What a 30-day SPY option cost at each distance from spot, May 2026 averages
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 Iron Condor vs Iron Butterfly: Break-Evens.
| strike_vs_spot | call_price | put_price |
|---|---|---|
| -6% | 49.02 | 2.74 |
| -5% | 42.33 | 3.41 |
| -4% | 35.94 | 4.3 |
| -3% | 29.68 | 5.44 |
| -2% | 23.93 | 6.96 |
| -1% | 18.38 | 8.98 |
| 0% | 13.55 | 11.62 |
| +1% | 9.44 | 14.82 |
| +2% | 6.14 | 18.76 |
| +3% | 3.71 | 24 |
| +4% | 2.15 | 30.35 |
| +5% | 1.21 | 36.87 |
| +6% | 0.72 | 44.04 |
- Rows × columns
- 13 × 3
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
strike_vs_spot |
text | 13 distinct values (+1%, +2%, +3%…) | |
call_price |
number | 0.72 to 49.02 | US dollars |
put_price |
number | 2.74 to 44.04 | US dollars |
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.
Run it yourself
This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
SELECT
concat(if(off_pct > 0, '+', ''), toString(off_pct), '%') AS strike_vs_spot,
round(avgIf(px, leg = 'call'), 2) AS call_price,
round(avgIf(px, leg = 'put'), 2) AS put_price
FROM
(
SELECT
toInt32(round((toFloat64(strike_price) / toFloat64(underlying_close) - 1) * 100)) AS off_pct,
if(lower(toString(option_type)) LIKE 'c%', 'call', 'put') AS leg,
toFloat64(option_close) AS px
FROM global_markets.options_greeks
WHERE underlying_symbol = 'SPY'
AND date BETWEEN '2026-05-01' AND '2026-05-29'
AND days_to_expiry BETWEEN 25 AND 35
AND volume > 0
AND (lower(toString(option_type)) LIKE 'c%' OR lower(toString(option_type)) LIKE 'p%')
)
GROUP BY off_pct
HAVING off_pct BETWEEN -6 AND 6
AND countIf(leg = 'call') > 0
AND countIf(leg = 'put') > 0
ORDER BY off_pct
Work with this data in your AI assistant
Opens ready to query, with this page's data. Free, no account.