SPYX Options History — January 2026

In January 2026, SPYX traded between $55.66 and $57.25. ATM implied volatility averaged 19.1%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 9.1% (HV 20d: 10.0%). Max pain ranged from $53.00 to $57.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2026-01-09: Highest Volume — 10 contracts
  • 2026-01-14: Largest IV drop — 56.9% change
  • 2026-01-13: Highest IV Rank — 38.3%
  • 2026-01-20: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.78$55.66$57.25$56.22$56.77
Max Pain$56.73$53.00$57.00$53.00$57.00
ATM IV19.1%13.1%36.5%15.7%15.1%
Expected Move4.4%3.8%5.0%4.5%4.3%
HV 20d10.0%7.4%11.6%8.7%11.4%
HV 60d11.8%11.2%12.5%12.5%11.9%
IV Rank11.6%2.5%38.3%6.5%5.6%
IV Percentile34.7%3.6%94.8%11.5%9.5%
Term Structure-1.4%-2.7%2.7%2.7%-2.7%
VWIV13.6%11.3%15.9%11.3%15.9%
Skew 25d5.4%3.5%7.1%3.9%7.1%
Skew 10d9.3%3.2%16.0%3.2%16.0%
Call IV 25d12.1%9.2%15.5%15.5%15.4%
Put IV 25d17.5%15.3%22.5%19.4%22.5%
Bid-Ask Spread %166.17134.79171.62134.79167.09
Gamma HHI0.220.180.250.230.24
Net GEX-24.3K-30.7K-12.3K-12.3K-24.8K
Net DEX104.2K49.2K167.2K96.1K132.3K
Net VEX-1.3K-1.4K-1.1K-1.4K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.0501050
Total OI558.3130917899130

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$56.22$53.0015.7%4.5%8.7%6.5%11.3%3.9%2.7%-12.3K96.1K-1.4K0.00134.79N/AN/A0540859
2026-01-05$56.63$0.0016.7%4.2%9.1%8.0%0.0%4.1%-1.2%-25.1K82.6K-1.4K0.00170.56N/AN/A0040864
2026-01-06$56.98$0.0021.6%4.2%9.2%15.5%0.0%6.6%-1.2%-19.6K70.5K-1.4K0.00168.43N/AN/A0040864
2026-01-07$56.80$0.0022.4%4.3%9.2%16.7%0.0%4.0%-0.6%-23.0K78.9K-1.4K0.00167.52N/AN/A0040864
2026-01-08$56.77$0.0024.5%4.4%9.2%19.9%0.0%5.5%-1.5%-24.8K71.5K-1.4K0.00169.48N/AN/A0040864
2026-01-09$57.20$0.0024.9%4.2%9.1%20.5%15.9%6.9%0.3%-21.5K49.2K-1.3K0.00167.25N/AN/A01040864
2026-01-12$57.25$57.0031.3%4.4%9.2%30.3%0.0%6.9%-0.5%-23.5K76.0K-1.3K0.00168.01N/AN/A0040874
2026-01-13$56.95$57.0036.5%4.3%8.4%38.3%0.0%4.4%-0.9%-29.5K98.4K-1.4K0.00168.17N/AN/A2040874
2026-01-14$56.66$57.0015.7%4.5%8.6%6.5%0.0%5.7%-1.9%-23.4K111.4K-1.4K0.00167.34N/AN/A0042874
2026-01-15$56.91$57.0014.8%4.3%8.7%5.2%0.0%5.9%-1.6%-21.9K76.9K-1.3K0.00169.83N/AN/A0142874
2026-01-16$56.92$57.0013.1%3.8%7.4%2.5%0.0%5.3%-1.4%-22.7K85.7K-1.3K0.00170.18N/AN/A3042875
2026-01-20$55.66$57.0017.3%5.0%10.7%8.9%0.0%3.5%-2.3%-26.7K166.8K-1.3K0.00161.39N/AN/A0015115
2026-01-21$56.34$57.0016.6%4.8%11.4%7.9%0.0%6.0%-0.8%-27.0K167.2K-1.3K0.00161.48N/AN/A0015115
2026-01-22$56.59$57.0014.6%4.2%11.4%4.8%0.0%4.1%-2.3%-26.6K135.7K-1.2K0.00169.25N/AN/A0015115
2026-01-23$56.64$57.0014.7%4.2%11.3%4.9%0.0%5.1%-2.0%-26.8K132.4K-1.2K0.00170.61N/AN/A0015115
2026-01-26$57.02$57.0016.1%4.6%11.5%7.1%0.0%5.9%-2.4%-25.8K113.1K-1.2K0.00171.62N/AN/A0015115
2026-01-27$57.21$57.0016.6%4.8%11.6%7.9%0.0%6.6%-2.5%-25.4K103.1K-1.1K0.00170.00N/AN/A0015115
2026-01-28$57.13$57.0017.2%4.9%11.5%8.8%0.0%5.9%-2.7%-25.5K107.8K-1.1K0.00169.49N/AN/A0015115
2026-01-29$56.88$57.0015.9%4.6%11.6%6.7%0.0%5.3%-2.1%-30.7K128.6K-1.1K0.00160.97N/AN/A0015115
2026-01-30$56.77$57.0015.1%4.3%11.4%5.6%0.0%7.1%-2.7%-24.8K132.3K-1.2K0.00167.09N/AN/A0015115