SPY Options History — June 2011

In June 2011, SPY traded between $126.81 and $131.97. ATM implied volatility averaged 17.1%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.5% (HV 20d: 14.6%). Max pain ranged from $130.00 to $133.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.87.

Notable Days

  • 2011-06-16: Highest Volume — 6,056,661 contracts
  • 2011-06-29: Largest IV drop — 24.7% change
  • 2011-06-27: Highest IV Rank — 36.3%
  • 2011-06-16: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$128.95$126.81$131.97$131.87$131.97
Max Pain$131.50$130.00$133.00$133.00$130.00
ATM IV17.1%12.8%22.4%15.9%12.8%
Expected Move4.7%3.7%5.5%4.5%3.7%
HV 20d14.6%12.9%16.5%13.5%15.4%
HV 60d11.9%11.3%12.8%12.2%12.8%
IV Rank19.4%9.6%36.3%15.2%9.6%
IV Percentile50.4%7.5%89.7%38.9%7.5%
Term Structure0.3%-0.3%1.8%-0.1%1.8%
VWIV17.6%14.9%20.6%17.0%14.9%
Skew 25d5.3%3.9%7.2%5.3%3.9%
Skew 10d10.5%7.9%14.9%10.5%7.9%
Call IV 25d14.4%11.4%16.1%13.9%11.4%
Put IV 25d19.7%15.3%23.3%19.2%15.3%
Bid-Ask Spread %3.732.327.356.932.41
Gamma HHI0.090.060.390.060.07
Net GEX-4.40B-9.03B-817.5M-4.08B-817.5M
Net DEX33.61B-3.61B53.54B25.61B-3.61B
Net VEX-262.1M-278.4M-249.6M-266.3M-258.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.870.832.581.802.19
Total Volume2,932,935.7731,866,5276,056,6612,828,8773,988,831
Total OI19,683,859.22716,685,62722,689,06118,561,61720,973,581

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-06-01$131.87$133.0015.9%4.5%13.5%15.2%17.0%5.3%-0.1%-4.08B25.61B-266.3M1.806.93N/AN/A1,012,0071,816,8705,254,78113,306,836
2011-06-02$131.73$133.0015.8%4.5%13.4%14.9%16.5%5.2%-0.2%-4.40B26.74B-269.6M1.813.43N/AN/A899,2241,630,2355,497,31513,594,900
2011-06-03$130.42$133.0016.2%4.6%13.5%16.1%16.4%4.6%-0.2%-4.94B38.63B-264.2M1.927.35N/AN/A976,9201,873,9755,662,31813,876,389
2011-06-06$129.04$133.0016.7%4.8%13.7%17.9%17.3%4.7%-0.3%-5.02B41.59B-257.2M2.033.43N/AN/A708,7711,437,8385,520,63113,579,807
2011-06-07$128.96$133.0016.3%4.7%13.5%16.5%17.4%4.5%-0.2%-5.02B41.09B-254.2M1.854.44N/AN/A717,1151,323,9815,709,31113,746,455
2011-06-08$128.42$133.0017.8%4.8%12.9%21.3%16.6%4.2%-0.2%-5.52B47.15B-253.9M1.985.34N/AN/A861,9521,705,2685,848,90414,084,352
2011-06-09$129.40$132.0015.8%4.5%13.1%14.9%16.1%4.7%0.7%-4.86B38.88B-255.9M1.682.32N/AN/A719,4791,209,1446,011,55114,268,037
2011-06-10$127.60$132.0016.2%4.6%13.5%16.2%17.1%4.7%0.7%-5.90B51.12B-249.6M1.883.88N/AN/A1,228,7172,314,9636,145,73314,242,611
2011-06-13$127.70$132.0016.7%4.8%13.5%17.8%17.6%5.1%0.7%-5.33B48.71B-252.7M1.733.02N/AN/A772,1551,336,6636,147,69314,426,283
2011-06-14$129.32$132.0015.5%4.5%14.4%14.1%16.2%4.8%1.0%-4.41B34.00B-252.0M1.512.43N/AN/A829,4071,252,2466,384,00814,616,331
2011-06-15$127.02$132.0017.8%5.1%15.5%21.3%18.7%6.2%0.5%-5.67B53.54B-254.7M1.785.86N/AN/A1,406,4612,505,7656,565,08114,762,250
2011-06-16$127.30$131.0019.2%5.5%15.0%25.8%20.6%7.2%-0.1%-5.36B50.79B-260.6M0.833.61N/AN/A3,316,0062,740,6556,830,59514,986,195
2011-06-17$127.05$131.0018.9%5.4%14.9%25.0%20.0%6.9%0.1%-9.03B50.01B-268.4M2.043.23N/AN/A1,146,9992,343,0237,104,54015,584,521
2011-06-20$127.70$131.0017.3%5.0%15.0%19.9%18.5%6.1%0.4%-3.33B29.82B-263.5M1.852.70N/AN/A654,5571,211,9704,874,20111,811,426
2011-06-21$129.45$131.0017.1%4.9%15.6%19.2%18.3%5.5%0.1%-2.67B20.07B-266.2M2.103.45N/AN/A1,056,3232,217,5955,113,55912,136,687
2011-06-22$128.67$131.0016.0%4.6%15.7%15.5%16.6%5.0%0.8%-3.91B26.83B-267.1M1.822.79N/AN/A723,4041,316,4545,297,17612,859,247
2011-06-23$128.30$130.0017.0%4.9%15.6%18.9%18.4%5.3%0.5%-4.10B29.57B-270.8M2.194.48N/AN/A1,302,0342,856,5295,442,41812,936,981
2011-06-24$126.81$130.0020.5%5.4%15.8%30.1%19.5%6.1%-0.3%-5.14B40.46B-278.4M1.743.37N/AN/A953,0251,660,8995,712,48813,546,850
2011-06-27$127.94$130.0022.4%5.2%16.2%36.3%19.8%5.9%-0.1%-3.57B28.91B-274.1M2.092.35N/AN/A687,9901,439,5835,593,12813,391,604
2011-06-28$129.61$130.0019.8%4.6%16.5%27.8%17.7%5.7%0.4%-2.23B14.63B-269.0M1.842.61N/AN/A924,9851,699,1855,784,55813,754,045
2011-06-29$130.72$130.0014.9%3.9%14.9%12.3%16.5%4.4%1.6%-1.45B4.88B-260.2M2.582.68N/AN/A1,047,0742,698,3105,922,17714,137,349
2011-06-30$131.97$130.0012.8%3.7%15.4%9.6%14.9%3.9%1.8%-817.5M-3.61B-258.0M2.192.41N/AN/A1,250,3342,738,4976,019,85814,953,723