{"slug":"what-are-put-options","qid":"delta_trace","label":"The SPY put's delta stayed negative through its whole life","post_title":"What Are Put Options?","post_url":"/blog/what-are-put-options#q-delta_trace","columns":["date","delta"],"rows":[{"date":"2026-05-01","delta":-0.681},{"date":"2026-05-04","delta":-0.679},{"date":"2026-05-05","delta":-0.589},{"date":"2026-05-06","delta":-0.532},{"date":"2026-05-07","delta":-0.55},{"date":"2026-05-08","delta":-0.48},{"date":"2026-05-11","delta":-0.468},{"date":"2026-05-12","delta":-0.496},{"date":"2026-05-13","delta":-0.425},{"date":"2026-05-14","delta":-0.38},{"date":"2026-05-15","delta":-0.492},{"date":"2026-05-18","delta":-0.477},{"date":"2026-05-19","delta":-0.532},{"date":"2026-05-20","delta":-0.486},{"date":"2026-05-21","delta":-0.415},{"date":"2026-05-22","delta":-0.413},{"date":"2026-05-26","delta":-0.332},{"date":"2026-05-27","delta":-0.326},{"date":"2026-05-28","delta":-0.26},{"date":"2026-05-29","delta":-0.247},{"date":"2026-06-01","delta":-0.228},{"date":"2026-06-02","delta":-0.196},{"date":"2026-06-03","delta":-0.284},{"date":"2026-06-04","delta":-0.223},{"date":"2026-06-05","delta":-0.546},{"date":"2026-06-08","delta":-0.503},{"date":"2026-06-09","delta":-0.558},{"date":"2026-06-10","delta":-0.796},{"date":"2026-06-11","delta":-0.494},{"date":"2026-06-12","delta":-0.428},{"date":"2026-06-15","delta":-0.155}],"shape":"series","sql":"SELECT date,\n       round(avg(delta), 3) AS delta\nFROM global_markets.options_greeks\nWHERE ticker = 'O:SPY260618P00740000' AND date BETWEEN '2026-05-01' AND '2026-06-15' AND implied_volatility > 0.02\nGROUP BY date ORDER BY date","computed_at":"2026-08-13T14:45:43.019886+00:00","elapsed":0.001368078}