SPCE Options History — February 2023

In February 2023, SPCE traded between $100.00 and $126.60. ATM implied volatility averaged 105.0%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 30.1%. IV traded above realized volatility by 15.9% (HV 20d: 89.1%). Max pain ranged from $100.00 to $120.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.49.

Notable Days

  • 2023-02-02: Highest Volume — 4,284 contracts
  • 2023-02-02: Largest IV spike — 18.7% change
  • 2023-02-23: Highest IV Rank — 43.0%
  • 2023-02-21: Largest Expected Move — 33.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$114.18$100.00$126.60$113.20$115.00
Max Pain$118.95$100.00$120.00$100.00$120.00
ATM IV105.0%89.2%112.3%89.2%100.8%
Expected Move30.1%23.7%33.2%23.7%30.8%
HV 20d89.1%80.2%100.7%85.7%85.6%
HV 60d80.2%75.8%83.7%78.6%82.8%
IV Rank35.0%17.8%43.0%17.8%30.5%
IV Percentile82.4%29.4%98.4%29.4%71.0%
Term Structure-2.8%-46.9%10.7%2.2%-4.5%
VWIV112.1%87.8%121.4%87.8%121.4%
Skew 25d-10.2%-53.7%15.7%-3.9%-0.3%
Skew 10d-24.0%-81.5%45.0%-4.7%-33.1%
Call IV 25d121.2%98.7%167.0%98.7%104.3%
Put IV 25d110.9%94.8%118.1%94.8%104.0%
Bid-Ask Spread %7.593.1816.705.0311.63
Gamma HHI0.140.090.520.130.11
Net GEX97.4K-670.5K489.0K102.6K123.1K
Net DEX-8.7M-26.6M6.4M-5.2M-5.9M
Net VEX-394.6K-431.5K-360.6K-376.4K-392.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.140.980.400.46
Total Volume1,582.0536064,2846061,905
Total OI18,58017,33720,11217,43018,290

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$113.20$100.0089.2%23.7%85.7%17.8%87.8%-3.9%2.2%102.6K-5.2M-376.4K0.405.034331738,4588,972
2023-02-02$125.00$120.00105.8%29.1%89.7%36.0%112.2%-14.0%-0.8%313.3K-20.5M-416.5K0.143.693,7625228,6249,045
2023-02-03$121.00$120.00105.9%29.4%92.1%36.0%115.4%-11.5%-3.0%489.0K-18.0M-415.8K0.303.631,6204919,6009,258
2023-02-06$119.40$120.00111.1%30.9%92.8%41.6%112.0%-15.1%-3.3%226.2K-15.7M-415.6K0.983.601,4261,3929,2038,803
2023-02-07$118.40$120.00107.7%30.4%92.7%38.0%112.0%-11.4%-1.7%137.7K-11.4M-423.0K0.564.237814369,5799,352
2023-02-08$112.40$120.00108.2%30.4%96.2%38.5%118.8%-13.1%-1.4%27.5K-6.3M-401.7K0.273.715671549,6919,439
2023-02-09$103.40$120.00105.3%30.0%100.7%35.4%113.5%-12.9%0.7%-164.1K3.4M-367.9K0.443.677363269,8499,458
2023-02-10$100.00$120.00102.5%28.8%98.7%32.4%106.3%-11.4%-3.1%-670.5K6.4M-360.6K0.976.2264462410,0149,485
2023-02-13$103.40$120.00105.3%30.2%89.2%35.4%119.0%-7.9%-0.5%-36.6K780.8K-365.6K0.603.186984169,2208,992
2023-02-14$106.00$120.00103.9%29.9%86.0%33.8%107.4%0.4%-0.8%-51.7K-814.4K-368.4K0.673.935073419,5309,160
2023-02-15$119.80$120.00107.3%30.8%81.1%37.6%112.2%-6.0%1.7%251.5K-17.0M-415.7K0.2012.462,1814359,6769,364
2023-02-16$120.80$120.00108.9%31.0%81.1%39.2%112.2%-8.2%3.3%484.5K-19.3M-419.1K0.198.361,81034710,2219,552
2023-02-17$126.60$120.00107.8%30.5%80.2%38.1%111.4%-9.3%3.2%247.7K-26.6M-431.5K0.198.371,54929510,4319,681
2023-02-21$115.20$120.0099.8%33.2%88.2%29.4%117.3%-53.7%10.7%115.9K-8.2M-397.4K0.6715.798155458,9848,698
2023-02-22$115.60$120.00105.0%30.8%88.2%35.1%111.3%-17.9%-1.8%148.5K-8.5M-394.5K0.3916.705262039,2398,888
2023-02-23$115.00$120.00112.3%30.8%88.1%43.0%111.4%-22.2%-3.0%194.5K-9.1M-395.9K0.3313.826302059,4968,954
2023-02-24$109.20$120.00101.4%30.2%90.3%31.1%111.0%15.7%-3.5%-105.4K-1.6M-371.1K0.747.446444799,5068,971
2023-02-27$110.00$120.00105.9%30.6%86.3%36.0%116.5%7.9%-46.9%16.1K-2.4M-368.7K0.768.808206218,7278,610
2023-02-28$115.00$120.00100.8%30.8%85.6%30.5%121.4%-0.3%-4.5%123.1K-5.9M-392.0K0.4611.631,3046019,2539,037