SPCE Options History — February 2024

In February 2024, SPCE traded between $33.00 and $38.80. ATM implied volatility averaged 114.0%, placing in the 38.7% IV rank vs the trailing year. The 30-day expected move averaged 34.0%. IV traded above realized volatility by 43.0% (HV 20d: 71.0%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.34.

Notable Days

  • 2024-02-27: Highest Volume — 2,515 contracts
  • 2024-02-13: Largest IV spike — 14.4% change
  • 2024-02-27: Highest IV Rank — 53.1%
  • 2024-02-27: Largest Expected Move — 46.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.72$33.00$38.80$35.80$34.60
Max Pain$47.50$40.00$50.00$50.00$40.00
ATM IV114.0%105.2%128.2%112.3%110.0%
Expected Move34.0%29.6%46.7%29.6%32.5%
HV 20d71.0%51.4%93.9%52.9%93.9%
HV 60d85.8%80.0%94.1%94.1%88.0%
IV Rank38.7%29.7%53.1%36.9%34.6%
IV Percentile85.7%65.1%96.8%91.3%81.0%
Term Structure0.6%-12.9%54.1%-2.2%-0.4%
VWIV121.7%108.5%166.6%111.8%110.7%
Skew 25d13.7%-0.1%30.2%12.9%-0.1%
Skew 10d32.7%14.3%60.6%30.1%15.8%
Call IV 25d114.2%106.6%127.9%114.5%111.4%
Put IV 25d127.9%111.3%144.6%127.5%111.3%
Bid-Ask Spread %11.404.0330.5617.6521.50
Gamma HHI0.450.310.530.470.52
Net GEX-93.9K-118.9K-32.9K-96.5K-118.9K
Net DEX7.7M3.9M9.2M8.4M6.8M
Net VEX-137.0K-149.4K-127.0K-143.2K-127.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.100.560.100.33
Total Volume528.851392,515363355
Total OI17,860.0517,25118,78318,06118,694

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$35.80$50.00112.3%29.6%52.9%36.9%111.8%12.9%-2.2%-96.5K8.4M-143.2K0.1017.65329346,69611,365
2024-02-02$35.00$50.00124.1%34.4%51.4%48.9%117.6%13.0%1.9%-98.9K8.5M-139.0K0.404.1399406,72711,372
2024-02-05$33.40$50.00125.8%34.5%52.5%50.6%114.0%22.1%-5.0%-108.1K9.2M-132.5K0.214.92450966,18111,090
2024-02-06$35.80$50.00111.0%31.1%59.7%35.6%111.1%21.9%-3.2%-100.8K8.3M-139.4K0.3311.763351106,41511,127
2024-02-07$35.40$50.00112.3%30.7%58.8%36.9%108.5%14.6%-3.4%-95.6K8.1M-137.8K0.5410.0595516,62611,180
2024-02-08$35.40$50.00105.2%30.0%58.4%29.7%117.0%6.4%1.3%-93.4K7.8M-138.6K0.255.51113296,66911,191
2024-02-09$35.80$50.00106.7%29.7%56.9%31.2%108.5%12.3%-3.8%-95.3K8.3M-137.5K0.225.68155356,69811,195
2024-02-12$37.60$50.00106.3%30.3%59.8%30.8%113.1%17.4%-1.8%-78.3K7.5M-144.9K0.568.472771556,40011,096
2024-02-13$34.20$50.00121.6%34.8%64.0%46.4%122.9%10.3%2.4%-110.7K8.9M-132.2K0.465.31187866,55111,214
2024-02-14$38.80$50.00115.8%33.2%79.6%40.5%114.2%20.0%-5.9%-38.9K6.7M-146.1K0.344.034351476,62611,193
2024-02-15$38.40$50.00114.6%33.2%79.6%39.2%117.2%21.9%-5.1%-32.9K6.7M-145.3K0.154.29345526,85811,286
2024-02-16$37.40$50.00111.6%32.7%80.0%36.2%117.1%11.6%-7.1%-92.6K6.2M-149.4K0.374.41212786,98511,289
2024-02-20$36.20$50.00111.5%33.1%76.1%36.0%125.7%14.1%-1.1%-105.8K7.6M-135.6K0.367.362811026,18311,068
2024-02-21$35.40$50.00108.6%33.6%75.8%33.2%128.1%11.3%1.7%-113.5K8.4M-133.9K0.269.33245656,33711,100
2024-02-22$33.00$50.00109.1%36.4%78.0%33.6%130.6%6.3%17.2%-117.0K8.7M-127.8K0.434.11204876,44911,124
2024-02-23$33.00$40.00108.1%40.7%78.1%32.6%140.5%30.2%54.1%-107.3K8.3M-129.7K0.4925.124222076,54711,133
2024-02-26$35.40$40.00122.5%39.7%81.9%47.2%145.2%8.8%-5.3%-99.6K8.1M-127.2K0.1730.568421426,49711,080
2024-02-27$38.80$40.00128.2%46.7%88.6%53.1%166.6%11.7%-12.9%-58.5K3.9M-143.8K0.2914.671,9445716,99411,182
2024-02-28$35.00$40.00115.8%33.8%93.8%40.5%113.5%7.0%-8.4%-116.3K7.0M-129.0K0.4829.227873787,24611,537
2024-02-29$34.60$40.00110.0%32.5%93.9%34.6%110.7%-0.1%-0.4%-118.9K6.8M-127.0K0.3321.50266897,22811,466