{"slug":"held-vs-not-held-orders","qid":"vwap_gap_by_name","label":"Average gap between the daily VWAP and the open, June 2026","post_title":"Held vs Not-Held Orders: Broker Discretion","post_url":"/blog/held-vs-not-held-orders#q-vwap_gap_by_name","columns":["ticker","avg_abs_gap_bps","widest_gap_bps"],"rows":[{"ticker":"MSFT","avg_abs_gap_bps":119.6,"widest_gap_bps":396},{"ticker":"NVDA","avg_abs_gap_bps":116,"widest_gap_bps":292.4},{"ticker":"AAPL","avg_abs_gap_bps":113.7,"widest_gap_bps":346.3},{"ticker":"KO","avg_abs_gap_bps":83.2,"widest_gap_bps":265.1},{"ticker":"JNJ","avg_abs_gap_bps":81.2,"widest_gap_bps":220.9},{"ticker":"SPY","avg_abs_gap_bps":43.6,"widest_gap_bps":125.6}],"shape":"ranking","sql":"SELECT\n    ticker,\n    round(avg(gap_bps), 1) AS avg_abs_gap_bps,\n    round(max(gap_bps), 1) AS widest_gap_bps\nFROM\n(\n    SELECT\n        ticker,\n        date,\n        abs(10000 * (toFloat64(max(vwap)) - toFloat64(max(open)))\n            / toFloat64(max(open))) AS gap_bps\n    FROM global_markets.stocks_daily_aggs\n    WHERE ticker IN ('AAPL', 'MSFT', 'NVDA', 'SPY', 'KO', 'JNJ')\n      AND date >= '2026-06-01'\n      AND date <= '2026-06-30'\n      AND open > 0\n      AND vwap > 0\n    GROUP BY ticker, date\n)\nGROUP BY ticker\nORDER BY avg_abs_gap_bps DESC","computed_at":"2026-08-12T16:09:28.473525+00:00","elapsed":0.002922058}