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How close SPY closes to a whole dollar strike, expiration Fridays vs every other session

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 2026-08-22, from Cash Settled vs Physical Delivery Options.

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How close SPY closes to a whole dollar strike, expiration Fridays vs every other session — 4 rows by 4 columns, computed from US exchange, SIP and OPRA data.
distance_bandmonthly_expiry_pctother_session_pctexpiry_session_count
within 5c10.89.27
5c to 15c18.51912
15c to 30c27.73118
30c to 50c43.140.828
Rows × columns
4 × 4
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 How close SPY closes to a whole dollar strike, expiration Fridays vs every other session, derived from the stored result.
ColumnTypeRangeNotes
distance_band text 4 distinct values (15c to 30c, 30c to 50c, 5c to 15c…)
monthly_expiry_pct number 10.8 to 43.1 percent
other_session_pct number 9.2 to 40.8 percent
expiry_session_count number 7 to 28 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.

the exact SQL behind every number
SELECT
    distance_band,
    round(100 * expiry_sessions / sum(expiry_sessions) OVER (), 1) AS monthly_expiry_pct,
    round(100 * other_sessions  / sum(other_sessions)  OVER (), 1) AS other_session_pct,
    expiry_sessions                                                AS expiry_session_count
FROM
(
    SELECT
        multiIf(cents_from_strike <  5.0, 'within 5c',
                cents_from_strike < 15.0, '5c to 15c',
                cents_from_strike < 30.0, '15c to 30c',
                                          '30c to 50c') AS distance_band,
        min(cents_from_strike)                          AS band_floor,
        countIf(is_monthly_expiry = 1)                  AS expiry_sessions,
        countIf(is_monthly_expiry = 0)                  AS other_sessions
    FROM
    (
        SELECT
            round(100 * abs(toFloat64(close) - round(toFloat64(close))), 2)  AS cents_from_strike,
            (toDayOfWeek(date) = 5 AND toDayOfMonth(date) BETWEEN 15 AND 21) AS is_monthly_expiry
        FROM global_markets.stocks_daily_aggs
        WHERE ticker = 'SPY'
          AND date >= '2021-01-04'
          AND date <  today()
    )
    GROUP BY distance_band
)
ORDER BY band_floor

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