SPYX Options History — May 2023

In May 2023, SPYX traded between $32.94 and $34.25. ATM implied volatility averaged 21.6%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 8.0% (HV 20d: 13.5%). Max pain ranged from $32.00 to $34.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.66.

Notable Days

  • 2023-05-01: Highest Volume — 9 contracts
  • 2023-05-18: Largest IV spike — 31.3% change
  • 2023-05-03: Highest IV Rank — 19.5%
  • 2023-05-03: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.70$32.94$34.25$33.77$34.16
Max Pain$32.77$32.00$34.00$33.00$34.00
ATM IV21.6%15.1%29.3%23.3%22.9%
Expected Move5.8%4.3%8.4%6.7%6.6%
HV 20d13.5%12.0%14.5%12.0%12.4%
HV 60d14.5%13.9%15.0%14.7%14.2%
IV Rank8.6%0.0%19.5%10.2%11.8%
IV Percentile28.7%0.0%82.9%37.7%41.3%
Term Structure-2.9%-8.7%5.2%-6.7%-5.4%
VWIV14.1%10.8%18.3%13.1%18.3%
Skew 25d7.5%-0.9%48.1%6.4%5.4%
Skew 10d5.4%-11.6%36.8%-11.6%2.7%
Call IV 25d14.8%9.6%22.2%14.1%21.9%
Put IV 25d22.3%11.5%58.6%20.5%27.3%
Bid-Ask Spread %116.45106.29130.00106.59115.16
Gamma HHI0.260.200.380.380.20
Net GEX1.5K2432.7K1.2K2.2K
Net DEX-29.0K-51.7K-17.7K-28.8K-51.7K
Net VEX-205-239-184-188-187
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.003.000.000.75
Total Volume1.9550990
Total OI47.86436543650

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$33.77$33.0023.3%6.7%12.0%10.2%13.1%6.4%-6.7%1.2K-28.8K-1880.00106.59N/AN/A902313
2023-05-02$33.39$33.0024.7%7.1%12.6%12.4%14.2%2.0%-8.7%2.6K-27.6K-2140.00115.68N/AN/A013213
2023-05-03$33.19$33.0029.3%8.4%12.5%19.5%10.8%11.0%-8.2%2.3K-25.6K-2250.00118.15N/AN/A603214
2023-05-04$32.94$32.0024.8%5.1%12.8%12.6%0.0%0.5%0.6%1.4K-17.9K-2020.00122.72N/AN/A012814
2023-05-05$33.57$32.0026.8%5.2%14.4%15.7%0.0%4.9%-0.9%1.9K-26.7K-2090.00130.00N/AN/A002815
2023-05-08$33.59$32.0029.2%5.4%14.4%19.3%0.0%4.3%-1.1%2.0K-26.2K-1990.00124.13N/AN/A012815
2023-05-09$33.45$32.0022.8%5.3%14.5%9.5%0.0%4.1%-1.6%1.2K-22.5K-1950.00121.96N/AN/A012816
2023-05-10$33.64$32.0018.6%5.3%14.5%3.0%0.0%3.5%-1.3%1.4K-26.1K-2053.00122.79N/AN/A132817
2023-05-11$33.53$32.0018.5%5.3%13.7%2.9%0.0%4.7%-1.8%243-19.7K-2100.00118.86N/AN/A002920
2023-05-12$33.46$32.0018.6%5.3%13.7%3.0%0.0%4.8%0.1%321-18.3K-2080.00126.38N/AN/A002920
2023-05-15$33.58$32.0019.7%5.6%13.7%4.6%0.0%-0.1%-2.5%733-20.6K-1990.20119.67N/AN/A512920
2023-05-16$33.49$32.0019.4%5.6%13.7%4.3%0.0%4.4%-2.9%739-17.7K-1970.00121.24N/AN/A003221
2023-05-17$33.79$32.0015.1%4.3%14.1%0.0%0.0%4.9%-3.0%1.3K-25.2K-1950.00106.29N/AN/A103221
2023-05-18$34.13$32.0019.8%5.7%14.2%7.1%0.0%-0.9%-0.8%2.5K-34.2K-1920.00107.70N/AN/A013321
2023-05-19$34.09$32.0019.4%5.6%14.2%6.5%18.3%6.8%-2.9%2.7K-36.1K-1870.75106.59N/AN/A433320
2023-05-22$34.11$34.0018.1%5.2%14.2%4.5%0.0%10.2%-2.1%1.9K-39.8K-1840.00110.15N/AN/A002714
2023-05-23$33.77$34.0021.6%6.2%13.7%9.9%0.0%10.1%-6.4%1.8K-36.9K-2100.00115.08N/AN/A002914
2023-05-24$33.45$34.0022.2%6.4%14.0%10.7%0.0%11.1%5.2%640-22.5K-2390.00113.31N/AN/A002924
2023-05-25$33.83$34.0020.2%5.8%12.7%7.6%0.0%14.1%-4.1%1.0K-33.6K-2270.00112.34N/AN/A003024
2023-05-26$34.24$34.0017.9%5.1%13.1%4.2%0.0%48.1%-1.3%1.3K-39.6K-2250.00117.11N/AN/A003024
2023-05-30$34.25$34.0021.8%6.3%13.1%10.2%0.0%3.6%-7.5%1.1K-41.9K-2110.00110.07N/AN/A053024
2023-05-31$34.16$34.0022.9%6.6%12.4%11.8%0.0%5.4%-5.4%2.2K-51.7K-1870.00115.16N/AN/A003119