SPCE Options History — July 2023

In July 2023, SPCE traded between $73.40 and $84.80. ATM implied volatility averaged 103.3%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 29.7%. IV traded below realized volatility by 17.8% (HV 20d: 121.1%). Max pain ranged from $80.00 to $100.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.43.

Notable Days

  • 2023-07-31: Highest Volume — 4,161 contracts
  • 2023-07-31: Largest IV spike — 7.2% change
  • 2023-07-10: Highest IV Rank — 35.0%
  • 2023-07-31: Largest Expected Move — 31.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.90$73.40$84.80$75.00$84.80
Max Pain$82.00$80.00$100.00$100.00$80.00
ATM IV103.3%95.3%108.3%104.2%103.5%
Expected Move29.7%27.7%31.8%28.4%31.8%
HV 20d121.1%62.0%154.1%152.4%63.6%
HV 60d115.6%113.3%118.6%118.3%114.9%
IV Rank30.0%22.2%35.0%30.9%30.2%
IV Percentile69.8%49.2%86.1%71.8%68.3%
Term Structure1.3%-4.2%6.3%5.8%-2.9%
VWIV111.6%102.2%120.4%109.8%118.7%
Skew 25d-10.3%-17.0%-4.0%-17.0%-9.6%
Skew 10d-20.5%-29.4%-11.3%-29.4%-23.0%
Call IV 25d117.3%108.0%125.1%125.1%113.5%
Put IV 25d107.0%99.6%113.1%108.1%103.9%
Bid-Ask Spread %4.282.5911.082.593.76
Gamma HHI0.160.110.260.140.12
Net GEX187.2K-61.2K586.2K-61.2K284.6K
Net DEX2.3M-13.4M13.0M11.0M-13.4M
Net VEX-375.8K-400.3K-350.6K-384.2K-400.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.201.270.500.20
Total Volume2,292.351,3324,1613,3174,161
Total OI31,056.924,86234,96433,36126,423

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$75.00$100.00104.2%28.4%152.4%30.9%109.8%-17.0%5.8%-61.2K11.0M-384.2K0.502.592,2181,09918,60214,759
2023-07-05$78.40$100.00103.5%27.7%153.2%30.2%104.2%-14.8%4.9%107.4K5.6M-383.1K0.402.922,14685019,18814,844
2023-07-06$73.80$80.00104.2%30.8%153.6%30.9%114.5%-12.5%4.9%-52.3K13.0M-368.7K0.664.491,6101,06219,90014,941
2023-07-07$73.40$80.00103.8%30.5%153.0%30.6%113.9%-11.7%4.5%-38.6K11.3M-367.9K0.963.391,4271,37020,17114,793
2023-07-10$75.00$80.00108.3%30.5%153.3%35.0%115.8%-9.4%-4.2%27.1K5.8M-371.0K0.364.201,41651217,35114,007
2023-07-11$77.60$80.00107.3%30.5%153.7%34.0%111.4%-11.8%-1.1%230.3K1.1M-384.9K0.213.781,54831918,00313,972
2023-07-12$78.00$80.00107.2%30.0%153.0%33.8%112.3%-7.5%-2.8%358.6K-186.1K-387.0K0.395.251,03539918,51113,946
2023-07-13$81.00$80.00107.6%30.4%153.6%34.3%115.0%-11.4%-2.0%586.2K-4.8M-395.0K0.215.522,53352018,71513,940
2023-07-14$75.80$80.00106.9%30.3%154.1%33.6%117.5%-13.8%-2.1%109.2K5.2M-372.3K0.233.422,93168019,01013,970
2023-07-17$75.20$80.00107.3%30.5%151.4%33.9%117.9%-10.3%0.5%93.4K5.0M-369.5K0.264.821,46738817,65313,584
2023-07-18$75.80$80.00104.3%29.8%139.2%31.0%120.4%-9.3%-0.2%191.4K4.0M-368.3K0.334.521,00332918,27113,779
2023-07-19$79.60$80.00102.9%29.5%108.0%29.7%112.3%-9.9%3.3%386.3K-2.9M-386.1K0.464.881,62374718,53413,807
2023-07-20$78.00$80.00102.5%29.3%107.1%29.3%108.2%-11.6%3.0%428.2K2.6M-371.2K0.544.3194651418,91513,969
2023-07-21$76.60$80.0099.7%28.5%106.1%26.4%107.2%-7.7%2.2%185.2K7.7M-367.9K0.463.291,42165219,02514,153
2023-07-24$75.40$80.00102.3%29.3%77.8%29.0%107.6%-4.0%-0.6%189.3K-1.8M-350.6K1.273.041,3151,66814,52310,339
2023-07-25$73.80$80.00100.5%29.2%77.2%27.3%110.6%-6.3%1.7%111.3K1.3M-364.8K0.304.111,03331415,15911,827
2023-07-26$77.60$80.0095.3%28.6%78.9%22.2%102.2%-7.3%6.3%297.8K-2.0M-376.2K0.253.381,24130815,17711,942
2023-07-27$74.80$80.0098.2%29.8%71.2%25.0%110.2%-10.3%3.2%170.5K-80.2K-363.9K0.3211.081,07734815,60511,937
2023-07-28$78.40$80.0096.5%28.5%62.0%23.4%102.4%-10.0%1.3%139.7K-2.6M-382.2K0.382.921,17544215,89212,001
2023-07-31$84.80$80.00103.5%31.8%63.6%30.2%118.7%-9.6%-2.9%284.6K-13.4M-400.3K0.203.763,46269914,85611,567