SPYX Options History — January 2024

In January 2024, SPYX traded between $38.24 and $40.20. ATM implied volatility averaged 18.2%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 8.7% (HV 20d: 9.5%). Max pain ranged from $26.00 to $38.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.28.

Notable Days

2024-01-19: Highest Volume — 63 contracts
2024-01-26: Largest IV drop — 40.1% change
2024-01-04: Highest IV Rank — 21.9%
2024-01-03: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.18	$38.24	$40.20	$38.53	$39.59
Max Pain	$36.00	$26.00	$38.00	$26.00	$38.00
ATM IV	18.2%	10.1%	25.4%	18.4%	10.5%
Expected Move	5.0%	2.9%	7.1%	5.3%	3.0%
HV 20d	9.5%	8.8%	10.6%	8.8%	10.6%
HV 60d	11.5%	9.9%	12.6%	12.5%	10.1%
IV Rank	11.3%	0.0%	21.9%	11.3%	0.6%
IV Percentile	29.2%	0.0%	77.4%	20.6%	0.8%
Term Structure	-1.9%	-8.3%	5.9%	1.2%	5.7%
VWIV	19.0%	10.9%	27.0%	16.8%	11.8%
Skew 25d	4.3%	-2.5%	12.3%	-2.5%	6.4%
Skew 10d	1.4%	-10.4%	3.8%	-10.4%	2.8%
Call IV 25d	15.1%	10.7%	19.0%	17.9%	14.8%
Put IV 25d	19.4%	15.4%	26.0%	15.4%	21.2%
Bid-Ask Spread %	134.58	115.92	140.76	115.92	134.78
Gamma HHI	0.73	0.46	0.96	0.86	0.52
Net GEX	17.3K	4.0K	47.8K	8.4K	4.8K
Net DEX	-244.0K	-380.7K	-78.1K	-296.4K	-97.5K
Net VEX	-313	-438	-217	-308	-308
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.00	3.00	0.00	0.00
Total Volume	4.667	0	63	3	3
Total OI	91.095	30	131	105	44

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-01-02	$38.53	$26.00	18.4%	5.3%	8.8%	11.3%	16.8%	-2.5%	1.2%	8.4K	-296.4K	-308	0.00	115.92	N/A	N/A	3	0	103	2
2024-01-03	$38.34	$26.00	24.9%	7.1%	8.8%	21.2%	0.0%	9.0%	-8.3%	23.0K	-315.9K	-370	0.00	129.78	N/A	N/A	0	0	126	2
2024-01-04	$38.30	$0.00	25.4%	5.2%	8.8%	21.9%	0.0%	4.3%	-1.0%	21.1K	-312.7K	-438	0.00	136.40	N/A	N/A	0	0	126	2
2024-01-05	$38.24	$0.00	21.3%	4.9%	8.8%	15.7%	0.0%	6.0%	-1.7%	21.6K	-309.6K	-423	0.00	135.28	N/A	N/A	1	0	126	2
2024-01-08	$38.79	$0.00	18.9%	5.7%	9.7%	12.2%	0.0%	4.3%	-4.2%	30.3K	-334.3K	-342	0.00	133.34	N/A	N/A	0	0	126	2
2024-01-09	$38.75	$0.00	20.2%	5.1%	9.7%	14.1%	0.0%	2.6%	-3.4%	24.8K	-332.2K	-339	0.00	139.89	N/A	N/A	0	0	126	2
2024-01-10	$38.98	$0.00	16.6%	4.8%	9.8%	8.7%	0.0%	3.6%	-1.2%	25.0K	-357.9K	-352	0.00	133.62	N/A	N/A	10	0	129	2
2024-01-11	$38.96	$0.00	18.6%	5.3%	9.7%	11.8%	0.0%	3.5%	-4.1%	26.6K	-342.5K	-322	0.00	137.22	N/A	N/A	0	0	119	2
2024-01-12	$39.01	$0.00	16.8%	4.8%	8.8%	9.0%	0.0%	3.1%	-4.2%	28.4K	-343.7K	-313	0.00	133.16	N/A	N/A	1	0	119	2
2024-01-16	$38.85	$0.00	20.1%	5.8%	8.9%	14.0%	0.0%	3.5%	-5.2%	30.6K	-334.2K	-298	0.00	140.06	N/A	N/A	1	0	120	2
2024-01-17	$38.64	$0.00	18.5%	5.3%	9.1%	11.6%	21.0%	5.2%	-1.3%	19.1K	-326.8K	-303	0.00	135.82	N/A	N/A	2	0	120	2
2024-01-18	$39.03	$38.00	19.0%	5.5%	9.7%	12.4%	0.0%	4.4%	-2.9%	47.8K	-360.4K	-287	0.00	135.54	N/A	N/A	0	0	121	2
2024-01-19	$39.52	$38.00	20.4%	5.8%	10.6%	14.4%	0.0%	5.2%	-7.7%	18.7K	-380.7K	-257	0.00	135.45	N/A	N/A	63	0	121	2
2024-01-22	$39.64	$38.00	21.3%	6.1%	9.8%	15.8%	0.0%	3.0%	-4.6%	4.0K	-78.1K	-256	0.00	140.76	N/A	N/A	0	0	30	0
2024-01-23	$39.72	$38.00	19.6%	5.6%	9.6%	13.2%	0.0%	4.4%	-2.9%	5.6K	-87.6K	-217	0.00	134.98	N/A	N/A	4	0	30	0
2024-01-24	$39.84	$38.00	21.2%	6.1%	9.7%	15.6%	26.7%	8.5%	-5.0%	4.8K	-92.6K	-284	0.33	139.53	N/A	N/A	3	1	34	0
2024-01-25	$39.88	$38.00	17.2%	4.9%	9.6%	9.6%	0.0%	12.3%	-3.1%	5.0K	-101.3K	-293	3.00	137.66	N/A	N/A	1	3	37	1
2024-01-26	$39.89	$38.00	10.3%	3.0%	9.5%	0.0%	10.9%	2.3%	4.5%	4.1K	-101.7K	-297	0.00	132.33	N/A	N/A	0	1	38	4
2024-01-29	$40.17	$38.00	13.3%	3.8%	9.7%	4.5%	27.0%	-1.0%	3.6%	4.7K	-107.1K	-288	0.00	136.56	N/A	N/A	1	0	39	4
2024-01-30	$40.20	$38.00	10.1%	2.9%	9.6%	0.0%	0.0%	1.4%	5.9%	4.7K	-111.5K	-284	0.00	128.11	N/A	N/A	0	0	40	4
2024-01-31	$39.59	$38.00	10.5%	3.0%	10.6%	0.6%	11.8%	6.4%	5.7%	4.8K	-97.5K	-308	0.00	134.78	N/A	N/A	3	0	40	4