SPXS Options History — January 2025

In January 2025, SPXS traded between $56.60 and $64.90. ATM implied volatility averaged 41.7%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 4.7% (HV 20d: 46.5%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.28.

Notable Days

  • 2025-01-10: Highest Volume — 5,713 contracts
  • 2025-01-17: Largest IV spike — 58.5% change
  • 2025-01-28: Highest IV Rank — 46.1%
  • 2025-01-02: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.19$56.60$64.90$63.50$58.40
Max Pain$57.50$50.00$60.00$60.00$55.00
ATM IV41.7%28.0%65.3%40.7%44.1%
Expected Move11.5%9.5%13.8%13.8%12.8%
HV 20d46.5%42.3%54.1%42.3%43.6%
HV 60d40.7%38.4%43.1%38.4%42.0%
IV Rank17.7%1.2%46.1%16.5%20.6%
IV Percentile55.1%1.6%97.6%61.1%71.4%
Term Structure-3.8%-23.1%16.7%2.7%-1.2%
VWIV44.2%39.2%50.1%46.2%43.7%
Skew 25d-10.1%-23.4%7.7%-2.9%-13.1%
Skew 10d-12.9%-39.3%15.1%-16.9%-20.4%
Call IV 25d45.9%29.0%64.0%51.3%51.1%
Put IV 25d35.8%24.8%48.3%48.3%38.0%
Bid-Ask Spread %92.9037.03118.2957.09109.43
Gamma HHI0.400.210.620.280.51
Net GEX1.4M500.0K4.2M1.9M1.2M
Net DEX-21.8M-40.9M-4.9M-30.9M-22.5M
Net VEX-180.3K-198.5K-163.0K-198.4K-184.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.100.770.170.19
Total Volume3,055.21,3235,7133,1643,183
Total OI25,892.118,18332,13129,05622,565

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$63.50$60.0040.7%13.8%42.3%16.5%46.2%-2.9%2.7%1.9M-30.9M-198.4K0.1757.09N/AN/A2,71445022,9736,083
2025-01-03$61.20$60.0040.0%11.1%43.9%15.6%41.2%-13.3%-1.2%1.3M-19.0M-182.1K0.3937.03N/AN/A1,53759523,3186,307
2025-01-06$60.30$60.0039.2%11.8%44.4%14.6%48.2%-9.4%-9.1%1.2M-17.5M-172.3K0.1098.12N/AN/A3,22832222,3925,344
2025-01-07$62.40$60.0032.1%12.0%45.7%6.1%47.6%-11.8%-9.1%2.0M-32.5M-193.1K0.1189.06N/AN/A4,09044024,4995,389
2025-01-08$62.10$60.0039.6%11.6%45.6%15.2%45.7%7.7%-2.0%2.1M-32.8M-193.4K0.1878.68N/AN/A4,44978725,6485,734
2025-01-10$64.90$60.0046.8%12.3%47.8%23.8%50.1%-17.0%-23.1%4.2M-40.9M-198.5K0.1574.45N/AN/A4,94876524,7235,860
2025-01-13$64.90$60.0057.3%11.9%46.3%36.5%45.3%-21.9%-12.2%1.5M-33.9M-194.1K0.2372.87N/AN/A2,01745722,5565,089
2025-01-14$64.90$60.0044.4%11.9%46.2%20.9%47.9%6.0%-13.8%1.5M-32.8M-187.4K0.2771.97N/AN/A2,93279422,6385,352
2025-01-15$60.50$60.0039.2%11.0%53.5%14.7%44.3%4.7%16.7%1.1M-15.2M-175.1K0.5090.65N/AN/A2,5251,26724,5415,733
2025-01-16$60.80$60.0028.0%10.8%53.2%1.2%44.7%-18.0%9.1%1.2M-16.1M-164.7K0.4592.84N/AN/A97743625,6486,207
2025-01-17$59.20$60.0044.4%11.5%54.1%20.9%45.1%-12.6%-9.0%500.0K-4.9M-166.3K0.7786.95N/AN/A2,3551,80825,9726,159
2025-01-21$57.90$50.0039.2%11.2%45.2%14.7%39.2%-15.8%2.0%666.9K-11.6M-163.0K0.13111.19N/AN/A2,80236914,6273,556
2025-01-22$56.70$55.0034.4%9.8%45.6%8.8%40.1%-10.3%1.0%744.2K-11.6M-169.0K0.50113.16N/AN/A1,73886016,6453,776
2025-01-23$56.60$55.0034.3%9.8%44.8%8.7%41.1%-11.8%-0.5%738.0K-13.3M-167.7K0.33112.73N/AN/A99333017,7983,987
2025-01-24$56.70$55.0033.9%9.5%44.4%8.3%39.9%-8.9%3.6%904.5K-14.8M-169.3K0.15109.24N/AN/A2,29833618,3034,045
2025-01-27$59.20$55.0045.9%12.7%46.3%22.7%43.5%-3.7%-21.0%1.5M-27.8M-195.3K0.24104.77N/AN/A2,93471016,9563,546
2025-01-28$57.40$55.0065.3%10.2%47.5%46.1%42.3%-23.4%-3.8%1.1M-16.5M-176.3K0.26112.47N/AN/A1,30733816,5603,939
2025-01-29$58.30$55.0043.8%12.4%44.8%20.1%46.6%-14.8%-4.9%1.4M-21.0M-177.6K0.25118.29N/AN/A1,26932017,2863,964
2025-01-30$57.90$55.0041.9%12.2%44.4%17.8%40.8%-11.4%-0.9%1.6M-20.3M-178.1K0.23116.99N/AN/A1,16026417,9264,198
2025-01-31$58.40$55.0044.1%12.8%43.6%20.6%43.7%-13.1%-1.2%1.2M-22.5M-184.3K0.19109.43N/AN/A2,66451918,2634,302