USMV Options History — January 2021

In January 2021, USMV traded between $66.10 and $68.37. ATM implied volatility averaged 18.3%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 8.9% (HV 20d: 9.4%). Max pain ranged from $58.00 to $68.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 3.60.

Notable Days

  • 2021-01-26: Highest Volume — 127 contracts
  • 2021-01-11: Largest IV spike — 104.1% change
  • 2021-01-11: Highest IV Rank — 34.3%
  • 2021-01-29: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$67.58$66.10$68.37$66.97$66.10
Max Pain$65.53$58.00$68.00$58.00$68.00
ATM IV18.3%13.8%33.0%18.2%23.4%
Expected Move4.8%3.9%6.7%5.0%6.7%
HV 20d9.4%8.1%14.5%8.3%14.5%
HV 60d13.6%11.7%14.2%14.2%12.9%
IV Rank13.6%6.5%34.3%14.9%19.5%
IV Percentile38.9%9.9%88.1%44.8%68.7%
Term Structure1.5%-2.7%5.0%5.0%-2.7%
VWIV16.2%12.0%20.8%16.3%14.4%
Skew 25d8.7%3.7%14.6%7.7%8.8%
Skew 10d10.6%3.1%19.2%13.8%3.1%
Call IV 25d13.6%10.6%16.8%14.4%16.8%
Put IV 25d22.3%17.5%28.8%22.1%25.6%
Bid-Ask Spread %97.7467.56109.4588.44109.27
Gamma HHI0.170.160.200.180.17
Net GEX-208.1K-278.7K-145.3K-245.1K-197.8K
Net DEX721.3K-220.3K1.6M1.5M1.5M
Net VEX-21.4K-23.4K-18.8K-23.4K-21.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.600.0030.754.110.04
Total Volume29.42111274624
Total OI2,337.7892,2512,4442,2512,339

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$66.97$58.0018.2%5.0%8.3%14.9%16.3%7.7%5.0%-245.1K1.5M-23.4K4.1188.44N/AN/A9376151,636
2021-01-05$66.99$58.0017.4%5.1%8.1%13.9%0.0%14.6%0.6%-276.5K1.6M-23.1K0.0090.14N/AN/A016541,672
2021-01-06$67.51$58.0016.8%4.6%8.5%13.0%16.0%9.4%2.0%-278.7K1.1M-22.1K0.2593.36N/AN/A416541,673
2021-01-07$68.08$58.0021.3%4.5%8.9%19.1%16.1%11.8%2.6%-214.9K888.6K-23.1K2.14100.85N/AN/A7156571,674
2021-01-08$68.33$67.0016.2%4.3%8.7%12.3%18.1%11.2%1.7%-233.7K405.4K-21.5K0.33100.20N/AN/A43146631,674
2021-01-11$67.99$67.0033.0%4.2%8.9%34.3%20.8%6.9%1.5%-200.2K234.0K-22.1K2.00102.09N/AN/A127061,688
2021-01-12$67.62$67.0020.0%4.5%9.2%16.1%14.9%6.3%0.5%-219.3K773.1K-22.4K0.00101.24N/AN/A807071,689
2021-01-13$67.70$67.0017.6%5.0%8.8%12.6%0.0%8.0%-0.9%-221.2K732.4K-22.2K0.00101.14N/AN/A507101,689
2021-01-14$67.34$67.0016.5%4.7%8.6%11.1%18.7%9.6%3.9%-245.8K866.0K-21.8K3.2397.13N/AN/A13427071,689
2021-01-15$67.33$67.0017.5%5.0%8.5%12.5%12.0%14.6%0.7%-274.0K1.3M-22.5K8.83101.61N/AN/A6537141,730
2021-01-19$67.74$67.0014.3%4.1%8.3%8.2%16.2%3.7%3.2%-158.2K622.4K-21.2K9.00109.45N/AN/A2186761,582
2021-01-20$68.37$68.0015.7%4.5%8.8%9.2%14.5%4.4%1.8%-186.5K-113.6K-18.8K0.0667.56N/AN/A3526781,598
2021-01-21$68.06$68.0013.9%4.0%8.5%6.6%14.1%5.6%2.1%-145.3K142.3K-20.5K2.5699.21N/AN/A9237031,600
2021-01-22$67.84$68.0013.8%3.9%8.6%6.5%16.7%6.1%1.6%-189.4K124.5K-19.9K0.22100.80N/AN/A927081,621
2021-01-25$68.09$68.0015.6%4.5%8.6%9.0%18.2%5.0%1.0%-154.2K144.5K-19.7K0.3093.51N/AN/A1037081,622
2021-01-26$68.31$68.0015.3%4.4%8.7%8.6%15.1%6.7%1.5%-148.7K-220.3K-19.2K30.7592.41N/AN/A41237121,623
2021-01-27$66.52$68.0020.7%5.9%13.0%15.9%0.0%10.5%1.6%-190.9K1.3M-20.8K0.07102.12N/AN/A1417151,602
2021-01-28$67.12$68.0019.9%5.7%13.4%14.8%17.8%14.0%0.0%-174.1K756.2K-20.4K0.90106.55N/AN/A1097271,603
2021-01-29$66.10$68.0023.4%6.7%14.5%19.5%14.4%8.8%-2.7%-197.8K1.5M-21.1K0.04109.27N/AN/A2317351,604