SPYX Options History — April 2022

In April 2022, SPYX traded between $33.83 and $37.32. ATM implied volatility averaged 22.3%, placing in the 44.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.8% (HV 20d: 19.5%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.58.

Notable Days

2022-04-13: Highest Volume — 270 contracts
2022-04-13: Largest IV drop — 52.9% change
2022-04-12: Highest IV Rank — 100.0%
2022-04-29: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.81	$33.83	$37.32	$36.84	$33.83
Max Pain	$35.80	$35.00	$36.00	$36.00	$35.00
ATM IV	22.3%	13.5%	37.6%	13.5%	30.0%
Expected Move	6.0%	4.6%	8.6%	4.8%	8.6%
HV 20d	19.5%	17.0%	24.4%	22.6%	24.4%
HV 60d	22.0%	21.3%	23.6%	21.3%	23.6%
IV Rank	44.2%	11.5%	100.0%	11.5%	72.1%
IV Percentile	70.7%	24.4%	100.0%	24.4%	96.5%
Term Structure	-0.1%	-4.0%	3.3%	3.3%	-3.4%
VWIV	20.1%	18.2%	26.9%	19.7%	26.9%
Skew 25d	8.2%	-0.7%	12.3%	-0.7%	10.7%
Skew 10d	7.7%	1.9%	18.2%	1.9%	6.6%
Call IV 25d	14.4%	9.7%	20.8%	14.8%	18.6%
Put IV 25d	22.6%	14.1%	29.5%	14.1%	29.3%
Bid-Ask Spread %	110.93	101.11	118.84	106.33	111.72
Gamma HHI	0.27	0.15	0.42	0.24	0.15
Net GEX	724	-20.1K	7.5K	2.6K	3.8K
Net DEX	84.5K	4.5K	203.7K	50.7K	78.7K
Net VEX	-687	-1.0K	-488	-925	-488
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.00	0.88	0.57	0.51
Total Volume	198.3	3	270	216	195
Total OI	183.9	147	237	177	186

Daily Data (20 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
2022-04-01	$36.84	$36.00	13.5%	4.8%	22.6%	11.5%	19.7%	-0.7%	3.3%	2.6K	50.7K	-925	0.57	106.33	N/A	N/A	138	78	114	63
2022-04-04	$37.32	$36.00	17.8%	4.6%	20.7%	28.5%	18.2%	8.6%	1.9%	7.5K	4.5K	-1.0K	0.54	115.19	N/A	N/A	144	78	123	66
2022-04-05	$36.89	$36.00	20.4%	5.1%	21.0%	39.1%	19.7%	7.9%	0.4%	5.9K	35.5K	-917	0.54	115.62	N/A	N/A	144	78	123	66
2022-04-06	$36.54	$36.00	19.6%	5.2%	19.5%	35.8%	20.0%	11.1%	1.0%	5.2K	65.3K	-847	0.54	112.81	N/A	N/A	144	78	123	66
2022-04-07	$36.79	$36.00	18.4%	5.1%	18.9%	31.2%	19.5%	10.8%	0.0%	6.2K	60.3K	-835	0.54	113.89	N/A	N/A	144	78	123	66
2022-04-08	$36.65	$36.00	18.4%	4.9%	18.6%	31.0%	19.5%	11.0%	1.3%	6.1K	69.4K	-824	0.54	106.75	N/A	N/A	144	78	123	66
2022-04-11	$36.00	$36.00	26.2%	5.7%	19.6%	61.9%	20.2%	8.2%	0.5%	3.4K	109.2K	-658	0.85	115.42	N/A	N/A	144	123	123	66
2022-04-12	$35.74	$36.00	37.6%	6.2%	18.4%	100.0%	20.7%	4.4%	-0.2%	-20.1K	193.9K	-680	0.85	113.24	N/A	N/A	144	123	123	111
2022-04-13	$36.23	$36.00	17.7%	5.1%	18.2%	26.3%	18.8%	11.1%	1.6%	-15.2K	149.0K	-708	0.88	115.65	N/A	N/A	144	126	123	111
2022-04-14	$35.82	$36.00	19.1%	5.5%	17.7%	31.8%	18.2%	3.4%	0.9%	-19.8K	203.7K	-596	0.88	118.84	N/A	N/A	144	126	123	114
2022-04-18	$35.58	$36.00	20.2%	5.8%	17.0%	35.5%	18.7%	5.9%	-0.2%	970	87.0K	-530	0.59	118.57	N/A	N/A	96	57	102	45
2022-04-19	$36.31	$36.00	17.9%	5.1%	18.5%	27.1%	18.6%	8.5%	0.9%	2.6K	73.4K	-613	0.59	113.74	N/A	N/A	96	57	102	45
2022-04-20	$36.40	$36.00	18.7%	5.4%	17.6%	30.0%	18.4%	9.7%	0.1%	3.4K	65.6K	-651	0.54	109.28	N/A	N/A	105	57	102	45
2022-04-21	$35.79	$36.00	20.9%	6.0%	18.1%	38.2%	18.7%	5.0%	-0.7%	3.4K	69.7K	-609	0.53	104.85	N/A	N/A	108	57	111	45
2022-04-22	$35.03	$36.00	25.0%	7.2%	19.2%	53.5%	18.5%	7.1%	-1.9%	2.4K	80.3K	-579	0.56	103.64	N/A	N/A	108	60	111	45
2022-04-25	$35.04	$36.00	23.3%	6.7%	19.1%	47.0%	20.8%	12.3%	-0.3%	2.6K	88.1K	-576	0.48	102.37	N/A	N/A	126	60	117	48
2022-04-26	$34.17	$35.00	28.4%	8.1%	20.1%	66.1%	23.8%	8.4%	-2.3%	4.0K	75.6K	-530	0.50	101.11	N/A	N/A	126	63	135	48
2022-04-27	$34.14	$35.00	27.2%	7.8%	18.9%	61.5%	0.0%	10.4%	-0.6%	3.7K	81.0K	-528	0.00	111.31	N/A	N/A	3	0	135	51
2022-04-28	$35.02	$35.00	25.6%	7.3%	21.7%	55.8%	23.9%	10.0%	-4.0%	5.7K	49.3K	-609	0.49	108.19	N/A	N/A	129	63	138	51
2022-04-29	$33.83	$35.00	30.0%	8.6%	24.4%	72.1%	26.9%	10.7%	-3.4%	3.8K	78.7K	-488	0.51	111.72	N/A	N/A	129	66	138	48