SPY Options History — June 2021

In June 2021, SPY traded between $416.67 and $428.42. ATM implied volatility averaged 11.9%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 1.4% (HV 20d: 10.5%). Max pain ranged from $400.00 to $420.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.28.

Notable Days

  • 2021-06-18: Highest Volume — 4,868,921 contracts
  • 2021-06-18: Largest IV spike — 29.6% change
  • 2021-06-18: Highest IV Rank — 17.8%
  • 2021-06-18: Largest Expected Move — 4.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$423.05$416.67$428.42$419.71$428.42
Max Pain$414.09$400.00$420.00$400.00$420.00
ATM IV11.9%10.4%14.7%13.2%11.3%
Expected Move3.4%2.8%4.1%3.9%2.8%
HV 20d10.5%8.0%15.1%15.1%8.1%
HV 60d11.6%11.1%11.9%11.9%11.1%
IV Rank4.3%0.0%17.8%6.3%3.6%
IV Percentile2.4%0.0%16.7%2.4%2.4%
Term Structure0.1%-0.8%1.0%0.2%-0.1%
VWIV14.3%11.5%17.4%15.9%12.3%
Skew 25d5.8%4.5%7.5%6.0%5.8%
Skew 10d11.5%9.3%16.4%11.5%11.5%
Call IV 25d10.1%8.8%11.5%11.2%9.3%
Put IV 25d15.9%13.8%18.8%17.2%15.1%
Bid-Ask Spread %1.471.091.751.441.49
Gamma HHI0.050.020.070.020.04
Net GEX3.09B-10.91B9.58B-1.12B4.74B
Net DEX-55.19B-84.88B22.95B-53.75B-52.43B
Net VEX-612.1M-642.5M-582.3M-622.9M-623.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.741.731.001.12
Total Volume3,162,591.1362,265,8544,868,9213,328,1182,583,418
Total OI18,281,94615,533,89420,305,37318,100,72017,154,568

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$419.71$400.0013.2%3.9%15.1%6.3%15.9%6.0%0.2%-1.12B-53.75B-622.9M1.001.44N/AN/A1,660,2971,667,8216,240,40711,860,313
2021-06-02$419.85$400.0012.8%3.7%14.6%4.8%15.7%5.8%-0.3%658.4M-54.94B-621.2M1.731.45N/AN/A1,127,7991,949,2066,363,06411,989,681
2021-06-03$418.83$412.0013.3%3.9%14.5%6.8%15.8%6.2%-0.4%-1.57B-46.38B-637.4M1.331.09N/AN/A1,297,2171,728,9406,369,80612,305,765
2021-06-04$422.67$412.0011.7%3.6%14.8%0.0%15.1%5.1%-0.4%8.51B-79.74B-612.1M1.371.28N/AN/A1,394,1111,906,5706,599,36212,676,345
2021-06-07$421.89$412.0011.8%3.6%14.3%0.2%16.5%5.0%0.2%3.85B-71.21B-597.6M1.431.30N/AN/A1,055,6951,512,8636,397,98412,338,381
2021-06-08$422.54$413.0011.8%3.5%14.1%0.5%14.5%5.2%0.4%3.19B-74.04B-596.2M1.341.33N/AN/A1,111,2211,491,1086,422,76912,595,074
2021-06-09$421.77$414.0012.8%3.8%13.1%4.8%14.3%5.9%-0.2%505.4M-65.16B-620.6M1.491.32N/AN/A1,014,3651,516,3906,611,52412,952,548
2021-06-10$423.26$414.0011.1%3.3%11.0%0.0%12.7%4.8%-0.3%4.64B-80.27B-591.7M1.381.45N/AN/A1,421,2421,957,9146,547,62912,963,238
2021-06-11$423.68$415.0010.4%3.2%10.1%0.0%14.5%4.5%0.3%6.38B-84.88B-582.3M1.281.45N/AN/A1,454,6061,862,3116,769,91013,363,321
2021-06-14$424.15$415.0011.3%3.3%9.4%3.7%14.1%5.2%0.3%4.30B-82.64B-583.3M1.321.50N/AN/A1,143,5171,512,4266,569,74212,927,142
2021-06-15$424.68$415.0011.5%3.3%9.3%4.5%13.6%5.3%0.3%4.54B-82.70B-590.1M1.401.47N/AN/A945,2291,320,6256,602,34013,040,634
2021-06-16$422.67$415.0012.1%3.5%9.4%7.1%15.3%6.4%-0.8%-946.2M-63.44B-604.2M1.101.72N/AN/A2,080,7942,297,7306,763,40313,435,646
2021-06-17$422.68$415.0011.3%3.3%8.1%3.7%14.6%5.7%-0.7%2.31B-65.81B-600.4M0.741.75N/AN/A2,635,0141,941,9966,908,34513,397,028
2021-06-18$416.67$416.0014.7%4.1%8.2%17.8%17.4%7.5%0.2%-10.91B22.95B-642.5M1.191.19N/AN/A2,227,3072,641,6145,943,25113,716,590
2021-06-21$420.43$416.0013.3%3.8%8.7%12.2%15.5%7.1%0.3%1.76B-17.21B-634.6M1.341.55N/AN/A1,757,0802,354,8355,220,00710,313,887
2021-06-22$423.45$416.0011.8%3.4%8.1%5.7%13.9%6.1%1.0%5.18B-34.56B-624.1M1.501.63N/AN/A1,258,1441,886,5975,221,54410,563,375
2021-06-23$423.25$416.0011.7%3.2%8.0%5.1%12.6%6.3%-0.4%4.76B-33.78B-621.3M1.081.62N/AN/A1,338,3591,443,7005,400,41711,074,310
2021-06-24$425.20$417.0011.2%3.1%8.1%3.0%13.7%6.0%-0.1%7.95B-45.15B-616.0M1.321.74N/AN/A1,195,6421,577,5035,383,32911,043,428
2021-06-25$426.46$418.0010.6%2.9%8.2%0.9%11.5%5.4%0.5%9.58B-51.84B-617.3M1.201.68N/AN/A1,338,0861,606,8935,537,73911,436,908
2021-06-28$427.24$419.0010.8%2.9%8.1%1.7%12.8%6.2%0.7%4.60B-48.03B-610.9M1.281.48N/AN/A1,258,3631,610,6955,306,89211,199,031
2021-06-29$427.59$420.0011.2%2.8%8.1%3.2%13.0%5.8%0.5%5.14B-49.14B-617.2M1.231.48N/AN/A1,118,6921,373,0705,396,57511,279,560
2021-06-30$428.42$420.0011.3%2.8%8.1%3.6%12.3%5.8%-0.1%4.74B-52.43B-623.2M1.121.49N/AN/A1,221,3601,362,0585,482,86911,671,699