SPCE Options History — January 2025

In January 2025, SPCE traded between $4.50 and $6.56. ATM implied volatility averaged 94.6%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 26.2%. IV traded above realized volatility by 30.6% (HV 20d: 64.0%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.44.

Notable Days

  • 2025-01-21: Highest Volume — 39,123 contracts
  • 2025-01-22: Largest IV spike — 23.6% change
  • 2025-01-31: Highest IV Rank — 11.2%
  • 2025-01-27: Largest Expected Move — 28.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.44$4.50$6.56$6.03$4.75
Max Pain$5.35$5.00$6.00$6.00$5.00
ATM IV94.6%74.3%105.9%96.5%105.9%
Expected Move26.2%21.1%28.4%26.0%27.3%
HV 20d64.0%53.0%67.1%53.0%66.2%
HV 60d82.1%79.3%85.2%82.2%79.9%
IV Rank8.4%3.4%11.2%8.9%11.2%
IV Percentile17.2%1.6%36.5%16.7%36.5%
Term Structure-0.9%-44.0%34.9%2.8%6.2%
VWIV95.1%84.9%102.0%91.6%98.9%
Skew 25d-5.1%-35.5%31.7%-5.9%-7.8%
Skew 10d-8.4%-66.5%101.9%-20.4%-22.1%
Call IV 25d98.5%48.6%115.0%94.8%112.0%
Put IV 25d93.4%47.6%106.1%88.9%104.2%
Bid-Ask Spread %48.1930.9162.9457.8951.19
Gamma HHI0.210.140.320.190.23
Net GEX165.9K7.1K514.2K271.3K225.1K
Net DEX-1.9M-11.0M6.0M-3.0M-5.7M
Net VEX-89.3K-101.6K-79.0K-94.2K-90.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.052.780.270.29
Total Volume10,830.052,19839,1236,7417,260
Total OI128,351.282,432143,684138,407131,042

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$6.03$6.0096.5%26.0%53.0%8.9%91.6%-5.9%2.8%271.3K-3.0M-94.2K0.2757.895,3181,42385,90952,498
2025-01-03$6.56$6.0087.6%24.6%61.8%6.7%85.7%0.6%5.0%514.2K-11.0M-101.6K0.1650.6113,0532,04686,90252,893
2025-01-06$6.46$6.0094.9%26.6%58.8%8.5%97.2%-3.6%-0.7%347.3K-7.8M-98.5K0.7030.912,4051,67483,93551,452
2025-01-07$6.21$6.0097.7%26.7%60.2%9.2%100.6%-6.1%-0.8%289.2K-4.8M-94.9K0.7839.722,7162,11684,72452,571
2025-01-08$5.92$6.0093.5%26.8%62.1%8.1%96.3%0.1%1.4%172.0K6.7K-88.6K2.7847.183,98811,09086,04553,999
2025-01-10$5.87$6.0090.0%27.5%62.1%7.3%101.6%5.1%34.9%136.3K1.9M-89.1K0.2640.486,2871,62587,31056,252
2025-01-13$5.46$6.00103.0%27.7%66.5%10.5%95.2%-4.2%5.3%74.5K3.4M-82.3K0.9352.933,3923,14582,29654,160
2025-01-14$5.36$5.0096.1%27.1%66.5%8.8%94.8%-3.1%-1.2%48.8K4.4M-83.0K0.1533.181,91128783,85056,320
2025-01-15$5.29$5.0086.8%24.6%66.1%6.5%86.1%-1.9%-1.7%16.1K6.0M-79.9K0.1942.954,96792884,28156,364
2025-01-16$5.29$5.0087.8%24.0%65.9%6.7%89.8%31.7%-8.1%14.0K5.7M-81.0K0.3743.732,07676886,28856,592
2025-01-17$5.14$5.0080.7%23.9%65.9%5.0%84.9%-35.5%-16.2%7.1K6.0M-79.0K0.7052.215,3943,79387,10756,577
2025-01-21$5.46$5.0074.3%21.1%65.2%3.4%95.2%-7.7%-44.0%48.1K-2.4M-84.6K0.1154.3335,2063,91740,50241,930
2025-01-22$5.37$5.0091.8%26.3%65.3%7.7%94.6%-12.4%-0.8%179.9K-5.7M-95.3K0.1042.9311,9821,20263,74145,227
2025-01-23$5.37$5.0093.5%26.4%64.7%8.1%94.6%-8.6%4.9%209.0K-5.9M-96.7K0.0552.669,88448267,19245,457
2025-01-24$5.33$5.0098.3%28.0%64.7%9.3%100.4%-12.6%-0.7%136.3K-5.0M-96.4K0.1448.6816,1152,32071,78145,714
2025-01-27$5.01$5.00102.1%28.4%67.1%10.2%99.8%-5.7%4.5%117.4K-3.7M-91.0K0.2348.4517,2803,93765,38042,659
2025-01-28$4.63$5.00102.4%27.9%65.6%10.3%97.5%-8.3%-21.6%151.9K-2.9M-86.2K0.3049.717,6362,27773,85544,017
2025-01-29$4.50$5.00105.7%27.0%65.7%11.1%96.1%-6.2%-1.1%132.5K-1.4M-83.5K0.1762.948,6741,44976,79945,188
2025-01-30$4.71$5.00102.6%25.6%65.8%10.3%102.0%-10.8%14.3%227.1K-5.1M-89.9K0.2061.085,4591,11982,92645,289
2025-01-31$4.75$5.00105.9%27.3%66.2%11.2%98.9%-7.8%6.2%225.1K-5.7M-90.4K0.2951.195,6331,62785,76145,281