STRASMORE/EXPLORE 3,256 QUERIES 22Y EQUITIES · 12Y OPTIONS

3,256 answered market questions

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Options Approval Denied? What to Do Next
Large single-session SPY declines by calendar yearranking · 2026-10-09 · 11×3Preview: 11 ranked values, largest first.
Limited Margin in an IRA: Rules and Limits
Reported short sale volume as a share of total volume, past six monthsranking · 2026-10-09 · 5×3Preview: 5 ranked values, largest first. Front-end Treasury yields, monthly averagesseries · 2026-10-09 · 14×3Preview: a 14-point series, ending higher. How often the settlement wait is overnight, and how often it is longerranking · 2026-10-09 · 4×3Preview: 4 ranked values, largest first. Calendar days from a sale to its settlement date, session by sessionseries · 2026-10-09 · 70×3Preview: a 16-point series, ending higher.
Can You Lose More Than You Invest?
The largest US oil tracking fund through April 2020: daily close and session lowseries · 2026-10-05 · 17×3Preview: a 16-point series, ending lower. 2023 run from the first close of the year: year end and peakranking · 2026-10-05 · 6×3Preview: 6 ranked values, largest first. Deepest overnight gap down per name, 2015 to 2025 (split dates removed)ranking · 2026-10-05 · 6×3Preview: 6 ranked values, largest first. One NVDA option contract, mid January to March 1, 2024: the furthest travellerseries · 2026-10-05 · 33×3Preview: a 16-point series, ending higher.
Trading Options Inside an IRA: How It Works
Near the money put premium as a percent of the cash it locks upranking · 2026-10-04 · 5×3Preview: 5 ranked values, smallest first. Next declared ex dividend dates and the cash at stake per contractseries · 2026-10-04 · 2×4Preview: a 2-point series, ending lower. What one fully collateralized contract ties up, by underlyingranking · 2026-10-04 · 6×4Preview: 6 ranked values, largest first. Average call delta by strike versus spot, one week or less to expirationranking · 2026-10-04 · 6×3Preview: 6 ranked values, smallest first.
Options Approval Levels: What Each Tier Allows
Every $5 call spread on the same AAPL expiration: risk against maximum gainranking · 2026-10-04 · 7×3Preview: 7 ranked values, largest first. Largest single-session move, open to close, since 2016ranking · 2026-10-04 · 6×4Preview: 6 ranked values, largest first. What a covered call collects across strikes: AAPL, about one month outtable · 2026-10-04 · 6×5 Cash needed to hold 100 shares, six household namesranking · 2026-10-04 · 6×3Preview: 6 ranked values, largest first.
Non-Marginable Securities: Reg T vs House
Symbols closing the month below $5 and below $1, past two yearsseries · 2026-10-04 · 24×3Preview: a 16-point series, roughly flat. Symbol count and average daily range, by price bucketranking · 2026-10-04 · 6×3Preview: 6 ranked values, smallest first. Average daily range of recent listings, by age since listingranking · 2026-10-04 · 5×3Preview: 5 ranked values, largest first.
Micro Gold Futures vs GLD: Size, Tax, Cost
What one Micro Gold (MGC) contract controls at different gold pricestable · 2026-10-04 · 7×6 GLD's trailing year, and the gold notional inside one MGCseries · 2026-10-04 · 13×7Preview: a 13-point series, ending higher. GLD overnight gaps against intraday moves, by yearranking · 2026-10-04 · 10×4Preview: 10 ranked values, smallest first. GLD sponsor fee on a stake matching one MGC, by years heldranking · 2026-10-04 · 10×3Preview: 10 ranked values, smallest first.
LEAPS vs Margin Loan: The Financing Cost
Parity-implied financing rate by expiry, deep ITM AAPL strikesranking · 2026-10-04 · 10×4Preview: 10 ranked values, smallest first. AAPL LEAPS calls and puts at matching strikes, one recent sessiontable · 2026-10-04 · 5×9 Implied financing rate at each AAPL LEAPS strike, versus the 1-year Treasurytable · 2026-10-04 · 5×5 AAPL dividends in the twelve months before the pricing sessionseries · 2026-10-04 · 4×3Preview: a 4-point series, ending higher.
Event Contract Collateral and Max Loss
Return on collateral for each side, by contract priceranking · 2026-10-04 · 13×4Preview: 13 ranked values, smallest first. Near the money SPY put marks, May to June 2026series · 2026-10-04 · 41×4Preview: a 16-point series, roughly flat. Buyer and seller collateral at every contract priceranking · 2026-10-04 · 19×4Preview: 16 ranked values, smallest first. Short dated Treasury yields, trailing 18 monthsseries · 2026-10-04 · 18×4Preview: a 16-point series, ending lower. A 60 cent contract, annualised across holding periodsranking · 2026-10-04 · 7×3Preview: 7 ranked values, largest first.
Micro E-mini vs E-mini Futures: Specs & Cost
SPY volume on each quarterly expiry Friday against its prior 20 sessionsseries · 2026-09-28 · 13×3Preview: a 13-point series, ending higher. Average daily range by index family, trailing six monthsranking · 2026-09-28 · 4×3Preview: 4 ranked values, largest first.
What Replaced the PDT Rule? Intraday Margin
What 100 shares, one contract's deliverable, cost at the end of August 2026ranking · 2026-09-26 · 6×4Preview: 6 ranked values, largest first. Intraday high-to-low range as a share of the open, August 2026ranking · 2026-09-26 · 6×3Preview: 6 ranked values, largest first. The five widest AAPL sessions of August 2026 for the same $5,000 accountranking · 2026-09-26 · 5×3Preview: 5 ranked values, largest first. A $5,000 account holding $20,000 of AAPL from the open: loss and deficit at each session low, August 2026series · 2026-09-26 · 21×3Preview: a 16-point series, ending lower.
Margin for Selling Naked Options: Reg T Math
One fixed short AAPL call strike: requirement as a percent of the share price, April to June 2026series · 2026-09-26 · 62×4Preview: a 16-point series, ending higher. Reg T minimum branches for one uncovered AAPL put, by strike (dollars per share)ranking · 2026-09-26 · 11×4Preview: 11 ranked values, smallest first. Uncovered call minimum per contract, strike about 5% out of the moneyranking · 2026-09-26 · 5×3Preview: 5 ranked values, largest first. Reg T minimum branches for one uncovered AAPL call, by strike (dollars per share)ranking · 2026-09-26 · 12×4Preview: 12 ranked values, smallest first.
How to Short a Stock, Step by Step
Share of AAPL's reported off-exchange volume marked short, August 2026series · 2026-09-14 · 16×4Preview: a 16-point series, ending lower. Sessions with a 10%+ drop from the prior close, September 2024 through August 2026ranking · 2026-09-14 · 6×4Preview: 6 ranked values, largest first. Payments in lieu owed on a 100-share AAPL short, by ex-dividend dateseries · 2026-09-14 · 4×5Preview: a 4-point series, ending higher.
Single Stock Futures: CME's New Contracts
Deposit on a $10,000 position: Reg T stock margin versus the security futures floorranking · 2026-09-12 · 4×4Preview: 4 ranked values, largest first. Fair value of a 100 share future at an illustrative $100 spot and 4% financingranking · 2026-09-12 · 5×4Preview: 5 ranked values, smallest first.
Fed Call vs House Call vs Exchange Call
Where each margin call line falls: 200 shares carried against a $10,000 debittable · 2026-09-12 · 3×5 The $65 close: what each maintenance call demands, met by deposit or by saletable · 2026-09-12 · 2×7
How Long Can You Hold a Short Position?
FINRA Rule 4210 maintenance margin per share short, by share priceranking · 2026-09-11 · 9×3Preview: 9 ranked values, smallest first. Daily and 30-day borrow cost on a $10,000 short, by annualized fee rateranking · 2026-09-11 · 7×3Preview: 7 ranked values, smallest first.
What Is a Special Memorandum Account (SMA)?
One margin account through four events: equity, requirement, and SMAtable · 2026-08-19 · 5×8
Ratio Spreads: Breakevens and Naked Risk
AAPL 25-session moves since January 2021, by sizeranking · 2026-08-13 · 6×3Preview: 6 ranked values, largest first.
How Futures Margin Works: SPAN and Calls
SPY typical and largest daily move, month by month since 2019series · 2026-08-10 · 91×4Preview: a 16-point series, ending higher. Short term Treasury yields, the reference a stock margin loan is priced offseries · 2026-08-10 · 91×4Preview: a 16-point series, ending higher. One day move size across six household names, five years to July 2026ranking · 2026-08-10 · 6×3Preview: 6 ranked values, largest first. A decade of SPY daily closing moves, sorted into size bucketsranking · 2026-08-10 · 6×3Preview: 6 ranked values, largest first.
Reg T Margin vs Portfolio Margin Explained
SPY realized volatility and worst session, by calendar yearranking · 2026-08-09 · 20×4Preview: 16 ranked values, smallest first. SPY daily moves and drawdown, February to April 2020series · 2026-08-09 · 45×4Preview: a 16-point series, ending lower. Worst one-session and five-session declines since January 2015ranking · 2026-08-09 · 6×3Preview: 6 ranked values, smallest first. Average implied volatility by strike distance from spot, SPY, May to June 2026ranking · 2026-08-09 · 9×3Preview: 9 ranked values, largest first.
Pattern Day Trader Rule: What Replaced It
US trading sessions per month, January 2025 through June 2026series · 2026-08-01 · 18×3Preview: a 16-point series, ending higher. SPY share volume by half hour, week of July 6, 2026 (Eastern time)series · 2026-08-01 · 32×2Preview: a 16-point series, roughly flat. Median and 90th percentile full day range, eight names, H1 2026ranking · 2026-08-01 · 8×3Preview: 8 ranked values, largest first.
Large single-session SPY declines by calendar year

Large single-session SPY declines by calendar year

most recentas of ranking 11×3read in context →
Large single-session SPY declines by calendar year — 11 rows by 3 columns, computed from US exchange, SIP and OPRA data.
yearsessions_down_2pctworst_day_pct
202024-10.94
202223-4.35
201814-4.18
20258-5.85
20216-2.44
20165-3.64
20195-3.01
20244-2.98
20262-2.58
20231-2.01
20170-1.77
the exact SQL behind every number
SELECT
    toYear(session_date)   AS year,
    countIf(ret_pct <= -2) AS sessions_down_2pct,
    round(min(ret_pct), 2) AS worst_day_pct
FROM
(
    SELECT
        session_date,
        c,
        lagInFrame(c) OVER (ORDER BY session_date ASC ROWS BETWEEN 1 PRECEDING AND CURRENT ROW) AS prev_c,
        if(prev_c > 0, round(100 * (c / prev_c - 1), 2), NULL)                                  AS ret_pct
    FROM
    (
        SELECT
            date                   AS session_date,
            toFloat64(max(close))  AS c
        FROM global_markets.stocks_daily_aggs
        WHERE ticker = 'SPY'
          AND date >= '2016-01-01'
          AND date < today()
        GROUP BY date
    )
)
WHERE ret_pct IS NOT NULL
GROUP BY year
ORDER BY sessions_down_2pct DESC, year ASC
$