SPEU Options History — August 2025

In August 2025, SPEU traded between $47.59 and $49.81. ATM implied volatility averaged 15.2%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 1.4% (HV 20d: 13.8%). Max pain ranged from $42.00 to $48.00. 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

2025-08-15: Highest Volume — 41 contracts
2025-08-13: Largest IV drop — 56.6% change
2025-08-12: Highest IV Rank — 16.1%
2025-08-01: Largest Expected Move — 5.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.86	$47.59	$49.81	$47.61	$49.42
Max Pain	$42.29	$42.00	$48.00	$48.00	$42.00
ATM IV	15.2%	10.1%	25.3%	17.9%	12.2%
Expected Move	3.8%	2.9%	5.1%	5.1%	3.5%
HV 20d	13.8%	10.2%	16.1%	15.0%	10.2%
HV 60d	13.0%	12.6%	13.4%	13.0%	12.7%
IV Rank	5.4%	0.0%	16.1%	8.4%	2.3%
IV Percentile	43.1%	0.4%	95.2%	79.4%	10.7%
Term Structure	0.6%	-3.0%	4.2%	-2.7%	3.8%
VWIV	11.9%	8.7%	16.2%	10.7%	8.7%
Skew 25d	1.8%	-1.3%	5.0%	5.0%	2.5%
Skew 10d	3.5%	0.9%	16.4%	3.0%	2.1%
Call IV 25d	12.1%	10.4%	15.4%	15.4%	13.0%
Put IV 25d	14.0%	12.1%	20.4%	20.4%	15.6%
Bid-Ask Spread %	122.95	116.67	136.34	136.34	127.75
Gamma HHI	0.34	0.23	0.50	0.31	0.41
Net GEX	45.3K	28.5K	59.2K	53.3K	36.2K
Net DEX	-779.5K	-886.6K	-613.4K	-626.5K	-827.9K
Net VEX	-763	-1.2K	-544	-803	-595
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.476	0	41	8	0
Total OI	211.667	201	222	215	201

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-08-01	$47.61	$48.00	17.9%	5.1%	15.0%	8.4%	10.7%	5.0%	-2.7%	53.3K	-626.5K	-803	136.34	N/A	N/A	8	210	5
2025-08-04	$47.59	$42.00	17.2%	4.1%	14.9%	7.6%	0.0%	1.2%	-0.3%	59.2K	-613.4K	-1.2K	122.27	N/A	N/A	0	217	5
2025-08-05	$47.59	$42.00	16.0%	4.1%	14.7%	6.3%	0.0%	1.2%	-0.4%	57.6K	-614.4K	-1.1K	120.49	N/A	N/A	0	217	5
2025-08-06	$47.84	$42.00	16.2%	4.2%	14.1%	6.5%	0.0%	1.2%	-0.5%	57.3K	-648.5K	-1.1K	121.67	N/A	N/A	0	217	5
2025-08-07	$48.25	$42.00	18.8%	3.4%	14.5%	9.3%	0.0%	3.8%	2.2%	56.4K	-724.0K	-973	119.87	N/A	N/A	0	217	5
2025-08-08	$48.52	$42.00	18.2%	3.7%	14.2%	8.7%	0.0%	2.1%	2.9%	54.0K	-751.8K	-956	121.28	N/A	N/A	0	217	5
2025-08-11	$47.89	$42.00	24.3%	4.3%	14.9%	15.1%	16.2%	1.0%	-1.2%	54.9K	-686.3K	-963	121.83	N/A	N/A	2	217	5
2025-08-12	$48.74	$42.00	25.3%	2.9%	15.9%	16.1%	0.0%	2.0%	4.2%	55.5K	-800.7K	-766	122.69	N/A	N/A	0	217	5
2025-08-13	$49.07	$42.00	11.0%	3.1%	16.0%	0.9%	0.0%	2.0%	3.6%	40.7K	-844.3K	-714	124.37	N/A	N/A	0	217	5
2025-08-14	$49.02	$42.00	11.8%	3.4%	15.9%	1.9%	0.0%	0.7%	0.6%	55.1K	-841.9K	-675	122.71	N/A	N/A	0	217	5
2025-08-15	$49.34	$42.00	10.1%	2.9%	16.0%	0.0%	8.7%	1.3%	3.8%	55.7K	-886.6K	-582	124.62	N/A	N/A	41	217	5
2025-08-18	$49.25	$42.00	12.8%	3.7%	16.1%	2.9%	0.0%	0.4%	1.0%	37.5K	-804.0K	-696	123.73	N/A	N/A	0	197	4
2025-08-19	$49.27	$42.00	14.3%	4.1%	15.9%	4.5%	0.0%	2.5%	1.5%	33.2K	-824.1K	-675	120.40	N/A	N/A	0	197	4
2025-08-20	$49.55	$42.00	12.6%	3.6%	13.8%	2.7%	0.0%	2.6%	-1.7%	32.6K	-838.6K	-662	122.64	N/A	N/A	0	197	4
2025-08-21	$49.59	$42.00	13.4%	3.8%	13.1%	3.6%	0.0%	1.7%	-3.0%	34.7K	-827.5K	-644	123.53	N/A	N/A	0	197	4
2025-08-22	$49.81	$42.00	11.2%	3.2%	13.2%	1.2%	0.0%	0.6%	-0.4%	28.5K	-876.7K	-544	125.17	N/A	N/A	1	197	4
2025-08-25	$49.80	$42.00	16.3%	4.7%	10.3%	6.6%	0.0%	-1.3%	-2.0%	37.4K	-852.4K	-556	116.67	N/A	N/A	0	197	4
2025-08-26	$49.55	$42.00	14.5%	4.2%	10.6%	4.7%	0.0%	4.2%	-2.7%	35.8K	-834.3K	-596	124.22	N/A	N/A	0	197	4
2025-08-27	$49.16	$42.00	12.1%	3.5%	10.6%	2.1%	0.0%	2.5%	2.2%	38.6K	-823.6K	-596	119.45	N/A	N/A	0	197	4
2025-08-28	$49.27	$42.00	12.9%	3.7%	10.3%	3.0%	0.0%	1.4%	1.4%	36.8K	-821.3K	-607	120.31	N/A	N/A	0	197	4
2025-08-29	$49.42	$42.00	12.2%	3.5%	10.2%	2.3%	0.0%	2.5%	3.8%	36.2K	-827.9K	-595	127.75	N/A	N/A	0	197	4