{"slug":"options-approval-levels-explained","qid":"collateral_floor","label":"Cash needed to hold 100 shares, six household names","post_title":"Options Approval Levels: What Each Tier Allows","post_url":"/blog/options-approval-levels-explained#q-collateral_floor","columns":["ticker","cost_of_100_shares_k","priced_on"],"rows":[{"ticker":"SPY","cost_of_100_shares_k":76.6,"priced_on":"Aug 21, 2026"},{"ticker":"MSFT","cost_of_100_shares_k":48.2,"priced_on":"Aug 21, 2026"},{"ticker":"AAPL","cost_of_100_shares_k":31.2,"priced_on":"Aug 21, 2026"},{"ticker":"NVDA","cost_of_100_shares_k":21.8,"priced_on":"Aug 21, 2026"},{"ticker":"KO","cost_of_100_shares_k":9.1,"priced_on":"Aug 21, 2026"},{"ticker":"F","cost_of_100_shares_k":1.4,"priced_on":"Aug 21, 2026"}],"shape":"ranking","sql":"SELECT\n    ticker,\n    round(toFloat64(argMax(close, date)) / 10, 1) AS cost_of_100_shares_k,\n    formatDateTime(max(date), '%b %e, %Y')        AS priced_on\nFROM global_markets.stocks_daily_aggs\nWHERE ticker IN ('AAPL', 'MSFT', 'NVDA', 'KO', 'SPY', 'F')\n  AND date >= today() - 20\nGROUP BY ticker\nORDER BY cost_of_100_shares_k DESC","computed_at":"2026-08-22T04:17:52.526974+00:00","elapsed":0.0230429}