Selling one SPY put in a cash account: premium collected vs. cash held (June 12, 2026 close, July 17 expiry)
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 2026-09-17, from How to Get Approved for Options Trading.
| strike | put_price | premium_collected | cash_collateral | premium_pct_of_collateral |
|---|---|---|---|---|
| 740 | 12.37 | 1237 | 74000 | 1.67 |
| 735 | 10.6 | 1060 | 73500 | 1.44 |
| 730 | 8.96 | 896 | 73000 | 1.23 |
| 725 | 7.71 | 771 | 72500 | 1.06 |
| 720 | 6.58 | 658 | 72000 | 0.91 |
| 715 | 5.72 | 572 | 71500 | 0.8 |
| 710 | 4.87 | 487 | 71000 | 0.69 |
| 705 | 4.19 | 419 | 70500 | 0.59 |
| 700 | 3.59 | 359 | 70000 | 0.51 |
- Rows × columns
- 9 × 5
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
strike |
number | 700 to 740 | US dollars |
put_price |
number | 3.59 to 12.37 | US dollars |
premium_collected |
number | 359 to 1,237 | US dollars |
cash_collateral |
number | 70,000 to 74,000 | |
premium_pct_of_collateral |
number | 0.51 to 1.67 | percent |
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.
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This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
SELECT
toInt32(round(toFloat64(strike_price))) AS strike,
round(any(toFloat64(option_close)), 2) AS put_price,
toInt32(round(any(toFloat64(option_close)) * 100)) AS premium_collected,
toInt32(round(toFloat64(strike_price) * 100)) AS cash_collateral,
round(any(toFloat64(option_close)) / toFloat64(strike_price) * 100, 2) AS premium_pct_of_collateral
FROM global_markets.options_greeks
WHERE underlying_symbol = 'SPY'
AND toDate(date) = toDate('2026-06-12')
AND toDate(expiration_date) = toDate('2026-07-17')
AND lower(toString(option_type)) LIKE 'p%'
AND iv_converged = 1
AND volume > 0
AND toFloat64(underlying_close) > 0
AND toFloat64(strike_price) < toFloat64(underlying_close)
AND toFloat64(strike_price) >= toFloat64(underlying_close) * 0.94
AND toInt32(round(toFloat64(strike_price))) % 5 = 0
AND abs(toFloat64(strike_price) - round(toFloat64(strike_price))) < 0.001
GROUP BY strike_price
ORDER BY strike DESC
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