SPYX Options History — September 2023

In September 2023, SPYX traded between $34.50 and $36.68. ATM implied volatility averaged 23.8%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 11.8% (HV 20d: 12.0%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-09-15: Highest Volume — 10 contracts
  • 2023-09-13: Largest IV drop — 58.7% change
  • 2023-09-12: Highest IV Rank — 45.2%
  • 2023-09-21: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.78$34.50$36.68$36.68$34.70
Max Pain$34.15$34.00$37.00$37.00$34.00
ATM IV23.8%16.7%42.8%21.6%21.7%
Expected Move5.5%4.8%6.5%6.2%6.2%
HV 20d12.0%10.6%12.7%12.0%11.1%
HV 60d11.1%10.8%11.3%11.0%11.2%
IV Rank18.7%8.9%45.2%15.3%16.3%
IV Percentile42.8%3.2%98.0%38.1%42.9%
Term Structure-2.3%-6.3%3.4%-6.3%-4.3%
VWIV16.7%14.2%19.2%19.2%14.2%
Skew 25d0.5%-7.8%9.0%-5.7%-7.8%
Skew 10d-2.2%-9.3%2.8%0.9%-9.3%
Call IV 25d16.9%9.9%21.1%20.3%19.1%
Put IV 25d17.3%11.3%20.5%14.6%11.3%
Bid-Ask Spread %133.99130.66137.50137.28131.53
Gamma HHI0.260.200.310.250.27
Net GEX2.4K1.8K3.5K2.6K2.3K
Net DEX-23.9K-31.7K-12.8K-30.4K-18.8K
Net VEX-102-126-74-119-74
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.801000
Total OI28.4526313028

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$36.68$37.0021.6%6.2%12.0%15.3%0.0%-5.7%-6.3%2.6K-30.4K-1190.00137.28N/AN/A00228
2023-09-05$36.64$34.0028.6%5.5%11.7%25.3%0.0%4.9%-4.2%2.6K-29.5K-1160.00135.48N/AN/A00228
2023-09-06$36.28$34.0026.9%5.8%12.2%22.7%0.0%2.3%-4.3%2.0K-25.2K-1250.00132.75N/AN/A01228
2023-09-07$36.21$34.0035.6%5.5%12.0%35.1%0.0%-2.6%-4.7%2.2K-22.9K-1260.00136.17N/AN/A00228
2023-09-08$36.18$34.0029.3%4.9%11.9%26.2%0.0%4.1%-1.5%2.2K-23.3K-1130.00137.50N/AN/A00228
2023-09-11$36.49$34.0039.0%5.4%12.3%39.8%0.0%4.8%-4.7%2.1K-28.0K-1060.00135.83N/AN/A00228
2023-09-12$36.26$34.0042.8%5.0%12.4%45.2%19.2%9.0%-2.9%2.3K-24.7K-1110.00135.55N/AN/A10228
2023-09-13$36.28$34.0017.7%5.1%11.8%9.7%0.0%4.7%-2.7%2.4K-26.7K-1180.00135.06N/AN/A00238
2023-09-14$36.63$34.0017.1%4.9%12.1%8.9%0.0%5.9%-0.0%2.7K-31.7K-1180.00133.68N/AN/A00238
2023-09-15$36.17$34.0017.9%5.1%12.3%10.1%0.0%2.9%-2.1%1.8K-23.8K-1110.00132.88N/AN/A010238
2023-09-18$36.04$34.0018.2%5.2%12.4%10.4%0.0%4.0%-0.4%3.5K-30.1K-1080.00131.45N/AN/A00233
2023-09-19$36.03$34.0019.4%5.5%12.2%12.9%0.0%4.1%0.8%3.4K-30.0K-1050.00135.09N/AN/A00233
2023-09-20$35.72$34.0018.2%5.2%12.5%11.2%0.0%-1.3%3.0%3.1K-26.5K-1020.00137.28N/AN/A00233
2023-09-21$35.17$34.0022.7%6.5%12.7%17.9%0.0%-5.0%-4.2%2.6K-20.0K-930.00132.74N/AN/A00233
2023-09-22$35.07$34.0019.7%5.6%12.0%13.3%0.0%-2.7%-2.5%2.5K-17.9K-850.00133.14N/AN/A00233
2023-09-25$35.07$34.0020.1%5.8%11.7%14.0%0.0%-1.8%-0.6%2.4K-17.5K-810.00130.66N/AN/A00233
2023-09-26$34.59$34.0020.6%5.9%12.2%14.7%0.0%-3.0%-4.7%1.8K-12.8K-770.00133.22N/AN/A00233
2023-09-27$34.50$34.0016.7%4.8%10.6%8.9%0.0%-0.3%3.4%2.0K-17.6K-740.00130.89N/AN/A00253
2023-09-28$34.80$34.0021.9%6.3%11.2%16.7%14.2%-7.0%-4.2%2.3K-20.8K-780.00131.62N/AN/A40253
2023-09-29$34.70$34.0021.7%6.2%11.1%16.3%0.0%-7.8%-4.3%2.3K-18.8K-740.00131.53N/AN/A00253