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SPY vs the call, both indexed to 100 on May 1

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 2026-07-16, from Buying and Selling Call Options.

as of series 31×3read in context →
SPY vs the call, both indexed to 100 on May 1 — 31 rows by 3 columns, computed from US exchange, SIP and OPRA data.
datespy_indexcall_index
2026-05-01100100
2026-05-0499.783
2026-05-05100.9112.6
2026-05-06101.8183.9
2026-05-07101.6163.4
2026-05-08102.5200.8
2026-05-11102.7216.2
2026-05-12102.3195.3
2026-05-13103.3239.2
2026-05-14103.8283.7
2026-05-15102.4190
2026-05-18102.6180.3
2026-05-19102142.7
2026-05-20102.5193.6
2026-05-21103.4200.6
2026-05-22103.3216.3
2026-05-26104.3254.8
2026-05-27104.2246.8
2026-05-28104.9286.7
2026-05-29105295.2
2026-06-01105.1311.6
2026-06-02105.5325.5
2026-06-03104.2254.8
2026-06-04104.8277
2026-06-05102.1100.7
2026-06-08102.6108.7
2026-06-09102.293.2
2026-06-10100.443.9
2026-06-11102.797.2
2026-06-12103.198.2
2026-06-15104.7213.4
Rows × columns
31 × 3
Period covered
to
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for SPY vs the call, both indexed to 100 on May 1, derived from the stored result.
ColumnTypeRangeNotes
date date 2026-05-01 to 2026-06-15
spy_index number 99.7 to 105.5
call_index number 43.9 to 325.5

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
SELECT date,
       round(spy / first_value(spy) OVER w * 100, 1) AS spy_index,
       round(opt / first_value(opt) OVER w * 100, 1) AS call_index
FROM (
  SELECT date, avg(underlying_close) AS spy, avg(option_close) AS opt
  FROM global_markets.options_greeks
  WHERE ticker = 'O:SPY260618C00740000' AND date BETWEEN '2026-05-01' AND '2026-06-15' AND implied_volatility > 0.02
  GROUP BY date
)
WINDOW w AS (ORDER BY date)
ORDER BY date

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