What is SPY's IV rank?

At the close on Sep 28, 2026, SPY's IV rank was 15 with 30-day implied volatility of 13.4%. IV sits 15% of the way from its one-year low to its one-year high. Its IV percentile was 30: IV is higher than 30% of the past year's readings.

What is the expected move for SPY?

Based on the close on Sep 28, 2026, options expiring Oct 30, 2026 priced a one standard deviation move of $30.72 (4.0%), a range of $734.89 to $796.33. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.

Which option screens have trades on SPY?

At the close on Sep 28, 2026, these OptionClaws preset screens had passing trades on SPY: Married Put Protection (109), Long Call Butterflies for Pinning (86), Iron Condor, 2-ATR Profit Zone (5). Open a screen in the app to see the individual trades, refreshed intraday.

Is SPY option volume above average?

On Sep 28, 2026, SPY option volume was 1.3x its average, close to normal.

SPY options: IV rank, expected move and trade screens

SPDR S&P 500 ETF Trust · ETFETF

As of the close on Sep 28, 2026. In the app, data is refreshed intraday.

SPY closed at $765.61 on Sep 28, 2026 with 30-day implied volatility of 13.4%. That is near the bottom of its one-year range (IV rank 15), so options on SPY are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 30% of the past year's readings. Options expiring Oct 30 (32 days out) price a one standard deviation move of about $30.72, or 4.0%.

The price is above both its 50-day (+0.5%) and 200-day (+6.5%) moving averages. It is trading within 1.6% of its 52-week high. The 14-day RSI of 50.5 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $6.71, about 0.9% of the price, a measure of a typical day's range.

Option volume at the close (8.69M contracts) was 1.3x its average, close to normal. A beta of 1.00 means SPY has tended to move about 1.0 times as much as the broad market. 3 of our preset screens found trades on SPY at the close, led by Married Put Protection with 109 trades.

SPY stats at the close

Price: $765.61
Implied volatility: 13.4%; 30-day, at the money
IV rank: 15; IV sits 15% of the way from its one-year low to its one-year high.
IV percentile: 30; IV is higher than 30% of the past year's readings.
ATR (14-day): $6.71; 0.9% of the price on a typical day
RSI (14-day): 50.5; Between 30 and 70, neutral
52-week range: -1.6% from high; +21.1% from the 52-week low
Moving averages: +0.5% vs 50-day; +6.5% vs the 200-day
Beta: 1.00; Sensitivity to the broad market
Option volume: 1.3x avg; 8.69M contracts vs 6.84M average

SPY expected move by expiration

Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.

Expiration	IV	Expected move	1 SD range	Straddle
Sep 30, 20262 days	13.3%	±$7.55 (1.0%)	$758.06 to $773.16	$6.03
Oct 30, 202632 days	13.6%	±$30.72 (4.0%)	$734.89 to $796.33	$24.56
Nov 30, 202663 days	13.9%	±$44.27 (5.8%)	$721.34 to $809.88	$35.47
Dec 31, 202694 days	14.4%	±$55.78 (7.3%)	$709.83 to $821.39	$44.77

Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.

Trades that pass our screens as of the close

Counts and ranges for SPY from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.

Married Put Protection

Married Put

109 trades pass on SPY

Probability of profit: 37.1% to 48.0%

Married put screener

Long Call Butterflies for Pinning

Call Butterfly

86 trades pass on SPY

Return on risk: 192.0% to 1,000%+
Probability of profit: 2.9% to 57.7%

Butterfly spread screener

Iron Condor, 2-ATR Profit Zone

Iron Condor

5 trades pass on SPY

Return on risk: 28.2% to 48.2%
Probability of profit: 70.1% to 77.7%

Iron condor scanner

SPY options FAQ

What is SPY's IV rank?: At the close on Sep 28, 2026, SPY's IV rank was 15 with 30-day implied volatility of 13.4%. IV sits 15% of the way from its one-year low to its one-year high. Its IV percentile was 30: IV is higher than 30% of the past year's readings.
What is the expected move for SPY?: Based on the close on Sep 28, 2026, options expiring Oct 30, 2026 priced a one standard deviation move of $30.72 (4.0%), a range of $734.89 to $796.33. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.
Which option screens have trades on SPY?: At the close on Sep 28, 2026, these OptionClaws preset screens had passing trades on SPY: Married Put Protection (109), Long Call Butterflies for Pinning (86), Iron Condor, 2-ATR Profit Zone (5). Open a screen in the app to see the individual trades, refreshed intraday.
Is SPY option volume above average?: On Sep 28, 2026, SPY option volume was 1.3x its average, close to normal.

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Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.