USMV Options History — May 2021

In May 2021, USMV traded between $71.33 and $73.23. ATM implied volatility averaged 12.6%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 2.0% (HV 20d: 10.6%). Max pain ranged from $68.00 to $70.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.32.

Notable Days

  • 2021-05-06: Highest Volume — 108 contracts
  • 2021-05-11: Largest IV spike — 33.1% change
  • 2021-05-12: Highest IV Rank — 22.2%
  • 2021-05-12: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.37$71.33$73.23$72.38$72.65
Max Pain$68.30$68.00$70.00$70.00$68.00
ATM IV12.6%9.0%17.2%11.9%9.0%
Expected Move3.6%2.6%4.9%3.4%2.6%
HV 20d10.6%7.3%12.7%7.3%12.6%
HV 60d11.3%10.5%12.1%10.5%10.8%
IV Rank10.4%1.3%22.2%8.6%1.3%
IV Percentile13.4%0.8%52.0%5.6%0.8%
Term Structure1.3%-0.8%3.3%0.7%0.9%
VWIV18.0%11.5%29.5%25.0%13.4%
Skew 25d6.2%3.7%13.0%5.0%3.7%
Skew 10d10.3%3.8%26.2%9.9%26.2%
Call IV 25d10.2%8.2%14.3%8.2%8.6%
Put IV 25d16.4%12.3%21.4%13.3%12.3%
Bid-Ask Spread %66.4218.2995.9589.2236.82
Gamma HHI0.200.150.320.250.18
Net GEX100.6K-69.7K244.3K119.6K166.7K
Net DEX-2.4M-3.1M-1.5M-2.6M-2.8M
Net VEX-7.9K-10.3K-5.4K-8.7K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.007.000.007.00
Total Volume20.551108108
Total OI1,341.51,1691,4831,3391,190

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$72.38$70.0011.9%3.4%7.3%8.6%0.0%5.0%0.7%119.6K-2.6M-8.7K0.0089.22N/AN/A100659680
2021-05-04$71.92$70.0013.2%3.8%7.8%12.1%0.0%5.3%-0.0%86.1K-2.2M-10.3K0.5085.77N/AN/A21661680
2021-05-05$72.03$70.0012.7%3.7%7.8%10.9%0.0%5.7%-0.8%113.1K-2.4M-9.5K0.0093.53N/AN/A20661681
2021-05-06$72.44$68.0010.9%3.4%7.9%6.0%25.0%6.1%3.2%114.2K-2.4M-8.9K0.0074.27N/AN/A0108661681
2021-05-07$72.94$68.0010.7%3.2%8.2%5.7%0.0%5.8%2.7%110.9K-2.8M-8.4K0.0062.22N/AN/A10661714
2021-05-10$73.23$68.0011.7%3.4%8.2%8.2%19.5%4.2%1.3%135.6K-3.1M-7.5K0.0093.98N/AN/A110662714
2021-05-11$72.26$68.0015.6%4.2%9.7%18.1%19.5%7.0%1.4%67.0K-2.1M-9.5K0.5090.58N/AN/A21666714
2021-05-12$71.33$68.0017.2%4.9%10.9%22.2%25.9%7.0%-0.7%29.9K-1.5M-10.2K0.0065.89N/AN/A014667715
2021-05-13$72.33$68.0015.2%4.4%11.0%17.2%0.0%13.0%1.1%80.9K-2.3M-8.5K0.1495.95N/AN/A142667727
2021-05-14$72.69$68.0012.1%3.5%11.0%9.3%29.5%8.4%3.3%146.5K-2.6M-8.2K0.4392.71N/AN/A73669729
2021-05-17$72.45$68.0014.2%4.1%10.9%14.6%14.1%6.2%1.1%144.9K-2.5M-8.0K1.8641.98N/AN/A2139673726
2021-05-18$72.28$68.0013.2%3.8%10.9%12.0%0.0%5.6%1.9%97.7K-2.5M-7.2K1.0092.01N/AN/A22687765
2021-05-19$71.51$68.0014.2%4.1%11.4%14.5%15.1%7.1%2.1%-69.7K-1.6M-8.3K0.6954.25N/AN/A1611687766
2021-05-20$72.62$68.0012.0%3.5%12.7%9.1%13.7%6.0%2.3%244.3K-2.6M-6.8K6.0061.64N/AN/A530701776
2021-05-21$72.45$68.0012.7%3.6%12.6%10.7%13.0%5.5%1.4%57.4K-2.4M-6.9K0.0292.80N/AN/A591697786
2021-05-24$72.80$68.0010.9%3.1%12.6%6.1%11.5%6.5%0.9%81.5K-2.6M-6.5K1.0022.34N/AN/A44574595
2021-05-25$72.45$68.0012.0%3.4%12.7%8.9%16.2%4.9%0.9%78.3K-2.5M-6.5K4.5018.29N/AN/A29576597
2021-05-26$72.33$68.0011.4%3.3%12.7%7.5%0.0%4.9%0.8%76.7K-2.5M-6.4K0.0829.04N/AN/A121577605
2021-05-27$72.31$68.0010.6%3.0%12.5%5.5%0.0%5.0%0.8%130.7K-2.6M-5.8K0.0035.15N/AN/A70577606
2021-05-28$72.65$68.009.0%2.6%12.6%1.3%13.4%3.7%0.9%166.7K-2.8M-5.4K7.0036.82N/AN/A17584606