SPEU Options History — March 2025

In March 2025, SPEU traded between $44.41 and $46.13. ATM implied volatility averaged 18.5%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 1.6% (HV 20d: 16.9%). Max pain ranged from $38.00 to $46.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.41.

Notable Days

  • 2025-03-26: Highest Volume — 100 contracts
  • 2025-03-14: Largest IV spike — 167.9% change
  • 2025-03-14: Highest IV Rank — 100.0%
  • 2025-03-14: Largest Expected Move — 28.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.19$44.41$46.13$44.41$44.63
Max Pain$41.38$38.00$46.00$41.00$46.00
ATM IV18.5%14.5%45.6%15.4%21.5%
Expected Move6.0%3.9%28.7%4.4%4.1%
HV 20d16.9%12.5%19.2%13.6%18.1%
HV 60d14.8%13.7%15.6%14.6%14.7%
IV Rank30.3%14.7%100.0%25.7%34.0%
IV Percentile84.8%56.3%100.0%73.8%96.4%
Term Structure-1.4%-18.8%1.7%-0.8%1.7%
VWIV16.4%11.7%21.2%21.2%11.7%
Skew 25d2.2%0.5%6.2%2.0%3.4%
Skew 10d2.4%0.3%18.5%0.9%2.8%
Call IV 25d17.2%13.0%58.2%14.6%19.9%
Put IV 25d19.4%14.6%64.3%16.6%23.3%
Bid-Ask Spread %128.52113.87166.38136.65120.67
Gamma HHI0.490.270.780.330.31
Net GEX24.2K4.0K67.6K4.0K57.9K
Net DEX-352.5K-593.1K-102.3K-102.3K-535.0K
Net VEX-1.3K-2.2K-141-141-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.410.005.330.000.00
Total Volume21.2380100750
Total OI172.8575630556305

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$44.41$41.0015.4%4.4%13.6%25.7%0.0%2.0%-0.8%4.0K-102.3K-1410.00136.65N/AN/A7502927
2025-03-04$44.88$41.0018.7%5.4%12.5%38.4%0.0%1.3%-4.0%16.7K-271.4K-1.1K0.00131.09N/AN/A0210427
2025-03-05$45.87$41.0018.4%5.3%13.9%37.2%0.0%1.9%-0.8%15.9K-314.3K-1.1K0.00129.87N/AN/A75010427
2025-03-06$45.33$41.0016.6%4.8%14.8%30.4%0.0%2.0%1.2%7.0K-189.6K-6220.00129.32N/AN/A4706527
2025-03-07$45.73$41.0016.0%4.6%14.9%28.0%0.0%1.2%-0.5%16.7K-338.1K-1.1K0.17132.68N/AN/A12211228
2025-03-10$44.84$41.0018.9%5.4%16.5%39.5%0.0%0.5%-3.9%18.8K-300.3K-1.2K5.33133.71N/AN/A31611428
2025-03-11$44.76$41.0018.4%6.2%16.5%37.2%21.2%1.8%-1.3%17.6K-274.3K-1.2K0.00127.29N/AN/A1011736
2025-03-12$45.11$41.0018.0%6.5%16.5%35.9%0.0%2.5%-1.3%18.6K-280.1K-1.2K0.00131.11N/AN/A0011836
2025-03-13$44.64$41.0017.0%6.0%17.0%32.1%0.0%1.0%-0.4%18.1K-263.6K-1.2K0.00130.38N/AN/A0011836
2025-03-14$45.41$41.0045.6%28.7%17.6%100.0%0.0%6.1%-18.8%9.1K-286.4K-1.3K0.00166.38N/AN/A0011836
2025-03-17$45.99$38.0016.0%4.4%18.1%19.4%0.0%1.0%-0.4%14.8K-328.6K-1.1K0.00117.87N/AN/A15011836
2025-03-18$46.13$38.0016.8%4.7%18.0%21.6%16.4%1.6%-0.4%15.1K-360.7K-1.3K0.00114.14N/AN/A13012836
2025-03-19$46.13$38.0016.3%4.7%17.2%19.8%0.0%1.5%0.0%17.0K-405.0K-1.3K0.00113.87N/AN/A5014136
2025-03-20$45.60$0.0014.5%4.4%17.9%14.8%0.0%1.7%1.0%17.5K-384.6K-1.4K0.00128.82N/AN/A2014136
2025-03-21$45.21$0.0016.5%4.6%18.1%20.3%0.0%0.7%0.7%18.7K-367.2K-1.4K0.20129.30N/AN/A5114336
2025-03-24$45.02$0.0016.0%4.6%18.2%19.0%0.0%6.2%-0.2%18.9K-318.2K-1.4K0.02122.84N/AN/A61113611
2025-03-25$45.34$0.0014.5%4.2%18.1%14.7%0.0%1.0%-0.3%35.8K-493.3K-1.7K0.00127.16N/AN/A001978
2025-03-26$44.60$0.0016.2%4.2%19.2%19.3%11.7%2.1%-0.6%38.0K-447.8K-1.7K0.00119.27N/AN/A10001978
2025-03-27$44.86$46.0017.3%4.2%18.6%22.3%0.0%5.0%0.6%67.6K-593.1K-2.2K0.00128.49N/AN/A1002978
2025-03-28$44.53$46.0018.9%3.9%18.8%26.8%0.0%1.5%-1.3%64.3K-547.7K-2.1K0.00127.98N/AN/A002978
2025-03-31$44.63$46.0021.5%4.1%18.1%34.0%0.0%3.4%1.7%57.9K-535.0K-2.1K0.00120.67N/AN/A002978