{"slug":"how-much-money-do-you-need-to-trade-options","qid":"put_trace","label":"put_trace","post_title":"how-much-money-do-you-need-to-trade-options","post_url":"/blog/how-much-money-do-you-need-to-trade-options#q-put_trace","columns":["session_date","day_label","stock_close","margin_required_usd","stock_vs_strike_pct"],"rows":[{"session_date":"2025-05-01","day_label":"May 1","stock_close":"205.25","margin_required_usd":4099,"stock_vs_strike_pct":2.6},{"session_date":"2025-05-02","day_label":"May 2","stock_close":"205.04","margin_required_usd":4232,"stock_vs_strike_pct":2.5},{"session_date":"2025-05-05","day_label":"May 5","stock_close":"198.6","margin_required_usd":4892,"stock_vs_strike_pct":-0.7},{"session_date":"2025-05-06","day_label":"May 6","stock_close":"201.15","margin_required_usd":4843,"stock_vs_strike_pct":0.6},{"session_date":"2025-05-07","day_label":"May 7","stock_close":"196.45","margin_required_usd":4964,"stock_vs_strike_pct":-1.8},{"session_date":"2025-05-08","day_label":"May 8","stock_close":"197.51","margin_required_usd":4910,"stock_vs_strike_pct":-1.2},{"session_date":"2025-05-09","day_label":"May 9","stock_close":"198.52","margin_required_usd":4835,"stock_vs_strike_pct":-0.7},{"session_date":"2025-05-12","day_label":"May 12","stock_close":"210.15","margin_required_usd":3506,"stock_vs_strike_pct":5.1},{"session_date":"2025-05-13","day_label":"May 13","stock_close":"212.15","margin_required_usd":3292,"stock_vs_strike_pct":6.1},{"session_date":"2025-05-14","day_label":"May 14","stock_close":"211.97","margin_required_usd":3333,"stock_vs_strike_pct":6},{"session_date":"2025-05-15","day_label":"May 15","stock_close":"211.01","margin_required_usd":3414,"stock_vs_strike_pct":5.5},{"session_date":"2025-05-16","day_label":"May 16","stock_close":"207.93","margin_required_usd":3637,"stock_vs_strike_pct":4},{"session_date":"2025-05-19","day_label":"May 19","stock_close":"208.9","margin_required_usd":3608,"stock_vs_strike_pct":4.4},{"session_date":"2025-05-20","day_label":"May 20","stock_close":"206.62","margin_required_usd":3845,"stock_vs_strike_pct":3.3},{"session_date":"2025-05-21","day_label":"May 21","stock_close":"201.85","margin_required_usd":4435,"stock_vs_strike_pct":0.9},{"session_date":"2025-05-22","day_label":"May 22","stock_close":"201.5","margin_required_usd":4485,"stock_vs_strike_pct":0.8},{"session_date":"2025-05-23","day_label":"May 23","stock_close":"195.85","margin_required_usd":4867,"stock_vs_strike_pct":-2.1},{"session_date":"2025-05-27","day_label":"May 27","stock_close":"200.4","margin_required_usd":4563,"stock_vs_strike_pct":0.2},{"session_date":"2025-05-28","day_label":"May 28","stock_close":"207.41","margin_required_usd":3977,"stock_vs_strike_pct":3.7},{"session_date":"2025-05-29","day_label":"May 29","stock_close":"199","margin_required_usd":4565,"stock_vs_strike_pct":-0.5},{"session_date":"2025-05-30","day_label":"May 30","stock_close":"200.29","margin_required_usd":4501,"stock_vs_strike_pct":0.1},{"session_date":"2025-06-02","day_label":"Jun 2","stock_close":"201.68","margin_required_usd":4293,"stock_vs_strike_pct":0.8},{"session_date":"2025-06-03","day_label":"Jun 3","stock_close":"202.96","margin_required_usd":4138,"stock_vs_strike_pct":1.5},{"session_date":"2025-06-04","day_label":"Jun 4","stock_close":"201.86","margin_required_usd":4180,"stock_vs_strike_pct":0.9},{"session_date":"2025-06-05","day_label":"Jun 5","stock_close":"200.8","margin_required_usd":4371,"stock_vs_strike_pct":0.4},{"session_date":"2025-06-06","day_label":"Jun 6","stock_close":"204.47","margin_required_usd":3906,"stock_vs_strike_pct":2.2},{"session_date":"2025-06-09","day_label":"Jun 9","stock_close":"201.75","margin_required_usd":4190,"stock_vs_strike_pct":0.9},{"session_date":"2025-06-10","day_label":"Jun 10","stock_close":"202.9","margin_required_usd":3998,"stock_vs_strike_pct":1.4},{"session_date":"2025-06-11","day_label":"Jun 11","stock_close":"198.76","margin_required_usd":4369,"stock_vs_strike_pct":-0.6},{"session_date":"2025-06-12","day_label":"Jun 12","stock_close":"198.58","margin_required_usd":4308,"stock_vs_strike_pct":-0.7},{"session_date":"2025-06-13","day_label":"Jun 13","stock_close":"196.4","margin_required_usd":4403,"stock_vs_strike_pct":-1.8}],"shape":"series","sql":"SELECT\n    toString(toDate(date))                                                                   AS session_date,\n    concat(formatDateTime(toDate(date), '%b'), ' ', toString(toDayOfMonth(toDate(date))))    AS day_label,\n    toString(round(toFloat64(max(underlying_close)), 2))                                     AS stock_close,\n    toUInt32(round(greatest(\n        0.20 * toFloat64(max(underlying_close))\n          - greatest(toFloat64(max(underlying_close)) - 200.0, 0.0)\n          + toFloat64(max(option_close)),\n        0.10 * 200.0 + toFloat64(max(option_close))\n    ) * 100))                                                                                AS margin_required_usd,\n    round((toFloat64(max(underlying_close)) / 200.0 - 1) * 100, 1)                          AS stock_vs_strike_pct\nFROM global_markets.options_greeks\nWHERE underlying_symbol = 'AAPL'\n  AND toDate(expiration_date) = '2025-06-20'\n  AND lower(toString(option_type)) IN ('p', 'put')\n  AND toFloat64(strike_price) = 200\n  AND toDate(date) BETWEEN '2025-05-01' AND '2025-06-13'\n  AND iv_converged = 1\n  AND volume > 0\nGROUP BY toDate(date)\nORDER BY session_date","computed_at":"2026-09-18T15:22:56.842588+00:00","elapsed":0.003865103}