SPYX Options History — November 2025

In November 2025, SPYX traded between $53.82 and $56.33. ATM implied volatility averaged 20.6%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 6.9% (HV 20d: 13.7%). Max pain ranged from $54.00 to $58.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 11.61.

Notable Days

  • 2025-11-13: Highest Volume — 77 contracts
  • 2025-11-14: Largest IV spike — 111.0% change
  • 2025-11-14: Highest IV Rank — 36.3%
  • 2025-11-14: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.44$53.82$56.33$56.29$56.20
Max Pain$56.32$54.00$58.00$56.00$57.00
ATM IV20.6%16.7%35.2%19.8%19.2%
Expected Move5.6%4.6%10.1%5.7%5.5%
HV 20d13.7%11.7%15.5%13.2%15.3%
HV 60d11.2%10.0%12.2%10.0%12.1%
IV Rank14.0%8.0%36.3%12.7%11.8%
IV Percentile51.3%15.9%94.0%52.4%48.4%
Term Structure-1.6%-7.2%2.1%-3.5%-5.0%
VWIV16.5%7.3%29.5%17.3%19.4%
Skew 25d5.4%2.3%8.9%5.3%6.8%
Skew 10d6.5%1.9%18.4%1.9%8.3%
Call IV 25d14.8%11.2%34.9%14.7%12.8%
Put IV 25d20.2%16.5%40.8%20.0%19.6%
Bid-Ask Spread %150.15139.57176.11159.80153.97
Gamma HHI0.190.160.240.190.17
Net GEX-75.4K-132.8K-46.9K-46.9K-59.4K
Net DEX458.2K228.2K766.2K304.6K294.4K
Net VEX-3.3K-4.4K-2.3K-2.7K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio11.610.0075.000.000.00
Total Volume16.94707711
Total OI685.421507788507788

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$56.29$56.0019.8%5.7%13.2%12.7%0.0%5.3%-3.5%-46.9K304.6K-2.7K0.00159.80N/AN/A1022485
2025-11-04$55.75$56.0020.2%5.8%13.6%13.4%0.0%5.7%-5.2%-47.3K347.5K-2.9K0.00159.55N/AN/A1023485
2025-11-05$55.99$56.0020.0%5.7%13.6%13.1%0.0%8.4%-4.3%-49.8K413.7K-3.3K0.00159.35N/AN/A0024485
2025-11-06$55.30$58.0021.2%4.7%14.3%14.9%0.0%3.1%0.5%-52.5K388.0K-3.1K75.00147.88N/AN/A17524485
2025-11-07$55.18$58.0022.8%4.9%11.7%17.4%17.3%3.7%-1.0%-87.2K426.7K-3.1K0.00145.66N/AN/A0624560
2025-11-10$56.14$54.0019.4%4.6%12.6%12.2%16.4%2.5%1.3%-64.0K373.4K-3.1K4.67147.82N/AN/A125625566
2025-11-11$56.27$54.0023.2%4.6%12.4%17.9%15.2%5.5%2.1%-54.4K281.3K-2.8K2.50149.80N/AN/A102535621
2025-11-12$56.33$54.0016.7%4.8%12.3%8.0%0.0%5.5%1.3%-55.8K228.2K-2.5K10.00151.41N/AN/A11038646
2025-11-13$55.39$54.0016.7%4.8%13.6%8.0%15.9%3.1%-1.1%-59.6K394.3K-3.4K0.00140.46N/AN/A07737656
2025-11-14$55.37$57.0035.2%10.1%13.4%36.3%0.0%5.9%-7.2%-95.9K587.6K-4.0K0.00176.11N/AN/A01137733
2025-11-17$54.72$57.0018.0%5.2%13.5%10.0%0.0%3.3%-1.2%-87.3K611.5K-4.1K0.00143.93N/AN/A0037742
2025-11-18$54.50$57.0019.3%5.5%13.5%12.0%11.4%5.9%1.1%-98.2K740.7K-4.4K0.00143.25N/AN/A01037742
2025-11-19$54.66$57.0017.3%5.0%13.4%8.9%0.0%5.7%1.2%-94.6K647.6K-3.9K0.00146.23N/AN/A0137742
2025-11-20$53.82$57.0027.7%7.9%14.1%24.8%29.5%2.3%-6.4%-91.8K700.1K-4.3K0.00139.57N/AN/A0137741
2025-11-21$54.40$57.0020.6%5.9%14.3%14.0%0.0%4.2%-0.2%-110.5K766.2K-4.3K0.00140.22N/AN/A0537742
2025-11-24$55.18$57.0019.1%5.5%14.9%11.6%0.0%8.7%-1.2%-132.8K524.7K-3.1K0.75150.12N/AN/A8622742
2025-11-25$55.66$57.0017.0%4.9%15.1%8.5%0.0%7.4%1.0%-78.8K338.7K-2.4K0.00145.11N/AN/A0030748
2025-11-26$56.17$57.0018.6%5.3%15.5%11.0%7.3%8.9%-3.3%-64.9K335.9K-2.5K0.00152.56N/AN/A4030758
2025-11-28$56.20$57.0019.2%5.5%15.3%11.8%19.4%6.8%-5.0%-59.4K294.4K-2.3K0.00153.97N/AN/A0130758