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What extra time is worth: at-the-money AAPL call premium by days to expiry

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 2026-08-07, from How to Roll an Option Position: Up and Out.

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What extra time is worth: at-the-money AAPL call premium by days to expiry — 6 rows by 3 columns, computed from US exchange, SIP and OPRA data.
dte_bucketcall_premium_pct_of_spotsample_count
1-7 days1.321630
8-14 days2.011487
15-30 days2.761047
31-60 days3.88784
61-90 days5.34265
91-180 days7.37842
Rows × columns
6 × 3
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 What extra time is worth: at-the-money AAPL call premium by days to expiry, derived from the stored result.
ColumnTypeRangeNotes
dte_bucket text 6 distinct values (1-7 days, 15-30 days, 31-60 days…)
call_premium_pct_of_spot number 1.32 to 7.37 percent
sample_count number 265 to 1,630 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
    dte_bucket,
    round(avg(premium_pct), 2) AS call_premium_pct_of_spot,
    count()                    AS sample_count
FROM
(
    SELECT
        multiIf(days_to_expiry <=  7, '1-7 days',
                days_to_expiry <= 14, '8-14 days',
                days_to_expiry <= 30, '15-30 days',
                days_to_expiry <= 60, '31-60 days',
                days_to_expiry <= 90, '61-90 days',
                                      '91-180 days')              AS dte_bucket,
        days_to_expiry                                            AS dte,
        toFloat64(option_close) / toFloat64(underlying_close) * 100 AS premium_pct
    FROM global_markets.options_greeks
    WHERE underlying_symbol = 'AAPL'
      AND lower(option_type) IN ('call', 'c')
      AND iv_converged = 1
      AND volume > 0
      AND date >= '2026-02-01'
      AND date <  '2026-08-01'
      AND days_to_expiry BETWEEN 1 AND 180
      AND underlying_close > 0
      AND abs(toFloat64(strike_price) / toFloat64(underlying_close) - 1) < 0.02
)
GROUP BY dte_bucket
ORDER BY min(dte)

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