SPY Options History — June 2016

In June 2016, SPY traded between $199.62 and $212.31. ATM implied volatility averaged 14.5%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 3.8% (HV 20d: 10.7%). Max pain ranged from $206.00 to $209.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.39.

Notable Days

  • 2016-06-24: Highest Volume — 5,862,194 contracts
  • 2016-06-24: Largest IV spike — 36.8% change
  • 2016-06-27: Highest IV Rank — 44.9%
  • 2016-06-27: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$208.42$199.62$212.31$210.15$209.10
Max Pain$208.34$206.00$209.00$206.00$207.50
ATM IV14.5%11.1%19.9%12.2%13.3%
Expected Move4.2%3.2%6.0%3.5%3.7%
HV 20d10.7%7.4%19.0%10.0%19.0%
HV 60d10.3%9.2%13.4%10.0%13.4%
IV Rank21.0%5.6%44.9%10.2%15.4%
IV Percentile43.3%5.6%78.6%17.1%34.5%
Term Structure-0.0%-0.3%0.4%-0.3%0.1%
VWIV15.9%12.6%21.2%12.8%14.6%
Skew 25d6.4%4.8%9.0%5.2%5.4%
Skew 10d12.5%8.9%18.1%9.7%11.4%
Call IV 25d11.9%9.3%16.2%10.0%10.9%
Put IV 25d18.3%14.2%24.4%15.2%16.3%
Bid-Ask Spread %1.761.472.661.631.47
Gamma HHI0.040.030.080.030.04
Net GEX-1.60B-8.46B4.78B847.3M152.2M
Net DEX7.90B-28.86B73.27B-12.42B-11.77B
Net VEX-393.8M-424.9M-358.7M-366.4M-403.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.941.971.461.64
Total Volume3,128,697.4551,927,9715,862,1941,927,9714,293,473
Total OI22,111,395.54519,088,02024,654,49320,720,38123,734,672

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-06-01$210.15$206.0012.2%3.5%10.0%10.2%12.8%5.2%-0.3%847.3M-12.42B-366.4M1.461.63N/AN/A783,0471,144,9247,594,91013,125,471
2016-06-02$210.74$207.0011.7%3.2%9.7%7.9%12.8%5.0%-0.2%1.90B-16.57B-367.2M1.371.66N/AN/A891,4711,217,3677,851,70413,288,452
2016-06-03$210.39$208.0011.1%3.2%9.7%5.6%13.0%4.8%-0.2%1.67B-16.31B-360.4M1.421.65N/AN/A1,137,9951,616,4328,134,62313,627,023
2016-06-06$211.44$208.0011.2%3.3%9.8%6.0%13.0%4.8%0.3%3.08B-22.20B-358.7M1.251.58N/AN/A1,047,9411,306,8207,822,52513,181,374
2016-06-07$211.64$208.0011.5%3.2%9.8%7.1%13.0%4.9%-0.2%3.26B-22.85B-366.8M1.151.72N/AN/A984,0841,132,6048,190,75413,557,152
2016-06-08$212.31$208.0011.2%3.3%8.9%5.9%12.6%4.9%0.4%4.78B-28.86B-373.7M1.281.74N/AN/A1,023,4631,313,6698,523,77313,828,304
2016-06-09$212.14$208.0011.7%3.4%8.2%8.3%13.3%5.1%0.2%3.92B-26.47B-376.4M1.571.56N/AN/A967,3201,519,2768,754,62414,287,415
2016-06-10$210.02$209.0013.7%3.9%9.2%17.2%15.8%6.4%-0.0%-4.58B472.3M-400.2M1.501.66N/AN/A1,514,0662,271,5448,948,56014,648,194
2016-06-13$208.38$209.0016.5%4.7%9.1%29.7%18.7%7.9%-0.3%-3.09B16.50B-409.1M1.321.90N/AN/A1,142,1541,511,2478,348,59314,174,106
2016-06-14$208.00$209.0016.4%4.7%8.6%29.4%18.3%7.5%-0.1%-3.85B20.64B-408.6M1.501.70N/AN/A1,351,1302,026,8538,554,26914,637,834
2016-06-15$207.62$209.0015.9%4.6%8.6%27.1%16.5%7.4%0.2%-4.72B24.04B-413.7M0.981.93N/AN/A1,348,0331,315,8628,868,15315,108,454
2016-06-16$208.39$209.0015.3%4.4%8.1%24.5%17.0%6.2%-0.3%-4.40B14.24B-394.4M1.331.90N/AN/A1,702,8152,269,0889,077,70915,409,238
2016-06-17$206.60$209.0016.1%4.6%8.8%27.8%16.8%7.2%0.3%-6.53B34.41B-409.2M0.941.67N/AN/A1,781,3731,676,1988,868,64315,785,850
2016-06-20$207.78$209.0015.1%4.4%8.8%23.6%16.8%7.3%0.0%-2.00B16.63B-400.8M1.971.62N/AN/A743,2651,462,1817,139,71411,948,306
2016-06-21$208.50$209.0015.4%4.5%8.8%24.9%16.2%7.4%0.0%-1.43B12.05B-405.5M1.271.70N/AN/A931,6691,184,1777,350,65812,301,240
2016-06-22$208.22$209.0017.5%5.2%7.4%34.1%17.8%8.3%-0.3%-1.20B14.35B-424.9M1.211.95N/AN/A1,551,7171,878,1527,737,69912,664,728
2016-06-23$210.66$209.0014.2%4.2%8.1%19.6%15.2%7.0%0.0%1.79B-8.16B-417.9M1.122.66N/AN/A1,508,3491,688,2918,279,77713,343,199
2016-06-24$204.00$209.0019.5%5.8%14.1%43.3%21.2%9.0%-0.2%-8.46B56.35B-423.4M1.721.97N/AN/A2,155,2023,706,9928,641,94413,837,512
2016-06-27$199.62$209.0019.9%6.0%15.7%44.9%20.9%7.8%0.0%-7.68B73.27B-392.9M1.601.71N/AN/A1,683,7232,694,5907,752,07313,043,783
2016-06-28$203.06$208.0016.3%4.8%17.2%28.9%16.9%5.9%-0.0%-6.06B44.36B-391.1M1.331.74N/AN/A1,578,4042,105,9188,199,65213,621,316
2016-06-29$206.58$207.0014.4%4.1%18.4%20.5%16.2%5.6%0.1%-2.51B12.05B-399.2M1.641.62N/AN/A1,389,0322,279,4338,556,28614,100,436
2016-06-30$209.10$207.5013.3%3.7%19.0%15.4%14.6%5.4%0.1%152.2M-11.77B-403.5M1.641.47N/AN/A1,628,0712,665,4028,900,75514,833,917