SPY Options History — November 2017

In November 2017, SPY traded between $256.38 and $265.03. ATM implied volatility averaged 8.1%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 2.6%. IV traded above realized volatility by 3.3% (HV 20d: 4.7%). Max pain ranged from $251.00 to $255.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.52.

Notable Days

  • 2017-11-28: Highest Volume — 5,159,743 contracts
  • 2017-11-15: Largest IV spike — 21.6% change
  • 2017-11-15: Highest IV Rank — 69.5%
  • 2017-11-15: Largest Expected Move — 3.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$259.26$256.38$265.03$257.51$265.03
Max Pain$254.10$251.00$255.00$254.00$255.00
ATM IV8.1%7.0%10.9%7.7%8.9%
Expected Move2.6%2.2%3.1%2.2%3.1%
HV 20d4.7%3.8%6.2%4.3%6.2%
HV 60d5.5%4.9%6.7%6.7%5.1%
IV Rank27.2%7.2%69.5%12.8%41.1%
IV Percentile34.2%8.3%90.5%24.2%58.3%
Term Structure0.0%-0.8%0.9%-0.7%-0.3%
VWIV10.0%8.5%12.1%8.5%10.8%
Skew 25d3.6%2.5%5.3%3.6%3.3%
Skew 10d6.8%4.8%11.6%7.5%6.2%
Call IV 25d6.8%5.8%8.7%6.5%7.8%
Put IV 25d10.4%8.8%14.1%10.1%11.1%
Bid-Ask Spread %1.501.272.021.422.02
Gamma HHI0.060.040.140.050.09
Net GEX6.75B-5.67B19.73B4.65B17.74B
Net DEX-49.05B-106.83B-8.35B-46.03B-106.83B
Net VEX-435.0M-478.9M-378.2M-435.2M-438.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.732.131.571.02
Total Volume2,723,780.4291,571,7875,159,7432,795,9414,757,945
Total OI24,944,734.04821,770,06127,307,32024,429,93725,604,384

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-11-01$257.51$254.007.7%2.2%4.3%12.8%8.5%3.6%-0.7%4.65B-46.03B-435.2M1.571.42N/AN/A1,087,8761,708,0658,112,67616,317,261
2017-11-02$257.63$251.007.5%2.5%3.9%10.8%10.4%3.3%-0.6%3.13B-41.66B-449.7M1.851.37N/AN/A793,9521,470,0168,226,45116,511,752
2017-11-03$258.27$251.007.1%2.5%3.9%7.8%9.2%3.1%0.3%9.59B-55.65B-434.9M1.501.33N/AN/A1,029,6901,549,2218,389,43116,798,360
2017-11-06$258.86$252.007.0%2.4%3.8%7.2%9.0%2.7%0.3%7.95B-58.73B-420.2M2.051.33N/AN/A714,1991,462,5408,222,89016,126,290
2017-11-07$258.62$253.007.4%2.5%3.8%14.4%10.6%3.0%0.3%5.84B-53.19B-429.5M1.741.38N/AN/A938,0871,629,0098,404,67716,790,646
2017-11-08$259.06$254.007.4%2.5%3.8%16.8%10.3%3.0%0.4%7.89B-55.05B-444.0M1.811.32N/AN/A760,4671,377,9098,551,18317,257,669
2017-11-09$258.27$254.008.3%2.7%4.0%31.9%10.5%3.8%0.4%1.89B-39.80B-458.9M2.131.42N/AN/A1,192,6742,543,1448,484,27817,237,852
2017-11-10$258.07$254.008.5%2.7%4.0%35.4%11.3%4.1%0.4%2.60B-39.02B-476.6M1.931.35N/AN/A927,8821,792,5908,717,75118,021,738
2017-11-13$258.31$254.008.7%2.8%4.0%38.6%10.6%4.2%0.8%2.54B-39.36B-455.7M1.621.27N/AN/A667,2971,081,0358,504,76317,403,544
2017-11-14$257.75$254.009.0%2.7%4.1%41.9%10.5%4.4%0.9%75.0M-32.34B-460.9M1.471.41N/AN/A847,1671,243,8468,629,65517,778,245
2017-11-15$256.38$255.0010.9%3.1%4.6%69.5%12.1%5.3%-0.0%-5.67B-8.35B-478.9M1.791.66N/AN/A1,055,2471,885,2858,832,11418,082,642
2017-11-16$258.61$255.008.8%2.5%5.5%39.4%10.8%4.4%-0.6%8.03B-50.74B-440.9M1.541.58N/AN/A1,048,8451,618,9038,883,61617,999,678
2017-11-17$257.93$255.008.6%2.5%5.4%37.0%10.8%4.2%-0.5%6.36B-34.41B-445.6M1.571.57N/AN/A1,095,6351,715,2158,994,44618,312,874
2017-11-20$258.26$255.008.2%2.4%5.3%30.3%11.1%4.5%0.1%1.65B-22.97B-429.5M1.531.53N/AN/A620,065951,7227,218,50514,551,556
2017-11-21$259.92$255.007.2%2.2%5.7%17.4%8.5%3.3%0.0%9.08B-46.37B-395.8M1.381.68N/AN/A1,023,5721,411,7597,403,58414,946,537
2017-11-22$259.88$255.007.3%2.2%5.4%18.8%8.6%3.3%-0.2%8.61B-42.20B-412.7M1.191.62N/AN/A835,320996,2347,685,37415,302,442
2017-11-24$260.36$255.007.4%2.3%5.4%20.0%8.9%2.8%-0.3%10.13B-49.93B-402.3M1.801.72N/AN/A656,5131,178,7547,801,04415,345,466
2017-11-27$260.35$255.007.5%2.4%5.0%20.6%9.1%2.9%0.4%6.16B-45.92B-378.2M0.761.36N/AN/A1,451,9461,103,8577,613,45514,876,083
2017-11-28$262.65$255.007.8%2.6%5.7%25.1%9.1%2.5%0.7%13.80B-76.42B-401.4M0.731.60N/AN/A2,983,4722,176,2718,649,86315,199,143
2017-11-29$262.83$255.008.4%2.8%5.7%33.5%9.7%3.3%-0.8%19.73B-85.15B-446.1M0.971.46N/AN/A1,933,4141,882,74910,226,28915,823,208
2017-11-30$265.03$255.008.9%3.1%6.2%41.1%10.8%3.3%-0.3%17.74B-106.83B-438.2M1.022.02N/AN/A2,358,9712,398,9749,737,43115,866,953