SPCE Options History — March 2025

In March 2025, SPCE traded between $2.96 and $4.39. ATM implied volatility averaged 90.1%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 7.3% (HV 20d: 82.7%). Max pain ranged from $2.00 to $7.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.69.

Notable Days

  • 2025-03-19: Highest Volume — 67,477 contracts
  • 2025-03-19: Largest IV spike — 106.4% change
  • 2025-03-19: Highest IV Rank — 26.9%
  • 2025-03-06: Largest Expected Move — 29.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.50$2.96$4.39$3.47$3.02
Max Pain$4.88$2.00$7.00$5.00$4.50
ATM IV90.1%65.9%170.3%92.0%89.8%
Expected Move26.9%21.2%29.6%26.7%28.1%
HV 20d82.7%50.3%114.2%52.4%110.7%
HV 60d68.4%56.1%79.2%57.7%79.2%
IV Rank7.3%1.4%26.9%7.8%7.2%
IV Percentile14.2%0.4%94.4%12.7%13.5%
Term Structure2.9%-26.2%74.5%13.9%8.0%
VWIV94.2%78.9%107.2%98.2%95.9%
Skew 25d-0.6%-32.2%26.9%-1.6%7.2%
Skew 10d1.0%-86.3%100.8%-25.9%-33.9%
Call IV 25d88.4%55.8%107.3%102.3%87.6%
Put IV 25d87.7%52.7%108.5%100.7%94.8%
Bid-Ask Spread %38.806.9568.6816.0930.17
Gamma HHI0.260.150.820.200.20
Net GEX64.7K-276.8K259.5K71.4K-41.8K
Net DEX1.1M-9.4M8.7M952.6K7.9M
Net VEX-78.7K-92.6K-68.6K-72.9K-69.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.142.590.201.22
Total Volume14,273.7143,59967,4776,2854,857
Total OI174,616139,810213,794139,810157,602

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$3.47$5.0092.0%26.7%52.4%7.8%98.2%-1.6%13.9%71.4K952.6K-72.9K0.2016.095,2281,05786,73353,077
2025-03-04$3.44$5.0083.0%23.7%52.0%5.6%80.7%1.3%16.2%78.2K1.4M-70.5K0.1717.508,8401,52490,40353,455
2025-03-05$3.46$5.0098.5%28.6%50.4%9.3%103.5%4.2%-3.0%91.7K133.7K-74.0K0.248.9225,2136,11697,76753,995
2025-03-06$3.35$5.00100.5%29.6%50.3%9.8%104.8%9.6%-18.0%144.3K638.0K-79.1K0.286.956,8971,929109,80959,614
2025-03-07$3.44$5.0095.5%27.1%52.5%8.6%98.9%3.5%-11.9%111.3K607.6K-79.2K0.5462.492,7291,469109,85260,606
2025-03-10$2.96$5.0085.9%29.6%71.0%6.3%107.2%-10.6%-9.1%61.4K2.8M-68.6K0.1953.7613,1812,475104,56459,607
2025-03-11$3.04$5.0097.0%28.0%72.7%9.0%93.8%3.0%-12.6%77.3K2.0M-70.8K0.3960.2714,2825,577110,13460,341
2025-03-12$3.21$5.0068.0%25.0%75.5%1.9%78.9%-12.8%14.2%93.1K-2.8M-80.9K0.1454.8016,1792,229122,39060,865
2025-03-13$3.22$3.5079.7%29.2%75.4%4.7%99.7%1.2%4.2%172.8K-1.8M-74.8K0.9068.688,1347,284130,00362,141
2025-03-14$3.25$4.0083.6%21.2%73.1%5.7%94.8%26.6%26.4%142.7K-1.2M-80.2K0.4166.593,2851,342133,69768,728
2025-03-17$3.49$2.0080.9%25.6%78.3%5.0%95.0%9.1%74.5%180.0K-3.9M-75.8K1.6833.456,64411,175122,32867,383
2025-03-18$3.71$2.0082.5%25.2%79.8%5.4%94.3%26.9%10.7%153.5K-3.6M-77.6K0.7343.257,2085,257120,57677,161
2025-03-19$4.39$2.00170.3%28.0%101.7%26.9%95.9%6.1%3.6%70.8K-9.4M-91.5K0.2254.9155,41312,064116,84880,017
2025-03-20$4.28$0.0091.1%26.9%102.0%7.5%96.7%-22.8%2.5%259.5K-1.6M-90.7K0.2964.2312,5953,601124,85688,938
2025-03-21$4.05$4.5090.7%29.0%102.6%7.4%85.3%1.5%3.2%74.9K4.1M-92.6K0.8648.887,3656,325120,33892,151
2025-03-24$4.05$7.0093.9%27.1%102.4%8.2%90.2%-32.2%-22.1%-25.4K2.6M-87.2K0.759.423,4152,56277,56179,716
2025-03-25$3.84$7.0086.0%25.0%103.9%6.3%86.8%2.2%-0.6%-43.2K4.1M-84.3K0.4340.492,8131,21079,22581,324
2025-03-26$3.62$7.0065.9%27.3%105.3%1.4%90.5%-4.0%-12.0%-24.1K5.0M-83.8K0.5718.722,2921,30780,22781,353
2025-03-27$3.26$7.0088.2%28.3%111.2%6.8%93.9%-2.7%-0.8%-12.0K7.1M-76.9K1.7720.733,1915,65281,71081,669
2025-03-28$3.00$7.0068.3%27.0%114.2%2.0%93.3%-29.3%-26.2%-276.8K8.7M-72.5K2.5934.452,7407,09283,78484,388
2025-03-31$3.02$4.5089.8%28.1%110.7%7.2%95.9%7.2%8.0%-41.8K7.9M-69.7K1.2230.172,1842,67376,73180,871