SPEU Options History — April 2022

In April 2022, SPEU traded between $36.25 and $39.32. ATM implied volatility averaged 24.8%, placing in the 34.9% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 5.1% (HV 20d: 19.7%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 2.73.

Notable Days

2022-04-28: Highest Volume — 312 contracts
2022-04-13: Largest IV drop — 22.8% change
2022-04-11: Highest IV Rank — 48.7%
2022-04-26: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.06	$36.25	$39.32	$39.11	$36.52
Max Pain	$39.50	$39.00	$40.00	$40.00	$39.00
ATM IV	24.8%	19.8%	31.0%	22.0%	24.2%
Expected Move	6.9%	5.7%	8.1%	6.1%	6.9%
HV 20d	19.7%	15.1%	30.5%	30.5%	17.3%
HV 60d	27.1%	26.5%	27.6%	27.3%	27.2%
IV Rank	34.9%	23.2%	48.7%	29.8%	33.3%
IV Percentile	87.5%	73.8%	94.8%	84.1%	86.1%
Term Structure	-0.6%	-1.3%	0.2%	-0.6%	-0.3%
VWIV	23.4%	19.7%	26.9%	20.3%	24.4%
Skew 25d	9.0%	7.3%	10.9%	7.6%	8.5%
Skew 10d	19.8%	11.2%	24.6%	19.5%	21.7%
Call IV 25d	20.3%	16.9%	24.3%	19.5%	22.7%
Put IV 25d	29.3%	25.6%	33.1%	27.1%	31.2%
Bid-Ask Spread %	80.50	63.76	96.82	68.91	96.52
Gamma HHI	0.20	0.13	0.27	0.16	0.20
Net GEX	-15.8K	-32.0K	-1.2K	-4.5K	-31.1K
Net DEX	407.2K	82.4K	989.0K	126.3K	989.0K
Net VEX	-1.2K	-1.7K	-843	-1.2K	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.73	1.42	5.64	1.42	5.64
Total Volume	204.7	50	312	172	312
Total OI	370.9	185	449	437	416

Daily Data (20 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$39.11	$40.00	22.0%	6.1%	30.5%	29.8%	20.3%	7.6%	-0.6%	-4.5K	126.3K	-1.2K	1.42	68.91	N/A	N/A	71	101	70	367
2022-04-04	$39.32	$40.00	22.2%	6.0%	28.3%	30.2%	19.7%	8.8%	-0.3%	-1.2K	82.4K	-1.0K	1.42	78.06	N/A	N/A	71	101	70	349
2022-04-05	$38.86	$40.00	23.4%	6.6%	28.3%	32.9%	22.1%	10.3%	0.0%	-2.2K	99.6K	-1.1K	1.42	68.89	N/A	N/A	71	101	70	349
2022-04-06	$38.54	$40.00	27.1%	7.2%	22.7%	41.0%	24.1%	10.9%	-0.7%	-3.0K	117.3K	-1.0K	1.42	63.76	N/A	N/A	71	101	70	349
2022-04-07	$38.67	$40.00	26.7%	7.0%	20.6%	40.1%	23.7%	9.8%	-0.9%	-2.9K	111.9K	-1.0K	1.42	65.39	N/A	N/A	71	101	68	349
2022-04-08	$38.68	$40.00	27.5%	7.2%	20.5%	40.8%	23.9%	10.2%	-1.3%	-2.8K	110.1K	-1.0K	1.42	65.94	N/A	N/A	71	101	68	349
2022-04-11	$38.43	$40.00	31.0%	7.5%	20.2%	48.7%	26.9%	9.9%	-0.8%	-6.6K	142.3K	-845	2.15	71.44	N/A	N/A	71	153	50	349
2022-04-12	$38.04	$40.00	28.8%	7.5%	20.6%	43.7%	26.9%	10.5%	-1.0%	-14.3K	225.7K	-1.1K	2.15	72.54	N/A	N/A	71	153	50	399
2022-04-13	$38.51	$40.00	22.2%	6.4%	17.6%	28.8%	24.5%	8.4%	-0.8%	-14.8K	195.5K	-1.0K	2.15	81.77	N/A	N/A	71	153	50	399
2022-04-14	$38.44	$40.00	23.5%	6.7%	17.0%	31.7%	23.8%	7.8%	-0.8%	-18.2K	236.4K	-885	2.13	82.49	N/A	N/A	72	153	30	399
2022-04-18	$38.16	$39.00	23.8%	6.8%	16.8%	32.4%	22.7%	7.3%	-0.9%	-16.3K	249.3K	-866	2.02	86.53	N/A	N/A	49	99	25	160
2022-04-19	$38.26	$39.00	22.4%	6.4%	16.0%	29.2%	22.1%	8.8%	-0.5%	-15.3K	248.2K	-843	2.04	82.34	N/A	N/A	48	98	27	163
2022-04-20	$38.70	$39.00	19.8%	5.7%	15.8%	23.2%	19.9%	8.8%	0.1%	-14.6K	229.2K	-843	3.54	82.52	N/A	N/A	48	170	28	165
2022-04-21	$38.32	$39.00	22.5%	6.5%	15.1%	29.4%	22.5%	7.8%	0.2%	-22.8K	509.8K	-1.3K	3.94	86.97	N/A	N/A	48	189	28	247
2022-04-22	$37.84	$39.00	23.2%	6.6%	15.7%	31.0%	23.3%	8.5%	-0.6%	-29.1K	818.9K	-1.6K	4.00	87.70	N/A	N/A	48	192	28	331
2022-04-25	$37.47	$39.00	25.6%	7.3%	16.0%	36.5%	23.4%	9.9%	-0.7%	-29.6K	833.8K	-1.6K	3.43	90.52	N/A	N/A	56	192	28	334
2022-04-26	$36.25	$39.00	28.2%	8.1%	19.4%	42.4%	24.4%	8.5%	-1.3%	-26.6K	882.4K	-1.4K	4.40	85.50	N/A	N/A	47	207	38	334
2022-04-27	$36.34	$39.00	27.3%	7.8%	16.7%	40.2%	25.1%	9.8%	-1.0%	-28.7K	986.8K	-1.6K	0.00	96.82	N/A	N/A	0	50	39	367
2022-04-28	$36.81	$39.00	23.7%	6.8%	17.8%	32.1%	23.7%	8.6%	-0.1%	-32.0K	948.4K	-1.7K	5.64	95.43	N/A	N/A	47	265	39	367
2022-04-29	$36.52	$39.00	24.2%	6.9%	17.3%	33.3%	24.4%	8.5%	-0.3%	-31.1K	989.0K	-1.6K	5.64	96.52	N/A	N/A	47	265	39	377