STRASMORE/EXPLORE 2,170 QUERIES

SPY option volume by days to expiry, trailing six weeks

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 2026-08-22, from SPX vs SPY Options: Which One to Trade.

as of ranking 5×3read in context →
SPY option volume by days to expiry, trailing six weeks — 5 rows by 3 columns, computed from US exchange, SIP and OPRA data.
days_to_expiry_bucketcontracts_traded_millionsshare_of_volume_pct
0 to 1 days38.0431.1
2 to 7 days41.9134.2
8 to 30 days23.5619.2
31 to 90 days12.7410.4
over 90 days6.225.1
Rows × columns
5 × 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 SPY option volume by days to expiry, trailing six weeks, derived from the stored result.
ColumnTypeRangeNotes
days_to_expiry_bucket text 5 distinct values (0 to 1 days, 2 to 7 days, 31 to 90 days…)
contracts_traded_millions number 6.22 to 41.91 count
share_of_volume_pct number 5.1 to 34.2 percent

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
    bucket                                              AS days_to_expiry_bucket,
    round(contracts / 1e6, 2)                           AS contracts_traded_millions,
    round(100 * contracts / sum(contracts) OVER (), 1)  AS share_of_volume_pct
FROM
(
    SELECT
        multiIf(days_to_expiry <= 1,  '0 to 1 days',
                days_to_expiry <= 7,  '2 to 7 days',
                days_to_expiry <= 30, '8 to 30 days',
                days_to_expiry <= 90, '31 to 90 days',
                                      'over 90 days')  AS bucket,
        min(days_to_expiry)                            AS bucket_floor,
        sum(volume)                                    AS contracts
    FROM global_markets.options_greeks
    WHERE underlying_symbol = 'SPY'
      AND date >= today() - 45
      AND volume > 0
    GROUP BY bucket
)
ORDER BY bucket_floor

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