SPXS Options History — May 2022

In May 2022, SPXS traded between $199.60 and $261.30. ATM implied volatility averaged 85.8%, placing in the 78.6% IV rank vs the trailing year. The 30-day expected move averaged 24.1%. IV traded below realized volatility by 5.5% (HV 20d: 91.3%). Max pain ranged from $170.00 to $220.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.24.

Notable Days

  • 2022-05-05: Highest Volume — 3,547 contracts
  • 2022-05-05: Largest IV spike — 31.1% change
  • 2022-05-09: Highest IV Rank — 97.3%
  • 2022-05-09: Largest Expected Move — 27.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$236.03$199.60$261.30$224.80$212.50
Max Pain$200.48$170.00$220.00$170.00$200.00
ATM IV85.8%71.5%106.0%91.4%76.2%
Expected Move24.1%20.5%27.0%26.2%21.9%
HV 20d91.3%68.8%101.5%70.1%95.4%
HV 60d75.4%67.9%79.4%68.0%78.1%
IV Rank78.6%65.4%97.3%83.8%69.7%
IV Percentile90.6%78.2%99.6%98.0%81.7%
Term Structure-2.8%-7.3%-0.2%-7.3%-4.8%
VWIV83.5%73.0%91.6%91.6%81.5%
Skew 25d-22.8%-31.8%-16.2%-30.1%-16.5%
Skew 10d-37.9%-59.8%-30.6%-59.8%-30.6%
Call IV 25d98.3%82.2%114.5%112.4%86.8%
Put IV 25d75.6%63.0%84.9%82.3%70.3%
Bid-Ask Spread %31.308.5740.5320.3836.86
Gamma HHI0.110.080.300.080.12
Net GEX980.9K-118.3K1.5M768.8K1.5M
Net DEX-93.2M-127.8M-57.1M-81.2M-68.5M
Net VEX-240.0K-283.6K-211.7K-214.2K-282.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.120.670.370.12
Total Volume2,032.5241,2483,5472,1541,487
Total OI9,527.4296,93811,5607,67610,652

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$224.80$170.0091.4%26.2%70.1%83.8%91.6%-30.1%-7.3%768.8K-81.2M-214.2K0.3720.38N/AN/A1,5735815,7991,877
2022-05-03$220.50$170.0087.1%25.0%68.8%79.8%85.8%-23.6%-5.8%820.2K-76.5M-221.8K0.279.20N/AN/A1,0512825,9752,040
2022-05-04$199.60$170.0072.4%20.7%78.9%66.1%73.0%-22.0%-2.4%884.9K-57.1M-211.7K0.678.57N/AN/A1,8011,2006,1452,095
2022-05-05$222.10$180.0094.8%24.9%86.5%86.9%79.6%-30.8%-2.7%1.1M-92.2M-242.7K0.4136.74N/AN/A2,5221,0256,9322,861
2022-05-06$224.10$190.0088.2%23.7%85.6%80.8%80.3%-31.8%-1.8%981.1K-88.9M-234.5K0.218.89N/AN/A1,5853376,6552,953
2022-05-09$244.60$200.00106.0%27.0%89.7%97.3%91.6%-29.6%-3.3%920.3K-114.1M-234.4K0.1840.53N/AN/A1,9673486,8253,064
2022-05-10$244.50$200.00104.0%26.2%88.6%95.4%90.6%-27.4%-1.3%918.2K-108.7M-234.6K0.1234.21N/AN/A2,0022456,7893,199
2022-05-11$254.90$200.0090.9%26.1%89.2%83.3%88.4%-23.0%-3.3%957.0K-116.9M-230.3K0.1436.89N/AN/A1,9472736,6803,256
2022-05-12$260.80$200.0092.4%26.5%86.6%84.7%89.7%-23.7%-2.0%951.5K-125.1M-237.7K0.1839.68N/AN/A1,2692266,7603,290
2022-05-13$237.40$210.0084.1%24.1%94.9%77.0%81.2%-22.4%-1.9%1.0M-98.2M-229.4K0.2136.95N/AN/A1,1972566,7733,370
2022-05-16$240.90$210.0081.2%23.3%94.9%74.4%79.8%-20.4%-2.0%1.2M-103.7M-216.6K0.1634.95N/AN/A1,0771716,9693,413
2022-05-17$227.70$210.0077.0%22.1%94.6%70.5%74.9%-19.6%-2.7%1.3M-88.7M-220.6K0.1938.18N/AN/A1,0942117,2373,473
2022-05-18$253.80$200.0086.9%24.9%100.4%79.6%81.8%-21.2%-1.6%1.5M-127.5M-227.8K0.1837.52N/AN/A2,2894057,5853,528
2022-05-19$254.70$200.0083.2%23.9%99.7%76.2%86.0%-22.7%-3.6%1.1M-122.1M-239.4K0.3139.77N/AN/A1,3334127,4873,770
2022-05-20$261.30$200.0082.1%23.5%98.2%75.2%82.4%-21.4%-2.4%-118.3K-127.8M-236.4K0.3938.99N/AN/A1,9277427,5274,033
2022-05-23$245.90$220.0084.7%24.3%101.5%77.6%84.6%-19.9%-2.6%813.4K-70.3M-233.4K0.2934.16N/AN/A1,4654315,1591,779
2022-05-24$246.80$220.0085.9%24.6%99.2%78.7%87.5%-20.0%-2.8%908.6K-82.9M-263.9K0.1419.94N/AN/A1,7082335,8471,874
2022-05-25$241.50$220.0083.0%23.8%99.7%76.0%85.6%-17.3%-3.7%993.4K-76.8M-269.0K0.1934.72N/AN/A1,4772806,0911,932
2022-05-26$225.80$220.0078.9%22.6%98.9%72.2%80.7%-18.9%-0.4%1.0M-68.4M-274.7K0.2234.74N/AN/A1,6373536,6211,952
2022-05-27$212.50$220.0071.5%20.5%95.5%65.4%76.5%-16.2%-0.2%1.1M-61.4M-283.6K0.1835.37N/AN/A1,9173477,7472,062
2022-05-31$212.50$200.0076.2%21.9%95.4%69.7%81.5%-16.5%-4.8%1.5M-68.5M-282.6K0.1236.86N/AN/A1,3241638,5842,068