{"slug":"what-are-put-options","qid":"moneyness","label":"The same put at SPY's June peak vs its June trough","post_title":"What Are Put Options?","post_url":"/blog/what-are-put-options#q-moneyness","columns":["date","spy_price","put_price","intrinsic_value","time_value","delta"],"rows":[{"date":"2026-06-02","spy_price":759.63,"put_price":2.79,"intrinsic_value":0,"time_value":2.79,"delta":-0.196},{"date":"2026-06-10","spy_price":722.88,"put_price":18.7,"intrinsic_value":17.12,"time_value":1.58,"delta":-0.796}],"shape":"series","sql":"SELECT date,\n       round(underlying_close, 2) AS spy_price,\n       round(option_close, 2) AS put_price,\n       round(greatest(740 - underlying_close, 0), 2) AS intrinsic_value,\n       round(option_close - greatest(740 - underlying_close, 0), 2) AS time_value,\n       round(delta, 3) AS delta\nFROM global_markets.options_greeks\nWHERE ticker = 'O:SPY260618P00740000' AND date IN ('2026-06-02', '2026-06-10')\nORDER BY date","computed_at":"2026-08-13T14:45:42.930801+00:00","elapsed":0.001867169}