{"slug":"one-options-trade-start-to-finish","qid":"underlying_path","label":"AAPL's close against the strike and the breakeven, February 20 to March 20, 2026","post_title":"Options Trade Example: Start to Finish","post_url":"/blog/one-options-trade-start-to-finish#q-underlying_path","columns":["session_date","session_label","aapl_close","strike","breakeven"],"rows":[{"session_date":"2026-02-20","session_label":"Feb 20","aapl_close":264.58,"strike":265,"breakeven":272.41},{"session_date":"2026-02-23","session_label":"Feb 23","aapl_close":266.18,"strike":265,"breakeven":272.41},{"session_date":"2026-02-24","session_label":"Feb 24","aapl_close":272.14,"strike":265,"breakeven":272.41},{"session_date":"2026-02-25","session_label":"Feb 25","aapl_close":274.23,"strike":265,"breakeven":272.41},{"session_date":"2026-02-26","session_label":"Feb 26","aapl_close":272.95,"strike":265,"breakeven":272.41},{"session_date":"2026-02-27","session_label":"Feb 27","aapl_close":264.18,"strike":265,"breakeven":272.41},{"session_date":"2026-03-02","session_label":"Mar 2","aapl_close":264.72,"strike":265,"breakeven":272.41},{"session_date":"2026-03-03","session_label":"Mar 3","aapl_close":263.75,"strike":265,"breakeven":272.41},{"session_date":"2026-03-04","session_label":"Mar 4","aapl_close":262.52,"strike":265,"breakeven":272.41},{"session_date":"2026-03-05","session_label":"Mar 5","aapl_close":260.29,"strike":265,"breakeven":272.41},{"session_date":"2026-03-06","session_label":"Mar 6","aapl_close":257.46,"strike":265,"breakeven":272.41},{"session_date":"2026-03-09","session_label":"Mar 9","aapl_close":259.88,"strike":265,"breakeven":272.41},{"session_date":"2026-03-10","session_label":"Mar 10","aapl_close":260.83,"strike":265,"breakeven":272.41},{"session_date":"2026-03-11","session_label":"Mar 11","aapl_close":260.81,"strike":265,"breakeven":272.41},{"session_date":"2026-03-12","session_label":"Mar 12","aapl_close":255.76,"strike":265,"breakeven":272.41},{"session_date":"2026-03-13","session_label":"Mar 13","aapl_close":250.12,"strike":265,"breakeven":272.41},{"session_date":"2026-03-16","session_label":"Mar 16","aapl_close":252.82,"strike":265,"breakeven":272.41},{"session_date":"2026-03-17","session_label":"Mar 17","aapl_close":254.23,"strike":265,"breakeven":272.41},{"session_date":"2026-03-18","session_label":"Mar 18","aapl_close":249.94,"strike":265,"breakeven":272.41},{"session_date":"2026-03-19","session_label":"Mar 19","aapl_close":248.96,"strike":265,"breakeven":272.41},{"session_date":"2026-03-20","session_label":"Mar 20","aapl_close":247.99,"strike":265,"breakeven":272.41}],"shape":"series","sql":"WITH\n    0.70 AS costs_per_contract,\n    (\n        SELECT round(toFloat64(close), 2)\n        FROM global_markets.stocks_daily_aggs\n        WHERE ticker = 'AAPL'\n          AND date = '2026-02-20'\n    ) AS entry_close,\n    (\n        SELECT toFloat64(strike_price)\n        FROM global_markets.options_greeks\n        WHERE underlying_symbol = 'AAPL'\n          AND lower(option_type) LIKE 'c%'\n          AND expiration_date = '2026-03-20'\n          AND date = '2026-02-20'\n          AND toFloat64(option_close) > 0\n          AND toFloat64(strike_price) > entry_close\n        ORDER BY strike_price\n        LIMIT 1\n    ) AS strike_level,\n    (\n        SELECT toFloat64(option_close)\n        FROM global_markets.options_greeks\n        WHERE underlying_symbol = 'AAPL'\n          AND lower(option_type) LIKE 'c%'\n          AND expiration_date = '2026-03-20'\n          AND date = '2026-02-20'\n          AND toFloat64(option_close) > 0\n          AND toFloat64(strike_price) > entry_close\n        ORDER BY strike_price\n        LIMIT 1\n    ) AS entry_premium\nSELECT\n    toString(date)                                              AS session_date,\n    formatDateTime(date, '%b %e')                               AS session_label,\n    round(toFloat64(any(close)), 2)                             AS aapl_close,\n    round(strike_level, 2)                                      AS strike,\n    round(strike_level + entry_premium + costs_per_contract / 100, 2) AS breakeven\nFROM global_markets.stocks_daily_aggs\nWHERE ticker = 'AAPL'\n  AND date BETWEEN '2026-02-20' AND '2026-03-20'\nGROUP BY date\nORDER BY date","computed_at":"2026-10-07T16:18:40.201249+00:00","elapsed":0.004581757}