SPEU Options History — February 2023

In February 2023, SPEU traded between $37.11 and $38.45. ATM implied volatility averaged 26.0%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 14.4% (HV 20d: 11.6%). Max pain ranged from $36.00 to $38.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.11.

Notable Days

  • 2023-02-03: Highest Volume — 87 contracts
  • 2023-02-07: Largest IV spike — 103.2% change
  • 2023-02-02: Highest IV Rank — 69.3%
  • 2023-02-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.87$37.11$38.45$38.45$37.36
Max Pain$37.89$36.00$38.00$36.00$38.00
ATM IV26.0%16.7%54.9%43.0%24.3%
Expected Move6.7%4.8%12.3%12.3%7.0%
HV 20d11.6%10.0%14.8%12.5%14.8%
HV 60d16.1%15.0%19.8%19.8%15.0%
IV Rank17.0%0.0%69.3%48.0%13.8%
IV Percentile36.6%0.0%99.6%98.8%42.9%
Term Structure0.7%-11.7%17.5%-11.7%-0.2%
VWIV21.9%19.9%24.0%19.9%24.0%
Skew 25d8.3%-0.6%39.3%39.3%7.1%
Skew 10d13.9%-4.3%74.8%74.8%17.6%
Call IV 25d20.9%16.2%25.3%24.9%25.3%
Put IV 25d29.2%21.7%64.2%64.2%32.4%
Bid-Ask Spread %107.6189.61118.84118.56116.69
Gamma HHI0.640.470.750.720.68
Net GEX38.5K27.5K48.3K30.5K39.7K
Net DEX-621.5K-713.4K-532.5K-547.7K-555.5K
Net VEX-4.2K-4.5K-3.6K-3.6K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.000.330.330.00
Total Volume4.89508700
Total OI1,525.4741,4691,5561,4691,503

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$38.45$36.0043.0%12.3%12.5%48.0%0.0%39.3%-11.7%30.5K-547.7K-3.6K0.00118.56N/AN/A003601,109
2023-02-02$38.37$38.0054.9%9.2%12.0%69.3%19.9%5.8%-1.4%33.4K-557.5K-3.7K0.33109.09N/AN/A313601,109
2023-02-03$38.02$38.0020.4%6.0%12.5%7.6%24.0%3.5%0.9%27.5K-532.5K-3.6K0.00111.88N/AN/A8703631,109
2023-02-06$37.67$38.0021.3%5.5%10.5%9.3%0.0%3.5%1.7%32.6K-607.0K-4.4K0.00106.00N/AN/A004471,109
2023-02-07$37.90$38.0043.4%5.0%10.4%48.7%0.0%9.7%3.0%42.3K-619.9K-4.3K0.00110.26N/AN/A004471,109
2023-02-08$37.78$38.0019.2%5.5%10.5%5.4%0.0%12.8%0.6%35.9K-633.3K-4.5K0.00108.35N/AN/A004471,109
2023-02-09$37.89$38.0019.9%5.7%10.2%6.8%0.0%-0.6%0.5%38.3K-665.9K-4.5K0.00112.24N/AN/A004471,109
2023-02-10$37.58$38.0018.3%5.2%10.0%3.8%0.0%2.0%2.2%30.6K-614.1K-4.3K0.00118.20N/AN/A104471,109
2023-02-13$38.09$38.0024.2%6.9%10.8%12.8%0.0%6.2%-5.7%45.1K-713.4K-4.5K0.0089.61N/AN/A004471,109
2023-02-14$38.26$38.0034.5%9.9%10.9%31.4%0.0%29.3%-4.6%30.0K-648.1K-4.5K0.00115.58N/AN/A004471,109
2023-02-15$38.16$38.0016.7%4.8%10.9%0.0%0.0%2.3%4.9%48.3K-674.5K-4.2K0.00115.96N/AN/A004471,109
2023-02-16$37.98$38.0023.8%6.8%10.9%12.7%0.0%2.5%17.5%45.6K-666.4K-4.3K0.00118.48N/AN/A004471,109
2023-02-17$38.14$38.0018.8%5.4%10.9%3.7%0.0%4.4%1.6%40.5K-681.3K-4.2K0.00118.84N/AN/A004471,109
2023-02-21$37.80$38.0024.7%7.1%11.2%14.4%0.0%7.8%-0.7%42.9K-661.2K-4.2K0.0093.75N/AN/A004461,056
2023-02-22$37.45$38.0021.6%6.2%11.7%8.9%0.0%7.9%0.2%42.1K-604.0K-4.2K0.0091.38N/AN/A004461,056
2023-02-23$37.77$38.0020.4%5.9%12.0%6.7%0.0%5.0%1.4%42.9K-658.5K-4.2K0.0093.32N/AN/A004461,056
2023-02-24$37.11$38.0022.2%6.4%13.5%9.9%0.0%5.5%-0.7%41.2K-538.1K-4.0K0.0092.76N/AN/A014461,056
2023-02-27$37.66$38.0022.4%6.4%14.6%10.2%0.0%4.3%4.0%42.3K-629.7K-4.1K0.00103.67N/AN/A004461,057
2023-02-28$37.36$38.0024.3%7.0%14.8%13.8%0.0%7.1%-0.2%39.7K-555.5K-3.9K0.00116.69N/AN/A004461,057