{"slug":"market-with-protection-orders","qid":"minute_travel","label":"Median one minute range by ET clock bucket, SPY and KO, September 2026","post_title":"Market Orders With Protection on CME Globex","post_url":"/blog/market-with-protection-orders#q-minute_travel","columns":["et_time","spy_range_bps","ko_range_bps"],"rows":[{"et_time":"09:30","spy_range_bps":5,"ko_range_bps":15.9},{"et_time":"09:40","spy_range_bps":4.34,"ko_range_bps":9.61},{"et_time":"09:50","spy_range_bps":3.65,"ko_range_bps":7.87},{"et_time":"10:00","spy_range_bps":3.74,"ko_range_bps":7.92},{"et_time":"10:10","spy_range_bps":3.91,"ko_range_bps":7.35},{"et_time":"10:20","spy_range_bps":3.39,"ko_range_bps":5.69},{"et_time":"10:30","spy_range_bps":3.5,"ko_range_bps":5.65},{"et_time":"10:40","spy_range_bps":3.29,"ko_range_bps":5.63},{"et_time":"10:50","spy_range_bps":3.26,"ko_range_bps":5.67},{"et_time":"11:00","spy_range_bps":3.26,"ko_range_bps":5.14},{"et_time":"11:10","spy_range_bps":3.07,"ko_range_bps":4.56},{"et_time":"11:20","spy_range_bps":2.87,"ko_range_bps":4.51},{"et_time":"11:30","spy_range_bps":2.75,"ko_range_bps":4.53},{"et_time":"11:40","spy_range_bps":2.62,"ko_range_bps":3.97},{"et_time":"11:50","spy_range_bps":2.43,"ko_range_bps":3.96},{"et_time":"12:00","spy_range_bps":2.46,"ko_range_bps":3.98},{"et_time":"12:10","spy_range_bps":2.16,"ko_range_bps":3.41},{"et_time":"12:20","spy_range_bps":2.21,"ko_range_bps":3.45},{"et_time":"12:30","spy_range_bps":2.48,"ko_range_bps":2.88},{"et_time":"12:40","spy_range_bps":2.3,"ko_range_bps":2.88},{"et_time":"12:50","spy_range_bps":2.21,"ko_range_bps":2.85},{"et_time":"13:00","spy_range_bps":2.26,"ko_range_bps":2.85},{"et_time":"13:10","spy_range_bps":2.13,"ko_range_bps":2.83},{"et_time":"13:20","spy_range_bps":2.11,"ko_range_bps":2.87},{"et_time":"13:30","spy_range_bps":2.1,"ko_range_bps":3.39},{"et_time":"13:40","spy_range_bps":2.07,"ko_range_bps":2.84},{"et_time":"13:50","spy_range_bps":1.76,"ko_range_bps":2.83},{"et_time":"14:00","spy_range_bps":2.2,"ko_range_bps":3.39},{"et_time":"14:10","spy_range_bps":1.97,"ko_range_bps":2.84},{"et_time":"14:20","spy_range_bps":1.84,"ko_range_bps":2.84},{"et_time":"14:30","spy_range_bps":1.98,"ko_range_bps":3.39},{"et_time":"14:40","spy_range_bps":1.93,"ko_range_bps":3.38},{"et_time":"14:50","spy_range_bps":1.96,"ko_range_bps":3.39},{"et_time":"15:00","spy_range_bps":2.09,"ko_range_bps":3.36},{"et_time":"15:10","spy_range_bps":1.82,"ko_range_bps":3.42},{"et_time":"15:20","spy_range_bps":1.95,"ko_range_bps":3.42},{"et_time":"15:30","spy_range_bps":2.06,"ko_range_bps":4.5},{"et_time":"15:40","spy_range_bps":2.23,"ko_range_bps":4.45},{"et_time":"15:50","spy_range_bps":3.62,"ko_range_bps":7.35}],"shape":"series","sql":"SELECT\n    formatDateTime(toStartOfInterval(toTimeZone(window_start, 'America/New_York'), INTERVAL 10 MINUTE), '%H:%i') AS et_time,\n    round(quantileDeterministicIf(0.5)(\n        (toFloat64(high) - toFloat64(low)) / toFloat64(close) * 10000,\n        toUInt32(toUnixTimestamp(window_start)),\n        ticker = 'SPY'), 2) AS spy_range_bps,\n    round(quantileDeterministicIf(0.5)(\n        (toFloat64(high) - toFloat64(low)) / toFloat64(close) * 10000,\n        toUInt32(toUnixTimestamp(window_start)),\n        ticker = 'KO'), 2)  AS ko_range_bps\nFROM global_markets.delayed_stocks_minute_aggs\nWHERE ticker IN ('SPY', 'KO')\n  AND window_start >= toDateTime('2026-09-01 04:00:00', 'UTC')\n  AND window_start <  toDateTime('2026-10-01 04:00:00', 'UTC')\n  AND close > 0\n  AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60\n       + toMinute(toTimeZone(window_start, 'America/New_York'))) >= 570\n  AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60\n       + toMinute(toTimeZone(window_start, 'America/New_York'))) < 960\nGROUP BY et_time\nHAVING countIf(ticker = 'SPY') > 0 AND countIf(ticker = 'KO') > 0\nORDER BY et_time","computed_at":"2026-10-08T15:17:06.734983+00:00","elapsed":0.004006915}