SPEU Options History — February 2025

In February 2025, SPEU traded between $41.73 and $44.31. ATM implied volatility averaged 14.8%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.2% (HV 20d: 12.5%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.03.

Notable Days

2025-02-11: Highest Volume — 22 contracts
2025-02-24: Largest IV spike — 19.6% change
2025-02-11: Highest IV Rank — 34.1%
2025-02-03: Largest Expected Move — 4.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.37	$41.73	$44.31	$41.73	$43.75
Max Pain	$41.21	$40.00	$43.00	$43.00	$41.00
ATM IV	14.8%	12.4%	17.6%	17.1%	13.4%
Expected Move	4.0%	3.5%	4.9%	4.9%	3.8%
HV 20d	12.5%	11.5%	13.8%	13.4%	13.0%
HV 60d	14.5%	14.1%	15.7%	15.6%	14.3%
IV Rank	23.2%	14.1%	34.1%	32.1%	17.6%
IV Percentile	63.0%	34.9%	92.1%	92.1%	42.1%
Term Structure	-0.6%	-3.4%	1.6%	0.1%	-2.1%
VWIV	16.9%	14.4%	20.8%	20.8%	15.4%
Skew 25d	1.2%	-0.2%	2.4%	2.4%	0.9%
Skew 10d	1.7%	-1.7%	5.3%	2.4%	1.6%
Call IV 25d	14.0%	12.2%	17.1%	16.6%	15.3%
Put IV 25d	15.2%	13.3%	18.9%	18.9%	16.1%
Bid-Ask Spread %	135.41	131.87	141.74	132.42	133.38
Gamma HHI	0.38	0.27	0.55	0.50	0.33
Net GEX	699	-4.2K	4.6K	-882	4.3K
Net DEX	-43.4K	-97.5K	4.4K	1.2K	-89.3K
Net VEX	-104	-170	-50	-50	-170
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.20	0.00	0.00
Total Volume	2.842	0	22	1	0
Total OI	36.737	10	56	10	56

Daily Data (19 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
2025-02-03	$41.73	$43.00	17.1%	4.9%	13.4%	32.1%	0.0%	2.4%	0.1%	-882	1.2K	-50	0.00	132.42	N/A	N/A	1	0	3	7
2025-02-04	$42.16	$43.00	15.8%	4.5%	13.6%	27.1%	0.0%	1.7%	-1.5%	-250	-3.6K	-54	0.00	141.74	N/A	N/A	0	1	4	7
2025-02-05	$42.61	$43.00	15.9%	4.6%	13.4%	27.8%	0.0%	1.7%	-3.4%	-12	-4.6K	-57	0.00	140.20	N/A	N/A	0	0	4	8
2025-02-06	$42.80	$40.00	17.1%	3.5%	13.3%	32.1%	0.0%	1.8%	1.6%	92	-5.7K	-54	0.00	138.96	N/A	N/A	0	0	4	8
2025-02-07	$42.42	$40.00	17.1%	3.8%	13.8%	32.5%	0.0%	0.9%	-0.9%	-107	-4.0K	-56	0.00	135.03	N/A	N/A	2	0	4	8
2025-02-10	$42.71	$41.00	17.2%	3.7%	12.9%	32.5%	0.0%	0.6%	0.4%	-4.2K	4.4K	-128	0.00	135.86	N/A	N/A	0	0	5	28
2025-02-11	$43.08	$41.00	17.6%	3.9%	12.4%	34.1%	20.8%	1.7%	0.4%	-4.0K	1.1K	-113	0.00	131.87	N/A	N/A	0	22	5	28
2025-02-12	$43.37	$41.00	14.5%	4.2%	12.4%	22.2%	0.0%	1.9%	-0.2%	-2.5K	-2.8K	-104	0.00	135.09	N/A	N/A	0	0	5	27
2025-02-13	$43.80	$41.00	12.4%	3.6%	12.1%	14.1%	0.0%	0.7%	0.3%	-1.1K	-9.7K	-77	0.20	132.74	N/A	N/A	10	2	5	27
2025-02-14	$43.86	$41.00	13.0%	3.7%	12.0%	16.2%	14.4%	1.0%	-1.1%	-1.0K	-51.6K	-95	0.00	135.13	N/A	N/A	1	0	15	27
2025-02-18	$44.16	$41.00	13.1%	3.7%	12.1%	16.6%	0.0%	1.7%	0.7%	-55	-57.0K	-88	0.00	136.30	N/A	N/A	1	0	16	27
2025-02-19	$43.64	$41.00	13.2%	3.8%	11.5%	16.9%	15.4%	0.9%	0.4%	-500	-52.9K	-119	0.00	135.42	N/A	N/A	12	0	17	27
2025-02-20	$43.95	$41.00	13.2%	3.8%	11.6%	17.2%	0.0%	0.8%	-0.4%	4.4K	-91.3K	-148	0.00	136.36	N/A	N/A	0	0	28	27
2025-02-21	$43.75	$41.00	13.3%	3.8%	11.7%	17.5%	0.0%	-0.2%	0.1%	4.6K	-91.9K	-145	0.00	135.07	N/A	N/A	0	0	28	27
2025-02-24	$43.86	$41.00	15.9%	4.6%	11.7%	27.7%	0.0%	0.3%	-3.2%	3.1K	-85.5K	-142	0.00	132.02	N/A	N/A	0	0	27	27
2025-02-25	$44.28	$41.00	13.7%	3.9%	12.0%	19.0%	0.0%	1.8%	-0.5%	3.6K	-94.7K	-122	0.00	136.25	N/A	N/A	0	0	27	27
2025-02-26	$44.31	$41.00	13.7%	3.9%	11.9%	19.0%	0.0%	1.2%	-1.9%	3.9K	-97.5K	-115	0.00	133.92	N/A	N/A	0	0	27	27
2025-02-27	$43.73	$41.00	13.5%	3.9%	13.2%	18.4%	0.0%	0.8%	-0.7%	3.9K	-89.2K	-135	0.00	134.97	N/A	N/A	2	0	27	27
2025-02-28	$43.75	$41.00	13.4%	3.8%	13.0%	17.6%	0.0%	0.9%	-2.1%	4.3K	-89.3K	-170	0.00	133.38	N/A	N/A	0	0	29	27