SPYX Options History — March 2026

In March 2026, SPYX traded between $51.40 and $56.26. ATM implied volatility averaged 23.7%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 9.4% (HV 20d: 14.4%). Max pain ranged from $53.00 to $56.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.33.

Notable Days

  • 2026-03-20: Highest Volume — 79 contracts
  • 2026-03-11: Largest IV drop — 37.1% change
  • 2026-03-30: Highest IV Rank — 33.7%
  • 2026-03-30: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.26$51.40$56.26$56.18$53.05
Max Pain$55.45$53.00$56.00$53.00$56.00
ATM IV23.7%18.2%33.5%21.3%28.2%
Expected Move6.5%4.6%9.6%6.1%8.1%
HV 20d14.4%12.1%20.3%14.3%20.3%
HV 60d12.8%11.5%15.7%11.5%15.7%
IV Rank18.7%10.3%33.7%15.1%25.6%
IV Percentile74.1%39.7%94.0%68.7%88.9%
Term Structure-1.8%-7.7%2.1%-4.6%-7.7%
VWIV23.3%11.3%28.2%11.3%28.2%
Skew 25d5.7%-1.4%9.7%7.9%6.3%
Skew 10d5.8%-3.0%12.1%4.7%3.9%
Call IV 25d16.4%13.4%24.6%14.5%17.5%
Put IV 25d22.2%17.9%27.2%22.4%23.8%
Bid-Ask Spread %114.5882.73161.81161.8186.83
Gamma HHI0.260.220.290.270.25
Net GEX-24.8K-33.6K-7.8K-24.2K-11.7K
Net DEX186.7K108.6K314.1K129.1K108.6K
Net VEX-816-1.0K-337-1.0K-377
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.007.000.007.00
Total Volume8.2507908
Total OI119.357113912871

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$56.18$53.0021.3%6.1%14.3%15.1%0.0%7.9%-4.6%-24.2K129.1K-1.0K0.00161.81N/AN/A0017111
2026-03-03$55.75$53.0022.1%6.3%14.3%16.3%0.0%8.7%-3.0%-29.9K167.2K-1.0K0.00155.85N/AN/A1017111
2026-03-04$56.26$53.0021.8%6.3%14.3%15.8%0.0%9.7%-4.4%-24.1K122.0K-9930.00160.47N/AN/A0018111
2026-03-05$55.69$56.0022.1%4.6%14.7%16.3%0.0%5.3%1.8%-29.5K137.0K-9850.00145.76N/AN/A0018111
2026-03-06$55.09$56.0026.5%5.6%14.1%22.9%0.0%7.0%-1.9%-26.9K182.6K-1.0K0.00144.28N/AN/A0018111
2026-03-09$55.50$56.0028.0%5.6%12.3%25.3%11.3%5.5%0.4%-33.6K182.1K-9490.00140.20N/AN/A0218111
2026-03-10$55.50$56.0028.9%5.4%12.1%26.6%0.0%6.5%0.8%-29.7K159.4K-9790.00146.00N/AN/A4018113
2026-03-11$55.36$56.0018.2%5.2%12.1%10.3%0.0%7.2%0.4%-28.9K163.8K-9790.00148.41N/AN/A0021113
2026-03-12$54.57$56.0018.2%9.3%12.9%10.3%0.0%4.2%-0.1%-28.8K216.6K-9980.0095.71N/AN/A2021113
2026-03-13$54.09$56.0021.9%5.9%12.3%15.9%0.0%1.0%-3.0%-26.2K242.8K-9920.0084.06N/AN/A0223113
2026-03-17$54.84$56.0021.6%5.4%13.5%15.5%0.0%6.0%-0.8%-26.4K189.4K-9311.00101.98N/AN/A1126111
2026-03-18$54.07$56.0019.5%6.5%14.1%12.3%0.0%2.7%-3.0%-30.5K246.4K-9050.0087.66N/AN/A1027112
2026-03-19$53.89$56.0023.2%5.8%14.0%18.0%0.0%7.3%0.0%-27.4K262.3K-8930.0095.10N/AN/A0026112
2026-03-20$52.89$56.0024.7%7.1%15.2%20.2%26.1%5.7%-2.3%-26.4K314.1K-8380.0082.73N/AN/A07926112
2026-03-24$53.31$55.0022.5%6.7%15.1%16.9%0.0%5.7%-0.1%-19.4K129.0K-5230.0092.00N/AN/A001869
2026-03-25$53.54$55.0022.7%6.3%15.0%17.2%0.0%5.7%-1.9%-19.5K121.0K-5140.0097.56N/AN/A001869
2026-03-26$52.63$56.0024.4%7.0%15.3%19.8%24.9%5.6%-1.6%-24.4K265.0K-5860.0086.23N/AN/A0271895
2026-03-27$51.58$56.0025.1%7.2%15.7%20.9%26.1%8.5%2.1%-19.6K230.8K-5000.0086.76N/AN/A0371881
2026-03-30$51.40$56.0033.5%9.6%15.7%33.7%0.0%-1.4%-7.2%-7.8K163.9K-3370.0092.29N/AN/A001853
2026-03-31$53.05$56.0028.2%8.1%20.3%25.6%28.2%6.3%-7.7%-11.7K108.6K-3777.0086.83N/AN/A171853