SPCE Options History — January 2026

In January 2026, SPCE traded between $2.84 and $3.31. ATM implied volatility averaged 109.8%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 26.6%. IV traded above realized volatility by 42.7% (HV 20d: 67.0%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.34.

Notable Days

  • 2026-01-22: Highest Volume — 65,870 contracts
  • 2026-01-14: Largest IV spike — 173.0% change
  • 2026-01-14: Highest IV Rank — 100.0%
  • 2026-01-16: Largest Expected Move — 29.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.11$2.84$3.31$3.30$2.84
Max Pain$3.50$3.00$4.00$4.00$3.50
ATM IV109.8%80.2%284.2%99.1%114.2%
Expected Move26.6%22.4%29.4%26.7%26.2%
HV 20d67.0%49.8%97.5%97.5%51.7%
HV 60d78.3%75.1%81.1%81.1%76.3%
IV Rank22.7%8.3%100.0%19.4%23.6%
IV Percentile40.8%6.3%100.0%36.5%67.5%
Term Structure-8.4%-331.5%96.9%-49.3%-16.6%
VWIV92.8%84.0%104.4%102.2%84.0%
Skew 25d-6.3%-47.8%36.5%-30.7%33.6%
Skew 10d-43.1%-237.0%48.9%-20.3%40.3%
Call IV 25d103.4%65.1%143.9%111.7%134.0%
Put IV 25d97.1%64.9%167.6%81.0%167.6%
Bid-Ask Spread %65.2535.7587.4135.7549.07
Gamma HHI0.200.120.400.160.15
Net GEX73.6K-9.5K227.3K49.6K38.4K
Net DEX-4.1M-9.0M-218.8K-3.7M-3.8M
Net VEX-117.2K-124.1K-108.0K-122.8K-111.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.021.030.170.26
Total Volume16,631.23,86765,87014,8455,905
Total OI241,603.95159,687300,562289,329201,396

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$3.30$4.0099.1%26.7%97.5%19.4%102.2%-30.7%-49.3%49.6K-3.7M-122.8K0.1735.7512,6912,154189,028100,301
2026-01-05$3.30$3.50104.8%24.9%96.3%22.3%97.8%-5.1%22.4%84.3K-2.5M-120.5K0.3562.928,5393,013177,29595,773
2026-01-06$3.31$3.5098.0%28.8%96.3%18.8%90.8%16.3%33.9%71.0K-3.0M-118.3K1.0372.213,6543,755181,11597,793
2026-01-07$3.21$3.50115.9%27.9%93.5%28.1%89.2%-10.3%-12.9%50.9K-1.7M-119.4K0.3176.953,3661,043182,794100,339
2026-01-08$3.13$3.5095.8%28.9%73.3%17.7%96.8%-36.0%52.7%-9.5K-680.0K-118.4K0.5085.584,0131,994183,199101,248
2026-01-09$3.20$3.50103.5%29.1%72.7%21.7%96.3%36.5%-8.3%40.9K-1.2M-115.3K0.0564.4228,8401,369183,879101,931
2026-01-12$3.20$3.5092.2%28.0%72.4%15.8%92.8%5.1%22.1%98.4K-2.9M-116.1K0.6678.896,0363,993185,03795,178
2026-01-13$3.08$3.50104.1%29.0%67.2%22.0%89.1%-40.1%1.3%67.1K-218.8K-111.3K0.1370.016,317790187,98797,015
2026-01-14$3.09$3.00284.2%27.1%62.7%100.0%89.5%-18.1%-331.5%79.2K-2.1M-116.6K0.0385.8632,8201,102192,00397,558
2026-01-15$3.04$3.50128.5%27.9%62.7%30.0%95.5%-20.0%-79.8%67.6K-782.2K-113.8K0.6952.074,2412,938200,93498,381
2026-01-16$3.10$3.50102.2%29.4%60.3%18.2%104.4%0.7%-1.7%39.7K-4.0M-117.7K0.1565.3127,2934,002201,33499,228
2026-01-20$3.00$3.5096.8%27.9%61.0%15.8%98.5%0.2%96.9%40.2K-5.3M-108.0K0.3787.419,9613,717106,76652,921
2026-01-21$2.98$3.5080.2%23.0%55.7%8.3%84.9%0.6%-8.5%8.8K-5.8M-117.0K0.6667.152,3301,537110,24056,106
2026-01-22$3.21$3.5085.8%23.2%56.2%10.9%95.1%-7.5%27.4%87.8K-7.5M-116.0K0.0466.9163,1592,711111,24557,351
2026-01-23$3.06$3.5096.2%24.7%56.1%15.5%89.2%1.8%25.4%193.7K-9.0M-124.1K0.2558.4913,7053,450141,29458,869
2026-01-26$3.00$3.5095.4%25.0%49.8%15.2%88.6%11.0%16.3%97.8K-7.1M-121.5K0.2158.408,5211,828132,85958,840
2026-01-27$3.15$3.50101.2%26.6%51.1%17.8%94.0%-18.6%16.9%227.3K-8.4M-121.3K0.0244.4936,622891133,08359,490
2026-01-28$3.04$3.5090.2%25.2%52.4%12.8%92.5%-47.8%17.1%115.3K-6.2M-119.7K0.2366.226,0141,368140,37160,138
2026-01-29$2.91$3.50106.9%22.4%51.6%20.3%84.3%1.6%7.7%23.9K-5.8M-114.9K0.6656.874,1702,772140,82060,940
2026-01-30$2.84$3.50114.2%26.2%51.7%23.6%84.0%33.6%-16.6%38.4K-3.8M-111.6K0.2649.074,6801,225140,29261,104