What one cent is worth, by share price band
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 The Sub-Penny Rule and Price Improvement.
| price_bucket | stock_count | one_cent_bps |
|---|---|---|
| $1 to $2 | 142 | 71.37 |
| $2 to $5 | 305 | 31.07 |
| $5 to $10 | 375 | 13.99 |
| $10 to $25 | 717 | 6.4 |
| $25 to $50 | 720 | 2.9 |
| $50 to $100 | 617 | 1.46 |
| $100 to $250 | 441 | 0.7 |
| $250 to $1,000 | 170 | 0.28 |
- Rows × columns
- 8 × 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 |
|---|---|---|---|
price_bucket |
text | 8 distinct values ($1 to $2, $10 to $25, $100 to $250…) | |
stock_count |
number | 142 to 720 | count |
one_cent_bps |
number | 0.28 to 71.37 |
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.
WITH day_prices AS
(
SELECT
ticker,
toFloat64(close) AS px
FROM global_markets.stocks_daily_aggs
WHERE date = '2026-06-17'
AND volume >= 500000
AND close >= 1
AND close < 1000
)
SELECT
multiIf(px < 2, '$1 to $2',
px < 5, '$2 to $5',
px < 10, '$5 to $10',
px < 25, '$10 to $25',
px < 50, '$25 to $50',
px < 100, '$50 to $100',
px < 250, '$100 to $250',
'$250 to $1,000') AS price_bucket,
count() AS stock_count,
round(avg(10000 * 0.01 / px), 2) AS one_cent_bps
FROM day_prices
GROUP BY price_bucket
ORDER BY min(px)