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One fixed short AAPL call strike: requirement as a percent of the share price, April to June 2026

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 2026-08-22, from Margin for Selling Naked Options: Reg T Math.

as of series 62×4read in context →
One fixed short AAPL call strike: requirement as a percent of the share price, April to June 2026 — 62 rows by 4 columns, computed from US exchange, SIP and OPRA data.
session_dateunderlying_closecushion_pctrequirement_pct
2026-04-01254.989.8110.19
2026-04-02255.459.6110.39
2026-04-06257.98.5711.43
2026-04-07259.128.0611.94
2026-04-08258.668.2511.75
2026-04-09259.987.712.3
2026-04-102617.2812.72
2026-04-13259.27812
2026-04-14258.68.2811.72
2026-04-15266.94.9115.09
2026-04-16264.076.0313.97
2026-04-17270.753.4216.58
2026-04-20271.553.1116.89
2026-04-21267.654.6115.39
2026-04-22272.862.6217.38
2026-04-23272.62.7117.29
2026-04-24270.93.3616.64
2026-04-27267.874.5315.47
2026-04-28269.53.916.1
2026-04-29270.953.3416.66
2026-04-30276.41.318.7
2026-05-01280.07-0.0220
2026-05-04276.451.2818.72
2026-05-05282.4-0.8520
2026-05-06287.49-2.6120
2026-05-07287.98-2.7720
2026-05-08293.86-4.7220
2026-05-11292.5-4.2720
2026-05-12294.49-4.9220
2026-05-13298.4-6.1720
2026-05-14297.91-6.0120
2026-05-15299.85-6.6220
2026-05-18297.44-5.8620
2026-05-19298.97-6.3420
2026-05-20301.2-7.0420
2026-05-21306-8.520
2026-05-22308.41-9.2120
2026-05-26308.7-9.320
2026-05-27310.36-9.7820
2026-05-28312.05-10.2720
2026-05-29311.35-10.0720
2026-06-01305.25-8.2720
2026-06-02315.01-11.1120
2026-06-03313.95-10.8120
2026-06-04310.5-9.8220
2026-06-05307.78-9.0320
2026-06-08300.67-6.8820
2026-06-09291.11-3.8220
2026-06-10290.89-3.7420
2026-06-11295.84-5.3520
2026-06-12291.52-3.9520
2026-06-15296.3-5.520
2026-06-16298.9-6.3220
2026-06-17297.1-5.7620
2026-06-18297.23-5.820
2026-06-22295.64-5.2920
2026-06-23294.7-4.9920
2026-06-24290.81-3.7220
2026-06-25276.251.3618.64
2026-06-26282.5-0.8920
2026-06-29281.27-0.4520
2026-06-30289.01-3.1220
Rows × columns
62 × 4
Period covered
to
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for One fixed short AAPL call strike: requirement as a percent of the share price, April to June 2026, derived from the stored result.
ColumnTypeRangeNotes
session_date date 2026-04-01 to 2026-06-30
underlying_close number 254.98 to 315.01 US dollars
cushion_pct number -11.11 to 9.81 percent
requirement_pct number 10.19 to 20 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.

the exact SQL behind every number
SELECT
    toString(d.dt)                                               AS session_date,
    round(d.px, 2)                                               AS underlying_close,
    round(100 * (s.short_strike - d.px) / d.px, 2)               AS cushion_pct,
    round(100 * greatest(0.20 * d.px - greatest(s.short_strike - d.px, 0.0),
                         0.10 * d.px) / d.px, 2)                 AS requirement_pct
FROM
(
    SELECT
        date                             AS dt,
        max(toFloat64(underlying_close)) AS px
    FROM global_markets.options_greeks
    WHERE underlying_symbol = 'AAPL'
      AND date BETWEEN '2026-04-01' AND '2026-06-30'
    GROUP BY date
) AS d
CROSS JOIN
(
    SELECT round(1.10 * argMin(toFloat64(underlying_close), date), 0) AS short_strike
    FROM global_markets.options_greeks
    WHERE underlying_symbol = 'AAPL'
      AND date BETWEEN '2026-04-01' AND '2026-06-30'
) AS s
ORDER BY d.dt

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