SPXS Options History — March 2021

In March 2021, SPXS traded between $312.40 and $373.90. ATM implied volatility averaged 52.3%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 4.6% (HV 20d: 47.7%). Max pain ranged from $40.00 to $310.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.11.

Notable Days

  • 2021-03-04: Highest Volume — 901 contracts
  • 2021-03-08: Largest IV spike — 12927.5% change
  • 2021-03-08: Highest IV Rank — 28.9%
  • 2021-03-04: Largest Expected Move — 22.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$331.34$312.40$373.90$336.90$312.40
Max Pain$126.52$40.00$310.00$40.00$300.00
ATM IV52.3%0.5%87.5%58.8%41.7%
Expected Move15.4%11.9%22.4%16.9%11.9%
HV 20d47.7%37.5%53.3%40.6%42.4%
HV 60d44.9%40.8%46.1%40.8%45.4%
IV Rank21.9%0.0%28.9%12.2%22.7%
IV Percentile15.9%0.0%73.8%22.6%0.8%
Term Structure-16.7%-66.2%14.2%-0.6%5.8%
VWIV58.0%45.2%81.6%63.8%45.2%
Skew 25d-22.5%-40.6%-12.4%-19.6%-17.1%
Skew 10d-37.3%-60.2%-21.8%-54.6%-35.3%
Call IV 25d69.3%52.2%103.4%71.1%53.3%
Put IV 25d46.8%36.3%62.8%51.5%36.3%
Bid-Ask Spread %43.8721.7064.5057.9838.59
Gamma HHI0.170.070.740.080.16
Net GEX743.8K334.4K2.6M372.0K793.7K
Net DEX-52.3M-75.0M-34.7M-57.3M-37.2M
Net VEX-87.4K-104.1K-71.4K-79.6K-95.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.020.450.070.25
Total Volume449.478234901234318
Total OI3,776.4352,6714,7473,4153,539

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$336.90$40.0058.8%16.9%40.6%12.2%63.8%-19.6%-0.6%372.0K-57.3M-79.6K0.0757.98N/AN/A218162,686729
2021-03-02$341.40$40.0062.1%17.8%38.2%13.9%64.4%-28.8%-4.3%424.4K-58.9M-81.1K0.0546.80N/AN/A269132,732734
2021-03-03$353.50$40.0070.5%0.0%37.5%18.3%65.5%-17.5%4.1%487.0K-66.0M-90.9K0.1035.47N/AN/A320322,821741
2021-03-04$373.90$50.0087.5%22.4%42.6%27.1%81.6%-40.6%-47.1%568.9K-75.0M-98.9K0.0959.25N/AN/A826752,891741
2021-03-05$349.50$50.000.5%17.4%48.7%0.0%71.8%-38.1%-53.6%529.5K-64.5M-85.7K0.0758.93N/AN/A651432,884760
2021-03-08$351.20$50.0066.4%19.0%48.3%28.9%70.6%-34.7%-66.2%559.0K-65.2M-89.1K0.1049.43N/AN/A291282,961773
2021-03-09$339.40$50.0063.5%16.6%49.5%27.7%62.5%-25.0%-57.9%545.6K-60.0M-84.7K0.0828.86N/AN/A371303,035783
2021-03-10$334.00$50.0055.3%15.9%49.8%24.1%56.6%-26.5%-51.9%574.0K-57.4M-81.1K0.0842.92N/AN/A250193,128783
2021-03-11$324.10$60.0055.8%16.0%50.7%24.3%65.3%-24.2%-15.7%413.0K-52.7M-74.5K0.0935.67N/AN/A336303,251794
2021-03-12$323.80$60.0051.1%14.7%50.7%22.2%54.8%-23.7%-48.3%646.8K-53.6M-78.7K0.1050.11N/AN/A304313,420797
2021-03-15$320.20$60.0053.1%15.2%50.7%23.1%59.4%-15.1%-14.6%593.3K-51.5M-71.4K0.0842.67N/AN/A253203,462814
2021-03-16$317.80$60.0047.7%13.7%50.7%20.7%50.8%-13.7%-44.5%505.0K-49.2M-71.7K0.0730.02N/AN/A426293,554816
2021-03-17$316.80$60.0049.3%14.1%50.7%21.4%47.8%-19.3%-44.0%720.7K-51.2M-74.5K0.0446.93N/AN/A768303,765806
2021-03-18$330.00$60.0058.8%16.9%52.9%25.6%59.5%-24.5%3.0%1.4M-63.0M-91.2K0.0835.81N/AN/A553443,939808
2021-03-19$326.90$60.0050.7%14.5%52.9%23.6%54.5%-21.4%8.2%2.6M-58.2M-87.3K0.0943.39N/AN/A341303,911817
2021-03-22$323.20$60.0046.1%13.2%52.3%23.2%47.3%-19.0%14.2%334.4K-34.7M-81.2K0.4564.50N/AN/A194872,030641
2021-03-23$331.60$250.0051.4%14.7%53.3%25.9%54.2%-24.4%5.4%389.8K-39.0M-90.6K0.1025.47N/AN/A579562,114718
2021-03-24$332.40$300.0050.1%14.4%52.5%25.2%53.5%-23.9%4.5%642.1K-43.4M-97.2K0.0321.70N/AN/A719192,399760
2021-03-25$329.40$300.0047.2%13.5%46.5%23.7%48.2%-15.7%7.9%985.6K-44.5M-100.9K0.1758.37N/AN/A281472,688785
2021-03-26$320.60$310.0043.0%12.3%47.2%21.8%48.6%-12.4%9.7%993.4K-39.0M-97.5K0.1329.40N/AN/A334442,759799
2021-03-29$314.50$300.0044.2%12.7%44.8%22.4%52.3%-17.8%4.3%962.7K-39.4M-102.8K0.2646.40N/AN/A305782,916767
2021-03-30$317.40$300.0049.1%14.1%44.6%26.8%54.9%-15.4%-3.9%1.1M-42.0M-104.1K0.0260.22N/AN/A618123,003804
2021-03-31$312.40$300.0041.7%11.9%42.4%22.7%45.2%-17.1%5.8%793.7K-37.2M-95.0K0.2538.59N/AN/A254642,727812