SPCE Options History — April 2025

In April 2025, SPCE traded between $2.34 and $3.06. ATM implied volatility averaged 101.6%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 31.5%. IV traded below realized volatility by 3.4% (HV 20d: 104.9%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2025-04-28: Highest Volume — 47,716 contracts
  • 2025-04-09: Largest IV drop — 33.9% change
  • 2025-04-16: Highest IV Rank — 13.9%
  • 2025-04-29: Largest Expected Move — 36.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.70$2.34$3.06$2.81$2.88
Max Pain$3.33$3.00$4.00$4.00$3.00
ATM IV101.6%75.5%117.2%89.6%93.3%
Expected Move31.5%26.6%36.0%27.8%33.9%
HV 20d104.9%88.1%118.1%113.0%95.9%
HV 60d84.6%77.9%89.9%79.8%89.8%
IV Rank10.1%3.7%13.9%7.2%8.1%
IV Percentile37.6%3.2%64.7%13.5%20.6%
Term Structure-6.5%-52.9%39.1%4.8%4.8%
VWIV109.3%96.2%129.1%96.5%116.0%
Skew 25d8.5%-37.9%59.1%6.0%34.4%
Skew 10d-12.5%-135.1%59.7%7.4%-25.3%
Call IV 25d84.4%57.3%105.2%88.1%62.0%
Put IV 25d92.8%59.1%130.7%94.1%96.4%
Bid-Ask Spread %42.8010.5378.8641.5438.43
Gamma HHI0.310.120.850.260.23
Net GEX-25.3K-285.9K78.1K-44.5K39.5K
Net DEX6.9M3.8M8.8M7.8M3.9M
Net VEX-68.9K-79.2K-61.1K-70.1K-79.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.064.820.710.15
Total Volume8,096.2861,69847,7167,0183,496
Total OI166,790.048132,293184,099160,652174,502

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$2.81$4.0089.6%27.8%113.0%7.2%96.5%6.0%4.8%-44.5K7.8M-70.1K0.7141.544,1142,90478,40282,250
2025-04-02$2.91$4.0086.1%27.3%114.1%6.3%96.2%5.4%2.9%-47.1K8.3M-69.1K0.7259.544,4703,23481,10884,792
2025-04-03$2.77$4.0098.0%28.6%114.7%9.2%112.7%1.5%6.6%-38.8K8.3M-70.4K0.3248.472,22472184,49587,685
2025-04-04$2.74$4.00103.3%32.2%113.9%10.5%100.8%-5.3%-41.5%-37.5K8.6M-68.3K1.6564.531,1461,89585,16088,208
2025-04-07$2.51$4.00116.8%26.6%105.6%13.8%122.5%-6.8%-52.9%-35.8K8.3M-67.1K0.4978.864,2572,08379,77986,406
2025-04-08$2.34$4.00114.3%35.4%107.0%13.2%129.1%59.1%11.5%-33.9K8.3M-63.0K0.4972.121,80188682,38587,019
2025-04-09$2.68$4.0075.5%29.4%117.2%3.7%116.8%-8.6%24.8%-33.2K7.8M-71.2K0.3672.862,07674583,18787,233
2025-04-10$2.54$3.0093.8%33.5%118.1%8.2%109.5%47.6%39.1%-6.8K7.7M-67.7K0.6474.621,03566393,16287,295
2025-04-11$2.56$3.00107.3%31.5%118.1%11.5%101.8%1.0%10.2%-5.7K8.0M-66.6K0.4167.421,86576292,88287,700
2025-04-14$2.66$3.00107.3%30.8%115.6%11.5%99.4%20.9%-48.1%-3.2K8.4M-61.5K0.5658.413,2311,80991,76785,153
2025-04-15$2.56$3.00107.3%31.0%112.4%11.5%99.5%16.0%-50.9%-42.9K8.7M-63.1K0.5235.171,87997894,15586,428
2025-04-16$2.51$3.00117.2%33.6%88.1%13.9%116.4%24.6%-21.1%-87.6K8.8M-63.3K0.5246.251,70788095,20087,037
2025-04-17$2.52$3.00108.3%30.7%88.9%11.7%96.6%-13.4%-1.7%-285.9K8.4M-65.5K0.5422.252,9271,58096,49887,601
2025-04-21$2.46$3.0096.8%32.3%88.2%8.9%119.3%2.4%14.9%-8.3K5.7M-61.1K4.8224.951,5277,35861,26271,031
2025-04-22$2.54$3.00106.9%31.3%90.1%11.4%106.4%-16.6%-52.0%-19.6K5.9M-62.7K0.6214.033,1901,98862,51977,989
2025-04-23$2.90$3.00103.0%31.3%104.9%10.4%99.4%38.6%11.4%2.8K4.4M-72.9K0.1227.4733,3074,15564,93879,312
2025-04-24$2.88$3.00102.8%31.0%103.5%10.4%108.6%1.8%-11.8%73.3K4.7M-72.9K0.1010.535,00048879,24382,319
2025-04-25$2.82$3.0097.5%34.2%97.6%9.1%113.1%-0.1%19.1%-2.8K5.3M-73.7K0.3214.811,96061981,03082,536
2025-04-28$3.06$3.00103.6%33.4%98.1%10.6%115.5%-37.9%-0.6%9.1K3.9M-78.4K0.0612.3445,1712,54568,50979,464
2025-04-29$2.95$3.00104.1%36.0%99.0%10.7%118.2%7.1%-5.3%78.1K3.8M-78.9K0.0714.296,84350393,77181,179
2025-04-30$2.88$3.0093.3%33.9%95.9%8.1%116.0%34.4%4.8%39.5K3.9M-79.2K0.1538.433,04445293,16581,337