Option price spikes · same-day QQQ, SPY, IWM

A spike is a rise anyone could have traded: bought at the ask of one minute, sold at the bid of a later minute within the chosen window. One independently calculated best rise per contract, session and selected entry-price floor. Verified minute quotes 2022–2026, strikes within the band the daily tests archive around the price. Theoretical intrinsic values after option trading ends are never mixed into this page; they are labelled separately in Expiration history.

Found: 14890 spikes in 6032 distinct moves on 2526 of 3148 sessions · rise of at least 300% within 30 min from an entry of at least $0.05. Contracts of one ETF that spike within five minutes of each other count as one move.
QQQ · sessions with a spike84.6%925 of 1094 · 6887 spikes, 2372 movesmedian ×5.6 · best ×240.0 · CALL 2754 / PUT 4133
SPY · sessions with a spike81.6%893 of 1094 · 5419 spikes, 2166 movesmedian ×5.6 · best ×228.6 · CALL 2139 / PUT 3280
IWM · sessions with a spike73.8%708 of 960 · 2584 spikes, 1494 movesmedian ×5.3 · best ×118.8 · CALL 1153 / PUT 1431
CALL6046median ×5.4 · median ETF move to the peak 0.7%
PUT8844median ×5.6 · median ETF move to the peak 0.7%

When each contract's selected maximum starts

Distribution of the independently selected best rise for each contract, session and entry-price floor. The share is the sessions represented by at least one such maximum in the quarter-hour; this table does not search for a second, smaller rise from the same contract inside every quarter-hour. The last row is the fifteen minutes after the stock close, when same-day ETF options still trade.

Entry, New YorkSessions representedShareSpikesMovesPUTMedianBest
09:30–09:4535911.4%1452403876×5.1×76.4
09:45–10:002116.7%808244474×5.5×92.0
10:00–10:152136.8%822245549×5.3×30.6
10:15–10:301755.6%669194507×5.3×26.0
10:30–10:451063.4%338118241×5.0×48.4
10:45–11:001113.5%468126328×5.7×127.0
11:00–11:151043.3%280113203×5.0×20.7
11:15–11:30912.9%31795189×5.6×20.4
11:30–11:451103.5%297116178×5.1×19.6
11:45–12:00752.4%24989162×5.7×15.7
12:00–12:151093.5%384117263×5.5×41.6
12:15–12:30993.1%259110205×5.0×35.2
12:30–12:451103.5%292121218×5.1×52.0
12:45–13:001043.3%284114192×5.4×120.0
13:00–13:151304.1%421156281×6.3×240.0
13:15–13:301464.6%447161172×6.1×203.3
13:30–13:451374.4%307155197×5.3×16.1
13:45–14:001605.1%417186256×5.4×21.0
14:00–14:151966.2%463231309×5.9×43.2
14:15–14:301715.4%409196208×5.4×80.9
14:30–14:452307.3%654272323×5.6×57.2
14:45–15:002507.9%576286357×5.6×52.0
15:00–15:153039.6%762333440×5.8×117.4
15:15–15:3038512.2%812428464×6.2×111.6
15:30–15:4563820.3%1216724563×6.6×63.6
15:45–16:0075624.0%1262835593×6.0×80.0
16:00–16:151484.7%22515596×5.4×77.4

Most common start times of the selected maxima: 15:45–16:00 — 24.0% of sessions · 15:30–15:45 — 20.3% of sessions · 15:15–15:30 — 12.2% of sessions · 09:30–09:45 — 11.4% of sessions · 15:00–15:15 — 9.6% of sessions.

The after-close setup: buy at 15:55, sell between 16:00 and 16:15

Every regular (non-shortened) session, every quoted contract: bought at the 15:55 ask, sold at the best bid of the fifteen minutes after the close. The best put and the best call of each session, and what the ETF did in those fifteen minutes. Each percentage uses only sessions with both required observations; its exact denominator n is shown.

ETFSessionsBest PUT ≥ ×2≥ ×4medianBest CALL ≥ ×2≥ ×4medianETF 16:00→16:15, median≥ 0.15%Reverses the last 15 minRecord
QQQ108520.8% n=10858.1%×1.126.1% n=108510.6%×1.10.1% n=108516.1%51.2%PUT ×85.7 2024-12-18 · CALL ×57.3 2026-06-25
SPY108520.1% n=10846.5%×1.123.3% n=10848.1%×1.10.1% n=10859.7%50.9%PUT ×26.0 2023-02-07 · CALL ×64.5 2026-03-26
IWM95114.2% n=9513.7%×1.014.4% n=9504.0%×1.00.1% n=92414.6%49.9%PUT ×18.0 2026-06-05 · CALL ×140.0 2026-03-26

Other underlyings: which instrument spikes at the end of the session

Single names that expire three times a week, three Friday-only names and the three ETFs, all scanned from the vendor's minute bars since 2026-02-02: a spike compares the last trade of an earlier minute with the last trade of a later minute; the selected entry floor is $0.05. Strikes are inside the day's range. "End of session" means the final 30 minutes before the actual stock close (normally 15:30–16:00); the following 15 minutes exist for ETFs only. Shortened sessions use their actual exchange close. Growth, window, right and entry price all follow the form above.

UnderlyingExpiries0DTE daysEnd of session: days with a spikemedian bestvolume during the riseAny time: days with a spikemedian bestAfter stock close (ETF)Record, end of sessionRecord, any time
MUпн ср пт6369.8%×5.485496.8%×8.4—×180.0 2026-08-10×180.0 2026-08-10
METAпн ср пт10762.6%×5.082894.4%×9.5—×80.0 2026-02-27×340.0 2026-06-05
TSLAпн ср пт10762.6%×4.96 13496.3%×8.9—×50.0 2026-02-23×80.2 2026-08-17
AMDпн ср пт6462.5%×5.568596.9%×11.6—×97.0 2026-09-18×97.0 2026-09-18
AVGOпн ср пт10654.7%×4.434394.3%×7.9—×58.3 2026-05-29×79.3 2026-05-29
GOOGLпн ср пт10753.3%×4.182892.5%×7.6—×54.6 2026-06-26×210.0 2026-08-05
INTCпн ср пт6451.6%×4.076492.2%×7.1—×39.4 2026-05-29×162.0 2026-05-08
QQQ ETFкаждый день17948.0%×3.89 84792.7%×8.839.7% · ×3.3×36.7 2026-04-21×115.2 2026-03-09
AAPLпн ср пт10946.8%×3.63 45990.8%×7.0—×30.4 2026-02-27×50.0 2026-02-11
MSTRпт3745.9%×3.8826100.0%×7.5—×32.0 2026-06-18×32.0 2026-06-18
AMZNпн ср пт10944.0%×3.52 55385.3%×6.3—×21.5 2026-08-03×45.8 2026-06-05
PLTRпт3743.2%×3.991294.6%×7.0—×18.6 2026-02-27×39.2 2026-10-16
MSFTпн ср пт10742.1%×3.81 47693.5%×7.5—×27.4 2026-05-29×71.4 2026-09-25
COINпт3740.5%×3.5275100.0%×6.8—×33.4 2026-10-09×34.0 2026-10-16
SPY ETFкаждый день17940.2%×3.522 89288.8%×7.031.3% · ×2.9×40.3 2026-06-26×113.6 2026-03-09
NVDAпн ср пт10637.7%×3.111 30479.2%×7.1—×68.6 2026-05-29×68.6 2026-05-29
IWM ETFкаждый день17931.3%×3.23 53486.0%×6.317.9% · ×2.3×23.6 2026-04-21×56.6 2026-03-19

Coverage limit: for each underlying and expiry day this comparison scans at most 40 listed contracts nearest the middle of the stock's daily range, selected from strikes within that range plus 1%. It is not the full option chain.

Where each contract's all-session maximum starts

Share of 0DTE days represented by at least one contract's independently selected all-session maximum whose entry falls in the New York clock block. A smaller second rise from the same contract is not searched separately inside each block. The exact independently recalculated end-of-session probability is in the table above and can therefore differ from the 15:30–16:00 distribution here. Fixed clock blocks do not shift on shortened sessions.

Underlying09:30–10:3010:30–14:0014:00–15:3015:30–16:0016:00–16:15
MU52.4%47.6%66.7%50.8%—
META45.8%57.0%57.0%43.0%—
TSLA40.2%49.5%54.2%50.5%—
AMD46.9%50.0%65.6%46.9%—
AVGO45.3%52.8%54.7%35.8%—
GOOGL45.8%47.7%46.7%34.6%—
INTC45.3%39.1%45.3%34.4%—
QQQ31.8%48.6%48.0%53.1%10.6%
AAPL35.8%41.3%39.4%33.9%—
MSTR56.8%62.2%59.5%24.3%—
AMZN34.9%47.7%32.1%31.2%—
PLTR45.9%62.2%35.1%27.0%—
MSFT42.1%44.9%47.7%29.9%—
COIN67.6%54.1%59.5%27.0%—
SPY20.7%49.7%43.6%39.7%9.5%
NVDA28.3%34.9%37.7%22.6%—
IWM37.4%50.8%33.5%32.4%2.8%

The largest spikes of the other underlyings · 100

DateContractEntryPeakminPrint → printMultipleVolume during the riseDay volume
2026-08-10 MonMU PUT 87015:3215:5927$0.05 → $9.00×180.03 95329 401
2026-09-18 FriAMD CALL 55515:3015:5727$0.05 → $4.85×97.01 75224 636
2026-03-26 ThuSPY CALL 64715:5916:1112$0.05 → $4.20×84.015 372278 704
2026-02-27 FriMETA CALL 64515:4115:5716$0.05 → $4.00×80.01 45018 055
2026-03-26 ThuQQQ CALL 57516:0316:118$0.05 → $3.63×72.66 516112 033
2026-05-29 FriNVDA PUT 21515:3015:5929$0.05 → $3.43×68.620 021222 484
2026-05-29 FriAVGO CALL 44515:3415:5521$0.06 → $3.50×58.33 26913 193
2026-06-25 ThuQQQ CALL 71715:5716:014$0.05 → $2.75×55.02 709264 050
2026-06-26 FriGOOGL PUT 337.515:3315:5320$0.05 → $2.73×54.61 01029 535
2026-03-26 ThuSPY CALL 64616:0416:128$0.07 → $3.63×51.97 909185 805
2026-02-23 MonTSLA CALL 397.515:5015:599$0.05 → $2.50×50.04 91178 781
2026-06-18 ThuTSLA CALL 40015:3115:5423$0.05 → $2.36×47.231 331218 929
2026-03-26 ThuIWM CALL 24815:5816:1214$0.05 → $2.33×46.660025 799
2026-06-26 FriAVGO PUT 367.515:5015:599$0.05 → $2.23×44.62025 872
2026-02-27 FriGOOGL CALL 31015:4915:5910$0.05 → $2.18×43.66 55086 761
2026-05-29 FriAMD CALL 51515:3315:5926$0.05 → $2.08×41.61 15812 550
2026-06-26 FriSPY PUT 73215:5715:592$0.06 → $2.42×40.37 639722 586
2026-05-29 FriINTC PUT 11615:4015:5414$0.05 → $1.97×39.41 01716 485
2026-04-21 TueQQQ CALL 64516:0716:136$0.06 → $2.33×38.82 902185 306
2026-04-17 FriMETA CALL 687.515:3215:4210$0.10 → $3.85×38.51 51952 236
2026-04-21 TueSPY CALL 70516:0716:125$0.06 → $2.26×37.71 847247 537
2026-05-29 FriMU CALL 96515:3315:5926$0.21 → $7.91×37.71 43323 394
2026-05-08 FriAMD CALL 452.515:3015:5727$0.10 → $3.75×37.51 88610 115
2026-04-21 TueQQQ PUT 64515:3115:4413$0.07 → $2.57×36.717 024423 742
2026-06-09 TueQQQ CALL 70615:4915:5910$0.06 → $2.16×36.04 381136 385
2026-09-30 WedGOOGL PUT 347.515:4515:5510$0.16 → $5.72×35.898727 542
2026-07-27 MonMU CALL 90015:5015:599$0.05 → $1.78×35.62 60563 533
2026-06-24 WedQQQ CALL 71815:5716:1316$0.06 → $2.11×35.21 785164 890
2026-09-04 FriAMD CALL 47515:3015:5626$0.10 → $3.46×34.63 51844 200
2026-04-21 TueSPY PUT 70515:3115:4312$0.06 → $2.06×34.341 612782 593
2026-06-26 FriQQQ PUT 70815:4615:5913$0.07 → $2.39×34.19 579195 177
2026-10-09 FriCOIN PUT 182.515:5415:595$0.10 → $3.34×33.4553 751
2026-06-18 ThuMSTR CALL 11215:3115:5423$0.05 → $1.60×32.02 36910 436
2026-06-24 WedQQQ CALL 71915:5516:0914$0.05 → $1.59×31.8942112 070
2026-06-05 FriSPY PUT 73615:5616:1115$0.06 → $1.88×31.38 089222 975
2026-05-29 FriAVGO CALL 447.515:4915:534$0.06 → $1.86×31.02 3278 963
2026-02-27 FriAAPL PUT 26515:3015:5525$0.05 → $1.52×30.414 28895 259
2026-08-07 FriMU CALL 88015:5615:582$0.05 → $1.50×30.091853 698
2026-05-29 FriGOOGL PUT 38015:3015:5020$0.05 → $1.49×29.897818 646
2026-04-06 MonMETA PUT 57515:3315:5522$0.08 → $2.32×29.01 59217 745
2026-07-31 FriAMD PUT 477.515:3315:5926$0.08 → $2.25×28.15923 249
2026-06-05 FriGOOGL CALL 367.515:4215:5816$0.06 → $1.67×27.81 04718 562
2026-08-10 MonAMD PUT 472.515:3015:5929$0.12 → $3.34×27.81 7447 787
2026-08-19 WedTSLA CALL 35015:3115:5928$0.05 → $1.39×27.828 549288 283
2026-05-29 FriMSFT CALL 447.515:4515:5914$0.09 → $2.47×27.44 74649 620
2026-06-26 FriSPY PUT 73215:5716:069$0.06 → $1.62×27.09 926722 586
2026-10-02 FriTSLA PUT 372.515:4515:5611$0.09 → $2.38×26.410 710190 619
2026-07-29 WedINTC PUT 8315:3015:5929$0.05 → $1.32×26.41 03614 885
2026-05-08 FriCOIN CALL 20015:3915:5819$0.05 → $1.31×26.21 31110 689
2026-02-06 FriTSLA PUT 412.515:4615:559$0.07 → $1.82×26.03 41969 483
2026-07-29 WedTSLA PUT 30015:3015:4717$0.09 → $2.31×25.713 350216 702
2026-04-21 TueIWM CALL 27516:0116:1211$0.05 → $1.28×25.61 52327 528
2026-04-13 MonSPY CALL 68515:4715:569$0.05 → $1.26×25.226 097346 564
2026-07-29 WedQQQ PUT 66115:3015:5929$0.05 → $1.23×24.68 92269 968
2026-07-31 FriCOIN PUT 14815:3215:5927$0.06 → $1.42×23.71874 155
2026-04-21 TueIWM PUT 27515:3215:4311$0.05 → $1.18×23.64 47590 626
2026-07-29 WedAVGO PUT 372.515:3115:5928$0.11 → $2.56×23.31851 611
2026-03-20 FriAMD CALL 20015:3315:5926$0.06 → $1.37×22.86 89734 014
2026-07-31 FriAAPL CALL 307.515:3215:5826$0.10 → $2.26×22.625 694106 355
2026-06-24 WedSPY CALL 73515:5716:1417$0.07 → $1.56×22.36 799357 663
2026-05-15 FriAMD PUT 42515:3915:5617$0.08 → $1.78×22.21 23113 520
2026-02-04 WedAAPL PUT 277.515:5015:599$0.05 → $1.11×22.21 84220 501
2026-10-05 MonMSFT PUT 527.515:3615:5822$0.17 → $3.77×22.279416 298
2026-07-22 WedAAPL CALL 32515:3015:5525$0.08 → $1.76×22.022 544159 821
2026-07-31 FriQQQ PUT 68815:5616:026$0.06 → $1.31×21.85 643272 493
2026-08-03 MonAMZN PUT 28515:5115:576$0.06 → $1.29×21.565134 331
2026-05-08 FriTSLA CALL 427.515:5315:596$0.05 → $1.07×21.45 096190 984
2026-06-01 MonMETA PUT 60015:3215:5422$0.05 → $1.07×21.42 84817 345
2026-05-15 FriSPY PUT 73815:5916:1112$0.05 → $1.06×21.211 478389 854
2026-08-14 FriAMD CALL 512.515:4415:5915$0.10 → $2.12×21.22 61915 959
2026-07-20 MonMETA PUT 647.515:4115:5817$0.10 → $2.10×21.057310 866
2026-06-26 FriAAPL CALL 282.515:3615:5519$0.16 → $3.35×20.917 998162 329
2026-06-05 FriSPY PUT 73715:5616:1216$0.15 → $3.02×20.15 232243 972
2026-05-06 WedGOOGL CALL 397.515:3115:5524$0.05 → $1.00×20.01 05538 901
2026-08-19 WedMU CALL 93515:5315:596$0.14 → $2.73×19.51 17033 359
2026-05-18 MonQQQ CALL 70515:3015:5424$0.06 → $1.16×19.324 846230 912
2026-07-29 WedAMD PUT 43015:3015:5929$0.15 → $2.90×19.31 05514 271
2026-06-05 FriAMD PUT 467.515:5115:587$0.15 → $2.87×19.11427 873
2026-05-15 FriQQQ PUT 70815:5716:1013$0.10 → $1.90×19.09 413165 099
2026-06-09 TueSPY CALL 73615:4815:5911$0.07 → $1.33×19.010 896405 156
2026-10-05 MonAMZN PUT 252.515:4715:5710$0.06 → $1.14×19.03 17451 700
2026-09-18 FriQQQ CALL 72015:3115:5726$0.09 → $1.70×18.963 530337 495
2026-09-04 FriMU CALL 1 01015:3015:5828$0.31 → $5.85×18.912 95274 465
2026-03-26 ThuQQQ PUT 57816:1116:143$0.09 → $1.69×18.82 398162 502
2026-06-22 MonQQQ CALL 73715:4415:5915$0.08 → $1.50×18.820 129504 349
2026-07-24 FriMETA PUT 597.515:3915:5617$0.15 → $2.79×18.61 29910 748
2026-02-27 FriPLTR CALL 13615:3915:5920$0.07 → $1.30×18.63 84225 813
2026-08-05 WedMSFT PUT 487.515:4615:5913$0.05 → $0.92×18.43 18235 034
2026-06-01 MonAMZN PUT 262.515:3015:5727$0.07 → $1.28×18.32 76227 616
2026-07-31 FriQQQ PUT 68915:5315:596$0.07 → $1.26×18.06 274172 606
2026-08-21 FriMU CALL 97015:5315:552$0.05 → $0.90×18.081850 693
2026-04-29 WedSPY PUT 70916:0816:146$0.06 → $1.07×17.81 137265 935
2026-06-26 FriAMD CALL 52515:5315:585$0.06 → $1.06×17.74628 517
2026-06-25 ThuSPY CALL 73315:5816:024$0.09 → $1.58×17.63 839400 951
2026-04-10 FriTSLA CALL 347.515:3015:5929$0.08 → $1.40×17.521 056207 501
2026-02-06 FriQQQ CALL 61015:3615:5115$0.08 → $1.39×17.427 978200 128
2026-06-15 MonTSLA CALL 41015:5215:597$0.05 → $0.86×17.26 945277 127
2026-07-20 MonAAPL PUT 327.515:3115:5524$0.05 → $0.85×17.013 141102 094
2026-02-06 FriAMZN CALL 21015:3515:5419$0.08 → $1.35×16.96 995153 996
2026-09-02 WedTSLA CALL 35515:3015:5828$0.12 → $2.01×16.829 526324 254

Snapshot of the other underlyings built 2026-10-17 22:37 UTC · 2026-02-02 — 2026-10-16 · 9826 spikes in this window and threshold over 1697 fully scanned contract-days; 4 incomplete sessions were excluded from every count and probability.

The largest spikes · top 100

Prices per share. Volume is the contract's traded volume in the 30 minutes before the entry and from the entry to the peak, from the vendor's minute aggregates, fetched for the largest spikes only.

DateContractEntryPeakminAsk → bidMultipleETF at entry → peakOTMSize at entryVolume before / riseOther contracts of the move
2025-04-09 WedQQQ CALL 44413:1413:3622$0.05 → $12.00×240.0$424.33 → $454.84 +7.19%4.6%447 × 89513 / 1 268+13
2025-04-09 WedSPY CALL 52613:1213:3624$0.05 → $11.43×228.6$501.14 → $535.10 +6.78%5.0%1921 × 279836 / 4 203+1
2025-04-09 WedQQQ CALL 44213:1113:3625$0.06 → $13.64×227.3$423.41 → $454.84 +7.42%4.4%307 × 761 270 / 1 454+21
2025-04-09 WedSPY CALL 52713:1113:3625$0.05 → $10.78×215.6$501.07 → $535.10 +6.79%5.2%1163 × 10742 582 / 5 098+5
2025-04-09 WedSPY CALL 52513:1913:3617$0.06 → $12.20×203.3$499.93 → $535.10 +7.04%5.0%34 × 668 773 / 15 418+42
2025-10-10 FriQQQ PUT 60510:5611:2630$0.05 → $6.35×127.0$612.00 → $599.37 -2.06%1.1%1019 × 12824 007 / 32 379+26
2025-04-09 WedQQQ CALL 45012:5813:2830$0.05 → $6.00×120.0$424.31 → $452.03 +6.53%6.1%344 × 116364 / 4 013+2
2025-04-09 WedIWM CALL 18313:0913:3627$0.05 → $5.94×118.8$174.38 → $188.98 +8.37%4.9%21 × 361179 / 1 253+2
2026-03-09 MonQQQ CALL 60315:1015:4030$0.05 → $5.87×117.4$599.72 → $608.95 +1.54%0.5%105 × 13833 428 / 17 244+1
2025-04-09 WedSPY CALL 53313:0313:2825$0.05 → $5.77×115.4$504.60 → $531.79 +5.39%5.6%915 × 705551 / 3 565—
2025-04-09 WedIWM CALL 18213:1913:3617$0.06 → $6.85×114.2$173.69 → $188.98 +8.80%4.8%50 × 95570 / 2 003+21
2026-03-09 MonSPY CALL 67415:1915:4021$0.05 → $5.58×111.6$670.79 → $679.66 +1.32%0.5%1926 × 3077 763 / 17 354+3
2026-03-09 MonQQQ CALL 60415:1815:4022$0.05 → $4.85×97.0$600.47 → $608.95 +1.41%0.6%521 × 5711 416 / 13 022+7
2025-04-07 MonQQQ CALL 44609:4810:1830$0.05 → $4.60×92.0$407.75 → $442.20 +8.45%9.4%672 × 3100 / 611+45
2025-03-04 TueSPY PUT 57915:2515:5328$0.05 → $4.05×81.0$585.29 → $574.87 -1.78%1.1%1267 × 15207 276 / 27 750+8
2026-01-21 WedQQQ CALL 61414:2714:5730$0.07 → $5.66×80.9$610.92 → $619.73 +1.44%0.5%623 × 7147 366 / 26 073+3
2026-06-05 FriQQQ PUT 70515:5216:1321$0.05 → $4.00×80.0$709.27 → $700.85 -1.19%0.6%74 × 10727 391 / 7 402+4
2025-10-10 FriSPY PUT 66510:5611:2630$0.05 → $3.98×79.6$672.88 → $662.41 -1.56%1.2%1964 × 67894 049 / 81 400+23
2026-01-21 WedQQQ CALL 61514:1614:4630$0.05 → $3.95×79.0$610.55 → $618.91 +1.37%0.7%77 × 14184 955 / 29 870—
2026-01-21 WedSPY CALL 68314:1614:4630$0.06 → $4.70×78.3$680.05 → $687.72 +1.13%0.4%3175 × 239623 213 / 37 873—
2026-03-26 ThuSPY CALL 64716:0316:129$0.05 → $3.87×77.4$644.89 → $651.34 +1.00%0.3%1221 × 76140 596 / 8 176+4
2025-04-07 MonIWM CALL 18709:4410:1430$0.05 → $3.82×76.4$172.19 → $190.25 +10.49%8.6%199 × 274144 / 1 815+19
2026-06-09 TueQQQ CALL 70615:4916:0516$0.05 → $3.65×73.0$701.90 → $709.77 +1.12%0.6%555 × 15317 207 / 5 007+5
2025-04-09 WedQQQ CALL 45713:2113:3615$0.05 → $3.60×72.0$435.51 → $454.84 +4.44%4.9%0 × 1368 / 347+11
2026-03-09 MonIWM CALL 25115:1915:4021$0.05 → $3.48×69.6$249.77 → $254.52 +1.90%0.5%396 × 1881 307 / 10 541+4
2024-12-18 WedQQQ PUT 51915:1515:4530$0.05 → $3.37×67.4$524.61 → $515.69 -1.70%1.1%951 × 862 511 / 11 856+1
2024-12-18 WedQQQ PUT 51715:5516:0914$0.06 → $3.95×65.8$521.10 → $512.92 -1.57%0.8%194 × 1027 678 / 2 034+1
2024-05-31 FriSPY CALL 52415:3516:0530$0.06 → $3.80×63.3$522.47 → $527.93 +1.04%0.3%2884 × 189154 156 / 37 474+3
2026-06-11 ThuQQQ CALL 71013:1913:4526$0.06 → $3.66×61.0$697.77 → $712.00 +2.04%1.8%600 × 6757 860 / 37 165+15
2025-03-04 TueQQQ PUT 49715:2415:5329$0.05 → $3.03×60.6$503.35 → $493.99 -1.86%1.3%2118 × 13 522 / 14 615+9
2024-12-18 WedQQQ PUT 52015:2215:4523$0.07 → $4.24×60.6$524.96 → $515.69 -1.77%0.9%160 × 1086 647 / 16 928+2
2024-05-01 WedQQQ PUT 42515:2815:5830$0.05 → $3.00×60.0$429.15 → $421.96 -1.68%1.0%706 × 699 622 / 16 988+8
2026-06-05 FriQQQ PUT 70415:5116:1322$0.05 → $2.99×59.8$709.08 → $700.85 -1.16%0.7%86 × 18418 365 / 4 223+2
2025-04-07 MonIWM CALL 18909:5310:1421$0.05 → $2.98×59.6$175.23 → $190.25 +8.57%7.9%222 × 414395 / 6 566—
2026-03-19 ThuIWM CALL 24714:4215:1230$0.05 → $2.86×57.2$245.17 → $249.88 +1.92%0.7%1184 × 5335 656 / 14 548—
2025-04-07 MonSPY CALL 52809:4710:1730$0.08 → $4.39×54.9$485.80 → $521.23 +7.29%8.7%657 × 47695 / 1 062+47
2026-03-26 ThuQQQ CALL 57516:0416:128$0.06 → $3.16×52.7$573.33 → $578.80 +0.95%0.3%71 × 62827 487 / 6 771+3
2025-04-07 MonIWM CALL 19009:5910:1415$0.05 → $2.60×52.0$177.00 → $190.25 +7.49%7.3%598 × 413849 / 5 133—
2026-03-19 ThuSPY CALL 66014:5115:0716$0.06 → $3.12×52.0$656.36 → $662.65 +0.96%0.6%3594 × 133720 882 / 44 246+5
2026-06-25 ThuQQQ CALL 71715:5116:0211$0.05 → $2.60×52.0$713.60 → $719.71 +0.86%0.5%300 × 31217 831 / 7 615+4
2026-10-08 ThuQQQ PUT 74812:3713:0730$0.05 → $2.60×52.0$753.73 → $746.45 -0.97%0.8%1415 × 12662 599 / 42 225+8
2026-06-11 ThuQQQ CALL 71213:1513:4530$0.05 → $2.51×50.2$699.00 → $712.00 +1.86%1.9%649 × 3853 462 / 17 777+1
2026-01-21 WedIWM CALL 26614:2314:4724$0.05 → $2.47×49.4$264.66 → $268.49 +1.45%0.5%464 × 8121 960 / 10 231+1
2024-12-18 WedQQQ PUT 51515:5316:0613$0.05 → $2.46×49.2$520.58 → $512.39 -1.57%1.1%1148 × 29516 796 / 3 409+2
2026-03-19 ThuQQQ CALL 59314:4315:0724$0.06 → $2.94×49.0$589.62 → $595.48 +0.99%0.6%1297 × 39113 360 / 18 627—
2026-06-11 ThuSPY CALL 73513:2113:4524$0.05 → $2.44×48.8$725.77 → $736.21 +1.44%1.3%2245 × 318618 517 / 65 559+11
2025-10-10 FriIWM PUT 24310:3811:0325$0.05 → $2.42×48.4$246.10 → $241.61 -1.82%1.3%1513 × 16499 269 / 7 132+1
2023-12-20 WedQQQ PUT 40714:3215:0230$0.05 → $2.41×48.2$408.85 → $404.59 -1.04%0.5%7342 × 94978 827 / 40 061—
2026-03-19 ThuSPY CALL 66114:3815:0729$0.05 → $2.41×48.2$656.62 → $662.65 +0.92%0.7%4575 × 404517 719 / 35 897—
2024-12-18 WedQQQ PUT 51615:3416:0430$0.05 → $2.39×47.8$521.05 → $513.63 -1.42%1.0%1238 × 60504 / 6 013+1
2023-12-20 WedSPY PUT 47214:3715:0730$0.05 → $2.35×47.0$474.15 → $469.67 -0.95%0.5%3127 × 30934 704 / 64 971+1
2025-02-28 FriSPY CALL 59215:3615:5923$0.05 → $2.34×46.8$588.05 → $594.38 +1.08%0.7%1982 × 70111 397 / 30 735+6
2026-03-26 ThuSPY CALL 64815:4616:1226$0.05 → $2.34×46.8$645.39 → $651.34 +0.92%0.4%3141 × 135049 799 / 11 905+1
2025-03-03 MonQQQ PUT 49814:4315:1330$0.05 → $2.33×46.6$505.40 → $496.58 -1.75%1.5%1660 × 10261 584 / 17 658+10
2026-01-21 WedQQQ CALL 61314:2214:5129$0.14 → $6.51×46.5$610.58 → $619.60 +1.48%0.4%224 × 29114 987 / 16 487+5
2024-05-31 FriQQQ CALL 44915:3216:0230$0.06 → $2.75×45.8$447.09 → $451.84 +1.06%0.4%714 × 5642 982 / 17 372+4
2026-05-15 FriQQQ PUT 70915:4216:1230$0.06 → $2.73×45.5$711.43 → $706.06 -0.76%0.3%302 × 30020 529 / 16 138+4
2023-12-20 WedQQQ PUT 40614:3915:0930$0.05 → $2.27×45.4$408.11 → $403.77 -1.06%0.5%5808 × 81834 027 / 24 483—
2023-12-20 WedSPY PUT 47314:2814:5426$0.05 → $2.25×45.0$474.64 → $470.85 -0.80%0.3%5640 × 97017 907 / 77 339+2
2026-03-19 ThuQQQ CALL 59414:3815:0729$0.05 → $2.25×45.0$589.72 → $595.48 +0.98%0.7%327 × 95786 066 / 15 331+1
2026-06-09 TueQQQ CALL 70715:4116:0524$0.06 → $2.69×44.8$701.68 → $709.77 +1.15%0.8%14 × 8020 338 / 10 041+1
2026-06-11 ThuIWM CALL 28813:1913:4526$0.05 → $2.24×44.8$284.39 → $289.94 +1.95%1.3%215 × 14594 808 / 11 419+4
2024-04-04 ThuQQQ PUT 44214:0414:3329$0.05 → $2.16×43.2$445.10 → $440.06 -1.13%0.7%1329 × 5021 538 / 40 705+4
2025-05-21 WedSPY PUT 58513:0513:3126$0.05 → $2.16×43.2$591.40 → $584.26 -1.21%1.1%3591 × 13857 691 / 68 772+5
2025-07-30 WedSPY CALL 63515:4416:1430$0.07 → $2.99×42.7$631.90 → $638.10 +0.98%0.5%1320 × 33828 837 / 20 341+4
2026-03-31 TueQQQ CALL 57612:1312:4330$0.05 → $2.08×41.6$566.96 → $574.87 +1.40%1.6%938 × 1329161 / 5 764+10
2025-07-30 WedQQQ CALL 57015:4416:1430$0.07 → $2.88×41.1$566.04 → $572.89 +1.21%0.7%819 × 6212 962 / 13 898+5
2024-04-04 ThuSPY PUT 51814:0414:3329$0.05 → $2.05×41.0$521.62 → $516.63 -0.96%0.7%1650 × 451511 742 / 81 551+2
2026-03-31 TueSPY CALL 65012:1312:4330$0.05 → $2.05×41.0$640.70 → $648.73 +1.25%1.5%1411 × 35741 635 / 19 351+10
2025-07-30 WedSPY CALL 63615:4916:1425$0.05 → $2.04×40.8$632.48 → $638.10 +0.89%0.6%3183 × 216311 622 / 14 939—
2026-10-08 ThuQQQ PUT 74712:3913:0728$0.05 → $2.04×40.8$753.32 → $746.45 -0.91%0.8%1185 × 12692 941 / 44 163+3
2024-07-25 ThuQQQ PUT 46015:3416:0430$0.07 → $2.83×40.4$463.12 → $457.11 -1.30%0.7%388 × 8566 276 / 14 486+6
2025-10-10 FriIWM PUT 24410:5611:2630$0.08 → $3.22×40.2$246.17 → $240.97 -2.11%0.9%215 × 17955 974 / 16 055+4
2026-03-26 ThuIWM CALL 24815:5216:1321$0.05 → $1.94×38.8$247.23 → $250.34 +1.26%0.3%112 × 38911 849 / 2 046—
2024-05-31 FriQQQ CALL 45015:4116:0524$0.05 → $1.93×38.6$448.04 → $452.09 +0.90%0.4%480 × 3177 776 / 98 158—
2026-03-31 TueIWM CALL 24712:1212:4230$0.05 → $1.91×38.2$243.41 → $248.27 +2.00%1.5%1430 × 344753 / 5 956+4
2023-12-20 WedIWM PUT 20014:3715:0730$0.06 → $2.29×38.2$200.93 → $197.71 -1.60%0.5%30 × 847501 / 10 091—
2026-03-19 ThuIWM CALL 24614:5115:1221$0.10 → $3.81×38.1$244.94 → $249.88 +2.02%0.4%269 × 1381 699 / 6 002+2
2025-01-14 TueQQQ CALL 50415:4016:0828$0.06 → $2.28×38.0$502.24 → $506.32 +0.81%0.3%246 × 13514 803 / 18 623+2
2025-05-07 WedQQQ CALL 48315:3315:4411$0.06 → $2.28×38.0$479.26 → $485.09 +1.22%0.8%620 × 90014 730 / 6 060+5
2026-06-11 ThuSPY CALL 73613:1513:4530$0.05 → $1.89×37.8$726.35 → $736.21 +1.36%1.3%1189 × 240216 077 / 38 987—
2025-05-21 WedSPY PUT 58713:0813:3123$0.09 → $3.40×37.8$591.48 → $584.26 -1.22%0.8%1211 × 8224 847 / 60 168+1
2026-06-24 WedQQQ CALL 71715:4316:0926$0.07 → $2.63×37.6$706.96 → $719.18 +1.73%1.4%231 × 1012 446 / 7 422+15
2026-04-21 TueQQQ CALL 64516:0816:135$0.06 → $2.24×37.3$643.41 → $647.30 +0.60%0.2%86 × 6519 289 / 2 896+2
2025-10-14 TueQQQ PUT 59915:2615:4620$0.06 → $2.23×37.2$602.11 → $596.84 -0.88%0.5%1234 × 9082 030 / 11 145+4
2026-01-21 WedSPY CALL 68414:0514:3530$0.05 → $1.84×36.8$680.53 → $685.43 +0.72%0.5%873 × 494617 806 / 34 151—
2026-01-21 WedSPY CALL 68214:2214:5129$0.17 → $6.24×36.7$680.19 → $688.30 +1.19%0.3%277 × 102524 845 / 31 091+4
2025-01-30 ThuIWM PUT 22915:1515:4530$0.05 → $1.80×36.0$229.67 → $227.13 -1.11%0.3%575 × 5002 735 / 5 582—
2026-03-19 ThuSPY CALL 66214:5815:079$0.05 → $1.80×36.0$657.93 → $662.65 +0.72%0.6%3827 × 22441 597 / 24 115+3
2024-05-31 FriSPY CALL 52515:4416:0521$0.08 → $2.87×35.9$523.63 → $527.93 +0.82%0.3%2409 × 193228 663 / 41 863—
2026-04-21 TueQQQ PUT 64515:3215:4513$0.07 → $2.48×35.4$647.77 → $642.75 -0.78%0.4%1068 × 68323 453 / 17 498+4
2025-03-03 MonSPY PUT 58314:4415:1329$0.05 → $1.77×35.4$589.88 → $582.35 -1.28%1.2%2222 × 10564 351 / 53 480+9
2026-03-31 TueQQQ CALL 57712:2512:4318$0.05 → $1.76×35.2$568.64 → $574.87 +1.10%1.5%1645 × 1301108 / 3 310—
2023-03-22 WedSPY PUT 39415:3016:0030$0.05 → $1.74×34.8$398.95 → $392.14 -1.71%1.2%4966 × 65214 823 / 35 377+6
2026-04-21 TueQQQ PUT 64415:2515:4520$0.05 → $1.74×34.8$647.40 → $642.75 -0.72%0.5%886 × 81413 126 / 12 344—
2024-07-12 FriQQQ PUT 49615:2615:5125$0.05 → $1.72×34.4$498.08 → $494.26 -0.77%0.4%704 × 7501 607 / 19 712+3
2026-06-25 ThuQQQ CALL 71815:4016:0222$0.05 → $1.72×34.4$713.71 → $719.71 +0.84%0.6%247 × 22712 332 / 6 963+1
2026-06-26 FriQQQ PUT 70815:4716:0720$0.07 → $2.40×34.3$711.72 → $705.57 -0.86%0.5%285 × 113—+6
2026-03-31 TueSPY CALL 65112:2512:4318$0.05 → $1.71×34.2$642.45 → $648.73 +0.98%1.3%2386 × 2814603 / 7 649—
2024-05-01 WedSPY PUT 50315:2815:5830$0.07 → $2.37×33.9$507.12 → $500.55 -1.30%0.8%1 × 102815 332 / 35 133+6

By weekday

DaySessions with a spikeShareSpikesMedian
Mon520 / 64880.2%2645×5.5
Tue449 / 56180.0%2648×5.5
Wed589 / 71482.5%3439×5.6
Thu433 / 52682.3%2913×5.8
Fri535 / 69976.5%3245×5.3

By distance from the price

At entrySpikesShareMedianBest
ITM3832.6%×4.5×14.0
0–0.25% OTM249316.7%×5.4×61.6
0.25–0.5% OTM265217.8%×5.5×111.6
0.5–1% OTM426728.7%×5.5×117.4
> 1% OTM509434.2%×5.8×240.0

By entry price

Ask paidSpikesShareMedianBest
< $0.0500.0%——
$0.05–0.10582239.1%×6.0×240.0
$0.10–0.25490332.9%×5.6×153.9
$0.25–0.50240816.2%×5.1×79.2
$0.50–1.0011928.0%×4.9×42.6
≥ $1.005653.8%×4.8×24.3

How fast

Entry to peakSpikesShareMedianBest
1–2 min550.4%×5.0×15.6
3–5 min2351.6%×5.1×37.3
6–10 min7244.9%×5.3×77.4
11–20 min286019.2%×5.4×203.3
21–60 min1101674.0%×5.6×240.0

Volume known for 835 spikes: median 4 955 contracts in the 30 minutes before the entry and 12 857 during the rise; 0.2% started from no trades at all in the previous half hour.

Method, sources and limits

Source: the verified minute NBBO archive of the daily Call + Put tests, QQQ, SPY and IWM, same-day expiries, 09:30–16:15 New York. For every contract, session, window (5, 15, 30, 60 minutes) and offered entry floor ($0.03/$0.05/$0.10/$0.25), the scan independently finds the largest ratio of a later minute's bid to an eligible earlier ask. Only rises of 200% or more are stored, the page filters from there. The entry minute's bid and ask sizes are shown as quoted; the calculation assumes the trade at the quoted prices. Contracts far from the price are not in the archive, so the tail of cheap lottery contracts is outside coverage.

Volume comes from the vendor's minute aggregates of the contract on that day, requested for the largest spikes only and cached. Snapshot built 2026-10-17 22:25 UTC · 2022-03-07 — 2026-10-16.