SPCE Options History — April 2026

In April 2026, SPCE traded between $2.38 and $3.08. ATM implied volatility averaged 123.3%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 35.4%. IV traded above realized volatility by 26.5% (HV 20d: 96.8%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 13 of 13 trading days. Term structure was in contango for 6 of 13 days. Put/call ratio averaged 0.17.

Notable Days

2026-04-06: Highest Volume — 162,833 contracts
2026-04-06: Largest IV spike — 36.1% change
2026-04-06: Highest IV Rank — 37.6%
2026-04-06: Largest Expected Move — 41.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.89	$2.38	$3.08	$2.38	$2.98
Max Pain	$2.81	$2.50	$3.00	$3.00	$3.00
ATM IV	123.3%	91.7%	145.4%	91.7%	122.5%
Expected Move	35.4%	26.3%	41.7%	26.3%	35.1%
HV 20d	96.8%	66.2%	104.5%	66.2%	102.3%
HV 60d	72.7%	59.6%	76.5%	59.6%	75.1%
IV Rank	27.7%	13.5%	37.6%	13.5%	27.4%
IV Percentile	68.2%	13.5%	92.9%	13.5%	67.9%
Term Structure	0.2%	-7.8%	10.3%	3.2%	-1.6%
VWIV	128.3%	104.3%	158.3%	104.3%	128.4%
Skew 25d	-10.0%	-23.6%	10.1%	10.1%	-17.3%
Skew 10d	-12.7%	-60.9%	144.7%	144.7%	-30.8%
Call IV 25d	129.8%	60.7%	159.0%	60.7%	136.2%
Put IV 25d	119.8%	70.9%	159.4%	70.9%	118.9%
Bid-Ask Spread %	24.39	15.58	47.12	33.57	22.17
Gamma HHI	0.17	0.13	0.21	0.18	0.15
Net GEX	294.1K	83.9K	427.1K	83.9K	355.9K
Net DEX	-26.0M	-35.3M	-4.7M	-4.7M	-31.3M
Net VEX	-194.0K	-219.3K	-106.5K	-106.5K	-219.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.09	0.29	0.13	0.14
Total Volume	38,672.308	15,402	162,833	16,598	24,707
Total OI	360,765.462	229,328	419,325	229,328	385,745

Daily Data (13 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$2.38	$3.00	91.7%	26.3%	66.2%	13.5%	104.3%	10.1%	3.2%	83.9K	-4.7M	-106.5K	0.13	33.57	14,737	1,861	163,893	65,435
2026-04-02	$2.46	$2.50	106.9%	30.6%	67.0%	20.3%	112.1%	-22.6%	-7.8%	102.2K	-6.8M	-117.3K	0.10	47.12	41,618	3,978	174,684	66,078
2026-04-06	$3.04	$2.50	145.4%	41.7%	100.8%	37.6%	158.3%	0.4%	5.1%	197.2K	-24.4M	-165.8K	0.10	22.25	147,983	14,850	194,623	83,078
2026-04-07	$3.00	$2.50	133.7%	38.3%	101.1%	32.4%	148.8%	-23.6%	10.3%	377.4K	-31.2M	-206.9K	0.13	15.58	61,758	7,827	279,032	93,378
2026-04-08	$2.99	$2.50	128.7%	36.9%	100.9%	30.1%	137.5%	-1.8%	5.3%	427.1K	-31.3M	-214.7K	0.11	20.60	28,735	3,043	301,916	96,366
2026-04-10	$3.08	$3.00	126.4%	36.2%	101.2%	29.1%	127.5%	2.1%	0.7%	369.5K	-35.3M	-219.3K	0.27	21.12	19,545	5,331	311,222	97,741
2026-04-13	$3.00	$3.00	125.2%	35.9%	101.8%	28.6%	129.1%	-5.2%	-1.0%	373.9K	-30.4M	-213.5K	0.29	18.08	13,353	3,839	289,664	96,224
2026-04-14	$2.90	$3.00	120.5%	34.5%	102.4%	26.4%	123.6%	-11.0%	-0.8%	352.3K	-27.0M	-209.5K	0.21	16.53	12,777	2,625	296,121	99,139
2026-04-15	$2.84	$3.00	126.8%	36.4%	102.9%	29.3%	124.3%	-14.9%	-5.9%	301.6K	-24.7M	-205.1K	0.23	22.77	12,753	2,991	296,899	101,569
2026-04-16	$3.08	$3.00	129.5%	37.1%	103.5%	30.5%	130.3%	-18.6%	4.0%	274.0K	-34.2M	-215.5K	0.09	28.62	24,734	2,325	300,213	103,477
2026-04-17	$2.96	$3.00	119.2%	34.2%	104.5%	25.8%	123.7%	-10.0%	-3.4%	295.0K	-27.6M	-216.7K	0.15	22.50	27,342	4,209	314,652	104,673
2026-04-20	$2.92	$2.50	126.6%	36.3%	103.6%	29.2%	119.8%	-17.9%	-6.1%	313.4K	-28.7M	-212.1K	0.22	26.16	16,225	3,594	282,678	91,451
2026-04-21	$2.98	$3.00	122.5%	35.1%	102.3%	27.4%	128.4%	-17.3%	-1.6%	355.9K	-31.3M	-219.2K	0.14	22.17	21,721	2,986	291,276	94,469