SPYX Options History — February 2026

In February 2026, SPYX traded between $55.55 and $57.13. ATM implied volatility averaged 19.2%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 5.3% (HV 20d: 13.8%). Max pain ranged from $53.00 to $60.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 5.00.

Notable Days

  • 2026-02-03: Highest Volume — 11 contracts
  • 2026-02-11: Largest IV drop — 30.4% change
  • 2026-02-10: Highest IV Rank — 17.0%
  • 2026-02-04: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.36$55.55$57.13$57.13$56.13
Max Pain$54.93$53.00$60.00$57.00$53.00
ATM IV19.2%15.7%22.6%18.5%20.0%
Expected Move5.2%4.5%5.9%5.3%5.7%
HV 20d13.8%11.6%15.5%11.6%14.3%
HV 60d11.8%11.4%12.4%11.8%11.5%
IV Rank11.8%6.5%17.0%10.7%13.1%
IV Percentile48.7%13.9%73.4%43.7%58.3%
Term Structure-2.0%-4.9%0.6%-3.7%-0.2%
VWIV17.7%13.9%20.7%20.6%15.4%
Skew 25d5.9%1.9%8.3%5.9%8.3%
Skew 10d8.9%2.6%11.9%10.2%5.4%
Call IV 25d13.3%10.4%14.8%13.8%13.7%
Put IV 25d19.2%16.6%22.0%19.7%22.0%
Bid-Ask Spread %162.73156.34170.17167.56167.56
Gamma HHI0.290.240.300.240.27
Net GEX-24.5K-29.0K-21.3K-24.9K-23.4K
Net DEX111.5K78.2K149.8K109.5K114.9K
Net VEX-1.0K-1.2K-956-1.1K-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.000.0010.0010.000.00
Total Volume0.84201100
Total OI123.632121130130128

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$57.13$57.0018.5%5.3%11.6%10.7%0.0%5.9%-3.7%-24.9K109.5K-1.1K0.00167.56N/AN/A0015115
2026-02-03$56.51$57.0019.9%5.7%12.0%12.9%20.6%2.3%-3.9%-29.0K137.7K-1.1K10.00160.50N/AN/A11015115
2026-02-04$56.44$60.0020.6%5.9%11.8%14.0%0.0%5.8%-4.9%-23.9K118.9K-1.1K0.00162.94N/AN/A0016105
2026-02-05$55.55$0.0022.1%4.9%13.0%16.3%0.0%4.9%-1.0%-23.4K149.8K-1.2K0.00156.34N/AN/A0016105
2026-02-06$56.66$0.0019.6%4.5%14.9%12.5%0.0%7.9%0.6%-28.1K105.6K-1.0K0.00160.70N/AN/A0016105
2026-02-09$56.98$0.0022.6%4.6%14.8%17.0%0.0%7.7%-1.2%-21.3K78.2K-9960.00163.15N/AN/A0016105
2026-02-10$56.86$0.0022.6%4.7%14.8%17.0%13.9%5.8%-1.5%-21.7K84.6K-1.0K0.00166.31N/AN/A1016105
2026-02-11$56.77$55.0015.7%4.5%14.7%6.5%0.0%5.2%-1.4%-22.2K80.2K-1.0K0.00162.35N/AN/A0017105
2026-02-12$55.94$55.0016.7%4.8%15.5%8.1%0.0%1.9%-1.7%-23.8K117.8K-1.1K0.00157.33N/AN/A0017105
2026-02-13$55.77$55.0017.5%5.0%15.4%9.3%0.0%4.6%-2.8%-25.8K115.1K-1.1K0.00159.88N/AN/A0017105
2026-02-17$56.00$55.0018.0%5.2%15.5%10.0%0.0%6.6%-1.8%-24.5K122.6K-1.1K0.00157.41N/AN/A0017105
2026-02-18$56.18$55.0018.3%5.2%13.3%10.4%0.0%5.5%-2.5%-24.1K112.9K-1.0K0.00165.22N/AN/A0017105
2026-02-19$55.99$55.0018.9%5.4%12.7%11.3%0.0%6.8%-2.6%-24.5K126.9K-1.0K0.00165.63N/AN/A0017105
2026-02-20$56.47$55.0018.2%5.2%12.9%10.3%20.7%7.5%-1.4%-22.1K117.8K-1.0K0.00163.17N/AN/A0217105
2026-02-23$55.83$53.0018.8%5.4%13.5%11.2%0.0%4.9%-2.5%-24.9K133.4K-1.1K0.00160.29N/AN/A0017107
2026-02-24$56.33$53.0019.1%5.5%13.7%11.6%0.0%7.6%-1.3%-28.5K112.1K-9760.00161.99N/AN/A0017107
2026-02-25$56.84$53.0018.6%5.3%14.1%10.9%15.4%7.2%-1.3%-23.4K88.2K-9620.00170.17N/AN/A0217109
2026-02-26$56.49$53.0018.7%5.4%14.2%11.1%0.0%5.3%-3.5%-25.7K91.4K-9560.00163.47N/AN/A0017111
2026-02-27$56.13$53.0020.0%5.7%14.3%13.1%0.0%8.3%-0.2%-23.4K114.9K-1.0K0.00167.56N/AN/A0017111