SPX Options History — June 2009

In June 2009, SPX traded between $892.16 and $944.66. ATM implied volatility averaged 24.9%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 3.1% (HV 20d: 21.8%). Max pain ranged from $900.00 to $925.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 1.60.

Notable Days

  • 2009-06-17: Highest Volume — 956,109 contracts
  • 2009-06-29: Largest IV spike — 26.7% change
  • 2009-06-22: Highest IV Rank — 16.3%
  • 2009-06-22: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$925.58$892.16$944.66$939.98$919.93
Max Pain$905.68$900.00$925.00$900.00$900.00
ATM IV24.9%19.6%27.8%25.6%20.7%
Expected Move7.2%6.0%8.0%7.3%6.2%
HV 20d21.8%19.0%26.3%26.3%19.0%
HV 60d28.1%24.3%32.9%32.9%24.4%
IV Rank12.3%4.5%16.3%13.7%6.2%
IV Percentile25.4%8.3%33.3%29.0%9.9%
Term Structure1.0%-0.2%2.2%0.4%1.9%
VWIV27.3%22.6%35.0%26.9%23.3%
Skew 25d5.7%4.2%7.4%6.3%4.9%
Skew 10d11.9%9.0%15.7%13.9%9.3%
Call IV 25d22.8%19.5%24.8%23.5%19.8%
Put IV 25d28.5%24.5%31.8%29.8%24.7%
Bid-Ask Spread %39.6317.9667.1133.7156.17
Gamma HHI0.050.040.050.050.04
Net GEX881.7M-1.40B2.45B2.19B362.2M
Net DEX-36.68B-110.29B61.35B-83.66B20.11B
Net VEX-1.24B-1.26B-1.21B-1.23B-1.23B
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.600.972.921.281.97
Total Volume581,688.136373,314956,109732,798497,066
Total OI12,705,378.1369,423,86415,599,79913,139,82710,551,808

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-06-01$939.98$900.0025.6%7.3%26.3%13.7%26.9%6.3%0.4%2.19B-83.66B-1.23B1.2833.71321,377411,4215,563,5387,576,289
2009-06-02$943.43$900.0025.6%7.3%24.3%13.1%30.3%5.6%0.3%2.45B-96.01B-1.22B1.5560.54218,347338,0815,650,4747,646,778
2009-06-03$931.88$925.0027.5%7.9%24.8%15.8%29.0%5.4%-0.2%1.81B-73.19B-1.25B2.2462.06186,461417,7805,699,0487,752,837
2009-06-04$942.46$925.0026.2%7.5%24.6%14.0%28.6%5.1%0.5%2.15B-91.86B-1.24B1.9153.68162,734310,8205,724,3867,836,773
2009-06-05$940.87$925.0025.6%7.3%24.2%13.1%28.2%5.1%0.8%1.84B-87.40B-1.26B1.1866.23203,030240,4965,759,2417,947,454
2009-06-08$939.07$925.0025.8%7.3%23.5%13.4%35.0%4.8%0.7%1.92B-89.90B-1.23B1.8267.11175,661319,5315,808,0038,023,095
2009-06-09$939.68$925.0024.4%6.9%22.6%11.5%23.1%4.2%0.9%2.14B-93.89B-1.22B1.7665.30189,179332,9605,869,1518,150,500
2009-06-10$940.51$900.0022.1%7.2%22.6%8.1%26.3%5.8%1.3%2.14B-93.80B-1.23B1.6830.15236,694397,9505,945,8838,254,851
2009-06-11$942.67$900.0024.7%7.1%20.4%11.9%28.4%5.9%1.3%2.21B-101.12B-1.21B1.5936.56296,179472,2565,981,0318,373,754
2009-06-12$944.66$900.0024.2%6.9%20.4%11.1%26.6%5.8%1.3%2.40B-110.29B-1.22B1.5433.16192,283295,8576,080,0848,543,803
2009-06-15$923.30$900.0026.6%7.6%22.0%14.6%29.2%7.2%0.2%793.5M-57.60B-1.24B1.3036.79302,219392,1796,168,5768,685,829
2009-06-16$912.15$900.0027.8%8.0%20.4%16.3%31.1%7.4%0.6%-315.1M-27.54B-1.25B1.6735.23319,909533,3466,221,8668,815,934
2009-06-17$909.50$900.0026.7%7.6%20.4%14.7%30.8%7.3%1.2%-578.8M-21.61B-1.25B2.0725.21311,456644,6536,318,7498,979,603
2009-06-18$917.81$900.0025.1%7.2%20.5%12.5%26.4%6.5%1.6%472.5M-51.24B-1.24B1.1631.55349,523404,3986,407,0819,192,718
2009-06-19$920.50$900.0023.5%6.7%19.9%10.2%25.4%6.4%2.1%-144.8M24.57B-1.25B1.5024.55195,346293,5673,816,6265,607,238
2009-06-22$892.16$900.0027.8%8.0%23.0%16.3%28.4%5.8%0.1%-1.36B61.35B-1.24B1.6027.17195,176312,0923,889,6315,775,618
2009-06-23$893.91$900.0026.7%7.7%20.9%14.8%28.4%6.0%0.6%-1.40B61.14B-1.24B2.9223.02121,042353,4433,940,0705,903,953
2009-06-24$902.10$900.0025.3%7.2%20.2%12.7%25.6%5.4%1.3%-1.07B50.83B-1.25B1.2428.21231,505287,5803,987,3036,055,083
2009-06-25$921.97$900.0022.7%6.5%20.9%8.9%24.0%5.0%1.5%359.1M20.61B-1.25B1.2629.59240,441302,4754,055,2566,122,304
2009-06-26$917.81$900.0019.6%6.2%20.5%4.5%23.4%5.4%2.2%109.1M23.87B-1.26B0.9727.92189,261184,0534,160,9536,165,131
2009-06-29$926.40$900.0024.8%6.0%19.0%12.0%22.6%5.1%1.7%920.0M9.64B-1.22B1.0717.96201,974215,3384,266,2746,243,742
2009-06-30$919.93$900.0020.7%6.2%19.0%6.2%23.3%4.9%1.9%362.2M20.11B-1.23B1.9756.17167,187329,8794,287,9176,263,891