SPXS Options History — March 2026

In March 2026, SPXS traded between $35.14 and $44.50. ATM implied volatility averaged 65.3%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded above realized volatility by 22.9% (HV 20d: 42.4%). Max pain ranged from $33.50 to $37.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.37.

Notable Days

  • 2026-03-27: Highest Volume — 15,617 contracts
  • 2026-03-05: Largest IV spike — 27.1% change
  • 2026-03-27: Highest IV Rank — 41.5%
  • 2026-03-12: Largest Expected Move — 25.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.82$35.14$44.50$35.22$40.47
Max Pain$35.16$33.50$37.00$34.00$37.00
ATM IV65.3%49.7%79.8%53.2%63.3%
Expected Move19.2%14.9%25.3%15.3%18.1%
HV 20d42.4%35.5%61.5%42.1%61.5%
HV 60d37.7%33.9%46.7%33.9%46.7%
IV Rank30.0%17.6%41.5%20.4%28.4%
IV Percentile88.3%63.5%95.2%73.0%86.5%
Term Structure0.0%-7.4%8.2%-2.0%-2.1%
VWIV66.1%55.4%90.9%55.4%57.7%
Skew 25d-30.8%-47.3%-23.4%-41.4%-27.7%
Skew 10d-56.2%-70.0%-33.8%-50.8%-49.1%
Call IV 25d83.8%69.3%100.7%69.3%85.9%
Put IV 25d53.0%27.9%70.6%27.9%58.2%
Bid-Ask Spread %36.8420.9256.7356.7138.32
Gamma HHI0.090.060.120.090.07
Net GEX2.2M1.7M3.2M1.7M2.1M
Net DEX-65.7M-120.2M-30.9M-31.1M-66.2M
Net VEX-242.5K-326.4K-222.0K-230.0K-326.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.090.970.490.42
Total Volume9,289.0912,99615,6176,51311,969
Total OI59,777.95547,36669,27047,36669,135

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$35.22$34.0053.2%15.3%42.1%20.4%55.4%-41.4%-2.0%1.7M-31.1M-230.0K0.4956.71N/AN/A4,3752,13828,34619,020
2026-03-03$36.09$34.0057.7%16.0%42.2%24.0%56.6%-47.3%4.4%1.7M-41.7M-226.9K0.1656.51N/AN/A9,9891,64129,83320,607
2026-03-04$35.14$33.5049.7%14.9%42.2%17.6%59.3%-34.3%0.1%1.9M-30.9M-222.0K0.4456.73N/AN/A4,2991,87931,52621,739
2026-03-05$36.23$34.0063.1%16.9%43.5%28.3%60.2%-34.1%2.5%2.2M-46.3M-227.4K0.3533.91N/AN/A7,7312,68833,76623,195
2026-03-06$37.41$34.0071.0%19.0%41.9%34.5%64.0%-34.6%0.6%1.7M-65.0M-230.0K0.2331.88N/AN/A8,6051,98435,44023,504
2026-03-09$36.53$34.0059.9%18.8%36.3%25.7%65.4%-38.1%6.3%1.8M-43.4M-222.3K0.4647.64N/AN/A9,9704,57030,48321,372
2026-03-10$36.61$35.0059.6%18.0%35.5%25.5%55.9%-25.6%8.2%2.3M-48.3M-229.4K0.4138.62N/AN/A5,9192,41035,90724,030
2026-03-11$36.89$35.0063.2%17.8%35.5%28.4%68.9%-37.8%-0.1%2.8M-58.4M-235.4K0.0938.42N/AN/A6,17258339,07625,375
2026-03-12$38.38$35.0067.3%25.3%37.7%31.6%66.5%-24.1%0.2%3.2M-84.5M-240.1K0.2930.27N/AN/A5,0041,43142,87625,735
2026-03-13$39.36$35.0069.4%23.6%35.7%33.3%68.5%-23.7%1.2%2.1M-98.2M-231.5K0.1433.71N/AN/A7,6881,04143,01726,253
2026-03-16$38.11$35.0063.0%18.9%38.0%28.2%72.1%-29.1%0.8%2.5M-57.7M-228.5K0.3429.27N/AN/A4,3031,48034,45821,473
2026-03-17$37.70$35.0060.6%17.1%38.0%26.3%58.5%-27.6%-5.3%2.9M-57.4M-226.2K0.4220.92N/AN/A2,10489236,75622,356
2026-03-18$39.28$35.0064.7%17.8%39.8%29.6%57.3%-27.2%-2.3%2.9M-75.9M-229.0K0.2135.12N/AN/A4,17586837,46022,800
2026-03-19$39.61$35.0064.4%17.9%39.8%29.3%65.9%-28.6%2.7%3.1M-83.5M-230.7K0.7036.48N/AN/A5,6943,96238,83423,349
2026-03-20$41.80$35.0073.1%21.1%41.7%36.2%77.1%-25.5%-2.7%1.7M-109.1M-232.2K0.2724.23N/AN/A8,3992,23440,40326,784
2026-03-23$39.56$35.0065.9%19.3%46.5%30.5%62.0%-29.4%2.9%1.7M-50.0M-229.7K0.3626.64N/AN/A8,1362,93529,43720,995
2026-03-24$40.06$36.0069.6%20.6%45.1%33.5%60.5%-33.0%-4.8%2.1M-51.5M-240.6K0.9732.91N/AN/A4,4424,32431,18522,596
2026-03-25$39.59$36.0066.7%18.7%44.3%31.1%67.2%-29.8%-2.4%2.2M-45.6M-256.4K0.5431.54N/AN/A7,4964,02733,75325,628
2026-03-26$41.56$37.0072.0%21.4%46.6%35.4%76.0%-23.4%-7.4%2.5M-79.5M-266.5K0.1736.49N/AN/A8,1601,35038,01427,318
2026-03-27$43.89$37.0079.8%23.5%49.2%41.5%90.9%-30.1%-3.2%1.7M-120.2M-273.5K0.2340.50N/AN/A12,7052,91241,25727,730
2026-03-30$44.50$37.0079.6%22.3%48.9%41.4%88.4%-25.8%3.4%1.7M-101.7M-301.0K0.4933.59N/AN/A7,8333,84337,17825,116
2026-03-31$40.47$37.0063.3%18.1%61.5%28.4%57.7%-27.7%-2.1%2.1M-66.2M-326.4K0.4238.32N/AN/A8,4563,51340,87328,262