SPY Options History — June 2017

In June 2017, SPY traded between $241.64 and $244.56. ATM implied volatility averaged 7.8%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 2.4%. IV traded above realized volatility by 0.9% (HV 20d: 6.9%). Max pain ranged from $237.00 to $243.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.53.

Notable Days

  • 2017-06-09: Highest Volume — 3,992,974 contracts
  • 2017-06-27: Largest IV spike — 15.0% change
  • 2017-06-29: Highest IV Rank — 19.8%
  • 2017-06-29: Largest Expected Move — 2.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$243.28$241.64$244.56$242.98$242.58
Max Pain$241.32$237.00$243.00$237.00$243.00
ATM IV7.8%6.7%9.2%7.4%8.0%
Expected Move2.4%2.2%2.7%2.5%2.4%
HV 20d6.9%5.0%7.9%7.6%6.9%
HV 60d6.9%6.3%7.2%7.1%7.1%
IV Rank7.9%0.0%19.8%0.3%9.9%
IV Percentile6.7%0.0%26.2%0.4%7.9%
Term Structure0.1%-1.2%1.5%-1.0%-1.2%
VWIV9.2%8.2%10.0%9.6%9.4%
Skew 25d3.6%2.9%4.4%3.9%3.7%
Skew 10d6.7%5.5%8.2%6.9%6.8%
Call IV 25d6.7%6.2%7.3%6.3%6.8%
Put IV 25d10.3%9.5%11.6%10.1%10.6%
Bid-Ask Spread %3.292.094.813.702.09
Gamma HHI0.060.040.110.070.04
Net GEX1.78B-6.06B8.14B7.53B-2.31B
Net DEX-21.39B-58.64B16.09B-43.99B3.09B
Net VEX-405.1M-424.0M-377.7M-398.9M-420.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.530.941.981.481.91
Total Volume2,318,509.8641,489,1363,992,9742,392,9072,348,297
Total OI20,954,047.95517,104,55423,981,00621,951,90219,840,166

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-06-01$242.98$237.007.4%2.5%7.6%0.3%9.6%3.9%-1.0%7.53B-43.99B-398.9M1.483.70N/AN/A964,3121,428,5956,992,14614,959,756
2017-06-02$244.09$237.007.1%2.5%7.7%0.0%9.1%3.1%-0.5%8.14B-58.64B-401.4M1.263.63N/AN/A1,248,9461,568,3927,203,14315,465,966
2017-06-05$244.09$240.006.7%2.3%7.7%0.0%9.6%3.1%0.6%6.69B-51.62B-394.8M1.982.81N/AN/A543,9431,075,0527,063,74714,953,001
2017-06-06$243.34$240.007.7%2.5%7.8%7.4%9.0%3.5%0.9%3.25B-39.99B-410.6M1.013.05N/AN/A1,118,5081,134,9107,243,06015,301,646
2017-06-07$243.89$240.007.6%2.4%7.8%7.1%9.6%3.5%-0.2%6.52B-47.10B-414.1M1.963.23N/AN/A716,2151,406,0837,532,25515,621,407
2017-06-08$243.69$240.007.5%2.3%7.8%5.8%9.4%3.6%-0.4%4.50B-45.35B-406.4M1.503.35N/AN/A706,6831,059,2777,460,22215,847,161
2017-06-09$243.09$241.007.7%2.5%7.9%7.6%9.7%4.2%-0.8%128.4M-34.18B-415.8M1.653.75N/AN/A1,509,5902,483,3847,600,32416,057,488
2017-06-12$242.93$241.007.0%2.4%7.8%2.6%9.7%4.4%1.2%1.46B-26.38B-405.5M1.633.48N/AN/A796,4661,299,9257,197,34515,801,858
2017-06-13$244.43$241.007.1%2.3%7.9%2.9%9.4%3.5%0.5%6.75B-46.69B-390.5M1.643.47N/AN/A731,1781,202,7067,314,17616,209,539
2017-06-14$244.02$241.007.4%2.3%7.9%5.7%9.2%3.8%-0.1%4.76B-38.78B-399.4M1.204.81N/AN/A1,154,4201,384,5147,391,92816,589,078
2017-06-15$243.56$242.007.4%2.2%5.0%5.2%9.1%3.0%-0.3%6.97B-34.85B-377.7M0.944.45N/AN/A1,588,8061,496,3977,287,31316,347,401
2017-06-16$242.41$242.008.5%2.5%5.4%13.3%8.7%3.8%1.5%-6.06B5.88B-400.1M1.602.84N/AN/A1,068,2441,704,8396,122,18116,749,900
2017-06-19$244.56$242.007.3%2.2%6.0%4.9%8.2%2.9%0.5%4.53B-20.22B-388.2M1.643.11N/AN/A855,4281,399,1015,186,66211,917,892
2017-06-20$243.15$242.008.2%2.5%6.2%11.5%9.6%3.5%1.1%-1.47B-2.39B-414.3M1.532.80N/AN/A794,7611,215,5545,362,38512,437,619
2017-06-21$242.97$242.008.6%2.5%6.2%14.4%10.0%3.5%0.0%-3.05B-424.2M-416.0M1.542.68N/AN/A874,1711,342,8725,574,99912,701,626
2017-06-22$242.99$243.008.3%2.4%6.2%11.9%9.0%3.4%0.1%-1.00B-2.18B-406.3M1.642.26N/AN/A564,916924,2205,542,57512,762,282
2017-06-23$243.04$243.008.0%2.3%5.9%9.7%8.8%3.5%0.1%11.4M-2.41B-402.3M1.623.38N/AN/A756,7471,223,0975,681,40912,986,612
2017-06-26$243.45$243.007.6%2.2%5.9%7.0%8.3%3.5%0.2%-1.1M-5.41B-400.4M1.393.46N/AN/A728,7511,009,6085,461,27312,719,841
2017-06-27$241.86$243.008.8%2.5%6.4%15.6%9.0%3.9%0.2%-4.28B10.63B-408.8M1.293.57N/AN/A958,6131,239,6135,561,56812,860,430
2017-06-28$243.49$243.008.0%2.2%6.8%10.4%9.2%3.5%-0.6%1.69B-5.65B-415.9M1.573.62N/AN/A771,2751,213,2965,887,30513,154,751
2017-06-29$241.64$243.009.2%2.7%7.0%19.8%9.8%4.2%0.8%-5.70B16.09B-424.0M1.592.82N/AN/A1,311,2642,084,2485,786,57613,251,043
2017-06-30$242.58$243.008.0%2.4%6.9%9.9%9.4%3.7%-1.2%-2.31B3.09B-420.2M1.912.09N/AN/A806,9751,541,3226,103,21013,736,956