SPYX Options History — March 2023

In March 2023, SPYX traded between $31.25 and $33.18. ATM implied volatility averaged 30.9%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 14.6% (HV 20d: 16.3%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 2.02.

Notable Days

  • 2023-03-06: Highest Volume — 11 contracts
  • 2023-03-13: Largest IV spike — 90.5% change
  • 2023-03-13: Highest IV Rank — 94.0%
  • 2023-03-02: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.17$31.25$33.18$32.05$33.18
Max Pain$30.39$30.00$33.00$33.00$30.00
ATM IV30.9%19.1%77.4%25.7%23.5%
Expected Move6.9%4.7%9.5%7.4%6.7%
HV 20d16.3%13.6%17.9%15.5%17.6%
HV 60d16.7%15.9%17.3%16.8%16.3%
IV Rank25.7%8.2%94.0%18.0%14.7%
IV Percentile61.2%11.9%99.6%59.5%42.1%
Term Structure-1.9%-7.8%28.1%-7.4%-6.2%
VWIV25.8%13.1%61.7%20.7%21.6%
Skew 25d4.0%-1.9%12.7%-0.2%-0.7%
Skew 10d1.0%-9.0%16.5%4.2%-5.3%
Call IV 25d20.4%13.1%26.1%26.1%21.1%
Put IV 25d24.4%17.3%30.9%25.9%20.4%
Bid-Ask Spread %139.64132.11151.37136.10132.85
Gamma HHI0.230.190.280.220.25
Net GEX8.4K6.6K11.0K7.9K8.2K
Net DEX-140.8K-208.9K-85.4K-118.8K-208.9K
Net VEX-439-539-356-392-386
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.0010.0010.000.00
Total Volume2.60901103
Total OI103.138411984112

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$32.05$33.0025.7%7.4%15.5%18.0%0.0%-0.2%-7.4%7.9K-118.8K-3920.00136.10N/AN/A00777
2023-03-02$32.28$33.0033.1%9.5%13.6%28.8%0.0%5.1%-7.8%7.8K-125.1K-3950.00133.26N/AN/A00777
2023-03-03$32.75$33.0027.7%7.9%14.5%20.9%0.0%6.0%-5.4%8.7K-139.4K-3610.00132.11N/AN/A00777
2023-03-06$32.82$30.0025.2%4.7%14.4%17.2%20.7%0.1%1.8%8.2K-147.3K-35610.00142.75N/AN/A110777
2023-03-07$32.33$30.0039.3%6.9%15.1%38.0%0.0%2.8%-5.9%7.1K-108.9K-4150.00144.73N/AN/A007817
2023-03-08$32.36$30.0028.3%4.8%14.2%21.8%0.0%0.1%3.3%6.8K-111.3K-4140.00146.22N/AN/A017817
2023-03-09$31.77$30.0031.2%5.4%15.0%26.0%0.0%0.5%0.0%6.6K-89.1K-4060.00140.01N/AN/A1007818
2023-03-10$31.25$30.0040.6%6.8%15.7%39.9%0.0%6.1%-2.2%8.0K-85.4K-4690.00142.66N/AN/A008818
2023-03-13$31.38$30.0077.4%9.1%15.9%94.0%13.1%12.7%-6.6%7.5K-102.7K-5390.00144.74N/AN/A209818
2023-03-14$31.62$30.0075.7%8.8%15.5%91.4%0.0%5.2%-7.3%8.9K-116.0K-5110.00151.37N/AN/A1010018
2023-03-15$31.53$30.0027.2%7.8%15.4%20.1%26.7%3.2%-4.0%9.4K-111.5K-48610.00143.94N/AN/A11010118
2023-03-16$32.22$30.0023.6%6.8%17.7%14.8%20.9%7.4%28.1%10.4K-152.3K-5120.00137.58N/AN/A2010211
2023-03-17$31.87$30.0023.5%6.7%17.7%14.7%0.0%-1.9%0.1%11.0K-145.8K-4701.00139.47N/AN/A1110311
2023-03-20$32.00$30.0021.5%6.2%17.8%11.8%61.7%4.9%-0.5%8.0K-152.2K-4540.00136.56N/AN/A10959
2023-03-21$32.46$30.0020.5%5.9%17.6%10.3%0.0%6.4%-0.6%8.0K-172.6K-4530.00143.74N/AN/A00969
2023-03-22$32.19$30.0026.1%7.5%17.8%18.5%0.0%5.1%-3.7%8.1K-162.8K-4420.00141.25N/AN/A00969
2023-03-23$32.02$30.0027.8%8.0%17.5%21.0%0.0%3.3%-4.3%8.3K-152.4K-4660.00137.97N/AN/A00969
2023-03-24$32.16$30.0026.8%7.7%16.9%19.5%24.3%2.6%-6.3%8.0K-148.9K-4830.00133.95N/AN/A70969
2023-03-27$32.28$30.0028.2%8.1%16.9%21.6%0.0%9.6%-4.9%8.7K-166.2K-4310.00142.40N/AN/A00989
2023-03-28$32.08$30.0019.1%5.5%17.0%8.2%0.0%8.3%0.3%9.1K-156.7K-4350.00140.86N/AN/A00989
2023-03-29$32.61$30.0019.5%5.6%17.9%8.8%0.0%3.8%-1.1%9.0K-178.3K-4080.00133.26N/AN/A00989
2023-03-30$32.78$30.0020.2%5.8%17.8%9.9%17.2%2.2%-2.2%8.9K-186.6K-4201.25133.86N/AN/A45989
2023-03-31$33.18$30.0023.5%6.7%17.6%14.7%21.6%-0.7%-6.2%8.2K-208.9K-3860.00132.85N/AN/A309814