SPY Options History — April 2024

In April 2024, SPY traded between $494.19 and $522.11. ATM implied volatility averaged 14.2%, placing in the 45.3% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 2.9% (HV 20d: 11.3%). Max pain ranged from $505.00 to $510.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.19.

Notable Days

  • 2024-04-15: Highest Volume — 10,470,769 contracts
  • 2024-04-04: Largest IV spike — 15.1% change
  • 2024-04-19: Highest IV Rank — 75.9%
  • 2024-04-19: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$509.71$494.19$522.11$522.11$504.56
Max Pain$508.00$505.00$510.00$505.00$505.00
ATM IV14.2%11.4%16.9%11.4%13.7%
Expected Move4.1%3.2%4.9%3.2%4.2%
HV 20d11.3%9.2%13.7%10.5%13.7%
HV 60d12.2%11.5%13.0%11.5%12.5%
IV Rank45.3%13.1%75.9%13.1%39.8%
IV Percentile71.9%25.4%94.8%25.4%69.4%
Term Structure-0.1%-0.4%0.7%0.7%-0.0%
VWIV15.1%12.0%17.6%12.0%15.3%
Skew 25d3.4%2.3%4.8%2.3%2.9%
Skew 10d7.7%5.6%10.5%6.2%6.8%
Call IV 25d12.5%10.1%14.8%10.1%12.2%
Put IV 25d15.9%12.4%18.9%12.4%15.1%
Bid-Ask Spread %1.341.051.751.711.43
Gamma HHI0.030.020.060.020.03
Net GEX-5.72B-17.59B4.12B1.25B-8.79B
Net DEX-37.72B-94.29B49.33B-94.29B-20.70B
Net VEX-789.8M-862.1M-725.1M-725.1M-754.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.941.450.941.17
Total Volume7,873,961.1825,518,54110,470,7696,233,0797,010,163
Total OI20,814,415.22718,496,84222,211,82520,563,12418,711,086

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$522.11$505.0011.4%3.2%10.5%13.1%12.0%2.3%0.7%1.25B-94.29B-725.1M0.941.71N/AN/A3,221,2633,011,8165,849,09714,714,027
2024-04-02$518.61$507.0012.4%3.5%10.8%24.1%13.1%2.9%-0.0%-4.80B-70.28B-773.4M0.971.64N/AN/A3,287,6083,195,0886,069,28514,895,423
2024-04-03$519.55$507.0012.4%3.4%9.5%24.7%12.1%2.6%-0.0%3.11B-87.48B-768.8M1.131.73N/AN/A2,744,4913,090,5746,302,49315,108,333
2024-04-04$513.73$510.0014.3%4.1%10.1%46.1%14.6%3.6%-0.2%-8.38B-36.95B-815.6M1.291.75N/AN/A3,961,4005,096,1696,346,34115,223,302
2024-04-05$518.38$510.0014.0%4.0%9.9%43.0%15.5%3.4%-0.2%-644.3M-75.15B-804.4M1.451.16N/AN/A3,554,8415,167,1316,538,16715,520,189
2024-04-08$518.78$510.0013.2%3.8%9.6%33.2%14.1%3.3%0.1%-1.50B-80.13B-758.7M1.291.08N/AN/A2,411,1753,107,3666,199,69515,173,431
2024-04-09$517.77$510.0013.5%3.9%9.6%36.5%15.1%3.5%0.0%-3.86B-70.80B-776.4M1.111.05N/AN/A3,566,5033,962,3616,217,87415,160,849
2024-04-10$514.42$510.0013.8%4.0%9.2%40.7%15.2%3.4%-0.0%-9.23B-47.06B-800.2M1.131.15N/AN/A3,996,8014,535,4006,438,23415,345,516
2024-04-11$519.17$510.0013.2%3.8%9.8%33.4%14.3%3.1%0.1%4.12B-91.61B-776.9M1.051.06N/AN/A4,039,9484,239,9896,518,63215,431,144
2024-04-12$510.72$510.0015.0%4.3%11.3%54.1%16.0%4.2%-0.0%-13.16B-19.26B-850.3M1.031.23N/AN/A4,835,6354,981,9826,618,51815,593,307
2024-04-15$504.51$510.0016.7%4.8%11.8%72.9%17.3%4.8%-0.1%-13.60B13.68B-862.1M1.121.28N/AN/A4,946,9365,523,8336,696,50715,139,575
2024-04-16$504.55$510.0015.9%4.6%11.4%64.8%16.4%4.3%0.0%-10.57B59.9M-847.7M1.201.23N/AN/A3,542,4694,266,1076,887,90415,236,838
2024-04-17$501.17$510.0016.3%4.7%11.5%69.2%16.9%4.2%-0.2%-14.81B18.38B-830.8M1.311.28N/AN/A3,932,5325,166,1306,805,11315,170,861
2024-04-18$500.01$510.0016.0%4.6%10.8%65.7%16.9%3.9%-0.1%-13.83B12.29B-832.7M1.281.16N/AN/A3,613,6354,642,5066,923,62915,118,425
2024-04-19$494.19$509.0016.9%4.9%11.0%75.9%17.6%4.0%-0.0%-17.59B49.33B-832.3M1.311.41N/AN/A4,232,8055,542,1226,990,27415,180,330
2024-04-22$499.76$506.0015.1%4.3%12.0%55.0%16.1%3.1%-0.3%-4.63B-6.88B-779.6M1.221.28N/AN/A3,828,8004,666,3736,221,08512,394,095
2024-04-23$505.47$506.0014.1%4.0%12.9%44.5%14.4%2.8%-0.3%1.40B-50.05B-746.3M1.351.39N/AN/A3,144,7894,245,3136,261,34612,618,865
2024-04-24$505.61$506.0014.0%4.0%13.0%42.5%14.7%3.0%-0.3%-3.04B-39.96B-771.8M1.161.21N/AN/A3,390,3393,945,6946,243,77912,859,834
2024-04-25$502.88$505.0014.6%4.2%12.8%49.4%15.7%3.2%-0.4%-7.50B-16.71B-784.6M1.181.40N/AN/A3,658,6164,326,0936,296,04012,967,691
2024-04-26$508.81$505.0013.3%3.8%13.6%34.4%14.5%2.8%-0.3%1.92B-61.24B-758.6M1.241.46N/AN/A3,111,7213,860,1486,339,08913,094,070
2024-04-29$508.94$505.0013.1%3.9%13.5%33.0%14.7%2.7%0.1%-1.68B-55.00B-725.4M1.161.41N/AN/A3,066,4633,556,0186,152,17812,344,664
2024-04-30$504.56$505.0013.7%4.2%13.7%39.8%15.3%2.9%-0.0%-8.79B-20.70B-754.8M1.171.43N/AN/A3,225,9053,784,2586,175,71112,535,375