SPMB Options History — January 2023

In January 2023, SPMB traded between $21.82 and $22.55. ATM implied volatility averaged 34.1%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 25.6% (HV 20d: 8.5%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-01-09: Highest Volume — 46 contracts
2023-01-04: Largest IV drop — 48.0% change
2023-01-03: Highest IV Rank — 32.4%
2023-01-03: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.32	$21.82	$22.55	$21.82	$22.43
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	34.1%	25.2%	48.4%	48.4%	43.0%
Expected Move	9.7%	7.2%	13.9%	13.9%	12.3%
HV 20d	8.5%	7.8%	9.2%	8.7%	7.8%
HV 60d	9.4%	9.1%	9.7%	9.3%	9.2%
IV Rank	21.5%	15.4%	32.4%	32.4%	27.4%
IV Percentile	64.6%	50.4%	81.0%	81.0%	78.6%
Term Structure	-15.1%	-54.2%	10.4%	-54.2%	-22.3%
VWIV	32.2%	9.6%	54.9%	54.9%	9.6%
Skew 25d	-4.5%	-49.9%	5.8%	-0.3%	-0.7%
Skew 10d	0.2%	-22.5%	16.9%	16.9%	-8.0%
Call IV 25d	32.2%	10.4%	83.4%	34.8%	37.9%
Put IV 25d	27.7%	9.6%	67.0%	34.5%	37.2%
Bid-Ask Spread %	144.84	109.13	155.47	134.29	147.28
Gamma HHI	0.32	0.23	0.59	0.24	0.29
Net GEX	3.2K	-2.6K	15.9K	-2.6K	301
Net DEX	-90.2K	-135.2K	-14.0K	-28.3K	-79.4K
Net VEX	-1.1K	-1.4K	-705	-1.2K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.45	0	46	0	0
Total OI	424.6	417	432	418	425

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-01-03	$21.82	$22.00	48.4%	13.9%	8.7%	32.4%	0.0%	-0.3%	-54.2%	-2.6K	-28.3K	-1.2K	134.29	N/A	N/A	0	164	254
2023-01-04	$21.94	$22.00	25.2%	7.2%	8.3%	15.4%	0.0%	-49.9%	-8.3%	-955	-14.0K	-1.4K	135.03	N/A	N/A	0	164	254
2023-01-05	$21.91	$22.00	25.3%	8.0%	8.3%	15.5%	0.0%	1.6%	-5.9%	-259	-19.9K	-1.3K	148.87	N/A	N/A	0	164	254
2023-01-06	$22.19	$22.00	25.9%	7.8%	8.7%	16.0%	0.0%	0.4%	-6.2%	2.2K	-86.3K	-1.0K	147.81	N/A	N/A	0	164	254
2023-01-09	$22.24	$22.00	37.3%	8.2%	8.6%	24.3%	0.0%	-5.0%	-19.0%	15.9K	-94.7K	-705	151.61	N/A	N/A	46	164	254
2023-01-10	$22.16	$22.00	32.4%	8.4%	8.5%	20.7%	0.0%	-4.3%	-19.9%	12.2K	-99.7K	-810	149.24	N/A	N/A	0	177	254
2023-01-11	$22.30	$22.00	29.8%	8.5%	8.8%	18.8%	0.0%	-15.5%	-16.2%	2.4K	-107.0K	-1.1K	148.88	N/A	N/A	0	177	254
2023-01-12	$22.46	$22.00	35.4%	10.1%	8.6%	22.9%	0.0%	-1.3%	-22.3%	3.1K	-118.7K	-1.1K	155.47	N/A	N/A	0	177	254
2023-01-13	$22.38	$22.00	30.9%	8.9%	8.6%	19.6%	0.0%	0.5%	-18.5%	3.9K	-114.2K	-1.1K	148.86	N/A	N/A	0	177	254
2023-01-17	$22.34	$22.00	37.4%	10.7%	8.6%	24.3%	54.9%	-0.0%	-25.4%	2.7K	-104.9K	-1.1K	154.38	N/A	N/A	2	177	254
2023-01-18	$22.55	$22.00	32.4%	9.3%	9.2%	20.7%	0.0%	-16.5%	0.2%	3.8K	-135.2K	-1.0K	154.50	N/A	N/A	0	178	254
2023-01-19	$22.49	$22.00	40.9%	11.7%	8.8%	25.9%	0.0%	-1.4%	-17.0%	4.0K	-123.1K	-1.0K	154.15	N/A	N/A	0	178	254
2023-01-20	$22.43	$22.00	40.2%	11.5%	8.4%	25.4%	0.0%	5.5%	-17.3%	1.7K	-130.3K	-1.0K	152.31	N/A	N/A	0	178	254
2023-01-23	$22.37	$22.00	33.2%	9.5%	8.5%	20.2%	0.0%	-0.7%	-16.5%	74	-64.2K	-1.2K	109.13	N/A	N/A	0	163	254
2023-01-24	$22.46	$22.00	37.8%	10.8%	8.6%	23.6%	0.0%	0.8%	-15.6%	3.0K	-107.4K	-935	146.32	N/A	N/A	0	163	254
2023-01-25	$22.54	$22.00	30.2%	8.7%	8.5%	18.0%	0.0%	5.8%	9.1%	4.7K	-114.3K	-910	145.00	N/A	N/A	0	163	254
2023-01-26	$22.51	$22.00	29.6%	8.5%	8.1%	17.5%	0.0%	-11.4%	10.4%	3.0K	-116.1K	-988	148.67	N/A	N/A	0	169	256
2023-01-27	$22.48	$22.00	35.6%	10.2%	8.0%	21.9%	0.0%	1.1%	-17.6%	2.6K	-111.0K	-975	146.02	N/A	N/A	0	169	256
2023-01-30	$22.38	$22.00	31.9%	9.1%	8.2%	19.2%	9.6%	1.2%	-20.0%	2.2K	-36.5K	-1.2K	119.00	N/A	N/A	1	169	256
2023-01-31	$22.43	$22.00	43.0%	12.3%	7.8%	27.4%	0.0%	-0.7%	-22.3%	301	-79.4K	-1.2K	147.28	N/A	N/A	0	169	256