SPCE Options History — April 2021

In April 2021, SPCE traded between $419.60 and $616.00. ATM implied volatility averaged 95.1%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 27.7%. IV traded above realized volatility by 23.5% (HV 20d: 71.5%). Max pain ranged from $500.00 to $600.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.40.

Notable Days

2021-04-15: Highest Volume — 8,977 contracts
2021-04-08: Largest IV spike — 31.9% change
2021-04-29: Highest IV Rank — 26.5%
2021-04-28: Largest Expected Move — 30.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$503.69	$419.60	$616.00	$610.20	$441.80
Max Pain	$558.10	$500.00	$600.00	$560.00	$500.00
ATM IV	95.1%	74.9%	111.6%	90.6%	98.0%
Expected Move	27.7%	23.7%	30.1%	23.7%	27.9%
HV 20d	71.5%	56.1%	85.1%	85.1%	74.9%
HV 60d	111.5%	89.2%	118.4%	117.2%	89.2%
IV Rank	15.4%	1.7%	26.5%	12.4%	17.3%
IV Percentile	36.4%	1.2%	70.6%	24.6%	44.0%
Term Structure	0.1%	-21.3%	15.8%	15.8%	-2.4%
VWIV	99.0%	88.1%	107.6%	88.1%	100.5%
Skew 25d	-7.0%	-34.3%	3.0%	-8.4%	-10.8%
Skew 10d	-9.1%	-24.8%	18.2%	-13.8%	-24.2%
Call IV 25d	100.9%	81.9%	116.2%	97.5%	107.1%
Put IV 25d	93.9%	79.4%	104.1%	89.0%	96.3%
Bid-Ask Spread %	4.80	2.67	13.84	2.67	3.97
Gamma HHI	0.06	0.04	0.12	0.12	0.06
Net GEX	2.4M	349.9K	6.1M	6.1M	1.3M
Net DEX	-141.6M	-314.4M	-22.0M	-309.3M	-81.3M
Net VEX	-2.0M	-2.3M	-1.8M	-2.3M	-1.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.16	0.79	0.21	0.57
Total Volume	3,065.905	1,373	8,977	3,041	1,665
Total OI	26,359.381	23,171	30,957	26,363	27,652

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-04-01	$610.20	$560.00	90.6%	23.7%	85.1%	12.4%	88.1%	-8.4%	15.8%	6.1M	-309.3M	-2.3M	0.21	2.67	2,522	519	18,041	8,322
2021-04-05	$589.80	$600.00	87.5%	29.1%	77.6%	10.2%	104.1%	-16.3%	8.9%	3.6M	-255.9M	-2.2M	0.43	4.42	959	414	16,316	7,953
2021-04-06	$616.00	$600.00	89.8%	28.4%	78.0%	11.8%	100.5%	-0.2%	2.7%	5.0M	-314.4M	-2.3M	0.25	4.41	1,942	484	16,849	8,254
2021-04-07	$583.20	$600.00	74.9%	28.0%	66.0%	1.7%	99.3%	2.9%	5.2%	3.8M	-240.6M	-2.2M	0.49	5.07	1,345	663	17,361	8,339
2021-04-08	$584.40	$600.00	98.8%	26.9%	65.7%	17.9%	96.6%	-3.9%	-9.3%	4.0M	-238.3M	-2.2M	0.30	4.14	1,841	558	17,662	8,668
2021-04-09	$583.60	$600.00	87.5%	26.3%	56.1%	10.2%	93.2%	3.0%	-21.3%	3.7M	-236.6M	-2.2M	0.46	4.57	1,177	539	18,046	8,887
2021-04-12	$534.80	$600.00	85.5%	27.5%	61.2%	8.9%	97.4%	-34.3%	6.0%	1.6M	-140.5M	-2.0M	0.46	4.00	2,276	1,036	17,268	8,634
2021-04-13	$538.80	$600.00	91.4%	26.2%	61.3%	12.9%	92.2%	-6.1%	-1.2%	2.2M	-153.8M	-2.0M	0.26	4.60	2,428	633	18,183	9,002
2021-04-14	$532.60	$600.00	87.2%	25.7%	59.0%	10.0%	91.2%	-2.7%	2.8%	2.4M	-147.7M	-2.0M	0.37	5.45	1,414	527	18,933	9,097
2021-04-15	$462.00	$600.00	104.9%	29.3%	73.5%	22.0%	104.1%	-9.2%	-3.5%	620.4K	-32.3M	-1.8M	0.64	6.38	5,469	3,508	19,150	9,191
2021-04-16	$466.80	$560.00	89.1%	24.5%	72.8%	11.3%	89.0%	-7.6%	-6.4%	1.4M	-52.4M	-1.9M	0.60	5.67	2,878	1,723	20,945	10,012
2021-04-19	$442.40	$560.00	94.1%	27.0%	71.5%	14.7%	95.6%	-2.6%	1.5%	685.3K	-47.2M	-1.8M	0.65	3.93	2,079	1,346	15,383	7,788
2021-04-20	$419.60	$540.00	101.4%	29.0%	72.5%	19.6%	102.9%	-1.5%	-0.7%	349.9K	-22.0M	-1.8M	0.79	3.07	1,955	1,540	16,144	8,345
2021-04-21	$442.80	$520.00	100.2%	28.7%	76.2%	18.8%	102.5%	-3.1%	2.4%	1.2M	-62.8M	-1.9M	0.39	3.35	2,012	793	16,677	8,706
2021-04-22	$436.40	$520.00	100.8%	28.9%	74.3%	19.2%	103.1%	-2.2%	1.6%	1.3M	-56.8M	-1.9M	0.39	3.91	1,759	679	17,239	8,970
2021-04-23	$442.60	$520.00	96.6%	27.6%	73.2%	16.4%	98.2%	-2.2%	0.8%	1.1M	-63.3M	-1.9M	0.35	3.72	1,427	503	17,490	9,042
2021-04-26	$464.20	$520.00	95.8%	27.5%	76.5%	15.8%	98.7%	-3.0%	1.6%	2.0M	-112.5M	-2.0M	0.22	3.40	2,244	486	16,218	8,417
2021-04-27	$468.00	$520.00	104.6%	29.9%	76.8%	21.8%	106.4%	-14.9%	7.6%	2.5M	-134.1M	-2.1M	0.16	13.84	4,958	801	16,834	8,519
2021-04-28	$468.20	$500.00	106.7%	30.1%	75.4%	23.2%	107.2%	-12.0%	-6.2%	4.2M	-161.0M	-2.1M	0.20	5.20	2,104	428	18,799	8,796
2021-04-29	$449.20	$500.00	111.6%	29.6%	75.0%	26.5%	107.6%	-12.0%	-4.0%	2.4M	-110.2M	-2.0M	0.23	5.07	2,236	514	18,449	8,966
2021-04-30	$441.80	$500.00	98.0%	27.9%	74.9%	17.3%	100.5%	-10.8%	-2.4%	1.3M	-81.3M	-1.9M	0.57	3.97	1,058	607	18,613	9,039