SPYX Options History — February 2024

In February 2024, SPYX traded between $40.03 and $41.63. ATM implied volatility averaged 20.6%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 7.8% (HV 20d: 12.8%). Max pain ranged from $38.00 to $39.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.96.

Notable Days

  • 2024-02-27: Highest Volume — 43 contracts
  • 2024-02-06: Largest IV drop — 53.6% change
  • 2024-02-05: Highest IV Rank — 25.4%
  • 2024-02-29: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.92$40.03$41.63$40.03$41.63
Max Pain$38.10$38.00$39.00$38.00$39.00
ATM IV20.6%12.6%27.2%21.4%25.8%
Expected Move5.7%4.1%7.4%4.7%7.4%
HV 20d12.8%10.8%15.2%10.8%13.9%
HV 60d10.4%9.1%11.2%10.1%11.1%
IV Rank15.6%3.8%25.4%16.9%23.4%
IV Percentile46.5%2.4%85.3%54.0%81.0%
Term Structure-3.5%-9.8%1.9%1.1%-8.0%
VWIV17.5%9.9%23.2%10.1%21.7%
Skew 25d3.5%-2.2%6.6%4.9%2.9%
Skew 10d-0.2%-3.7%5.2%2.5%-3.7%
Call IV 25d16.3%12.9%21.6%12.9%18.9%
Put IV 25d19.9%16.5%26.7%17.8%21.8%
Bid-Ask Spread %137.83132.47142.38135.38141.23
Gamma HHI0.510.340.740.450.41
Net GEX4.6K-1.2K6.9K5.8K-1.0K
Net DEX-123.5K-140.1K-103.4K-112.3K-120.1K
Net VEX-241-303-141-303-218
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.0013.330.0013.33
Total Volume4.204310
Total OI50.837824782

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$40.03$38.0021.4%4.7%10.8%16.9%0.0%4.9%1.1%5.8K-112.3K-3030.00135.38N/AN/A01434
2024-02-02$40.55$38.0026.6%5.1%11.4%24.5%0.0%4.2%-1.8%5.7K-126.1K-2760.00140.74N/AN/A40435
2024-02-05$40.39$38.0027.2%4.7%11.6%25.4%0.0%5.1%-2.2%5.2K-116.8K-3030.00138.06N/AN/A50435
2024-02-06$40.36$38.0012.6%5.6%10.8%3.8%0.0%4.3%-3.9%6.7K-124.2K-2770.00142.38N/AN/A00485
2024-02-07$40.80$38.0014.6%4.2%11.1%6.8%0.0%3.4%0.8%6.9K-133.5K-2810.00134.05N/AN/A10485
2024-02-08$40.80$38.0014.3%4.1%11.1%6.4%0.0%4.4%1.1%6.9K-137.4K-2810.00138.60N/AN/A10495
2024-02-09$41.03$38.0014.7%4.2%11.1%7.0%0.0%3.6%1.9%6.5K-140.1K-2630.00138.24N/AN/A30485
2024-02-12$41.05$38.0015.4%4.4%11.1%8.0%0.0%1.5%-0.8%6.9K-138.7K-2400.50132.47N/AN/A21485
2024-02-13$40.36$38.0019.9%5.7%12.9%14.7%0.0%6.6%-3.8%4.9K-115.1K-2790.00136.48N/AN/A30476
2024-02-14$40.80$38.0019.2%5.5%13.0%13.6%0.0%4.7%-3.6%4.3K-125.5K-2550.00133.67N/AN/A10476
2024-02-15$41.02$38.0019.8%5.7%12.8%14.4%0.0%3.5%-4.5%4.4K-130.9K-2360.00140.50N/AN/A00476
2024-02-16$40.89$38.0019.9%5.7%12.3%14.6%0.0%4.5%-3.3%3.9K-126.7K-2400.50138.27N/AN/A21476
2024-02-20$40.60$38.0022.5%6.4%12.7%18.4%10.1%4.8%-6.0%4.5K-103.4K-2280.00137.45N/AN/A10343
2024-02-21$40.57$38.0023.2%6.7%12.7%19.5%9.9%5.3%-5.1%4.6K-104.3K-2460.00134.00N/AN/A10353
2024-02-22$41.56$38.0021.9%6.3%15.1%17.6%22.8%-2.2%-8.2%4.4K-121.3K-1970.00139.04N/AN/A20363
2024-02-23$41.61$38.0019.3%5.5%15.1%13.7%0.0%2.4%-0.6%3.9K-128.8K-1410.00137.35N/AN/A10363
2024-02-26$41.47$38.0022.7%6.5%15.2%18.8%23.2%2.5%-5.2%4.2K-125.9K-1560.00138.84N/AN/A110363
2024-02-27$41.48$38.0024.8%7.1%15.1%21.9%21.7%2.0%-7.2%4.1K-125.8K-15513.33141.73N/AN/A340363
2024-02-28$41.39$39.0025.7%7.4%15.2%23.2%0.0%1.9%-9.8%-1.2K-113.7K-2510.00138.15N/AN/A003943
2024-02-29$41.63$39.0025.8%7.4%13.9%23.4%0.0%2.9%-8.0%-1.0K-120.1K-2180.00141.23N/AN/A003943