{"slug":"what-happens-if-an-option-expires-itm","qid":"exercise_cash","label":"Cash behind one contract: 100 shares at each name's close in the last week of July 2026","post_title":"What Happens If an Option Expires In the Money","post_url":"/blog/what-happens-if-an-option-expires-itm#q-exercise_cash","columns":["ticker","cash_per_contract_usd_thousands"],"rows":[{"ticker":"SPY","cash_per_contract_usd_thousands":74.7},{"ticker":"MSFT","cash_per_contract_usd_thousands":46.5},{"ticker":"AAPL","cash_per_contract_usd_thousands":30.9},{"ticker":"JNJ","cash_per_contract_usd_thousands":25.6},{"ticker":"NVDA","cash_per_contract_usd_thousands":20.1},{"ticker":"CVX","cash_per_contract_usd_thousands":19.7},{"ticker":"KO","cash_per_contract_usd_thousands":8.8},{"ticker":"CAG","cash_per_contract_usd_thousands":1.5}],"shape":"ranking","sql":"SELECT ticker,\n       round(argMax(toFloat64(close), window_start) * 100 / 1000, 1) AS cash_per_contract_usd_thousands\nFROM global_markets.delayed_stocks_minute_aggs\nWHERE ticker IN ('SPY', 'MSFT', 'AAPL', 'NVDA', 'JNJ', 'CVX', 'KO', 'CAG')\n  AND toDate(toTimeZone(window_start, 'America/New_York')) >= toDate('2026-07-27')\n  AND toDate(toTimeZone(window_start, 'America/New_York')) <= toDate('2026-07-31')\n  AND (toHour(toTimeZone(window_start, 'America/New_York')) * 60\n       + toMinute(toTimeZone(window_start, 'America/New_York'))) BETWEEN 570 AND 959\nGROUP BY ticker\nORDER BY cash_per_contract_usd_thousands DESC","computed_at":"2026-08-04T12:41:32.525816+00:00","elapsed":0.002448265}