SPYX Options History — February 2025

In February 2025, SPYX traded between $48.11 and $50.30. ATM implied volatility averaged 21.5%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 9.7% (HV 20d: 11.8%). Max pain ranged from $48.00 to $49.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-02-18: Highest Volume — 8 contracts
  • 2025-02-28: Largest IV spike — 148.9% change
  • 2025-02-28: Highest IV Rank — 88.7%
  • 2025-02-28: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.45$48.11$50.30$49.20$48.42
Max Pain$48.26$48.00$49.00$48.00$48.00
ATM IV21.5%15.8%52.1%20.0%52.1%
Expected Move5.7%4.5%14.9%5.7%14.9%
HV 20d11.8%9.4%14.9%14.9%11.1%
HV 60d13.0%12.6%14.1%14.1%13.3%
IV Rank24.7%12.8%88.7%21.7%88.7%
IV Percentile47.1%11.5%99.6%51.2%99.6%
Term Structure-3.7%-16.6%-1.5%-2.9%-16.6%
VWIV16.9%8.7%20.1%20.0%8.7%
Skew 25d4.9%2.1%7.3%2.1%2.3%
Skew 10d6.2%-4.2%13.0%-0.8%13.0%
Call IV 25d16.5%10.6%70.5%15.6%70.5%
Put IV 25d21.4%17.0%72.8%17.7%72.8%
Bid-Ask Spread %156.24146.31180.14146.31180.14
Gamma HHI0.200.160.280.200.28
Net GEX41-3.1K2.4K-3.1K1.7K
Net DEX-40.9K-71.9K-14.8K-18.6K-22.7K
Net VEX-246-289-210-283-244
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.3160830
Total OI52.36834685135

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$49.20$48.0020.0%5.7%14.9%21.7%20.0%2.1%-2.9%-3.1K-18.6K-2830.00146.31N/AN/A302328
2025-02-04$49.42$48.0022.3%6.4%14.3%26.4%0.0%4.0%-5.4%-1.4K-34.3K-2890.00151.84N/AN/A102628
2025-02-05$49.55$48.0019.7%5.7%14.3%21.1%20.1%5.6%-3.8%-1.0K-40.5K-2890.00151.86N/AN/A102728
2025-02-06$49.72$49.0021.3%4.6%13.5%24.4%0.0%5.5%-1.6%-106-50.2K-2750.00157.92N/AN/A002828
2025-02-07$49.37$49.0024.6%4.9%13.8%31.2%0.0%5.3%-1.6%-860-39.0K-2850.00159.51N/AN/A002828
2025-02-10$49.70$49.0024.5%4.7%12.6%31.1%0.0%4.8%-1.6%-149-51.0K-2560.00159.54N/AN/A102828
2025-02-11$49.69$49.0024.2%4.6%12.6%30.4%0.0%5.1%-1.6%-546-47.2K-2470.00159.15N/AN/A002728
2025-02-12$49.53$49.0015.8%4.5%12.7%12.8%18.9%3.4%-3.7%-991-42.9K-2460.00153.85N/AN/A052728
2025-02-13$50.07$48.0015.9%4.6%10.7%13.1%0.0%6.3%-1.5%-793-54.2K-2440.00155.49N/AN/A102733
2025-02-14$50.11$48.0016.9%4.9%10.6%15.2%0.0%6.2%-2.0%-166-57.1K-2500.00158.82N/AN/A002833
2025-02-18$50.09$48.0017.6%5.0%10.3%16.6%8.7%6.4%-2.8%-417-54.9K-2330.00158.78N/AN/A802833
2025-02-19$50.30$48.0017.3%5.0%10.1%16.1%0.0%7.3%-2.4%2.4K-71.9K-2280.00156.84N/AN/A203533
2025-02-20$50.08$48.0017.3%5.0%9.9%16.0%0.0%5.0%-2.9%1.9K-63.8K-2360.00156.18N/AN/A003533
2025-02-21$49.27$48.0018.1%5.2%11.5%17.6%0.0%2.7%-3.5%-2.3K-35.7K-2200.00154.03N/AN/A203533
2025-02-24$49.16$48.0019.5%5.6%11.5%20.5%0.0%5.3%-3.3%2.0K-29.7K-2170.00154.86N/AN/A002410
2025-02-25$48.80$48.0020.0%5.7%10.4%21.6%0.0%5.2%-3.8%1.7K-23.2K-2160.00153.36N/AN/A002410
2025-02-26$48.89$48.0020.1%5.8%9.4%21.9%0.0%4.0%-4.1%1.7K-25.4K-2110.00153.62N/AN/A002410
2025-02-27$48.11$48.0020.9%6.0%10.8%23.6%0.0%7.1%-4.3%1.2K-14.8K-2100.00146.54N/AN/A012410
2025-02-28$48.42$48.0052.1%14.9%11.1%88.7%0.0%2.3%-16.6%1.7K-22.7K-2440.00180.14N/AN/A002411