{"slug":"how-to-get-approved-for-options-trading","qid":"cash_account_ladder","label":"cash_account_ladder","post_title":"how-to-get-approved-for-options-trading","post_url":"/blog/how-to-get-approved-for-options-trading#q-cash_account_ladder","columns":["strike","put_price","premium_collected","cash_collateral","premium_pct_of_collateral"],"rows":[{"strike":740,"put_price":12.37,"premium_collected":1237,"cash_collateral":74000,"premium_pct_of_collateral":1.67},{"strike":735,"put_price":10.6,"premium_collected":1060,"cash_collateral":73500,"premium_pct_of_collateral":1.44},{"strike":730,"put_price":8.96,"premium_collected":896,"cash_collateral":73000,"premium_pct_of_collateral":1.23},{"strike":725,"put_price":7.71,"premium_collected":771,"cash_collateral":72500,"premium_pct_of_collateral":1.06},{"strike":720,"put_price":6.58,"premium_collected":658,"cash_collateral":72000,"premium_pct_of_collateral":0.91},{"strike":715,"put_price":5.72,"premium_collected":572,"cash_collateral":71500,"premium_pct_of_collateral":0.8},{"strike":710,"put_price":4.87,"premium_collected":487,"cash_collateral":71000,"premium_pct_of_collateral":0.69},{"strike":705,"put_price":4.19,"premium_collected":419,"cash_collateral":70500,"premium_pct_of_collateral":0.59},{"strike":700,"put_price":3.59,"premium_collected":359,"cash_collateral":70000,"premium_pct_of_collateral":0.51}],"shape":"table","sql":"SELECT\n    toInt32(round(toFloat64(strike_price)))                                  AS strike,\n    round(any(toFloat64(option_close)), 2)                                   AS put_price,\n    toInt32(round(any(toFloat64(option_close)) * 100))                       AS premium_collected,\n    toInt32(round(toFloat64(strike_price) * 100))                            AS cash_collateral,\n    round(any(toFloat64(option_close)) / toFloat64(strike_price) * 100, 2)   AS premium_pct_of_collateral\nFROM global_markets.options_greeks\nWHERE underlying_symbol = 'SPY'\n  AND toDate(date) = toDate('2026-06-12')\n  AND toDate(expiration_date) = toDate('2026-07-17')\n  AND lower(toString(option_type)) LIKE 'p%'\n  AND iv_converged = 1\n  AND volume > 0\n  AND toFloat64(underlying_close) > 0\n  AND toFloat64(strike_price) < toFloat64(underlying_close)\n  AND toFloat64(strike_price) >= toFloat64(underlying_close) * 0.94\n  AND toInt32(round(toFloat64(strike_price))) % 5 = 0\n  AND abs(toFloat64(strike_price) - round(toFloat64(strike_price))) < 0.001\nGROUP BY strike_price\nORDER BY strike DESC","computed_at":"2026-09-17T14:59:25.175301+00:00","elapsed":0.004908739}