SPEU Options History — October 2025

In October 2025, SPEU traded between $49.39 and $51.66. ATM implied volatility averaged 14.6%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 2.0% (HV 20d: 16.6%). Max pain ranged from $46.00 to $48.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.29.

Notable Days

  • 2025-10-17: Highest Volume — 10 contracts
  • 2025-10-15: Largest IV drop — 47.8% change
  • 2025-10-14: Highest IV Rank — 13.4%
  • 2025-10-16: Largest Expected Move — 4.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.76$49.39$51.66$50.36$50.12
Max Pain$46.26$46.00$48.00$48.00$46.00
ATM IV14.6%11.3%22.7%13.2%11.7%
Expected Move3.6%3.0%4.3%3.8%3.3%
HV 20d16.6%11.8%19.4%16.3%19.1%
HV 60d14.9%14.0%15.7%14.2%15.7%
IV Rank4.8%1.3%13.4%3.3%1.7%
IV Percentile34.3%2.4%92.5%19.4%4.0%
Term Structure2.0%-0.7%5.1%-0.7%2.5%
VWIV16.5%13.5%19.4%19.4%13.5%
Skew 25d1.6%-1.3%4.1%-1.1%0.0%
Skew 10d-0.3%-5.3%2.3%-5.2%-2.3%
Call IV 25d12.3%10.6%14.4%13.8%13.2%
Put IV 25d13.9%11.1%15.8%12.7%13.3%
Bid-Ask Spread %132.78120.80140.00135.72137.64
Gamma HHI0.380.270.450.410.33
Net GEX9.1K6.2K11.7K9.7K9.4K
Net DEX-166.9K-200.0K-127.3K-158.2K-154.7K
Net VEX-202-291-90-274-254
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.002.002.000.00
Total Volume1.1301000
Total OI49.60946535051

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$50.36$48.0013.2%3.8%16.3%3.3%0.0%-1.1%-0.7%9.7K-158.2K-2740.00135.72N/AN/A00428
2025-10-02$50.56$48.0013.2%3.8%14.8%3.3%0.0%-1.3%-0.3%9.3K-165.0K-2532.00134.94N/AN/A12428
2025-10-03$50.83$48.0012.8%3.7%13.7%2.9%0.0%1.9%-0.5%8.3K-166.3K-2370.00134.40N/AN/A004110
2025-10-06$51.34$46.0014.2%3.1%11.8%4.4%0.0%0.5%2.5%9.7K-178.6K-1730.00133.07N/AN/A204110
2025-10-07$51.01$46.0016.3%3.2%12.2%6.6%19.4%1.3%2.1%9.8K-162.6K-2330.00129.50N/AN/A104110
2025-10-08$50.45$46.0018.4%3.4%12.8%8.8%0.0%1.3%2.2%8.5K-152.5K-2650.00133.34N/AN/A004110
2025-10-09$50.66$46.0019.0%3.0%12.9%9.5%0.0%1.3%2.4%9.8K-153.5K-2520.00127.64N/AN/A004110
2025-10-10$49.39$46.0020.4%4.0%15.9%11.0%0.0%0.8%0.2%7.8K-127.3K-2910.00120.80N/AN/A004110
2025-10-13$50.33$46.0021.1%3.7%17.1%11.7%0.0%1.9%2.4%11.0K-145.3K-2510.00128.15N/AN/A004110
2025-10-14$50.06$46.0022.7%4.0%17.2%13.4%13.5%1.3%0.7%9.8K-138.1K-2670.00127.75N/AN/A204110
2025-10-15$50.55$46.0011.9%3.4%17.4%1.9%0.0%1.1%2.0%11.7K-162.9K-2320.00128.18N/AN/A004310
2025-10-16$50.34$46.0015.0%4.3%17.2%5.3%0.0%2.2%1.1%9.9K-159.5K-2470.00126.17N/AN/A004310
2025-10-17$50.84$46.0011.3%3.3%17.5%1.3%0.0%1.0%1.4%10.0K-170.4K-2030.00128.72N/AN/A1004310
2025-10-20$51.29$46.0013.7%3.9%17.5%3.8%0.0%3.3%5.1%7.8K-185.5K-1170.00134.37N/AN/A10434
2025-10-21$51.18$46.0012.7%3.6%16.9%2.8%0.0%3.6%4.9%8.3K-180.4K-1100.00135.05N/AN/A00424
2025-10-22$50.30$46.0012.1%3.5%18.2%2.1%0.0%0.3%1.9%8.8K-154.4K-2390.00133.51N/AN/A00424
2025-10-23$51.37$46.0012.8%3.7%19.4%2.9%0.0%3.5%2.7%6.2K-183.9K-1040.00136.53N/AN/A00424
2025-10-24$51.28$46.0011.5%3.3%19.3%1.5%0.0%3.1%3.9%10.4K-179.0K-1410.00140.00N/AN/A40424
2025-10-27$51.66$46.0013.5%3.9%19.4%3.6%0.0%3.2%1.9%6.3K-200.0K-900.00139.38N/AN/A00444
2025-10-28$51.59$46.0013.1%3.8%17.9%3.2%0.0%4.1%1.5%6.2K-199.1K-920.00139.11N/AN/A00444
2025-10-29$51.00$46.0012.2%3.5%18.5%2.2%0.0%1.3%3.4%9.0K-178.3K-1900.00132.21N/AN/A00444
2025-10-30$50.87$46.0013.3%3.8%18.5%3.4%0.0%1.8%3.1%11.7K-182.1K-1410.00137.77N/AN/A03444
2025-10-31$50.12$46.0011.7%3.3%19.1%1.7%0.0%0.0%2.5%9.4K-154.7K-2540.00137.64N/AN/A00447