{"slug":"what-are-put-options","qid":"trace","label":"One SPY $740 put vs the stock's distance from the strike (expired Jun 18 2026)","post_title":"What Are Put Options?","post_url":"/blog/what-are-put-options#q-trace","columns":["date","spy_vs_strike_pct","put_price"],"rows":[{"date":"2026-05-01","spy_vs_strike_pct":-2.7,"put_price":23.05},{"date":"2026-05-04","spy_vs_strike_pct":-3.01,"put_price":26.59},{"date":"2026-05-05","spy_vs_strike_pct":-1.83,"put_price":21.89},{"date":"2026-05-06","spy_vs_strike_pct":-0.95,"put_price":16.52},{"date":"2026-05-07","spy_vs_strike_pct":-1.16,"put_price":17.22},{"date":"2026-05-08","spy_vs_strike_pct":-0.29,"put_price":14.77},{"date":"2026-05-11","spy_vs_strike_pct":-0.1,"put_price":14.43},{"date":"2026-05-12","spy_vs_strike_pct":-0.45,"put_price":14.68},{"date":"2026-05-13","spy_vs_strike_pct":0.48,"put_price":12.38},{"date":"2026-05-14","spy_vs_strike_pct":1.03,"put_price":9.99},{"date":"2026-05-15","spy_vs_strike_pct":-0.36,"put_price":14.32},{"date":"2026-05-18","spy_vs_strike_pct":-0.15,"put_price":13.2},{"date":"2026-05-19","spy_vs_strike_pct":-0.78,"put_price":15.45},{"date":"2026-05-20","spy_vs_strike_pct":-0.23,"put_price":11.69},{"date":"2026-05-21","spy_vs_strike_pct":0.56,"put_price":9.98},{"date":"2026-05-22","spy_vs_strike_pct":0.5,"put_price":8.79},{"date":"2026-05-26","spy_vs_strike_pct":1.47,"put_price":6.82},{"date":"2026-05-27","spy_vs_strike_pct":1.36,"put_price":5.95},{"date":"2026-05-28","spy_vs_strike_pct":2.04,"put_price":4.3},{"date":"2026-05-29","spy_vs_strike_pct":2.11,"put_price":3.9},{"date":"2026-06-01","spy_vs_strike_pct":2.24,"put_price":3.34},{"date":"2026-06-02","spy_vs_strike_pct":2.65,"put_price":2.79},{"date":"2026-06-03","spy_vs_strike_pct":1.43,"put_price":3.79},{"date":"2026-06-04","spy_vs_strike_pct":1.97,"put_price":2.75},{"date":"2026-06-05","spy_vs_strike_pct":-0.63,"put_price":12.79},{"date":"2026-06-08","spy_vs_strike_pct":-0.17,"put_price":8.93},{"date":"2026-06-09","spy_vs_strike_pct":-0.58,"put_price":10.83},{"date":"2026-06-10","spy_vs_strike_pct":-2.31,"put_price":18.7},{"date":"2026-06-11","spy_vs_strike_pct":-0.07,"put_price":8.91},{"date":"2026-06-12","spy_vs_strike_pct":0.33,"put_price":5.44},{"date":"2026-06-15","spy_vs_strike_pct":1.88,"put_price":1.16}],"shape":"series","sql":"SELECT date,\n       round(avg((underlying_close - 740) / 740 * 100), 2) AS spy_vs_strike_pct,\n       round(avg(option_close), 2) AS put_price\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":"2026-08-13T14:45:42.841235+00:00","elapsed":0.00184653}