SPXS Options History — March 2023

In March 2023, SPXS traded between $179.10 and $218.70. ATM implied volatility averaged 60.1%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded above realized volatility by 10.4% (HV 20d: 49.7%). Max pain ranged from $160.00 to $180.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.20.

Notable Days

  • 2023-03-10: Highest Volume — 7,687 contracts
  • 2023-03-16: Largest IV drop — 17.7% change
  • 2023-03-10: Highest IV Rank — 47.1%
  • 2023-03-13: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$198.91$179.10$218.70$202.30$179.10
Max Pain$177.39$160.00$180.00$160.00$180.00
ATM IV60.1%51.3%72.8%57.8%51.3%
Expected Move17.1%14.1%20.5%16.9%14.1%
HV 20d49.7%40.0%56.6%45.2%55.6%
HV 60d49.9%48.4%51.4%49.6%49.6%
IV Rank26.8%12.9%47.1%23.2%12.9%
IV Percentile28.8%4.4%61.9%21.8%4.4%
Term Structure0.5%-4.8%3.2%0.3%2.9%
VWIV62.1%51.0%72.7%58.7%55.2%
Skew 25d-17.3%-24.4%-11.5%-15.0%-13.9%
Skew 10d-31.8%-43.7%-21.2%-27.2%-26.9%
Call IV 25d70.7%58.8%86.4%67.9%58.8%
Put IV 25d53.4%44.9%63.0%52.9%44.9%
Bid-Ask Spread %12.183.9341.734.163.93
Gamma HHI0.140.110.200.170.12
Net GEX4.0M1.3M6.0M5.8M1.3M
Net DEX-111.0M-235.7M-18.9M-156.3M-18.9M
Net VEX-372.7K-423.9K-329.0K-416.7K-329.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.060.860.160.10
Total Volume3,633.4781,6257,6873,0544,549
Total OI21,398.47817,04925,33823,29621,842

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$202.30$160.0057.8%16.9%45.2%23.2%58.7%-15.0%0.3%5.8M-156.3M-416.7K0.164.16N/AN/A2,63442018,7014,595
2023-03-02$197.90$160.0057.7%16.6%40.0%23.0%59.5%-12.3%-1.1%5.3M-130.1M-395.5K0.105.57N/AN/A3,08330118,8104,815
2023-03-03$189.50$160.0052.8%15.3%43.0%15.2%56.5%-11.8%-1.5%3.4M-94.3M-373.1K0.1218.20N/AN/A2,91135319,2484,884
2023-03-06$188.40$180.0052.6%15.0%42.6%14.9%53.5%-11.9%0.9%3.9M-95.0M-361.5K0.154.74N/AN/A2,19931918,2464,642
2023-03-07$197.00$180.0054.2%15.9%44.9%17.5%52.7%-12.2%0.8%4.9M-133.8M-400.3K0.074.71N/AN/A3,59224819,0184,778
2023-03-08$196.60$180.0053.5%15.7%41.6%16.3%51.0%-11.5%0.4%5.1M-131.9M-394.3K0.116.51N/AN/A2,74029119,3204,873
2023-03-09$207.40$180.0062.9%18.0%44.1%31.3%59.5%-12.7%0.8%6.0M-191.6M-422.7K0.0613.25N/AN/A6,44840020,3774,961
2023-03-10$218.70$180.0072.8%19.9%46.6%47.1%66.3%-21.6%-0.5%5.1M-235.7M-423.9K0.0916.07N/AN/A7,04064718,6335,154
2023-03-13$215.50$180.0071.8%20.5%47.2%45.4%64.8%-22.7%0.0%4.2M-181.7M-395.1K0.3216.45N/AN/A2,60782316,2695,066
2023-03-14$210.70$180.0066.4%18.6%46.1%36.9%63.7%-19.0%-1.6%4.4M-156.2M-372.8K0.1517.88N/AN/A2,73739816,3505,332
2023-03-15$213.40$180.0072.8%19.5%45.8%47.1%70.6%-24.4%-4.8%4.6M-173.7M-380.0K0.0715.40N/AN/A4,10426816,9075,493
2023-03-16$200.20$180.0059.9%17.3%52.7%26.5%63.7%-18.4%3.2%4.3M-115.0M-357.8K0.1517.71N/AN/A3,00444517,1255,557
2023-03-17$207.30$180.0069.8%20.1%53.0%42.3%68.8%-22.1%0.6%4.8M-154.7M-384.0K0.127.63N/AN/A2,96237018,3465,762
2023-03-20$202.30$180.0064.7%18.5%53.9%34.1%72.5%-23.4%-1.0%2.9M-95.5M-362.7K0.448.10N/AN/A1,12849712,7194,330
2023-03-21$190.90$180.0058.2%16.7%55.6%23.7%69.0%-18.0%-0.3%2.6M-50.2M-334.9K0.2417.48N/AN/A2,22753712,4914,640
2023-03-22$196.10$180.0057.8%16.6%56.0%23.1%60.0%-18.4%2.3%3.2M-63.4M-340.4K0.2041.73N/AN/A2,98958313,2254,786
2023-03-23$199.50$180.0064.0%18.2%55.4%33.0%72.7%-21.5%0.9%4.0M-85.6M-374.3K0.1813.70N/AN/A3,67565613,9675,030
2023-03-24$196.80$180.0060.6%17.3%53.8%27.6%65.1%-19.7%0.3%4.1M-75.3M-368.1K0.1916.97N/AN/A3,32161514,3545,207
2023-03-27$194.30$180.0057.5%16.4%53.7%22.7%67.5%-19.8%1.8%3.3M-67.4M-351.6K0.358.26N/AN/A1,69659613,0034,792
2023-03-28$197.70$180.0058.1%16.5%54.1%23.6%61.5%-16.8%1.6%3.7M-74.8M-358.9K0.864.84N/AN/A1,15098413,2895,131
2023-03-29$188.00$180.0053.8%15.1%56.6%16.8%54.5%-16.1%2.1%2.1M-37.5M-339.6K0.334.12N/AN/A3,0061,00213,3905,928
2023-03-30$185.40$180.0051.4%14.3%56.3%13.0%61.0%-15.7%2.3%2.6M-34.8M-335.0K0.1112.65N/AN/A2,72728814,7865,993
2023-03-31$179.10$180.0051.3%14.1%55.6%12.9%55.2%-13.9%2.9%1.3M-18.9M-329.0K0.103.93N/AN/A4,14040915,8445,998