SPCE Options History — January 2023

In January 2023, SPCE traded between $70.00 and $114.80. ATM implied volatility averaged 92.8%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 13.7% (HV 20d: 79.1%). Max pain ranged from $80.00 to $160.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.60.

Notable Days

  • 2023-01-13: Highest Volume — 7,387 contracts
  • 2023-01-13: Largest IV spike — 15.9% change
  • 2023-01-17: Highest IV Rank — 34.2%
  • 2023-01-17: Largest Expected Move — 30.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.02$70.00$114.80$70.00$110.60
Max Pain$99.00$80.00$160.00$160.00$100.00
ATM IV92.8%83.5%104.2%93.9%96.9%
Expected Move26.0%23.0%30.0%26.2%25.0%
HV 20d79.1%60.2%98.4%64.5%85.8%
HV 60d71.7%62.8%78.9%63.5%78.5%
IV Rank21.8%11.7%34.2%23.0%26.3%
IV Percentile44.3%13.9%81.0%48.0%61.1%
Term Structure2.8%-1.8%9.5%1.8%0.5%
VWIV97.0%85.8%109.3%96.2%102.7%
Skew 25d-0.5%-6.3%5.8%2.6%-4.8%
Skew 10d-1.9%-25.7%16.9%4.4%-11.3%
Call IV 25d100.3%85.7%118.7%101.1%107.1%
Put IV 25d99.7%89.2%112.5%103.8%102.3%
Bid-Ask Spread %5.271.7718.161.834.40
Gamma HHI0.170.100.420.190.12
Net GEX52.6K-130.9K340.6K-130.9K74.8K
Net DEX7.5M-12.5M28.4M28.4M-4.5M
Net VEX-310.0K-373.3K-222.1K-222.1K-373.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.131.480.440.62
Total Volume1,778.53947,3871,181761
Total OI22,768.3516,40128,17024,21217,140

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$70.00$160.0093.9%26.2%64.5%23.0%96.2%2.6%1.8%-130.9K28.4M-222.1K0.441.8382136014,4999,713
2023-01-04$72.60$160.0095.7%26.1%67.3%24.9%97.0%5.7%1.8%-84.9K26.6M-231.7K1.441.7737854314,9419,809
2023-01-05$73.40$80.0093.3%26.5%60.2%22.3%96.9%3.0%1.4%-66.0K26.4M-232.9K1.483.7115923515,0939,811
2023-01-06$73.80$80.0083.5%24.5%60.5%11.7%91.9%3.5%-1.2%-97.8K24.1M-240.9K0.483.9237117715,1639,689
2023-01-09$78.00$80.0089.0%25.1%64.1%17.6%91.1%-3.0%-1.5%-63.4K21.7M-254.3K0.155.232,96743514,8159,495
2023-01-10$80.20$80.0087.2%24.7%65.4%15.7%90.8%4.5%-1.8%83.5K21.0M-253.5K0.334.2488329415,8759,666
2023-01-11$85.60$80.0086.8%25.6%69.8%15.2%91.1%0.6%2.9%206.8K16.6M-272.1K0.223.831,19826816,0089,708
2023-01-12$92.20$80.0085.5%25.0%75.3%13.8%89.6%5.8%3.2%340.6K10.6M-282.4K0.134.281,32416616,0639,786
2023-01-13$104.20$80.0099.1%27.8%86.2%28.6%105.8%-0.4%-1.8%71.8K-3.7M-330.4K0.3218.165,5811,80616,1109,809
2023-01-17$111.60$100.00104.2%30.0%83.2%34.2%109.3%-6.3%0.7%265.7K-7.8M-349.2K0.724.442,0351,45916,3519,634
2023-01-18$97.20$100.0099.0%28.4%98.4%28.5%106.1%-1.4%6.8%30.8K10.1M-323.7K0.574.221,48385116,86010,337
2023-01-19$97.80$100.0099.7%28.1%91.6%29.2%102.7%-3.5%9.5%-13.2K8.8M-327.3K1.475.718061,18616,97310,640
2023-01-20$103.80$100.0098.7%27.5%91.4%28.2%99.9%-0.1%8.7%10.8K3.8M-344.9K0.394.811,38753816,92811,242
2023-01-23$105.80$100.0090.5%26.0%91.4%19.3%103.9%-3.0%2.4%78.4K-4.4M-354.8K0.794.566264937,9018,500
2023-01-24$105.80$100.0087.9%25.3%90.7%16.4%92.2%-4.1%4.2%62.0K-4.3M-352.8K0.464.459554378,1838,781
2023-01-25$107.40$100.0085.3%25.0%90.1%13.6%91.6%-0.2%5.1%82.2K-4.3M-361.2K0.7311.504173068,4449,008
2023-01-26$106.80$100.0091.0%23.0%79.3%19.8%85.8%-1.1%5.9%89.1K-3.4M-354.9K0.543.914462438,5279,157
2023-01-27$114.80$100.0093.1%24.9%81.0%22.1%97.7%-3.0%6.3%77.0K-12.5M-370.5K0.375.051,6406078,6109,249
2023-01-30$108.80$100.0096.6%25.6%85.9%25.9%97.4%-5.8%2.0%35.0K-2.4M-366.6K0.425.346532758,2508,599
2023-01-31$110.60$100.0096.9%25.0%85.8%26.3%102.7%-4.8%0.5%74.8K-4.5M-373.3K0.624.404702918,3888,752