SPEU Options History — January 2026

In January 2026, SPEU traded between $52.60 and $56.00. ATM implied volatility averaged 14.7%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded below realized volatility by 2.0% (HV 20d: 16.7%). Max pain ranged from $48.00 to $53.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.03.

Notable Days

  • 2026-01-23: Highest Volume — 101 contracts
  • 2026-01-08: Largest IV spike — 51.7% change
  • 2026-01-13: Highest IV Rank — 16.5%
  • 2026-01-28: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$54.15$52.60$56.00$52.60$54.87
Max Pain$50.15$48.00$53.00$51.00$53.00
ATM IV14.7%11.9%25.6%13.8%13.2%
Expected Move3.5%3.1%4.5%4.0%3.8%
HV 20d16.7%14.0%18.5%18.5%17.1%
HV 60d19.2%18.7%19.9%19.9%19.3%
IV Rank4.9%1.9%16.5%4.0%3.3%
IV Percentile39.4%9.1%96.4%40.1%30.2%
Term Structure1.5%-1.9%4.1%-1.9%2.7%
VWIV13.2%10.3%16.1%10.3%16.1%
Skew 25d3.5%-0.2%8.3%1.0%2.1%
Skew 10d6.4%0.3%12.4%1.5%3.5%
Call IV 25d10.7%6.9%14.6%14.6%12.9%
Put IV 25d14.2%11.5%19.6%15.6%15.1%
Bid-Ask Spread %134.57125.97141.18141.18129.90
Gamma HHI0.500.310.730.410.45
Net GEX28.3K-1.7K89.6K1.4K68.9K
Net DEX-277.9K-753.4K-74.6K-74.6K-664.8K
Net VEX-901-2.4K-120-223-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.006.006.000.00
Total Volume12.9010100
Total OI119.73325733257

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$52.60$51.0013.8%4.0%18.5%4.0%0.0%1.0%-1.9%1.4K-74.6K-2230.00141.18N/AN/A002112
2026-01-05$53.07$48.0011.9%3.3%17.9%1.9%0.0%0.8%1.4%1.3K-79.4K-2090.00131.04N/AN/A012112
2026-01-06$53.39$48.0014.7%3.1%17.9%4.9%0.0%1.0%2.0%864-84.0K-1976.00138.93N/AN/A162113
2026-01-07$53.25$48.0013.4%3.1%17.9%3.5%0.0%1.2%1.9%557-80.8K-2330.00137.92N/AN/A202216
2026-01-08$53.65$48.0020.3%3.2%18.0%10.9%0.0%0.4%-0.3%1.2K-84.6K-2050.00138.02N/AN/A012216
2026-01-09$54.02$48.0019.0%3.3%17.6%9.5%0.0%4.6%3.7%-950-95.9K-1460.00135.83N/AN/A002215
2026-01-12$54.37$48.0021.7%3.5%15.4%12.4%0.0%6.8%2.8%-1.7K-101.1K-1200.00138.99N/AN/A002215
2026-01-13$53.38$48.0025.6%3.4%16.9%16.5%10.3%0.4%-0.8%710-84.2K-2190.22136.55N/AN/A3272215
2026-01-14$54.34$48.0012.4%3.6%17.9%2.5%0.0%7.8%2.7%8.3K-141.5K-3550.00138.21N/AN/A3005316
2026-01-15$54.40$48.0012.4%3.6%17.2%2.5%0.0%7.7%2.1%18.6K-186.6K-5760.00137.68N/AN/A3008316
2026-01-16$54.46$48.0011.9%3.4%17.0%1.9%0.0%8.3%3.3%29.1K-225.7K-7570.00137.17N/AN/A0011316
2026-01-20$53.67$48.0012.2%3.5%17.3%2.2%16.1%-0.2%0.2%23.5K-184.2K-7820.10127.45N/AN/A10111317
2026-01-21$54.01$53.0013.4%3.8%16.6%3.5%0.0%5.0%4.1%29.6K-201.7K-7580.00131.33N/AN/A0012318
2026-01-22$53.66$53.0012.0%3.4%14.5%2.1%0.0%1.1%-0.1%31.8K-234.7K-9450.00135.55N/AN/A14012318
2026-01-23$54.06$53.0011.9%3.4%14.4%2.0%0.0%1.3%0.0%36.6K-240.2K-9000.01131.39N/AN/A100112718
2026-01-26$54.58$53.0011.9%3.4%14.0%2.0%0.0%1.7%-0.1%69.6K-621.7K-2.3K4.00132.49N/AN/A2822719
2026-01-27$56.00$53.0013.9%4.0%16.0%4.1%0.0%6.6%2.8%89.6K-753.4K-2.2K1.00133.30N/AN/A1122917
2026-01-28$55.59$53.0015.7%4.5%16.4%6.0%0.0%5.1%3.1%78.4K-689.6K-2.2K0.00132.46N/AN/A10023017
2026-01-29$55.56$53.0012.9%3.7%16.3%3.0%0.0%6.4%-0.1%78.3K-728.6K-2.4K0.00125.97N/AN/A0024017
2026-01-30$54.87$53.0013.2%3.8%17.1%3.3%0.0%2.1%2.7%68.9K-664.8K-2.4K0.00129.90N/AN/A0024017