{"slug":"how-to-read-the-cot-report","qid":"percentile_trace","label":"AAPL days to cover and its rank inside the three-year window","post_title":"How to Read the COT Report: Columns Explained","post_url":"/blog/how-to-read-the-cot-report#q-percentile_trace","columns":["settlement_date","as_of_label","days_to_cover_ratio","window_percentile_pct"],"rows":[{"settlement_date":"2023-07-14","as_of_label":"Jul 14, 2023","days_to_cover_ratio":2.71,"window_percentile_pct":69},{"settlement_date":"2023-07-31","as_of_label":"Jul 31, 2023","days_to_cover_ratio":2.02,"window_percentile_pct":46},{"settlement_date":"2023-08-15","as_of_label":"Aug 15, 2023","days_to_cover_ratio":1.43,"window_percentile_pct":7},{"settlement_date":"2023-08-31","as_of_label":"Aug 31, 2023","days_to_cover_ratio":1.92,"window_percentile_pct":35},{"settlement_date":"2023-09-15","as_of_label":"Sep 15, 2023","days_to_cover_ratio":1.42,"window_percentile_pct":4},{"settlement_date":"2023-09-29","as_of_label":"Sep 29, 2023","days_to_cover_ratio":1.63,"window_percentile_pct":10},{"settlement_date":"2023-10-13","as_of_label":"Oct 13, 2023","days_to_cover_ratio":1.85,"window_percentile_pct":32},{"settlement_date":"2023-10-31","as_of_label":"Oct 31, 2023","days_to_cover_ratio":1.76,"window_percentile_pct":24},{"settlement_date":"2023-11-15","as_of_label":"Nov 15, 2023","days_to_cover_ratio":1.74,"window_percentile_pct":21},{"settlement_date":"2023-11-30","as_of_label":"Nov 30, 2023","days_to_cover_ratio":2.63,"window_percentile_pct":67},{"settlement_date":"2023-12-15","as_of_label":"Dec 15, 2023","days_to_cover_ratio":1.97,"window_percentile_pct":40},{"settlement_date":"2023-12-29","as_of_label":"Dec 29, 2023","days_to_cover_ratio":2.55,"window_percentile_pct":62},{"settlement_date":"2024-01-12","as_of_label":"Jan 12, 2024","days_to_cover_ratio":1.79,"window_percentile_pct":29},{"settlement_date":"2024-01-31","as_of_label":"Jan 31, 2024","days_to_cover_ratio":1.78,"window_percentile_pct":26},{"settlement_date":"2024-02-15","as_of_label":"Feb 15, 2024","days_to_cover_ratio":1.7,"window_percentile_pct":14},{"settlement_date":"2024-02-29","as_of_label":"Feb 29, 2024","days_to_cover_ratio":1.94,"window_percentile_pct":39},{"settlement_date":"2024-03-15","as_of_label":"Mar 15, 2024","days_to_cover_ratio":1.48,"window_percentile_pct":8},{"settlement_date":"2024-03-28","as_of_label":"Mar 28, 2024","days_to_cover_ratio":1.66,"window_percentile_pct":11},{"settlement_date":"2024-04-15","as_of_label":"Apr 15, 2024","days_to_cover_ratio":1.79,"window_percentile_pct":29},{"settlement_date":"2024-04-30","as_of_label":"Apr 30, 2024","days_to_cover_ratio":1.72,"window_percentile_pct":15},{"settlement_date":"2024-05-15","as_of_label":"May 15, 2024","days_to_cover_ratio":1.38,"window_percentile_pct":3},{"settlement_date":"2024-05-31","as_of_label":"May 31, 2024","days_to_cover_ratio":2.37,"window_percentile_pct":57},{"settlement_date":"2024-06-14","as_of_label":"Jun 14, 2024","days_to_cover_ratio":1.77,"window_percentile_pct":25},{"settlement_date":"2024-06-28","as_of_label":"Jun 28, 2024","days_to_cover_ratio":1.43,"window_percentile_pct":7},{"settlement_date":"2024-07-15","as_of_label":"Jul 15, 2024","days_to_cover_ratio":2.42,"window_percentile_pct":58},{"settlement_date":"2024-07-31","as_of_label":"Jul 31, 2024","days_to_cover_ratio":2.44,"window_percentile_pct":61},{"settlement_date":"2024-08-15","as_of_label":"Aug 15, 2024","days_to_cover_ratio":1.99,"window_percentile_pct":43},{"settlement_date":"2024-08-30","as_of_label":"Aug 30, 2024","days_to_cover_ratio":3.38,"window_percentile_pct":94},{"settlement_date":"2024-09-13","as_of_label":"Sep 13, 2024","days_to_cover_ratio":2.85,"window_percentile_pct":75},{"settlement_date":"2024-09-30","as_of_label":"Sep 30, 2024","days_to_cover_ratio":1.93,"window_percentile_pct":36},{"settlement_date":"2024-10-15","as_of_label":"Oct 15, 2024","days_to_cover_ratio":3.58,"window_percentile_pct":99},{"settlement_date":"2024-10-31","as_of_label":"Oct 31, 2024","days_to_cover_ratio":3.26,"window_percentile_pct":92},{"settlement_date":"2024-11-15","as_of_label":"Nov 15, 2024","days_to_cover_ratio":3.14,"window_percentile_pct":88},{"settlement_date":"2024-11-29","as_of_label":"Nov 29, 2024","days_to_cover_ratio":3.55,"window_percentile_pct":97},{"settlement_date":"2024-12-13","as_of_label":"Dec 13, 2024","days_to_cover_ratio":3.94,"window_percentile_pct":100},{"settlement_date":"2024-12-31","as_of_label":"Dec 31, 2024","days_to_cover_ratio":3.01,"window_percentile_pct":86},{"settlement_date":"2025-01-15","as_of_label":"Jan 15, 2025","days_to_cover_ratio":2.99,"window_percentile_pct":85},{"settlement_date":"2025-01-31","as_of_label":"Jan 31, 2025","days_to_cover_ratio":1.75,"window_percentile_pct":22},{"settlement_date":"2025-02-14","as_of_label":"Feb 14, 2025","days_to_cover_ratio":2.84,"window_percentile_pct":74},{"settlement_date":"2025-02-28","as_of_label":"Feb 28, 2025","days_to_cover_ratio":2.99,"window_percentile_pct":85},{"settlement_date":"2025-03-14","as_of_label":"Mar 14, 2025","days_to_cover_ratio":2.29,"window_percentile_pct":54},{"settlement_date":"2025-03-31","as_of_label":"Mar 31, 2025","days_to_cover_ratio":2.3,"window_percentile_pct":56},{"settlement_date":"2025-04-15","as_of_label":"Apr 15, 2025","days_to_cover_ratio":1.11,"window_percentile_pct":1},{"settlement_date":"2025-04-30","as_of_label":"Apr 30, 2025","days_to_cover_ratio":2.29,"window_percentile_pct":54},{"settlement_date":"2025-05-15","as_of_label":"May 15, 2025","days_to_cover_ratio":1.81,"window_percentile_pct":31},{"settlement_date":"2025-05-30","as_of_label":"May 30, 2025","days_to_cover_ratio":1.74,"window_percentile_pct":21},{"settlement_date":"2025-06-13","as_of_label":"Jun 13, 2025","days_to_cover_ratio":1.98,"window_percentile_pct":42},{"settlement_date":"2025-06-30","as_of_label":"Jun 30, 2025","days_to_cover_ratio":1.89,"window_percentile_pct":33},{"settlement_date":"2025-07-15","as_of_label":"Jul 15, 2025","days_to_cover_ratio":1.94,"window_percentile_pct":39},{"settlement_date":"2025-07-31","as_of_label":"Jul 31, 2025","days_to_cover_ratio":2.14,"window_percentile_pct":49},{"settlement_date":"2025-08-15","as_of_label":"Aug 15, 2025","days_to_cover_ratio":1.7,"window_percentile_pct":14},{"settlement_date":"2025-08-29","as_of_label":"Aug 29, 2025","days_to_cover_ratio":2.97,"window_percentile_pct":82},{"settlement_date":"2025-09-15","as_of_label":"Sep 15, 2025","days_to_cover_ratio":2.13,"window_percentile_pct":47},{"settlement_date":"2025-09-30","as_of_label":"Sep 30, 2025","days_to_cover_ratio":1.74,"window_percentile_pct":21},{"settlement_date":"2025-10-15","as_of_label":"Oct 15, 2025","days_to_cover_ratio":2.63,"window_percentile_pct":67},{"settlement_date":"2025-10-31","as_of_label":"Oct 31, 2025","days_to_cover_ratio":2.2,"window_percentile_pct":50},{"settlement_date":"2025-11-14","as_of_label":"Nov 14, 2025","days_to_cover_ratio":2.44,"window_percentile_pct":61},{"settlement_date":"2025-11-28","as_of_label":"Nov 28, 2025","days_to_cover_ratio":2.94,"window_percentile_pct":78},{"settlement_date":"2025-12-15","as_of_label":"Dec 15, 2025","days_to_cover_ratio":2.95,"window_percentile_pct":79},{"settlement_date":"2025-12-31","as_of_label":"Dec 31, 2025","days_to_cover_ratio":2.71,"window_percentile_pct":69},{"settlement_date":"2026-01-15","as_of_label":"Jan 15, 2026","days_to_cover_ratio":2.59,"window_percentile_pct":64},{"settlement_date":"2026-01-30","as_of_label":"Jan 30, 2026","days_to_cover_ratio":2,"window_percentile_pct":44},{"settlement_date":"2026-02-13","as_of_label":"Feb 13, 2026","days_to_cover_ratio":2.25,"window_percentile_pct":51},{"settlement_date":"2026-02-27","as_of_label":"Feb 27, 2026","days_to_cover_ratio":3.26,"window_percentile_pct":92},{"settlement_date":"2026-03-13","as_of_label":"Mar 13, 2026","days_to_cover_ratio":3.26,"window_percentile_pct":92},{"settlement_date":"2026-03-31","as_of_label":"Mar 31, 2026","days_to_cover_ratio":2.96,"window_percentile_pct":81},{"settlement_date":"2026-04-15","as_of_label":"Apr 15, 2026","days_to_cover_ratio":3.39,"window_percentile_pct":96},{"settlement_date":"2026-04-30","as_of_label":"Apr 30, 2026","days_to_cover_ratio":2.93,"window_percentile_pct":76},{"settlement_date":"2026-05-15","as_of_label":"May 15, 2026","days_to_cover_ratio":2.74,"window_percentile_pct":71},{"settlement_date":"2026-05-29","as_of_label":"May 29, 2026","days_to_cover_ratio":3.38,"window_percentile_pct":94},{"settlement_date":"2026-06-15","as_of_label":"Jun 15, 2026","days_to_cover_ratio":2.76,"window_percentile_pct":72},{"settlement_date":"2026-06-30","as_of_label":"Jun 30, 2026","days_to_cover_ratio":1.73,"window_percentile_pct":17}],"shape":"series","sql":"WITH history AS\n(\n    SELECT\n        settlement_date               AS d,\n        max(toFloat64(days_to_cover)) AS dtc\n    FROM global_markets.stocks_short_interest\n    WHERE ticker = 'AAPL'\n      AND settlement_date >= '2023-07-01'\n      AND settlement_date <  '2026-07-01'\n      AND days_to_cover > 0\n    GROUP BY settlement_date\n)\nSELECT\n    toString(a.d)                                     AS settlement_date,\n    formatDateTime(a.d, '%b %e, %Y')                  AS as_of_label,\n    round(a.dtc, 2)                                   AS days_to_cover_ratio,\n    round(100 * countIf(b.dtc <= a.dtc) / count(), 0) AS window_percentile_pct\nFROM history AS a\nCROSS JOIN history AS b\nGROUP BY a.d, a.dtc\nORDER BY a.d","computed_at":"2026-08-22T04:13:51.635709+00:00","elapsed":0.118206645}