SPCE Options History — March 2022

In March 2022, SPCE traded between $135.60 and $222.80. ATM implied volatility averaged 93.9%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 28.1%. IV traded below realized volatility by 28.2% (HV 20d: 122.1%). Max pain ranged from $180.00 to $300.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.61.

Notable Days

2022-03-29: Highest Volume — 11,243 contracts
2022-03-29: Largest IV spike — 14.4% change
2022-03-07: Highest IV Rank — 36.4%
2022-03-07: Largest Expected Move — 36.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$175.61	$135.60	$222.80	$185.40	$199.60
Max Pain	$245.45	$180.00	$300.00	$300.00	$180.00
ATM IV	93.9%	83.2%	110.1%	97.5%	87.1%
Expected Move	28.1%	25.3%	36.0%	28.6%	27.1%
HV 20d	122.1%	96.2%	147.0%	139.0%	96.9%
HV 60d	112.8%	106.0%	119.3%	106.3%	119.3%
IV Rank	24.1%	16.0%	36.4%	26.8%	18.9%
IV Percentile	58.4%	41.3%	85.7%	61.9%	46.8%
Term Structure	-0.2%	-6.0%	8.1%	0.8%	1.0%
VWIV	100.7%	91.6%	125.4%	100.8%	96.6%
Skew 25d	5.0%	-8.3%	16.5%	-0.8%	-5.0%
Skew 10d	11.0%	-14.8%	34.9%	0.5%	-14.8%
Call IV 25d	95.0%	83.7%	112.1%	100.6%	92.5%
Put IV 25d	100.0%	87.6%	115.8%	99.8%	87.6%
Bid-Ask Spread %	3.61	1.40	21.91	2.08	3.70
Gamma HHI	0.09	0.05	0.14	0.07	0.09
Net GEX	570.6K	-122.6K	1.6M	589.4K	1.0M
Net DEX	52.6M	-32.8M	90.3M	51.3M	22.8M
Net VEX	-965.4K	-1.3M	-714.7K	-1.0M	-1.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.20	1.40	0.73	0.66
Total Volume	3,287.304	1,593	11,243	3,259	3,080
Total OI	36,355.739	30,915	40,172	36,604	36,254

Daily Data (23 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
2022-03-01	$185.40	$300.00	97.5%	28.6%	139.0%	26.8%	100.8%	-0.8%	0.8%	589.4K	51.3M	-1.0M	0.73	2.08	1,882	1,377	22,743	13,861
2022-03-02	$190.00	$300.00	94.3%	27.9%	138.1%	24.3%	98.9%	2.5%	1.3%	824.3K	46.6M	-1.0M	0.90	1.71	1,667	1,493	22,953	13,845
2022-03-03	$164.60	$300.00	98.5%	27.7%	147.0%	27.6%	100.7%	-1.0%	0.9%	20.0K	79.9M	-922.5K	0.54	1.50	2,146	1,162	23,617	14,415
2022-03-04	$156.40	$300.00	107.4%	33.7%	143.2%	34.3%	120.0%	3.3%	0.3%	167.8K	84.4M	-877.2K	1.40	1.72	1,894	2,654	24,097	14,431
2022-03-07	$149.60	$300.00	110.1%	36.0%	141.6%	36.4%	125.4%	3.7%	-0.3%	-100.8K	83.4M	-839.5K	0.62	1.85	1,487	921	22,933	14,888
2022-03-08	$149.00	$300.00	102.4%	29.4%	140.3%	30.5%	105.3%	10.5%	2.3%	-122.6K	85.3M	-835.5K	0.98	1.40	1,717	1,675	23,265	15,055
2022-03-09	$157.20	$300.00	96.5%	29.0%	141.5%	26.1%	101.5%	10.3%	2.2%	216.3K	83.7M	-860.7K	0.51	1.73	1,630	831	23,585	14,628
2022-03-10	$151.80	$300.00	97.8%	26.7%	140.5%	27.0%	93.7%	9.2%	1.0%	180.8K	86.1M	-834.3K	0.60	1.58	1,202	721	24,080	14,831
2022-03-11	$146.60	$300.00	98.8%	26.8%	140.6%	27.8%	98.4%	7.2%	4.3%	-44.4K	87.4M	-810.0K	0.86	1.63	856	737	24,215	14,839
2022-03-14	$135.60	$300.00	108.1%	29.5%	142.0%	34.8%	109.8%	6.2%	-5.4%	-75.7K	90.3M	-714.7K	0.53	2.68	1,280	681	23,193	14,144
2022-03-15	$146.40	$300.00	103.7%	29.7%	145.1%	31.5%	109.8%	16.5%	-6.0%	127.1K	85.8M	-789.4K	0.45	2.95	1,169	529	23,597	14,197
2022-03-16	$158.60	$300.00	91.2%	27.7%	107.8%	22.0%	101.4%	13.1%	-6.0%	464.2K	80.0M	-863.8K	0.55	2.77	1,669	913	24,084	14,336
2022-03-17	$178.20	$0.00	90.2%	26.6%	115.7%	21.2%	93.5%	13.2%	-4.0%	856.2K	58.8M	-987.5K	0.44	21.91	3,506	1,551	24,605	14,530
2022-03-18	$186.80	$180.00	85.2%	26.6%	110.7%	17.4%	91.6%	12.5%	-5.8%	1.1M	52.2M	-980.4K	0.44	3.12	3,436	1,500	25,265	14,907
2022-03-21	$186.40	$180.00	83.2%	26.1%	107.2%	16.0%	93.0%	7.1%	0.5%	719.6K	31.9M	-993.1K	0.53	3.43	1,608	860	19,245	11,670
2022-03-22	$192.40	$180.00	84.2%	25.3%	103.7%	16.7%	94.5%	4.6%	-0.3%	865.0K	26.7M	-1.0M	0.60	3.25	2,167	1,302	19,634	12,016
2022-03-23	$192.80	$180.00	84.2%	26.3%	103.6%	16.7%	93.3%	3.7%	-0.9%	985.4K	22.7M	-1.1M	0.70	3.77	1,347	940	20,436	12,628
2022-03-24	$193.20	$180.00	85.3%	26.3%	96.5%	17.5%	94.3%	4.4%	-2.5%	994.8K	25.8M	-1.0M	0.63	6.28	1,087	688	20,699	12,891
2022-03-25	$187.40	$180.00	84.0%	27.0%	97.1%	16.6%	93.8%	3.4%	-1.9%	632.4K	36.2M	-979.0K	0.48	3.59	1,389	666	20,918	13,123
2022-03-28	$194.20	$180.00	85.7%	27.3%	96.2%	17.8%	94.9%	-0.3%	8.1%	706.7K	29.7M	-1.0M	0.28	3.46	2,650	742	19,841	12,425
2022-03-29	$222.80	$180.00	98.0%	29.4%	106.6%	27.2%	103.9%	-8.3%	5.8%	1.4M	-32.8M	-1.3M	0.20	3.67	9,403	1,840	20,793	12,727
2022-03-30	$214.00	$180.00	86.9%	26.4%	107.8%	18.7%	100.4%	-2.1%	-0.4%	1.6M	-8.6M	-1.2M	0.46	3.29	2,426	1,127	22,381	13,362
2022-03-31	$199.60	$180.00	87.1%	27.1%	96.9%	18.9%	96.6%	-5.0%	1.0%	1.0M	22.8M	-1.1M	0.66	3.70	1,858	1,222	22,517	13,737