SPXS Options History — February 2022

In February 2022, SPXS traded between $179.90 and $225.30. ATM implied volatility averaged 70.5%, placing in the 64.5% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded above realized volatility by 8.5% (HV 20d: 61.9%). Max pain ranged from $170.00 to $180.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.22.

Notable Days

  • 2022-02-11: Highest Volume — 2,009 contracts
  • 2022-02-03: Largest IV spike — 22.7% change
  • 2022-02-23: Highest IV Rank — 80.7%
  • 2022-02-23: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.64$179.90$225.30$185.60$205.70
Max Pain$173.68$170.00$180.00$170.00$180.00
ATM IV70.5%55.4%88.1%61.1%87.6%
Expected Move20.3%15.9%25.2%17.5%25.1%
HV 20d61.9%53.2%71.4%53.2%70.4%
HV 60d52.7%47.6%56.8%47.6%56.8%
IV Rank64.5%50.6%80.7%55.8%80.3%
IV Percentile91.8%81.3%99.2%87.7%98.8%
Term Structure-1.0%-6.5%3.0%1.2%-6.5%
VWIV73.5%59.8%90.5%65.9%90.5%
Skew 25d-29.7%-40.6%-20.5%-20.5%-29.5%
Skew 10d-51.5%-64.7%-36.5%-38.5%-56.3%
Call IV 25d89.6%67.9%105.9%71.1%104.4%
Put IV 25d59.9%45.6%75.3%50.5%74.9%
Bid-Ask Spread %26.307.8842.287.8842.28
Gamma HHI0.150.090.320.100.09
Net GEX933.0K555.5K1.7M578.4K791.2K
Net DEX-46.8M-67.2M-27.6M-32.9M-47.6M
Net VEX-177.6K-190.5K-167.2K-173.9K-185.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.110.450.300.18
Total Volume1,303.4747202,0097941,064
Total OI7,927.1585,7609,7557,3116,729

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$185.60$170.0061.1%17.5%53.2%55.8%65.9%-20.5%1.2%578.4K-32.9M-173.9K0.307.88N/AN/A6121824,8412,470
2022-02-02$180.00$170.0055.4%15.9%54.7%50.6%59.8%-22.2%-0.6%555.5K-27.6M-169.3K0.4512.14N/AN/A6272814,9922,529
2022-02-03$192.70$170.0068.0%19.2%56.9%62.2%70.5%-32.5%0.6%812.7K-44.3M-178.6K0.227.91N/AN/A9132005,2782,578
2022-02-04$187.80$170.0061.6%18.0%58.0%56.3%64.5%-31.1%3.0%703.8K-37.6M-177.2K0.3426.37N/AN/A8712965,1132,600
2022-02-07$192.00$180.0061.8%17.6%58.3%56.5%66.4%-29.0%0.8%821.6K-43.3M-167.2K0.2724.30N/AN/A5651555,2832,685
2022-02-08$188.10$180.0057.1%17.5%58.8%52.2%62.6%-25.7%1.7%821.8K-36.7M-169.6K0.208.97N/AN/A7101445,3872,727
2022-02-09$179.90$180.0055.4%15.9%59.8%50.7%60.0%-25.1%2.8%853.6K-30.3M-169.0K0.1821.82N/AN/A9701705,8062,745
2022-02-10$190.10$170.0067.1%19.2%62.2%61.4%63.3%-33.5%0.4%1.2M-48.4M-180.8K0.1840.49N/AN/A1,0781916,1572,756
2022-02-11$199.60$170.0078.6%22.5%63.0%72.0%81.1%-40.6%-1.8%1.2M-60.8M-186.7K0.1522.61N/AN/A1,7472626,0732,767
2022-02-14$202.30$170.0078.2%22.4%63.1%71.7%81.4%-37.3%-1.7%1.1M-58.1M-174.7K0.2226.85N/AN/A1,3983075,8142,883
2022-02-15$194.30$170.0066.9%19.2%62.5%61.2%70.8%-30.6%0.0%1.1M-48.2M-168.9K0.2115.60N/AN/A9201986,0602,935
2022-02-16$190.50$170.0063.6%18.2%62.9%58.2%68.6%-28.4%0.7%1.2M-44.7M-168.3K0.1940.53N/AN/A9981906,4802,982
2022-02-17$201.80$170.0073.7%21.1%65.1%67.5%76.1%-32.1%-3.5%1.7M-64.1M-182.5K0.1834.47N/AN/A1,4992766,7433,002
2022-02-18$206.10$170.0078.6%22.5%61.9%72.0%77.9%-33.7%-1.4%1.5M-67.2M-179.4K0.1513.00N/AN/A1,6972606,6563,099
2022-02-22$213.30$170.0081.0%23.2%62.6%74.2%82.6%-28.2%-4.5%653.5K-47.3M-182.2K0.1138.78N/AN/A1,6871874,1851,575
2022-02-23$225.30$180.0088.1%25.2%65.4%80.7%85.8%-27.2%-4.5%669.1K-56.7M-185.9K0.2037.99N/AN/A9471914,3461,647
2022-02-24$217.90$180.0082.7%23.7%66.2%75.8%88.9%-29.6%-4.5%696.0K-52.7M-190.5K0.1739.85N/AN/A1,5232644,4741,748
2022-02-25$202.20$180.0072.4%20.8%71.4%66.3%79.0%-27.0%-1.7%657.3K-40.4M-183.9K0.3137.83N/AN/A9072794,6381,833
2022-02-28$205.70$180.0087.6%25.1%70.4%80.3%90.5%-29.5%-6.5%791.2K-47.6M-185.4K0.1842.28N/AN/A9031614,9601,769