Quote
Inside the band. Fees beat the cost of the stock moving.
After hourspool read 52m agoreal print Thu 3:59 PM ET
pool $766.00+0.25%
real $764.10
$764.96$766.04
Where to quote
$764.96 to $766.04: the real price plus the usual drift each side, on this pool's tick grid (ticks -209930 to -209900).
At today's pool price that is 4% SPY and 96% USDG.
Inside the band. Move the range when the real price moves, not when the pool drifts. The drift is the income.
Premium now
+0.25%
usual +0.1% to +0.3%
Reverts in
2 min
32.0 crossings a session
Stock's daily move
0.6%
the cost
Pool's daily move
0.7%
stock plus drift
The tape
since Sun 7:40 PM ET · 1000 five-minute candles · studied 52m ago+0.7%+0.3%real−0.3%−0.7%
Mon, Sep 28Tue, Sep 29Wed, Sep 30Thu, Oct 1
usual band pre and after hours market closed
Hover the tape for a reading.
Fees / day
$385
$770k volume × 0.05%
Pool size
$358k
39% a year, pool average
Fee yield, this band
412%
a year in range, 1334× vs the pool's 127×
Cost of the stock moving
151%
a year. Fees cover 273% of it.
Volume outside hours
50%
18% while the market is closed
Other pools for SPY
Same token against USDG. Sizes are from discovery, not live.
Before you quote
- After hours. The real price is the last print, so part of the gap may be news the tape has not priced.
- This pool usually sits 0.18% above the real price. That gap is not yours to earn. If it closes suddenly you hold the wrong side.