SPXS Options History — April 2024

In April 2024, SPXS traded between $87.90 and $104.30. ATM implied volatility averaged 42.9%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 8.8% (HV 20d: 34.1%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.20.

Notable Days

  • 2024-04-15: Highest Volume — 5,991 contracts
  • 2024-04-04: Largest IV spike — 14.1% change
  • 2024-04-15: Highest IV Rank — 55.6%
  • 2024-04-15: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.04$87.90$104.30$87.90$98.20
Max Pain$86.59$80.00$90.00$85.00$90.00
ATM IV42.9%36.6%51.8%36.6%42.8%
Expected Move12.2%10.0%14.8%10.0%13.0%
HV 20d34.1%28.4%41.0%31.4%41.0%
HV 60d36.6%34.2%38.9%34.2%37.5%
IV Rank33.5%18.0%55.6%18.0%33.2%
IV Percentile72.6%48.0%96.0%48.0%75.4%
Term Structure-0.3%-8.7%6.6%6.6%-0.5%
VWIV45.3%35.8%53.0%35.8%45.8%
Skew 25d-11.6%-16.4%-6.9%-8.0%-10.3%
Skew 10d-22.9%-36.1%-13.1%-14.6%-16.9%
Call IV 25d51.3%41.5%61.5%41.5%47.9%
Put IV 25d39.7%33.6%46.6%33.6%37.6%
Bid-Ask Spread %77.0268.4884.0176.7081.78
Gamma HHI0.210.140.330.200.22
Net GEX1.9M898.4K3.0M1.6M1.6M
Net DEX-27.8M-56.7M-11.0M-11.0M-27.1M
Net VEX-193.3K-217.2K-168.8K-171.6K-193.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.070.410.250.20
Total Volume2,848.0911,0465,9911,4511,609
Total OI25,855.27317,22231,12329,44418,004

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$87.90$85.0036.6%10.0%31.4%18.0%35.8%-8.0%6.6%1.6M-11.0M-171.6K0.2576.70N/AN/A1,15929225,4723,972
2024-04-02$89.80$85.0038.3%10.5%32.6%22.2%40.6%-10.8%1.2%2.1M-20.6M-196.7K0.1473.82N/AN/A2,00427625,9484,084
2024-04-03$89.30$85.0037.0%10.6%28.6%19.0%37.3%-9.1%0.3%1.7M-13.9M-178.2K0.1474.37N/AN/A1,64522425,7054,252
2024-04-04$92.50$80.0042.2%11.8%31.0%31.9%48.2%-14.1%-2.2%2.6M-32.7M-207.0K0.2182.11N/AN/A2,16046026,1624,220
2024-04-05$90.00$80.0039.4%12.0%30.5%25.0%46.3%-10.2%-0.5%2.9M-20.4M-192.7K0.2279.86N/AN/A2,84762626,2784,431
2024-04-08$89.80$80.0040.7%11.5%29.5%28.1%44.9%-10.9%-1.6%2.1M-19.0M-183.7K0.2278.13N/AN/A85718925,8123,988
2024-04-09$90.40$80.0040.6%11.6%29.5%28.0%42.8%-10.1%0.4%2.3M-20.2M-190.9K0.1678.24N/AN/A2,06833326,1874,126
2024-04-10$92.10$80.0040.4%11.6%28.4%27.4%45.3%-13.0%0.3%2.5M-27.3M-196.0K0.2481.35N/AN/A2,07050526,2254,198
2024-04-11$89.80$90.0041.8%11.6%29.7%30.9%42.6%-11.3%-0.7%1.9M-14.6M-168.8K0.2481.95N/AN/A1,99347626,0794,394
2024-04-12$94.30$80.0045.6%12.4%34.2%40.3%48.0%-15.2%-3.3%2.3M-36.0M-207.4K0.1374.11N/AN/A4,34654326,8404,283
2024-04-15$97.90$90.0051.8%14.8%36.4%55.6%53.0%-16.4%-0.2%2.7M-42.7M-211.1K0.0771.72N/AN/A5,61937225,3544,205
2024-04-16$97.70$90.0050.2%14.3%35.0%51.5%49.4%-15.7%-8.7%2.3M-40.0M-201.8K0.1173.59N/AN/A4,94252923,8664,328
2024-04-17$99.80$90.0048.6%13.9%34.5%47.5%50.0%-14.8%1.8%2.2M-42.4M-207.3K0.2069.09N/AN/A4,21784221,9474,553
2024-04-18$100.70$90.0047.4%13.6%32.3%44.7%49.4%-15.3%1.1%3.0M-49.5M-217.2K0.2268.48N/AN/A2,92363222,9334,824
2024-04-19$104.30$90.0049.9%13.9%32.6%50.8%50.3%-12.8%1.7%2.0M-56.7M-216.0K0.1969.21N/AN/A3,54366822,3215,283
2024-04-22$100.90$90.0045.0%13.0%35.9%38.9%47.1%-9.6%-0.1%1.1M-30.3M-198.2K0.2372.61N/AN/A1,61536613,0924,211
2024-04-23$97.50$90.0041.1%11.7%38.8%29.1%43.8%-9.3%-1.5%898.4K-20.0M-182.7K0.3475.94N/AN/A1,27042913,5044,397
2024-04-24$97.50$90.0040.3%11.6%38.8%27.2%42.7%-9.7%-2.1%1.2M-22.5M-183.9K0.0982.76N/AN/A1,67715614,0874,291
2024-04-25$99.10$90.0044.0%12.8%38.4%36.3%46.1%-11.3%-2.1%1.5M-28.2M-186.3K0.4181.34N/AN/A1,92178214,5124,352
2024-04-26$95.70$90.0040.4%11.4%40.7%27.5%42.1%-6.9%2.5%960.9K-18.3M-180.7K0.3484.01N/AN/A1,58354614,4954,379
2024-04-29$95.70$90.0038.9%11.4%40.7%23.6%45.1%-10.1%0.5%1.3M-18.9M-180.8K0.1583.39N/AN/A1,17117313,3113,911
2024-04-30$98.20$90.0042.8%13.0%41.0%33.2%45.8%-10.3%-0.5%1.6M-27.1M-193.8K0.2081.78N/AN/A1,34626314,0073,997