AS p25_iv_pct,\n       round(100 * quantileExact(0.5)(iv), 1)  AS median_iv_pct,\n       round(100 * quantileExact(0.75)(iv), 1) AS p75_iv_pct,\n       round(100 * quantileExact(0.95)(iv), 1) AS p95_iv_pct\nFROM (\n    SELECT underlying_symbol, quantileExact(0.5)(implied_volatility) AS iv\n    FROM global_markets.options_greeks\n    WHERE date = toDate('2026-07-15')\n      AND iv_converged AND implied_volatility BETWEEN 0.02 AND 5\n      AND abs(strike_price / underlying_close - 1) <= 0.05\n      AND expiration_date BETWEEN date + 7 AND date + 60\n    GROUP BY underlying_symbol\n    HAVING sum(volume) >= 200\n)","computed_at":"2026-08-13T14:44:47.088002+00:00","elapsed":0.00240008}