USMV Options History — February 2019

In February 2019, USMV traded between $55.49 and $57.51. ATM implied volatility averaged 9.9%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 2.1% (HV 20d: 7.8%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 2.13.

Notable Days

  • 2019-02-28: Highest Volume — 921 contracts
  • 2019-02-28: Largest IV drop — 40.1% change
  • 2019-02-01: Highest IV Rank — 31.9%
  • 2019-02-04: Largest Expected Move — 3.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.65$55.49$57.51$55.49$57.51
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV9.9%5.6%12.0%12.0%5.6%
Expected Move2.9%1.6%3.5%3.5%1.6%
HV 20d7.8%5.3%10.4%10.4%5.3%
HV 60d15.6%15.0%16.3%16.3%15.0%
IV Rank23.7%5.1%31.9%31.9%5.1%
IV Percentile36.1%1.2%48.8%48.8%1.2%
Term Structure1.3%-0.0%4.2%0.9%4.2%
VWIV9.6%6.6%12.7%12.7%7.0%
Skew 25d3.6%0.1%6.7%2.4%3.0%
Skew 10d2.7%-1.4%7.9%3.8%-1.4%
Call IV 25d7.9%5.2%11.5%11.5%6.7%
Put IV 25d11.5%8.6%14.2%13.9%9.7%
Bid-Ask Spread %107.5998.87113.22110.40106.74
Gamma HHI0.180.160.220.160.19
Net GEX14.4K-45.3K83.4K44.0K83.4K
Net DEX-5.6M-6.4M-4.7M-5.2M-6.1M
Net VEX-13.6K-16.2K-11.1K-12.3K-16.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.130.009.579.570.05
Total Volume146.4741921391921
Total OI2,447.0532,1962,6782,1962,678

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$55.49$50.0012.0%3.5%10.4%31.9%12.7%2.4%0.9%44.0K-5.2M-12.3K9.57110.40N/AN/A373541,537659
2019-02-04$55.75$50.009.9%3.5%9.0%23.0%12.1%2.8%0.4%-4.9K-4.7M-14.5K1.00104.83N/AN/A111,534829
2019-02-05$56.01$50.009.4%3.1%8.9%21.0%10.8%3.4%1.2%-41.5K-5.2M-13.2K1.00110.39N/AN/A111,535830
2019-02-06$55.92$50.0010.2%2.9%9.0%24.4%0.0%3.7%2.1%-45.3K-5.1M-13.5K0.00108.38N/AN/A101,535830
2019-02-07$55.80$50.0011.4%3.3%9.1%30.3%0.0%6.3%0.2%-41.6K-4.8M-14.4K0.00110.71N/AN/A1301,535830
2019-02-08$55.94$50.0011.4%3.3%8.9%30.4%0.0%5.9%0.3%-36.8K-4.9M-13.7K0.00105.56N/AN/A2301,524830
2019-02-11$56.09$50.0010.3%3.0%8.9%25.8%10.1%2.6%1.6%-22.4K-5.2M-12.8K0.00112.53N/AN/A701,534830
2019-02-12$56.44$50.0011.1%3.2%8.4%29.3%10.7%3.3%0.3%-7.6K-5.4M-12.7K5.00109.83N/AN/A12601,534830
2019-02-13$56.64$50.008.7%2.5%8.1%18.8%9.1%3.1%2.5%-24.9K-5.5M-12.3K5.00112.93N/AN/A12601,539860
2019-02-14$56.59$50.009.7%2.8%8.1%23.0%10.8%2.6%3.2%-24.0K-5.5M-11.7K5.33111.58N/AN/A12641,539860
2019-02-15$57.01$50.009.7%2.8%8.3%23.2%10.1%4.8%2.1%11.0K-5.8M-11.1K0.23107.78N/AN/A189441,539864
2019-02-19$57.22$50.009.6%2.8%7.8%22.8%6.6%3.4%2.1%51.0K-6.0M-14.1K5.0098.87N/AN/A2101,661771
2019-02-20$57.19$50.009.6%2.8%6.6%22.7%9.4%2.7%0.6%39.5K-6.0M-13.5K0.1099.89N/AN/A96101,663781
2019-02-21$57.12$50.0010.2%2.9%6.4%25.3%8.9%6.7%0.1%64.2K-6.0M-13.8K0.18103.23N/AN/A125221,711791
2019-02-22$57.49$50.0010.3%3.0%6.1%25.7%9.9%2.2%-0.0%70.8K-6.4M-13.6K0.37106.82N/AN/A170631,741806
2019-02-25$57.40$50.009.3%2.7%6.3%21.4%9.5%0.1%1.1%73.9K-6.3M-14.6K5.00107.16N/AN/A4201,786844
2019-02-26$57.41$50.0010.2%2.9%5.9%25.3%7.2%3.0%0.1%46.7K-6.1M-14.5K2.50103.39N/AN/A12301,788864
2019-02-27$57.32$50.009.3%2.7%6.1%21.4%8.6%5.9%2.2%39.0K-6.1M-15.1K0.11113.22N/AN/A366401,798874
2019-02-28$57.51$50.005.6%1.6%5.3%5.1%7.0%3.0%4.2%83.4K-6.1M-16.2K0.05106.74N/AN/A881401,804874