SPEU Options History — July 2025

In July 2025, SPEU traded between $47.69 and $49.82. ATM implied volatility averaged 13.8%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 0.7% (HV 20d: 13.2%). Max pain ranged from $47.00 to $48.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.17.

Notable Days

  • 2025-07-18: Highest Volume — 42 contracts
  • 2025-07-28: Largest IV spike — 20.6% change
  • 2025-07-03: Highest IV Rank — 8.4%
  • 2025-07-15: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.57$47.69$49.82$48.44$47.69
Max Pain$47.86$47.00$48.00$47.00$48.00
ATM IV13.8%11.3%17.1%15.2%14.8%
Expected Move3.8%3.2%4.7%4.4%4.2%
HV 20d13.2%11.2%15.0%13.2%15.0%
HV 60d15.0%11.1%29.7%29.7%13.0%
IV Rank4.3%1.3%8.4%6.4%5.0%
IV Percentile33.4%6.7%75.8%52.0%44.0%
Term Structure0.7%-4.3%3.2%-2.4%-0.2%
VWIV14.7%11.9%16.3%16.3%15.9%
Skew 25d1.7%-0.4%5.6%-0.1%2.6%
Skew 10d2.3%1.1%6.2%4.5%1.7%
Call IV 25d13.1%11.1%15.6%15.5%14.7%
Put IV 25d14.8%12.8%17.2%15.4%17.2%
Bid-Ask Spread %133.88123.90141.15137.11137.81
Gamma HHI0.400.240.540.470.24
Net GEX46.1K32.2K62.1K44.6K62.1K
Net DEX-721.2K-846.0K-605.6K-686.4K-605.6K
Net VEX-1.1K-1.3K-677-1.3K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.001.000.000.00
Total Volume2.95504200
Total OI204.091200220201215

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$48.44$47.0015.2%4.4%13.2%6.4%0.0%-0.1%-2.4%44.6K-686.4K-1.3K0.00137.11N/AN/A001956
2025-07-02$48.54$47.0015.2%4.3%13.0%6.4%0.0%-0.4%-3.1%44.0K-700.2K-1.3K0.00131.69N/AN/A001956
2025-07-03$48.47$0.0017.1%3.8%12.8%8.4%0.0%5.6%1.6%42.3K-709.3K-1.2K0.00130.59N/AN/A001956
2025-07-07$48.28$0.0016.8%3.6%12.8%8.1%0.0%1.5%2.7%46.7K-679.4K-1.3K0.00130.69N/AN/A001956
2025-07-08$48.57$0.0014.9%3.3%13.0%6.1%0.0%1.8%1.0%43.9K-732.3K-1.1K0.00131.42N/AN/A001956
2025-07-09$49.16$0.0012.8%3.7%13.7%3.9%0.0%1.9%1.2%38.2K-776.3K-1.0K0.00134.01N/AN/A101956
2025-07-10$49.17$0.0012.5%3.6%13.7%3.6%0.0%1.2%1.3%37.9K-771.3K-1.1K0.00135.75N/AN/A001966
2025-07-11$48.62$0.0011.3%3.2%14.3%1.3%0.0%1.7%2.5%43.1K-723.8K-1.1K0.00137.25N/AN/A001966
2025-07-14$48.53$0.0013.7%3.9%13.8%3.8%0.0%2.0%2.8%45.0K-709.6K-1.1K0.00130.95N/AN/A401966
2025-07-15$48.09$0.0016.3%4.7%12.9%6.7%16.3%2.9%-1.0%49.6K-674.5K-1.2K1.00123.90N/AN/A111976
2025-07-16$48.31$48.0013.9%4.0%12.9%4.1%0.0%2.3%0.7%47.4K-703.9K-1.1K0.00136.88N/AN/A001987
2025-07-17$48.20$48.0012.1%3.5%12.0%2.2%0.0%1.1%1.2%51.1K-705.1K-1.1K0.00134.87N/AN/A001987
2025-07-18$48.36$48.0012.0%3.4%12.0%2.1%11.9%0.7%2.4%58.5K-716.7K-1.1K0.00129.41N/AN/A4201987
2025-07-21$48.36$48.0013.7%3.9%11.8%3.9%0.0%0.8%-0.9%44.1K-705.0K-1.1K0.00135.84N/AN/A001973
2025-07-22$48.72$48.0012.2%3.5%11.2%2.3%0.0%2.4%1.7%47.3K-723.7K-1.0K0.00134.25N/AN/A001973
2025-07-23$49.82$48.0012.5%3.6%12.4%2.6%0.0%2.7%3.1%32.2K-846.0K-6770.00130.91N/AN/A201973
2025-07-24$49.23$48.0013.1%3.8%12.9%3.2%0.0%1.0%0.5%38.7K-794.6K-8750.00137.99N/AN/A001973
2025-07-25$49.41$48.0012.2%3.5%12.6%2.3%0.0%3.0%0.9%37.4K-814.2K-7760.00134.02N/AN/A001973
2025-07-28$48.36$48.0014.8%4.2%14.9%5.0%15.9%0.6%-4.3%47.6K-728.8K-9710.20133.63N/AN/A1022073
2025-07-29$48.32$48.0014.0%4.0%14.7%4.2%0.0%1.0%3.2%51.8K-717.7K-1.1K0.00141.15N/AN/A002155
2025-07-30$47.98$48.0013.5%3.9%14.9%3.6%0.0%1.8%0.6%61.6K-642.2K-1.1K0.00135.19N/AN/A202105
2025-07-31$47.69$48.0014.8%4.2%15.0%5.0%0.0%2.6%-0.2%62.1K-605.6K-1.1K0.00137.81N/AN/A002105