USMV Options History — September 2013

In September 2013, USMV traded between $32.62 and $34.28. ATM implied volatility averaged 13.3%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 4.5% (HV 20d: 8.8%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-09-18: Highest Volume — 6 contracts
  • 2013-09-04: Largest IV drop — 87.9% change
  • 2013-09-30: Highest IV Rank — 8.7%
  • 2013-09-03: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.40$32.62$34.28$32.62$33.23
Max Pain$33.00$33.00$33.00$33.00$33.00
ATM IV13.3%6.5%82.9%82.9%12.4%
Expected Move3.9%1.9%23.8%23.8%3.6%
HV 20d8.8%7.5%9.9%8.0%9.6%
HV 60d9.4%8.1%10.8%10.8%8.7%
IV Rank4.8%1.0%8.7%4.5%8.7%
IV Percentile47.7%5.5%90.1%38.9%90.1%
Term Structure-0.5%-31.4%4.0%-31.4%-0.7%
Skew 25d2.4%-4.1%5.2%-4.1%3.5%
Skew 10d2.0%-16.0%10.4%-16.0%2.6%
Call IV 25d13.0%6.1%113.6%113.6%8.7%
Put IV 25d15.3%7.2%109.5%109.5%12.1%
Bid-Ask Spread %68.8748.69175.96175.9671.34
Gamma HHI0.660.470.870.760.85
Net GEX22.4K8.9K40.1K8.9K18.1K
Net DEX-93.8K-175.2K-49.2K-143.1K-63.4K
Net VEX-525-781-392-781-437
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.550600
Total OI121.1110131125110

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-09-03$32.62$33.0082.9%23.8%8.0%0.0%0.0%-4.1%-31.4%8.9K-143.1K-7810.00175.96N/AN/A001223
2013-09-04$32.76$33.0010.0%2.9%8.3%0.0%0.0%3.9%0.8%18.0K-57.2K-4800.0048.69N/AN/A001223
2013-09-05$32.70$33.0010.1%2.9%8.3%0.0%0.0%-0.5%0.2%17.3K-49.2K-3920.0055.42N/AN/A001223
2013-09-06$32.78$0.0010.8%3.2%8.2%0.0%0.0%3.7%0.7%18.0K-54.6K-4300.0063.13N/AN/A501223
2013-09-09$33.04$0.0011.4%3.2%8.9%0.0%0.0%4.4%1.2%20.6K-64.4K-4230.0066.09N/AN/A001223
2013-09-10$33.25$0.008.6%3.1%9.3%0.0%0.0%5.2%1.0%25.2K-80.8K-4620.0068.35N/AN/A001223
2013-09-11$33.39$0.009.0%3.1%9.4%0.0%0.0%3.0%0.8%22.6K-83.8K-4900.0079.50N/AN/A001223
2013-09-12$33.31$0.0010.9%3.1%9.3%0.0%0.0%3.5%0.6%23.6K-90.3K-5260.0070.11N/AN/A001223
2013-09-13$33.44$0.0010.8%3.1%8.0%0.0%0.0%3.1%0.9%22.9K-89.7K-4800.0073.12N/AN/A001223
2013-09-16$33.62$0.007.2%2.1%7.8%0.0%0.0%3.9%4.0%24.5K-110.2K-5650.0074.27N/AN/A001223
2013-09-17$33.72$0.009.0%2.6%7.5%0.0%0.0%2.7%1.9%24.6K-122.0K-5650.0058.68N/AN/A001223
2013-09-18$34.28$0.0010.0%2.9%9.1%0.0%0.0%1.8%1.1%26.8K-165.6K-6750.0061.04N/AN/A601223
2013-09-19$34.20$0.009.9%2.8%8.7%0.0%0.0%0.3%1.1%32.4K-175.2K-6780.0063.13N/AN/A001283
2013-09-20$33.97$0.009.3%2.7%9.2%0.0%0.0%-0.4%1.5%40.1K-147.8K-5910.0054.32N/AN/A001283
2013-09-23$33.88$0.009.2%2.6%9.2%4.5%0.0%-0.1%0.6%22.9K-96.7K-5800.0054.63N/AN/A001100
2013-09-24$33.52$0.006.5%1.9%9.9%1.0%0.0%3.8%3.8%22.0K-77.2K-5090.0065.32N/AN/A001100
2013-09-25$33.40$0.0010.8%3.1%9.3%6.5%0.0%3.2%-0.2%20.0K-63.8K-4510.0056.81N/AN/A001100
2013-09-26$33.52$0.006.6%1.9%9.3%1.1%0.0%2.5%2.9%20.6K-74.0K-5120.0056.29N/AN/A001100
2013-09-27$33.38$0.0011.3%3.2%9.5%7.2%0.0%4.0%-0.1%19.3K-65.9K-4750.0061.12N/AN/A001100
2013-09-30$33.23$0.0012.4%3.6%9.6%8.7%0.0%3.5%-0.7%18.1K-63.4K-4370.0071.34N/AN/A001100