SPXS Options History — October 2025

In October 2025, SPXS traded between $34.64 and $39.84. ATM implied volatility averaged 46.7%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 16.1% (HV 20d: 30.5%). Max pain ranged from $37.00 to $37.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.22.

Notable Days

  • 2025-10-10: Highest Volume — 13,359 contracts
  • 2025-10-10: Largest IV spike — 44.0% change
  • 2025-10-16: Highest IV Rank — 26.3%
  • 2025-10-10: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.18$34.64$39.84$37.55$35.23
Max Pain$37.00$37.00$37.00$37.00$37.00
ATM IV46.7%37.6%60.4%37.6%48.3%
Expected Move12.7%10.0%16.1%10.8%12.0%
HV 20d30.5%17.9%39.2%20.6%39.2%
HV 60d29.3%25.9%32.3%26.3%29.4%
IV Rank15.5%8.4%26.3%8.4%16.8%
IV Percentile51.4%19.4%85.7%19.4%60.7%
Term Structure-0.2%-23.1%12.5%4.6%0.0%
VWIV49.1%38.4%64.8%40.1%42.3%
Skew 25d-7.5%-21.3%27.3%-13.2%-17.9%
Skew 10d-11.8%-39.3%34.9%-14.9%-16.1%
Call IV 25d49.9%27.2%63.1%45.7%55.5%
Put IV 25d42.4%27.7%62.1%32.6%37.6%
Bid-Ask Spread %52.9320.6584.2742.1969.58
Gamma HHI0.160.100.300.190.30
Net GEX754.7K-18.5K1.4M127.0K-18.5K
Net DEX-8.3M-22.3M1.9M-1.3M-4.7M
Net VEX-43.4K-68.6K-6.3K-6.3K-66.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.040.610.200.20
Total Volume3,879.1374613,3591,1088,483
Total OI11,8061,35818,7351,35818,735

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$37.55$37.0037.6%10.8%20.6%8.4%40.1%-13.2%4.6%127.0K-1.3M-6.3K0.2042.19N/AN/A9231851,182176
2025-10-02$37.50$37.0046.9%10.3%18.9%15.7%39.3%1.0%-3.6%191.8K-2.0M-9.0K0.3139.68N/AN/A5691771,784346
2025-10-03$37.42$37.0049.7%10.0%18.2%17.9%38.4%3.7%3.9%227.0K-2.3M-10.4K0.3234.89N/AN/A1,4864722,137488
2025-10-06$37.13$37.0044.1%12.5%18.2%13.5%54.6%0.2%10.8%332.3K-2.6M-16.6K0.1320.65N/AN/A1,8092413,483930
2025-10-07$37.59$37.0055.7%12.8%19.2%22.6%46.7%-11.8%-14.9%499.0K-4.9M-21.2K0.0429.23N/AN/A5,8362604,8291,120
2025-10-08$37.00$37.0041.1%12.0%19.6%11.1%51.7%-1.3%1.9%1.1M-11.7M-34.2K0.1027.62N/AN/A1,9471939,2981,441
2025-10-09$37.33$37.0039.0%11.9%17.9%9.4%47.3%27.3%5.6%1.4M-10.4M-32.8K0.2034.71N/AN/A1,8543759,1031,465
2025-10-10$39.84$37.0056.1%16.1%30.2%23.0%53.9%7.2%4.8%1.2M-22.3M-34.7K0.0751.37N/AN/A12,4648959,3781,690
2025-10-13$38.48$37.0049.4%13.4%32.5%17.6%48.9%-2.1%-0.4%996.0K-12.1M-41.1K0.2039.03N/AN/A4,2918718,7721,921
2025-10-14$38.92$37.0052.6%15.2%32.8%20.2%52.1%-21.3%-2.4%1.1M-14.7M-43.6K0.0960.51N/AN/A4,6944409,4762,223
2025-10-15$38.24$37.0049.6%14.1%33.2%17.9%54.3%-7.4%-2.2%1.3M-14.5M-47.2K0.3847.32N/AN/A2,7431,05412,0542,532
2025-10-16$39.13$37.0060.4%15.6%34.0%26.3%64.8%-13.6%-8.3%1.4M-19.3M-49.7K0.1053.84N/AN/A2,72325912,8612,999
2025-10-17$38.33$37.0054.3%15.0%34.5%21.5%61.6%-0.9%-6.1%699.9K-17.3M-48.8K0.1653.42N/AN/A3,67860613,8153,146
2025-10-20$37.09$37.0044.2%12.7%36.0%13.5%46.6%-20.6%-1.3%1.0M-9.6M-48.4K0.2453.49N/AN/A2,8796948,8902,431
2025-10-21$37.06$37.0045.0%12.8%35.8%14.2%47.4%-18.0%-23.1%1.2M-8.9M-53.9K0.2349.61N/AN/A1,48733610,4803,076
2025-10-22$37.83$37.0052.0%14.9%36.4%19.7%51.9%-17.3%-0.5%1.4M-15.0M-61.3K0.3373.05N/AN/A2,81992711,6033,382
2025-10-23$37.05$37.0040.6%11.3%36.3%10.7%44.1%-14.1%11.1%1.2M-7.9M-59.2K0.1771.62N/AN/A2,11835411,6004,187
2025-10-24$36.16$37.0041.3%12.1%36.8%11.3%48.4%-19.7%-8.2%769.5K-2.1M-56.5K0.1664.41N/AN/A3,73958212,6854,083
2025-10-27$35.09$37.0038.4%10.2%37.7%9.0%49.6%-12.9%5.9%349.0K-934.5K-60.5K0.6172.85N/AN/A2,5061,5228,4853,894
2025-10-28$34.64$37.0038.8%11.2%37.8%9.3%44.4%-7.6%12.5%157.0K1.9M-61.8K0.3763.54N/AN/A1,7656559,6825,191
2025-10-29$34.88$37.0044.5%11.7%37.8%13.8%50.3%-2.0%2.7%181.4K-1.1M-66.4K0.1580.57N/AN/A3,24250010,7555,600
2025-10-30$35.72$37.0043.6%12.5%39.0%13.1%50.8%-9.3%2.0%399.8K-7.9M-68.6K0.2084.27N/AN/A2,96760012,3805,750
2025-10-31$35.23$37.0048.3%12.0%39.2%16.8%42.3%-17.9%0.0%-18.5K-4.7M-66.9K0.2069.58N/AN/A7,0481,43512,7585,977