Invesco S&P 500 GARP ETF (SPGP) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
Invesco S&P 500 GARP ETF (SPGP) operates in the Financial Services sector, specifically the Asset Management - Global industry, with a market capitalization near $2.19B, listed on AMEX, carrying a beta of 0.98 to the broader market. The Invesco S&P 500 GARP ETF is designed to track the S&P 500 Growth at a Reasonable Price Index. public since 2011-06-16.
Snapshot as of Jun 29, 2026.
- Spot Price
- $122.32
- Total OI
- 69
- Total Volume
- 4
- Front Expiration
- 18 days
- Second Expiration
- 53 days
- ATM IV
- 17.1%
- Avg Bid/Ask Spread
- 75.06%
As of Jun 29, 2026, Invesco S&P 500 GARP ETF (SPGP) has 69 open contracts and 4 contracts traded. The nearest expiration is 18 days out, followed by 53 days. ATM implied volatility is 17.1%. Average bid/ask spread across the chain is 75.06%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How SPGP options chain Data Feeds Strategy Selection
Strategy selection on Invesco S&P 500 GARP ETF options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 17.1% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the SPGP chain depth
The listed-expirations table above shows every expiration available for Invesco S&P 500 GARP ETF options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. SPGP front expiration sits at 18 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.001 means longer-dated tenors price in proportionally more IV.
SPGP chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the SPGP chain is 75.06% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the SPGP chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. SPGP's current 4.90% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
SPGP listed expirations
Per-expiration ATM implied volatility for SPGP options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Jul 17, 2026 | 18 | 17.1% |
| Aug 21, 2026 | 53 | 17.2% |
| Sep 18, 2026 | 81 | 17.9% |
| Dec 18, 2026 | 172 | 18.7% |
Frequently asked SPGP options chain questions
- What does the SPGP options chain show right now?
- As of Jun 29, 2026, Invesco S&P 500 GARP ETF (SPGP) has 69 contracts outstanding and 4 traded today, with ATM IV of 17.1%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for SPGP options?
- The nearest expiration is 18 days out, followed by 53 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are SPGP options bid/ask spreads?
- Average bid/ask spread across the chain is 75.06%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.