SPXS Options History — June 2025

In June 2025, SPXS traded between $47.10 and $53.80. ATM implied volatility averaged 48.5%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 11.7% (HV 20d: 36.8%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.17.

Notable Days

  • 2025-06-13: Highest Volume — 6,553 contracts
  • 2025-06-30: Largest IV spike — 104.5% change
  • 2025-06-30: Highest IV Rank — 62.6%
  • 2025-06-03: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.37$47.10$53.80$53.80$47.10
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV48.5%38.4%93.2%46.3%93.2%
Expected Move13.0%11.1%15.0%14.9%11.1%
HV 20d36.8%29.9%46.9%46.9%32.9%
HV 60d103.2%101.5%105.9%105.9%101.5%
IV Rank20.3%10.7%62.6%18.2%62.6%
IV Percentile52.7%22.6%96.8%55.6%96.8%
Term Structure1.3%-7.0%16.4%-0.9%8.7%
VWIV52.7%43.3%62.4%52.5%48.6%
Skew 25d1.1%-36.8%100.3%-11.2%80.7%
Skew 10d20.0%-39.2%230.7%0.4%-13.4%
Call IV 25d57.7%52.8%66.1%57.5%52.8%
Put IV 25d58.7%27.6%166.4%46.4%133.4%
Bid-Ask Spread %104.7084.03125.21122.35117.94
Gamma HHI0.440.320.590.360.59
Net GEX1.7M1.1M2.3M1.5M1.5M
Net DEX-12.4M-27.8M-1.7M-17.3M-3.7M
Net VEX-248.6K-273.9K-227.8K-245.4K-246.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.031.580.120.07
Total Volume3,613.51,9496,5532,4153,264
Total OI37,844.731,90643,73131,90639,610

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$53.80$50.0046.3%14.9%46.9%18.2%52.5%-11.2%-0.9%1.5M-17.3M-245.4K0.12122.35N/AN/A2,16525025,1986,708
2025-06-03$52.90$50.0054.1%15.0%46.3%25.6%53.3%-13.2%-2.1%1.4M-12.8M-234.6K0.10123.95N/AN/A1,77217926,2296,838
2025-06-04$52.50$50.0046.4%11.5%45.3%18.3%51.8%-4.4%2.2%1.5M-13.2M-233.5K0.03125.21N/AN/A2,7829327,1376,913
2025-06-05$53.30$50.0045.9%13.6%46.1%17.8%59.7%-8.6%-1.1%2.2M-21.1M-246.6K0.12105.13N/AN/A3,29940329,4116,940
2025-06-06$52.00$50.0043.9%12.5%46.1%15.9%55.7%-1.9%-0.2%1.6M-12.3M-234.6K0.1188.94N/AN/A2,81129631,0297,212
2025-06-09$51.90$50.0044.1%12.7%45.1%16.1%57.4%-16.9%0.1%1.7M-11.0M-227.8K0.0996.34N/AN/A1,92016928,4336,839
2025-06-10$51.30$50.0043.3%12.9%32.8%15.3%56.7%-12.0%1.6%1.7M-11.5M-231.6K0.1295.18N/AN/A2,19226729,6126,938
2025-06-11$51.70$50.0043.0%12.7%30.2%15.1%52.3%-17.7%3.3%2.1M-15.8M-238.4K0.0887.12N/AN/A2,89124131,5987,093
2025-06-12$51.30$50.0044.6%12.9%29.9%16.6%55.0%-12.2%0.7%1.5M-15.7M-236.9K0.1593.56N/AN/A1,68826132,9637,149
2025-06-13$53.00$50.0053.7%14.0%32.4%25.3%62.4%-21.4%-7.0%1.9M-27.8M-255.2K0.0385.83N/AN/A6,33521833,8787,160
2025-06-16$51.30$50.0044.9%12.8%33.6%16.9%50.4%81.9%-0.4%1.6M-11.1M-229.0K1.5887.79N/AN/A2,1923,46029,0566,834
2025-06-17$52.50$50.0049.1%14.0%34.8%20.9%59.2%100.3%-2.1%2.2M-16.5M-269.6K0.2084.03N/AN/A4,17684130,3528,560
2025-06-18$52.40$50.0047.3%13.6%34.6%19.1%54.8%-17.6%-4.2%2.3M-14.2M-271.8K0.1487.39N/AN/A2,83739531,9088,862
2025-06-20$53.30$50.0050.7%13.3%32.1%22.4%51.8%-14.7%16.4%1.4M-14.4M-273.9K0.0493.33N/AN/A3,35812232,9199,004
2025-06-23$51.90$50.0038.4%13.0%33.2%10.7%55.9%-36.8%4.1%1.4M-8.8M-261.0K0.07116.81N/AN/A3,90129225,2268,367
2025-06-24$49.20$50.0044.3%12.5%36.0%16.3%44.8%-14.8%1.6%1.1M-1.7M-249.9K0.11122.06N/AN/A5,09555927,5188,522
2025-06-25$49.60$50.0045.2%12.5%32.3%17.1%44.7%-12.8%0.9%1.6M-7.5M-263.8K0.06113.77N/AN/A2,85916930,6268,858
2025-06-26$48.40$50.0045.1%12.7%32.7%17.1%44.5%-16.1%2.4%1.6M-5.1M-254.6K0.10122.99N/AN/A3,56133932,7498,914
2025-06-27$48.00$50.0045.6%12.5%32.7%17.5%43.3%-9.5%2.2%1.5M-7.6M-266.4K0.14124.36N/AN/A4,06655234,9448,787
2025-06-30$47.10$50.0093.2%11.1%32.9%62.6%48.6%80.7%8.7%1.5M-3.7M-246.7K0.07117.94N/AN/A3,04821630,7598,851