Direxion Daily S&P 500 Bear 3X ETF (SPXS) Options History

Historical options analytics archive for SPXS with monthly max pain, implied volatility, gamma exposure, and put/call data.

167 months of complete options data available.

SPXS monthly aggregates over the last 6 months: ATM IV, max pain, net GEX, and put/call ratioAverage ATM IVAverage ATM IV40%45%50%55%60%65%25-1226-0126-0226-0326-0426-05MonthIVMonth-End Max PainMonth-End Max Pain$31$32$33$34$35$36$3725-1226-0126-0226-0326-0426-05MonthStrike ($)Month-End Net GEXMonth-End Net GEX$1.0M$1.5M$2.0M25-1226-0126-0226-0326-0426-05MonthGEXAverage P/C RatioAverage P/C Ratio0.200.250.300.350.400.450.5025-1226-0126-0226-0326-0426-05MonthP/C
Month-by-month aggregates from the SPXS daily snapshot archive. IV and P/C are averages across days in the month; max pain and net GEX are end-of-month values.

SPXS monthly aggregates

Month-by-month rollups derived from the daily snapshot archive for SPXS. Volatility and put/call columns are averages across trading days within the month; max pain, net GEX, and net DEX are the end-of-month values (last trading day of the month).

MonthDaysAvg ATM IVAvg IV RankEnd Max PainEnd Net GEXEnd Net DEXAvg P/C
2026-052045.3%14.2%$31.00$721.7K$57.6M0.51
2026-042051.7%19.2%$33.00$1.4M$6.5M0.40
2026-032265.3%30.0%$37.00$2.1M-$66.2M0.37
2026-021949.2%17.3%$34.00$2.3M-$33.2M0.18
2026-012037.9%8.3%$35.00$1.2M-$9.0M0.51
2025-122238.6%8.9%$35.00$1.7M-$11.2M0.34

2026

Jan | Feb | Mar | Apr | May

2025

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2024

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2023

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2022

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2021

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2020

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2019

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2018

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2017

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2016

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2015

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2014

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2013

Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

2012

Jul | Aug | Sep | Oct | Nov | Dec