STRASMORE/EXPLORE 2,170 QUERIES

Share of contract volume by days to expiry, SPX and SPY

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 Why Index Options Are Taxed 60/40: Section 1256.

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Share of contract volume by days to expiry, SPX and SPY — 5 rows by 3 columns, computed from US exchange, SIP and OPRA data.
dte_bucketspx_share_pctspy_share_pct
1 to 7 days-nan64.8
8 to 30 days-nan19.8
31 to 90 days-nan10.3
91 to 365 days-nan4.3
over 1 year-nan0.8
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 Share of contract volume by days to expiry, SPX and SPY, derived from the stored result.
ColumnTypeRangeNotes
dte_bucket text 5 distinct values (1 to 7 days, 31 to 90 days, 8 to 30 days…)
spx_share_pct text 1 distinct value (-nan)
spy_share_pct number 0.8 to 64.8 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
WITH flow AS
(
    SELECT
        replaceOne(underlying_symbol, 'I:', '') AS sym,
        days_to_expiry                          AS dte,
        volume                                  AS vol
    FROM global_markets.options_greeks
    WHERE date >= today() - 90
      AND sym IN ('SPX', 'SPY')
      AND volume > 0
      AND days_to_expiry >= 0
),
totals AS
(
    SELECT
        sumIf(vol, sym = 'SPX') AS spx_all,
        sumIf(vol, sym = 'SPY') AS spy_all
    FROM flow
)
SELECT
    multiIf(dte = 0,    '0 (same session)',
            dte <= 7,   '1 to 7 days',
            dte <= 30,  '8 to 30 days',
            dte <= 90,  '31 to 90 days',
            dte <= 365, '91 to 365 days',
                        'over 1 year')                     AS dte_bucket,
    round(100 * sumIf(vol, sym = 'SPX') / any(spx_all), 1)  AS spx_share_pct,
    round(100 * sumIf(vol, sym = 'SPY') / any(spy_all), 1)  AS spy_share_pct
FROM flow
CROSS JOIN totals
GROUP BY dte_bucket
ORDER BY min(dte)

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