How July 10's same-day SPY contracts finished: expired at zero vs. settled with value
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 2026-07-31, from 0DTE Options Strategies: How They Trade.
| at_the_bell | strikes | contracts_m | pct_of_spy_same_day_volume |
|---|---|---|---|
| Expired at zero (out of the money) | 110 | 4.68 | 57.5 |
| Settled with value (in the money) | 138 | 3.45 | 42.5 |
- Rows × columns
- 2 × 4
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
at_the_bell |
text | 2 distinct values | |
strikes |
number | 110 to 138 | |
contracts_m |
number | 3.45 to 4.68 | count |
pct_of_spy_same_day_volume |
number | 42.5 to 57.5 | percent |
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.
the exact SQL behind every number
WITH (
SELECT round(argMax(close, window_start), 2)
FROM global_markets.delayed_stocks_minute_aggs
WHERE ticker = 'SPY'
AND window_start >= toDateTime('2026-07-10 09:30:00', 'America/New_York')
AND window_start < toDateTime('2026-07-10 16:01:00', 'America/New_York')
) AS spy_close
SELECT if(expired_at_zero, 'Expired at zero (out of the money)',
'Settled with value (in the money)') AS at_the_bell,
count() AS strikes,
round(sum(vol) / 1e6, 2) AS contracts_m,
round(100.0 * sum(vol) / sum(sum(vol)) OVER (), 1) AS pct_of_spy_same_day_volume
FROM (
SELECT substring(ticker, length(ticker) - 8, 1) AS opt_type,
toFloat64(substring(ticker, length(ticker) - 7, 8)) / 1000 AS strike,
(opt_type = 'C' AND strike > spy_close) OR (opt_type = 'P' AND strike < spy_close) AS expired_at_zero,
sum(toFloat64(volume)) AS vol
FROM global_markets.options_minute_aggs
WHERE window_start >= toDateTime('2026-07-10 08:00:00')
AND window_start < toDateTime('2026-07-11 04:00:00')
AND startsWith(ticker, 'O:SPY260710')
GROUP BY ticker, opt_type, strike, expired_at_zero
)
GROUP BY expired_at_zero
ORDER BY expired_at_zero DESC
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