SPEU Options History — February 2026

In February 2026, SPEU traded between $54.95 and $56.41. ATM implied volatility averaged 14.5%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 1.6% (HV 20d: 16.1%). Max pain ranged from $50.00 to $53.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.17.

Notable Days

  • 2026-02-12: Highest Volume — 26 contracts
  • 2026-02-17: Largest IV spike — 29.4% change
  • 2026-02-06: Highest IV Rank — 8.5%
  • 2026-02-19: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.78$54.95$56.41$55.11$56.30
Max Pain$50.47$50.00$53.00$53.00$50.00
ATM IV14.5%12.3%18.1%13.6%12.7%
Expected Move4.0%3.5%4.6%3.9%3.6%
HV 20d16.1%13.8%17.7%16.9%13.8%
HV 60d18.2%16.7%19.3%19.3%16.7%
IV Rank4.6%2.3%8.5%3.8%2.8%
IV Percentile47.7%17.5%81.0%39.3%22.2%
Term Structure1.0%-0.5%3.4%1.2%3.4%
VWIV18.5%14.4%22.5%22.5%14.4%
Skew 25d1.9%-0.2%4.9%1.9%4.3%
Skew 10d2.8%-1.3%7.6%4.9%2.6%
Call IV 25d12.3%9.6%14.1%13.4%10.8%
Put IV 25d14.3%12.5%17.2%15.4%15.1%
Bid-Ask Spread %123.13115.95135.96135.96122.94
Gamma HHI0.490.450.530.470.50
Net GEX83.4K71.8K101.2K72.3K95.0K
Net DEX-800.1K-932.0K-645.1K-701.8K-932.0K
Net VEX-2.2K-2.4K-2.1K-2.3K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.170.001.000.000.00
Total Volume2.15802600
Total OI270.316257285257283

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$55.11$53.0013.6%3.9%16.9%3.8%0.0%1.9%1.2%72.3K-701.8K-2.3K0.00135.96N/AN/A0024017
2026-02-03$55.26$53.0014.8%4.3%16.7%5.0%22.5%3.1%1.5%74.9K-683.3K-2.3K0.00132.45N/AN/A4024017
2026-02-04$55.44$53.0013.1%3.8%16.6%3.2%0.0%-0.2%0.2%74.5K-741.4K-2.3K0.00134.04N/AN/A0024217
2026-02-05$54.95$50.0016.9%4.0%17.0%7.2%0.0%0.5%1.8%71.8K-645.1K-2.3K0.00119.07N/AN/A0024217
2026-02-06$55.88$50.0018.1%3.5%17.7%8.5%0.0%0.9%1.3%101.2K-766.4K-2.2K0.00121.64N/AN/A0024217
2026-02-09$56.02$50.0014.3%3.7%17.7%4.5%0.0%1.6%1.4%85.6K-824.5K-2.2K0.00119.87N/AN/A0024217
2026-02-10$56.09$50.0014.5%3.8%17.6%4.7%0.0%1.4%1.4%83.8K-845.5K-2.2K0.00122.96N/AN/A0024217
2026-02-11$55.60$50.0013.3%3.8%16.4%3.4%0.0%1.6%1.2%79.5K-798.7K-2.2K0.00120.37N/AN/A0024217
2026-02-12$55.63$50.0015.5%4.5%15.3%5.8%0.0%0.9%-0.0%72.9K-777.9K-2.2K1.00115.95N/AN/A131324217
2026-02-13$55.88$50.0012.3%3.5%15.4%2.3%0.0%2.3%1.8%87.5K-787.3K-2.4K0.00120.71N/AN/A2025530
2026-02-17$55.39$50.0015.9%4.6%15.8%6.2%0.0%1.7%0.4%76.5K-747.3K-2.4K0.00119.25N/AN/A0025330
2026-02-18$56.03$50.0014.4%4.1%15.1%4.6%14.4%1.5%0.7%82.7K-842.8K-2.3K0.00121.63N/AN/A3025330
2026-02-19$55.30$50.0016.2%4.6%15.9%6.5%0.0%1.8%-0.0%74.4K-759.8K-2.3K0.00121.40N/AN/A0025330
2026-02-20$56.28$50.0012.8%3.7%16.7%2.9%0.0%0.4%2.4%96.1K-868.6K-2.2K0.00120.16N/AN/A0025330
2026-02-23$56.01$50.0015.2%4.3%16.7%5.4%0.0%1.4%-0.5%84.6K-826.7K-2.2K0.00120.95N/AN/A0025027
2026-02-24$56.01$50.0014.6%4.2%16.5%4.8%0.0%3.2%-0.1%87.3K-830.7K-2.2K0.00123.24N/AN/A0025027
2026-02-25$56.41$50.0012.5%3.6%14.0%2.6%0.0%4.9%1.7%90.3K-928.2K-2.1K0.00124.40N/AN/A1025027
2026-02-26$56.22$50.0013.8%3.9%13.8%3.9%0.0%2.9%0.0%93.3K-893.9K-2.1K0.00122.41N/AN/A5025127
2026-02-27$56.30$50.0012.7%3.6%13.8%2.8%0.0%4.3%3.4%95.0K-932.0K-2.1K0.00122.94N/AN/A0025627