USMV Options History — April 2021

In April 2021, USMV traded between $69.59 and $72.52. ATM implied volatility averaged 12.1%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 3.0% (HV 20d: 9.1%). Max pain ranged from $68.00 to $70.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.85.

Notable Days

  • 2021-04-13: Highest Volume — 363 contracts
  • 2021-04-09: Largest IV spike — 36.2% change
  • 2021-04-09: Highest IV Rank — 17.4%
  • 2021-04-20: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.44$69.59$72.52$69.59$71.88
Max Pain$68.86$68.00$70.00$68.00$70.00
ATM IV12.1%8.5%15.3%8.8%13.6%
Expected Move3.5%2.5%4.0%2.5%3.9%
HV 20d9.1%8.1%11.2%11.2%8.3%
HV 60d12.1%10.5%12.8%12.6%10.5%
IV Rank9.2%0.0%17.4%0.0%13.0%
IV Percentile7.9%0.0%28.2%0.0%13.5%
Term Structure0.8%-1.2%2.8%1.6%0.8%
VWIV12.7%10.4%15.1%13.2%15.1%
Skew 25d4.7%1.0%7.5%5.4%4.3%
Skew 10d9.2%4.4%13.4%9.6%5.9%
Call IV 25d9.5%7.1%11.5%8.2%11.1%
Put IV 25d14.2%10.0%17.7%13.5%15.3%
Bid-Ask Spread %80.5635.77110.5238.5299.60
Gamma HHI0.170.140.200.170.20
Net GEX65.8K2.0K102.4K73.9K68.6K
Net DEX-2.3M-3.0M-1.4M-1.4M-2.0M
Net VEX-11.2K-13.4K-9.6K-13.4K-10.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.850.0011.000.000.33
Total Volume42.429136368
Total OI1,298.5711,1771,3371,2901,337

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$69.59$68.008.8%2.5%11.2%0.0%0.0%5.4%1.6%73.9K-1.4M-13.4K0.0038.52N/AN/A60669621
2021-04-05$70.53$68.0010.9%3.3%9.0%5.5%0.0%7.0%2.8%86.4K-2.2M-12.4K0.0050.06N/AN/A170675621
2021-04-06$70.47$68.0011.3%3.4%9.0%6.6%0.0%4.7%1.0%82.7K-2.3M-12.1K0.0060.92N/AN/A50687621
2021-04-07$70.42$68.008.5%3.4%9.1%0.0%0.0%5.2%0.2%89.3K-2.3M-12.0K0.0068.78N/AN/A280689621
2021-04-08$70.47$68.0011.2%3.6%9.0%7.0%0.0%6.1%0.3%74.3K-2.3M-11.8K0.00110.52N/AN/A240676621
2021-04-09$70.69$68.0015.3%3.4%9.0%17.4%0.0%4.3%1.2%33.5K-2.1M-12.1K0.0098.99N/AN/A20685621
2021-04-12$70.83$68.0013.5%3.4%9.0%12.7%0.0%4.3%1.0%59.1K-2.3M-11.6K0.0096.59N/AN/A60683623
2021-04-13$71.06$68.0012.9%3.3%9.0%11.2%13.2%2.5%0.8%44.0K-2.6M-10.9K1.02101.46N/AN/A180183683623
2021-04-14$70.91$68.0011.3%3.2%9.0%7.2%12.9%1.0%0.6%63.8K-2.5M-11.2K0.00105.73N/AN/A310686624
2021-04-15$71.83$68.009.1%2.6%9.5%1.6%0.0%3.5%1.0%61.6K-2.8M-10.2K0.00110.22N/AN/A180684624
2021-04-16$72.26$68.0012.4%3.5%8.9%9.9%10.4%3.1%0.8%23.5K-3.0M-10.6K0.80103.19N/AN/A1512692624
2021-04-19$71.94$68.0011.3%3.2%9.3%7.2%14.4%5.6%2.4%41.4K-2.1M-11.0K11.0058.48N/AN/A444591586
2021-04-20$72.22$70.0014.1%4.0%9.3%14.3%11.6%4.4%0.1%2.0K-2.2M-10.7K0.0047.68N/AN/A1510591631
2021-04-21$72.52$70.0011.0%3.1%9.2%6.3%10.9%5.4%1.2%102.4K-2.7M-10.9K0.0142.29N/AN/A841684631
2021-04-22$72.23$70.0013.6%3.9%9.5%13.2%13.5%4.5%0.1%91.0K-2.2M-11.3K0.2535.77N/AN/A41650632
2021-04-23$72.49$70.0013.1%3.7%9.4%11.7%13.8%4.3%0.7%98.0K-2.4M-10.4K0.0090.29N/AN/A035652633
2021-04-26$72.10$70.0014.0%4.0%9.3%14.2%0.0%7.5%-1.2%80.9K-2.2M-11.0K2.00109.80N/AN/A24652668
2021-04-27$71.95$70.0013.9%4.0%8.8%13.8%0.0%7.1%-0.4%70.8K-2.1M-11.2K0.00100.42N/AN/A01652672
2021-04-28$71.76$70.0012.2%3.5%8.1%9.6%0.0%5.3%1.7%76.4K-2.1M-10.4K0.6064.71N/AN/A53652673
2021-04-29$72.13$70.0012.9%3.7%8.1%11.3%11.5%3.5%0.6%57.3K-2.3M-9.6K0.1397.82N/AN/A152654676
2021-04-30$71.88$70.0013.6%3.9%8.3%13.0%15.1%4.3%0.8%68.6K-2.0M-10.8K0.3399.60N/AN/A62659678