SPY Options History — October 2024

In October 2024, SPY traded between $566.73 and $584.60. ATM implied volatility averaged 16.0%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 5.9% (HV 20d: 10.0%). Max pain ranged from $557.00 to $572.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 1.23.

Notable Days

  • 2024-10-01: Highest Volume — 9,292,722 contracts
  • 2024-10-07: Largest IV spike — 22.7% change
  • 2024-10-31: Highest IV Rank — 42.9%
  • 2024-10-31: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$577.49$566.73$584.60$569.15$571.17
Max Pain$569.78$557.00$572.00$557.00$572.00
ATM IV16.0%14.5%18.3%14.5%18.3%
Expected Move4.7%4.2%6.0%4.3%6.0%
HV 20d10.0%9.1%11.5%10.6%11.5%
HV 60d15.5%11.8%16.6%16.4%12.1%
IV Rank30.7%23.5%42.9%23.5%42.9%
IV Percentile87.2%79.8%98.0%79.8%98.0%
Term Structure0.1%-0.7%2.3%0.4%-0.4%
VWIV18.9%16.2%22.6%17.2%22.6%
Skew 25d5.8%4.6%7.9%6.2%6.3%
Skew 10d12.4%10.5%16.7%11.9%14.7%
Call IV 25d13.2%11.4%15.0%11.6%15.0%
Put IV 25d19.0%17.0%22.8%17.8%21.3%
Bid-Ask Spread %1.080.881.951.951.51
Gamma HHI0.030.020.070.020.03
Net GEX-163.9M-11.64B9.77B-5.98B-11.64B
Net DEX-75.68B-126.40B-7.90B-47.10B-7.90B
Net VEX-777.5M-837.8M-731.8M-811.8M-811.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.911.571.160.99
Total Volume6,657,843.9135,078,6569,292,7229,292,7228,117,897
Total OI19,495,763.30417,877,70821,496,87417,877,70819,722,929

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-10-01$569.15$557.0014.5%4.3%10.6%23.5%17.2%6.2%0.4%-5.98B-47.10B-811.8M1.161.95N/AN/A4,303,5994,989,1234,898,68912,979,019
2024-10-02$569.30$558.0014.7%4.2%10.6%24.3%16.2%6.0%2.0%-4.72B-51.44B-813.1M1.501.70N/AN/A2,801,2664,192,1644,987,78313,231,808
2024-10-03$566.73$570.0016.1%5.0%10.6%31.7%19.9%6.7%1.9%-7.82B-32.01B-837.8M1.241.01N/AN/A3,148,9603,901,4044,983,37313,561,715
2024-10-04$572.39$570.0014.8%4.6%9.1%24.6%19.9%5.5%2.3%158.0M-68.54B-803.3M1.250.99N/AN/A3,337,5294,168,7745,048,10213,857,407
2024-10-07$567.09$570.0018.1%5.2%9.8%41.8%22.4%7.9%-0.4%-9.46B-25.70B-834.6M1.220.95N/AN/A3,200,6383,899,1804,924,31914,396,538
2024-10-08$573.40$570.0016.8%4.8%10.3%34.9%19.5%7.0%-0.4%2.81B-75.37B-786.1M1.470.88N/AN/A2,666,7713,927,6155,101,41314,438,758
2024-10-09$576.98$570.0016.4%4.6%10.2%32.9%17.0%6.3%-0.3%5.81B-93.07B-764.7M1.411.03N/AN/A2,863,9594,048,5455,072,46414,622,964
2024-10-10$575.65$570.0016.3%4.6%9.7%32.5%19.0%6.3%-0.2%-1.86B-82.02B-782.8M1.220.91N/AN/A2,799,0683,403,0835,253,21914,831,385
2024-10-11$580.13$570.0015.9%4.5%9.8%30.3%21.4%5.7%-0.1%8.35B-108.24B-777.4M1.470.94N/AN/A2,963,6984,358,5495,364,79214,861,919
2024-10-14$584.60$570.0015.5%4.4%10.1%28.6%18.3%5.1%-0.0%9.77B-126.40B-749.8M1.330.91N/AN/A2,183,0152,895,6415,394,57814,951,597
2024-10-15$579.25$571.0016.2%4.6%10.8%32.2%18.6%5.8%-0.1%-5.05B-86.93B-772.8M1.350.96N/AN/A3,013,2744,063,1515,455,92315,153,668
2024-10-16$582.28$571.0015.6%4.5%10.8%28.8%20.7%5.2%-0.0%7.05B-111.98B-762.6M1.130.95N/AN/A2,583,3302,928,1915,567,48315,178,129
2024-10-17$582.50$571.0015.1%4.3%9.4%26.4%17.0%4.7%0.0%4.48B-113.55B-746.7M1.080.97N/AN/A3,022,5383,275,8505,550,65715,472,908
2024-10-18$584.19$571.0014.6%4.2%9.2%24.0%17.9%4.6%-0.0%7.17B-125.02B-731.8M1.250.94N/AN/A2,384,8882,985,8625,663,04215,833,832
2024-10-21$582.57$570.0015.2%4.4%9.3%26.7%18.0%5.1%-0.5%-1.94B-81.45B-743.5M1.220.97N/AN/A2,715,0443,318,8715,015,23913,292,408
2024-10-22$583.85$572.0015.1%4.4%9.3%26.2%16.7%4.9%-0.5%3.29B-89.61B-746.3M1.060.97N/AN/A2,727,1562,893,7595,154,25913,468,326
2024-10-23$577.95$572.0016.3%4.8%10.1%32.5%18.8%5.4%-0.6%-7.95B-51.74B-780.1M0.981.06N/AN/A4,316,0774,212,5165,265,19013,635,029
2024-10-24$579.28$572.0016.1%4.8%10.0%31.5%18.2%5.5%-0.6%1.25B-69.93B-767.6M0.911.01N/AN/A3,076,1592,796,0885,518,83713,819,554
2024-10-25$579.35$572.0016.6%4.9%10.0%33.8%17.9%6.3%-0.7%820.1M-66.55B-782.2M1.151.11N/AN/A3,493,6674,012,8695,451,62913,852,670
2024-10-28$581.39$572.0016.2%5.0%10.1%32.0%18.6%5.6%-0.2%1.84B-74.16B-763.5M1.571.04N/AN/A2,223,8793,491,7185,331,23613,472,488
2024-10-29$582.51$572.0015.9%5.0%9.8%30.5%18.7%5.1%-0.1%1.85B-81.07B-754.6M1.151.02N/AN/A2,555,5252,928,1785,373,16913,885,255
2024-10-30$580.47$572.0016.5%5.3%9.9%33.7%19.7%5.4%-0.3%-2.00B-70.83B-757.6M1.151.15N/AN/A2,765,7803,175,5625,455,21214,051,642
2024-10-31$571.17$572.0018.3%6.0%11.5%42.9%22.6%6.3%-0.4%-11.64B-7.90B-811.0M0.991.51N/AN/A4,079,4254,038,4725,529,20214,193,727