breakeven_by_dte
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 2026-09-30, from buying-puts-vs-buying-calls.
| dte_band | put_breakeven_move_pct | call_breakeven_move_pct | put_extra_move_pct |
|---|---|---|---|
| 7 to 14 days | 5.03 | 4.89 | 0.14 |
| 15 to 30 days | 5.29 | 5.02 | 0.27 |
| 31 to 60 days | 5.64 | 5.27 | 0.37 |
| 61 to 90 days | 6.19 | 5.84 | 0.35 |
- Rows × columns
- 4 × 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 |
|---|---|---|---|
dte_band |
text | 4 distinct values | |
put_breakeven_move_pct |
number | 5.03 to 6.19 | percent |
call_breakeven_move_pct |
number | 4.89 to 5.84 | percent |
put_extra_move_pct |
number | 0.14 to 0.37 | 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.
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
dte_band AS dte_band,
round(avgIf(breakeven_move_pct, side = 'put'), 2) AS put_breakeven_move_pct,
round(avgIf(breakeven_move_pct, side = 'call'), 2) AS call_breakeven_move_pct,
round(avgIf(breakeven_move_pct, side = 'put') - avgIf(breakeven_move_pct, side = 'call'), 2) AS put_extra_move_pct
FROM
(
SELECT
if(lower(option_type) LIKE 'p%', 'put', 'call') AS side,
multiIf(days_to_expiry <= 14, '7 to 14 days',
days_to_expiry <= 30, '15 to 30 days',
days_to_expiry <= 60, '31 to 60 days',
'61 to 90 days') AS dte_band,
multiIf(days_to_expiry <= 14, 1,
days_to_expiry <= 30, 2,
days_to_expiry <= 60, 3,
4) AS band_order,
if(lower(option_type) LIKE 'p%',
(toFloat64(underlying_close) - toFloat64(strike_price) + toFloat64(option_close)) / toFloat64(underlying_close) * 100,
(toFloat64(strike_price) + toFloat64(option_close) - toFloat64(underlying_close)) / toFloat64(underlying_close) * 100) AS breakeven_move_pct
FROM global_markets.options_greeks
WHERE underlying_symbol = 'SPY'
AND date >= '2026-06-01'
AND date < '2026-09-01'
AND volume > 0
AND option_close > 0
AND days_to_expiry BETWEEN 7 AND 90
AND ((lower(option_type) LIKE 'p%' AND toFloat64(strike_price) / toFloat64(underlying_close) BETWEEN 0.94 AND 0.96)
OR (lower(option_type) NOT LIKE 'p%' AND toFloat64(strike_price) / toFloat64(underlying_close) BETWEEN 1.04 AND 1.06))
)
GROUP BY dte_band, band_order
HAVING countIf(side = 'put') > 0 AND countIf(side = 'call') > 0
ORDER BY band_order
Work with this data in your AI assistant
Opens ready to query, with this page's data. Free, no account.