SPY Options History — June 2012

In June 2012, SPY traded between $128.10 and $136.10. ATM implied volatility averaged 18.5%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 0.6% (HV 20d: 17.9%). Max pain ranged from $133.00 to $135.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.63.

Notable Days

  • 2012-06-14: Highest Volume — 6,451,974 contracts
  • 2012-06-11: Largest IV spike — 32.8% change
  • 2012-06-01: Highest IV Rank — 20.7%
  • 2012-06-01: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$132.54$128.10$136.10$128.16$136.10
Max Pain$133.33$133.00$135.00$135.00$133.00
ATM IV18.5%12.9%24.3%24.3%12.9%
Expected Move5.4%4.1%7.0%7.0%4.1%
HV 20d17.9%14.7%20.0%15.4%18.4%
HV 60d14.9%13.8%16.5%13.9%16.5%
IV Rank11.4%2.4%20.7%20.7%2.4%
IV Percentile42.4%5.2%64.3%64.3%5.2%
Term Structure0.3%-1.2%1.4%-1.0%1.4%
VWIV20.1%16.1%24.8%24.7%16.1%
Skew 25d6.0%3.9%7.8%7.5%3.9%
Skew 10d11.2%7.2%14.6%14.4%7.2%
Call IV 25d16.2%12.4%21.0%21.0%12.4%
Put IV 25d22.2%16.3%28.6%28.6%16.3%
Bid-Ask Spread %3.312.086.126.122.74
Gamma HHI0.060.040.100.100.06
Net GEX-2.19B-4.55B702.9M-4.55B702.9M
Net DEX21.06B-8.53B54.91B54.91B-8.53B
Net VEX-287.3M-298.3M-273.8M-281.9M-273.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.630.362.491.541.24
Total Volume2,833,9021,553,2546,451,9744,345,7053,519,492
Total OI21,070,936.8118,118,18323,744,50320,509,51221,255,670

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-06-01$128.16$135.0024.3%7.0%15.4%20.7%24.7%7.5%-1.0%-4.55B54.91B-281.9M1.546.12N/AN/A1,711,7812,633,9246,752,78613,756,726
2012-06-04$128.10$134.0023.7%6.8%14.7%19.8%24.8%7.1%-0.9%-3.64B51.75B-275.4M1.484.74N/AN/A1,009,6741,498,8766,735,07013,600,791
2012-06-05$129.07$134.0022.7%6.5%15.1%18.2%23.0%6.3%-0.7%-3.25B43.17B-281.1M1.243.37N/AN/A1,013,7111,257,7627,068,81413,877,516
2012-06-06$131.97$134.0020.4%5.9%17.6%14.5%22.2%6.3%-1.1%-1.59B21.73B-285.8M1.703.03N/AN/A1,188,0052,015,4837,435,19214,004,094
2012-06-07$132.05$133.0017.9%5.9%17.5%10.5%21.4%6.7%-1.2%-1.76B22.81B-287.2M1.563.52N/AN/A1,215,1451,896,5847,518,83814,512,593
2012-06-08$133.10$133.0016.5%5.5%17.8%8.2%21.4%6.4%-0.8%-1.82B13.55B-286.1M1.234.71N/AN/A1,147,0871,406,6197,606,69615,002,950
2012-06-11$131.42$133.0021.9%6.1%18.3%16.9%21.6%7.3%0.1%-3.18B33.00B-288.8M1.293.52N/AN/A982,6281,264,6737,451,74614,770,754
2012-06-12$132.92$133.0017.5%5.6%18.5%9.7%21.7%7.2%0.4%-2.17B18.42B-287.9M2.043.24N/AN/A760,1841,551,5787,583,88515,063,430
2012-06-13$132.07$133.0019.3%6.1%18.5%12.7%22.7%7.8%0.1%-3.05B28.76B-295.2M2.253.01N/AN/A793,3851,787,0177,703,24415,510,328
2012-06-14$133.47$133.0019.9%5.7%18.8%13.7%20.3%7.0%0.4%-1.79B15.32B-294.8M0.364.02N/AN/A4,740,2311,711,7437,783,10815,961,395
2012-06-15$134.14$133.0018.5%5.3%18.0%11.5%19.9%7.3%0.6%114.8M14.85B-294.0M1.533.84N/AN/A1,405,8272,151,9807,505,11516,222,831
2012-06-18$134.40$133.0017.0%4.9%17.6%8.9%18.1%6.1%0.9%-922.3M5.19B-283.1M1.963.03N/AN/A685,0311,345,7795,819,25412,298,929
2012-06-19$135.70$133.0015.8%4.5%17.0%7.1%18.2%5.7%1.1%-501.4M-487.3M-281.9M2.492.20N/AN/A788,8851,960,7575,940,85812,700,782
2012-06-20$135.48$133.0015.4%4.4%17.0%6.4%16.6%4.9%1.3%-927.4M753.3M-283.2M1.482.37N/AN/A973,1081,440,3876,023,88213,219,278
2012-06-21$132.44$134.0017.9%5.1%19.0%10.5%18.3%5.5%1.1%-3.44B23.89B-298.3M1.724.00N/AN/A1,256,4172,156,0616,268,08313,664,600
2012-06-22$133.46$134.0016.3%4.7%19.2%7.8%17.1%4.6%1.3%-2.74B17.59B-290.8M1.873.55N/AN/A773,4461,446,0466,410,59613,970,356
2012-06-25$131.32$133.0018.4%5.3%20.0%11.2%18.9%4.7%0.7%-3.72B29.48B-290.7M1.922.16N/AN/A787,2501,511,1446,140,35113,686,615
2012-06-26$131.98$133.0017.8%5.1%19.6%10.2%18.4%4.6%0.8%-3.03B22.51B-292.3M1.932.08N/AN/A559,2851,079,0126,353,85513,941,351
2012-06-27$133.17$133.0017.2%4.9%19.2%9.2%18.2%4.8%1.2%-2.11B15.29B-291.2M1.882.19N/AN/A538,7161,014,5386,463,71514,084,387
2012-06-28$132.79$133.0017.1%4.9%19.2%9.2%18.5%4.8%0.8%-2.66B18.28B-290.3M1.622.12N/AN/A965,7491,566,9426,520,57914,298,630
2012-06-29$136.10$133.0012.9%4.1%18.4%2.4%16.1%3.9%1.4%702.9M-8.53B-273.8M1.242.74N/AN/A1,570,0281,949,4646,673,66714,582,003