SPCE Options History — July 2021

In July 2021, SPCE traded between $593.00 and $1034.80. ATM implied volatility averaged 124.1%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 34.5%. IV traded below realized volatility by 32.5% (HV 20d: 156.5%). Max pain ranged from $700.00 to $840.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.54.

Notable Days

2021-07-02: Highest Volume — 44,023 contracts
2021-07-12: Largest IV drop — 24.5% change
2021-07-08: Highest IV Rank — 82.2%
2021-07-02: Largest Expected Move — 51.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$728.60	$593.00	$1034.80	$871.80	$597.60
Max Pain	$766.67	$700.00	$840.00	$700.00	$740.00
ATM IV	124.1%	91.1%	193.9%	140.0%	91.3%
Expected Move	34.5%	26.0%	51.1%	37.9%	26.2%
HV 20d	156.5%	115.7%	180.8%	152.6%	115.7%
HV 60d	135.9%	128.2%	139.8%	129.2%	138.0%
IV Rank	35.0%	12.7%	82.2%	45.7%	12.8%
IV Percentile	68.2%	27.8%	99.2%	90.9%	29.0%
Term Structure	-4.3%	-22.9%	8.3%	8.3%	-0.5%
VWIV	126.1%	94.1%	195.8%	145.6%	95.9%
Skew 25d	-16.9%	-42.4%	-3.2%	-42.4%	-4.3%
Skew 10d	-26.8%	-74.4%	2.1%	-74.4%	-3.6%
Call IV 25d	139.3%	94.6%	226.4%	172.4%	96.9%
Put IV 25d	122.4%	91.4%	190.7%	130.0%	92.7%
Bid-Ask Spread %	3.50	2.27	6.78	3.61	2.45
Gamma HHI	0.09	0.04	0.35	0.07	0.32
Net GEX	3.6M	-6.2M	19.6M	4.9M	-3.6M
Net DEX	-491.2M	-1.74B	110.6M	-928.6M	-78.6M
Net VEX	-3.8M	-4.7M	-3.1M	-4.4M	-3.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.26	0.89	0.37	0.77
Total Volume	16,448.143	4,008	44,023	10,817	4,775
Total OI	47,773.667	36,586	64,194	48,274	40,453

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
2021-07-01	$871.80	$700.00	140.0%	37.9%	152.6%	45.7%	145.6%	-42.4%	8.3%	4.9M	-928.6M	-4.4M	0.37	3.61	7,893	2,924	30,296	17,978
2021-07-02	$900.00	$700.00	162.5%	51.1%	152.5%	60.9%	195.8%	-40.9%	-8.5%	5.3M	-1.08B	-4.5M	0.51	3.04	29,164	14,859	30,889	18,270
2021-07-06	$926.40	$800.00	166.4%	43.9%	149.8%	63.6%	163.1%	-36.1%	-9.9%	8.3M	-1.19B	-4.5M	0.41	2.27	11,115	4,608	28,203	17,490
2021-07-07	$897.00	$800.00	163.0%	42.9%	148.1%	61.2%	156.2%	-34.4%	-8.8%	7.7M	-1.08B	-4.5M	0.49	3.00	6,394	3,115	30,210	18,777
2021-07-08	$1034.80	$800.00	193.9%	47.5%	152.3%	82.2%	171.9%	-35.7%	-15.1%	14.6M	-1.74B	-4.7M	0.26	3.27	26,969	7,109	31,250	19,315
2021-07-09	$986.80	$800.00	175.6%	45.7%	154.1%	69.8%	162.2%	-31.3%	-22.9%	19.6M	-1.49B	-4.7M	0.44	3.17	22,549	9,928	34,093	21,160
2021-07-12	$806.00	$800.00	132.5%	37.0%	172.6%	40.7%	133.8%	-13.8%	-4.2%	4.2M	-683.8M	-4.0M	0.56	3.38	25,284	14,095	30,526	20,586
2021-07-13	$753.20	$800.00	127.5%	35.1%	173.9%	37.3%	127.0%	-17.5%	-4.1%	1.2M	-437.0M	-4.0M	0.47	3.23	14,522	6,872	34,739	23,452
2021-07-14	$660.20	$840.00	127.0%	34.9%	179.4%	36.9%	126.4%	-16.1%	-5.6%	-2.2M	-62.9M	-3.6M	0.68	3.26	15,448	10,451	35,933	24,418
2021-07-15	$634.80	$840.00	114.5%	32.0%	179.6%	28.5%	116.3%	-9.0%	-3.7%	-2.2M	27.3M	-3.5M	0.71	6.64	10,929	7,761	37,746	25,390
2021-07-16	$605.80	$800.00	108.0%	30.3%	178.9%	24.1%	111.4%	-10.5%	-5.0%	-6.2M	110.6M	-3.3M	0.72	3.22	9,950	7,157	38,517	25,677
2021-07-19	$645.60	$800.00	116.9%	33.2%	180.8%	30.1%	119.4%	-10.0%	-3.1%	2.6M	-242.7M	-3.6M	0.46	3.60	10,799	4,950	23,355	15,138
2021-07-20	$646.40	$760.00	110.0%	31.4%	180.7%	25.5%	112.5%	-9.2%	-0.2%	3.3M	-247.2M	-3.6M	0.66	3.94	6,898	4,533	25,246	16,367
2021-07-21	$665.40	$740.00	102.4%	29.4%	177.5%	20.3%	105.8%	-8.6%	-0.9%	6.5M	-337.2M	-3.7M	0.34	2.82	6,711	2,270	26,565	17,129
2021-07-22	$620.20	$740.00	99.2%	28.5%	177.8%	18.1%	104.3%	-8.3%	-0.8%	2.6M	-150.4M	-3.5M	0.48	3.41	5,021	2,405	27,082	17,229
2021-07-23	$593.00	$720.00	97.8%	28.1%	178.2%	17.2%	103.5%	-5.8%	-1.9%	-1.2M	-41.2M	-3.3M	0.61	6.78	5,749	3,527	27,823	17,583
2021-07-26	$613.40	$720.00	93.5%	28.2%	125.4%	14.3%	101.3%	-7.4%	-0.8%	1.5M	-165.7M	-3.3M	0.37	2.86	4,285	1,589	22,270	14,316
2021-07-27	$601.20	$720.00	98.5%	28.4%	125.3%	17.7%	103.0%	-5.4%	-3.4%	1.4M	-133.0M	-3.3M	0.89	3.86	2,315	2,057	23,125	14,938
2021-07-28	$623.80	$740.00	94.0%	27.1%	116.0%	14.6%	97.8%	-4.2%	-1.1%	4.1M	-202.2M	-3.4M	0.48	3.10	2,989	1,434	24,277	15,247
2021-07-29	$617.20	$740.00	91.1%	26.0%	116.1%	12.7%	94.1%	-3.2%	2.5%	4.4M	-162.5M	-3.3M	0.71	2.61	2,338	1,670	24,525	15,664
2021-07-30	$597.60	$740.00	91.3%	26.2%	115.7%	12.8%	95.9%	-4.3%	-0.5%	-3.6M	-78.6M	-3.1M	0.77	2.45	2,700	2,075	24,713	15,740