SPXS Options History — February 2023

In February 2023, SPXS traded between $173.80 and $201.30. ATM implied volatility averaged 56.0%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 8.7% (HV 20d: 47.2%). Max pain ranged from $160.00 to $190.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.19.

Notable Days

  • 2023-02-02: Highest Volume — 5,632 contracts
  • 2023-02-21: Largest IV spike — 13.5% change
  • 2023-02-22: Highest IV Rank — 34.7%
  • 2023-02-22: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$184.97$173.80$201.30$176.90$199.50
Max Pain$168.95$160.00$190.00$180.00$160.00
ATM IV56.0%49.5%65.0%49.5%58.0%
Expected Move16.0%14.4%18.1%14.7%16.4%
HV 20d47.2%44.0%49.2%48.1%46.3%
HV 60d55.3%49.7%63.8%63.8%49.7%
IV Rank20.3%9.9%34.7%9.9%23.4%
IV Percentile15.9%2.0%40.1%2.0%21.8%
Term Structure-0.3%-3.0%2.2%-3.0%-2.1%
VWIV59.7%51.9%68.9%61.6%56.5%
Skew 25d-15.0%-18.4%-12.2%-12.8%-14.0%
Skew 10d-28.7%-37.1%-22.4%-23.4%-25.5%
Call IV 25d65.1%56.7%75.9%56.7%65.5%
Put IV 25d50.1%44.0%57.5%44.0%51.5%
Bid-Ask Spread %13.533.0727.7823.943.50
Gamma HHI0.200.130.330.230.15
Net GEX4.8M3.2M6.5M3.3M4.9M
Net DEX-109.5M-170.1M-56.0M-60.8M-140.6M
Net VEX-409.6K-446.0K-380.2K-383.1K-414.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.070.370.130.23
Total Volume3,321.4741,1235,6325,5861,875
Total OI23,994.57921,58126,43221,64922,584

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$176.90$180.0049.5%14.7%48.1%9.9%61.6%-12.8%-3.0%3.3M-60.8M-383.1K0.1323.94N/AN/A4,95962717,7013,948
2023-02-02$174.10$190.0051.0%14.4%48.1%12.3%64.9%-12.8%0.6%3.2M-56.0M-380.2K0.137.26N/AN/A4,97865418,6734,120
2023-02-03$178.10$180.0050.6%15.0%48.9%11.8%57.8%-12.2%1.4%4.6M-83.5M-415.8K0.2526.96N/AN/A4,4661,11221,7404,292
2023-02-06$181.10$170.0052.2%15.4%44.0%14.2%55.2%-15.1%1.6%5.0M-102.0M-423.8K0.229.69N/AN/A2,31850620,2223,437
2023-02-07$173.80$170.0050.6%14.4%45.3%11.7%62.6%-13.3%-0.9%4.1M-71.0M-383.7K0.1713.39N/AN/A3,56860020,3193,616
2023-02-08$179.40$170.0053.8%15.9%47.6%16.7%60.3%-14.8%1.9%5.1M-99.0M-427.1K0.184.76N/AN/A1,85133521,6793,804
2023-02-09$183.90$170.0057.5%16.4%47.7%22.7%58.1%-16.3%-0.2%6.0M-121.7M-446.0K0.248.61N/AN/A2,90070521,7283,882
2023-02-10$183.20$170.0056.9%16.3%47.6%21.7%68.9%-15.5%-0.5%5.4M-118.1M-442.1K0.0714.82N/AN/A2,67519521,9584,303
2023-02-13$177.30$170.0057.7%16.8%48.5%22.9%63.7%-16.6%-1.0%4.0M-85.6M-407.2K0.2214.62N/AN/A1,79540319,7593,904
2023-02-14$176.20$170.0052.7%15.2%48.2%15.1%56.5%-15.3%-0.1%4.7M-78.7M-387.6K0.2022.88N/AN/A2,91457420,7004,002
2023-02-15$176.80$170.0051.5%14.8%45.1%13.2%58.1%-15.1%0.6%5.4M-84.6M-388.8K0.263.07N/AN/A88823521,4964,120
2023-02-16$182.30$170.0053.4%15.2%46.3%16.1%51.9%-16.5%2.2%6.5M-115.4M-415.4K0.3727.78N/AN/A1,73164321,6864,241
2023-02-17$185.40$170.0056.7%16.2%45.3%21.4%52.6%-14.4%0.4%5.1M-135.9M-405.5K0.1018.98N/AN/A4,13343121,9254,507
2023-02-21$194.60$160.0064.3%18.0%47.0%33.6%60.5%-18.4%-1.6%4.2M-138.6M-421.8K0.1210.18N/AN/A3,00434617,7213,962
2023-02-22$198.60$160.0065.0%18.1%47.5%34.7%61.7%-17.8%-1.8%4.4M-149.2M-421.1K0.149.32N/AN/A2,16930118,0294,079
2023-02-23$193.40$160.0059.6%16.4%48.5%26.0%59.8%-16.2%-1.8%4.4M-133.8M-398.7K0.1614.34N/AN/A2,87544918,5454,242
2023-02-24$201.30$160.0062.0%17.1%49.2%29.8%62.9%-13.8%-1.5%5.9M-170.1M-416.5K0.144.87N/AN/A3,22644119,0044,388
2023-02-27$198.60$160.0060.6%17.0%48.5%27.6%59.8%-14.1%-1.0%4.3M-135.3M-403.0K0.1918.11N/AN/A1,86336317,4084,173
2023-02-28$199.50$160.0058.0%16.4%46.3%23.4%56.5%-14.0%-2.1%4.9M-140.6M-414.3K0.233.50N/AN/A1,52634918,1914,393