SPCE Options History — May 2023

In May 2023, SPCE traded between $67.60 and $98.80. ATM implied volatility averaged 107.8%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 31.0%. IV traded above realized volatility by 20.5% (HV 20d: 87.3%). Max pain ranged from $80.00 to $80.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-05-22: Highest Volume — 2,731 contracts
  • 2023-05-10: Largest IV drop — 15.8% change
  • 2023-05-30: Highest IV Rank — 55.5%
  • 2023-05-26: Largest Expected Move — 34.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.05$67.60$98.80$71.00$69.60
Max Pain$80.00$80.00$80.00$80.00$80.00
ATM IV107.8%96.0%123.8%104.3%109.8%
Expected Move31.0%27.8%34.6%30.8%29.6%
HV 20d87.3%74.1%116.2%95.0%115.4%
HV 60d89.7%86.6%93.2%88.6%92.4%
IV Rank38.1%25.2%55.5%34.3%40.3%
IV Percentile83.0%56.7%99.6%79.8%91.7%
Term Structure-0.1%-16.3%18.0%-1.3%-8.4%
VWIV114.6%100.7%134.2%123.4%119.6%
Skew 25d-7.4%-32.1%15.1%4.6%-14.0%
Skew 10d-12.5%-81.6%23.2%11.1%-28.2%
Call IV 25d119.1%103.8%143.9%105.9%128.4%
Put IV 25d111.7%99.6%125.3%110.5%114.4%
Bid-Ask Spread %13.476.6922.858.7214.01
Gamma HHI0.200.110.480.220.22
Net GEX96.6K-55.7K468.5K-25.2K14.3K
Net DEX248.6K-17.4M13.1M9.2M6.6M
Net VEX-335.2K-393.2K-286.4K-296.2K-296.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.180.780.430.37
Total Volume1,311.4092332,731549481
Total OI20,796.95519,07623,66219,24522,158

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$71.00$80.00104.3%30.8%95.0%34.3%123.4%4.6%-1.3%-25.2K9.2M-296.2K0.438.723841659,5569,689
2023-05-02$68.40$80.00104.7%33.2%95.2%34.7%134.2%4.6%0.1%-53.5K10.9M-287.0K0.7818.343722899,6759,773
2023-05-03$68.00$80.00104.8%32.4%84.1%34.8%123.1%-2.0%-0.9%-44.9K10.4M-289.8K0.4019.60166679,7819,742
2023-05-04$69.60$80.00115.1%31.1%79.5%46.0%104.7%2.7%-16.3%-26.7K8.7M-297.1K0.528.592531319,8029,761
2023-05-05$72.00$80.00104.9%29.1%80.1%34.9%106.0%15.1%-2.3%-42.1K5.7M-312.2K0.328.723451099,8799,801
2023-05-08$82.20$80.00110.6%31.5%86.7%41.1%115.5%-9.9%2.6%18.0K625.6K-345.0K0.356.691,9096719,4979,579
2023-05-09$81.60$80.00117.7%33.9%86.5%48.8%123.8%-5.1%-1.0%54.2K-2.6M-351.7K0.256.911,79944810,3639,935
2023-05-10$83.40$80.0099.1%29.1%78.7%28.6%105.1%-2.9%0.6%209.3K-5.5M-352.2K0.258.001,88848111,14410,227
2023-05-11$81.20$80.0098.2%28.6%78.0%27.6%110.5%-6.6%0.5%208.5K-575.3K-344.5K0.408.5380532310,98810,295
2023-05-12$80.20$80.0096.0%28.4%75.6%25.2%104.6%-4.2%5.1%468.5K503.6K-336.2K0.3610.4361621911,10710,352
2023-05-15$79.60$80.0097.4%27.8%74.1%26.8%100.7%-0.9%8.9%15.2K3.5M-326.4K0.467.4253424510,1429,628
2023-05-16$85.00$80.00100.5%29.0%77.0%30.2%107.0%-7.0%-0.2%75.3K-618.1K-347.8K0.248.081,21428710,3099,978
2023-05-17$89.40$80.00104.2%29.9%77.8%34.2%105.2%-3.4%-0.1%231.4K-7.5M-370.2K0.4114.291,49461210,76910,109
2023-05-18$89.00$80.00100.0%28.0%77.4%29.6%101.9%-10.2%18.0%222.9K-6.4M-366.4K0.2014.7388517810,99910,253
2023-05-19$86.80$80.00102.0%29.3%77.2%31.7%105.5%-10.0%0.3%91.7K-2.9M-343.9K0.2511.0063816011,15810,285
2023-05-22$98.80$80.00107.1%31.1%87.0%37.3%112.4%-7.3%0.6%228.1K-14.4M-385.6K0.3119.052,09164010,4409,544
2023-05-23$98.40$80.00116.9%33.4%78.0%48.0%121.4%-19.9%-1.8%319.7K-17.4M-393.2K0.1922.851,50128011,2239,862
2023-05-24$87.60$80.00121.7%34.2%92.2%53.2%123.5%-12.4%-4.5%187.3K-6.7M-360.7K0.1817.181,10120011,79910,097
2023-05-25$81.60$80.00113.8%33.4%93.1%44.6%123.1%-24.4%1.6%49.8K-3.3M-372.4K0.2122.651,51132212,35810,272
2023-05-26$67.60$80.00118.7%34.6%115.5%49.9%130.8%-32.1%2.6%-55.7K13.1M-286.4K0.4521.751,18352913,18310,479
2023-05-30$70.20$80.00123.8%32.6%116.2%55.5%119.0%-17.6%-5.6%-21.9K4.2M-314.2K0.2118.751,09323211,5629,980
2023-05-31$69.60$80.00109.8%29.6%115.4%40.3%119.6%-14.0%-8.4%14.3K6.6M-296.3K0.3714.0135212912,07210,086