SPEU Options History — December 2025 In December 2025, SPEU traded between $50.51 and $52.94. ATM implied volatility averaged 13.5%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded below realized volatility by 8.3% (HV 20d: 21.9%). Max pain ranged from $45.00 to $51.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.08.
Notable Days 2025-12-10 : Highest Volume — 20 contracts2025-12-08 : Largest IV spike — 34.1% change2025-12-09 : Highest IV Rank — 9.7%2025-12-03 : Largest Expected Move — 4.5%Monthly Statistics Metric Avg Min Max Open Close Price $51.78 $50.51 $52.94 $50.80 $52.94 Max Pain $47.18 $45.00 $51.00 $47.00 $51.00 ATM IV 13.5% 10.5% 19.2% 13.0% 15.5% Expected Move 3.7% 3.0% 4.5% 3.7% 4.4% HV 20d 21.9% 20.1% 23.5% 21.4% 20.1% HV 60d 19.2% 17.6% 20.2% 18.1% 19.9% IV Rank 3.7% 0.5% 9.7% 3.1% 5.8% IV Percentile 30.7% 0.8% 86.9% 20.6% 60.3% Term Structure -0.4% -5.8% 5.3% -0.8% -1.3% VWIV 10.3% 9.8% 10.8% 9.8% 10.8% Skew 25d 1.7% -1.2% 9.3% 2.5% 2.8% Skew 10d 3.4% -2.5% 14.4% 2.6% 6.2% Call IV 25d 12.8% 7.5% 15.0% 13.7% 15.0% Put IV 25d 14.4% 11.4% 18.4% 16.2% 17.7% Bid-Ask Spread % 138.07 127.80 143.38 127.86 140.25 Gamma HHI 0.37 0.23 0.44 0.24 0.44 Net GEX 7.9K 1.2K 12.2K 9.8K 2.6K Net DEX -160.4K -245.7K -67.0K -185.2K -79.5K Net VEX -224 -289 -149 -172 -190 Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.08 0.00 0.22 0.00 0.00 Total Volume 3.227 0 20 0 2 Total OI 51.773 29 66 54 33
Daily Data (22 trading days) Date Price Max Pain ATM IV Exp Move HV 20d IV Rank VWIV Skew 25d Term Str GEX DEX VEX P/C Spread % Call Wall Put Wall Call Vol Put Vol Call OI Put OI 2025-12-01 $50.80 $47.00 13.0% 3.7% 21.4% 3.1% 0.0% 2.5% -0.8% 9.8K -185.2K -172 0.00 127.86 N/A N/A 0 0 47 7 2025-12-02 $50.51 $47.00 13.3% 3.8% 21.3% 3.4% 0.0% 0.8% -3.1% 10.5K -177.8K -182 0.00 128.32 N/A N/A 0 0 47 7 2025-12-03 $51.77 $47.00 15.8% 4.5% 22.9% 6.0% 0.0% 5.5% -1.8% 7.8K -201.3K -161 0.00 127.80 N/A N/A 0 0 47 7 2025-12-04 $51.11 $45.00 13.9% 3.4% 23.4% 4.0% 0.0% 0.8% 1.1% 9.2K -194.6K -149 0.00 139.55 N/A N/A 10 0 47 7 2025-12-05 $51.48 $45.00 13.4% 3.2% 23.5% 3.5% 0.0% 2.2% 3.7% 11.1K -237.0K -238 0.00 140.10 N/A N/A 0 0 57 7 2025-12-08 $51.70 $45.00 18.0% 3.5% 23.3% 8.4% 9.8% -0.7% 0.5% 11.9K -242.1K -220 0.00 134.12 N/A N/A 0 1 57 7 2025-12-09 $51.65 $45.00 19.2% 3.4% 22.7% 9.7% 0.0% -1.2% 0.2% 10.9K -238.9K -222 0.00 140.72 N/A N/A 0 0 57 8 2025-12-10 $52.34 $45.00 13.8% 4.0% 22.4% 3.9% 0.0% 9.3% 5.3% 12.2K -245.7K -198 0.18 135.62 N/A N/A 17 3 57 8 2025-12-11 $51.22 $45.00 13.7% 3.9% 22.2% 3.9% 0.0% 0.3% -5.5% 10.5K -199.6K -241 0.22 140.35 N/A N/A 9 2 50 11 2025-12-12 $51.75 $45.00 10.5% 3.0% 21.5% 0.5% 0.0% 1.8% 3.0% 12.0K -179.3K -289 0.00 137.72 N/A N/A 0 1 49 13 2025-12-15 $51.86 $45.00 12.0% 3.4% 21.4% 2.1% 0.0% 1.1% 0.7% 10.8K -183.3K -265 0.00 141.09 N/A N/A 0 0 49 14 2025-12-16 $51.30 $45.00 14.0% 4.0% 21.8% 4.1% 0.0% -0.2% -4.4% 10.5K -166.8K -265 0.00 138.47 N/A N/A 0 0 49 14 2025-12-17 $51.11 $45.00 13.9% 4.0% 21.8% 4.1% 0.0% 0.4% -5.8% 10.8K -159.7K -260 0.00 138.72 N/A N/A 0 1 49 14 2025-12-18 $52.00 $45.00 12.0% 3.4% 21.0% 2.0% 10.8% 1.4% 0.6% 11.3K -188.3K -248 0.00 133.67 N/A N/A 7 0 49 14 2025-12-19 $52.83 $45.00 12.6% 3.6% 21.4% 2.7% 0.0% 3.6% 1.6% 9.7K -231.5K -183 0.00 140.89 N/A N/A 9 0 52 14 2025-12-22 $51.69 $51.00 11.3% 3.2% 22.6% 1.2% 0.0% 0.3% -0.9% 2.9K -68.4K -233 0.00 141.05 N/A N/A 0 0 21 8 2025-12-23 $52.20 $51.00 11.6% 3.3% 22.7% 1.6% 0.0% 1.5% 0.9% 2.7K -74.0K -222 0.00 142.32 N/A N/A 0 3 21 8 2025-12-24 $51.70 $51.00 11.5% 3.3% 22.9% 1.4% 0.0% -0.2% 0.1% 2.0K -67.0K -251 0.00 141.49 N/A N/A 0 1 21 11 2025-12-26 $52.24 $51.00 11.9% 3.4% 20.2% 1.9% 0.0% 0.8% -1.1% 1.2K -68.9K -251 0.00 142.61 N/A N/A 0 0 21 13 2025-12-29 $52.25 $51.00 12.9% 3.7% 20.2% 3.0% 0.0% 1.5% -0.4% 1.3K -67.8K -251 0.00 141.35 N/A N/A 0 1 21 13 2025-12-30 $52.72 $51.00 14.0% 4.0% 20.3% 4.1% 0.0% 2.8% -1.4% 1.5K -73.0K -232 0.00 143.38 N/A N/A 0 4 21 12 2025-12-31 $52.94 $51.00 15.5% 4.4% 20.1% 5.8% 0.0% 2.8% -1.3% 2.6K -79.5K -190 0.00 140.25 N/A N/A 0 2 21 12
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