SPYX Options History — January 2023

In January 2023, SPYX traded between $30.73 and $32.95. ATM implied volatility averaged 22.5%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.8% (HV 20d: 17.7%). Max pain ranged from $30.67 to $32.33. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.95.

Notable Days

  • 2023-01-12: Highest Volume — 17 contracts
  • 2023-01-18: Largest IV spike — 53.8% change
  • 2023-01-18: Highest IV Rank — 26.8%
  • 2023-01-18: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.93$30.73$32.95$30.81$32.79
Max Pain$31.83$30.67$32.33$32.33$32.33
ATM IV22.5%17.0%31.7%23.1%23.5%
Expected Move6.4%4.9%9.1%6.6%6.7%
HV 20d17.7%15.0%20.0%18.8%15.0%
HV 60d21.9%20.7%23.5%23.5%20.7%
IV Rank13.5%5.2%26.8%15.8%14.7%
IV Percentile35.7%3.2%91.3%38.9%43.3%
Term Structure-1.1%-7.4%6.5%-0.4%-4.4%
VWIV24.3%17.2%33.6%29.1%22.7%
Skew 25d6.8%-1.7%64.8%-1.3%64.8%
Skew 10d3.4%1.1%7.5%2.4%2.4%
Call IV 25d19.3%11.7%25.3%18.8%22.4%
Put IV 25d26.1%16.8%87.2%17.5%87.2%
Bid-Ask Spread %147.25107.64173.15118.86156.91
Gamma HHI0.240.220.270.250.22
Net GEX-4.9K-14.3K5.0K-9.6K3.6K
Net DEX-10.0K-103.3K125.9K121.0K-97.0K
Net VEX-395-5290-466-320
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.004.000.001.00
Total Volume4.401761
Total OI139.75021217171

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$30.81$32.3323.1%6.6%18.8%15.8%0.0%-1.3%-0.4%-9.6K121.0K-4660.00118.86N/AN/A6069102
2023-01-04$30.90$32.3320.7%5.9%18.8%12.3%0.0%1.9%-0.1%-11.3K101.4K-5110.00120.51N/AN/A0075102
2023-01-05$30.73$0.0021.4%6.3%17.6%13.4%0.0%8.1%-0.0%-9.9K125.9K-4651.00107.64N/AN/A3375102
2023-01-06$31.49$0.0020.0%5.8%19.9%9.6%0.0%8.2%0.8%-14.3K68.5K-5120.00111.28N/AN/A0078105
2023-01-09$31.45$0.0023.6%6.0%19.7%14.8%0.0%2.3%0.2%-13.0K58.2K-5100.00117.07N/AN/A15078105
2023-01-10$31.55$0.0022.7%6.0%19.8%13.5%0.0%4.6%-0.4%-9.8K36.6K-5290.00119.62N/AN/A0090105
2023-01-11$31.95$0.0019.8%5.7%20.0%9.2%0.0%6.7%0.1%-11.8K440-5070.00116.56N/AN/A0090105
2023-01-12$32.06$0.0029.0%8.3%19.6%22.8%29.1%5.5%-4.8%0000.00173.15N/AN/A17000
2023-01-13$32.27$31.6723.5%6.7%19.5%14.7%0.0%6.9%-5.0%-8.1K-51.5K-4950.00165.52N/AN/A0295105
2023-01-17$32.19$31.6720.6%5.9%17.0%10.5%21.1%1.0%-0.6%-8.4K-36.0K-4421.50169.31N/AN/A4695107
2023-01-18$31.73$31.6731.7%9.1%17.6%26.8%30.4%4.6%-6.9%-9.2K22.6K-4411.33171.17N/AN/A3499113
2023-01-19$31.53$30.6722.1%6.3%16.8%12.7%0.0%0.9%2.5%-9.7K39.8K-4024.00166.38N/AN/A14100111
2023-01-20$31.95$30.6720.1%5.8%17.4%9.8%20.8%10.7%5.9%-13.4K-12.1K-3560.50172.87N/AN/A42100108
2023-01-23$32.38$32.0017.0%4.9%17.5%5.2%17.2%5.4%-2.0%4.6K-94.9K-3270.00171.20N/AN/A10569
2023-01-24$32.33$32.0018.4%5.3%16.2%7.3%21.0%2.8%-2.8%5.0K-94.4K-3142.00159.25N/AN/A12579
2023-01-25$32.36$32.0019.2%5.5%16.1%8.4%18.8%0.7%-2.5%4.6K-93.5K-3341.00155.46N/AN/A115811
2023-01-26$32.64$32.0029.0%8.3%16.2%22.8%31.2%2.2%-7.4%4.8K-101.6K-3260.00159.11N/AN/A205912
2023-01-27$32.95$32.0024.6%7.1%15.2%16.4%33.6%1.5%6.5%4.1K-103.3K-3350.00157.02N/AN/A015712
2023-01-30$32.50$32.3320.3%5.8%15.3%10.0%21.1%-1.7%-0.6%4.0K-91.0K-3151.00156.17N/AN/A225713
2023-01-31$32.79$32.3323.5%6.7%15.0%14.7%22.7%64.8%-4.4%3.6K-97.0K-3200.00156.91N/AN/A015714