SPCE Options History — April 2023

In April 2023, SPCE traded between $62.60 and $77.60. ATM implied volatility averaged 106.0%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 29.9%. IV traded above realized volatility by 22.9% (HV 20d: 83.1%). Max pain ranged from $80.00 to $120.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.66.

Notable Days

2023-04-04: Highest Volume — 2,575 contracts
2023-04-04: Largest IV spike — 19.0% change
2023-04-26: Highest IV Rank — 45.1%
2023-04-10: Largest Expected Move — 33.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$68.72	$62.60	$77.60	$77.60	$72.40
Max Pain	$86.32	$80.00	$120.00	$120.00	$80.00
ATM IV	106.0%	84.4%	114.3%	84.4%	110.3%
Expected Move	29.9%	22.5%	33.2%	22.5%	30.8%
HV 20d	83.1%	61.0%	94.9%	61.0%	94.9%
HV 60d	91.7%	89.1%	96.5%	91.6%	91.3%
IV Rank	36.2%	12.6%	45.1%	12.6%	40.8%
IV Percentile	84.1%	18.3%	99.2%	18.3%	94.4%
Term Structure	0.1%	-7.9%	23.8%	3.5%	-7.9%
VWIV	111.7%	81.5%	130.1%	81.5%	115.0%
Skew 25d	-0.4%	-5.2%	4.5%	1.5%	2.4%
Skew 10d	5.4%	-7.4%	29.8%	8.5%	11.9%
Call IV 25d	113.6%	93.1%	120.0%	93.1%	114.4%
Put IV 25d	113.1%	94.5%	120.8%	94.5%	116.8%
Bid-Ask Spread %	6.66	2.67	15.17	9.20	15.17
Gamma HHI	0.25	0.17	0.37	0.20	0.23
Net GEX	-78.2K	-260.2K	131.9K	-260.2K	-34.7K
Net DEX	16.4M	6.9M	23.8M	21.9M	6.9M
Net VEX	-274.0K	-299.3K	-236.6K	-265.2K	-299.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.20	2.40	0.28	0.58
Total Volume	1,157.737	507	2,575	1,199	809
Total OI	20,997	18,349	22,649	19,453	20,052

Daily Data (19 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
2023-04-03	$77.60	$120.00	84.4%	22.5%	61.0%	12.6%	81.5%	1.5%	3.5%	-260.2K	21.9M	-265.2K	0.28	9.20	937	262	9,256	10,197
2023-04-04	$68.40	$120.00	100.4%	25.9%	72.3%	30.0%	96.8%	4.2%	2.4%	-141.9K	21.3M	-236.6K	0.78	5.30	1,443	1,132	9,677	9,890
2023-04-05	$63.40	$120.00	102.8%	26.3%	72.7%	32.6%	100.2%	1.4%	2.3%	-188.2K	23.8M	-243.9K	0.84	2.67	911	767	10,355	10,549
2023-04-06	$63.40	$80.00	103.1%	30.2%	71.7%	33.0%	113.0%	-4.7%	6.8%	-185.3K	23.7M	-260.9K	1.29	6.55	580	751	10,718	11,016
2023-04-10	$69.60	$80.00	112.1%	33.2%	82.8%	42.8%	117.2%	0.6%	2.4%	-152.3K	18.5M	-284.8K	0.39	5.89	1,472	572	10,286	10,803
2023-04-11	$71.60	$80.00	111.1%	30.1%	82.4%	41.6%	111.3%	0.6%	-6.7%	-77.9K	17.2M	-295.6K	0.32	5.79	635	203	10,888	11,159
2023-04-12	$65.40	$80.00	107.9%	30.1%	86.3%	38.2%	108.9%	-0.5%	-4.4%	-148.9K	20.8M	-272.3K	0.23	5.45	1,238	281	11,097	11,252
2023-04-13	$69.20	$80.00	105.2%	30.8%	87.5%	35.2%	117.2%	-3.7%	3.3%	-84.5K	19.2M	-278.0K	0.61	7.62	575	349	11,289	11,263
2023-04-14	$66.00	$80.00	109.1%	30.1%	87.9%	39.5%	110.2%	-4.2%	-4.1%	-148.7K	18.9M	-274.9K	0.42	6.57	550	234	11,527	11,122
2023-04-17	$69.60	$80.00	107.6%	31.1%	85.1%	37.9%	124.0%	-2.7%	-4.1%	-103.8K	18.3M	-279.8K	0.27	6.17	939	255	10,888	10,793
2023-04-18	$70.00	$80.00	107.8%	31.0%	85.3%	38.1%	116.4%	-4.7%	-2.6%	-28.3K	17.9M	-277.5K	1.15	6.11	373	427	11,359	10,957
2023-04-19	$72.60	$80.00	102.4%	29.4%	86.6%	32.2%	112.3%	-4.9%	1.2%	27.1K	11.2M	-286.5K	0.26	5.49	402	105	11,494	10,620
2023-04-20	$71.60	$80.00	103.6%	29.7%	84.8%	33.5%	112.2%	-5.2%	-0.8%	89.5K	12.0M	-283.1K	0.66	7.69	472	311	11,671	10,656
2023-04-21	$69.60	$80.00	109.5%	32.2%	84.1%	39.9%	114.8%	2.4%	-5.6%	131.9K	13.9M	-275.2K	2.40	4.48	410	985	11,687	10,606
2023-04-24	$68.40	$80.00	104.8%	29.4%	83.6%	34.8%	109.2%	2.4%	-2.5%	-30.8K	10.2M	-274.4K	0.47	5.50	386	180	9,298	9,051
2023-04-25	$62.60	$80.00	110.3%	31.7%	88.2%	40.8%	113.3%	0.9%	23.8%	-99.8K	13.0M	-255.5K	0.84	7.09	465	391	9,489	9,198
2023-04-26	$64.20	$80.00	114.3%	32.9%	88.4%	45.1%	118.1%	1.3%	-3.9%	-65.5K	12.1M	-270.9K	0.55	7.92	716	395	9,691	9,480
2023-04-27	$70.00	$80.00	108.1%	31.5%	93.9%	38.4%	130.1%	4.5%	-0.7%	16.6K	10.0M	-290.8K	0.20	5.81	907	177	9,822	9,787
2023-04-28	$72.40	$80.00	110.3%	30.8%	94.9%	40.8%	115.0%	2.4%	-7.9%	-34.7K	6.9M	-299.3K	0.58	15.17	514	295	10,260	9,792