SPY Options History — June 2015

In June 2015, SPY traded between $205.66 and $212.66. ATM implied volatility averaged 12.5%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 3.1% (HV 20d: 9.4%). Max pain ranged from $210.00 to $212.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.90.

Notable Days

  • 2015-06-18: Highest Volume — 4,654,890 contracts
  • 2015-06-29: Largest IV spike — 35.1% change
  • 2015-06-29: Highest IV Rank — 64.0%
  • 2015-06-29: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$210.19$205.66$212.66$211.50$206.44
Max Pain$211.02$210.00$212.00$210.00$211.00
ATM IV12.5%10.7%16.7%12.2%15.7%
Expected Move3.7%3.0%5.2%3.8%4.8%
HV 20d9.4%8.1%11.5%9.8%11.5%
HV 60d10.1%9.4%11.4%11.4%10.2%
IV Rank33.3%18.4%64.0%32.0%56.0%
IV Percentile54.6%23.0%93.7%56.0%88.9%
Term Structure0.1%-0.3%0.8%-0.3%-0.1%
VWIV14.1%11.5%18.7%14.0%18.4%
Skew 25d5.2%4.0%7.0%5.6%6.8%
Skew 10d9.6%7.4%13.2%10.0%12.8%
Call IV 25d10.4%8.7%13.4%9.7%12.7%
Put IV 25d15.6%13.2%20.5%15.2%19.5%
Bid-Ask Spread %1.681.462.271.661.52
Gamma HHI0.050.040.110.040.07
Net GEX-6.59B-11.49B2.41B-5.13B-10.08B
Net DEX21.98B-10.84B59.72B12.56B53.23B
Net VEX-313.7M-333.7M-294.3M-314.0M-333.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.900.992.671.941.84
Total Volume2,465,022.2731,531,9824,654,8901,748,1453,626,953
Total OI19,940,391.63616,328,16022,424,55019,032,84418,968,061

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-06-01$211.50$210.0012.2%3.8%9.8%32.0%14.0%5.6%-0.3%-5.13B12.56B-314.0M1.941.66N/AN/A594,8271,153,3186,185,02912,847,815
2015-06-02$211.26$210.0012.2%3.8%9.8%31.8%14.7%5.1%-0.2%-5.55B15.95B-325.1M2.382.27N/AN/A465,5091,106,5786,383,98013,187,173
2015-06-03$211.86$210.0011.7%3.6%8.8%28.5%13.4%5.0%-0.1%-5.17B8.36B-310.5M1.871.47N/AN/A567,7601,060,0766,499,00913,447,745
2015-06-04$209.87$211.0013.1%3.8%9.3%38.8%15.0%5.9%-0.3%-9.15B31.74B-331.3M2.241.81N/AN/A856,9791,921,4046,659,55013,723,029
2015-06-05$209.83$211.0012.4%3.6%9.1%33.7%14.0%5.3%-0.1%-11.49B28.83B-323.7M1.921.66N/AN/A926,7661,775,5096,855,34214,212,906
2015-06-08$208.59$211.0013.4%3.8%8.2%40.7%15.7%5.4%0.0%-8.38B34.70B-322.5M2.451.55N/AN/A612,1251,502,6056,493,81713,556,220
2015-06-09$208.54$211.0012.7%3.7%8.1%35.8%13.7%4.5%0.1%-9.50B33.50B-316.4M1.991.60N/AN/A718,0341,427,5256,699,20614,093,331
2015-06-10$211.10$211.0011.5%3.4%9.2%27.0%13.4%4.9%0.4%-5.03B10.85B-313.8M1.492.01N/AN/A909,3701,356,8946,901,57614,386,772
2015-06-11$211.31$211.0010.9%3.3%9.2%22.6%13.7%4.9%0.8%-5.14B8.66B-310.9M1.511.60N/AN/A739,8071,116,6837,014,27014,687,591
2015-06-12$210.11$211.0011.9%3.5%8.7%30.0%13.5%4.9%0.4%-7.51B22.93B-316.1M1.621.63N/AN/A1,078,5071,749,9497,120,91314,902,987
2015-06-15$209.08$211.0013.2%3.8%8.8%39.6%14.5%5.1%-0.1%-7.66B27.32B-310.3M1.851.76N/AN/A736,2551,363,6526,767,41814,156,995
2015-06-16$210.15$211.0012.8%3.7%8.9%36.3%14.1%4.8%-0.0%-6.35B15.31B-302.5M1.801.57N/AN/A745,0061,341,8606,937,38014,417,829
2015-06-17$210.69$211.0012.4%3.5%9.0%33.2%13.8%5.2%0.3%-4.80B13.75B-307.2M1.741.69N/AN/A867,9801,514,2987,082,18114,840,129
2015-06-18$212.66$211.0010.9%3.1%9.6%22.7%13.4%4.0%0.3%2.41B-10.84B-294.3M0.991.73N/AN/A2,338,9902,315,9007,270,67515,130,036
2015-06-19$210.87$212.0012.1%3.5%10.0%31.1%13.5%5.0%-0.0%-8.46B23.30B-314.9M2.271.67N/AN/A931,9932,117,3076,621,05715,803,493
2015-06-22$212.04$211.0011.1%3.2%10.2%21.7%12.6%4.7%0.3%-2.16B8.14B-302.8M1.671.73N/AN/A639,8851,068,9145,022,00211,306,158
2015-06-23$212.07$212.0010.7%3.0%9.5%18.4%11.5%4.5%0.3%-1.82B7.78B-296.1M1.651.73N/AN/A577,523954,4595,284,69011,600,380
2015-06-24$210.67$212.0011.7%3.4%9.2%26.1%12.3%4.6%0.1%-5.58B20.92B-310.8M1.891.46N/AN/A650,2891,229,5155,576,17811,912,992
2015-06-25$210.00$211.5012.4%3.6%9.2%31.4%13.6%5.1%-0.0%-7.60B27.27B-312.2M2.261.56N/AN/A629,3061,420,7785,798,12612,149,950
2015-06-26$209.83$211.0012.4%3.7%9.0%31.4%13.7%5.2%0.1%-10.47B29.54B-308.7M1.741.55N/AN/A1,087,4141,888,1775,915,15412,467,226
2015-06-29$205.66$211.0016.7%5.2%11.4%64.0%18.7%7.0%-0.3%-10.34B59.72B-324.2M2.671.75N/AN/A1,238,1613,305,6505,688,08112,114,164
2015-06-30$206.44$211.0015.7%4.8%11.5%56.0%18.4%6.8%-0.1%-10.08B53.23B-333.7M1.841.52N/AN/A1,278,7552,348,1986,221,57812,746,483