SPCE Options History — January 2024

In January 2024, SPCE traded between $35.80 and $47.40. ATM implied volatility averaged 97.9%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 29.9% (HV 20d: 68.0%). Max pain ranged from $40.00 to $80.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2024-01-18: Highest Volume — 1,650 contracts
  • 2024-01-19: Largest IV spike — 12.5% change
  • 2024-01-31: Highest IV Rank — 40.6%
  • 2024-01-31: Largest Expected Move — 28.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.71$35.80$47.40$47.00$35.80
Max Pain$48.57$40.00$80.00$80.00$40.00
ATM IV97.9%83.7%115.9%97.6%115.9%
Expected Move26.0%23.7%28.5%26.8%28.5%
HV 20d68.0%51.8%110.1%110.1%52.9%
HV 60d101.9%96.5%107.4%107.3%96.5%
IV Rank22.3%7.9%40.6%21.9%40.6%
IV Percentile47.6%11.9%94.4%45.2%94.4%
Term Structure2.8%-4.5%12.7%2.3%-3.4%
VWIV94.4%88.1%102.5%100.3%99.1%
Skew 25d7.0%-10.5%19.7%-10.5%10.2%
Skew 10d45.6%-12.8%168.9%-12.8%36.1%
Call IV 25d100.3%91.0%119.0%108.2%119.0%
Put IV 25d107.3%96.2%129.3%97.7%129.3%
Bid-Ask Spread %15.055.0033.158.036.08
Gamma HHI0.290.150.450.160.45
Net GEX-61.2K-110.7K-12.0K-12.0K-93.2K
Net DEX10.2M4.9M16.6M9.5M8.1M
Net VEX-161.8K-184.9K-143.3K-184.9K-143.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.149.740.240.14
Total Volume551.0482301,650497336
Total OI23,796.28617,04128,41727,57617,892

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$47.00$80.0097.6%26.8%110.1%21.9%100.3%-10.5%2.3%-12.0K9.5M-184.9K0.248.034009714,19913,377
2024-01-03$45.80$80.0096.3%26.2%82.5%20.6%96.2%-1.4%1.5%-33.8K11.7M-178.4K0.797.9044835314,29813,416
2024-01-04$46.80$50.0095.9%25.8%82.3%20.2%95.5%-2.2%-3.6%-23.0K10.7M-183.4K0.7929.4537930014,30313,448
2024-01-05$46.60$50.0096.6%25.4%79.3%21.0%90.6%1.3%-3.4%-25.2K11.7M-178.1K0.766.5221816614,46013,465
2024-01-08$47.40$50.0093.1%25.7%74.5%17.4%96.4%0.1%-3.2%-19.2K11.0M-176.8K0.2529.2250412713,98413,299
2024-01-09$45.40$50.0091.7%25.0%73.9%16.0%96.4%1.9%-3.9%-18.5K11.2M-174.7K0.6531.581409014,25113,340
2024-01-10$45.80$50.0091.4%25.1%74.0%15.7%91.5%2.8%-4.3%-30.8K10.6M-172.7K2.4530.4216340014,27913,224
2024-01-11$43.40$50.0091.0%25.1%75.1%15.3%88.3%2.5%-4.5%-38.5K11.8M-162.3K1.1218.4826529614,33313,220
2024-01-12$42.00$50.0088.4%24.5%67.6%12.6%91.7%1.5%-3.8%-73.5K12.5M-160.3K0.2431.193057314,42313,241
2024-01-16$39.20$50.0083.7%23.7%68.9%7.9%88.1%4.2%12.0%-108.8K14.2M-147.1K0.4319.6734915014,08313,115
2024-01-17$39.20$50.0086.3%24.7%69.0%10.5%99.4%9.8%8.9%-107.1K14.4M-145.5K1.0133.1515916114,22213,061
2024-01-18$38.80$50.0091.4%25.8%69.0%15.7%89.6%3.0%8.9%-110.7K15.0M-143.4K9.7419.841541,49614,27013,054
2024-01-19$38.40$40.00102.8%28.3%62.5%27.3%102.5%11.8%12.7%-59.6K16.6M-146.3K5.165.802301,18914,33114,086
2024-01-22$41.20$40.00101.1%26.2%61.3%25.5%91.9%19.7%10.5%-72.3K6.1M-162.7K0.306.085551665,99811,043
2024-01-23$41.80$40.00103.7%26.9%60.0%28.2%95.0%8.6%7.7%-55.0K4.9M-166.5K0.265.07220586,37411,140
2024-01-24$40.00$40.00104.7%25.5%54.2%29.2%89.6%17.8%6.6%-65.5K6.1M-162.2K0.336.38185616,48411,177
2024-01-25$39.60$40.00105.5%26.1%53.2%30.0%99.6%16.0%8.8%-67.1K5.6M-160.8K0.495.372231106,53011,190
2024-01-26$38.00$40.00104.6%26.8%53.3%29.1%94.4%18.3%2.7%-86.3K7.3M-151.0K0.535.682331236,55411,215
2024-01-29$38.00$40.00104.5%26.2%51.8%29.0%91.6%14.0%6.6%-87.8K7.2M-151.7K0.335.103041006,27811,286
2024-01-30$35.80$40.00109.9%27.3%53.3%34.5%94.9%17.3%-0.1%-96.8K8.1M-144.5K0.265.00226606,42611,353
2024-01-31$35.80$40.00115.9%28.5%52.9%40.6%99.1%10.2%-3.4%-93.2K8.1M-143.3K0.146.08295416,53511,357