SPCE Options History — February 2020

In February 2020, SPCE traded between $364.00 and $757.40. ATM implied volatility averaged 150.7%. The 30-day expected move averaged 44.0%. IV traded above realized volatility by 41.4% (HV 20d: 109.3%). Max pain ranged from $280.00 to $520.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.49.

Notable Days

  • 2020-02-20: Highest Volume — 46,780 contracts
  • 2020-02-18: Largest IV spike — 24.0% change
  • 2020-02-20: Largest Expected Move — 65.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$517.69$364.00$757.40$364.00$476.40
Max Pain$408.42$280.00$520.00$320.00$520.00
ATM IV150.7%89.0%225.3%95.2%183.6%
Expected Move44.0%27.3%65.3%27.3%56.8%
HV 20d109.3%84.4%174.0%86.1%174.0%
HV 60d88.4%75.5%117.5%76.3%117.1%
Term Structure-7.6%-14.3%6.9%0.7%-7.2%
VWIV154.8%96.5%227.3%96.5%202.7%
Skew 25d-13.5%-34.1%6.3%-8.9%6.3%
Skew 10d-19.9%-48.6%8.6%-17.3%8.6%
Call IV 25d160.4%100.1%236.5%100.2%188.6%
Put IV 25d146.8%91.2%214.8%91.2%195.0%
Bid-Ask Spread %8.224.3017.978.2210.20
Gamma HHI0.090.050.130.120.06
Net GEX3.8M-498.2K8.4M3.0M1.4M
Net DEX-558.5M-1.21B-51.4M-260.6M-172.2M
Net VEX-1.8M-2.5M-1.1M-1.1M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.101.350.201.16
Total Volume13,304.4741,02346,7802,12612,039
Total OI29,23917,98346,79017,98341,142

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-02-03$364.00$320.0095.2%27.3%86.1%0.0%96.5%-8.9%0.7%3.0M-260.6M-1.1M0.208.221,76835813,8274,156
2020-02-04$394.80$320.00102.1%29.3%84.4%0.0%102.7%-7.9%1.0%3.3M-333.1M-1.2M0.2212.132,85163514,2664,119
2020-02-05$371.20$320.0095.5%27.4%90.0%0.0%98.7%-7.6%6.9%3.4M-293.0M-1.2M0.108.982,88630015,1054,143
2020-02-06$367.40$280.0089.0%28.7%90.7%0.0%101.0%-7.9%-4.3%3.7M-295.4M-1.3M0.128.4891111216,3134,283
2020-02-07$378.60$280.0094.5%29.3%90.4%0.0%103.2%-8.6%-9.0%3.9M-325.1M-1.3M0.198.651,38825916,4424,326
2020-02-10$407.80$300.00116.1%31.8%91.3%0.0%113.6%-14.8%-9.9%4.2M-407.8M-1.4M0.136.405,22770316,9484,491
2020-02-11$437.60$320.00127.8%34.1%91.0%0.0%120.5%-14.8%-13.9%4.7M-497.3M-1.5M0.168.486,4991,03618,0974,823
2020-02-12$465.20$340.00127.3%36.5%91.9%0.0%129.9%-15.0%-13.0%5.0M-594.6M-1.7M0.247.849,0572,18019,4385,142
2020-02-13$466.20$400.00129.8%37.2%91.4%0.0%132.0%-12.9%-14.3%4.9M-560.2M-1.8M0.236.005,8381,31519,8966,627
2020-02-14$555.00$400.00152.2%41.9%105.6%0.0%146.2%-9.2%-9.5%4.6M-813.5M-2.0M0.245.4612,8633,11620,3167,314
2020-02-18$602.20$440.00188.8%53.6%106.9%0.0%189.8%-31.5%-9.6%4.6M-899.4M-2.0M0.465.4120,8459,67020,6928,391
2020-02-19$706.60$500.00208.5%59.8%113.3%0.0%207.4%-34.1%-10.2%5.5M-1.16B-2.0M0.624.3015,4489,58022,46611,537
2020-02-20$757.40$500.00225.3%65.3%110.6%0.0%227.3%-21.7%-12.5%8.4M-1.21B-2.2M0.769.0126,59320,18723,90215,049
2020-02-21$665.20$500.00197.4%57.6%124.3%0.0%201.7%-21.1%-13.4%3.1M-724.3M-2.4M1.016.659,2679,38127,53919,251
2020-02-24$698.20$500.00194.7%58.3%111.6%0.0%201.2%-22.2%-6.0%3.3M-802.2M-2.5M0.565.617,7324,35820,48511,424
2020-02-25$703.00$500.00197.8%59.3%112.0%0.0%208.0%-14.1%-9.2%4.1M-831.8M-2.5M0.708.196,8454,78722,35212,729
2020-02-26$577.80$500.00159.3%47.0%138.9%0.0%166.4%-7.6%-4.3%1.1M-382.4M-2.4M0.898.178,7397,77323,80814,614
2020-02-27$441.60$520.00178.7%54.9%173.2%0.0%193.2%-3.7%-6.5%-498.2K-51.4M-2.1M1.3517.978,59511,64424,83615,252
2020-02-28$476.40$520.00183.6%56.8%174.0%0.0%202.7%6.3%-7.2%1.4M-172.2M-2.3M1.1610.205,5816,45825,62315,519