SPCE Options History — March 2023

In March 2023, SPCE traded between $78.00 and $109.80. ATM implied volatility averaged 85.6%, placing in the 13.9% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded below realized volatility by 12.0% (HV 20d: 97.7%). Max pain ranged from $120.00 to $140.00. Net GEX was positive for 4 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.87.

Notable Days

  • 2023-03-01: Highest Volume — 2,373 contracts
  • 2023-03-20: Largest IV drop — 8.5% change
  • 2023-03-17: Highest IV Rank — 25.5%
  • 2023-03-17: Largest Expected Move — 27.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.77$78.00$109.80$95.80$80.00
Max Pain$126.09$120.00$140.00$120.00$120.00
ATM IV85.6%77.8%96.2%84.8%83.7%
Expected Move24.4%21.8%27.9%24.6%22.3%
HV 20d97.7%60.8%110.7%107.7%60.8%
HV 60d91.9%90.7%93.4%90.9%91.4%
IV Rank13.9%5.4%25.5%13.1%11.9%
IV Percentile22.5%2.0%61.1%17.9%15.5%
Term Structure1.7%-8.9%9.0%7.3%7.1%
VWIV90.8%79.0%104.6%89.2%79.0%
Skew 25d2.8%-4.7%26.4%2.0%1.8%
Skew 10d13.9%-13.9%64.4%-9.2%46.2%
Call IV 25d90.7%84.4%98.1%92.4%90.4%
Put IV 25d93.5%83.6%113.2%94.5%92.2%
Bid-Ask Spread %6.943.7118.208.265.07
Gamma HHI0.180.110.330.180.18
Net GEX-143.5K-304.2K367.3K-221.8K-228.5K
Net DEX11.6M-4.1M20.7M12.0M18.8M
Net VEX-310.3K-373.9K-259.6K-329.4K-272.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.252.630.502.63
Total Volume916.3483302,3732,3731,776
Total OI18,794.08717,55719,98519,01119,322

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$95.80$120.0084.8%24.6%107.7%13.1%89.2%2.0%7.3%-221.8K12.0M-329.4K0.508.261,5787959,6919,320
2023-03-02$102.80$120.0083.4%21.9%110.7%11.6%80.2%-2.7%4.0%-8.1K5.3M-344.3K0.6712.9578852910,2689,478
2023-03-03$109.80$120.0077.8%21.8%107.2%5.4%82.7%-2.1%-2.7%367.3K-4.1M-373.9K0.413.711,05343110,4529,533
2023-03-06$107.80$140.0083.0%24.1%106.8%11.1%86.4%-1.4%-1.3%24.6K-1.3M-371.4K0.515.617383749,2639,061
2023-03-07$106.80$140.0081.2%23.8%106.8%9.1%89.9%-3.7%0.3%11.9K-967.0K-370.9K1.585.452343689,5499,240
2023-03-08$109.20$140.0079.6%24.2%107.2%7.3%89.8%-0.6%-2.1%37.9K-207.4K-365.2K0.794.532962339,5899,318
2023-03-09$102.20$140.0082.4%24.1%108.2%10.4%91.4%-4.7%-2.1%-176.5K5.1M-343.4K0.784.863512749,6389,347
2023-03-10$99.20$140.0084.9%23.9%104.6%13.2%92.9%-1.4%1.6%-304.2K9.2M-330.7K0.896.535084539,7129,289
2023-03-13$102.60$140.0087.8%24.8%104.7%16.3%99.4%3.7%0.9%-90.2K6.1M-339.3K0.415.285482259,2028,891
2023-03-14$99.40$140.0081.9%24.4%104.6%9.9%94.0%26.4%2.1%-128.8K8.7M-331.4K0.614.792801709,3528,964
2023-03-15$91.80$120.0087.8%25.7%107.5%16.3%94.1%6.9%2.4%-184.3K13.3M-309.4K0.843.974213559,4089,060
2023-03-16$92.40$120.0090.1%24.6%96.3%18.8%88.4%11.2%-6.5%-203.5K13.3M-305.2K0.516.216083129,5169,063
2023-03-17$83.40$120.0096.2%27.9%101.0%25.5%104.6%14.0%5.0%-146.8K17.3M-281.3K1.136.615336039,7139,115
2023-03-20$82.20$120.0088.1%25.1%98.0%16.6%89.7%0.1%1.6%-193.8K16.1M-272.6K1.115.984404918,7168,841
2023-03-21$82.80$120.0086.3%24.6%94.6%14.6%87.3%-1.4%7.5%-217.5K16.4M-279.1K2.018.333677378,8999,172
2023-03-22$78.40$120.0088.4%25.3%95.2%17.0%91.5%-2.3%-8.9%-267.7K20.0M-270.9K0.7513.284103099,0469,659
2023-03-23$80.80$120.0091.0%25.9%96.7%19.7%98.6%3.9%9.0%-235.6K18.3M-274.1K0.7718.206845239,2129,572
2023-03-24$82.40$120.0088.2%25.2%96.7%16.7%95.3%3.4%-0.6%-217.8K16.9M-283.9K1.397.562493469,5649,737
2023-03-27$81.60$120.0083.8%24.6%96.4%12.0%89.6%0.3%-0.9%-228.5K18.0M-281.0K0.315.28280869,0669,600
2023-03-28$78.00$120.0086.0%24.4%94.3%14.3%92.4%4.6%5.8%-234.9K20.7M-259.6K0.635.832741749,1599,621
2023-03-29$80.20$120.0085.0%23.3%73.2%13.2%88.4%1.7%7.2%-241.3K19.1M-271.2K0.254.58265659,2489,695
2023-03-30$81.00$120.0088.2%24.9%67.4%16.8%93.2%5.3%3.4%-213.1K17.9M-275.6K0.576.693441989,3929,711
2023-03-31$80.00$120.0083.7%22.3%60.8%11.9%79.0%1.8%7.1%-228.5K18.8M-272.5K2.635.074901,2869,5469,776