{"slug":"trading-options-inside-an-ira","qid":"premium_vs_collateral","label":"Near the money put premium as a percent of the cash it locks up","post_title":"Trading Options Inside an IRA: How It Works","post_url":"/blog/trading-options-inside-an-ira#q-premium_vs_collateral","columns":["dte_bucket","spy_premium_pct","nvda_premium_pct"],"rows":[{"dte_bucket":"1-14 days","spy_premium_pct":0.82,"nvda_premium_pct":2.8},{"dte_bucket":"15-30 days","spy_premium_pct":1.26,"nvda_premium_pct":4.37},{"dte_bucket":"31-60 days","spy_premium_pct":1.6,"nvda_premium_pct":5.72},{"dte_bucket":"61-120 days","spy_premium_pct":2.4,"nvda_premium_pct":7.85},{"dte_bucket":"121-365 days","spy_premium_pct":3.91,"nvda_premium_pct":9.65}],"shape":"ranking","sql":"SELECT\n    multiIf(days_to_expiry <=  14, '1-14 days',\n            days_to_expiry <=  30, '15-30 days',\n            days_to_expiry <=  60, '31-60 days',\n            days_to_expiry <= 120, '61-120 days',\n                                   '121-365 days')                                                       AS dte_bucket,\n    round(avgIf(100 * toFloat64(option_close) / toFloat64(strike_price), underlying_symbol = 'SPY'), 2)   AS spy_premium_pct,\n    round(avgIf(100 * toFloat64(option_close) / toFloat64(strike_price), underlying_symbol = 'NVDA'), 2)  AS nvda_premium_pct\nFROM global_markets.options_greeks\nWHERE date = (\n        SELECT max(date)\n        FROM global_markets.options_greeks\n        WHERE underlying_symbol IN ('SPY', 'NVDA')\n      )\n  AND lower(toString(option_type)) IN ('put', 'p')\n  AND days_to_expiry BETWEEN 1 AND 365\n  AND toFloat64(option_close) > 0\n  AND toFloat64(strike_price) > 0\n  AND toFloat64(underlying_close) > 0\n  AND abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) < 0.03\n  AND underlying_symbol IN ('SPY', 'NVDA')\nGROUP BY dte_bucket\nHAVING countIf(underlying_symbol = 'SPY')  > 0\n   AND countIf(underlying_symbol = 'NVDA') > 0\nORDER BY min(days_to_expiry)","computed_at":"2026-08-22T04:23:25.892052+00:00","elapsed":4.174026001}