SPXS Options History — May 2024

In May 2024, SPXS traded between $85.00 and $98.90. ATM implied volatility averaged 36.4%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 2.9% (HV 20d: 33.5%). Max pain ranged from $85.00 to $100.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.16.

Notable Days

  • 2024-05-30: Highest Volume — 4,295 contracts
  • 2024-05-23: Largest IV spike — 28.4% change
  • 2024-05-06: Highest IV Rank — 45.2%
  • 2024-05-02: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.30$85.00$98.90$98.90$88.90
Max Pain$90.91$85.00$100.00$90.00$85.00
ATM IV36.4%30.2%44.0%44.0%40.6%
Expected Move10.1%8.3%12.9%12.6%10.2%
HV 20d33.5%25.1%42.4%40.8%27.2%
HV 60d35.5%32.8%38.2%37.5%32.8%
IV Rank23.6%3.3%45.2%36.4%40.3%
IV Percentile42.4%0.8%79.0%79.0%73.0%
Term Structure3.9%-5.2%28.3%0.6%9.3%
VWIV37.9%32.4%43.7%40.4%39.9%
Skew 25d-7.0%-16.3%16.7%-8.9%-7.8%
Skew 10d-10.2%-29.4%4.7%3.2%-2.6%
Call IV 25d41.2%36.1%49.5%48.3%43.5%
Put IV 25d34.2%27.2%57.1%39.4%35.7%
Bid-Ask Spread %87.1478.2493.0186.4784.47
Gamma HHI0.300.180.600.220.41
Net GEX2.0M660.8K4.3M1.5M2.4M
Net DEX-16.9M-40.0M-470.4K-27.3M-28.3M
Net VEX-172.2K-209.9K-138.9K-180.4K-189.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.050.340.220.09
Total Volume2,339.6829584,2953,5623,740
Total OI21,529.517,53625,01218,03223,620

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$98.90$90.0044.0%12.6%40.8%36.4%40.4%-8.9%0.6%1.5M-27.3M-180.4K0.2286.47N/AN/A2,91564713,9304,102
2024-05-02$98.60$90.0042.2%12.9%39.3%31.8%43.7%-6.5%-0.6%1.4M-24.1M-174.6K0.2588.34N/AN/A1,53439114,0954,293
2024-05-03$94.30$90.0037.4%10.8%41.5%20.0%38.7%-7.0%1.4%1.0M-11.3M-170.8K0.3285.31N/AN/A1,85859314,5244,248
2024-05-06$92.30$100.0042.0%10.5%42.3%45.2%41.1%-7.7%-3.2%1.2M-9.3M-160.3K0.1484.38N/AN/A2,11630613,6883,848
2024-05-07$91.40$100.0035.2%10.6%42.4%21.1%40.6%-7.0%1.2%1.4M-9.5M-158.3K0.1986.29N/AN/A1,34025215,4263,977
2024-05-08$91.30$100.0034.2%10.3%41.9%17.3%42.9%-5.7%1.2%1.6M-10.2M-165.1K0.1281.15N/AN/A93211316,3113,956
2024-05-09$90.20$100.0034.2%10.0%41.1%17.5%35.1%-6.6%0.9%1.4M-7.8M-157.0K0.2878.24N/AN/A1,53643516,8743,960
2024-05-10$89.60$100.0033.4%9.8%36.9%14.5%36.3%-7.2%1.1%1.6M-5.4M-160.6K0.1783.63N/AN/A1,94833717,4123,964
2024-05-13$89.80$90.0036.1%10.2%33.8%24.3%35.8%-8.3%-1.3%1.5M-11.8M-152.8K0.0681.75N/AN/A1,3528315,4343,656
2024-05-14$88.40$90.0035.6%10.1%34.0%22.6%39.2%-7.5%-0.2%1.6M-10.2M-163.7K0.1285.26N/AN/A2,25628016,3463,699
2024-05-15$85.40$90.0032.2%9.8%34.1%10.3%36.1%-6.2%2.4%660.8K-470.4K-138.9K0.3483.52N/AN/A2,81095517,7533,986
2024-05-16$85.70$90.0041.0%10.3%33.8%41.9%35.2%-8.8%-5.1%1.2M-8.7M-145.0K0.1388.54N/AN/A2,25328919,4523,869
2024-05-17$85.90$90.0034.8%9.8%30.0%19.8%32.9%-4.3%-2.6%2.1M-14.6M-157.8K0.1686.52N/AN/A1,21119121,0533,959
2024-05-20$85.40$90.0031.6%9.0%28.7%8.4%38.7%-6.8%-5.2%2.2M-13.6M-146.8K0.0692.35N/AN/A1,97912017,9733,488
2024-05-21$85.00$90.0030.2%8.6%27.1%3.3%35.3%-5.5%13.3%2.3M-13.8M-182.0K0.2789.69N/AN/A1,03627819,1303,568
2024-05-22$86.10$90.0031.3%9.0%27.9%7.0%32.4%-7.3%6.4%2.6M-19.7M-184.8K0.0891.56N/AN/A2,03316119,6173,813
2024-05-23$87.90$85.0040.2%10.6%28.4%38.8%38.8%-11.2%18.1%3.2M-31.3M-209.9K0.0791.31N/AN/A3,58224220,5253,955
2024-05-24$86.10$85.0031.8%8.3%26.9%8.9%38.0%-12.5%4.1%2.2M-24.1M-203.0K0.1192.82N/AN/A2,28025420,6694,002
2024-05-28$86.40$85.0039.3%8.9%27.0%35.7%38.7%-16.3%2.4%2.6M-22.6M-189.3K0.1693.01N/AN/A82912918,8963,682
2024-05-29$87.30$85.0036.3%9.4%25.1%25.0%36.8%-11.7%13.3%2.9M-27.8M-197.0K0.0591.80N/AN/A1,5057719,2873,714
2024-05-30$89.60$85.0037.4%10.7%27.2%29.0%37.3%16.7%28.3%4.3M-40.0M-200.0K0.0690.79N/AN/A4,05923620,0403,855
2024-05-31$88.90$85.0040.6%10.2%27.2%40.3%39.9%-7.8%9.3%2.4M-28.3M-189.8K0.0984.47N/AN/A3,43830219,7023,918