State Street SPDR S&P 500 ETF Trust (SPY) Options History

Historical options analytics archive for SPY with monthly max pain, implied volatility, gamma exposure, and put/call data.

232 months of complete options data available.

SPY monthly aggregates over the last 6 months: ATM IV, max pain, net GEX, and put/call ratioAverage ATM IVAverage ATM IV14%16%18%20%25-1125-1226-0126-0226-0326-04MonthIVMonth-End Max PainMonth-End Max Pain$660$670$680$69025-1125-1226-0126-0226-0326-04MonthStrike ($)Month-End Net GEXMonth-End Net GEX-$10.00B-$5.00B$0$5.00B25-1125-1226-0126-0226-0326-04MonthGEXAverage P/C RatioAverage P/C Ratio1.101.201.3025-1125-1226-0126-0226-0326-04MonthP/C
Month-by-month aggregates from the SPY daily snapshot archive. IV and P/C are averages across days in the month; max pain and net GEX are end-of-month values.

SPY monthly aggregates

Month-by-month rollups derived from the daily snapshot archive for SPY. Volatility and put/call columns are averages across trading days within the month; max pain, net GEX, and net DEX are the end-of-month values (last trading day of the month).

MonthDaysAvg ATM IVAvg IV RankEnd Max PainEnd Net GEXEnd Net DEXAvg P/C
2026-042016.8%24.2%$690.00$9.91B-$121.13B1.37
2026-032221.2%29.3%$665.00-$8.49B$39.73B1.26
2026-021916.0%14.4%$684.00-$11.97B$25.32B1.29
2026-012013.3%6.8%$686.00-$6.04B-$8.47B1.20
2025-122212.7%6.5%$670.00-$6.88B-$25.78B1.01
2025-111916.5%18.8%$655.00$6.63B-$86.52B1.11

2026

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2025

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2024

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2023

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2022

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2021

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2020

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2019

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2018

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2016

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2013

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2012

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2011

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2010

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2009

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2008

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2007

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