SPCE Options History — November 2023

In November 2023, SPCE traded between $30.00 and $45.00. ATM implied volatility averaged 94.2%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 26.7%. IV traded below realized volatility by 23.3% (HV 20d: 117.5%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2023-11-09: Highest Volume — 3,984 contracts
  • 2023-11-09: Largest IV drop — 13.3% change
  • 2023-11-02: Highest IV Rank — 35.5%
  • 2023-11-01: Largest Expected Move — 31.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.28$30.00$45.00$30.00$44.20
Max Pain$35.24$30.00$40.00$30.00$40.00
ATM IV94.2%81.4%108.8%106.8%88.3%
Expected Move26.7%22.7%31.6%31.6%25.3%
HV 20d117.5%94.1%128.4%94.1%116.6%
HV 60d93.2%75.8%99.6%75.8%99.6%
IV Rank21.0%8.5%35.5%33.5%15.3%
IV Percentile42.0%9.5%82.1%73.0%27.0%
Term Structure-1.3%-15.7%8.2%-3.1%-1.8%
VWIV93.6%79.4%107.8%105.1%90.6%
Skew 25d1.1%-9.4%10.1%1.0%-3.8%
Skew 10d5.2%-33.9%43.4%43.4%-3.4%
Call IV 25d98.8%88.1%114.1%112.7%95.6%
Put IV 25d99.9%91.3%117.2%113.6%91.8%
Bid-Ask Spread %10.735.8427.1814.3817.72
Gamma HHI0.210.160.300.160.19
Net GEX-41.2K-74.1K10.1K-27.1K-30.9K
Net DEX10.0M5.4M13.1M12.4M10.5M
Net VEX-171.9K-198.2K-131.7K-131.7K-188.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.122.092.090.12
Total Volume998.7622953,984690627
Total OI26,37224,98227,58524,98226,852

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$30.00$30.00106.8%31.6%94.1%33.5%105.1%1.0%-3.1%-27.1K12.4M-131.7K2.0914.3822346713,19011,792
2023-11-02$33.40$30.00108.8%29.9%102.1%35.5%103.1%10.1%-15.7%-55.7K10.7M-149.3K0.3118.4868021213,29012,016
2023-11-03$37.00$30.00105.5%28.4%108.1%32.1%101.4%-3.1%-10.3%-40.2K8.9M-165.2K0.359.3572024913,50712,150
2023-11-06$33.80$30.00104.1%30.4%109.1%30.8%107.8%-9.4%8.2%-39.8K11.5M-149.7K0.498.8059829413,04112,021
2023-11-07$35.00$30.00108.7%31.2%104.7%35.3%105.8%-3.5%-0.6%-39.3K11.5M-153.3K0.2112.763567513,13812,174
2023-11-08$31.20$30.00108.1%29.1%112.6%34.7%103.8%3.0%-7.7%-53.9K13.1M-135.0K0.5413.6585645913,33112,204
2023-11-09$37.00$30.0093.7%26.2%125.5%20.6%93.8%3.1%-1.3%-43.0K9.9M-162.3K0.306.043,06891613,66512,418
2023-11-10$35.80$30.0093.7%27.0%126.2%20.5%94.3%3.4%1.7%-44.3K10.3M-158.8K0.566.4555931214,44712,895
2023-11-13$38.40$30.0090.3%25.8%124.7%17.2%91.8%3.1%0.9%-24.3K10.6M-166.3K0.567.5567937713,47312,519
2023-11-14$42.40$30.0091.1%26.2%128.4%18.0%89.9%5.1%1.2%-41.8K5.4M-189.7K0.406.2992337013,79912,720
2023-11-15$44.00$40.0092.7%26.6%124.6%19.6%93.7%-3.7%-0.4%10.1K6.2M-195.1K0.3127.181,18736513,92612,912
2023-11-16$41.60$40.0084.9%24.1%126.6%11.9%85.3%-4.1%3.9%-45.2K6.9M-184.3K0.427.2453122514,19013,068
2023-11-17$44.00$40.0089.7%25.8%124.0%16.6%90.5%0.8%2.0%-27.0K6.4M-193.2K0.846.1877064414,44113,144
2023-11-20$45.00$40.0089.2%25.1%121.1%16.1%88.2%-1.4%-0.2%-11.9K8.1M-198.2K0.435.8452922813,54213,178
2023-11-21$42.60$40.0089.8%24.6%123.8%16.7%86.5%-0.7%-0.4%-42.6K9.9M-190.9K1.3515.9421028413,72513,285
2023-11-22$39.60$40.0081.4%22.7%123.0%8.5%79.4%3.2%5.8%-52.8K12.3M-179.0K0.535.8646424613,75813,322
2023-11-24$41.60$40.0088.3%24.4%122.7%15.2%86.9%5.4%-0.1%-74.1K10.2M-176.3K0.3712.1447817613,88013,433
2023-11-27$41.60$40.0087.8%25.9%117.2%14.8%88.5%7.2%-2.7%-71.9K12.6M-176.5K0.556.9719010513,15113,222
2023-11-28$42.60$40.0086.8%24.7%116.4%13.8%86.3%5.1%1.2%-69.6K11.8M-179.1K0.4310.0427511713,21313,258
2023-11-29$44.00$40.0088.2%26.4%116.5%15.1%93.4%2.0%-8.7%-40.2K10.5M-188.3K0.436.4865028013,26813,254
2023-11-30$44.20$40.0088.3%25.3%116.6%15.3%90.6%-3.8%-1.8%-30.9K10.5M-188.1K0.1217.725606713,53313,319