SPYX Options History — July 2025

In July 2025, SPYX traded between $50.84 and $52.41. ATM implied volatility averaged 19.2%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 9.9% (HV 20d: 9.3%). Max pain ranged from $47.00 to $52.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 5.49.

Notable Days

  • 2025-07-28: Highest Volume — 93 contracts
  • 2025-07-09: Largest IV drop — 32.4% change
  • 2025-07-08: Highest IV Rank — 22.2%
  • 2025-07-02: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.59$50.84$52.41$50.84$52.05
Max Pain$51.18$47.00$52.00$48.00$52.00
ATM IV19.2%16.9%25.2%20.6%16.9%
Expected Move5.3%4.9%6.6%5.9%4.9%
HV 20d9.3%6.9%11.4%10.5%7.1%
HV 60d16.4%11.1%30.4%30.4%11.1%
IV Rank13.0%9.7%22.2%15.3%9.7%
IV Percentile35.4%15.5%75.4%50.4%15.5%
Term Structure-1.9%-8.5%3.3%1.6%-5.8%
VWIV23.1%14.3%37.9%37.9%18.6%
Skew 25d6.1%0.8%14.6%5.0%0.8%
Skew 10d8.3%1.3%21.6%3.6%2.5%
Call IV 25d13.1%7.9%17.9%16.8%16.9%
Put IV 25d19.2%17.7%23.4%21.9%17.7%
Bid-Ask Spread %154.72133.78161.46136.63148.46
Gamma HHI0.250.180.400.200.36
Net GEX-15.9K-37.9K-5.6K-6.7K-37.9K
Net DEX83.2K-28.2K304.7K-3.1K304.7K
Net VEX-1.6K-2.9K-1.2K-1.2K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.490.0045.500.004.00
Total Volume1009300
Total OI174.591135272145272

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$50.84$48.0020.6%5.9%10.5%15.3%0.0%5.0%1.6%-6.7K-3.1K-1.2K0.00136.63N/AN/A0044101
2025-07-02$50.96$48.0023.2%6.6%10.4%19.1%37.9%5.5%-8.5%-8.3K-4.5K-1.2K0.00133.78N/AN/A2044101
2025-07-03$51.48$47.0023.2%5.4%10.8%19.2%0.0%14.6%-2.3%-7.4K-17.0K-1.2K0.00144.80N/AN/A9043101
2025-07-07$50.96$47.0024.1%5.8%11.4%20.4%24.2%4.0%0.7%-5.6K-2.1K-1.2K6.50143.54N/AN/A21345101
2025-07-08$51.02$52.0025.2%4.9%11.1%22.2%0.0%10.7%2.5%-7.7K12.7K-1.3K0.00154.56N/AN/A0047114
2025-07-09$51.26$52.0017.0%4.9%11.2%9.8%0.0%8.0%3.3%-8.2K5.0K-1.3K0.00160.17N/AN/A2047114
2025-07-10$51.49$52.0017.0%4.9%11.2%9.7%0.0%8.3%3.0%-8.6K-28.2K-1.3K0.00160.04N/AN/A0048114
2025-07-11$51.30$52.0017.3%5.0%11.3%10.2%0.0%7.2%2.3%-8.2K-7.5K-1.3K0.00161.46N/AN/A0548114
2025-07-14$51.32$52.0017.7%5.1%11.3%10.8%0.0%7.1%2.1%-8.5K-11.5K-1.3K0.50160.03N/AN/A2148119
2025-07-15$51.23$52.0018.4%5.3%10.1%11.9%0.0%7.1%1.2%-8.7K2.4K-1.3K0.00160.89N/AN/A0047120
2025-07-16$51.30$52.0017.8%5.1%9.7%11.0%0.0%7.9%2.7%-9.0K5.3K-1.3K8.33157.99N/AN/A32547120
2025-07-17$51.61$52.0017.3%5.0%9.1%10.2%18.2%8.5%-3.0%-13.3K24.7K-1.6K1.00160.72N/AN/A1149145
2025-07-18$51.56$52.0017.6%5.1%9.2%10.7%0.0%3.9%-3.2%-12.4K19.3K-1.6K0.00159.01N/AN/A12049146
2025-07-21$51.68$52.0018.2%5.2%8.7%11.6%0.0%3.6%-3.8%-19.4K151.9K-1.5K0.00160.05N/AN/A0014121
2025-07-22$51.74$52.0018.8%5.4%8.5%12.5%0.0%5.5%-3.8%-17.7K153.7K-1.6K0.00158.83N/AN/A1014121
2025-07-23$52.06$52.0018.4%5.3%7.3%11.9%0.0%5.5%-3.9%-19.3K129.5K-1.5K0.00159.01N/AN/A03515121
2025-07-24$52.18$52.0019.0%5.5%7.2%12.8%0.0%5.1%-4.3%-24.2K179.6K-1.9K0.00160.55N/AN/A1015156
2025-07-25$52.41$52.0018.6%5.3%7.0%12.2%0.0%5.4%-4.2%-24.4K163.3K-1.9K0.00158.96N/AN/A0016156
2025-07-28$52.30$52.0020.2%5.8%7.1%14.6%25.4%4.4%-5.5%-23.7K164.3K-1.8K45.50159.60N/AN/A29116156
2025-07-29$52.16$52.0017.3%4.9%6.9%10.1%14.3%4.0%-5.8%-32.7K289.7K-2.9K0.00154.68N/AN/A0218247
2025-07-30$51.97$52.0017.7%5.1%7.1%10.8%18.6%1.9%-6.9%-37.8K297.1K-2.9K4.00150.00N/AN/A2818249
2025-07-31$52.05$52.0016.9%4.9%7.1%9.7%0.0%0.8%-5.8%-37.9K304.7K-2.9K0.00148.46N/AN/A0017255