SPCE Options History — December 2023

In December 2023, SPCE traded between $38.00 and $53.80. ATM implied volatility averaged 93.1%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 25.7%. IV traded below realized volatility by 18.6% (HV 20d: 111.7%). Max pain ranged from $40.00 to $80.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.41.

Notable Days

  • 2023-12-14: Highest Volume — 2,667 contracts
  • 2023-12-04: Largest IV spike — 10.8% change
  • 2023-12-27: Highest IV Rank — 27.1%
  • 2023-12-07: Largest Expected Move — 27.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.71$38.00$53.80$46.80$48.80
Max Pain$78.00$40.00$80.00$40.00$80.00
ATM IV93.1%87.1%102.6%87.9%95.3%
Expected Move25.7%24.7%27.2%24.7%24.8%
HV 20d111.7%103.3%131.5%112.9%110.9%
HV 60d105.9%99.8%107.5%99.8%106.9%
IV Rank17.7%11.3%27.1%14.8%19.6%
IV Percentile35.9%19.0%56.7%24.2%40.1%
Term Structure0.8%-7.3%10.7%-3.7%1.0%
VWIV96.6%91.6%102.7%93.1%94.9%
Skew 25d-5.0%-11.7%3.2%-7.4%-4.9%
Skew 10d1.7%-16.6%86.5%11.0%2.8%
Call IV 25d103.3%94.6%110.3%94.6%103.0%
Put IV 25d98.3%87.2%107.4%87.2%98.1%
Bid-Ask Spread %5.611.719.086.772.45
Gamma HHI0.210.130.580.210.17
Net GEX31.4K-74.0K406.1K4.7K-12.9K
Net DEX7.3M3.0M12.9M8.0M9.9M
Net VEX-195.8K-215.0K-165.7K-194.6K-195.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.141.550.180.35
Total Volume1,0593222,667607862
Total OI27,454.4526,43128,28827,00128,288

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$46.80$40.0087.9%24.7%112.9%14.8%93.1%-7.4%-3.7%4.7K8.0M-194.6K0.186.775129513,67513,326
2023-12-04$38.40$80.0097.4%26.1%131.5%24.2%96.5%3.2%-1.7%-66.9K12.8M-167.7K0.527.2079841413,42313,008
2023-12-05$38.00$80.0094.9%25.0%127.1%21.7%91.6%-2.9%-0.5%-74.0K12.9M-165.7K0.301.7133610113,72413,196
2023-12-06$40.80$80.0092.3%26.1%128.8%16.6%96.1%-2.5%-2.5%-54.6K12.7M-173.1K0.597.7467039813,79213,204
2023-12-07$44.20$80.0096.9%27.2%122.6%21.2%95.8%2.4%-1.2%-29.0K10.3M-183.8K0.687.5845730913,97313,337
2023-12-08$46.60$80.0091.8%26.1%109.6%16.0%94.5%-3.1%3.7%3.4K7.6M-192.6K0.217.9476116014,14713,356
2023-12-11$46.60$80.0096.7%25.9%108.4%21.0%93.3%-9.6%-7.3%20.6K7.3M-186.9K0.461.7942119313,73613,130
2023-12-12$44.80$80.0093.2%26.8%107.7%17.5%91.8%-3.3%0.2%-5.6K9.4M-186.4K0.158.563244713,89713,248
2023-12-13$49.00$80.0091.2%26.3%106.7%15.5%95.5%-6.2%1.0%74.1K5.5M-196.3K1.552.277331,13213,96813,262
2023-12-14$50.80$80.0092.0%25.4%106.7%16.3%98.7%-5.3%-3.5%143.7K3.2M-209.1K0.282.702,08158614,14313,424
2023-12-15$50.00$80.0088.3%24.9%104.5%12.5%98.4%-7.4%-0.7%406.1K3.8M-205.5K0.148.751,26717714,54113,594
2023-12-18$49.20$80.0088.5%25.3%103.3%12.7%97.7%-7.0%7.1%23.9K7.0M-202.8K0.167.5474112213,90413,224
2023-12-19$52.60$80.0087.1%24.8%105.4%11.3%95.6%-11.1%4.0%22.2K4.0M-215.0K0.172.7875213014,18313,278
2023-12-20$47.60$80.0088.9%25.5%110.1%13.1%98.6%-11.7%4.4%14.4K8.1M-198.3K0.327.6778825014,33613,342
2023-12-21$49.20$80.0089.8%25.3%106.4%14.1%101.1%-4.7%10.7%35.0K7.8M-203.4K0.429.082279514,45613,415
2023-12-22$52.60$80.0091.2%25.6%107.4%15.5%102.7%-9.4%5.1%34.5K3.6M-211.0K0.188.971,08219414,46913,450
2023-12-26$53.40$80.0099.7%25.7%107.4%24.1%94.4%-1.3%-0.7%11.1K3.3M-210.2K0.153.071,32020414,16613,346
2023-12-27$53.80$80.00102.6%27.1%107.3%27.1%100.3%-3.7%-1.9%30.9K3.0M-213.4K1.034.2376578914,65313,347
2023-12-28$51.00$80.0095.5%24.9%109.4%19.9%100.6%-4.5%2.2%46.9K6.7M-203.6K0.313.4467621114,66713,461
2023-12-29$48.80$80.0095.3%24.8%110.9%19.6%94.9%-4.9%1.0%-12.9K9.9M-195.6K0.352.4563722514,71613,572