SPYX Options History — February 2022

In February 2022, SPYX traded between $34.64 and $37.56. ATM implied volatility averaged 23.6%, placing in the 53.8% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 2.9% (HV 20d: 20.7%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.34.

Notable Days

2022-02-16: Highest Volume — 228 contracts
2022-02-03: Largest IV spike — 38.7% change
2022-02-23: Highest IV Rank — 70.5%
2022-02-23: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.30	$34.64	$37.56	$37.19	$35.53
Max Pain	$35.44	$35.00	$36.00	$35.67	$35.00
ATM IV	23.6%	16.6%	27.6%	19.7%	27.2%
Expected Move	6.6%	4.7%	7.9%	5.6%	7.8%
HV 20d	20.7%	17.7%	23.8%	17.7%	23.6%
HV 60d	17.8%	16.1%	19.1%	16.1%	19.1%
IV Rank	53.8%	24.7%	70.5%	37.6%	68.6%
IV Percentile	86.3%	64.7%	95.4%	76.8%	94.2%
Term Structure	-1.3%	-3.5%	0.0%	-0.1%	-1.7%
VWIV	22.5%	16.6%	25.6%	20.5%	25.6%
Skew 25d	10.7%	2.0%	15.2%	4.3%	9.1%
Skew 10d	12.8%	5.1%	18.7%	5.1%	9.5%
Call IV 25d	15.9%	10.7%	25.6%	15.0%	21.5%
Put IV 25d	26.6%	17.9%	34.6%	19.4%	30.6%
Bid-Ask Spread %	109.25	98.71	127.60	126.12	110.02
Gamma HHI	0.23	0.19	0.32	0.22	0.31
Net GEX	15.0K	8.2K	22.6K	16.9K	9.1K
Net DEX	-116.6K	-228.7K	-12.8K	-191.8K	-39.6K
Net VEX	-962	-1.2K	-623	-1.2K	-823
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.23	0.38	0.37	0.27
Total Volume	207	177	228	213	183
Total OI	189.158	159	210	195	162

Daily Data (19 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
2022-02-01	$37.19	$35.67	19.7%	5.6%	17.7%	37.6%	20.5%	4.3%	-0.1%	16.9K	-191.8K	-1.2K	0.37	126.12	N/A	N/A	156	57	159	36
2022-02-02	$37.56	$35.67	16.6%	4.7%	18.2%	24.7%	22.4%	2.0%	-0.9%	19.8K	-228.7K	-1.2K	0.38	119.39	N/A	N/A	156	60	159	36
2022-02-03	$36.73	$36.00	23.0%	6.3%	18.8%	51.2%	23.5%	13.6%	-0.4%	14.5K	-132.6K	-1.1K	0.37	104.16	N/A	N/A	156	57	159	39
2022-02-04	$37.05	$36.00	23.3%	6.0%	19.2%	52.6%	23.2%	15.2%	-0.1%	15.3K	-148.7K	-1.0K	0.37	98.71	N/A	N/A	156	57	159	39
2022-02-07	$36.78	$36.00	26.3%	6.0%	19.3%	64.9%	22.6%	9.9%	-0.2%	15.6K	-161.5K	-1.1K	0.38	107.39	N/A	N/A	156	60	159	39
2022-02-08	$36.95	$36.00	22.7%	5.4%	19.3%	50.2%	20.3%	9.0%	0.0%	18.0K	-166.0K	-1.1K	0.38	111.08	N/A	N/A	156	60	156	39
2022-02-09	$37.50	$36.00	18.5%	5.3%	19.7%	32.7%	16.6%	9.0%	-0.3%	14.5K	-199.8K	-1.1K	0.38	112.54	N/A	N/A	156	60	156	39
2022-02-10	$36.77	$36.00	23.6%	6.8%	20.7%	53.9%	23.7%	13.0%	-1.3%	14.8K	-146.6K	-1.0K	0.38	100.89	N/A	N/A	156	60	156	39
2022-02-11	$36.07	$36.00	24.2%	6.9%	21.3%	56.3%	23.4%	13.1%	-3.2%	12.2K	-120.1K	-1.1K	0.35	125.65	N/A	N/A	156	54	156	39
2022-02-14	$36.02	$35.00	24.8%	7.1%	21.3%	58.9%	23.1%	14.4%	-1.5%	15.1K	-108.1K	-1.0K	0.35	127.60	N/A	N/A	156	54	156	42
2022-02-15	$36.47	$35.00	23.0%	6.6%	21.1%	51.3%	23.1%	12.3%	-1.1%	16.8K	-119.6K	-955	0.33	102.74	N/A	N/A	165	54	156	42
2022-02-16	$36.69	$35.00	20.2%	5.8%	21.2%	39.8%	21.9%	13.3%	-0.6%	22.2K	-171.9K	-1.0K	0.38	107.11	N/A	N/A	165	63	165	42
2022-02-17	$35.95	$35.00	24.4%	7.0%	22.1%	57.2%	23.4%	10.4%	-2.0%	20.8K	-97.9K	-931	0.38	103.84	N/A	N/A	165	63	165	45
2022-02-18	$35.67	$35.00	25.7%	7.4%	20.9%	62.5%	22.9%	13.9%	-2.1%	22.6K	-56.3K	-832	0.33	103.81	N/A	N/A	165	54	165	45
2022-02-22	$35.29	$35.00	26.9%	7.7%	21.1%	67.2%	22.5%	13.0%	-3.5%	10.1K	-37.9K	-763	0.23	99.96	N/A	N/A	144	33	138	24
2022-02-23	$34.64	$35.00	27.6%	7.9%	22.0%	70.5%	24.9%	4.3%	-1.7%	8.2K	-12.8K	-623	0.23	101.47	N/A	N/A	144	33	138	24
2022-02-24	$34.97	$35.00	26.2%	7.5%	22.1%	64.6%	19.9%	15.2%	-2.2%	9.3K	-26.1K	-686	0.25	105.84	N/A	N/A	144	36	138	24
2022-02-25	$35.83	$35.00	24.6%	7.0%	23.8%	57.9%	23.3%	7.9%	-1.7%	10.2K	-48.9K	-764	0.27	107.50	N/A	N/A	144	39	132	27
2022-02-28	$35.53	$35.00	27.2%	7.8%	23.6%	68.6%	25.6%	9.1%	-1.7%	9.1K	-39.6K	-823	0.27	110.02	N/A	N/A	144	39	132	30