SPY Options History — June 2020

In June 2020, SPY traded between $301.04 and $322.35. ATM implied volatility averaged 25.5%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 0.7% (HV 20d: 26.2%). Max pain ranged from $295.00 to $306.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.38.

Notable Days

  • 2020-06-12: Highest Volume — 9,036,668 contracts
  • 2020-06-11: Largest IV spike — 51.1% change
  • 2020-06-11: Highest IV Rank — 35.9%
  • 2020-06-11: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$309.99$301.04$322.35$305.65$308.60
Max Pain$300.82$295.00$306.00$295.00$306.00
ATM IV25.5%19.2%33.2%22.9%24.4%
Expected Move7.4%5.7%9.4%6.9%7.0%
HV 20d26.2%21.9%29.9%21.9%29.3%
HV 60d39.4%29.8%51.6%51.6%29.8%
IV Rank24.6%15.4%35.9%20.7%22.9%
IV Percentile76.5%69.4%86.1%74.2%71.4%
Term Structure-0.1%-1.0%0.4%0.3%0.4%
VWIV28.1%22.7%35.3%26.9%27.2%
Skew 25d10.2%6.7%14.4%9.8%9.8%
Skew 10d18.4%11.6%27.6%17.6%17.3%
Call IV 25d21.4%17.0%27.4%19.2%20.0%
Put IV 25d31.6%23.7%41.8%29.0%29.8%
Bid-Ask Spread %1.331.141.681.141.68
Gamma HHI0.030.020.040.030.02
Net GEX-368.1M-5.12B3.78B817.3M327.3M
Net DEX-33.39B-111.68B34.96B-42.45B-11.58B
Net VEX-706.3M-758.4M-640.4M-654.5M-715.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.381.111.651.481.34
Total Volume4,988,084.3643,097,0829,036,6683,241,2433,733,750
Total OI23,755,065.63620,074,74726,562,76323,244,13521,352,955

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$305.65$295.0022.9%6.9%21.9%20.7%26.9%9.8%0.3%817.3M-42.45B-654.5M1.481.14N/AN/A1,309,5801,931,6638,465,01914,779,116
2020-06-02$306.60$295.0022.0%6.5%21.9%19.4%25.4%9.2%-0.6%616.2M-46.69B-647.0M1.321.14N/AN/A1,334,6811,762,4018,527,10714,775,932
2020-06-03$312.74$295.0020.4%6.0%22.6%17.1%23.6%7.7%-0.6%3.38B-82.55B-641.7M1.461.28N/AN/A1,931,4502,823,5758,848,76115,178,062
2020-06-04$310.15$295.0021.2%6.2%22.8%18.3%23.6%8.1%-0.8%524.1M-59.57B-651.3M1.571.25N/AN/A1,554,4972,435,2568,848,64115,477,568
2020-06-05$318.64$295.0019.2%5.7%24.2%15.4%23.0%6.7%0.3%3.78B-108.38B-640.4M1.171.39N/AN/A3,042,8893,564,6418,899,69216,169,981
2020-06-08$322.35$297.0020.8%6.1%24.0%17.7%22.7%7.0%0.3%2.83B-111.68B-644.4M1.211.34N/AN/A1,630,5971,969,6808,836,07016,079,529
2020-06-09$321.43$300.0022.4%6.5%24.1%20.1%24.6%7.7%0.3%1.64B-99.36B-672.4M1.191.28N/AN/A1,421,4381,685,2298,849,49816,094,853
2020-06-10$319.89$300.0022.0%6.3%22.9%19.4%24.9%8.3%-0.5%1.33B-91.89B-672.8M1.111.60N/AN/A2,159,6082,401,3279,162,79416,462,743
2020-06-11$302.10$300.0033.2%9.4%29.9%35.9%35.3%14.4%-1.0%-3.18B15.35B-758.4M1.551.50N/AN/A3,434,3525,314,0989,155,12116,550,863
2020-06-12$303.33$300.0030.0%8.7%29.7%31.2%33.3%12.5%0.3%-2.39B2.76B-751.1M1.651.23N/AN/A3,408,7145,627,9549,801,61416,761,149
2020-06-15$305.51$300.0028.9%8.4%29.7%29.6%32.1%11.5%0.3%-1.27B-13.78B-726.7M1.361.30N/AN/A2,730,6663,706,2409,328,48516,389,823
2020-06-16$311.60$300.0028.4%8.2%27.3%28.9%30.7%10.6%0.2%606.2M-49.35B-734.4M1.141.43N/AN/A2,539,1062,906,6729,351,33116,286,844
2020-06-17$311.54$300.0027.9%8.0%27.0%28.0%30.1%11.1%-0.7%-182.9M-46.24B-723.8M1.301.17N/AN/A1,766,4852,305,2889,440,47616,670,065
2020-06-18$311.06$300.0027.0%7.8%26.8%26.7%29.3%10.4%-0.6%-882.5M-40.42B-715.2M1.131.29N/AN/A1,753,1441,975,0359,096,43016,547,437
2020-06-19$309.55$305.0026.9%7.8%26.7%26.6%29.4%11.5%0.3%-1.97B3.56B-748.2M1.521.19N/AN/A2,561,8333,887,1008,162,56517,091,160
2020-06-22$310.35$305.0026.6%7.7%26.7%26.2%28.4%11.3%0.3%-1.28B-7.50B-743.5M1.471.22N/AN/A1,586,1052,339,1757,129,90612,944,841
2020-06-23$312.82$306.0025.4%7.4%26.4%24.5%27.8%10.7%0.4%-108.0M-20.61B-738.9M1.251.32N/AN/A1,662,7742,073,3057,241,48812,986,635
2020-06-24$305.31$306.0028.8%8.3%27.8%29.5%30.0%11.8%-0.6%-3.29B16.32B-742.8M1.611.50N/AN/A2,780,2964,474,8337,452,74013,353,027
2020-06-25$306.51$306.0027.0%7.8%27.8%26.8%28.9%11.6%-0.6%-1.92B6.11B-746.8M1.421.29N/AN/A1,840,9692,618,4927,550,58713,522,859
2020-06-26$301.04$306.0028.8%8.5%28.6%29.5%30.6%11.9%0.4%-5.12B34.96B-743.4M1.621.29N/AN/A2,313,2233,750,5737,777,88613,868,237
2020-06-29$303.07$306.0027.4%8.0%28.6%27.3%29.4%11.7%0.3%-2.35B18.36B-724.3M1.511.40N/AN/A1,471,5322,217,6307,750,78213,590,772
2020-06-30$308.60$306.0024.4%7.0%29.3%22.9%27.2%9.8%0.4%327.3M-11.58B-715.7M1.341.68N/AN/A1,597,4592,136,2917,734,08013,618,875