{"slug":"collars","qid":"put_delta_trace","label":"The $740 put's delta deepening as it took over the downside","post_title":"The Options Collar: A Cheap Hedge","post_url":"/blog/collars#q-put_delta_trace","columns":["date","put_delta"],"rows":[{"date":"2026-06-04","put_delta":-0.223},{"date":"2026-06-05","put_delta":-0.546},{"date":"2026-06-08","put_delta":-0.503},{"date":"2026-06-09","put_delta":-0.558},{"date":"2026-06-10","put_delta":-0.796},{"date":"2026-06-11","put_delta":-0.494},{"date":"2026-06-12","put_delta":-0.428},{"date":"2026-06-15","put_delta":-0.155}],"shape":"series","sql":"SELECT date,\n       round(avg(delta), 3) AS put_delta\nFROM global_markets.options_greeks\nWHERE ticker = 'O:SPY260618P00740000' AND date BETWEEN '2026-06-04' AND '2026-06-15' AND implied_volatility > 0.02\nGROUP BY date ORDER BY date","computed_at":"2026-07-16T10:03:51.764871+00:00","elapsed":0.001600022}