{"slug":"long-vs-short-positions","qid":"delta_kurve","label":"delta_kurve","post_title":"long-vs-short-positions","post_url":"/blog/lang/de/long-vs-short-positions#q-delta_kurve","columns":["moneyness_band","put_delta","iv_pct","contract_volume","stichtag"],"rows":[{"moneyness_band":"Basis 7 % und mehr unter Kurs","put_delta":-0.044,"iv_pct":45.2,"contract_volume":4240,"stichtag":"01.10.2026"},{"moneyness_band":"Basis 2 bis 7 % unter Kurs","put_delta":-0.302,"iv_pct":27.4,"contract_volume":1365,"stichtag":"01.10.2026"},{"moneyness_band":"Basis am Geld (+/- 2 %)","put_delta":-0.439,"iv_pct":26.2,"contract_volume":1008,"stichtag":"01.10.2026"},{"moneyness_band":"Basis 2 bis 7 % über Kurs","put_delta":-0.585,"iv_pct":25.9,"contract_volume":273,"stichtag":"01.10.2026"},{"moneyness_band":"Basis 7 % und mehr über Kurs","put_delta":-0.771,"iv_pct":31,"contract_volume":10,"stichtag":"01.10.2026"}],"shape":"table","sql":"SELECT\n    multiIf(mny < -0.07, 'Basis 7 % und mehr unter Kurs',\n            mny < -0.02, 'Basis 2 bis 7 % unter Kurs',\n            mny <  0.02, 'Basis am Geld (+/- 2 %)',\n            mny <  0.07, 'Basis 2 bis 7 % über Kurs',\n                         'Basis 7 % und mehr über Kurs') AS moneyness_band,\n    round(avg(delta), 3)                                  AS put_delta,\n    round(avg(toFloat64(implied_volatility)) * 100, 1)    AS iv_pct,\n    sum(volume)                                           AS contract_volume,\n    formatDateTime(any(d), '%d.%m.%Y')                    AS stichtag\nFROM\n(\n    SELECT\n        date                                                      AS d,\n        toFloat64(strike_price) / toFloat64(underlying_close) - 1  AS mny,\n        delta,\n        implied_volatility,\n        volume\n    FROM global_markets.options_greeks\n    WHERE underlying_symbol = 'AAPL'\n      AND lower(option_type) IN ('put', 'p')\n      AND iv_converged = 1\n      AND volume > 0\n      AND days_to_expiry BETWEEN 75 AND 105\n      AND date =\n      (\n          SELECT max(date)\n          FROM global_markets.options_greeks\n          WHERE underlying_symbol = 'AAPL'\n            AND lower(option_type) IN ('put', 'p')\n            AND iv_converged = 1\n            AND volume > 0\n            AND days_to_expiry BETWEEN 75 AND 105\n      )\n)\nGROUP BY moneyness_band\nORDER BY avg(mny)","computed_at":"2026-10-04T15:17:49.458991+00:00","elapsed":0.003966942}