SPEU Options History — May 2025

In May 2025, SPEU traded between $45.79 and $48.27. ATM implied volatility averaged 16.1%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 3.5% (HV 20d: 19.6%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-05-02: Highest Volume — 112 contracts
  • 2025-05-14: Largest IV drop — 54.2% change
  • 2025-05-13: Highest IV Rank — 18.9%
  • 2025-05-01: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.13$45.79$48.27$45.79$48.20
Max Pain$44.52$40.00$45.00$40.00$45.00
ATM IV16.1%11.2%27.0%18.9%13.0%
Expected Move4.1%3.2%5.4%5.4%3.7%
HV 20d19.6%9.5%49.4%49.2%11.1%
HV 60d30.6%30.2%30.7%30.7%30.2%
IV Rank7.4%2.2%18.9%10.3%4.1%
IV Percentile52.6%9.9%96.0%87.3%24.6%
Term Structure-0.4%-4.0%3.1%-2.4%-2.7%
VWIV14.5%10.3%18.0%13.9%17.2%
Skew 25d2.2%0.1%3.8%3.8%3.3%
Skew 10d3.3%-0.2%6.5%2.8%0.6%
Call IV 25d13.1%10.7%16.8%16.8%14.6%
Put IV 25d15.3%13.4%20.6%20.6%17.9%
Bid-Ask Spread %125.26121.32130.18126.73124.45
Gamma HHI0.400.270.560.500.27
Net GEX89.1K30.9K157.0K107.7K31.6K
Net DEX-846.9K-1.3M-540.8K-811.1K-615.7K
Net VEX-1.5K-2.2K-950-2.2K-950
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume13.857011200
Total OI292.667182391364185

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$45.79$40.0018.9%5.4%49.2%10.3%0.0%3.8%-2.4%107.7K-811.1K-2.2K0.00126.73N/AN/A0034915
2025-05-02$46.37$40.0015.0%4.3%49.4%6.2%13.9%1.0%3.1%134.6K-991.5K-2.1K0.00128.23N/AN/A112034915
2025-05-05$46.60$45.0017.6%5.0%42.9%8.9%0.0%2.2%-0.5%105.6K-1.0M-2.0K0.00123.34N/AN/A1034415
2025-05-06$46.66$45.0018.9%4.5%37.7%10.3%0.0%2.8%0.5%106.8K-1.0M-2.0K0.00122.99N/AN/A2034515
2025-05-07$46.78$45.0019.9%4.7%36.1%11.4%0.0%1.3%0.0%110.3K-1.0M-1.9K0.00121.32N/AN/A1034515
2025-05-08$46.16$45.0019.7%4.5%22.6%11.1%0.0%2.4%1.6%121.4K-900.7K-1.9K0.00123.42N/AN/A20034415
2025-05-09$46.32$45.0022.3%4.4%18.4%13.9%0.0%1.9%0.5%127.8K-963.8K-1.9K0.00124.08N/AN/A0036415
2025-05-12$46.36$45.0022.9%4.1%12.5%14.6%0.0%2.1%0.1%157.0K-989.4K-1.7K0.00124.51N/AN/A10036415
2025-05-13$46.71$45.0027.0%4.2%12.3%18.9%18.0%1.2%-0.9%137.6K-1.1M-1.6K0.00126.63N/AN/A39036416
2025-05-14$46.54$45.0012.4%3.5%12.5%3.4%13.0%2.8%1.0%154.8K-1.1M-1.6K0.00123.59N/AN/A11036616
2025-05-15$46.80$45.0014.6%4.2%12.3%5.8%0.0%1.4%-1.2%148.2K-1.2M-1.6K0.00124.75N/AN/A0037516
2025-05-16$47.13$45.0011.9%3.4%11.9%3.0%0.0%2.8%0.1%134.1K-1.3M-1.4K0.00130.18N/AN/A57037516
2025-05-19$47.63$45.0013.8%3.9%11.7%4.9%0.0%3.7%0.9%40.1K-590.9K-1.3K0.00123.86N/AN/A1017916
2025-05-20$48.05$45.0011.2%3.2%9.9%2.2%10.3%2.0%2.4%45.5K-651.4K-1.1K0.00127.28N/AN/A32017816
2025-05-21$48.12$45.0012.7%3.6%9.8%3.8%0.0%0.1%1.2%32.2K-605.3K-1.1K0.00127.52N/AN/A0016616
2025-05-22$47.77$45.0012.3%3.5%9.5%3.3%0.0%1.2%-1.3%37.7K-574.0K-1.1K0.00126.31N/AN/A0016616
2025-05-23$47.66$45.0012.4%3.6%9.7%3.5%0.0%3.5%-3.0%34.8K-540.8K-1.2K0.00124.23N/AN/A0416616
2025-05-27$48.27$45.0013.3%3.8%10.3%4.4%0.0%1.5%-0.7%30.9K-614.0K-1.0K0.00126.05N/AN/A0016620
2025-05-28$47.82$45.0013.9%4.0%11.2%5.0%0.0%2.7%-2.6%35.6K-578.7K-1.1K0.00125.84N/AN/A0016620
2025-05-29$48.00$45.0014.9%4.3%11.2%6.1%17.2%3.0%-4.0%36.2K-594.8K-1.0K0.00125.10N/AN/A0116620
2025-05-30$48.20$45.0013.0%3.7%11.1%4.1%0.0%3.3%-2.7%31.6K-615.7K-9500.00124.45N/AN/A0016619