spread_pin
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 2026-09-20, from best-stocks-for-day-trading-options.
| symbol | median_spread_pct_of_premium | median_spread_dollars | contracts_in_sample |
|---|---|---|---|
| QQQ | 1.07 | 0.05 | 4 |
| IWM | 1.72 | 0.03 | 4 |
| AAPL | 2.53 | 0.03 | 3 |
| SPY | 3.07 | 0.15 | 5 |
| KO | 11.43 | 0.07 | 3 |
- Rows × columns
- 5 × 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 |
|---|---|---|---|
symbol |
text | 5 distinct values (AAPL, IWM, KO…) | |
median_spread_pct_of_premium |
number | 1.07 to 11.43 | percent |
median_spread_dollars |
number | 0.03 to 0.15 | |
contracts_in_sample |
number | 3 to 5 | count |
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.
Run it yourself
This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
SELECT
q.underlying AS symbol,
round(quantileDeterministic(0.5)(q.spread_pct, toUInt64(q.sequence_number)), 2) AS median_spread_pct_of_premium,
round(quantileDeterministic(0.5)(q.spread_dollars, toUInt64(q.sequence_number)), 3) AS median_spread_dollars,
countDistinct(q.ticker) AS contracts_in_sample
FROM
(
SELECT
ticker,
sequence_number,
multiIf(startsWith(ticker, 'O:SPY'), 'SPY',
startsWith(ticker, 'O:QQQ'), 'QQQ',
startsWith(ticker, 'O:IWM'), 'IWM',
startsWith(ticker, 'O:AAPL'), 'AAPL',
'KO') AS underlying,
toFloat64(substring(ticker, length(ticker) - 7)) / 1000 AS strike,
toFloat64(ask_price - bid_price) AS spread_dollars,
toFloat64(ask_price - bid_price) / toFloat64(ask_price + bid_price) * 200 AS spread_pct
FROM global_markets.cache_options_quotes
WHERE ticker IN ('O:SPY241220C00580000', 'O:SPY241220C00583000', 'O:SPY241220C00586000', 'O:SPY241220C00589000', 'O:SPY241220C00592000',
'O:QQQ241220C00510000', 'O:QQQ241220C00513000', 'O:QQQ241220C00516000', 'O:QQQ241220C00519000', 'O:QQQ241220C00522000',
'O:IWM241220C00217000', 'O:IWM241220C00219000', 'O:IWM241220C00221000', 'O:IWM241220C00223000', 'O:IWM241220C00225000',
'O:AAPL241220C00245000', 'O:AAPL241220C00247500', 'O:AAPL241220C00250000', 'O:AAPL241220C00252500', 'O:AAPL241220C00255000',
'O:KO241220C00061000', 'O:KO241220C00062000', 'O:KO241220C00062500', 'O:KO241220C00063000', 'O:KO241220C00064000')
AND sip_timestamp >= '2024-12-19 15:00:00'
AND sip_timestamp < '2024-12-19 15:30:00'
AND bid_price > 0
AND ask_price > bid_price
) AS q
INNER JOIN
(
SELECT
ticker AS underlying,
toFloat64(close) AS session_close
FROM global_markets.stocks_daily_aggs
WHERE date = '2024-12-19'
AND ticker IN ('SPY', 'QQQ', 'IWM', 'AAPL', 'KO')
) AS c ON c.underlying = q.underlying
WHERE abs(q.strike / c.session_close - 1) < 0.015
GROUP BY q.underlying
HAVING count() > 0
ORDER BY median_spread_pct_of_premium