{"slug":"protective-puts","qid":"insured","label":"100 SPY shares alone vs. the same shares with one $740 put held against them","post_title":"Protective Puts: Portfolio Insurance","post_url":"/blog/protective-puts#q-insured","columns":["date","shares_only","shares_plus_put"],"rows":[{"date":"2026-06-01","shares_only":75658,"shares_plus_put":75992},{"date":"2026-06-02","shares_only":75963,"shares_plus_put":76242},{"date":"2026-06-03","shares_only":75055,"shares_plus_put":75434},{"date":"2026-06-04","shares_only":75456,"shares_plus_put":75731},{"date":"2026-06-05","shares_only":73536,"shares_plus_put":74815},{"date":"2026-06-08","shares_only":73872,"shares_plus_put":74765},{"date":"2026-06-09","shares_only":73570,"shares_plus_put":74653},{"date":"2026-06-10","shares_only":72288,"shares_plus_put":74158},{"date":"2026-06-11","shares_only":73948,"shares_plus_put":74839},{"date":"2026-06-12","shares_only":74245,"shares_plus_put":74789},{"date":"2026-06-15","shares_only":75391,"shares_plus_put":75507}],"shape":"series","sql":"SELECT date,\n       round(100 * avg(underlying_close), 0) AS shares_only,\n       round(100 * avg(underlying_close) + 100 * avg(option_close), 0) AS shares_plus_put\nFROM global_markets.options_greeks\nWHERE ticker = 'O:SPY260618P00740000' AND date BETWEEN '2026-06-01' AND '2026-06-15' AND implied_volatility > 0.02\nGROUP BY date ORDER BY date","computed_at":"2026-07-16T10:03:49.851326+00:00","elapsed":0.001744854}