SPX Options History — July 2024

In July 2024, SPX traded between $5427.25 and $5660.80. ATM implied volatility averaged 12.1%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 3.4% (HV 20d: 8.7%). Max pain ranged from $5200.00 to $5325.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.34.

Notable Days

  • 2024-07-18: Highest Volume — 3,729,390 contracts
  • 2024-07-24: Largest IV spike — 20.6% change
  • 2024-07-30: Highest IV Rank — 65.0%
  • 2024-07-30: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5539.88$5427.25$5660.80$5467.59$5535.50
Max Pain$5268.18$5200.00$5325.00$5200.00$5325.00
ATM IV12.1%10.0%15.3%10.3%14.1%
Expected Move3.5%2.7%4.7%2.8%4.2%
HV 20d8.7%5.7%14.5%6.0%14.5%
HV 60d9.3%8.6%10.0%9.9%10.0%
IV Rank28.0%3.9%65.0%7.1%51.6%
IV Percentile47.4%3.2%90.1%8.3%81.3%
Term Structure-0.0%-0.6%0.3%0.1%-0.6%
VWIV13.3%9.8%17.7%11.2%15.9%
Skew 25d2.9%1.9%4.1%2.6%3.4%
Skew 10d6.5%4.7%9.7%5.0%7.4%
Call IV 25d10.8%8.8%13.5%9.1%12.3%
Put IV 25d13.7%11.2%17.3%11.7%15.8%
Bid-Ask Spread %6.464.7810.268.9810.26
Gamma HHI0.020.010.050.020.01
Net GEX15.85B-81.12B120.80B5.42B14.63B
Net DEX-1492.17B-2114.71B-700.02B-1428.72B-1337.61B
Net VEX-27.56B-419.90B-7.44B-8.22B-9.62B
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.341.171.491.441.48
Total Volume2,785,484.2271,717,3523,729,3902,411,7112,509,402
Total OI20,385,642.54519,134,57321,902,43319,134,57320,627,371

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$5467.59$5200.0010.3%2.8%6.0%7.1%11.2%2.6%0.1%5.42B-1428.72B-8.22B1.448.98990,3731,421,3386,212,00312,922,570
2024-07-02$5501.62$5200.0010.0%2.7%6.2%3.9%9.8%2.6%0.3%51.68B-1599.03B-8.09B1.358.621,039,1471,398,3676,244,98813,021,705
2024-07-03$5527.30$5200.0010.3%2.7%6.2%7.4%10.2%2.5%-0.2%88.30B-1705.49B-8.09B1.358.50731,033986,3196,306,20813,241,703
2024-07-05$5568.02$5200.0010.1%3.0%5.8%4.5%12.4%2.5%0.2%120.80B-1890.61B-7.86B1.445.381,115,1251,608,5766,378,64313,394,515
2024-07-08$5568.61$5200.0010.3%3.1%5.8%6.6%11.9%2.2%0.1%75.42B-1840.90B-7.84B1.355.001,009,8031,361,6006,453,26813,418,366
2024-07-09$5577.20$5200.0010.4%3.1%5.7%8.6%12.1%2.4%0.1%56.90B-1852.82B-7.92B1.495.32919,8961,367,3456,451,14313,561,843
2024-07-10$5623.50$5225.0010.5%3.1%6.1%10.1%11.6%2.3%-0.2%98.24B-2089.02B-7.44B1.204.811,225,1421,475,9016,519,15613,851,053
2024-07-11$5588.86$5230.0010.7%3.1%6.9%11.6%11.6%2.3%-0.3%26.40B-1844.54B-8.27B1.175.091,449,0671,695,6526,598,71414,056,093
2024-07-12$5625.17$5250.0010.1%3.0%6.7%4.7%12.5%1.9%0.1%79.16B-2034.58B-7.92B1.215.941,502,6421,813,4396,692,86414,350,049
2024-07-15$5625.88$5260.0010.9%3.2%6.6%14.2%12.1%2.2%0.0%68.98B-1979.95B-8.06B1.245.291,354,1161,683,5576,771,21214,270,729
2024-07-16$5660.80$5295.0011.0%3.2%6.7%14.9%12.3%2.0%0.1%68.19B-2114.71B-8.03B1.404.781,118,8471,562,0316,824,78014,445,379
2024-07-17$5592.71$5300.0012.2%3.5%7.7%28.9%12.8%2.8%-0.3%-6.81B-1706.01B-8.91B1.325.101,326,4871,757,1806,898,53014,702,561
2024-07-18$5544.84$5300.0012.9%3.7%8.4%37.8%13.4%3.5%-0.4%-53.07B-1397.87B-9.38B1.345.641,591,6972,137,6936,971,37514,931,058
2024-07-19$5503.88$5300.0013.6%4.0%8.8%45.1%14.2%4.0%0.1%-58.38B-1030.43B-9.70B1.315.671,327,7181,735,6496,386,48813,610,462
2024-07-22$5567.79$5315.0012.4%3.6%9.7%31.1%13.5%3.1%0.1%12.54B-1445.02B-10.69B1.335.581,144,7361,527,6166,442,81413,474,941
2024-07-23$5558.69$5320.0012.5%3.7%9.7%32.3%13.4%3.0%0.2%-23.08B-1372.66B-419.90B1.275.951,105,5231,400,8106,570,26013,604,737
2024-07-24$5438.40$5325.0015.0%4.4%12.6%62.2%15.4%4.1%-0.4%-81.12B-717.47B-10.15B1.365.931,513,1672,052,1886,519,42513,722,597
2024-07-25$5427.25$5310.0015.2%4.5%12.6%63.9%17.7%3.8%-0.4%-79.20B-700.02B-10.28B1.326.671,477,1571,942,8066,654,62913,863,903
2024-07-26$5459.88$5310.0014.2%4.3%12.8%52.5%15.3%3.5%-0.0%-39.14B-896.32B-10.10B1.417.731,168,7451,645,8586,726,32713,899,469
2024-07-29$5476.58$5315.0014.1%4.4%12.8%51.6%16.3%3.2%0.3%-26.87B-1026.18B-9.81B1.347.401,004,8381,350,0836,700,76413,729,940
2024-07-30$5437.26$5320.0015.3%4.7%13.1%65.0%16.7%3.5%0.1%-50.27B-817.67B-10.03B1.388.371,149,1441,582,8406,705,65413,753,847
2024-07-31$5535.50$5325.0014.1%4.2%14.5%51.6%15.9%3.4%-0.6%14.63B-1337.61B-9.62B1.4810.261,010,7981,498,6046,771,12113,856,250