SPYX Options History — March 2024

In March 2024, SPYX traded between $41.41 and $42.84. ATM implied volatility averaged 23.8%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 11.0% (HV 20d: 12.7%). Max pain ranged from $37.00 to $39.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.45.

Notable Days

2024-03-01: Highest Volume — 12 contracts
2024-03-27: Largest IV spike — 110.7% change
2024-03-12: Highest IV Rank — 61.3%
2024-03-01: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.21	$41.41	$42.84	$41.98	$42.84
Max Pain	$37.10	$37.00	$39.00	$39.00	$37.00
ATM IV	23.8%	9.7%	51.4%	21.0%	20.5%
Expected Move	5.1%	2.8%	6.0%	6.0%	5.9%
HV 20d	12.7%	10.4%	14.9%	13.7%	10.4%
HV 60d	11.7%	11.1%	11.9%	11.1%	11.6%
IV Rank	23.8%	0.0%	61.3%	16.2%	25.9%
IV Percentile	52.6%	0.0%	99.2%	52.8%	51.2%
Term Structure	-2.0%	-4.8%	9.0%	-0.5%	-4.2%
VWIV	17.9%	8.6%	37.4%	37.4%	8.6%
Skew 25d	1.2%	-5.5%	5.0%	2.8%	-4.5%
Skew 10d	0.5%	-3.6%	5.3%	1.1%	2.0%
Call IV 25d	15.6%	12.4%	18.8%	18.8%	15.2%
Put IV 25d	16.7%	10.7%	22.0%	21.7%	10.7%
Bid-Ask Spread %	132.22	127.87	139.28	139.28	127.87
Gamma HHI	0.29	0.26	0.37	0.29	0.26
Net GEX	424	-3.4K	7.3K	292	5.8K
Net DEX	-121.2K	-166.0K	-81.6K	-131.8K	-159.3K
Net VEX	-269	-361	-187	-187	-311
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.00	5.00	5.00	0.00
Total Volume	2.4	0	12	12	5
Total OI	75.4	47	95	82	62

Daily Data (20 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
2024-03-01	$41.98	$39.00	21.0%	6.0%	13.7%	16.2%	37.4%	2.8%	-0.5%	292	-131.8K	-187	5.00	139.28	N/A	N/A	2	10	39	43
2024-03-04	$41.98	$37.00	23.7%	4.9%	13.1%	20.2%	0.0%	4.2%	-3.1%	-2.0K	-107.8K	-286	0.00	135.97	N/A	N/A	0	0	39	53
2024-03-05	$41.41	$37.00	31.1%	5.2%	14.1%	31.2%	0.0%	3.1%	-3.9%	-3.4K	-81.6K	-361	0.00	134.47	N/A	N/A	2	0	39	53
2024-03-06	$41.73	$37.00	32.4%	5.1%	14.3%	33.2%	0.0%	5.0%	-3.8%	-2.5K	-95.6K	-341	0.00	134.52	N/A	N/A	1	0	41	53
2024-03-07	$42.18	$37.00	32.7%	5.2%	14.3%	33.6%	0.0%	4.6%	-3.8%	-1.5K	-122.2K	-282	0.00	133.93	N/A	N/A	1	0	42	53
2024-03-08	$41.92	$37.00	33.5%	5.3%	14.5%	34.8%	0.0%	4.8%	-4.8%	-2.0K	-110.6K	-295	0.00	135.47	N/A	N/A	0	0	41	53
2024-03-11	$41.84	$37.00	44.1%	5.4%	14.5%	50.6%	0.0%	4.4%	-4.4%	-2.1K	-108.2K	-285	0.00	134.00	N/A	N/A	0	0	41	53
2024-03-12	$42.30	$37.00	51.4%	5.3%	14.9%	61.3%	0.0%	4.5%	-4.0%	-2.0K	-118.5K	-254	0.00	135.60	N/A	N/A	0	0	41	53
2024-03-13	$42.20	$37.00	18.5%	5.3%	13.3%	12.5%	0.0%	3.2%	-4.4%	-2.1K	-116.6K	-249	0.00	134.29	N/A	N/A	0	0	41	53
2024-03-14	$41.97	$37.00	18.8%	5.4%	13.2%	13.4%	0.0%	4.5%	-2.1%	-1.4K	-114.4K	-252	0.00	133.88	N/A	N/A	0	0	41	53
2024-03-15	$41.80	$37.00	19.1%	5.5%	13.2%	21.9%	0.0%	4.0%	-2.8%	-2.7K	-101.6K	-253	0.00	134.17	N/A	N/A	2	0	41	53
2024-03-18	$42.03	$37.00	10.2%	2.9%	13.2%	0.3%	10.3%	0.1%	5.6%	1.0K	-114.4K	-213	0.00	130.26	N/A	N/A	2	0	37	10
2024-03-19	$42.14	$37.00	9.8%	2.8%	12.9%	0.0%	0.0%	-0.8%	4.0%	1.5K	-118.7K	-210	0.00	128.83	N/A	N/A	0	0	38	10
2024-03-20	$42.53	$37.00	19.9%	5.7%	13.1%	24.2%	15.2%	-1.5%	-3.3%	1.7K	-118.2K	-223	0.00	128.51	N/A	N/A	4	0	38	10
2024-03-21	$42.77	$37.00	18.9%	5.4%	10.4%	21.8%	0.0%	-5.5%	-2.9%	2.1K	-126.3K	-219	0.00	128.44	N/A	N/A	6	0	40	10
2024-03-22	$42.70	$37.00	19.2%	5.5%	10.4%	22.6%	0.0%	-4.7%	-3.1%	3.5K	-138.5K	-289	0.00	128.25	N/A	N/A	0	0	46	10
2024-03-25	$42.58	$37.00	20.9%	6.0%	10.4%	26.7%	0.0%	-2.4%	-4.0%	3.6K	-136.1K	-282	0.00	128.37	N/A	N/A	0	0	46	10
2024-03-26	$42.48	$37.00	9.7%	2.8%	10.5%	0.0%	8.6%	0.8%	9.0%	3.5K	-137.4K	-273	0.00	130.36	N/A	N/A	11	0	46	10
2024-03-27	$42.72	$37.00	20.3%	5.8%	10.5%	25.6%	0.0%	-3.6%	-3.9%	7.3K	-166.0K	-321	0.00	127.98	N/A	N/A	2	0	56	10
2024-03-28	$42.84	$37.00	20.5%	5.9%	10.4%	25.9%	0.0%	-4.5%	-4.2%	5.8K	-159.3K	-311	0.00	127.87	N/A	N/A	5	0	52	10