A ten point box valued at every level SPY closed at in June 2026
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 2026-08-06, from Box Spread Options and the Implied Loan Rate.
| settle_level | box_strikes | call_leg_value | put_leg_value | box_value |
|---|---|---|---|---|
| $725 | $740 / $750 | 0 | 10 | 10 |
| $730 | $740 / $750 | 0 | 10 | 10 |
| $735 | $740 / $750 | 0 | 10 | 10 |
| $740 | $740 / $750 | 0 | 10 | 10 |
| $745 | $740 / $750 | 5 | 5 | 10 |
| $750 | $740 / $750 | 10 | 0 | 10 |
| $755 | $740 / $750 | 10 | 0 | 10 |
| $760 | $740 / $750 | 10 | 0 | 10 |
- Rows × columns
- 8 × 5
- 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 |
|---|---|---|---|
settle_level |
text | 8 distinct values ($725, $730, $735…) | |
box_strikes |
text | 1 distinct value ($740 / $750) | |
call_leg_value |
number | 0 to 10 | |
put_leg_value |
number | 0 to 10 | |
box_value |
number | every row is 10 |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
Run it yourself
This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
WITH
daily AS
(
SELECT
toDate(toTimeZone(window_start, 'America/New_York')) AS d,
toFloat64(argMax(close, window_start)) AS spy_close
FROM global_markets.delayed_stocks_minute_aggs
WHERE ticker = 'SPY'
AND window_start >= '2026-06-01 00:00:00'
AND window_start < '2026-07-01 00:00:00'
AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60
+ toMinute(toTimeZone(window_start, 'America/New_York'))) >= 570
AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60
+ toMinute(toTimeZone(window_start, 'America/New_York'))) < 960
GROUP BY d
),
strikes AS
(
SELECT
round(avg(spy_close) / 5) * 5 - 5 AS lower_strike,
round(avg(spy_close) / 5) * 5 + 5 AS upper_strike
FROM daily
),
levels AS
(
SELECT DISTINCT round(spy_close / 5) * 5 AS settle
FROM daily
)
SELECT
concat('$', toString(toUInt32(settle))) AS settle_level,
concat('$', toString(toUInt32(lower_strike)), ' / $', toString(toUInt32(upper_strike))) AS box_strikes,
round(greatest(settle - lower_strike, 0) - greatest(settle - upper_strike, 0), 2) AS call_leg_value,
round(greatest(upper_strike - settle, 0) - greatest(lower_strike - settle, 0), 2) AS put_leg_value,
round(greatest(settle - lower_strike, 0) - greatest(settle - upper_strike, 0)
+ greatest(upper_strike - settle, 0) - greatest(lower_strike - settle, 0), 2) AS box_value
FROM levels
CROSS JOIN strikes
ORDER BY settle