SPCE Options History — January 2022

In January 2022, SPCE traded between $159.60 and $272.00. ATM implied volatility averaged 91.5%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 25.6%. IV traded above realized volatility by 8.3% (HV 20d: 83.2%). Max pain ranged from $200.00 to $440.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.66.

Notable Days

  • 2022-01-13: Highest Volume — 12,921 contracts
  • 2022-01-13: Largest IV spike — 12.5% change
  • 2022-01-27: Highest IV Rank — 37.8%
  • 2022-01-26: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$207.03$159.60$272.00$272.00$183.00
Max Pain$275.00$200.00$440.00$440.00$200.00
ATM IV91.5%73.3%113.0%73.3%101.9%
Expected Move25.6%20.2%31.0%20.2%26.3%
HV 20d83.2%54.7%108.6%55.7%108.6%
HV 60d64.9%53.5%74.1%58.6%74.1%
IV Rank19.3%7.0%37.8%7.0%29.6%
IV Percentile51.0%14.7%80.2%14.7%69.0%
Term Structure0.3%-8.6%11.0%-1.1%-6.9%
VWIV93.2%74.3%107.6%74.3%93.9%
Skew 25d-2.3%-9.5%12.5%-2.0%-2.5%
Skew 10d-2.1%-25.4%23.2%-1.4%8.6%
Call IV 25d97.0%77.9%116.9%77.9%107.6%
Put IV 25d94.7%75.9%119.9%75.9%105.1%
Bid-Ask Spread %3.261.795.511.852.74
Gamma HHI0.110.060.390.090.08
Net GEX126.9K-565.2K655.7K471.9K481.4K
Net DEX137.3M62.9M188.0M147.2M62.9M
Net VEX-963.2K-1.2M-794.0K-1.2M-936.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.360.960.530.36
Total Volume3,957.451,91112,9212,6522,968
Total OI39,460.4527,74848,69638,96530,786

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-01-03$272.00$440.0073.3%20.2%55.7%7.0%74.3%-2.0%-1.1%471.9K147.2M-1.2M0.531.851,72892424,74014,225
2022-01-04$263.40$440.0076.0%20.7%55.8%8.7%76.6%-3.6%1.6%438.6K147.4M-1.2M0.532.201,67389125,26014,621
2022-01-05$241.00$440.0080.1%22.2%57.8%11.3%85.3%-9.5%-8.4%-216.0K170.8M-1.0M0.501.792,2031,10325,52414,955
2022-01-06$236.40$280.0081.6%23.9%54.7%12.2%91.6%-5.3%-6.0%-35.2K168.5M-1.0M0.703.822,3791,66826,13315,005
2022-01-07$251.80$280.0083.0%24.3%61.2%13.2%90.1%-6.5%2.2%371.3K149.1M-1.2M0.433.833,4731,48726,60015,257
2022-01-10$237.20$280.0087.5%25.1%63.1%16.0%92.8%-3.9%0.4%196.7K156.2M-1.1M0.934.151,02895725,91514,848
2022-01-11$247.80$280.0084.0%24.1%66.0%13.8%89.3%-4.1%0.2%481.2K147.9M-1.1M0.513.001,26964226,26515,043
2022-01-12$248.40$280.0079.8%23.2%66.1%11.1%83.1%-3.0%3.7%655.7K151.6M-1.1M0.965.511,0681,02126,61615,200
2022-01-13$200.60$280.0089.8%26.0%98.1%17.4%97.5%-7.7%0.8%-255.4K183.1M-856.4K0.743.447,4305,49126,78115,625
2022-01-14$202.40$260.0088.4%25.1%98.5%16.6%93.8%-6.9%-1.7%65.2K166.2M-980.7K0.663.204,2052,78730,38417,497
2022-01-18$188.00$260.0088.4%25.3%100.3%16.5%94.4%-4.2%7.0%103.2K176.1M-880.7K0.933.012,5762,38528,93817,019
2022-01-19$183.80$240.0085.7%24.6%100.2%14.8%91.1%-1.1%6.2%92.8K176.0M-876.8K0.893.012,0361,81829,59817,536
2022-01-20$183.00$240.0087.1%24.4%97.0%15.8%88.1%1.4%11.0%-29.5K180.5M-859.6K0.713.102,0361,44329,86918,028
2022-01-21$172.00$240.0096.2%26.8%97.4%21.5%96.6%2.9%4.1%-41.4K188.0M-817.3K0.722.972,0811,49130,16418,532
2022-01-24$169.00$240.00105.0%30.5%97.1%27.0%106.8%6.5%7.3%-5.8K70.9M-794.0K0.703.131,8661,30016,89410,854
2022-01-25$171.20$220.00109.5%29.3%98.1%29.9%102.8%-0.4%-1.1%104.2K64.2M-827.0K0.672.992,1231,42317,41411,150
2022-01-26$169.60$200.00111.0%31.0%98.0%30.9%107.2%12.5%-8.6%210.1K74.6M-849.7K0.364.893,9121,39718,71612,050
2022-01-27$159.60$200.00113.0%30.3%97.8%37.8%107.6%-6.7%-6.4%14.5K83.0M-810.4K0.823.131,09189019,61712,778
2022-01-28$160.40$200.00109.4%28.5%92.8%35.1%101.1%-1.5%1.1%-565.2K81.8M-816.1K0.563.461,8551,03119,81612,956
2022-01-31$183.00$200.00101.9%26.3%108.6%29.6%93.9%-2.5%-6.9%481.4K62.9M-936.4K0.362.742,17579318,76912,017