SPY Options History — April 2025 In April 2025, SPY traded between $491.03 and $565.16. ATM implied volatility averaged 27.6%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 17.3% (HV 20d: 44.9%). Max pain ranged from $545.00 to $575.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.29.
Notable Days 2025-04-04 : Highest Volume — 14,569,801 contracts2025-04-10 : Largest IV spike — 43.7% change2025-04-04 : Highest IV Rank — 100.0%2025-04-08 : Largest Expected Move — 12.4%Monthly Statistics Metric Avg Min Max Open Close Price $534.41 $491.03 $565.16 $560.29 $551.85 Max Pain $552.24 $545.00 $575.00 $575.00 $545.00 ATM IV 27.6% 18.4% 46.1% 18.9% 22.1% Expected Move 7.8% 5.1% 12.4% 5.3% 6.6% HV 20d 44.9% 21.9% 53.7% 21.9% 53.1% HV 60d 28.6% 16.5% 33.3% 16.6% 33.3% IV Rank 55.1% 31.9% 100.0% 46.7% 34.2% IV Percentile 96.2% 90.5% 100.0% 93.7% 92.5% Term Structure -0.8% -2.6% 0.3% 0.3% 0.1% VWIV 29.6% 19.8% 44.0% 20.1% 26.7% Skew 25d 9.9% 5.9% 18.3% 5.9% 7.7% Skew 10d 20.3% 11.9% 38.7% 11.9% 14.2% Call IV 25d 22.5% 15.1% 36.6% 15.5% 18.1% Put IV 25d 32.4% 21.2% 54.9% 21.4% 25.8% Bid-Ask Spread % 2.19 1.39 4.61 1.39 1.78 Gamma HHI 0.03 0.02 0.04 0.03 0.02 Net GEX -6.39B -15.87B 2.40B -5.76B -2.72B Net DEX 89.40B -10.00B 247.67B 54.03B 5.35B Net VEX -844.1M -942.6M -793.4M -793.4M -853.2M Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 1.29 1.11 1.64 1.18 1.27 Total Volume 10,443,536.381 8,482,900 14,569,801 9,379,727 9,573,139 Total OI 17,973,004.714 16,108,502 20,424,191 16,254,770 17,723,834
Daily Data (21 trading days) Date Price Max Pain ATM IV Exp Move HV 20d IV Rank VWIV Skew 25d Term Str GEX DEX VEX P/C Spread % Call Wall Put Wall Call Vol Put Vol Call OI Put OI 2025-04-01 $560.29 $575.00 18.9% 5.3% 21.9% 46.7% 20.1% 5.9% 0.3% -5.76B 54.03B -793.4M 1.18 1.39 N/A N/A 4,308,907 5,070,820 5,948,709 10,306,061 2025-04-02 $565.16 $575.00 18.4% 5.1% 22.1% 43.9% 19.8% 6.1% -0.3% -3.63B 31.05B -802.9M 1.28 1.62 N/A N/A 3,720,871 4,762,029 5,981,091 10,453,662 2025-04-03 $538.62 $575.00 24.7% 6.8% 26.9% 76.1% 24.1% 7.9% -0.8% -15.87B 166.68B -806.1M 1.47 1.61 N/A N/A 4,991,722 7,338,704 6,105,021 10,742,840 2025-04-04 $512.69 $565.00 34.0% 9.2% 31.4% 100.0% 33.5% 13.1% -1.6% -11.80B 233.80B -804.3M 1.64 4.61 N/A N/A 5,525,991 9,043,810 6,491,603 10,920,472 2025-04-07 $501.94 $555.00 40.7% 10.8% 30.9% 100.0% 39.8% 15.4% -2.3% -11.76B 234.45B -807.0M 1.47 3.66 N/A N/A 4,008,675 5,873,533 6,815,676 11,020,898 2025-04-08 $491.03 $555.00 46.1% 12.4% 31.4% 100.0% 44.0% 18.3% -2.6% -9.77B 247.67B -798.4M 1.52 2.95 N/A N/A 4,894,614 7,436,735 7,041,003 11,262,593 2025-04-09 $541.50 $551.00 26.5% 7.4% 48.6% 46.3% 31.7% 11.1% -0.9% -5.66B 56.85B -909.5M 1.22 3.79 N/A N/A 5,740,712 6,986,706 7,229,045 11,743,856 2025-04-10 $520.00 $550.00 38.1% 10.5% 50.3% 78.2% 39.9% 17.5% -1.8% -9.43B 154.10B -938.3M 1.38 3.73 N/A N/A 5,785,212 8,000,239 7,552,187 12,220,898 2025-04-11 $534.40 $550.00 31.6% 8.9% 50.8% 60.2% 33.7% 13.6% -1.0% -7.42B 87.47B -942.6M 1.19 2.38 N/A N/A 4,483,271 5,323,996 7,760,806 12,663,385 2025-04-14 $541.58 $548.00 25.5% 7.3% 50.8% 43.5% 28.0% 10.4% -0.4% -7.07B 56.01B -876.6M 1.28 1.95 N/A N/A 4,135,333 5,284,843 7,391,886 12,148,852 2025-04-15 $537.80 $547.00 25.1% 7.2% 50.7% 42.2% 27.9% 9.8% -0.3% -9.01B 74.72B -863.8M 1.33 1.50 N/A N/A 3,808,293 5,073,593 7,414,580 12,216,243 2025-04-16 $522.97 $546.00 29.1% 8.3% 51.0% 53.3% 30.4% 9.8% -0.7% -11.97B 137.39B -849.7M 1.35 1.77 N/A N/A 4,320,550 5,829,124 7,464,874 12,179,957 2025-04-17 $527.62 $545.00 26.4% 7.6% 51.2% 45.9% 27.9% 8.8% -0.3% -9.53B 102.90B -842.2M 1.33 1.58 N/A N/A 4,224,094 5,617,739 7,732,613 11,962,536 2025-04-21 $512.23 $545.00 30.3% 8.9% 52.1% 56.8% 32.1% 7.8% -1.0% -9.18B 131.95B -797.4M 1.21 1.71 N/A N/A 4,382,829 5,316,115 6,243,786 9,864,716 2025-04-22 $526.79 $545.00 27.5% 8.0% 52.6% 49.0% 29.1% 7.5% -0.8% -4.41B 70.07B -830.4M 1.13 1.61 N/A N/A 4,823,767 5,446,527 6,564,009 10,077,507 2025-04-23 $535.06 $545.00 25.8% 7.6% 53.0% 44.3% 28.6% 7.5% -0.6% -2.56B 43.23B -839.0M 1.30 1.81 N/A N/A 5,111,313 6,621,789 6,583,691 10,203,998 2025-04-24 $546.42 $545.00 23.4% 6.9% 53.7% 37.8% 27.0% 7.6% -0.5% 868.0M 4.08B -856.0M 1.28 1.51 N/A N/A 4,051,461 5,204,646 6,742,632 10,566,138 2025-04-25 $549.44 $545.00 22.0% 6.4% 53.7% 33.8% 26.0% 7.5% -0.3% 2.40B -2.98B -841.9M 1.11 1.72 N/A N/A 4,506,257 4,994,833 6,864,482 10,816,551 2025-04-28 $551.04 $545.00 21.9% 6.5% 53.1% 33.6% 26.5% 7.1% -0.0% -732.6M -1.46B -832.3M 1.15 1.63 N/A N/A 4,108,306 4,713,270 6,583,885 10,448,132 2025-04-29 $554.13 $545.00 21.3% 6.3% 53.0% 31.9% 25.1% 7.3% 0.1% 796.9M -10.00B -841.0M 1.11 1.67 N/A N/A 4,213,378 4,656,518 6,650,715 10,727,676 2025-04-30 $551.85 $545.00 22.1% 6.6% 53.1% 34.2% 26.7% 7.7% 0.1% -2.72B 5.35B -853.2M 1.27 1.78 N/A N/A 4,223,367 5,349,772 6,705,977 11,017,857
« Mar 2025 | All History | May 2025 » Home SPY History April 2025