SPYX Options History — February 2023

In February 2023, SPYX traded between $32.10 and $33.72. ATM implied volatility averaged 24.3%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 8.3% (HV 20d: 15.9%). Max pain ranged from $32.33 to $34.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.07.

Notable Days

  • 2023-02-02: Highest Volume — 23 contracts
  • 2023-02-16: Largest IV spike — 52.7% change
  • 2023-02-28: Highest IV Rank — 28.6%
  • 2023-02-28: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.03$32.10$33.72$33.46$32.22
Max Pain$33.15$32.33$34.00$32.33$33.00
ATM IV24.3%17.3%33.0%32.3%33.0%
Expected Move6.5%5.0%9.4%9.3%9.4%
HV 20d15.9%14.9%16.8%16.1%15.8%
HV 60d18.4%16.8%20.8%20.8%16.8%
IV Rank15.9%5.7%28.6%27.7%28.6%
IV Percentile46.2%4.0%93.7%92.9%93.7%
Term Structure-1.7%-9.2%7.6%-9.1%-9.2%
VWIV24.8%19.1%29.2%22.3%19.1%
Skew 25d6.8%-0.9%52.4%3.0%10.4%
Skew 10d8.2%2.4%48.0%5.1%5.1%
Call IV 25d19.7%16.2%24.5%24.5%20.6%
Put IV 25d26.4%20.3%70.8%27.5%31.0%
Bid-Ask Spread %134.48126.52149.89149.89126.52
Gamma HHI0.190.170.210.200.21
Net GEX5.4K928.5K3.0K8.3K
Net DEX-142.0K-177.0K-107.2K-107.2K-121.6K
Net VEX-408-483-269-330-408
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.005.000.000.00
Total Volume3.05302301
Total OI92.316731167385

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$33.46$32.3332.3%9.3%16.1%27.7%0.0%3.0%-9.1%3.0K-107.2K-3300.00149.89N/AN/A005716
2023-02-02$33.72$0.0022.9%5.2%16.2%13.9%0.0%3.5%0.6%3.6K-125.9K-2690.00134.60N/AN/A2305716
2023-02-03$33.55$0.0023.8%5.6%16.1%15.2%0.0%3.6%0.9%5.6K-159.1K-4760.00131.41N/AN/A007816
2023-02-06$33.26$0.0026.6%5.7%14.9%19.2%0.0%52.4%0.7%5.2K-150.1K-4830.00133.33N/AN/A027816
2023-02-07$33.68$0.0031.5%5.5%15.3%26.5%0.0%5.9%1.9%6.3K-174.9K-3740.00131.95N/AN/A007818
2023-02-08$33.33$0.0020.9%6.0%16.0%11.0%0.0%1.4%-0.7%5.4K-158.1K-4350.00133.93N/AN/A107818
2023-02-09$33.05$0.0021.9%6.3%16.1%12.3%0.0%3.4%-1.0%4.8K-140.8K-4710.00127.93N/AN/A007918
2023-02-10$33.05$0.0022.2%6.4%16.1%12.8%0.0%2.6%-4.0%4.9K-144.5K-4450.00135.92N/AN/A007918
2023-02-13$33.44$0.0022.7%6.5%16.4%13.6%0.0%4.6%1.2%5.1K-152.5K-4480.00136.20N/AN/A007918
2023-02-14$33.51$0.0019.0%5.4%16.3%8.1%0.0%8.0%7.6%5.1K-167.3K-3970.00135.90N/AN/A077918
2023-02-15$33.51$0.0017.3%5.0%15.1%5.7%0.0%5.2%4.8%5.9K-177.0K-3295.00133.29N/AN/A2107924
2023-02-16$33.17$34.0026.5%7.6%15.5%19.2%0.0%7.0%-4.6%2.3K-146.9K-4060.00135.13N/AN/A047935
2023-02-17$33.03$34.0021.6%6.2%15.1%11.9%22.3%8.7%-1.4%92-138.5K-4021.50135.22N/AN/A237937
2023-02-21$32.46$33.0023.6%6.8%15.9%15.0%0.0%1.8%-2.3%7.3K-127.7K-4190.00134.23N/AN/A00768
2023-02-22$32.26$33.0022.0%6.3%16.1%12.6%29.2%-0.9%-2.3%6.9K-128.3K-4101.00136.02N/AN/A11768
2023-02-23$32.54$33.0025.6%7.3%16.4%17.8%28.6%3.9%-7.4%7.6K-131.4K-4240.00133.84N/AN/A10777
2023-02-24$32.10$33.0022.8%6.5%16.8%13.7%0.0%2.3%-3.8%7.6K-119.6K-4240.00135.40N/AN/A00787
2023-02-27$32.26$33.0024.9%7.1%16.5%16.8%0.0%1.5%-4.9%8.5K-125.8K-3970.00134.36N/AN/A00787
2023-02-28$32.22$33.0033.0%9.4%15.8%28.6%19.1%10.4%-9.2%8.3K-121.6K-4080.00126.52N/AN/A10787