SPCE Options History — February 2026

In February 2026, SPCE traded between $2.35 and $2.71. ATM implied volatility averaged 114.3%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 30.0%. IV traded above realized volatility by 49.7% (HV 20d: 64.6%). Max pain ranged from $3.00 to $3.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.50.

Notable Days

  • 2026-02-09: Highest Volume — 41,518 contracts
  • 2026-02-27: Largest IV spike — 36.5% change
  • 2026-02-27: Highest IV Rank — 36.3%
  • 2026-02-05: Largest Expected Move — 35.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.56$2.35$2.71$2.70$2.54
Max Pain$3.00$3.00$3.00$3.00$3.00
ATM IV114.3%84.2%142.4%117.6%142.4%
Expected Move30.0%24.1%35.2%28.8%27.4%
HV 20d64.6%51.6%71.1%51.8%62.7%
HV 60d77.0%74.9%80.9%76.5%75.2%
IV Rank23.7%10.1%36.3%25.2%36.3%
IV Percentile62.2%9.1%90.9%72.2%90.9%
Term Structure-0.1%-41.1%32.3%-13.6%31.4%
VWIV103.4%89.1%114.9%89.1%100.3%
Skew 25d13.7%-200.9%270.2%14.6%-7.0%
Skew 10d26.6%-237.6%287.8%180.2%-16.8%
Call IV 25d116.0%76.1%281.2%108.2%89.2%
Put IV 25d129.8%80.3%387.1%122.9%82.2%
Bid-Ask Spread %57.1738.8193.8560.3268.52
Gamma HHI0.160.090.570.140.15
Net GEX41.5K-3.3K190.0K16.6K60.4K
Net DEX-3.8M-5.6M-1.5M-3.9M-4.7M
Net VEX-103.6K-110.9K-92.1K-106.5K-103.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.041.530.870.94
Total Volume9,970.1052,70741,5188,3474,008
Total OI180,869.684164,258191,590168,571182,896

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$2.70$3.00117.6%28.8%51.8%25.2%89.1%14.6%-13.6%16.6K-3.9M-106.5K0.8760.324,4583,889111,48457,087
2026-02-03$2.67$3.00114.2%29.4%51.6%23.6%102.6%-12.9%-9.0%6.6K-3.4M-103.1K0.0938.8118,9041,677114,57460,471
2026-02-04$2.56$3.00114.0%29.3%52.5%23.5%99.4%270.2%23.1%7.7K-4.4M-102.1K0.3678.115,0351,811120,57761,086
2026-02-05$2.35$3.00115.1%35.2%58.3%24.0%114.9%-5.5%0.2%19.9K-1.5M-96.7K1.5359.463,6815,626121,20862,190
2026-02-06$2.55$3.00119.2%28.9%67.6%25.9%107.1%11.7%6.7%-475-2.7M-103.9K0.6546.684,0242,629123,60262,458
2026-02-09$2.70$3.00117.4%34.9%70.9%25.0%108.4%-200.9%-10.2%17.5K-3.6M-105.6K0.0543.8039,4012,117113,26960,202
2026-02-10$2.71$3.00117.2%30.5%70.9%24.9%103.4%-83.2%10.5%58.4K-5.6M-110.9K0.0757.495,421378127,62261,332
2026-02-11$2.63$3.00133.4%31.3%70.5%32.2%111.7%-32.2%-13.8%46.3K-3.8M-104.6K0.0756.405,269385128,77161,500
2026-02-12$2.54$3.00125.7%27.2%71.0%28.8%97.2%11.5%-41.1%-3.3K-3.4M-105.1K0.2393.852,208499129,51261,687
2026-02-13$2.54$3.00130.5%34.0%71.1%31.0%112.4%-25.1%-3.1%34.4K-4.6M-109.4K0.9567.042,1662,063129,05061,745
2026-02-17$2.51$3.00108.9%32.0%70.3%21.2%106.0%-1.4%-20.2%25.7K-2.3M-101.0K1.3953.752,0622,870121,03258,270
2026-02-18$2.50$3.0084.2%24.1%69.8%10.1%94.4%11.4%27.4%21.6K-4.5M-105.3K0.1279.704,042475122,90459,716
2026-02-19$2.54$3.00109.4%31.0%70.4%21.5%100.0%25.5%-5.3%24.4K-3.0M-101.8K0.0450.9819,234730123,94260,019
2026-02-20$2.48$3.00107.0%27.7%63.4%20.4%105.8%12.8%32.3%190.0K-4.4M-103.2K0.4152.755,1012,107131,19060,400
2026-02-23$2.42$3.00104.0%26.5%62.2%19.0%98.9%232.1%13.7%35.8K-2.5M-92.1K0.1649.175,499896109,68954,569
2026-02-24$2.54$3.0096.0%28.5%65.7%15.4%102.1%21.7%1.7%57.7K-4.7M-103.0K0.2643.608,3242,142112,77055,193
2026-02-25$2.62$3.00110.9%30.2%63.9%22.1%105.9%-3.4%-19.4%74.7K-4.9M-104.7K0.1640.3612,7882,026116,59356,886
2026-02-26$2.63$3.00104.3%33.6%63.3%19.2%105.2%20.7%-12.6%95.2K-4.7M-106.3K1.1245.452,5862,901122,62958,399
2026-02-27$2.54$3.00142.4%27.4%62.7%36.3%100.3%-7.0%31.4%60.4K-4.7M-103.3K0.9468.522,0651,943122,79060,106