SPXS Options History — August 2023

In August 2023, SPXS traded between $129.60 and $149.60. ATM implied volatility averaged 41.1%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 9.9% (HV 20d: 31.3%). Max pain ranged from $130.00 to $140.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.31.

Notable Days

  • 2023-08-02: Highest Volume — 3,890 contracts
  • 2023-08-17: Largest IV spike — 17.1% change
  • 2023-08-17: Highest IV Rank — 25.9%
  • 2023-08-17: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.70$129.60$149.60$129.60$135.40
Max Pain$130.87$130.00$140.00$130.00$130.00
ATM IV41.1%35.0%47.8%35.0%35.0%
Expected Move11.6%9.3%13.6%9.7%9.3%
HV 20d31.3%27.0%39.1%27.0%36.5%
HV 60d31.8%31.1%32.7%31.7%32.4%
IV Rank15.4%5.8%25.9%5.8%5.8%
IV Percentile20.9%10.7%32.9%10.7%11.1%
Term Structure1.1%-1.0%5.4%-0.4%1.7%
VWIV40.2%34.6%44.8%35.7%34.6%
Skew 25d-13.8%-16.5%-7.9%-9.6%-7.9%
Skew 10d-25.7%-31.5%-0.1%-17.1%-20.0%
Call IV 25d50.0%40.5%57.5%41.6%40.5%
Put IV 25d36.3%32.0%41.0%32.0%32.6%
Bid-Ask Spread %24.002.6347.5144.3047.51
Gamma HHI0.180.120.500.140.19
Net GEX2.0M439.8K5.1M1.8M668.8K
Net DEX-45.7M-79.1M-9.6M-15.3M-9.6M
Net VEX-323.3K-356.9K-279.0K-279.0K-322.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.101.000.250.24
Total Volume2,582.4781,1443,8901,1442,458
Total OI21,845.65218,85425,84120,98425,841

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$129.60$130.0035.0%9.7%27.0%5.8%35.7%-9.6%-0.4%1.8M-15.3M-279.0K0.2544.30N/AN/A91323114,8766,108
2023-08-02$135.00$130.0040.1%11.2%31.2%13.7%42.4%-14.7%0.0%2.5M-43.7M-323.3K0.1210.54N/AN/A3,47241815,3406,272
2023-08-03$136.10$130.0038.9%12.2%29.6%11.8%44.0%-12.6%0.7%2.4M-40.7M-299.0K0.1735.37N/AN/A1,79430215,1406,418
2023-08-04$138.60$130.0043.2%12.4%30.5%18.7%42.5%-15.3%-1.0%1.8M-52.2M-336.5K0.245.35N/AN/A2,56260415,0916,602
2023-08-07$135.50$130.0038.5%12.2%31.2%11.3%43.0%-14.8%4.1%1.9M-34.8M-306.1K0.2140.31N/AN/A1,00921214,2886,315
2023-08-08$136.40$130.0038.3%12.1%30.7%10.9%43.0%-15.2%4.4%2.3M-40.2M-309.6K0.213.30N/AN/A1,70535714,7516,460
2023-08-09$138.40$130.0040.9%11.9%29.6%15.1%39.1%-14.4%0.4%2.4M-46.2M-309.7K0.1245.63N/AN/A1,82921814,8396,596
2023-08-10$140.40$130.0041.1%11.8%28.0%15.5%40.4%-14.6%-0.0%2.9M-57.7M-333.1K0.172.91N/AN/A1,93733115,1036,710
2023-08-11$140.00$130.0038.8%11.3%27.9%11.7%37.0%-13.0%0.7%5.1M-56.7M-323.1K1.0021.45N/AN/A1,7361,72915,4046,786
2023-08-14$138.20$130.0039.4%11.3%27.8%12.7%39.3%-13.4%2.7%1.7M-37.6M-298.1K0.232.63N/AN/A1,13926114,3697,368
2023-08-15$142.90$130.0041.8%11.9%28.5%16.5%44.8%-13.4%4.7%2.5M-60.0M-339.9K0.1841.37N/AN/A1,59428114,8637,433
2023-08-16$145.00$130.0040.8%11.7%28.5%14.9%43.7%-14.6%5.4%2.7M-66.4M-343.3K0.102.75N/AN/A2,56226514,9257,561
2023-08-17$149.60$130.0047.8%13.6%29.3%25.9%39.5%-16.5%2.2%2.6M-79.1M-356.9K0.6845.03N/AN/A2,1481,45614,7467,609
2023-08-18$148.60$130.0046.5%13.0%29.5%23.8%44.8%-14.7%2.8%2.4M-70.5M-355.1K0.172.83N/AN/A3,16954614,9528,847
2023-08-21$145.90$130.0044.5%12.2%30.2%20.7%37.9%-15.8%-0.1%1.3M-46.4M-329.1K0.4739.44N/AN/A1,64578012,6546,200
2023-08-22$148.20$130.0047.2%13.0%29.8%24.9%44.5%-15.6%-0.5%1.6M-59.5M-329.6K0.422.88N/AN/A1,09146113,0536,838
2023-08-23$142.70$140.0044.2%12.0%33.7%20.3%39.1%-14.5%-0.4%1.2M-37.6M-335.3K0.4646.32N/AN/A1,72079613,2896,979
2023-08-24$148.20$140.0047.1%12.6%35.2%24.8%40.9%-15.1%-0.5%2.2M-64.8M-328.9K0.162.64N/AN/A3,02046913,8867,418
2023-08-25$145.20$130.0041.8%11.1%34.1%16.5%35.3%-13.3%-0.3%2.0M-52.7M-322.6K0.2029.61N/AN/A2,59953214,2267,714
2023-08-28$143.40$130.0042.0%11.1%34.7%16.8%37.3%-14.5%-0.5%1.4M-46.5M-321.2K0.802.87N/AN/A1,6301,30313,4517,607
2023-08-29$137.00$130.0037.1%10.1%39.1%9.1%38.7%-12.8%-0.2%611.2K-20.0M-330.6K0.4840.41N/AN/A2,2441,07814,3988,515
2023-08-30$135.70$130.0036.0%9.8%36.6%7.3%36.6%-10.5%-0.9%439.8K-12.9M-304.5K0.1536.65N/AN/A2,43036115,4409,169
2023-08-31$135.40$130.0035.0%9.3%36.5%5.8%34.6%-7.9%1.7%668.8K-9.6M-322.2K0.2447.51N/AN/A1,98647216,5499,292