SPXS Options History — March 2020

In March 2020, SPXS traded between $1393.00 and $2768.00. ATM implied volatility averaged 175.2%, placing in the 82.2% IV rank vs the trailing year. The 30-day expected move averaged 48.9%. IV traded above realized volatility by 12.4% (HV 20d: 162.8%). Max pain ranged from $1300.00 to $1500.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.15.

Notable Days

  • 2020-03-12: Highest Volume — 430 contracts
  • 2020-03-05: Largest IV spike — 43.4% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 65.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1898.50$1393.00$2768.00$1506.00$1589.00
Max Pain$1409.09$1300.00$1500.00$1300.00$1500.00
ATM IV175.2%90.2%228.3%100.7%156.3%
Expected Move48.9%25.8%65.4%28.9%44.8%
HV 20d162.8%95.0%230.1%95.8%219.4%
HV 60d99.4%59.0%137.1%59.1%137.1%
IV Rank82.2%49.7%100.0%57.0%65.6%
IV Percentile98.3%93.3%100.0%99.2%93.3%
Term Structure-26.2%-52.9%-6.0%-12.8%-6.0%
VWIV174.1%102.1%226.1%113.9%173.1%
Skew 25d-61.3%-92.7%-29.0%-54.3%-77.3%
Skew 10d-94.8%-136.5%-53.5%-105.4%-133.9%
Call IV 25d206.8%117.1%269.6%132.1%208.0%
Put IV 25d145.5%67.9%220.7%77.8%130.7%
Bid-Ask Spread %28.2410.5851.2951.2911.84
Gamma HHI0.080.070.110.100.07
Net GEX1.1M679.7K1.4M679.7K1.4M
Net DEX-134.9M-253.1M-35.5M-47.0M-102.9M
Net VEX-392.4K-452.2K-296.5K-296.5K-439.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.090.340.110.12
Total Volume295.409173430173328
Total OI1,545.8181,1361,9461,1361,946

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$1506.00$1300.00100.7%28.9%95.8%57.0%113.9%-54.3%-12.8%679.7K-47.0M-296.5K0.1151.29N/AN/A15617822314
2020-03-03$1531.00$1300.00111.9%32.1%95.0%64.7%121.9%-57.5%-16.4%762.8K-57.2M-312.6K0.1044.92N/AN/A25625874322
2020-03-04$1393.00$1300.0090.2%25.8%100.1%49.7%102.1%-49.2%-7.5%754.8K-35.5M-300.9K0.1939.81N/AN/A24747949327
2020-03-05$1518.00$1300.00129.3%31.8%102.9%76.8%113.0%-53.3%-16.1%1.0M-68.9M-364.9K0.1411.33N/AN/A258361,107324
2020-03-06$1609.00$1300.00139.1%35.5%103.8%83.7%129.0%-60.4%-9.2%1.1M-90.7M-390.0K0.0916.57N/AN/A315301,156320
2020-03-09$1888.00$1400.00199.2%44.5%115.8%100.0%161.6%-53.1%-30.5%1.2M-141.9M-398.8K0.1027.10N/AN/A263271,186334
2020-03-10$1703.00$1400.00168.5%41.8%123.6%83.0%150.2%-61.2%-25.3%1.2M-109.2M-382.5K0.1415.04N/AN/A259371,175344
2020-03-11$1889.00$1400.00162.1%46.5%126.6%79.4%163.1%-47.3%-33.4%1.3M-144.7M-402.7K0.1614.31N/AN/A206341,236350
2020-03-12$2365.00$1400.00198.3%56.8%144.1%99.5%158.2%-51.8%-52.3%1.1M-219.1M-401.9K0.1447.41N/AN/A378521,212365
2020-03-13$2028.00$1400.00216.1%61.9%158.9%100.0%211.5%-67.7%-52.9%1.0M-165.5M-388.4K0.1641.15N/AN/A211341,185375
2020-03-16$2268.00$1400.00220.7%63.3%161.1%100.0%219.3%-56.1%-39.4%1.1M-201.9M-408.9K0.1539.34N/AN/A246361,245378
2020-03-17$2011.00$1400.00221.9%63.6%169.9%100.0%226.1%-88.4%-45.7%1.1M-167.8M-393.7K0.1532.12N/AN/A257401,269390
2020-03-18$2404.00$1400.00228.3%65.4%177.2%100.0%223.1%-29.0%-30.0%1.4M-240.3M-423.3K0.1537.21N/AN/A295441,354392
2020-03-19$2156.00$1400.00212.9%61.0%184.6%92.6%214.7%-92.7%-31.3%1.2M-187.3M-397.6K0.3447.74N/AN/A187631,289416
2020-03-20$2462.00$1400.00191.4%54.9%188.1%82.4%176.8%-50.4%-16.0%839.6K-253.1M-396.0K0.1523.08N/AN/A297451,360442
2020-03-23$2768.00$1500.00176.4%50.6%189.6%75.2%163.6%-41.2%-11.6%967.0K-219.6M-412.1K0.2333.72N/AN/A184411,017258
2020-03-24$2060.00$1500.00176.3%50.5%222.2%75.2%186.1%-43.3%-38.5%991.1K-125.4M-414.7K0.2027.05N/AN/A227461,029274
2020-03-25$1775.00$1500.00197.3%56.6%230.1%85.2%205.4%-63.1%-42.9%982.2K-97.9M-419.3K0.1823.05N/AN/A331601,169291
2020-03-26$1660.00$1500.00194.5%55.8%228.9%83.9%209.2%-89.7%-29.4%997.9K-94.0M-422.9K0.1513.77N/AN/A298451,306289
2020-03-27$1649.00$1500.00195.3%56.0%225.4%84.2%213.1%-88.5%-21.1%1.1M-110.3M-452.2K0.1012.80N/AN/A263261,487301
2020-03-30$1535.00$1500.00167.8%48.1%219.2%71.1%194.3%-73.0%-7.9%1.2M-87.0M-412.8K0.1110.58N/AN/A226261,523306
2020-03-31$1589.00$1500.00156.3%44.8%219.4%65.6%173.1%-77.3%-6.0%1.4M-102.9M-439.7K0.1211.84N/AN/A294341,627319