SPY Options History — November 2024

In November 2024, SPY traded between $569.84 and $603.17. ATM implied volatility averaged 13.0%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded below realized volatility by 0.5% (HV 20d: 13.5%). Max pain ranged from $545.00 to $572.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.15.

Notable Days

  • 2024-11-15: Highest Volume — 10,085,495 contracts
  • 2024-11-06: Largest IV drop — 23.5% change
  • 2024-11-04: Highest IV Rank — 41.7%
  • 2024-11-01: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$591.51$569.84$603.17$571.63$603.17
Max Pain$558.45$545.00$572.00$572.00$565.00
ATM IV13.0%10.3%18.1%17.9%10.3%
Expected Move3.8%3.2%5.8%5.8%3.2%
HV 20d13.5%10.3%14.7%10.9%13.0%
HV 60d12.1%11.6%12.5%11.6%11.6%
IV Rank15.5%1.8%41.7%40.8%1.8%
IV Percentile54.6%3.2%97.2%96.8%3.2%
Term Structure-0.1%-0.7%0.6%-0.3%-0.1%
VWIV15.2%11.3%21.5%21.5%11.3%
Skew 25d3.8%2.6%6.1%6.1%2.9%
Skew 10d8.8%6.5%14.1%14.1%6.5%
Call IV 25d11.4%9.4%15.0%14.9%9.6%
Put IV 25d15.2%12.4%21.0%21.0%12.4%
Bid-Ask Spread %1.511.022.521.252.52
Gamma HHI0.050.020.110.030.08
Net GEX5.64B-8.22B19.07B-6.92B17.58B
Net DEX-112.59B-164.39B-15.82B-23.50B-158.35B
Net VEX-714.8M-808.6M-664.7M-808.6M-678.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.911.451.321.20
Total Volume7,031,763.754,175,07810,085,4957,601,7254,175,078
Total OI18,767,318.6517,268,39720,671,80318,549,49719,028,419

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-11-01$571.63$572.0017.9%5.8%10.9%40.8%21.5%6.1%-0.3%-6.92B-23.50B-808.6M1.321.25N/AN/A3,279,4034,322,3225,598,82712,950,670
2024-11-04$569.84$545.0018.1%5.0%10.5%41.7%20.0%6.0%-0.3%-8.22B-15.82B-798.1M1.291.22N/AN/A3,057,9753,949,5455,381,33511,887,062
2024-11-05$575.40$545.0017.0%4.7%10.3%36.1%20.4%5.6%-0.4%259.6M-54.89B-760.9M1.452.10N/AN/A3,131,8274,534,6585,493,09012,077,482
2024-11-06$591.28$547.0013.0%3.9%14.0%15.6%16.3%3.5%0.2%10.02B-146.68B-681.1M1.311.52N/AN/A3,282,1314,298,1565,599,76112,852,869
2024-11-07$596.08$550.0012.1%3.6%14.1%10.9%14.4%2.8%0.2%12.78B-164.39B-664.7M0.991.42N/AN/A3,291,4353,269,2085,710,92213,270,073
2024-11-08$597.81$554.0011.9%3.6%13.9%9.9%14.6%2.6%0.3%12.39B-163.39B-698.2M1.241.19N/AN/A3,039,6943,771,2835,965,98113,604,749
2024-11-11$598.20$555.0012.1%3.6%13.7%10.8%14.7%2.8%0.4%6.11B-151.96B-677.3M1.171.02N/AN/A2,462,3552,875,4035,772,37513,763,386
2024-11-12$597.32$560.0012.1%3.6%13.2%11.1%14.7%3.0%0.4%4.16B-146.00B-672.9M1.111.05N/AN/A3,287,8403,652,7345,880,12413,936,852
2024-11-13$598.14$560.0011.5%3.5%13.2%7.7%13.9%2.7%0.6%7.96B-153.62B-689.1M1.221.14N/AN/A3,196,6583,893,6616,034,71714,040,503
2024-11-14$593.18$560.0011.7%3.5%13.6%8.7%12.9%3.0%0.5%-1.06B-122.89B-681.6M1.171.19N/AN/A3,448,3944,037,0166,098,25514,319,524
2024-11-15$584.91$560.0013.4%3.9%14.6%17.5%14.7%4.0%0.4%-6.35B-68.18B-727.0M1.061.58N/AN/A4,905,9765,179,5196,304,56714,367,236
2024-11-18$588.10$560.0013.1%3.8%14.7%16.2%15.1%4.0%-0.5%3.18B-78.68B-737.8M0.941.14N/AN/A3,166,3322,972,7465,941,73411,643,109
2024-11-19$589.96$560.0013.4%3.8%14.7%17.3%15.2%4.0%-0.6%4.88B-88.75B-738.5M1.151.27N/AN/A3,389,7813,887,7185,919,25711,789,535
2024-11-20$589.63$560.0014.2%4.1%14.1%21.6%16.7%4.5%-0.7%962.1M-82.45B-763.4M0.991.31N/AN/A3,190,1693,142,6345,966,01911,976,634
2024-11-21$594.23$561.0013.5%3.9%14.3%17.8%14.4%4.3%-0.7%9.08B-114.83B-744.0M1.081.38N/AN/A3,795,9074,101,9896,152,21012,119,626
2024-11-22$594.97$562.0012.1%3.5%14.3%11.1%14.4%4.0%-0.5%13.09B-115.04B-724.2M1.031.66N/AN/A3,511,4523,618,7956,137,39412,293,685
2024-11-25$597.01$563.0011.4%3.4%14.3%7.3%12.9%3.5%-0.2%11.25B-127.48B-684.1M0.912.05N/AN/A4,305,0083,914,9405,951,98312,165,468
2024-11-26$600.76$565.0010.7%3.2%14.4%3.5%12.4%3.2%-0.1%19.07B-149.60B-674.1M1.282.16N/AN/A3,074,1793,949,8926,146,95012,341,464
2024-11-27$598.58$565.0010.5%3.2%14.4%2.9%12.9%3.5%-0.1%2.67B-125.34B-691.3M1.191.97N/AN/A2,869,8823,401,5806,153,36412,709,162
2024-11-29$603.17$565.0010.3%3.2%13.0%1.8%11.3%2.9%-0.1%17.58B-158.35B-678.6M1.202.52N/AN/A1,898,3292,276,7496,179,17512,849,244