SPMB Options History — March 2024

In March 2024, SPMB traded between $21.48 and $21.80. ATM implied volatility averaged 61.7%, placing in the 46.2% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 55.7% (HV 20d: 6.0%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 0 of 20 days.

Notable Days

  • 2024-03-18: Highest Volume — 45 contracts
  • 2024-03-13: Largest IV drop — 69.8% change
  • 2024-03-11: Highest IV Rank — 100.0%
  • 2024-03-28: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.66$21.48$21.80$21.59$21.71
Max Pain$21.00$21.00$21.00$21.00$21.00
ATM IV61.7%28.9%143.7%32.0%55.7%
Expected Move12.2%4.0%16.0%9.2%16.0%
HV 20d6.0%5.1%7.8%7.8%5.2%
HV 60d6.8%6.4%7.4%7.3%6.4%
IV Rank46.2%15.3%100.0%25.8%35.1%
IV Percentile81.5%14.7%100.0%27.4%90.5%
Term Structure-10.5%-17.0%-3.1%-12.7%-17.0%
Skew 25d-12.0%-55.0%2.2%-19.6%-37.7%
Skew 10d-7.7%-52.8%9.4%0.2%7.4%
Call IV 25d55.9%23.1%72.5%36.0%72.5%
Put IV 25d43.9%14.6%65.7%16.4%34.8%
Bid-Ask Spread %151.60144.54155.35144.54151.97
Gamma HHI0.520.490.580.500.50
Net GEX-48.1K-112.1K-38.3K-59.7K-42.6K
Net DEX761.8K649.3K853.5K744.2K781.2K
Net VEX-7.7K-8.8K-7.1K-8.8K-7.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume4.2504500
Total OI2,116.051,6982,4142,4091,778

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$21.59$21.0032.0%9.2%7.8%25.8%0.0%-19.6%-12.7%-59.7K744.2K-8.8K0.00144.54N/AN/A006431,766
2024-03-04$21.52$0.0045.3%4.0%7.0%40.1%0.0%2.2%-3.1%-112.1K649.3K-7.8K0.00154.67N/AN/A006431,766
2024-03-05$21.69$0.0051.1%8.6%7.0%46.4%0.0%1.0%-3.4%-57.8K717.0K-8.5K0.00149.73N/AN/A056431,766
2024-03-06$21.70$0.0084.2%11.4%6.6%82.1%0.0%2.1%-7.8%-48.4K761.0K-8.6K0.00150.32N/AN/A006431,771
2024-03-07$21.77$0.0088.3%11.4%6.6%86.5%0.0%2.1%-7.2%-45.5K736.1K-8.5K0.00154.03N/AN/A006431,771
2024-03-08$21.80$0.0093.3%11.6%6.6%92.0%0.0%-24.8%-7.4%-45.5K719.6K-8.4K0.00152.78N/AN/A006431,771
2024-03-11$21.80$0.00121.6%11.9%6.5%100.0%0.0%1.1%-8.2%-45.9K723.3K-8.1K0.00154.96N/AN/A006431,771
2024-03-12$21.73$0.00143.7%12.1%6.7%100.0%0.0%-6.0%-8.4%-45.7K765.1K-8.0K0.00148.80N/AN/A006431,771
2024-03-13$21.70$0.0043.4%12.4%5.6%26.0%0.0%1.0%-9.5%-46.5K778.5K-7.9K0.00154.91N/AN/A006431,771
2024-03-14$21.55$0.0044.1%12.7%6.0%26.6%0.0%-8.8%-9.2%-46.9K853.5K-7.7K0.00151.51N/AN/A006431,771
2024-03-15$21.52$0.0045.7%13.1%5.8%27.7%0.0%0.9%-10.4%-38.3K773.7K-7.4K0.00155.35N/AN/A006431,771
2024-03-18$21.48$0.0028.9%8.3%5.6%15.3%0.0%-29.0%-12.3%-38.8K790.3K-7.2K0.00145.16N/AN/A0453791,319
2024-03-19$21.56$0.0048.0%13.8%5.8%29.4%0.0%1.1%-11.9%-40.2K795.9K-7.3K0.00149.30N/AN/A003791,364
2024-03-20$21.63$0.0048.8%14.0%5.5%30.0%0.0%-10.5%-12.1%-40.5K774.7K-7.3K0.00152.03N/AN/A003791,364
2024-03-21$21.63$0.0048.6%13.9%5.5%29.8%0.0%0.5%-11.9%-40.6K774.4K-7.3K0.00155.19N/AN/A003791,364
2024-03-22$21.69$0.0049.4%14.2%5.2%30.4%0.0%0.6%-12.2%-40.8K757.5K-7.3K0.00152.24N/AN/A0353791,364
2024-03-25$21.66$0.0052.8%15.1%5.1%33.0%0.0%-25.4%-14.9%-42.5K796.4K-7.2K0.00150.81N/AN/A003791,399
2024-03-26$21.71$0.0053.9%15.4%5.1%33.7%0.0%-36.3%-15.4%-42.4K781.9K-7.1K0.00153.53N/AN/A003791,399
2024-03-27$21.76$0.0054.4%15.6%5.1%34.1%0.0%-55.0%-16.0%-42.2K762.3K-7.1K0.00150.11N/AN/A003791,399
2024-03-28$21.71$0.0055.7%16.0%5.2%35.1%0.0%-37.7%-17.0%-42.6K781.2K-7.1K0.00151.97N/AN/A003791,399