{"slug":"how-to-adjust-an-iron-condor","qid":"delta_ladder","label":"delta_ladder","post_title":"how-to-adjust-an-iron-condor","post_url":"/blog/lang/mr/how-to-adjust-an-iron-condor#q-delta_ladder","columns":["otm_distance","call_delta","put_delta"],"rows":[{"otm_distance":"0.5%","call_delta":0.347,"put_delta":0.337},{"otm_distance":"1%","call_delta":0.204,"put_delta":0.226},{"otm_distance":"1.5%","call_delta":0.109,"put_delta":0.153},{"otm_distance":"2%","call_delta":0.054,"put_delta":0.104},{"otm_distance":"2.5%","call_delta":0.026,"put_delta":0.072},{"otm_distance":"3%","call_delta":0.015,"put_delta":0.051},{"otm_distance":"3.5%","call_delta":0.01,"put_delta":0.038},{"otm_distance":"4%","call_delta":0.008,"put_delta":0.029}],"shape":"ranking","sql":"SELECT\n    concat(toString(dist_pct), '%')          AS otm_distance,\n    round(avgIf(abs(delta), side = 'c'), 3)  AS call_delta,\n    round(avgIf(abs(delta), side = 'p'), 3)  AS put_delta\nFROM\n(\n    SELECT\n        lower(substring(toString(option_type), 1, 1)) AS side,\n        delta,\n        round(abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) * 200) / 2 AS dist_pct\n    FROM global_markets.options_greeks\n    WHERE underlying_symbol = 'SPY'\n      AND date BETWEEN '2026-08-03' AND '2026-08-28'\n      AND iv_converged = 1\n      AND volume > 0\n      AND days_to_expiry BETWEEN 2 AND 9\n      AND ((lower(substring(toString(option_type), 1, 1)) = 'c' AND strike_price > underlying_close)\n        OR (lower(substring(toString(option_type), 1, 1)) = 'p' AND strike_price < underlying_close))\n)\nWHERE dist_pct BETWEEN 0.5 AND 4\nGROUP BY dist_pct\nHAVING countIf(side = 'c') > 0\n   AND countIf(side = 'p') > 0\nORDER BY dist_pct","computed_at":"2026-09-30T15:23:57.618744+00:00","elapsed":0.004095452}