SPY Options History — July 2024

In July 2024, SPY traded between $540.95 and $564.20. ATM implied volatility averaged 12.3%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 3.4% (HV 20d: 9.0%). Max pain ranged from $533.00 to $549.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.10.

Notable Days

  • 2024-07-25: Highest Volume — 9,816,686 contracts
  • 2024-07-24: Largest IV spike — 19.1% change
  • 2024-07-30: Highest IV Rank — 62.4%
  • 2024-07-30: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$552.14$540.95$564.20$544.67$552.00
Max Pain$542.95$533.00$549.00$533.00$544.00
ATM IV12.3%10.2%15.6%10.3%14.3%
Expected Move3.6%2.7%4.7%2.8%4.2%
HV 20d9.0%6.2%14.5%6.6%14.5%
HV 60d9.4%8.7%10.1%10.0%10.1%
IV Rank26.0%2.1%62.4%3.5%47.8%
IV Percentile43.6%0.8%89.7%1.6%80.6%
Term Structure0.1%-0.4%0.4%0.4%-0.4%
VWIV13.1%9.7%16.7%10.3%15.5%
Skew 25d2.9%1.9%4.1%2.5%3.3%
Skew 10d6.6%4.1%9.2%5.8%7.9%
Call IV 25d10.9%8.6%13.7%8.9%12.5%
Put IV 25d13.8%11.2%17.4%11.5%15.8%
Bid-Ask Spread %1.341.031.901.841.90
Gamma HHI0.040.020.090.030.02
Net GEX249.4M-13.02B11.16B-2.77B1.51B
Net DEX-65.81B-119.31B18.90B-58.13B-68.22B
Net VEX-692.0M-789.0M-620.7M-660.4M-716.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.921.331.201.33
Total Volume7,225,727.2734,018,8149,816,6866,322,7097,661,613
Total OI17,369,445.09116,248,81218,929,96116,291,46417,070,917

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$544.67$533.0010.3%2.8%6.6%3.5%10.3%2.5%0.4%-2.77B-58.13B-660.4M1.201.84N/AN/A2,870,5313,452,1784,431,68911,859,775
2024-07-02$548.12$533.0010.2%2.7%6.7%2.1%9.7%2.6%0.4%8.14B-80.14B-648.3M1.151.78N/AN/A2,817,4663,250,7184,528,66212,101,681
2024-07-03$550.62$533.0010.3%2.7%6.8%3.6%9.9%2.5%0.1%8.88B-92.34B-632.3M1.081.71N/AN/A1,936,6542,082,1604,558,71312,264,063
2024-07-05$554.82$535.0010.3%3.1%6.2%3.8%11.8%2.4%0.1%10.93B-107.95B-620.7M1.231.23N/AN/A2,616,9793,216,6524,553,56812,301,971
2024-07-08$554.86$540.0010.5%3.1%6.2%5.4%11.8%2.4%0.3%4.34B-97.41B-622.0M1.121.23N/AN/A2,473,3402,760,9464,503,54012,359,711
2024-07-09$555.72$540.0010.5%3.1%6.2%6.1%11.5%2.5%0.2%6.02B-96.96B-636.0M1.141.21N/AN/A2,456,5792,789,1624,591,78612,510,705
2024-07-10$560.41$540.0010.7%3.1%6.6%8.1%12.1%2.3%0.2%10.58B-117.05B-628.9M1.171.17N/AN/A2,798,4953,286,0934,634,96912,693,641
2024-07-11$557.09$545.0010.9%3.2%7.2%10.1%11.9%2.4%0.2%-995.2M-89.34B-680.3M1.041.21N/AN/A3,932,3484,084,9984,870,48313,213,824
2024-07-12$560.61$545.0010.4%3.0%7.0%4.3%11.0%1.9%0.2%11.16B-116.22B-652.5M1.041.32N/AN/A3,868,3844,017,8854,988,86313,220,036
2024-07-15$560.76$546.0011.0%3.2%7.0%11.7%11.7%2.1%0.1%3.28B-103.99B-646.2M1.131.26N/AN/A3,956,3334,472,6914,827,64112,869,872
2024-07-16$564.20$547.0011.1%3.2%7.1%12.9%12.5%2.1%0.1%9.59B-119.31B-661.2M1.081.24N/AN/A3,554,6013,825,7314,976,14013,428,086
2024-07-17$557.27$549.0012.3%3.5%8.0%25.6%13.1%2.8%-0.0%-4.93B-73.36B-688.4M0.921.16N/AN/A3,919,8513,603,8734,956,22513,596,889
2024-07-18$552.69$548.0013.1%3.8%8.6%34.5%14.2%3.6%0.1%-8.96B-44.58B-745.2M1.001.15N/AN/A4,588,1354,611,3005,177,49513,640,695
2024-07-19$548.62$548.0013.9%4.0%9.0%42.9%15.3%4.0%-0.1%-11.39B-29.40B-738.7M0.961.03N/AN/A4,206,9704,050,2185,264,33213,665,629
2024-07-22$554.99$547.0012.8%3.7%9.6%31.2%13.7%3.0%0.1%2.71B-64.07B-708.0M1.131.27N/AN/A3,437,2853,899,3624,843,11011,405,702
2024-07-23$554.15$546.0012.8%3.7%9.7%31.5%13.3%2.9%0.2%-1.62B-58.21B-700.4M1.001.33N/AN/A3,148,2513,135,7244,786,28512,007,571
2024-07-24$542.07$547.0015.3%4.5%12.6%58.5%16.3%4.1%-0.0%-13.02B18.90B-785.4M0.981.10N/AN/A4,741,7534,663,2964,816,68012,125,488
2024-07-25$540.95$545.0015.5%4.5%12.7%60.9%16.1%3.8%-0.0%-10.46B11.11B-789.0M0.971.16N/AN/A4,973,0384,843,6485,264,01512,234,366
2024-07-26$544.28$545.0014.7%4.3%12.8%52.5%15.5%3.4%0.1%-5.08B-20.27B-767.1M1.121.29N/AN/A3,718,1564,175,2975,266,26712,194,935
2024-07-29$546.01$545.0014.7%4.4%12.9%52.4%15.5%3.2%-0.4%-3.42B-32.21B-734.8M1.151.49N/AN/A3,373,4053,890,2434,915,98511,676,850
2024-07-30$542.16$544.0015.6%4.7%13.1%62.4%16.7%3.4%-0.4%-8.99B-8.65B-762.0M1.141.49N/AN/A3,641,2794,162,3794,950,72211,978,215
2024-07-31$552.00$544.0014.3%4.2%14.5%47.8%15.5%3.3%-0.4%1.51B-68.22B-716.8M1.331.90N/AN/A3,292,9444,368,6695,008,87312,062,044