SPAX
T-REX 2X Long SpaceX Daily Target ETF
$8.11
SPAX ETF Options Chain and Prices
See Unusual Options Activity for SPAX 🔥
In the Money
SPAX Option Calls
11/20/26 (m)SPAX Option Puts
SPAX Option Calls 11/20/26 (m)
| 1.0 | $10.25 | +10.81% | 1 | 1 | 10/21, 01:35 PM |
| 2.0 | ― | ― | ― | ― | ― |
| 3.0 | ― | ― | ― | ― | ― |
| 4.0 | ― | ― | ― | ― | ― |
| 5.0 | ― | ― | ― | ― | ― |
| 6.0 | $2.30 | -8.00% | 1 | 24 | 11/10, 05:50 PM |
| 7.0 | $1.76 | +3.53% | 1 | 46 | 11/11, 04:46 PM |
| 8.0 | $0.75 | -15.73% | 9 | 177 | 11/11, 08:57 PM |
| 9.0 | $0.47 | +4.44% | 51 | 79 | 11/11, 06:38 PM |
| 10.0 | $0.20 | -33.33% | 6 | 191 | 11/11, 04:17 PM |
| 11.0 | $0.10 | +100.00% | 9 | 426 | 11/11, 06:10 PM |
| 12.0 | $0.10 | -71.43% | 30 | 155 | 11/02, 07:57 PM |
| 13.0 | $0.18 | -70.00% | 5 | 47 | 10/26, 03:07 PM |
| 14.0 | $0.25 | +400.00% | 4 | 167 | 11/11, 02:52 PM |
| 15.0 | $0.06 | -64.71% | 1 | 26 | 10/28, 06:22 PM |
| 16.0 | $0.15 | -54.55% | 10 | 44 | 10/22, 03:45 PM |
| 17.0 | $0.40 | -42.86% | 2 | 1 | 10/12, 01:57 PM |
| 18.0 | ― | ― | ― | ― | ― |
SPAX Option Puts 11/20/26 (m)
| 1.0 | ― | ― | ― | ― | ― |
| 2.0 | $0.04 | 0.00% | 10 | 0 | 10/02, 06:13 PM |
| 3.0 | ― | ― | ― | ― | ― |
| 4.0 | $0.02 | -75.00% | 6 | 20 | 11/06, 08:13 PM |
| 5.0 | $0.10 | -60.00% | 3 | 2 | 11/06, 08:19 PM |
| 6.0 | $0.10 | -60.00% | 4 | 7 | 11/09, 05:31 PM |
| 7.0 | $0.30 | -58.33% | 2 | 82 | 11/09, 03:57 PM |
| 8.0 | $0.60 | +9.09% | 5 | 371 | 11/11, 08:45 PM |
| 9.0 | $1.16 | -5.69% | 3 | 345 | 11/11, 03:05 PM |
| 10.0 | $1.85 | -5.13% | 198 | 337 | 11/10, 02:57 PM |
| 11.0 | $2.70 | -41.94% | 1 | 30 | 11/10, 03:25 PM |
| 12.0 | $3.30 | +3.13% | 3 | 135 | 10/29, 04:04 PM |
| 13.0 | $3.85 | 0.00% | 1 | 0 | 10/15, 07:10 PM |
| 14.0 | $2.30 | 0.00% | 2 | 0 | 10/06, 03:06 PM |
| 15.0 | $3.57 | 0.00% | 1 | 0 | 10/05, 03:27 PM |
| 16.0 | ― | ― | ― | ― | ― |
| 17.0 | ― | ― | ― | ― | ― |
| 18.0 | ― | ― | ― | ― | ― |
SPAX Options Summary
Expiring Nov 20, 2026 · As of Nov 11, 2026, 3:57 PM ET
- Put/Call Ratio (Volume)
- 1.83
- Put/Call Ratio (Open Interest)
- 0.95
- ATM Implied Volatility
- 133.7%
- Expected Move by Nov 20, 2026
- ±$1.35 (±16.65%)
- Max Pain
- $10.00
Top 5 Strikes by Open Interest
| Strike | Call OI | Put OI | Total OI |
|---|---|---|---|
| $8.00 | 177 | 371 | 548 |
| $10.00 | 191 | 337 | 528 |
| $11.00 | 426 | 30 | 456 |
| $9.00 | 79 | 345 | 424 |
| $12.00 | 155 | 135 | 290 |
FAQ
What is the put/call ratio for SPAX options?
SPAX options expiring Nov 20, 2026 show a put/call volume ratio of 1.83 (241 puts vs. 132 calls traded) and a put/call open interest ratio of 0.95 (1,329 puts vs. 1,392 calls open) as of Nov 11, 2026, 3:57 PM ET. A ratio above 1 means more puts than calls, which often reflects hedging or a bearish tilt.
What is the implied volatility of SPAX options?
The at-the-money implied volatility of SPAX options expiring Nov 20, 2026 is 133.7%, derived from the prices of the $8.00 strike call and put as of Nov 11, 2026, 3:57 PM ET.
What is the expected move for SPAX by Nov 20, 2026?
The options market prices an expected move of ±$1.35 (±16.65%) for SPAX by the Nov 20, 2026 expiration. This is the price of the at-the-money straddle at the $8.00 strike.
What is the max pain price for SPAX options?
The max pain strike for SPAX options expiring Nov 20, 2026 is $10.00. At that price, the open SPAX calls and puts would pay their holders the least at expiration.
Which SPAX option strikes have the most open interest?
For the Nov 20, 2026 expiration, the SPAX strikes with the most open interest are $8.00 (548 contracts), $10.00 (528 contracts), $11.00 (456 contracts), $9.00 (424 contracts), $12.00 (290 contracts).
Options chain for T-REX 2X Long SpaceX Daily Target ETF (SPAX).
