SPY Options History — February 2010

In February 2010, SPY traded between $105.89 and $111.16. ATM implied volatility averaged 19.6%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 0.5% (HV 20d: 19.1%). Max pain ranged from $109.00 to $112.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.60.

Notable Days

  • 2010-02-05: Highest Volume — 2,879,912 contracts
  • 2010-02-04: Largest IV spike — 34.2% change
  • 2010-02-04: Highest IV Rank — 26.2%
  • 2010-02-04: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.15$105.89$111.16$109.06$110.74
Max Pain$109.89$109.00$112.00$112.00$109.00
ATM IV19.6%16.9%24.1%19.5%16.9%
Expected Move5.7%4.9%6.9%5.6%4.9%
HV 20d19.1%16.8%21.1%17.4%17.7%
HV 60d15.2%14.4%15.8%14.7%14.9%
IV Rank15.3%8.8%26.2%15.0%8.8%
IV Percentile23.0%7.5%54.8%18.3%7.5%
Term Structure0.3%-0.3%1.8%0.9%0.3%
VWIV20.9%17.8%24.6%20.3%17.8%
Skew 25d6.0%4.6%7.4%5.2%5.3%
Skew 10d11.7%8.9%14.7%11.2%10.5%
Call IV 25d17.4%15.1%20.9%17.2%15.1%
Put IV 25d23.4%20.4%28.1%22.4%20.4%
Bid-Ask Spread %2.610.935.891.495.89
Gamma HHI0.060.050.070.060.05
Net GEX-1.37B-2.09B-685.3M-1.55B-895.7M
Net DEX11.94B8.7M25.78B15.81B3.33B
Net VEX-151.5M-159.3M-142.7M-145.8M-153.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.601.232.361.231.52
Total Volume1,460,332.684826,5172,879,9121,254,7361,050,188
Total OI13,403,527.21111,535,08915,406,43012,005,91512,848,125

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-02-01$109.06$112.0019.5%5.6%17.4%15.0%20.3%5.2%0.9%-1.55B15.81B-145.8M1.231.49N/AN/A561,747692,9893,462,0838,543,832
2010-02-02$110.38$112.0018.1%5.2%16.9%11.6%18.5%4.6%1.6%-1.33B11.10B-148.0M1.271.38N/AN/A502,874636,7943,645,5018,679,277
2010-02-03$109.83$112.0017.9%5.1%16.8%11.2%19.1%5.1%1.8%-1.34B11.62B-148.7M2.361.71N/AN/A246,057580,4603,729,9428,719,486
2010-02-04$106.44$112.0024.1%6.9%19.8%26.2%23.1%5.8%0.1%-1.88B24.39B-151.7M1.641.51N/AN/A830,8471,361,8343,761,5038,913,992
2010-02-05$106.66$110.0021.8%6.7%19.7%20.7%24.6%7.4%-0.3%-1.94B25.07B-155.1M2.273.87N/AN/A880,5431,999,3693,980,8529,211,078
2010-02-08$105.89$110.0023.0%6.9%19.6%23.6%24.4%7.4%-0.2%-2.01B25.78B-156.6M1.362.89N/AN/A583,126793,4484,214,3559,489,469
2010-02-09$107.22$110.0021.8%6.7%20.4%20.8%24.1%7.4%-0.3%-1.89B21.67B-158.4M1.512.13N/AN/A711,7981,077,4854,293,2399,577,671
2010-02-10$107.01$109.0020.7%6.5%20.3%18.0%23.8%7.1%-0.2%-2.09B22.96B-159.3M1.602.21N/AN/A530,654846,7134,429,7929,754,762
2010-02-11$108.13$109.0021.6%6.2%20.4%20.2%22.4%6.6%0.1%-1.82B17.55B-159.2M1.662.34N/AN/A547,055905,4364,479,1999,838,536
2010-02-12$108.04$109.0021.2%6.1%20.3%19.3%22.2%6.8%0.1%-1.79B15.96B-157.5M1.682.70N/AN/A549,963922,4154,619,89710,026,904
2010-02-16$109.74$109.0019.9%5.7%21.1%16.0%21.2%6.5%0.2%-1.44B9.07B-150.4M1.302.51N/AN/A615,799799,8814,675,57610,122,816
2010-02-17$110.26$109.0019.6%5.6%20.6%15.3%20.5%6.1%0.3%-945.5M4.86B-150.6M1.722.31N/AN/A500,905862,4474,862,16110,178,948
2010-02-18$110.91$109.0017.8%5.1%20.6%11.0%19.6%5.7%0.6%-784.9M1.93B-142.7M1.491.88N/AN/A666,050991,7064,883,30610,213,168
2010-02-19$111.14$109.0017.6%5.0%19.4%10.3%18.6%5.1%0.2%-775.4M8.7M-142.8M1.661.90N/AN/A677,2191,121,4305,037,84310,368,587
2010-02-22$111.16$110.0017.5%5.0%17.6%10.1%18.0%5.0%0.0%-685.3M1.94B-143.3M1.231.73N/AN/A434,847533,1093,425,9188,109,171
2010-02-23$109.81$110.0018.7%5.3%18.1%13.0%19.7%5.5%0.1%-986.0M5.92B-149.7M1.260.93N/AN/A605,809762,9533,547,8838,308,164
2010-02-24$110.82$109.0017.6%5.1%18.3%10.5%20.3%5.4%0.2%-840.4M3.50B-152.1M2.005.07N/AN/A347,485693,6233,715,8218,498,315
2010-02-25$110.67$109.0017.4%5.0%18.2%9.9%18.4%5.6%0.2%-943.1M4.42B-153.7M1.665.17N/AN/A496,503824,7603,768,7278,731,118
2010-02-26$110.74$109.0016.9%4.9%17.7%8.8%17.8%5.3%0.3%-895.7M3.33B-153.1M1.525.89N/AN/A417,342632,8463,878,8238,969,302