SPYX Options History — August 2025

In August 2025, SPYX traded between $51.15 and $53.41. ATM implied volatility averaged 18.3%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 7.9% (HV 20d: 10.5%). Max pain ranged from $52.00 to $53.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.64.

Notable Days

  • 2025-08-06: Highest Volume — 10 contracts
  • 2025-08-13: Largest IV drop — 50.3% change
  • 2025-08-12: Highest IV Rank — 31.2%
  • 2025-08-01: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.62$51.15$53.41$51.15$53.02
Max Pain$52.43$52.00$53.00$52.00$53.00
ATM IV18.3%11.9%31.2%23.7%19.2%
Expected Move4.7%3.4%6.8%6.8%5.5%
HV 20d10.5%8.9%11.8%8.9%10.0%
HV 60d10.4%9.4%12.0%11.7%9.9%
IV Rank11.7%2.1%31.2%19.9%13.0%
IV Percentile30.9%3.6%90.9%70.2%44.8%
Term Structure-0.2%-7.9%4.4%-7.9%-4.8%
VWIV14.2%10.4%18.7%18.7%13.4%
Skew 25d3.1%-1.8%7.2%5.8%-1.2%
Skew 10d6.2%1.0%13.7%2.9%1.9%
Call IV 25d12.4%10.6%18.7%18.7%14.1%
Put IV 25d15.5%10.4%24.4%24.4%12.9%
Bid-Ask Spread %160.13142.30167.22147.74156.48
Gamma HHI0.340.290.380.380.32
Net GEX-39.3K-44.2K-33.1K-38.0K-41.3K
Net DEX273.3K222.9K387.9K387.9K245.0K
Net VEX-2.7K-3.1K-2.5K-3.1K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.640.008.000.000.00
Total Volume2.57101020
Total OI290.19272305272305

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$51.15$52.0023.7%6.8%8.9%19.9%0.0%5.8%-7.9%-38.0K387.9K-3.1K0.00147.74N/AN/A2017255
2025-08-04$51.87$52.0017.8%4.3%9.5%10.9%0.0%7.2%2.0%-41.5K327.9K-2.9K0.00161.19N/AN/A0319255
2025-08-05$51.72$52.0018.5%4.5%9.6%12.0%0.0%4.9%0.3%-39.9K326.6K-2.9K0.00160.49N/AN/A0019255
2025-08-06$52.09$52.0018.0%4.5%9.8%11.3%0.0%5.9%0.4%-42.3K289.6K-2.8K0.00161.58N/AN/A01019255
2025-08-07$51.98$52.0019.2%4.5%9.7%13.0%0.0%4.3%0.5%-40.5K286.4K-2.9K8.00160.19N/AN/A1819265
2025-08-08$52.37$52.0020.0%4.5%9.9%14.2%0.0%5.6%0.8%-43.0K298.4K-2.9K0.00164.04N/AN/A1019270
2025-08-11$52.36$52.0025.4%4.3%9.9%22.4%0.0%-1.8%2.0%-38.3K293.0K-2.9K0.00164.47N/AN/A1020270
2025-08-12$52.89$52.0031.2%4.4%10.3%31.2%0.0%6.3%0.1%-39.4K247.7K-2.6K2.50162.75N/AN/A2521270
2025-08-13$53.09$52.0015.5%4.5%10.4%7.5%0.0%6.1%-0.0%-37.7K238.7K-2.7K0.00164.43N/AN/A0023275
2025-08-14$53.13$52.0015.7%4.5%10.2%7.8%0.0%6.5%0.3%-36.4K230.5K-2.6K0.00164.33N/AN/A0023275
2025-08-15$53.03$52.0013.7%3.9%10.3%4.8%0.0%4.9%3.9%-36.5K236.8K-2.6K0.00147.70N/AN/A0023275
2025-08-18$53.00$52.0011.9%3.4%10.3%2.1%18.7%5.1%4.4%-33.1K279.9K-2.8K1.00142.30N/AN/A1117269
2025-08-19$52.64$53.0015.8%4.5%10.7%8.0%10.4%-1.2%-0.9%-37.8K276.6K-2.7K0.00162.82N/AN/A0217271
2025-08-20$52.59$53.0015.7%4.5%10.5%7.8%0.0%1.8%0.8%-44.2K278.9K-2.6K0.00162.15N/AN/A2017271
2025-08-21$52.29$53.0017.2%4.9%10.7%10.0%0.0%-0.5%-0.4%-40.1K301.6K-2.8K0.00163.60N/AN/A0019271
2025-08-22$53.06$53.0016.0%4.6%11.8%8.2%0.0%-1.2%2.9%-36.0K239.3K-2.6K0.00160.82N/AN/A01019271
2025-08-25$52.96$53.0017.4%5.0%11.8%10.3%0.0%-1.3%-1.4%-38.4K250.4K-2.6K0.00167.22N/AN/A0019281
2025-08-26$53.00$53.0017.5%5.0%11.7%10.5%0.0%5.0%-1.6%-36.9K250.0K-2.6K0.00165.89N/AN/A0019281
2025-08-27$53.28$53.0017.7%5.1%11.7%10.8%13.4%2.9%-1.8%-39.4K230.6K-2.5K0.00161.02N/AN/A0519281
2025-08-28$53.41$53.0017.7%5.1%11.7%10.7%0.0%-0.5%-3.9%-43.9K222.9K-2.5K0.00161.46N/AN/A0019286
2025-08-29$53.02$53.0019.2%5.5%10.0%13.0%0.0%-1.2%-4.8%-41.3K245.0K-2.5K0.00156.48N/AN/A0019286