SPY Options History — July 2010

In July 2010, SPY traded between $102.20 and $111.56. ATM implied volatility averaged 22.4%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 0.3% (HV 20d: 22.1%). Max pain ranged from $108.00 to $110.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.66.

Notable Days

  • 2010-07-01: Highest Volume — 3,124,200 contracts
  • 2010-07-12: Largest IV spike — 22.2% change
  • 2010-07-06: Highest IV Rank — 55.8%
  • 2010-07-01: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.09$102.20$111.56$102.76$110.27
Max Pain$108.90$108.00$110.00$110.00$110.00
ATM IV22.4%19.0%28.7%28.5%20.9%
Expected Move6.5%5.5%8.2%8.2%5.8%
HV 20d22.1%20.0%24.2%24.1%20.0%
HV 60d26.4%25.3%27.0%25.3%26.2%
IV Rank35.3%24.2%55.8%55.2%30.3%
IV Percentile66.9%37.3%94.4%94.0%54.4%
Term Structure1.3%0.6%1.9%0.6%1.7%
VWIV23.9%20.9%29.6%29.6%21.0%
Skew 25d6.8%5.2%8.9%7.1%5.2%
Skew 10d13.4%10.0%17.2%14.1%11.0%
Call IV 25d19.7%17.1%25.8%25.8%17.3%
Put IV 25d26.5%22.5%33.0%33.0%22.5%
Bid-Ask Spread %2.721.893.492.862.88
Gamma HHI0.060.040.120.060.05
Net GEX-1.53B-2.96B-760.5M-2.03B-1.23B
Net DEX19.74B6.17B45.40B41.98B10.73B
Net VEX-201.6M-208.4M-197.4M-204.4M-201.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.661.212.091.971.21
Total Volume1,626,718.286944,5333,124,2003,124,2001,559,822
Total OI15,742,602.42913,517,88117,638,73715,465,80215,774,373

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-07-01$102.76$110.0028.5%8.2%24.1%55.2%29.6%7.1%0.6%-2.03B41.98B-204.4M1.972.86N/AN/A1,052,2292,071,9714,728,76910,737,033
2010-07-02$102.20$110.0024.4%7.4%20.9%41.7%25.3%5.9%1.9%-2.36B45.40B-200.4M1.462.95N/AN/A611,793896,2204,962,03411,251,937
2010-07-06$102.87$109.0028.7%7.6%20.8%55.8%27.5%8.9%1.0%-2.27B41.43B-197.4M2.013.29N/AN/A575,6171,157,6374,920,47811,192,640
2010-07-07$106.11$108.0023.9%6.9%23.4%40.2%25.9%8.3%1.4%-1.95B27.65B-208.4M1.692.44N/AN/A765,6421,290,5375,015,63611,474,617
2010-07-08$107.16$108.0021.9%6.7%23.6%33.4%24.3%7.7%1.2%-1.77B23.32B-205.5M1.322.72N/AN/A714,081945,6365,105,22311,474,697
2010-07-09$107.96$108.0019.0%6.4%21.3%24.2%24.1%7.3%1.3%-1.85B20.45B-201.2M1.663.49N/AN/A489,091814,3065,136,45611,531,263
2010-07-12$108.03$108.0023.3%6.5%21.2%38.0%24.5%7.5%1.2%-1.70B19.62B-199.6M1.632.62N/AN/A402,499656,0015,105,82111,497,907
2010-07-13$109.66$108.0021.8%6.4%21.9%33.2%24.7%7.4%1.0%-1.37B12.79B-198.9M1.662.75N/AN/A692,2301,145,9695,133,59011,590,016
2010-07-14$109.65$109.0020.5%6.5%20.3%28.9%24.0%7.4%0.9%-1.39B13.33B-202.8M1.422.35N/AN/A725,9121,030,3075,206,64811,858,980
2010-07-15$109.68$109.0022.8%6.5%20.3%36.6%25.1%7.5%0.9%-1.65B14.25B-204.7M1.933.40N/AN/A633,5561,221,6205,301,13212,114,167
2010-07-16$106.66$109.0023.8%6.8%22.4%39.7%24.7%7.5%1.5%-2.96B30.37B-204.1M2.093.35N/AN/A886,1031,850,0585,353,66012,285,077
2010-07-19$107.29$109.0023.4%6.7%22.6%38.4%24.7%7.2%1.4%-1.36B20.67B-197.4M1.992.84N/AN/A418,737835,1754,099,1379,418,744
2010-07-20$108.48$109.0022.1%6.3%23.0%34.1%23.7%6.5%1.4%-1.19B16.12B-199.1M1.572.20N/AN/A568,911892,8504,199,4639,672,098
2010-07-21$107.07$109.0023.1%6.6%22.8%37.5%23.7%6.7%1.2%-1.51B21.70B-201.6M1.802.71N/AN/A496,071892,8334,348,1329,975,208
2010-07-22$109.46$109.0022.3%6.4%24.2%34.8%23.2%6.4%1.1%-952.1M12.77B-205.8M1.783.31N/AN/A579,8031,033,9434,500,49110,196,799
2010-07-23$110.41$109.0021.1%6.0%23.5%31.0%22.0%6.3%1.2%-760.5M8.43B-205.8M1.331.89N/AN/A647,242858,7924,591,71810,441,303
2010-07-26$111.56$109.0019.3%5.5%23.7%25.1%20.9%5.9%1.5%-826.8M6.17B-198.8M1.501.95N/AN/A421,413631,0724,487,24310,381,286
2010-07-27$111.55$109.0019.5%5.6%23.6%25.8%21.0%5.9%1.5%-813.2M6.34B-198.7M1.552.10N/AN/A370,990573,5434,513,95510,482,120
2010-07-28$110.83$109.0020.4%5.9%20.4%28.7%21.7%5.5%1.4%-1.09B9.26B-199.3M1.722.22N/AN/A414,971712,7694,563,60810,598,072
2010-07-29$110.29$109.0020.7%5.9%20.1%29.5%21.0%5.4%1.7%-1.20B11.76B-199.2M1.582.71N/AN/A628,424994,7084,627,05510,746,065
2010-07-30$110.27$110.0020.9%5.8%20.0%30.3%21.0%5.2%1.7%-1.23B10.73B-201.0M1.212.88N/AN/A706,258853,5644,747,54111,026,832