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Both positions at four moments: entry, three weeks in, the SPY high, and the June dip

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 2026-07-31, from Covered Call vs Cash-Secured Put.

as of table 4×5read in context →
Both positions at four moments: entry, three weeks in, the SPY high, and the June dip — 4 rows by 5 columns, computed from US exchange, SIP and OPRA data.
stagespy_pricecovered_call_plcash_secured_put_plgap_abs
1. Both trades opened (May 1)720000
2. Three weeks in (May 15)737.347.326.440.88
3. SPY high (Jun 2)759.6315.4713.352.12
4. SPY dip (Jun 10)722.887.596.451.14
Rows × columns
4 × 5
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for Both positions at four moments: entry, three weeks in, the SPY high, and the June dip, derived from the stored result.
ColumnTypeRangeNotes
stage text 4 distinct values
spy_price number 720 to 759.63 US dollars
covered_call_pl number 0 to 15.47
cash_secured_put_pl number 0 to 13.35
gap_abs number 0 to 2.12

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 entry AS (
    SELECT avgIf(option_close, ticker = 'O:SPY260618C00720000') AS call0,
           avgIf(option_close, ticker = 'O:SPY260618P00720000') AS put0,
           avg(underlying_close) AS spy0
    FROM global_markets.options_greeks
    WHERE ticker IN ('O:SPY260618C00720000', 'O:SPY260618P00720000')
      AND date = '2026-05-01'
      AND implied_volatility > 0.02
)
SELECT multiIf(g.date = '2026-05-01', '1. Both trades opened (May 1)',
               g.date = '2026-05-15', '2. Three weeks in (May 15)',
               g.date = '2026-06-02', '3. SPY high (Jun 2)',
               '4. SPY dip (Jun 10)') AS stage,
       round(avg(g.underlying_close), 2) AS spy_price,
       round(avg(g.underlying_close) - any(entry.spy0) + any(entry.call0)
             - avgIf(g.option_close, g.ticker = 'O:SPY260618C00720000'), 2) AS covered_call_pl,
       round(any(entry.put0)
             - avgIf(g.option_close, g.ticker = 'O:SPY260618P00720000'), 2) AS cash_secured_put_pl,
       round(abs((avg(g.underlying_close) - any(entry.spy0) + any(entry.call0)
                  - avgIf(g.option_close, g.ticker = 'O:SPY260618C00720000'))
                 - (any(entry.put0)
                    - avgIf(g.option_close, g.ticker = 'O:SPY260618P00720000'))), 2) AS gap_abs
FROM global_markets.options_greeks g, entry
WHERE g.ticker IN ('O:SPY260618C00720000', 'O:SPY260618P00720000')
  AND g.date IN ('2026-05-01', '2026-05-15', '2026-06-02', '2026-06-10')
  AND g.implied_volatility > 0.02
GROUP BY g.date
ORDER BY g.date

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