SPY Options History — June 2019

In June 2019, SPY traded between $273.98 and $295.99. ATM implied volatility averaged 13.9%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 0.4% (HV 20d: 14.2%). Max pain ranged from $282.00 to $290.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.46.

Notable Days

  • 2019-06-20: Highest Volume — 4,109,574 contracts
  • 2019-06-04: Largest IV drop — 12.6% change
  • 2019-06-03: Highest IV Rank — 45.3%
  • 2019-06-03: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$288.99$273.98$295.99$273.98$292.46
Max Pain$286.20$282.00$290.00$282.00$290.00
ATM IV13.9%12.0%18.1%18.1%13.4%
Expected Move4.0%3.4%5.5%5.5%3.9%
HV 20d14.2%11.0%17.4%15.1%11.0%
HV 60d12.2%11.9%12.6%11.9%12.0%
IV Rank26.6%18.3%45.3%45.3%24.3%
IV Percentile58.4%44.4%85.7%85.7%52.8%
Term Structure-0.0%-0.4%0.4%-0.3%0.4%
VWIV15.4%14.0%19.5%19.5%14.2%
Skew 25d4.7%3.8%5.4%5.4%4.9%
Skew 10d8.7%7.2%9.7%9.7%9.4%
Call IV 25d12.1%10.8%15.5%15.5%11.2%
Put IV 25d16.7%14.8%20.9%20.9%16.1%
Bid-Ask Spread %1.251.031.571.331.57
Gamma HHI0.030.020.070.050.03
Net GEX850.2M-8.91B8.88B-8.91B792.2M
Net DEX-14.79B-68.40B71.32B71.32B-10.76B
Net VEX-501.7M-518.1M-480.5M-489.7M-518.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.791.751.751.59
Total Volume2,509,440.551,577,3244,109,5743,547,2631,989,733
Total OI19,694,875.816,712,53021,375,05218,965,89218,391,214

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$273.98$282.0018.1%5.5%15.1%45.3%19.5%5.4%-0.3%-8.91B71.32B-489.7M1.751.33N/AN/A1,287,5602,259,7037,029,28811,936,604
2019-06-04$279.82$282.0015.8%4.8%17.4%35.2%17.3%5.3%-0.1%-2.80B29.30B-502.6M1.721.08N/AN/A1,006,1191,728,7617,123,14911,944,843
2019-06-05$282.46$282.0014.9%4.5%16.5%30.9%16.1%4.9%-0.2%-547.5M9.63B-504.4M1.701.05N/AN/A1,155,6231,961,4177,257,52712,532,299
2019-06-06$284.95$284.0014.0%4.0%16.8%27.2%15.5%4.8%-0.4%430.1M-5.94B-507.6M1.361.47N/AN/A1,106,0451,508,4957,236,43812,633,320
2019-06-07$287.79$284.0013.8%4.0%17.1%26.1%15.6%4.7%-0.4%3.71B-28.28B-512.3M1.411.37N/AN/A1,529,0542,148,6687,454,40712,959,304
2019-06-10$289.10$285.0013.8%4.0%17.1%26.3%15.6%4.5%0.1%3.12B-32.11B-505.0M1.521.47N/AN/A1,160,5461,761,6427,310,57612,748,521
2019-06-11$288.82$285.0014.1%4.0%14.5%27.4%16.0%4.7%0.1%1.68B-23.32B-514.3M1.731.34N/AN/A902,5471,560,6277,321,88113,139,225
2019-06-12$288.14$285.0014.0%4.0%14.2%27.3%15.6%5.0%-0.3%-498.0M-15.36B-513.8M1.611.24N/AN/A706,0301,133,6087,426,89613,614,108
2019-06-13$288.96$285.0013.9%4.0%14.1%26.7%16.0%4.9%-0.4%1.50B-21.77B-509.9M1.701.21N/AN/A661,3661,122,2527,379,03513,561,889
2019-06-14$289.57$286.0013.1%3.8%13.9%23.1%15.3%4.6%0.3%2.85B-27.00B-499.5M1.581.19N/AN/A728,8621,153,7657,505,28213,863,776
2019-06-17$289.55$286.0013.2%3.8%13.8%23.7%14.9%4.6%0.2%1.06B-23.86B-484.7M1.351.19N/AN/A696,425939,6227,172,33613,286,377
2019-06-18$292.32$286.0013.2%3.8%13.8%23.6%15.0%4.5%0.2%3.62B-43.60B-485.3M1.181.28N/AN/A1,372,4471,612,7467,159,82113,246,381
2019-06-19$293.57$286.0012.0%3.4%13.6%18.3%14.2%4.1%-0.2%5.81B-54.42B-480.5M1.221.24N/AN/A1,293,8951,581,7007,519,71413,782,426
2019-06-20$295.99$287.0012.0%3.5%13.8%18.3%14.8%3.8%-0.3%8.88B-68.40B-482.0M0.791.44N/AN/A2,292,3701,817,2047,567,43313,807,619
2019-06-21$294.74$289.0012.7%3.7%12.4%21.4%14.5%3.8%0.2%1.06B-25.69B-494.9M1.361.24N/AN/A1,062,0551,444,1286,487,45214,387,040
2019-06-24$293.76$290.0013.2%3.8%12.6%23.5%14.0%4.3%0.2%500.6M-18.31B-496.6M1.421.18N/AN/A651,312926,0125,648,96111,063,569
2019-06-25$291.07$290.0014.4%4.2%12.7%29.0%15.4%4.7%0.2%-2.10B-482.2M-510.5M1.531.08N/AN/A882,5981,350,7605,769,22911,222,085
2019-06-26$290.85$290.0014.2%4.1%12.2%28.3%14.4%4.9%-0.0%-3.05B782.8M-510.2M1.221.03N/AN/A927,8421,131,2286,035,33511,564,212
2019-06-27$291.85$290.0013.9%3.9%12.3%26.7%14.6%4.9%0.3%-88.7M-7.63B-512.6M1.431.05N/AN/A673,696960,3486,186,71811,621,226
2019-06-28$292.46$290.0013.4%3.9%11.0%24.3%14.2%4.9%0.4%792.2M-10.76B-518.1M1.591.57N/AN/A769,1781,220,5556,442,24011,948,974