SPXS Options History — March 2022

In March 2022, SPXS traded between $165.30 and $229.50. ATM implied volatility averaged 72.4%, placing in the 66.2% IV rank vs the trailing year. The 30-day expected move averaged 21.7%. IV traded below realized volatility by 0.2% (HV 20d: 72.6%). Max pain ranged from $150.00 to $190.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.13.

Notable Days

  • 2022-03-16: Highest Volume — 2,171 contracts
  • 2022-03-07: Largest IV spike — 14.1% change
  • 2022-03-07: Highest IV Rank — 94.1%
  • 2022-03-08: Largest Expected Move — 30.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.85$165.30$229.50$213.90$173.10
Max Pain$168.64$150.00$190.00$180.00$150.00
ATM IV72.4%47.1%102.6%97.1%49.5%
Expected Move21.7%15.2%30.8%27.8%15.8%
HV 20d72.6%65.7%79.4%66.9%65.7%
HV 60d61.0%56.3%64.0%57.0%64.0%
IV Rank66.2%42.8%94.1%89.1%45.0%
IV Percentile85.5%62.3%99.6%99.2%67.1%
Term Structure0.7%-10.5%7.0%-10.5%5.6%
VWIV79.1%55.9%104.8%101.1%59.8%
Skew 25d-27.4%-38.3%-13.9%-34.7%-15.7%
Skew 10d-46.3%-65.3%-17.0%-65.1%-24.6%
Call IV 25d88.5%55.5%119.2%119.2%60.9%
Put IV 25d61.1%40.5%84.4%84.4%45.1%
Bid-Ask Spread %25.6513.4943.7113.4919.97
Gamma HHI0.130.090.210.100.14
Net GEX1.1M744.9K1.5M835.3K1.5M
Net DEX-47.4M-76.9M-21.9M-55.0M-36.3M
Net VEX-187.1K-213.2K-157.5K-194.9K-181.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.100.180.160.14
Total Volume1,448.5221,0572,1711,0771,213
Total OI8,161.4786,63710,1596,9129,734

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$213.90$180.0097.1%27.8%66.9%89.1%101.1%-34.7%-10.5%835.3K-55.0M-194.9K0.1613.49N/AN/A9301475,1151,797
2022-03-02$198.70$180.0083.9%24.0%71.4%76.9%89.2%-37.6%-1.3%767.3K-41.6M-185.8K0.1838.66N/AN/A1,0781905,1201,816
2022-03-03$205.20$180.0091.0%26.1%70.9%83.5%91.5%-36.6%-3.0%1.1M-54.0M-196.1K0.1038.52N/AN/A1,1041155,7581,793
2022-03-04$210.00$180.0090.0%25.8%67.4%82.5%92.7%-38.3%-2.2%1.1M-62.5M-213.2K0.1038.06N/AN/A1,4321456,0131,802
2022-03-07$224.70$180.00102.6%29.4%70.0%94.1%103.1%-35.7%-4.4%1.1M-73.6M-208.4K0.1340.15N/AN/A1,6602105,8141,852
2022-03-08$229.50$190.0094.1%30.8%70.0%86.3%104.8%-34.9%-4.7%1.1M-72.4M-201.9K0.1341.76N/AN/A1,7752315,7461,930
2022-03-09$211.10$190.0083.8%26.7%76.8%76.7%97.6%-34.4%-1.5%1.1M-53.4M-192.6K0.1040.98N/AN/A1,7701805,8201,968
2022-03-10$217.00$190.0084.9%26.3%74.7%77.8%89.7%-32.4%-2.3%1.4M-65.8M-201.5K0.1221.22N/AN/A1,3921656,2491,979
2022-03-11$223.00$190.0082.5%25.5%73.1%75.5%88.6%-29.9%0.2%1.4M-72.3M-198.0K0.1743.71N/AN/A9431626,2832,029
2022-03-14$229.40$150.0089.1%24.9%71.9%81.6%86.9%-29.8%-2.1%1.4M-76.9M-193.3K0.1517.15N/AN/A1,3372026,1532,045
2022-03-15$215.00$150.0079.6%23.3%76.2%72.8%84.5%-30.1%2.6%1.4M-61.1M-187.8K0.1331.11N/AN/A1,4521906,2512,055
2022-03-16$203.70$150.0070.1%21.3%77.4%64.1%80.9%-27.6%4.8%1.5M-49.5M-184.6K0.1025.02N/AN/A1,9652066,8472,084
2022-03-17$193.40$0.0064.6%19.3%79.4%58.9%72.4%-27.6%3.4%1.1M-37.3M-182.6K0.1417.66N/AN/A1,5812147,5082,107
2022-03-18$186.10$180.0064.5%19.1%77.6%58.9%65.5%-25.8%2.3%744.9K-28.8M-174.1K0.1816.52N/AN/A1,2382208,0552,104
2022-03-21$188.20$170.0065.6%18.9%77.3%59.9%68.9%-24.5%0.9%895.7K-35.0M-176.3K0.1618.66N/AN/A1,0721725,3041,333
2022-03-22$179.40$160.0058.1%17.3%77.3%52.9%70.3%-23.4%1.9%895.6K-30.0M-175.2K0.1218.77N/AN/A1,3181545,7091,369
2022-03-23$184.50$160.0057.8%17.2%74.9%52.7%68.4%-23.8%1.9%1.1M-38.4M-188.6K0.1217.66N/AN/A1,0501216,1341,384
2022-03-24$179.50$160.0055.4%17.0%74.7%50.4%65.1%-21.6%4.1%1.1M-35.5M-186.4K0.1217.53N/AN/A9931206,3501,412
2022-03-25$177.40$160.0054.7%17.0%70.7%49.8%65.1%-19.7%4.6%1.1M-33.2M-184.6K0.1317.33N/AN/A1,0181366,7031,443
2022-03-28$173.00$160.0047.1%15.2%70.4%42.8%60.2%-13.9%7.0%813.2K-23.5M-157.5K0.1018.24N/AN/A959987,0341,479
2022-03-29$165.30$150.0049.1%15.4%69.2%44.6%57.0%-15.0%4.2%907.1K-21.9M-159.4K0.1219.73N/AN/A1,3071517,2981,488
2022-03-30$169.50$150.0050.2%15.7%66.5%45.6%55.9%-17.6%4.5%1.3M-32.2M-179.0K0.1018.13N/AN/A1,0931077,9251,522
2022-03-31$173.10$150.0049.5%15.8%65.7%45.0%59.8%-15.7%5.6%1.5M-36.3M-181.0K0.1419.97N/AN/A1,0631508,1991,535