STRASMORE/EXPLORE 3,256 QUERIES

What one fully collateralized contract ties up, by underlying

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 2026-10-04, from Trading Options Inside an IRA: How It Works.

as of ranking 6×4read in context →
What one fully collateralized contract ties up, by underlying — 6 rows by 4 columns, computed from US exchange, SIP and OPRA data.
symbolcash_for_one_put_kcost_of_100_shares_kcontract_count
SPY75.876.5388
MSFT51.251.563
AAPL3333.147
NVDA2323.135
KO8.68.643
T2.42.418
Rows × columns
6 × 4
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for What one fully collateralized contract ties up, by underlying, derived from the stored result.
ColumnTypeRangeNotes
symbol text 6 distinct values (AAPL, KO, MSFT…)
cash_for_one_put_k number 2.4 to 75.8
cost_of_100_shares_k number 2.4 to 76.5 count
contract_count number 18 to 388 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
    underlying_symbol                                       AS symbol,
    round(avg(toFloat64(strike_price)) * 100 / 1000, 1)     AS cash_for_one_put_k,
    round(avg(toFloat64(underlying_close)) * 100 / 1000, 1) AS cost_of_100_shares_k,
    count()                                                 AS contract_count
FROM global_markets.options_greeks
WHERE date = (
        SELECT max(date)
        FROM global_markets.options_greeks
        WHERE underlying_symbol IN ('AAPL', 'MSFT', 'NVDA', 'SPY', 'KO', 'T')
      )
  AND lower(toString(option_type)) IN ('put', 'p')
  AND days_to_expiry BETWEEN 15 AND 60
  AND toFloat64(underlying_close) > 0
  AND toFloat64(strike_price) > 0
  AND abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) < 0.05
  AND underlying_symbol IN ('AAPL', 'MSFT', 'NVDA', 'SPY', 'KO', 'T')
GROUP BY underlying_symbol
ORDER BY cost_of_100_shares_k DESC
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