SPCE Options History — March 2024

In March 2024, SPCE traded between $27.00 and $35.00. ATM implied volatility averaged 103.8%, placing in the 28.3% IV rank vs the trailing year. The 30-day expected move averaged 30.4%. IV traded above realized volatility by 15.8% (HV 20d: 88.0%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.87.

Notable Days

  • 2024-03-18: Highest Volume — 2,577 contracts
  • 2024-03-11: Largest IV spike — 15.4% change
  • 2024-03-11: Highest IV Rank — 37.9%
  • 2024-03-15: Largest Expected Move — 33.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.23$27.00$35.00$34.20$29.20
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV103.8%97.2%113.3%108.1%106.9%
Expected Move30.4%27.1%33.2%31.1%27.6%
HV 20d88.0%73.3%96.4%93.9%73.4%
HV 60d75.6%73.6%79.4%78.3%74.4%
IV Rank28.3%21.5%37.9%32.6%31.4%
IV Percentile56.8%39.3%89.7%73.0%65.9%
Term Structure8.7%-4.7%47.6%1.5%2.5%
VWIV104.8%94.8%113.0%111.2%94.8%
Skew 25d12.5%-19.6%31.1%-0.1%31.1%
Skew 10d20.3%-41.0%73.0%9.9%73.0%
Call IV 25d105.8%99.2%111.0%109.7%102.3%
Put IV 25d118.4%85.3%133.4%109.5%133.4%
Bid-Ask Spread %18.889.3827.3618.639.38
Gamma HHI0.380.280.600.590.33
Net GEX-112.6K-155.1K-67.0K-132.2K-108.3K
Net DEX8.4M6.7M9.8M7.6M8.5M
Net VEX-121.3K-135.8K-113.3K-121.5K-116.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.870.139.970.760.25
Total Volume760.752222,577362356
Total OI18,797.5517,04119,92618,73819,455

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$34.20$40.00108.1%31.1%93.9%32.6%111.2%-0.1%1.5%-132.2K7.6M-121.5K0.7618.632051577,24311,495
2024-03-04$32.00$40.00105.7%31.7%96.4%30.2%112.1%13.5%5.4%-145.5K9.0M-117.7K0.6215.732951836,30511,181
2024-03-05$32.00$40.00100.0%29.6%95.1%24.4%102.0%9.8%13.7%-154.8K8.5M-119.4K0.1427.36247356,48411,203
2024-03-06$32.40$40.0098.6%29.8%91.5%23.0%106.5%21.4%15.7%-149.6K8.5M-119.4K4.6020.733441,5836,57411,171
2024-03-07$35.00$40.0097.2%32.9%96.0%21.5%106.5%14.9%47.6%-140.1K7.3M-135.8K0.2821.15244696,74912,713
2024-03-08$34.60$40.0098.1%31.9%96.1%22.5%105.0%8.2%47.0%-67.0K6.7M-132.5K0.1916.70337626,87312,737
2024-03-11$34.60$40.00113.3%32.2%96.0%37.9%105.9%12.4%0.8%-68.2K7.9M-127.8K0.3623.84248906,59312,565
2024-03-12$33.80$40.00108.2%31.8%94.3%32.8%108.9%7.0%2.6%-155.1K8.4M-129.0K1.3219.831261676,68312,602
2024-03-13$33.80$40.00103.8%31.6%88.2%28.3%107.4%5.8%7.8%-73.8K7.4M-128.7K0.4021.26158646,75212,741
2024-03-14$32.60$40.00105.9%30.8%75.1%30.4%104.9%10.8%0.2%-81.0K7.5M-124.5K1.9521.801943776,83412,766
2024-03-15$34.20$40.00111.6%33.2%77.7%36.2%113.0%14.9%10.7%-72.7K7.9M-128.6K9.2117.011841,6986,85113,075
2024-03-18$30.00$40.00104.5%30.1%89.4%29.0%105.8%18.5%-4.7%-116.3K8.5M-119.3K4.1920.144972,0805,41711,624
2024-03-19$28.00$40.00107.4%31.0%91.5%31.9%107.7%13.3%-3.3%-125.3K9.6M-114.7K0.5621.652701525,69312,501
2024-03-20$28.40$40.00100.8%28.9%91.9%25.2%101.3%-19.6%-2.1%-117.8K8.6M-114.7K0.2319.58330775,83812,245
2024-03-21$28.40$40.00102.9%29.4%89.2%27.4%102.9%13.8%2.0%-106.6K8.7M-115.3K9.9720.962012,0065,97612,238
2024-03-22$27.60$40.0098.8%28.6%89.5%23.2%100.0%9.9%4.3%-118.4K9.8M-113.4K1.1618.853494076,04813,301
2024-03-25$27.00$40.00104.7%29.9%84.5%29.2%105.4%18.4%8.1%-111.7K9.3M-113.3K0.3720.994171545,74713,163
2024-03-26$27.60$40.0098.9%27.1%76.2%23.3%97.5%23.5%3.6%-113.2K8.8M-115.6K0.1310.89402545,94913,264
2024-03-27$29.20$40.00100.5%28.0%73.3%24.9%98.1%23.3%10.5%-95.2K8.6M-118.8K0.6111.132461506,03513,267
2024-03-28$29.20$40.00106.9%27.6%73.4%31.4%94.8%31.1%2.5%-108.3K8.5M-116.8K0.259.38285716,09713,358