SPCE Options History — August 2025

In August 2025, SPCE traded between $2.96 and $3.96. ATM implied volatility averaged 102.3%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 31.5%. IV traded above realized volatility by 24.0% (HV 20d: 78.3%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2025-08-25: Highest Volume — 61,230 contracts
  • 2025-08-14: Largest IV spike — 38.0% change
  • 2025-08-06: Highest IV Rank — 33.4%
  • 2025-08-01: Largest Expected Move — 44.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.22$2.96$3.96$3.71$3.12
Max Pain$3.50$3.00$4.00$3.50$3.00
ATM IV102.3%76.0%118.5%114.0%105.2%
Expected Move31.5%24.0%44.8%44.8%30.1%
HV 20d78.3%60.1%99.4%82.1%66.8%
HV 60d86.2%68.6%114.8%112.2%69.5%
IV Rank24.1%9.0%33.4%30.8%25.8%
IV Percentile54.3%5.6%86.1%79.0%62.3%
Term Structure-3.3%-53.8%23.4%-53.8%-1.8%
VWIV111.8%98.2%166.2%166.2%105.2%
Skew 25d-15.8%-79.2%15.7%-44.4%11.2%
Skew 10d-29.0%-57.1%92.6%-29.6%-35.7%
Call IV 25d110.2%92.8%156.2%126.2%99.4%
Put IV 25d94.4%60.0%118.0%81.9%110.6%
Bid-Ask Spread %23.358.6249.0549.0524.04
Gamma HHI0.260.110.790.120.15
Net GEX-12.6K-516.5K179.5K28.7K25.6K
Net DEX1.9M-5.6M5.7M-972.9K1.8M
Net VEX-110.8K-139.2K-99.4K-128.3K-116.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.052.980.751.14
Total Volume13,0062,78761,2307,0937,651
Total OI215,856.619185,857257,720218,651257,720

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$3.71$3.50114.0%44.8%82.1%30.8%166.2%-44.4%-53.8%28.7K-972.9K-128.3K0.7549.054,0563,037119,95298,699
2025-08-04$3.88$4.00109.9%37.3%82.2%28.5%126.2%-56.4%-50.8%36.8K-3.3M-132.2K0.1221.2114,7011,780109,62895,467
2025-08-05$3.96$4.0096.8%35.2%82.1%21.0%122.8%-79.2%23.0%67.5K-5.6M-139.2K0.2124.094,342923112,81596,087
2025-08-06$3.79$4.00118.5%36.0%84.2%33.4%123.0%-54.6%18.7%53.0K-3.1M-130.3K0.2420.576,6021,570114,17996,610
2025-08-07$3.46$4.0086.9%31.7%91.0%15.2%110.3%8.3%-28.8%-8.6K1.3M-115.6K0.1925.1412,9942,530118,58397,343
2025-08-08$3.12$4.0096.2%30.5%98.7%20.6%109.0%-35.8%-14.2%-44.8K4.6M-107.1K0.8318.455,0014,148117,79298,875
2025-08-11$2.98$4.00109.0%30.6%99.4%27.9%108.0%-41.2%-6.3%-72.4K5.5M-100.1K0.6525.285,8423,821110,08695,191
2025-08-12$2.99$3.50104.0%29.7%99.3%25.1%106.4%-47.6%-4.1%-85.8K5.7M-99.4K0.2815.362,842786112,79897,427
2025-08-13$3.01$3.5076.0%30.2%98.4%9.0%103.2%-36.2%22.7%-92.9K5.3M-100.7K0.3114.945,2321,642114,07897,750
2025-08-14$3.00$3.50104.8%30.3%83.2%25.5%106.7%-1.1%-3.1%-136.8K5.3M-100.7K0.1431.503,901564117,48598,459
2025-08-15$3.00$3.50102.3%29.5%79.9%24.1%106.3%-0.5%0.5%-516.5K5.3M-100.2K0.759.783,6352,739119,32598,419
2025-08-18$3.00$3.5096.6%28.7%71.7%20.8%103.3%5.7%10.3%6.4K2.9M-101.1K2.9827.233,66410,904101,29884,559
2025-08-19$2.96$3.5086.1%24.0%70.1%14.8%101.9%-1.5%23.4%-20.6K3.9M-101.1K0.1629.524,684728104,27595,237
2025-08-20$2.99$3.50101.8%29.2%60.1%23.8%103.5%15.7%9.3%11.4K3.7M-100.9K0.1824.622,366421106,51995,855
2025-08-21$2.96$3.50100.0%28.8%60.2%22.8%100.6%4.5%1.2%23.1K3.3M-100.2K0.3920.963,8761,515107,74096,017
2025-08-22$3.13$3.00104.1%29.6%65.1%25.1%98.2%15.1%4.9%1.2K1.4M-108.1K0.1219.6826,4313,227110,51297,037
2025-08-25$3.30$3.00111.5%32.8%67.3%29.4%114.1%0.9%1.8%86.6K-376.6K-113.1K0.058.6258,5142,716115,67592,951
2025-08-26$3.13$3.00110.0%31.1%68.1%28.5%120.4%-3.6%-13.3%179.5K565.5K-109.7K0.0724.1324,1791,698140,02094,896
2025-08-27$3.08$3.00107.9%31.4%67.6%27.3%108.3%2.5%-3.3%141.4K872.9K-108.0K0.4320.4913,9925,973145,66396,229
2025-08-28$3.13$3.00106.3%30.8%66.8%26.4%105.0%6.3%-4.8%52.4K1.7M-114.2K0.2835.606,1681,731151,688102,050
2025-08-29$3.12$3.00105.2%30.1%66.8%25.8%105.2%11.2%-1.8%25.6K1.8M-116.7K1.1424.043,5764,075154,296103,424