USMV Options History — May 2013

In May 2013, USMV traded between $32.88 and $34.32. ATM implied volatility averaged 14.1%. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 4.2% (HV 20d: 9.9%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-05-17: Highest Volume — 110 contracts
  • 2013-05-23: Largest IV spike — 605.6% change
  • 2013-05-23: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.76$32.88$34.32$33.39$32.88
Max Pain$33.00$33.00$33.00$33.00$33.00
ATM IV14.1%6.3%68.0%10.8%11.1%
Expected Move4.1%1.8%19.5%3.1%3.2%
HV 20d9.9%8.2%11.8%11.8%10.4%
HV 60d10.6%10.4%10.9%10.5%10.9%
Term Structure-2.2%-53.6%3.4%0.5%0.4%
VWIV20.5%9.5%63.3%9.6%9.8%
Skew 25d2.2%-0.9%5.1%2.8%0.8%
Skew 10d2.5%1.1%6.0%1.7%1.5%
Call IV 25d14.4%5.9%87.1%8.1%8.4%
Put IV 25d16.6%7.4%89.5%10.9%9.2%
Bid-Ask Spread %78.9834.18169.7539.1148.82
Gamma HHI0.670.450.850.640.45
Net GEX8.8K2.7K25.0K2.7K17.8K
Net DEX-60.5K-172.8K-10.9K-10.9K-80.9K
Net VEX-474-1.1K-105-115-826
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6.591011000
Total OI61.6821914119141

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$33.39$0.0010.8%3.1%11.8%0.0%0.0%2.8%0.5%2.7K-10.9K-1150.0039.11N/AN/A00154
2013-05-02$33.54$0.006.3%1.8%11.7%0.0%0.0%1.5%3.4%3.1K-12.5K-1160.0034.18N/AN/A00154
2013-05-03$33.71$0.007.0%2.0%11.7%0.0%0.0%0.9%1.4%3.7K-15.1K-1160.0051.05N/AN/A00154
2013-05-06$33.59$33.006.9%2.4%11.8%0.0%0.0%2.4%1.7%3.4K-13.4K-1140.0088.98N/AN/A00154
2013-05-07$33.78$33.008.3%2.4%11.8%0.0%0.0%3.2%1.7%3.8K-16.1K-1130.0067.78N/AN/A00154
2013-05-08$33.79$33.007.0%2.4%11.4%0.0%0.0%3.3%1.8%4.1K-16.5K-1120.0050.27N/AN/A00154
2013-05-09$33.63$33.006.8%2.5%11.5%0.0%0.0%1.7%1.6%3.6K-13.6K-1100.0057.11N/AN/A00154
2013-05-10$33.79$33.006.5%2.4%11.6%0.0%0.0%3.2%1.9%4.1K-16.1K-1110.0067.09N/AN/A00154
2013-05-13$33.76$33.009.0%2.5%9.3%0.0%0.0%3.1%1.8%4.0K-16.8K-1110.0070.17N/AN/A00154
2013-05-14$34.08$33.008.7%3.1%8.8%0.0%0.0%1.2%0.2%3.7K-22.7K-1110.0057.45N/AN/A00154
2013-05-15$34.32$33.0010.9%2.8%8.2%0.0%0.0%2.8%1.7%4.4K-27.2K-1050.00150.86N/AN/A30154
2013-05-16$34.06$33.009.4%2.7%8.8%0.0%0.0%0.5%1.9%4.8K-25.9K-1370.00134.07N/AN/A00184
2013-05-17$34.25$33.009.6%2.8%8.4%0.0%9.6%3.0%1.3%4.8K-31.0K-1350.0063.37N/AN/A1100184
2013-05-20$34.10$33.0061.5%17.6%8.6%0.0%63.3%3.0%-53.6%7.1K-172.8K-1.1K0.00169.75N/AN/A101084
2013-05-21$34.16$33.0010.1%2.9%8.3%0.0%10.1%2.5%0.6%16.1K-128.7K-1.0K0.0063.62N/AN/A101094
2013-05-22$33.88$33.009.6%2.8%8.6%0.0%0.0%-0.9%0.9%15.0K-119.1K-1.0K0.0059.14N/AN/A001104
2013-05-23$33.80$33.0068.0%19.5%8.5%0.0%0.0%2.4%-17.8%10.5K-145.0K-1.1K0.00168.76N/AN/A001104
2013-05-24$33.76$33.009.7%2.8%8.5%0.0%9.5%2.1%0.2%14.4K-111.7K-9820.00127.72N/AN/A101104
2013-05-28$33.80$33.009.8%2.8%8.4%0.0%9.8%-0.1%0.5%15.2K-116.1K-9830.0051.46N/AN/A2901104
2013-05-29$33.36$33.0011.8%3.4%9.6%0.0%0.0%5.1%-0.1%23.0K-105.7K-9230.0049.20N/AN/A001374
2013-05-30$33.37$33.0010.7%3.1%9.2%0.0%0.0%4.1%0.6%25.0K-113.3K-9300.0067.52N/AN/A001374
2013-05-31$32.88$33.0011.1%3.2%10.4%0.0%0.0%0.8%0.4%17.8K-80.9K-8260.0048.82N/AN/A001374