SPXS Options History — August 2022

In August 2022, SPXS traded between $176.40 and $221.80. ATM implied volatility averaged 60.7%, placing in the 56.7% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded above realized volatility by 2.3% (HV 20d: 58.4%). Max pain ranged from $180.00 to $200.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.12.

Notable Days

2022-08-26: Highest Volume — 2,804 contracts
2022-08-26: Largest IV spike — 17.9% change
2022-08-30: Highest IV Rank — 69.2%
2022-08-30: Largest Expected Move — 21.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$196.47	$176.40	$221.80	$203.30	$221.80
Max Pain	$188.70	$180.00	$200.00	$200.00	$180.00
ATM IV	60.7%	53.3%	74.3%	60.3%	71.4%
Expected Move	17.5%	15.3%	21.2%	17.3%	20.2%
HV 20d	58.4%	51.8%	62.7%	61.0%	57.0%
HV 60d	73.2%	69.3%	81.1%	81.1%	71.5%
IV Rank	56.7%	49.8%	69.2%	56.6%	66.5%
IV Percentile	51.1%	36.5%	71.4%	52.0%	65.9%
Term Structure	3.4%	-0.8%	6.2%	2.6%	-0.6%
VWIV	64.0%	56.3%	75.0%	67.4%	70.9%
Skew 25d	-17.7%	-25.4%	-13.0%	-15.3%	-25.4%
Skew 10d	-32.2%	-43.1%	-21.4%	-29.1%	-37.0%
Call IV 25d	72.6%	63.0%	90.3%	72.1%	90.3%
Put IV 25d	54.9%	48.0%	66.1%	56.8%	64.9%
Bid-Ask Spread %	19.91	2.78	49.12	31.49	4.66
Gamma HHI	0.12	0.08	0.25	0.09	0.08
Net GEX	2.1M	1.3M	3.4M	1.8M	2.5M
Net DEX	-78.1M	-139.4M	-43.2M	-69.6M	-134.1M
Net VEX	-330.7K	-375.3K	-283.6K	-330.6K	-375.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.03	0.29	0.14	0.29
Total Volume	1,785.304	892	2,804	1,470	2,073
Total OI	14,258.261	11,721	19,165	12,105	13,517

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-08-01	$203.30	$200.00	60.3%	17.3%	61.0%	56.6%	67.4%	-15.3%	2.6%	1.8M	-69.6M	-330.6K	0.14	31.49	N/A	N/A	1,291	179	10,332	1,773
2022-08-02	$205.70	$200.00	65.8%	18.9%	61.4%	61.8%	67.3%	-17.2%	1.4%	2.0M	-75.1M	-347.7K	0.17	14.95	N/A	N/A	1,249	215	10,870	1,802
2022-08-03	$196.40	$200.00	59.3%	17.0%	62.5%	55.6%	63.0%	-13.0%	2.2%	1.7M	-57.5M	-317.0K	0.18	49.12	N/A	N/A	1,517	274	10,821	1,829
2022-08-04	$198.90	$200.00	58.2%	17.9%	62.5%	54.5%	71.3%	-21.6%	3.3%	2.0M	-64.9M	-326.2K	0.21	21.71	N/A	N/A	810	167	11,284	1,811
2022-08-05	$200.00	$200.00	53.3%	16.9%	62.7%	49.8%	61.8%	-21.1%	5.4%	2.2M	-68.4M	-332.6K	0.17	18.27	N/A	N/A	1,022	172	11,611	1,821
2022-08-08	$199.70	$200.00	57.6%	17.3%	59.8%	53.9%	64.7%	-21.6%	5.1%	2.1M	-66.0M	-323.9K	0.23	21.03	N/A	N/A	944	216	11,812	1,862
2022-08-09	$203.00	$200.00	58.5%	17.3%	58.7%	54.8%	64.7%	-21.2%	4.9%	2.4M	-78.7M	-337.4K	0.03	23.52	N/A	N/A	1,983	63	12,427	1,703
2022-08-10	$189.90	$200.00	55.0%	15.8%	61.4%	51.4%	60.1%	-18.4%	5.3%	1.7M	-56.4M	-306.3K	0.05	11.86	N/A	N/A	2,189	119	12,819	1,755
2022-08-11	$190.70	$200.00	56.4%	16.2%	60.9%	52.8%	59.4%	-17.4%	5.6%	2.2M	-60.5M	-315.2K	0.12	30.24	N/A	N/A	1,225	142	13,475	1,737
2022-08-12	$181.20	$190.00	53.4%	15.3%	60.7%	50.0%	58.2%	-15.5%	6.0%	1.3M	-43.2M	-283.6K	0.07	30.87	N/A	N/A	1,209	82	14,051	1,782
2022-08-15	$177.90	$190.00	55.5%	15.9%	58.7%	52.0%	59.6%	-15.4%	4.5%	1.7M	-44.1M	-285.0K	0.12	41.82	N/A	N/A	1,710	207	14,770	1,782
2022-08-16	$176.40	$180.00	54.3%	15.6%	51.9%	50.8%	57.7%	-14.9%	6.2%	2.2M	-48.0M	-291.0K	0.10	41.44	N/A	N/A	2,156	226	15,701	1,846
2022-08-17	$180.50	$180.00	55.5%	15.9%	53.5%	51.9%	57.5%	-14.8%	5.9%	3.4M	-67.2M	-319.2K	0.13	46.44	N/A	N/A	2,109	268	16,995	1,897
2022-08-18	$179.00	$180.00	53.6%	15.4%	53.5%	50.2%	56.3%	-15.0%	5.7%	2.9M	-60.1M	-314.2K	0.11	38.28	N/A	N/A	1,317	149	17,069	1,884
2022-08-19	$186.80	$180.00	57.3%	16.4%	55.4%	53.4%	59.1%	-15.2%	6.1%	1.7M	-77.6M	-324.4K	0.08	3.60	N/A	N/A	2,304	188	17,241	1,924
2022-08-22	$199.30	$180.00	65.2%	18.7%	61.5%	60.9%	65.4%	-19.0%	3.6%	1.9M	-94.9M	-356.3K	0.08	3.26	N/A	N/A	2,052	157	10,355	1,366
2022-08-23	$199.60	$180.00	64.2%	18.4%	60.2%	60.0%	67.3%	-17.6%	3.5%	1.8M	-92.1M	-343.7K	0.07	3.73	N/A	N/A	977	64	10,306	1,415
2022-08-24	$197.10	$180.00	62.3%	17.9%	51.8%	58.2%	64.6%	-17.6%	3.3%	1.9M	-88.9M	-344.7K	0.07	3.16	N/A	N/A	862	62	10,494	1,441
2022-08-25	$191.10	$180.00	60.9%	16.6%	52.1%	56.8%	61.8%	-17.1%	-0.1%	1.9M	-79.5M	-332.3K	0.11	2.78	N/A	N/A	804	88	10,730	1,457
2022-08-26	$208.50	$180.00	71.8%	19.9%	58.3%	67.3%	67.6%	-18.7%	-0.3%	2.1M	-113.3M	-365.0K	0.08	3.63	N/A	N/A	2,598	206	11,086	1,494
2022-08-29	$211.40	$180.00	71.8%	20.3%	58.3%	66.9%	72.5%	-18.4%	-0.0%	2.2M	-116.5M	-359.5K	0.05	4.71	N/A	N/A	2,577	136	10,976	1,603
2022-08-30	$220.50	$180.00	74.3%	21.2%	60.0%	69.2%	75.0%	-15.5%	-0.8%	2.5M	-139.4M	-375.3K	0.15	7.28	N/A	N/A	2,359	345	11,551	1,663
2022-08-31	$221.80	$180.00	71.4%	20.2%	57.0%	66.5%	70.9%	-25.4%	-0.6%	2.5M	-134.1M	-375.3K	0.29	4.66	N/A	N/A	1,606	467	11,425	2,092