SPY Options History — June 2014

In June 2014, SPY traded between $192.77 and $196.46. ATM implied volatility averaged 9.3%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.6% (HV 20d: 6.7%). Max pain ranged from $188.00 to $193.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 1.94.

Notable Days

  • 2014-06-19: Highest Volume — 4,319,524 contracts
  • 2014-06-24: Largest IV spike — 12.0% change
  • 2014-06-24: Highest IV Rank — 14.9%
  • 2014-06-02: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$194.93$192.77$196.46$192.77$195.92
Max Pain$190.38$188.00$193.00$188.00$193.00
ATM IV9.3%7.8%10.4%9.9%9.1%
Expected Move4.0%3.8%4.1%4.1%3.9%
HV 20d6.7%5.3%8.2%8.2%5.7%
HV 60d9.7%9.2%10.3%10.3%9.2%
IV Rank6.3%0.0%14.9%4.1%11.6%
IV Percentile2.1%0.0%7.5%2.0%2.4%
Term Structure0.3%-0.2%0.5%0.2%0.2%
VWIV16.1%14.0%20.2%18.7%15.8%
Skew 25d3.5%1.8%4.2%3.5%3.8%
Skew 10d6.9%3.3%9.0%6.5%7.5%
Call IV 25d8.1%7.1%9.1%8.6%8.0%
Put IV 25d11.6%9.1%12.8%12.2%11.8%
Bid-Ask Spread %3.312.664.233.453.31
Gamma HHI0.060.040.190.050.05
Net GEX13.3M-3.45B7.15B596.1M-604.1M
Net DEX-20.89B-48.47B3.21B-22.71B-6.05B
Net VEX-293.8M-317.7M-265.4M-277.5M-295.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.940.523.052.192.67
Total Volume2,045,244.3811,235,6584,319,5241,235,6581,635,924
Total OI18,601,892.52415,589,13120,996,78416,802,43516,661,364

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-06-02$192.77$188.009.9%4.1%8.2%4.1%18.7%3.5%0.2%596.1M-22.71B-277.5M2.193.45N/AN/A386,988848,6705,302,06611,500,369
2014-06-03$192.81$189.0010.1%4.1%8.2%5.6%15.4%3.4%-0.2%529.3M-22.49B-279.5M1.693.14N/AN/A573,599971,4345,409,00511,778,270
2014-06-04$193.19$189.0010.4%4.1%7.8%9.4%15.1%3.5%0.0%697.2M-24.93B-286.5M2.053.39N/AN/A707,0171,451,1765,635,77812,242,336
2014-06-05$194.47$190.0010.0%4.0%7.8%4.9%16.7%3.3%0.2%2.58B-36.93B-285.2M1.463.39N/AN/A1,199,4301,749,7825,904,82512,772,030
2014-06-06$195.51$190.009.0%3.9%7.9%0.0%15.5%2.9%0.2%7.15B-45.02B-277.5M1.693.00N/AN/A1,175,3321,985,7565,968,99813,217,271
2014-06-09$195.61$190.009.2%3.9%7.9%1.9%14.3%3.0%0.3%1.21B-37.82B-276.6M1.842.66N/AN/A623,7631,149,8175,615,02613,009,767
2014-06-10$195.65$190.008.9%3.9%7.3%0.0%20.2%3.1%0.3%1.45B-37.70B-280.1M1.403.00N/AN/A585,739818,5065,793,45313,407,457
2014-06-11$194.95$190.009.2%3.9%7.5%2.3%14.0%3.3%0.5%-71.2M-29.28B-290.5M1.682.93N/AN/A545,031914,9146,012,24213,634,301
2014-06-12$193.73$190.0010.0%4.0%7.7%9.6%14.6%3.7%0.3%-2.67B-14.71B-313.0M2.293.62N/AN/A775,9351,773,2076,164,37013,909,954
2014-06-13$194.18$190.009.6%4.0%6.6%6.1%16.1%3.8%0.5%-2.59B-17.54B-317.7M2.463.25N/AN/A611,7491,502,0086,252,20514,446,937
2014-06-16$194.27$190.0010.1%4.1%6.5%10.6%19.6%3.9%0.2%-1.45B-18.23B-313.0M1.803.24N/AN/A454,191816,0265,957,43214,136,937
2014-06-17$194.77$190.009.4%4.0%6.5%4.7%16.4%3.8%0.5%-1.02B-21.75B-312.9M3.053.41N/AN/A407,9071,243,5926,047,82214,344,177
2014-06-18$196.30$190.008.4%3.9%5.9%0.0%18.3%3.1%0.3%1.82B-41.01B-285.6M2.054.23N/AN/A844,8211,733,6246,121,71714,753,065
2014-06-19$196.46$190.007.8%3.8%5.3%0.0%16.5%1.8%0.3%3.35B-48.47B-265.4M0.523.82N/AN/A2,839,1891,480,3356,125,55714,871,227
2014-06-20$195.81$191.008.2%3.9%5.6%3.4%16.6%3.0%0.5%-2.25B-5.07B-288.1M1.853.14N/AN/A786,8741,457,2554,377,93415,371,852
2014-06-23$195.78$191.008.5%3.9%5.6%6.1%15.0%3.6%0.4%-624.4M-7.03B-291.8M2.463.40N/AN/A422,1481,036,6394,157,41911,431,712
2014-06-24$194.80$191.009.5%4.0%5.7%14.9%14.2%4.2%0.3%-3.45B3.21B-305.0M2.183.70N/AN/A744,8801,620,4274,324,79711,866,036
2014-06-25$195.45$191.009.3%4.0%5.8%12.9%14.6%3.7%0.3%-2.20B-1.54B-305.1M2.013.33N/AN/A530,9141,068,1894,557,39712,306,780
2014-06-26$195.37$192.009.2%3.9%5.6%12.1%15.6%4.1%0.4%-2.85B-355.9M-309.7M1.803.02N/AN/A673,9811,215,7954,750,23212,638,055
2014-06-27$195.67$193.009.2%3.9%5.7%11.7%14.5%4.1%0.4%671.4M-3.27B-314.4M1.633.10N/AN/A603,585983,9834,984,43712,877,134
2014-06-30$195.92$193.009.1%3.9%5.7%11.6%15.8%3.8%0.2%-604.1M-6.05B-295.2M2.673.31N/AN/A445,6811,190,2434,529,42112,131,943