SPMB Options History — November 2025

In November 2025, SPMB traded between $22.43 and $22.64. ATM implied volatility averaged 27.5%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 23.8% (HV 20d: 3.7%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 1 of 19 days.

Notable Days

  • 2025-11-25: Largest IV spike — 64.3% change
  • 2025-11-11: Highest IV Rank — 22.3%
  • 2025-11-26: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.51$22.43$22.64$22.46$22.62
Max Pain$27.00$27.00$27.00$27.00$27.00
ATM IV27.5%17.2%40.3%26.1%22.6%
Expected Move7.2%4.9%8.3%7.5%6.5%
HV 20d3.7%3.0%4.0%3.9%3.0%
HV 60d4.0%3.6%4.2%4.2%3.6%
IV Rank13.2%6.0%22.3%12.3%9.8%
IV Percentile32.9%0.4%66.3%27.8%2.0%
Term Structure-7.4%-12.3%14.4%-10.5%-9.0%
Skew 25d0.9%-17.9%17.4%-4.5%0.3%
Skew 10d4.5%1.9%21.3%2.6%2.4%
Call IV 25d30.9%16.0%40.5%39.5%36.1%
Put IV 25d31.8%13.3%38.4%34.9%36.4%
Bid-Ask Spread %150.90146.53152.26151.08150.87
Gamma HHI1.001.001.001.001.00
Net GEX44088850
Net DEX-120-2570-2490
Net VEX-1-20-20
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI8.684011110

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$22.46$27.0026.1%7.5%3.9%12.3%0.0%-4.5%-10.5%85-249-20.00151.08N/AN/A00110
2025-11-04$22.49$27.0027.5%7.9%3.9%13.2%0.0%-5.0%-12.3%88-257-20.00150.51N/AN/A00110
2025-11-05$22.43$27.0027.8%8.0%4.0%13.4%0.0%-1.9%-12.2%11-1800.00149.80N/AN/A00110
2025-11-06$22.49$0.0029.2%6.7%4.0%14.5%0.0%0.8%-7.3%86-248-10.00152.26N/AN/A00110
2025-11-07$22.51$0.0035.5%6.6%3.8%18.9%0.0%0.9%-6.9%73-199-10.00151.33N/AN/A00110
2025-11-10$22.49$0.0034.2%7.0%3.8%17.9%0.0%0.8%-8.1%74-202-10.00152.16N/AN/A00110
2025-11-11$22.55$0.0040.3%6.8%3.9%22.3%0.0%0.6%-7.1%71-190-10.00152.07N/AN/A00110
2025-11-12$22.52$0.0024.9%7.2%4.0%11.4%0.0%0.6%-8.9%67-176-10.00151.16N/AN/A00110
2025-11-13$22.48$0.0024.0%6.9%3.7%10.8%0.0%0.6%-7.1%71-195-10.00151.42N/AN/A00110
2025-11-14$22.45$0.0024.9%7.1%3.7%11.4%0.0%0.5%-9.6%58-148-10.00151.16N/AN/A00110
2025-11-17$22.45$0.0025.5%7.3%3.7%11.9%0.0%15.6%-9.0%1-100.00151.44N/AN/A00110
2025-11-18$22.46$0.0025.4%7.3%3.6%11.8%0.0%-17.9%-8.3%52-13000.00146.53N/AN/A00110
2025-11-19$22.45$0.0025.9%7.4%3.6%12.1%0.0%0.4%-8.7%53-13200.00151.45N/AN/A00110
2025-11-20$22.48$0.0026.8%7.7%3.5%12.7%0.0%0.4%-7.5%53-13000.00151.44N/AN/A00110
2025-11-21$22.55$0.0026.7%7.6%3.6%12.6%0.0%17.4%-6.6%0000.00151.08N/AN/A00110
2025-11-24$22.57$0.0017.2%4.9%3.6%6.0%0.0%5.9%14.4%0000.00149.20N/AN/A0000
2025-11-25$22.63$0.0028.3%8.1%3.7%13.8%0.0%0.7%-7.7%0000.00151.03N/AN/A0000
2025-11-26$22.64$0.0028.9%8.3%3.0%14.2%0.0%0.3%-8.9%0000.00151.18N/AN/A0000
2025-11-28$22.62$0.0022.6%6.5%3.0%9.8%0.0%0.3%-9.0%0000.00150.87N/AN/A0000