{"slug":"cash-settled-vs-physical-delivery","qid":"settlement_print_gap","label":"SPY: widest open print to close print gaps on monthly expiration Fridays since 2021","post_title":"Cash Settled vs Physical Delivery Options","post_url":"/blog/cash-settled-vs-physical-delivery#q-settlement_print_gap","columns":["expiration_label","open_print_usd","close_print_usd","open_to_close_gap_pct"],"rows":[{"expiration_label":"Oct 21, 2022","open_print_usd":365.12,"close_print_usd":374.29,"open_to_close_gap_pct":2.51},{"expiration_label":"Jan 21, 2022","open_print_usd":445.56,"close_print_usd":437.98,"open_to_close_gap_pct":1.7},{"expiration_label":"Feb 21, 2025","open_print_usd":610.16,"close_print_usd":599.94,"open_to_close_gap_pct":1.67},{"expiration_label":"Dec 20, 2024","open_print_usd":581.77,"close_print_usd":591.15,"open_to_close_gap_pct":1.61},{"expiration_label":"Mar 18, 2022","open_print_usd":438,"close_print_usd":444.52,"open_to_close_gap_pct":1.49},{"expiration_label":"Jan 20, 2023","open_print_usd":390.1,"close_print_usd":395.88,"open_to_close_gap_pct":1.48},{"expiration_label":"Mar 20, 2026","open_print_usd":656.51,"close_print_usd":648.57,"open_to_close_gap_pct":1.21},{"expiration_label":"Oct 20, 2023","open_print_usd":425.98,"close_print_usd":421.19,"open_to_close_gap_pct":1.12},{"expiration_label":"Jul 16, 2021","open_print_usd":436.01,"close_print_usd":431.34,"open_to_close_gap_pct":1.07},{"expiration_label":"Feb 20, 2026","open_print_usd":682.32,"close_print_usd":689.43,"open_to_close_gap_pct":1.04},{"expiration_label":"Jan 19, 2024","open_print_usd":477.65,"close_print_usd":482.43,"open_to_close_gap_pct":1},{"expiration_label":"May 20, 2022","open_print_usd":393.25,"close_print_usd":389.63,"open_to_close_gap_pct":0.92}],"shape":"ranking","sql":"SELECT\n    formatDateTime(date, '%b %e, %Y')                                        AS expiration_label,\n    round(toFloat64(open), 2)                                                AS open_print_usd,\n    round(toFloat64(close), 2)                                               AS close_print_usd,\n    round(100 * abs(toFloat64(close) - toFloat64(open)) / toFloat64(open), 2) AS open_to_close_gap_pct\nFROM global_markets.stocks_daily_aggs\nWHERE ticker = 'SPY'\n  AND date >= '2021-01-04'\n  AND date <  today()\n  AND toDayOfWeek(date) = 5\n  AND toDayOfMonth(date) BETWEEN 15 AND 21\nORDER BY open_to_close_gap_pct DESC\nLIMIT 12","computed_at":"2026-08-22T04:03:56.565864+00:00","elapsed":0.018797454}