SPMB Options History — March 2025

In March 2025, SPMB traded between $21.88 and $22.12. ATM implied volatility averaged 27.4%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 21.9% (HV 20d: 5.5%). Max pain ranged from $21.00 to $25.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.17.

Notable Days

  • 2025-03-06: Highest Volume — 554 contracts
  • 2025-03-14: Largest IV spike — 178.6% change
  • 2025-03-31: Highest IV Rank — 15.9%
  • 2025-03-14: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.97$21.88$22.12$22.12$22.05
Max Pain$21.90$21.00$25.00$25.00$22.00
ATM IV27.4%8.8%38.5%30.7%31.7%
Expected Move7.8%4.4%13.3%8.8%6.2%
HV 20d5.5%4.8%6.2%5.4%5.2%
HV 60d5.7%5.3%6.1%5.8%5.5%
IV Rank9.3%0.0%15.9%5.5%15.9%
IV Percentile6.1%0.0%13.5%6.3%12.3%
Term Structure-4.4%-10.4%10.8%-8.8%-10.4%
VWIV15.4%12.0%22.2%22.2%12.0%
Skew 25d5.8%-18.8%19.0%-0.1%-5.4%
Skew 10d-2.5%-23.9%24.2%24.2%-3.8%
Call IV 25d22.2%10.5%41.3%40.9%18.7%
Put IV 25d28.0%10.8%40.8%40.8%13.3%
Bid-Ask Spread %148.29142.59153.82147.81147.52
Gamma HHI0.630.270.950.580.67
Net GEX-12.0K-57.5K28.2K9.1K28.2K
Net DEX40.9K-168.2K324.8K-42.6K-158.0K
Net VEX-657-1.1K-216-216-589
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.000.670.000.67
Total Volume47.9520554340
Total OI730.8572691,151269512

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$22.12$25.0030.7%8.8%5.4%5.5%0.0%-0.1%-8.8%9.1K-42.6K-2160.00147.81N/AN/A0342681
2025-03-04$22.01$25.0031.1%8.9%5.8%5.8%22.2%-18.8%-9.2%6.1K-22.7K-2330.00147.59N/AN/A03726835
2025-03-05$21.93$21.0032.0%9.2%6.0%6.5%0.0%0.2%-3.9%2067.9K-2180.00145.66N/AN/A0026872
2025-03-06$21.94$21.0034.5%9.9%5.7%8.4%12.1%0.6%-3.8%1.7K3.6K-2700.00146.22N/AN/A055426872
2025-03-07$21.91$21.0035.0%10.0%5.7%8.8%0.0%0.1%-2.5%-52.9K324.8K-1.0K0.00146.03N/AN/A00268626
2025-03-10$22.04$21.0038.5%11.0%5.9%11.5%0.0%0.5%-4.4%-49.2K290.5K-9080.00146.04N/AN/A00268626
2025-03-11$21.95$21.0023.4%11.6%6.2%0.0%0.0%0.6%-3.9%-54.0K308.1K-8570.00143.93N/AN/A00268626
2025-03-12$21.89$21.0023.7%12.0%6.2%0.3%0.0%-5.8%-4.7%-57.5K320.7K-8010.00146.82N/AN/A00268626
2025-03-13$21.95$21.008.8%4.4%5.9%0.0%0.0%0.4%10.1%-47.0K58.2K-2250.00142.76N/AN/A490268626
2025-03-14$21.89$21.0024.4%13.3%5.8%10.9%0.0%10.9%-4.4%-52.3K294.5K-8650.00146.16N/AN/A2080317626
2025-03-17$21.92$22.0025.0%5.7%5.6%11.3%0.0%10.8%-5.0%-34.1K150.7K-1.1K0.00153.56N/AN/A00525626
2025-03-18$21.95$22.0024.9%5.6%5.3%11.2%0.0%0.8%-4.8%-34.9K136.3K-9820.00153.79N/AN/A00525626
2025-03-19$22.01$22.0025.3%5.7%5.4%11.5%0.0%13.0%-4.9%-30.5K118.3K-9560.00152.95N/AN/A00525626
2025-03-20$22.04$22.0017.5%5.7%5.3%6.1%0.0%18.3%10.8%-33.6K23.1K-7420.00153.82N/AN/A00525626
2025-03-21$22.02$22.0025.7%5.7%5.1%11.8%0.0%12.7%-5.8%25.8K-167.9K-6370.00153.09N/AN/A20525626
2025-03-24$21.91$22.0027.3%5.7%5.4%12.9%0.0%14.2%-7.6%24.9K-150.0K-5610.67142.59N/AN/A614135435
2025-03-25$21.94$22.0027.9%5.9%4.9%13.3%12.0%16.2%-6.7%25.5K-165.5K-6570.00148.68N/AN/A02141576
2025-03-26$21.91$22.0028.5%5.9%4.8%13.7%0.0%17.5%-7.3%23.8K-154.2K-6480.00150.62N/AN/A0041597
2025-03-27$21.88$22.0029.2%6.0%4.8%14.2%0.0%19.0%-7.9%23.4K-149.1K-6330.00150.82N/AN/A0041597
2025-03-28$22.02$22.0029.9%6.0%5.1%14.7%0.0%15.6%-8.2%25.5K-168.2K-6550.00147.55N/AN/A0041597
2025-03-31$22.05$22.0031.7%6.2%5.2%15.9%0.0%-5.4%-10.4%28.2K-158.0K-5890.00147.52N/AN/A0041597