USMV Options History — April 2019

In April 2019, USMV traded between $58.80 and $60.01. ATM implied volatility averaged 8.2%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 2.4%. IV traded above realized volatility by 1.8% (HV 20d: 6.4%). Max pain ranged from $57.00 to $61.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 3.28.

Notable Days

  • 2019-04-30: Highest Volume — 224 contracts
  • 2019-04-25: Largest IV spike — 43.9% change
  • 2019-04-16: Highest IV Rank — 24.2%
  • 2019-04-16: Largest Expected Move — 2.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.21$58.80$60.01$58.97$60.01
Max Pain$60.52$57.00$61.00$57.00$60.00
ATM IV8.2%5.6%10.0%9.6%7.9%
Expected Move2.4%1.6%2.9%2.7%2.3%
HV 20d6.4%4.7%8.3%8.3%5.8%
HV 60d7.3%6.5%8.5%8.5%6.7%
IV Rank16.6%5.2%24.2%22.6%15.3%
IV Percentile24.6%1.6%48.0%38.5%20.6%
Term Structure1.0%-1.0%2.7%-0.1%0.9%
VWIV9.5%6.1%14.2%10.4%7.8%
Skew 25d3.4%-0.0%8.0%2.4%4.5%
Skew 10d4.3%-1.5%10.0%-0.3%1.7%
Call IV 25d6.6%4.8%8.7%6.1%5.6%
Put IV 25d9.9%5.7%15.3%8.5%10.0%
Bid-Ask Spread %103.0392.70114.69100.9097.52
Gamma HHI0.190.170.210.210.17
Net GEX16.5K-32.0K48.6K48.6K-6.4K
Net DEX-6.3M-6.9M-6.0M-6.2M-6.9M
Net VEX-17.1K-18.5K-14.8K-17.6K-16.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.280.007.386.672.39
Total Volume87.429322415224
Total OI2,490.3332,3832,6602,3832,655

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$58.97$57.009.6%2.7%8.3%22.6%0.0%2.4%-0.1%48.6K-6.2M-17.6K0.00100.90N/AN/A0151,540843
2019-04-02$58.97$57.009.4%2.7%8.3%21.6%10.4%0.9%0.0%47.6K-6.2M-18.3K6.67100.22N/AN/A3201,540843
2019-04-03$58.90$61.008.6%2.7%8.0%18.1%10.9%4.3%0.6%47.5K-6.1M-18.5K6.6799.35N/AN/A3201,542847
2019-04-04$58.91$61.008.8%2.6%7.7%19.3%10.8%2.7%1.1%43.8K-6.1M-18.1K5.08104.43N/AN/A12611,542847
2019-04-05$59.17$61.007.2%2.5%7.6%12.3%9.3%4.2%0.9%13.3K-6.3M-17.6K3.0592.70N/AN/A20611,542887
2019-04-08$59.17$61.008.2%2.5%6.5%16.6%0.0%4.0%1.3%19.0K-6.3M-17.1K0.7595.63N/AN/A20151,548872
2019-04-09$59.06$61.008.7%2.8%6.5%18.9%9.4%5.4%0.2%11.1K-6.3M-17.2K1.1495.45N/AN/A22251,558887
2019-04-10$59.14$61.009.6%2.8%6.3%22.6%9.2%8.0%-0.5%7.1K-6.3M-17.4K1.45109.96N/AN/A38551,559897
2019-04-11$59.15$61.009.0%2.6%6.3%20.0%8.3%3.4%0.7%48.3K-6.4M-17.2K1.9798.74N/AN/A38751,575877
2019-04-12$59.39$61.008.8%2.5%6.4%19.0%6.1%3.7%1.0%36.9K-6.5M-16.9K1.97106.94N/AN/A38751,575897
2019-04-15$59.50$61.008.6%2.5%6.4%18.1%0.0%3.4%1.4%42.6K-6.7M-15.9K0.00107.61N/AN/A401,575897
2019-04-16$59.10$61.0010.0%2.9%6.7%24.2%13.7%3.0%-1.0%20.6K-6.8M-14.8K1.56109.36N/AN/A9141,575897
2019-04-17$58.84$61.008.8%2.5%6.7%19.4%14.2%2.3%1.6%16.2K-6.2M-16.4K0.41114.69N/AN/A37151,574901
2019-04-18$58.91$61.007.4%2.1%5.3%13.2%9.2%5.1%1.5%9.9K-6.1M-16.2K0.97109.08N/AN/A38371,586901
2019-04-22$58.80$61.007.8%2.2%4.7%14.9%7.9%4.7%1.0%32.9K-6.0M-16.3K4.4497.21N/AN/A251111,557863
2019-04-23$59.30$61.008.0%2.3%5.5%15.8%8.1%3.2%2.2%-5.3K-6.2M-17.3K5.94110.65N/AN/A181071,582974
2019-04-24$59.51$61.005.6%1.6%5.5%5.2%8.7%3.9%2.7%-6.2K-6.4M-17.6K6.33102.35N/AN/A241521,597998
2019-04-25$59.47$61.008.1%2.3%5.5%15.9%8.5%-0.0%2.2%-27.3K-6.3M-17.1K7.38100.87N/AN/A241771,6031,032
2019-04-26$59.62$61.006.6%1.9%5.5%9.5%8.9%1.4%1.0%-21.1K-6.4M-18.2K7.38104.36N/AN/A241771,6031,057
2019-04-29$59.55$60.005.9%1.7%5.3%6.3%0.0%0.3%2.0%-32.0K-6.5M-17.3K0.00105.61N/AN/A301,6031,049
2019-04-30$60.01$60.007.9%2.3%5.8%15.3%7.8%4.5%0.9%-6.4K-6.9M-16.2K2.3997.52N/AN/A661581,6061,049