SPY Options History — August 2022

In August 2022, SPY traded between $397.35 and $430.26. ATM implied volatility averaged 19.7%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 0.7% (HV 20d: 19.1%). Max pain ranged from $395.00 to $410.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.37.

Notable Days

  • 2022-08-26: Highest Volume — 9,195,507 contracts
  • 2022-08-22: Largest IV spike — 18.6% change
  • 2022-08-30: Highest IV Rank — 64.4%
  • 2022-08-30: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$415.32$397.35$430.26$410.93$397.35
Max Pain$405.61$395.00$410.00$395.00$410.00
ATM IV19.7%16.6%23.7%20.2%23.2%
Expected Move5.8%5.1%7.1%5.7%6.9%
HV 20d19.1%16.8%20.3%19.8%19.3%
HV 60d24.6%23.3%27.5%27.5%24.0%
IV Rank45.8%31.0%64.4%48.1%61.9%
IV Percentile53.6%36.5%72.2%57.9%69.8%
Term Structure0.1%-0.6%1.0%0.3%-0.5%
VWIV21.6%19.1%25.1%22.6%24.8%
Skew 25d5.3%3.7%6.4%5.7%6.2%
Skew 10d10.7%8.1%13.1%10.9%11.8%
Call IV 25d17.4%14.9%20.8%17.9%20.4%
Put IV 25d22.7%18.6%27.1%23.6%26.7%
Bid-Ask Spread %1.291.081.631.431.25
Gamma HHI0.040.020.100.020.04
Net GEX-2.16B-9.66B6.22B-555.3M-9.66B
Net DEX-17.41B-94.92B93.92B-34.75B92.02B
Net VEX-684.0M-718.9M-649.2M-668.5M-678.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.371.091.621.471.35
Total Volume6,045,546.133,810,3869,195,5076,579,9657,372,103
Total OI19,971,298.39118,393,76622,347,69918,405,78420,074,653

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$410.93$395.0020.2%5.7%19.8%48.1%22.6%5.7%0.3%-555.3M-34.75B-668.5M1.471.43N/AN/A2,664,7833,915,1826,783,81311,621,971
2022-08-02$409.37$396.0021.2%6.0%19.9%52.6%22.4%6.4%0.3%-1.91B-20.19B-679.1M1.431.42N/AN/A2,304,3013,294,5796,796,73611,688,435
2022-08-03$415.42$398.0019.6%5.4%20.2%45.2%20.5%5.3%-0.6%2.80B-54.95B-671.3M1.231.25N/AN/A2,968,7233,659,9617,113,27612,359,914
2022-08-04$413.80$400.0019.4%5.8%20.2%44.1%22.3%5.3%-0.6%-434.9M-38.27B-680.0M1.091.08N/AN/A2,063,7982,245,8787,033,67212,587,955
2022-08-05$413.07$401.0018.4%5.6%20.3%39.6%21.4%5.3%-0.6%-1.63B-32.45B-682.7M1.381.12N/AN/A2,865,1413,946,3767,275,53812,959,202
2022-08-08$413.28$401.0018.5%5.8%19.3%39.8%21.6%5.4%0.5%-1.28B-27.98B-673.9M1.321.08N/AN/A2,615,9003,465,9826,984,87312,364,423
2022-08-09$411.01$402.0019.3%5.9%18.9%43.5%21.7%5.5%0.5%-3.29B-11.43B-687.7M1.431.14N/AN/A1,565,5462,244,8407,054,16012,573,031
2022-08-10$419.88$404.0017.3%5.3%19.8%34.5%21.0%4.5%-0.3%3.85B-67.10B-664.2M1.461.28N/AN/A2,793,3194,083,4067,384,97912,920,576
2022-08-11$419.32$405.0017.7%5.4%19.6%36.0%20.2%4.6%-0.3%607.2M-55.01B-677.4M1.431.13N/AN/A2,296,1213,288,4257,372,80413,090,478
2022-08-12$426.46$405.0016.6%5.2%19.6%31.0%19.8%3.7%0.6%6.22B-92.68B-676.6M1.461.23N/AN/A2,330,9143,409,7297,639,52913,819,518
2022-08-15$429.02$406.0017.4%5.3%18.9%34.6%19.5%4.0%1.0%3.87B-93.83B-649.2M1.201.38N/AN/A2,573,8763,077,6647,387,89013,495,646
2022-08-16$430.26$408.0017.6%5.2%16.8%35.5%19.1%4.2%0.9%2.96B-94.92B-653.2M1.561.39N/AN/A2,019,7233,143,1327,460,17313,454,532
2022-08-17$427.02$409.0018.7%5.4%17.3%40.8%20.2%4.9%-0.6%-3.14B-70.84B-675.2M1.361.41N/AN/A3,019,7924,117,8877,651,69214,164,053
2022-08-18$428.15$409.0017.7%5.1%17.3%36.1%19.3%4.4%-0.5%892.5M-74.64B-687.0M1.501.44N/AN/A1,672,7082,500,6817,602,96614,187,767
2022-08-19$422.08$410.0018.4%5.4%17.9%39.7%20.2%5.0%0.8%-4.31B-31.91B-707.6M1.321.33N/AN/A2,931,4093,863,0847,725,58814,622,111
2022-08-22$412.74$410.0021.9%6.3%20.1%55.9%23.1%6.2%0.2%-6.31B34.34B-707.7M1.401.16N/AN/A2,810,0823,944,6136,714,53611,679,230
2022-08-23$412.57$410.0021.6%6.1%19.6%54.5%22.3%5.8%0.2%-5.47B28.52B-709.8M1.261.23N/AN/A1,907,4582,401,3986,856,37111,833,407
2022-08-24$414.27$410.0020.8%5.9%17.1%50.5%21.2%5.8%-0.5%-3.49B16.60B-701.1M1.211.25N/AN/A2,556,6673,102,9337,103,99512,163,633
2022-08-25$418.58$410.0019.6%5.6%17.2%45.2%21.0%5.3%-0.4%-2.33B-8.31B-694.9M1.281.35N/AN/A1,847,1822,356,6267,034,13712,111,424
2022-08-26$405.84$410.0022.6%6.6%19.7%59.0%23.8%6.2%0.2%-9.12B71.71B-718.9M1.241.30N/AN/A4,111,2335,084,2747,232,47512,529,472
2022-08-29$403.82$410.0022.9%6.8%19.7%60.6%24.4%6.1%0.3%-8.30B71.63B-699.6M1.621.31N/AN/A2,786,1934,508,0777,234,29612,164,098
2022-08-30$398.18$410.0023.7%7.1%20.2%64.4%25.1%6.3%0.3%-9.66B93.92B-686.2M1.511.63N/AN/A2,909,3254,406,5377,147,51812,283,317
2022-08-31$397.35$410.0023.2%6.9%19.3%61.9%24.8%6.2%-0.5%-9.66B92.02B-678.9M1.351.25N/AN/A3,140,7834,231,3207,582,16512,492,488