{"slug":"the-option-greeks-explained","qid":"market_greeks","label":"Median greeks by time to expiration: every near-the-money US option, July 15, 2026","post_title":"The Option Greeks Explained: Delta to Rho","post_url":"/blog/the-option-greeks-explained#q-market_greeks","columns":["time_left","contracts","median_abs_delta","median_gamma","median_theta","median_vega"],"rows":[{"time_left":"0-7 days","contracts":14679,"median_abs_delta":0.44,"median_gamma":0.0592,"median_theta":-0.329,"median_vega":0.027},{"time_left":"8-30 days","contracts":23242,"median_abs_delta":0.48,"median_gamma":0.0278,"median_theta":-0.152,"median_vega":0.106},{"time_left":"31-90 days","contracts":15401,"median_abs_delta":0.49,"median_gamma":0.0239,"median_theta":-0.07,"median_vega":0.142},{"time_left":"91-365 days","contracts":12037,"median_abs_delta":0.53,"median_gamma":0.0106,"median_theta":-0.041,"median_vega":0.317},{"time_left":"Over a year","contracts":2682,"median_abs_delta":0.64,"median_gamma":0.0034,"median_theta":-0.03,"median_vega":0.753}],"shape":"table","sql":"SELECT multiIf(days_to_expiry <= 7, '0-7 days', days_to_expiry <= 30, '8-30 days',\n               days_to_expiry <= 90, '31-90 days', days_to_expiry <= 365, '91-365 days', 'Over a year') AS time_left,\n       count() AS contracts,\n       round(quantileExact(0.5)(abs(delta)), 2) AS median_abs_delta,\n       round(quantileExact(0.5)(gamma), 4) AS median_gamma,\n       round(quantileExact(0.5)(theta), 3) AS median_theta,\n       round(quantileExact(0.5)(vega), 3) AS median_vega\nFROM global_markets.options_greeks\nWHERE date = toDate('2026-07-15') AND iv_converged\n  AND implied_volatility BETWEEN 0.02 AND 5\n  AND abs(strike_price / underlying_close - 1) <= 0.05\nGROUP BY time_left\nORDER BY min(days_to_expiry)","computed_at":"2026-08-15T14:56:27.875350+00:00","elapsed":0.00244765}