100 SPY shares alone vs. the same shares with one $740 put held against them
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 2026-07-16, from Protective Puts: Portfolio Insurance.
| date | shares_only | shares_plus_put |
|---|---|---|
| 2026-06-01 | 75658 | 75992 |
| 2026-06-02 | 75963 | 76242 |
| 2026-06-03 | 75055 | 75434 |
| 2026-06-04 | 75456 | 75731 |
| 2026-06-05 | 73536 | 74815 |
| 2026-06-08 | 73872 | 74765 |
| 2026-06-09 | 73570 | 74653 |
| 2026-06-10 | 72288 | 74158 |
| 2026-06-11 | 73948 | 74839 |
| 2026-06-12 | 74245 | 74789 |
| 2026-06-15 | 75391 | 75507 |
- Rows × columns
- 11 × 3
- Period covered
- to
- 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 |
|---|---|---|---|
date |
date | 2026-06-01 to 2026-06-15 | |
shares_only |
number | 72,288 to 75,963 | count |
shares_plus_put |
number | 74,158 to 76,242 | count |
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.
Run it yourself
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 date,
round(100 * avg(underlying_close), 0) AS shares_only,
round(100 * avg(underlying_close) + 100 * avg(option_close), 0) AS shares_plus_put
FROM global_markets.options_greeks
WHERE ticker = 'O:SPY260618P00740000' AND date BETWEEN '2026-06-01' AND '2026-06-15' AND implied_volatility > 0.02
GROUP BY date ORDER BY date
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