SPXS Options History — April 2023

In April 2023, SPXS traded between $171.30 and $185.70. ATM implied volatility averaged 47.5%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 6.0% (HV 20d: 41.5%). Max pain ranged from $180.00 to $190.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.13.

Notable Days

  • 2023-04-28: Highest Volume — 4,694 contracts
  • 2023-04-25: Largest IV spike — 15.2% change
  • 2023-04-26: Highest IV Rank — 15.4%
  • 2023-04-10: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$176.51$171.30$185.70$175.20$171.30
Max Pain$181.05$180.00$190.00$180.00$180.00
ATM IV47.5%39.6%52.7%49.9%39.6%
Expected Move13.4%11.4%15.0%13.3%11.4%
HV 20d41.5%31.7%56.0%56.0%38.2%
HV 60d46.8%45.3%49.6%49.6%45.3%
IV Rank5.5%0.0%15.4%10.5%0.0%
IV Percentile2.5%0.0%8.3%1.6%0.0%
Term Structure-0.1%-3.5%2.7%0.5%0.8%
VWIV51.9%47.6%59.8%49.4%51.2%
Skew 25d-16.8%-21.7%-13.4%-15.8%-16.6%
Skew 10d-30.9%-38.6%-26.1%-31.2%-29.2%
Call IV 25d58.7%51.6%65.6%61.5%51.6%
Put IV 25d41.8%35.0%47.0%45.7%35.0%
Bid-Ask Spread %10.032.9027.403.8126.49
Gamma HHI0.360.180.650.470.21
Net GEX4.2M2.1M7.6M4.0M2.1M
Net DEX-39.2M-69.5M-20.6M-26.3M-25.6M
Net VEX-313.7K-342.4K-284.5K-312.3K-310.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.060.370.060.07
Total Volume2,242.5791,0474,6942,7554,694
Total OI19,358.57914,83022,29420,24516,730

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$175.20$180.0049.9%13.3%56.0%10.5%49.4%-15.8%0.5%4.0M-26.3M-312.3K0.063.81N/AN/A2,61114415,0705,175
2023-04-04$179.60$180.0052.7%13.9%54.1%15.1%51.7%-15.1%0.3%6.1M-54.4M-333.6K0.119.77N/AN/A2,75930516,5155,175
2023-04-05$179.90$180.0052.2%13.5%54.2%14.2%51.2%-16.3%0.7%7.5M-55.7M-342.4K0.186.25N/AN/A1,49226116,8915,149
2023-04-06$178.40$180.0051.2%14.7%49.6%3.1%59.8%-14.3%0.6%7.6M-44.6M-333.8K0.1027.40N/AN/A2,09219917,2135,081
2023-04-10$178.40$180.0052.7%15.0%44.3%5.7%59.5%-16.6%-0.9%3.6M-40.5M-316.5K0.113.52N/AN/A1,26014014,1434,798
2023-04-11$177.10$180.0050.2%14.9%44.3%1.2%53.5%-15.3%1.8%3.5M-34.7M-308.8K0.105.72N/AN/A1,93419714,5184,852
2023-04-12$179.50$190.0051.8%14.7%44.8%4.1%51.9%-17.2%-0.5%4.1M-41.8M-308.8K0.1121.03N/AN/A2,64529814,5934,925
2023-04-13$172.30$190.0046.6%13.1%45.5%0.0%52.0%-16.4%-1.4%3.4M-23.6M-304.2K0.174.23N/AN/A2,05335015,5784,985
2023-04-14$174.10$180.0045.3%12.6%41.5%0.0%50.4%-13.4%-1.9%4.5M-31.3M-309.2K0.163.66N/AN/A2,17635016,5335,015
2023-04-17$173.40$180.0043.4%12.2%38.5%0.0%54.6%-15.0%2.7%4.0M-25.9M-295.6K0.2011.04N/AN/A1,03920514,8394,816
2023-04-18$172.00$180.0042.3%12.1%38.0%0.0%49.0%-16.2%1.1%3.9M-20.6M-284.5K0.113.80N/AN/A1,36615015,4484,906
2023-04-19$172.40$180.0041.7%12.0%33.3%0.0%49.1%-16.4%0.2%4.4M-25.3M-287.5K0.103.81N/AN/A1,48014115,9354,878
2023-04-20$176.60$180.0047.2%13.7%32.9%8.6%48.7%-17.5%-2.9%6.9M-48.6M-313.1K0.094.20N/AN/A1,58814716,5344,834
2023-04-21$175.70$180.0045.4%13.3%31.8%5.8%48.6%-17.1%-3.5%4.7M-38.8M-305.0K0.125.37N/AN/A2,20226816,7624,884
2023-04-24$174.80$180.0043.7%12.5%31.7%3.1%47.6%-19.0%0.1%2.4M-39.2M-308.5K0.1025.27N/AN/A9569111,1463,684
2023-04-25$182.40$180.0050.3%14.4%35.9%13.4%54.9%-21.7%-0.4%2.8M-62.7M-337.4K0.1319.36N/AN/A2,15028511,4753,715
2023-04-26$185.70$180.0051.6%14.8%36.0%15.4%54.5%-21.5%0.1%2.9M-69.5M-337.8K0.162.95N/AN/A1,87930111,5093,835
2023-04-27$174.80$180.0044.0%12.6%37.9%3.7%47.7%-18.7%-0.2%2.2M-36.5M-311.5K0.372.90N/AN/A1,75065111,8103,864
2023-04-28$171.30$180.0039.6%11.4%38.2%0.0%51.2%-16.6%0.8%2.1M-25.6M-310.1K0.0726.49N/AN/A4,38530912,6084,122