# ROBINSON ALTERNATIVE YIELD PRE (SPAX) Option Chains

> SPAX option chain: calls and puts by expiration with bid, ask, last and theoretical price, volume, open interest, implied volatility and Greeks.

Data as of Nov 10, 2026 (end of day).

## SPAX quote

| Field | Value |
|---|---|
| Last | 8.50 |
| Change | +0.10 |
| Open | 8.05 |
| Previous | 8.40 |
| High | 8.72 |
| Low | 7.86 |
| Bid | - |
| Ask | - |
| Volume | 2,092,365 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 128.5% |
| Hist Vol | 137.3% |
| Opt Volume | 499 |
| Open Int | 7,668 |

Calls and puts, near-the-money strikes, expirations through the end of the second month out. Stock price: 8.50.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-04-16.

**Price** is the last trade, **TPrice** the theoretical value (Black-Scholes on historical volatility), **IVol** the implied volatility. **NS** is the contract type: S standard, W weekly, Q quarterly, FR fixed return, NS non-standard (adjusted). A contract's daily price history: `/quotes/option-prices.md?optsym=<Symbol>`.

Change the view with query parameters: `expirations` (1, 2, 3, 6, 9 or -1 for all), `expiry` (YYYY-MM-DD, one expiration), `range` (ntm, otm, itm, all), `putcall` (C, P), `strike` (one strike across expirations), `date` (an earlier session, subscribers). Example: `/quotes/stock-option-chains/SPAX.md?expirations=-1&range=all`.

## Expires Nov 20, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 6.00 | SPAX 261120C00006000 | 2.25 | 2.75 | 2.30 | 2.55 | 1 | 24 | 139.65% | 0.9477 | -0.0105 | 0.0015 | 0.0544 | 0.0015 | S |
| 7.00 | SPAX 261120C00007000 | 1.35 | 1.85 | 1.70 | 1.68 | 2 | 48 | 139.93% | 0.8300 | -0.0249 | 0.0036 | 0.1285 | 0.0015 | S |
| 8.00 | SPAX 261120C00008000 | 0.70 | 1.05 | 0.89 | 1.00 | 13 | 174 | 111.69% | 0.6630 | -0.0287 | 0.0051 | 0.2324 | 0.0013 | S |
| 9.00 | SPAX 261120C00009000 | 0.30 | 0.65 | 0.45 | 0.53 | 20 | 82 | 116.25% | 0.4205 | -0.0320 | 0.0055 | 0.2391 | 0.0009 | S |
| 10.00 | SPAX 261120C00010000 | 0.05 | 0.50 | 0.30 | 0.26 | 10 | 181 | 139.26% | 0.2777 | -0.0329 | 0.0047 | 0.1711 | 0.0006 | S |
| 11.00 | SPAX 261120C00011000 | 0.00 | 0.35 | 0.05 | 0.12 | 0 | 426 | 104.52% | 0.0802 | -0.0110 | 0.0021 | 0.1013 | 0.0002 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 6.00 | SPAX 261120P00006000 | 0.00 | 0.35 | 0.10 | 0.03 | 0 | 9 | 168.36% | -0.0824 | -0.0180 | 0.0021 | 0.0642 | -0.0002 | S |
| 7.00 | SPAX 261120P00007000 | 0.15 | 0.40 | 0.30 | 0.16 | 2 | 82 | 166.57% | -0.1999 | -0.0328 | 0.0039 | 0.1194 | -0.0005 | S |
| 8.00 | SPAX 261120P00008000 | 0.35 | 0.75 | 0.55 | 0.48 | 0 | 371 | 142.55% | -0.3538 | -0.0373 | 0.0052 | 0.1854 | -0.0010 | S |
| 9.00 | SPAX 261120P00009000 | 1.00 | 1.35 | 1.23 | 1.01 | 0 | 345 | 166.65% | -0.5276 | -0.0466 | 0.0056 | 0.1697 | -0.0016 | S |
| 10.00 | SPAX 261120P00010000 | 1.50 | 2.05 | 1.85 | 1.74 | 198 | 337 | 149.75% | -0.7025 | -0.0365 | 0.0049 | 0.1644 | -0.0021 | S |
| 11.00 | SPAX 261120P00011000 | 2.40 | 3.00 | 2.70 | 2.59 | 1 | 30 | 154.11% | -0.8114 | -0.0293 | 0.0038 | 0.1246 | -0.0026 | S |

## Expires Dec 18, 2026

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 6.00 | SPAX 261218C00006000 | 2.40 | 3.10 | 1.25 | 3.04 | 0 | 0 | 115.50% | 0.8695 | -0.0090 | 0.0058 | 0.0671 | 0.0048 | S |
| 7.00 | SPAX 261218C00007000 | 1.70 | 2.35 | 0.80 | 2.38 | 0 | 0 | 112.89% | 0.7634 | -0.0127 | 0.0085 | 0.0997 | 0.0046 | S |
| 8.00 | SPAX 261218C00008000 | 1.10 | 1.75 | 0.56 | 1.84 | 0 | 1 | 109.47% | 0.6369 | -0.0149 | 0.0103 | 0.1251 | 0.0042 | S |
| 9.00 | SPAX 261218C00009000 | 0.75 | 1.15 | 1.00 | 1.41 | 1 | 22 | 110.03% | 0.5073 | -0.0159 | 0.0109 | 0.1322 | 0.0034 | S |
| 10.00 | SPAX 261218C00010000 | 0.40 | 0.85 | 0.75 | 1.07 | 0 | 5 | 116.01% | 0.4030 | -0.0162 | 0.0106 | 0.1217 | 0.0028 | S |
| 11.00 | SPAX 261218C00011000 | 0.20 | 0.65 | 1.00 | 0.81 | 0 | 3 | 105.66% | 0.2795 | -0.0128 | 0.0092 | 0.1161 | 0.0020 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 6.00 | SPAX 261218P00006000 | 0.10 | 0.55 | 0.75 | 0.31 | 0 | 11 | 128.25% | -0.1470 | -0.0106 | 0.0063 | 0.0654 | -0.0016 | S |
| 7.00 | SPAX 261218P00007000 | 0.45 | 0.75 | 0.45 | 0.61 | 0 | 24 | 122.01% | -0.2449 | -0.0138 | 0.0086 | 0.0939 | -0.0028 | S |
| 8.00 | SPAX 261218P00008000 | 1.00 | 1.20 | 2.65 | 1.03 | 0 | 60 | 126.81% | -0.3619 | -0.0171 | 0.0103 | 0.1078 | -0.0043 | S |
| 9.00 | SPAX 261218P00009000 | 1.45 | 1.85 | 1.68 | 1.56 | 0 | 33 | 126.85% | -0.4739 | -0.0182 | 0.0109 | 0.1145 | -0.0059 | S |
| 10.00 | SPAX 261218P00010000 | 2.00 | 2.50 | 3.76 | 2.18 | 0 | 67 | 116.40% | -0.5966 | -0.0162 | 0.0106 | 0.1214 | -0.0076 | S |
| 11.00 | SPAX 261218P00011000 | 2.65 | 3.30 | 3.05 | 2.88 | 0 | 5 | 119.29% | -0.6834 | -0.0153 | 0.0098 | 0.1089 | -0.0092 | S |

## Expires Jan 15, 2027

### Calls

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 6.00 | SPAX 270115C00006000 | 2.45 | 3.40 | 2.80 | 3.64 | 1 | 6 | 93.49% | 0.8606 | -0.0059 | 0.0081 | 0.0661 | 0.0082 | S |
| 7.00 | SPAX 270115C00007000 | 1.80 | 2.45 | 1.05 | 3.07 | 0 | 11 | 94.20% | 0.7553 | -0.0083 | 0.0114 | 0.0926 | 0.0078 | S |
| 8.00 | SPAX 270115C00008000 | 1.25 | 1.80 | 1.60 | 2.57 | 1 | 35 | 95.73% | 0.6397 | -0.0099 | 0.0136 | 0.1084 | 0.0069 | S |
| 9.00 | SPAX 270115C00009000 | 0.85 | 1.60 | 1.15 | 2.16 | 3 | 305 | 93.71% | 0.5242 | -0.0103 | 0.0144 | 0.1177 | 0.0060 | S |
| 10.00 | SPAX 270115C00010000 | 0.60 | 1.00 | 0.80 | 1.81 | 3 | 1,741 | 91.42% | 0.4133 | -0.0098 | 0.0141 | 0.1180 | 0.0049 | S |
| 11.00 | SPAX 270115C00011000 | 0.40 | 0.85 | 0.35 | 1.52 | 0 | 28 | 95.78% | 0.3354 | -0.0096 | 0.0132 | 0.1054 | 0.0040 | S |

### Puts

| Strike | Symbol | Bid | Ask | Price | TPrice | Vol | OI | IVol | Delta | Theta | Vega | Gamma | Rho | NS |
|---:|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|---|
| 6.00 | SPAX 270115P00006000 | 0.25 | 0.80 | 1.00 | 0.45 | 0 | 26 | 120.11% | -0.1739 | -0.0084 | 0.0093 | 0.0592 | -0.0036 | S |
| 7.00 | SPAX 270115P00007000 | 0.60 | 1.15 | 0.95 | 0.75 | 0 | 33 | 122.93% | -0.2630 | -0.0110 | 0.0118 | 0.0735 | -0.0058 | S |
| 8.00 | SPAX 270115P00008000 | 1.10 | 1.55 | 1.52 | 1.15 | 0 | 122 | 127.66% | -0.3504 | -0.0129 | 0.0134 | 0.0804 | -0.0081 | S |
| 9.00 | SPAX 270115P00009000 | 1.65 | 2.20 | 1.87 | 1.62 | 198 | 96 | 109.82% | -0.4553 | -0.0119 | 0.0143 | 0.1000 | -0.0104 | S |
| 10.00 | SPAX 270115P00010000 | 2.25 | 2.95 | 1.43 | 2.15 | 0 | 36 | 113.38% | -0.5379 | -0.0123 | 0.0144 | 0.0970 | -0.0130 | S |
| 11.00 | SPAX 270115P00011000 | 3.10 | 3.70 | 3.90 | 2.74 | 0 | 20 | 117.05% | -0.6059 | -0.0122 | 0.0139 | 0.0911 | -0.0155 | S |

## More for SPAX

- [Quote](https://www.optionistics.com/quotes/stock-quotes/SPAX.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/SPAX.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/SPAX.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=SPAX)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/SPAX.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/SPAX.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/SPAX.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/SPAX.md)

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