SPCE Options History — May 2021

In May 2021, SPCE traded between $312.00 and $624.40. ATM implied volatility averaged 104.0%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 29.7%. IV traded above realized volatility by 8.0% (HV 20d: 96.0%). Max pain ranged from $400.00 to $500.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2021-05-24: Highest Volume — 29,211 contracts
  • 2021-05-20: Largest IV spike — 30.4% change
  • 2021-05-28: Highest IV Rank — 36.9%
  • 2021-05-27: Largest Expected Move — 35.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$418.19$312.00$624.40$402.60$619.20
Max Pain$451.50$400.00$500.00$500.00$490.00
ATM IV104.0%87.2%127.0%108.0%127.0%
Expected Move29.7%24.3%35.6%31.6%35.0%
HV 20d96.0%75.3%144.9%79.5%144.7%
HV 60d92.4%84.1%107.5%90.3%106.5%
IV Rank21.4%10.0%36.9%24.1%36.9%
IV Percentile55.5%16.7%88.1%66.7%88.1%
Term Structure-0.2%-5.6%25.8%-4.2%-0.4%
VWIV108.7%91.9%128.2%113.0%127.1%
Skew 25d-7.9%-21.0%11.2%-5.9%-19.8%
Skew 10d-17.2%-38.2%19.0%-12.3%-38.2%
Call IV 25d112.8%90.9%140.2%110.0%140.0%
Put IV 25d104.9%86.5%134.2%104.1%120.2%
Bid-Ask Spread %6.092.6714.535.023.67
Gamma HHI0.060.050.100.050.06
Net GEX2.5M-375.8K10.0M775.7K8.7M
Net DEX-159.3M-873.0M83.6M-28.5M-822.8M
Net VEX-2.1M-3.5M-1.4M-1.7M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.290.830.680.29
Total Volume8,227.51,89329,2114,13120,536
Total OI32,859.2525,53145,06525,53145,065

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$402.60$500.00108.0%31.6%79.5%24.1%113.0%-5.9%-4.2%775.7K-28.5M-1.7M0.685.022,4571,67417,2178,314
2021-05-04$415.40$500.00111.4%34.9%78.4%26.4%124.1%7.0%8.5%1.3M-61.5M-1.9M0.507.232,6161,31418,1239,163
2021-05-05$397.80$500.00100.3%28.3%77.8%18.9%104.5%-15.2%-3.9%564.1K-14.4M-1.7M0.553.541,82699718,4859,012
2021-05-06$380.80$500.0099.9%27.9%77.8%18.6%102.5%-17.2%-3.2%-83.7K14.7M-1.6M0.6211.862,1511,33018,9999,352
2021-05-07$394.00$500.0091.7%25.2%80.0%13.1%91.9%-13.9%-1.2%628.7K3.3M-1.8M0.476.802,07798119,5029,860
2021-05-10$359.00$480.00101.8%27.2%80.7%19.9%103.9%11.2%-4.1%102.5K30.8M-1.6M0.633.842,0801,31318,3449,507
2021-05-11$360.40$480.0095.7%26.3%80.6%15.8%95.9%-3.2%-3.1%72.3K34.2M-1.6M0.774.353,9863,08819,2849,897
2021-05-12$321.80$440.0095.0%26.7%87.0%15.3%105.2%-5.1%-1.4%-370.7K77.5M-1.4M0.672.672,6291,76419,90210,439
2021-05-13$312.00$440.00100.2%27.8%75.3%18.8%101.0%0.3%-3.9%-375.8K83.6M-1.4M0.834.151,6331,35520,93010,808
2021-05-14$325.80$440.0087.2%24.3%77.9%10.0%92.7%-4.4%-5.6%15.3K70.4M-1.5M0.632.831,7681,11421,08211,011
2021-05-17$331.80$420.0091.5%26.4%77.7%12.9%94.9%-5.1%-3.9%94.0K55.3M-1.5M0.319.912,41975719,93410,345
2021-05-18$347.60$400.0087.2%25.0%79.2%10.0%96.1%-5.8%4.5%862.5K22.3M-1.7M0.3314.532,32475720,88410,528
2021-05-19$342.80$400.0092.7%26.6%75.6%13.8%95.8%-3.5%25.8%813.6K28.9M-1.6M0.4211.261,33755621,82410,692
2021-05-20$398.20$400.00120.9%34.8%95.1%32.8%126.1%-13.2%-2.0%2.5M-120.0M-2.1M0.494.4310,0184,86822,17710,812
2021-05-21$424.80$400.00117.6%34.2%98.0%30.6%123.4%-7.1%-5.2%3.0M-215.4M-2.2M0.573.679,3035,31124,86211,652
2021-05-24$550.60$400.00117.0%33.9%134.3%30.2%120.3%-14.3%4.0%5.7M-520.6M-2.9M0.494.6719,6339,57822,68511,820
2021-05-25$513.60$440.00108.5%31.4%137.2%24.4%113.7%-13.7%-1.3%6.8M-417.6M-2.9M0.504.017,5283,78626,21014,349
2021-05-26$541.20$440.00107.7%30.8%138.2%23.9%114.6%-7.8%-0.7%8.9M-532.3M-3.1M0.313.307,6022,38427,10114,432
2021-05-27$624.40$460.00118.9%35.6%144.9%31.5%128.2%-21.0%-3.1%10.0M-873.0M-3.5M0.3310.1213,3584,34227,85214,730
2021-05-28$619.20$490.00127.0%35.0%144.7%36.9%127.1%-19.8%-0.4%8.7M-822.8M-3.5M0.293.6715,8914,64529,00216,063