SPY Options History — June 2009

In June 2009, SPY traded between $89.28 and $95.08. ATM implied volatility averaged 24.7%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 2.1% (HV 20d: 22.6%). Max pain ranged from $89.00 to $92.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.50.

Notable Days

  • 2009-06-18: Highest Volume — 9,615,012 contracts
  • 2009-06-29: Largest IV spike — 25.2% change
  • 2009-06-22: Highest IV Rank — 11.3%
  • 2009-06-22: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.87$89.28$95.08$94.77$91.95
Max Pain$90.41$89.00$92.00$89.00$91.00
ATM IV24.7%19.9%27.8%25.6%22.3%
Expected Move7.1%6.2%8.0%7.3%6.4%
HV 20d22.6%18.7%28.5%28.5%18.9%
HV 60d29.3%25.3%33.9%33.8%25.4%
IV Rank8.1%2.3%11.3%10.5%5.1%
IV Percentile24.2%7.5%32.1%28.2%14.3%
Term Structure1.3%0.2%2.4%0.2%1.8%
VWIV26.1%22.7%28.3%28.0%23.1%
Skew 25d6.6%4.8%8.2%6.8%5.0%
Skew 10d12.8%9.3%16.6%13.3%9.5%
Call IV 25d22.4%19.8%24.8%23.2%20.3%
Put IV 25d29.0%24.6%32.3%30.0%25.3%
Bid-Ask Spread %3.982.207.036.282.36
Gamma HHI0.050.040.100.050.05
Net GEX-62.4M-541.2M387.8M232.3M-285.6M
Net DEX-1.49B-9.66B12.19B-7.91B3.10B
Net VEX-107.9M-213.8M-98.1M-101.6M-103.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.092.421.481.85
Total Volume1,551,198.727738,2849,615,0121,570,7221,220,483
Total OI11,452,610.3189,177,49613,308,68010,953,95410,022,463

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$94.77$89.0025.6%7.3%28.5%10.5%28.0%6.8%0.2%232.3M-7.91B-101.6M1.486.28N/AN/A632,742937,9804,324,9826,628,972
2009-06-02$94.85$89.0025.1%7.2%26.2%9.7%28.3%6.7%0.5%201.6M-8.10B-101.4M1.414.12N/AN/A425,401599,5674,335,2706,823,989
2009-06-03$93.65$89.0025.9%7.4%26.7%10.6%26.5%7.0%1.0%116.3M-5.74B-100.2M1.545.99N/AN/A337,813518,8374,421,7716,955,189
2009-06-04$94.53$89.0025.7%7.4%26.2%10.4%26.2%6.5%0.6%198.1M-7.95B-103.4M1.145.79N/AN/A444,893508,9234,450,1986,962,648
2009-06-05$94.55$89.0025.1%7.2%25.6%9.7%26.9%6.1%1.0%229.0M-8.17B-103.9M1.437.03N/AN/A547,725781,0294,606,0437,086,095
2009-06-08$94.16$89.0024.1%7.2%24.4%7.1%25.6%7.4%1.8%247.3M-7.90B-100.7M2.015.88N/AN/A314,535631,6194,647,7877,189,452
2009-06-09$94.64$89.0022.7%6.8%23.3%5.5%27.0%5.3%0.9%256.4M-7.77B-101.1M1.494.46N/AN/A341,468508,4844,679,0467,356,603
2009-06-10$94.40$90.0021.6%7.1%23.3%4.3%25.9%7.5%2.1%325.2M-8.27B-98.5M1.154.42N/AN/A480,326551,9364,725,3077,323,700
2009-06-11$94.82$90.0024.3%7.0%21.0%7.3%25.5%6.7%1.6%367.4M-8.68B-98.1M1.563.55N/AN/A493,941768,5484,759,0937,363,028
2009-06-12$95.08$91.0023.9%6.8%20.9%6.8%25.2%6.8%1.4%387.8M-9.66B-104.3M1.434.27N/AN/A408,688582,5944,805,5497,509,534
2009-06-15$92.90$92.0026.1%7.5%22.6%9.4%28.1%8.1%1.2%-88.1M-2.25B-99.1M2.423.69N/AN/A568,7371,378,0774,829,3947,603,735
2009-06-16$91.64$92.0027.1%7.8%21.1%10.5%27.7%8.2%1.0%-373.7M1.89B-104.4M1.354.14N/AN/A656,031887,3964,867,8928,178,588
2009-06-17$91.55$91.0026.0%7.5%21.1%9.2%27.5%7.6%1.5%-481.5M3.04B-102.8M1.364.02N/AN/A645,714877,5644,877,1398,248,499
2009-06-18$92.22$91.0025.0%7.2%21.0%8.1%25.9%7.9%2.4%-265.2M11.0M-102.5M0.093.93N/AN/A8,799,288815,7244,941,7368,366,944
2009-06-19$92.04$92.0024.0%6.9%20.3%6.9%24.7%6.5%2.0%-487.2M6.35B-105.2M1.353.41N/AN/A661,739893,8784,290,8248,560,127
2009-06-22$89.28$91.0027.8%8.0%23.2%11.3%27.7%6.6%0.8%-541.2M12.19B-213.8M1.992.74N/AN/A409,508813,3524,331,7218,223,029
2009-06-23$89.35$91.0027.4%7.9%21.3%10.8%27.5%6.3%0.9%-452.1M8.23B-108.0M1.812.30N/AN/A335,260606,0453,420,3055,757,191
2009-06-24$90.12$91.0025.8%7.4%20.5%9.0%26.1%5.9%1.3%-409.3M6.83B-106.8M1.412.20N/AN/A458,962648,5863,465,8475,869,342
2009-06-25$92.08$91.0023.1%6.6%21.4%6.0%24.4%5.3%1.5%-148.9M2.63B-105.7M1.822.31N/AN/A379,355690,2063,553,6025,956,247
2009-06-26$91.84$91.0019.9%6.4%20.4%2.3%22.9%5.2%2.0%-272.1M3.69B-106.1M1.372.28N/AN/A311,646426,6383,610,5766,162,000
2009-06-29$92.70$91.0024.9%6.2%18.7%8.0%22.7%4.8%1.4%-128.5M1.71B-102.2M1.592.31N/AN/A317,985507,1493,650,2516,215,719
2009-06-30$91.95$91.0022.3%6.4%18.9%5.1%23.1%5.0%1.8%-285.6M3.10B-103.5M1.852.36N/AN/A428,022792,4613,718,7536,303,710