SPY Options History — June 2023

In June 2023, SPY traded between $421.32 and $443.82. ATM implied volatility averaged 11.6%, placing in the 2.1% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 0.3% (HV 20d: 11.3%). Max pain ranged from $410.00 to $425.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2023-06-15: Highest Volume — 11,148,021 contracts
  • 2023-06-12: Largest IV spike — 9.5% change
  • 2023-06-12: Highest IV Rank — 5.1%
  • 2023-06-01: Largest Expected Move — 3.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$433.69$421.32$443.82$421.32$443.82
Max Pain$418.81$410.00$425.00$410.00$425.00
ATM IV11.6%10.8%12.9%12.9%10.8%
Expected Move3.3%2.8%3.9%3.9%2.8%
HV 20d11.3%10.7%12.5%12.1%11.7%
HV 60d12.7%11.9%14.6%14.3%12.0%
IV Rank2.1%0.0%5.1%0.0%0.0%
IV Percentile1.3%0.0%4.0%0.0%0.0%
Term Structure0.3%-0.1%0.7%0.1%0.2%
VWIV12.9%11.2%14.8%14.7%11.4%
Skew 25d3.1%2.2%4.9%4.9%2.3%
Skew 10d7.1%5.4%10.2%10.2%6.5%
Call IV 25d10.4%9.6%11.2%11.1%9.9%
Put IV 25d13.5%12.2%16.0%16.0%12.2%
Bid-Ask Spread %1.711.391.961.441.86
Gamma HHI0.040.030.080.040.04
Net GEX2.22B-8.04B13.49B4.63B7.98B
Net DEX-75.91B-162.75B-14.59B-53.68B-106.28B
Net VEX-673.4M-713.0M-649.3M-678.4M-666.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.901.391.211.30
Total Volume7,233,149.2384,346,26211,148,0216,979,3757,875,404
Total OI20,751,296.57118,447,68323,044,47220,570,59820,598,015

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$421.32$410.0012.9%3.9%12.1%0.0%14.7%4.9%0.1%4.63B-53.68B-678.4M1.211.44N/AN/A3,151,9373,827,4386,909,66513,660,933
2023-06-02$428.10$410.0011.9%3.7%12.5%0.0%13.7%3.0%0.0%10.64B-103.87B-649.3M1.081.39N/AN/A3,649,3503,926,8186,985,75814,040,181
2023-06-05$427.22$412.0012.2%3.6%10.9%1.4%14.8%3.2%0.3%1.80B-80.23B-664.2M1.271.68N/AN/A3,217,4954,082,3056,999,76213,633,701
2023-06-06$428.01$414.0011.5%3.4%10.9%0.0%13.7%3.1%0.3%1.73B-82.34B-653.4M1.271.69N/AN/A3,061,5613,899,5367,101,90413,965,592
2023-06-07$426.44$415.0011.4%3.4%10.9%0.0%13.5%3.2%0.3%-3.51B-67.72B-665.4M1.061.69N/AN/A2,437,0502,580,1607,318,91214,228,564
2023-06-08$429.14$415.0011.0%3.2%11.0%0.0%13.2%3.1%0.4%5.89B-93.00B-656.7M1.161.66N/AN/A2,013,8462,332,4167,521,09914,365,281
2023-06-09$430.06$415.0010.9%3.3%10.8%0.0%13.3%2.9%0.4%6.75B-101.08B-663.4M1.111.79N/AN/A2,868,3143,197,2967,712,59214,619,839
2023-06-12$433.43$418.0012.0%3.4%10.8%5.1%13.8%3.1%-0.0%7.31B-109.75B-663.0M1.391.77N/AN/A2,704,4113,765,9357,422,72414,294,582
2023-06-13$436.25$420.0011.7%3.4%10.9%3.9%13.4%2.7%0.1%8.06B-128.28B-649.3M1.091.53N/AN/A4,038,5174,408,6047,437,63514,808,664
2023-06-14$436.33$420.0011.6%3.4%10.7%3.1%13.2%2.6%0.1%6.62B-125.22B-649.4M1.071.96N/AN/A4,042,0514,338,5967,621,58214,939,790
2023-06-15$443.02$420.0011.8%3.4%11.4%4.7%13.5%2.3%-0.1%13.49B-162.75B-649.7M1.021.77N/AN/A5,522,7115,625,3107,809,52715,234,945
2023-06-16$440.08$420.0011.5%3.3%11.6%2.9%12.2%2.2%0.2%-467.7M-62.49B-658.9M1.021.69N/AN/A4,248,2484,314,3536,060,15115,578,364
2023-06-20$437.63$420.0011.9%3.4%11.9%4.9%12.8%2.9%0.5%-4.93B-42.46B-686.1M1.211.73N/AN/A3,264,6033,938,0205,863,11212,584,571
2023-06-21$435.32$422.0011.5%3.3%12.2%3.0%12.4%3.1%0.6%-5.58B-30.10B-691.9M1.051.78N/AN/A3,490,1293,670,7375,972,77912,846,009
2023-06-22$436.15$422.0010.9%3.1%11.5%0.2%11.8%2.9%0.6%-1.08B-43.06B-689.2M1.051.84N/AN/A3,404,7293,566,9216,132,46613,020,090
2023-06-23$433.70$423.0011.2%3.1%11.1%1.4%12.0%3.3%0.7%-8.04B-22.44B-703.9M1.121.90N/AN/A3,334,0083,730,6316,192,28913,305,755
2023-06-26$432.11$422.0011.8%3.3%11.0%4.6%12.8%3.9%0.2%-7.78B-14.59B-713.0M1.051.66N/AN/A3,328,2723,500,3266,103,81812,830,958
2023-06-27$436.64$423.0011.3%3.1%10.8%2.2%12.0%3.3%0.2%4.38B-59.13B-685.7M1.181.81N/AN/A3,533,9404,184,3436,226,03413,059,783
2023-06-28$435.49$424.0011.6%3.1%10.9%3.4%11.5%3.3%0.1%-3.00B-45.87B-698.5M0.901.70N/AN/A3,832,4673,444,1696,269,19914,108,399
2023-06-29$437.22$425.0011.4%3.0%10.8%2.4%11.2%3.2%0.2%1.77B-59.85B-706.7M0.911.64N/AN/A3,434,0063,109,1716,443,66913,948,535
2023-06-30$443.82$425.0010.8%2.8%11.7%0.0%11.4%2.3%0.2%7.98B-106.28B-666.0M1.301.86N/AN/A3,416,7444,458,6606,489,48414,108,531