SPYX Options History — June 2025

In June 2025, SPYX traded between $48.68 and $50.82. ATM implied volatility averaged 17.2%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 5.1% (HV 20d: 12.1%). Max pain ranged from $45.00 to $48.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.92.

Notable Days

2025-06-11: Highest Volume — 37 contracts
2025-06-10: Largest IV spike — 100.6% change
2025-06-10: Highest IV Rank — 21.7%
2025-06-23: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.44	$48.68	$50.82	$48.68	$50.82
Max Pain	$47.75	$45.00	$48.00	$47.00	$48.00
ATM IV	17.2%	11.5%	24.9%	12.9%	20.3%
Expected Move	5.0%	3.3%	6.0%	3.7%	5.8%
HV 20d	12.1%	10.2%	15.0%	15.0%	10.5%
HV 60d	32.7%	32.1%	33.7%	33.6%	32.1%
IV Rank	10.0%	1.4%	21.7%	3.6%	14.8%
IV Percentile	27.1%	3.2%	73.4%	5.2%	48.8%
Term Structure	-0.3%	-6.4%	11.3%	-2.9%	-6.4%
VWIV	19.6%	13.2%	29.8%	14.4%	23.2%
Skew 25d	3.7%	-0.9%	12.0%	3.0%	1.5%
Skew 10d	5.1%	-2.2%	15.6%	-0.8%	15.6%
Call IV 25d	15.8%	12.3%	19.6%	17.7%	18.8%
Put IV 25d	19.5%	15.5%	27.4%	20.7%	20.3%
Bid-Ask Spread %	132.17	125.17	141.41	141.41	135.13
Gamma HHI	0.58	0.21	0.85	0.85	0.27
Net GEX	29.9K	-8.2K	79.0K	41.4K	-803
Net DEX	-139.1K	-306.3K	81.2K	-223.2K	-8.2K
Net VEX	-1.0K	-1.4K	-610	-725	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.92	0.00	11.33	0.00	2.50
Total Volume	5.8	0	37	5	7
Total OI	153.3	122	196	133	138

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
2025-06-02	$48.68	$47.00	12.9%	3.7%	15.0%	3.6%	14.4%	3.0%	-2.9%	41.4K	-223.2K	-725	0.00	141.41	N/A	N/A	5	0	103	30
2025-06-03	$49.02	$47.00	13.2%	3.8%	15.0%	4.0%	29.8%	4.0%	-2.2%	44.2K	-266.5K	-683	0.00	138.88	N/A	N/A	1	0	103	30
2025-06-04	$49.10	$45.00	11.5%	3.3%	14.6%	1.4%	13.2%	-0.3%	-3.8%	47.1K	-288.3K	-653	0.00	140.23	N/A	N/A	3	0	104	30
2025-06-05	$48.88	$48.00	14.3%	4.4%	14.9%	5.6%	0.0%	6.9%	5.2%	42.3K	-253.3K	-665	0.00	128.40	N/A	N/A	1	0	105	30
2025-06-06	$49.31	$48.00	12.5%	4.8%	14.9%	3.0%	24.9%	6.0%	1.7%	44.0K	-288.8K	-665	3.00	130.81	N/A	N/A	2	6	105	30
2025-06-09	$49.34	$48.00	12.4%	4.9%	14.7%	2.9%	0.0%	2.2%	1.0%	50.6K	-306.3K	-610	0.00	133.19	N/A	N/A	0	20	107	30
2025-06-10	$49.51	$48.00	24.9%	4.9%	11.0%	21.7%	0.0%	1.7%	-1.8%	35.0K	-262.6K	-885	0.00	132.72	N/A	N/A	1	0	107	50
2025-06-11	$49.38	$48.00	16.0%	4.6%	10.2%	8.3%	0.0%	3.1%	1.3%	67.4K	-291.8K	-831	11.33	131.36	N/A	N/A	3	34	107	50
2025-06-12	$49.56	$48.00	17.6%	5.0%	10.2%	10.7%	0.0%	2.0%	-2.3%	27.6K	-187.6K	-1.3K	0.00	132.14	N/A	N/A	0	0	107	84
2025-06-13	$48.97	$48.00	18.8%	5.4%	11.1%	12.5%	0.0%	3.6%	0.8%	37.9K	-108.8K	-1.4K	0.00	126.50	N/A	N/A	0	0	107	84
2025-06-16	$49.48	$48.00	17.8%	5.1%	11.5%	10.9%	0.0%	0.7%	-0.1%	29.9K	-169.5K	-1.3K	0.00	132.76	N/A	N/A	0	0	107	84
2025-06-17	$49.11	$48.00	16.5%	4.7%	11.8%	9.0%	14.2%	8.9%	5.6%	79.0K	-156.6K	-1.3K	0.00	129.15	N/A	N/A	6	0	107	84
2025-06-18	$49.13	$48.00	20.2%	5.8%	11.7%	14.5%	18.1%	12.0%	11.3%	35.1K	-122.4K	-1.3K	2.00	125.17	N/A	N/A	2	4	108	84
2025-06-20	$48.85	$48.00	15.6%	4.5%	10.8%	7.7%	0.0%	8.6%	7.9%	49.0K	-110.4K	-1.2K	0.00	129.39	N/A	N/A	4	0	108	88
2025-06-23	$49.22	$48.00	20.9%	6.0%	11.1%	15.7%	0.0%	3.3%	-2.5%	-7.4K	81.2K	-1.2K	0.00	127.97	N/A	N/A	1	0	36	86
2025-06-24	$49.95	$48.00	18.9%	5.4%	11.6%	12.6%	14.0%	-0.9%	-6.2%	-5.6K	47.4K	-1.1K	10.00	131.55	N/A	N/A	1	10	37	86
2025-06-25	$49.88	$48.00	19.9%	5.7%	10.2%	14.2%	17.3%	2.4%	-4.4%	-8.2K	70.9K	-1.3K	0.00	133.34	N/A	N/A	4	0	38	96
2025-06-26	$50.28	$48.00	18.9%	5.4%	10.3%	12.7%	26.9%	2.9%	-3.8%	-5.3K	30.3K	-1.2K	0.00	132.27	N/A	N/A	1	0	42	96
2025-06-27	$50.42	$48.00	20.4%	5.8%	10.3%	14.9%	0.0%	1.8%	-3.9%	-5.9K	32.1K	-1.3K	0.00	131.12	N/A	N/A	0	0	42	96
2025-06-30	$50.82	$48.00	20.3%	5.8%	10.5%	14.8%	23.2%	1.5%	-6.4%	-803	-8.2K	-1.2K	2.50	135.13	N/A	N/A	2	5	42	96