SPY Options History — October 2022

In October 2022, SPY traded between $357.67 and $388.90. ATM implied volatility averaged 27.7%, placing in the 82.3% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 0.2% (HV 20d: 27.9%). Max pain ranged from $380.00 to $387.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.37.

Notable Days

  • 2022-10-13: Highest Volume — 11,023,751 contracts
  • 2022-10-25: Largest IV drop — 5.0% change
  • 2022-10-12: Highest IV Rank — 97.8%
  • 2022-10-11: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$371.80$357.67$388.90$367.01$387.04
Max Pain$381.90$380.00$387.00$387.00$381.00
ATM IV27.7%24.2%30.8%27.2%24.2%
Expected Move8.1%7.5%8.6%8.1%7.7%
HV 20d27.9%24.8%29.8%27.9%26.3%
HV 60d24.1%22.9%24.8%22.9%24.8%
IV Rank82.3%64.5%97.8%79.8%64.5%
IV Percentile87.2%61.9%99.6%91.3%61.9%
Term Structure-0.2%-0.9%0.5%0.2%0.4%
VWIV29.2%27.1%31.0%29.8%27.1%
Skew 25d4.8%3.4%6.3%6.3%3.4%
Skew 10d10.0%6.8%13.1%12.8%6.8%
Call IV 25d25.3%22.4%28.0%24.1%22.5%
Put IV 25d30.1%25.7%33.5%30.4%25.9%
Bid-Ask Spread %1.030.831.280.901.02
Gamma HHI0.040.020.050.040.02
Net GEX-5.00B-10.70B2.12B-5.05B-1.91B
Net DEX63.92B-28.01B138.45B93.57B-4.83B
Net VEX-680.5M-718.0M-652.0M-673.5M-652.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.371.091.721.491.09
Total Volume7,912,363.1435,429,97111,023,7518,021,5316,161,990
Total OI21,908,158.23819,990,97223,833,01819,990,97221,198,151

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-10-03$367.01$387.0027.2%8.1%27.9%79.8%29.8%6.3%0.2%-5.05B93.57B-673.5M1.490.90N/AN/A3,223,0984,798,4337,830,20112,160,771
2022-10-04$376.75$386.0026.1%7.6%29.8%74.1%28.4%5.9%0.3%-3.47B47.64B-706.4M1.431.09N/AN/A2,998,3484,289,6797,786,67712,753,541
2022-10-05$378.27$386.0026.1%7.6%29.0%74.2%27.6%6.0%-0.6%-3.69B41.92B-712.8M1.421.21N/AN/A3,444,5044,905,6208,025,07813,626,620
2022-10-06$373.63$385.0027.3%7.8%29.1%80.0%28.1%6.3%-0.7%-6.52B74.95B-718.0M1.211.06N/AN/A2,804,2333,389,3457,806,10213,517,462
2022-10-07$362.27$385.0028.2%8.2%29.2%84.9%28.5%5.9%0.5%-10.70B138.45B-686.3M1.351.09N/AN/A3,984,0795,373,2888,145,41213,788,838
2022-10-10$361.13$384.0029.3%8.4%28.8%90.0%29.7%5.8%0.5%-9.18B129.41B-671.6M1.431.09N/AN/A3,097,6764,421,1087,995,93013,268,132
2022-10-11$357.67$383.0030.5%8.6%25.0%96.1%30.3%5.7%0.5%-8.61B137.73B-667.6M1.311.28N/AN/A3,191,0544,191,5828,051,02713,263,579
2022-10-12$357.85$382.0030.8%8.6%24.8%97.8%29.6%5.5%-0.9%-8.59B135.05B-669.1M1.311.07N/AN/A3,191,8824,169,4238,508,14613,737,963
2022-10-13$366.14$381.0030.0%8.4%26.6%93.7%31.0%4.8%-0.9%-5.54B82.96B-704.4M1.721.12N/AN/A4,056,4556,967,2968,461,11113,803,582
2022-10-14$358.08$380.0029.6%8.4%27.1%91.8%30.0%4.9%0.0%-10.44B132.31B-676.5M1.281.26N/AN/A4,189,7875,352,2258,742,38714,898,977
2022-10-17$367.45$380.0028.8%8.3%28.9%87.6%30.1%4.9%0.2%-4.42B70.11B-673.5M1.471.09N/AN/A3,151,5374,630,1558,550,99613,905,875
2022-10-18$370.65$380.0028.5%8.2%29.1%86.4%29.2%4.6%-0.1%-5.07B58.35B-684.6M1.231.16N/AN/A3,494,5244,312,0828,468,74514,287,098
2022-10-19$367.64$380.0028.9%8.3%28.6%88.1%29.7%4.9%-0.8%-7.49B80.19B-677.2M1.370.97N/AN/A3,189,0284,379,3938,753,02214,835,382
2022-10-20$365.23$380.0028.3%8.2%28.7%85.0%29.7%4.6%-0.8%-8.41B93.66B-668.5M1.340.98N/AN/A2,953,5803,962,9428,610,30214,602,233
2022-10-21$374.51$380.0027.9%8.2%28.6%83.0%30.0%4.1%0.1%-2.82B29.40B-686.8M1.460.96N/AN/A4,222,6976,150,3428,967,81014,865,208
2022-10-24$379.07$380.0028.2%8.4%28.8%84.7%30.4%3.6%-0.4%-455.4M12.63B-679.2M1.270.87N/AN/A3,679,5744,671,7517,521,63312,924,564
2022-10-25$384.94$380.0026.8%8.0%29.0%77.7%29.6%3.5%-0.5%-143.2M-9.32B-676.0M1.410.83N/AN/A2,661,6183,749,9407,518,64813,106,001
2022-10-26$382.91$380.0026.0%7.9%28.0%73.4%28.6%3.6%-0.6%-1.94B5.03B-677.5M1.400.83N/AN/A3,559,1034,993,4967,833,34213,964,299
2022-10-27$380.58$380.0025.4%7.8%26.4%70.6%27.8%3.5%-0.6%-2.76B21.00B-666.6M1.380.90N/AN/A2,281,4393,148,5327,766,20213,849,298
2022-10-28$388.90$380.0024.4%7.5%26.9%65.4%27.5%3.4%0.1%2.12B-28.01B-661.5M1.340.89N/AN/A3,747,3805,019,4088,088,83314,282,145
2022-10-31$387.04$381.0024.2%7.7%26.3%64.5%27.1%3.4%0.4%-1.91B-4.83B-652.0M1.091.02N/AN/A2,943,5883,218,4027,674,71113,523,440