SPMB Options History — March 2023

In March 2023, SPMB traded between $21.46 and $22.38. ATM implied volatility averaged 40.5%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 30.8% (HV 20d: 9.7%). Max pain ranged from $19.00 to $27.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-28: Highest Volume — 40 contracts
  • 2023-03-21: Largest IV spike — 125.4% change
  • 2023-03-14: Highest IV Rank — 40.9%
  • 2023-03-02: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.95$21.46$22.38$21.55$22.18
Max Pain$23.64$19.00$27.00$19.00$22.00
ATM IV40.5%16.3%61.2%29.2%39.7%
Expected Move10.3%4.7%14.8%8.4%11.4%
HV 20d9.7%7.6%11.7%8.5%10.4%
HV 60d8.8%8.1%9.4%8.5%9.3%
IV Rank25.6%7.7%40.9%17.2%25.0%
IV Percentile68.1%15.5%93.3%51.6%70.2%
Term Structure-7.5%-29.8%22.0%-11.9%-16.6%
VWIV18.8%10.8%31.2%31.2%14.5%
Skew 25d1.5%-19.6%19.8%-6.2%1.0%
Skew 10d4.7%-9.3%60.6%-9.3%1.7%
Call IV 25d35.1%9.9%67.5%55.5%34.7%
Put IV 25d36.6%9.8%78.0%49.3%35.7%
Bid-Ask Spread %148.82128.23154.63142.47151.61
Gamma HHI0.210.180.290.200.24
Net GEX980-1.1K4.3K-1773.3K
Net DEX-34.2K-80.0K-5.5K-7.1K-77.3K
Net VEX-785-1.0K-593-810-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume304000
Total OI218.261194249217249

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$21.55$19.0029.2%8.4%8.5%17.2%0.0%-6.2%-11.9%-177-7.1K-8100.00142.47N/AN/A00111106
2023-03-02$21.46$19.0051.5%14.8%7.6%33.7%0.0%17.9%-29.8%-473-7.3K-7950.00141.54N/AN/A00111106
2023-03-03$21.63$19.0030.6%8.8%8.5%18.2%0.0%0.8%6.6%-38-9.9K-7800.00142.45N/AN/A00111106
2023-03-06$21.61$0.0044.5%8.0%8.2%28.6%31.2%0.9%-3.4%184-7.7K-7500.00151.17N/AN/A10111106
2023-03-07$21.57$27.0036.1%8.3%7.7%22.3%0.0%1.7%-2.9%-1-5.5K-7530.00151.55N/AN/A00112106
2023-03-08$21.55$27.0023.5%6.6%7.7%13.0%0.0%-14.2%-0.9%-558-8.9K-7450.00149.69N/AN/A00112106
2023-03-09$21.63$27.0041.4%6.8%7.8%26.3%0.0%12.7%9.2%-1.1K-22.0K-6870.00149.86N/AN/A00112106
2023-03-10$21.84$27.0060.0%8.5%8.7%40.0%0.0%-19.6%-3.2%-132-25.0K-7870.00152.38N/AN/A00112106
2023-03-13$22.07$27.0055.6%14.2%9.4%36.7%0.0%2.1%-9.6%551-28.4K-7970.00149.74N/AN/A10112106
2023-03-14$21.93$27.0061.2%10.2%9.6%40.9%0.0%0.8%-10.7%300-21.5K-7790.00154.63N/AN/A00112106
2023-03-15$22.13$27.0041.7%11.9%9.9%26.4%0.0%9.4%-8.9%295-35.9K-7360.00151.09N/AN/A00112106
2023-03-16$22.05$27.0039.1%11.2%10.0%24.6%0.0%0.8%-9.4%366-30.9K-7380.00150.43N/AN/A00112106
2023-03-17$22.26$27.0016.3%4.7%10.5%7.7%10.8%1.5%22.0%841-40.1K-7210.00148.46N/AN/A20112106
2023-03-20$22.09$22.0018.7%5.4%10.9%9.5%0.0%16.0%18.5%4.3K-10.7K-5930.00128.23N/AN/A0090104
2023-03-21$22.02$22.0042.2%12.1%10.2%26.9%0.0%19.8%-10.9%396-26.8K-6950.00151.72N/AN/A15090104
2023-03-22$22.27$22.0044.1%12.6%10.9%28.2%14.5%0.9%-27.1%2.9K-80.0K-6380.00147.53N/AN/A100105104
2023-03-23$22.37$22.0035.5%10.2%10.9%21.9%0.0%1.5%-11.9%2.1K-66.7K-8140.00151.40N/AN/A00115104
2023-03-24$22.38$22.0035.1%10.1%10.6%21.6%0.0%0.2%-12.1%1.9K-55.9K-7690.00151.32N/AN/A00105104
2023-03-27$22.12$22.0049.6%14.2%11.5%32.3%0.0%0.4%-15.0%483-42.9K-8150.00151.86N/AN/A00105104
2023-03-28$22.01$22.0045.7%13.1%11.7%29.5%0.0%-11.0%-13.9%534-39.4K-7800.00151.68N/AN/A400105104
2023-03-29$22.06$22.0051.2%14.7%10.8%33.5%0.0%-4.1%-15.2%3.1K-67.0K-1.0K0.00150.46N/AN/A00145104
2023-03-30$22.11$22.0038.9%11.1%10.6%24.4%0.0%2.1%-15.7%3.4K-69.0K-1.0K0.00151.68N/AN/A00145104
2023-03-31$22.18$22.0039.7%11.4%10.4%25.0%0.0%1.0%-16.6%3.3K-77.3K-1.0K0.00151.61N/AN/A00145104