SPEU Options History — April 2025

In April 2025, SPEU traded between $38.83 and $45.84. ATM implied volatility averaged 26.7%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 14.6% (HV 20d: 41.4%). Max pain ranged from $40.00 to $46.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.83.

Notable Days

  • 2025-04-25: Highest Volume — 202 contracts
  • 2025-04-07: Largest IV spike — 237.1% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-07: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.49$38.83$45.84$44.75$45.84
Max Pain$42.86$40.00$46.00$46.00$40.00
ATM IV26.7%17.1%104.1%17.5%18.4%
Expected Move6.7%4.5%17.3%4.5%5.3%
HV 20d41.4%15.6%49.6%17.7%49.4%
HV 60d27.0%14.7%30.9%14.7%30.7%
IV Rank23.1%8.4%100.0%23.0%9.8%
IV Percentile92.2%80.6%100.0%88.5%84.9%
Term Structure-2.1%-9.2%2.1%-2.8%-2.2%
VWIV25.6%12.6%39.3%27.1%32.6%
Skew 25d3.3%-0.4%18.1%1.7%3.2%
Skew 10d3.2%-1.1%9.9%7.4%4.1%
Call IV 25d21.1%13.9%70.2%19.4%16.9%
Put IV 25d24.4%15.6%88.3%21.1%20.1%
Bid-Ask Spread %125.78118.15140.55122.31123.38
Gamma HHI0.310.230.490.290.49
Net GEX69.7K16.8K135.3K79.5K103.8K
Net DEX-558.3K-1.0M-100.7K-515.5K-801.9K
Net VEX-2.7K-4.3K-1.1K-2.0K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.009.002.000.00
Total Volume29.857020233
Total OI398.714298557305363

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$44.75$46.0017.5%4.5%17.7%23.0%0.0%1.7%-2.8%79.5K-515.5K-2.0K2.00122.31N/AN/A122978
2025-04-02$44.29$46.0020.8%5.0%16.0%32.0%0.0%1.7%0.6%61.5K-436.1K-2.0K1.50121.93N/AN/A2329719
2025-04-03$44.41$46.0024.1%5.3%15.6%40.9%0.0%1.4%0.9%56.1K-469.2K-2.1K0.00139.73N/AN/A0029922
2025-04-04$41.69$46.0030.9%7.8%26.6%59.6%0.0%2.2%-2.3%29.9K-199.0K-1.6K1.00123.91N/AN/A141429922
2025-04-07$39.67$46.00104.1%17.3%30.7%100.0%0.0%18.1%-9.0%18.9K-309.1K-1.7K0.08139.43N/AN/A12129513
2025-04-08$38.83$46.0045.7%8.9%31.1%38.5%0.0%5.2%-3.8%16.8K-100.7K-1.1K0.00118.86N/AN/A0028514
2025-04-09$42.35$46.0023.8%6.8%45.5%15.4%0.0%2.4%0.5%34.8K-247.5K-1.6K0.00140.55N/AN/A1028513
2025-04-10$41.06$46.0029.4%8.4%46.5%21.4%0.0%2.3%-7.7%27.9K-205.9K-1.4K0.00121.99N/AN/A2028612
2025-04-11$42.84$46.0027.3%7.8%48.8%19.1%0.0%2.6%-1.6%39.5K-324.3K-1.7K0.00131.94N/AN/A200028812
2025-04-14$43.28$46.0023.2%6.6%48.7%14.8%27.1%5.1%-1.0%74.0K-576.9K-3.5K0.00118.15N/AN/A13048812
2025-04-15$43.22$40.0019.9%5.7%48.7%11.4%18.5%3.7%2.0%77.0K-603.9K-3.6K0.00121.88N/AN/A14050112
2025-04-16$43.16$40.0022.4%6.4%48.7%14.0%25.2%3.3%-9.2%75.7K-642.5K-3.7K0.00131.67N/AN/A2051312
2025-04-17$43.73$40.0018.4%5.3%48.9%9.8%15.6%3.0%-0.5%89.3K-701.8K-3.8K0.00126.35N/AN/A22051512
2025-04-21$43.52$40.0018.4%5.3%48.8%9.8%0.0%-0.4%-0.4%65.5K-536.7K-3.3K0.00119.86N/AN/A004465
2025-04-22$44.48$40.0020.7%5.9%49.6%12.2%39.3%2.1%-1.5%78.7K-745.5K-3.9K0.50121.06N/AN/A214465
2025-04-23$44.44$40.0020.4%5.9%49.5%11.9%12.6%3.6%-5.0%77.7K-749.4K-3.9K0.00122.63N/AN/A10404496
2025-04-24$45.16$40.0018.9%5.4%49.5%10.3%0.0%2.2%0.2%125.3K-955.6K-4.3K0.00122.39N/AN/A005516
2025-04-25$45.30$40.0017.1%4.9%49.4%8.4%0.0%1.9%2.1%135.3K-1.0M-4.3K0.00123.63N/AN/A20205516
2025-04-28$45.56$40.0017.6%5.1%49.4%9.0%37.4%2.0%1.1%102.0K-775.5K-2.2K0.00126.80N/AN/A203496
2025-04-29$45.72$40.0022.3%6.4%49.4%13.8%22.3%2.9%-5.2%95.1K-818.7K-2.2K9.00122.88N/AN/A193476
2025-04-30$45.84$40.0018.4%5.3%49.4%9.8%32.6%3.2%-2.2%103.8K-801.9K-2.2K0.00123.38N/AN/A3034815