Why Are Spreads Wider at the Open? Real Data
Window guard: the UTC session filter maps to a 9:30 a.m. ET start on both ends of the rolling windowscalar ·
2026-08-08 · 1×2570
Share of quote updates at the one-cent minimum spread, by half hour (regular hours, ET)series ·
2026-08-08 · 13×4
Median spread each half hour, as a multiple of each name's tightest bucket (regular hours, ET)series ·
2026-08-08 · 13×4
Session by session: how often, and by how much, the open ran wider than middaytable ·
2026-08-08 · 3×6
Median quoted spread by phase of the trading day, in basis points (ET clock)ranking ·
2026-08-08 · 5×4
The opening premium priced: median and 90th-percentile spread at the open (9:30-10:00 ET) vs. midday (12:00-14:00 ET)table ·
2026-08-08 · 3×12
MU: median quoted spread by half hour on July 7, 2026 (ET, regular hours)series ·
2026-08-08 · 13×5
MU into July 7, 2026: prior regular-session close, opening print, overnight gapscalar ·
2026-08-08 · 1×3984.31
Window guard: the UTC session filter maps to a 9:30 a.m. ET start on both ends of the rolling window
Window guard: the UTC session filter maps to a 9:30 a.m. ET start on both ends of the rolling window
win start et min
570
win end et min
570
the exact SQL behind every number
SELECT toHour(toTimeZone(toDateTime(today() - 14) + toIntervalMinute(810), 'America/New_York')) * 60
+ toMinute(toTimeZone(toDateTime(today() - 14) + toIntervalMinute(810), 'America/New_York')) AS win_start_et_min,
toHour(toTimeZone(toDateTime(today() - 4) + toIntervalMinute(810), 'America/New_York')) * 60
+ toMinute(toTimeZone(toDateTime(today() - 4) + toIntervalMinute(810), 'America/New_York')) AS win_end_et_min
More from this analysisWhy Are Spreads Wider at the Open? Real Data
MU into July 7, 2026: prior regular-session close, opening print, overnight gap
scalar 1×3
→
Share of quote updates at the one-cent minimum spread, by half hour (regular hours, ET)
series 13×4
→
Median spread each half hour, as a multiple of each name's tightest bucket (regular hours, ET)
series 13×4
→
MU: median quoted spread by half hour on July 7, 2026 (ET, regular hours)
series 13×5
→
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