USMV Options History — February 2023

In February 2023, USMV traded between $70.72 and $73.91. ATM implied volatility averaged 15.3%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 4.3% (HV 20d: 10.9%). Max pain ranged from $70.00 to $71.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.58.

Notable Days

  • 2023-02-27: Highest Volume — 38 contracts
  • 2023-02-21: Largest IV spike — 30.2% change
  • 2023-02-01: Highest IV Rank — 20.6%
  • 2023-02-01: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.42$70.72$73.91$73.91$70.72
Max Pain$70.58$70.00$71.00$71.00$71.00
ATM IV15.3%12.8%16.8%16.8%14.8%
Expected Move4.3%3.7%4.8%4.8%4.2%
HV 20d10.9%9.3%13.6%13.1%10.5%
HV 60d13.6%12.1%15.0%14.9%12.1%
IV Rank14.8%5.8%20.6%20.6%13.2%
IV Percentile15.7%2.0%27.8%27.0%12.3%
Term Structure0.6%-1.7%6.3%-1.7%0.3%
VWIV15.2%12.9%18.1%15.1%18.1%
Skew 25d4.1%2.2%7.4%4.4%2.2%
Skew 10d7.9%2.0%13.4%2.6%5.6%
Call IV 25d13.1%10.2%15.0%13.7%13.8%
Put IV 25d17.2%15.8%20.2%18.1%16.0%
Bid-Ask Spread %63.7049.4582.8664.0055.12
Gamma HHI0.180.140.260.150.26
Net GEX54.5K-30.8K115.5K115.4K-27.1K
Net DEX-404.4K-739.8K11.0K-733.3K11.0K
Net VEX-3.7K-4.4K-3.0K-4.2K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.002.500.050.11
Total Volume11.7370382010
Total OI1,387.6327181,6971,647799

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$73.91$71.0016.8%4.8%13.1%20.6%0.0%4.4%-1.7%115.4K-733.3K-4.2K0.0564.00N/AN/A1911,278369
2023-02-02$73.45$70.0015.3%4.2%13.4%14.9%15.1%3.7%0.8%115.5K-739.8K-4.1K0.7750.43N/AN/A13101,290370
2023-02-03$72.91$70.0014.3%4.1%13.6%11.4%16.3%4.3%2.0%97.1K-638.9K-4.4K0.0058.05N/AN/A051,304372
2023-02-06$72.81$70.0016.7%4.3%10.9%20.2%0.0%3.9%0.7%86.5K-565.2K-4.2K1.0059.45N/AN/A111,304376
2023-02-07$73.10$70.0015.5%4.2%10.7%15.8%13.6%5.1%0.8%92.8K-545.2K-4.1K0.0067.24N/AN/A501,305377
2023-02-08$72.48$70.0015.8%4.5%11.1%16.8%0.0%3.4%0.1%74.4K-470.3K-4.0K2.0049.45N/AN/A121,305377
2023-02-09$72.16$70.0014.7%4.2%10.8%12.9%16.5%2.5%-0.4%81.7K-475.5K-4.1K2.5069.80N/AN/A251,306377
2023-02-10$72.69$70.0015.7%4.5%11.2%16.3%13.9%7.4%0.1%69.7K-394.3K-3.8K0.5068.92N/AN/A421,304378
2023-02-13$73.22$70.0016.1%4.6%11.4%17.7%15.3%4.0%-0.2%104.7K-590.3K-3.9K0.3161.66N/AN/A1651,306379
2023-02-14$72.91$71.0014.2%4.1%11.4%10.9%0.0%4.4%1.5%82.1K-519.2K-3.6K0.0068.43N/AN/A2001,313384
2023-02-15$72.81$71.0013.7%3.9%9.5%9.3%0.0%3.6%1.0%67.4K-433.3K-3.5K0.0055.78N/AN/A001,309384
2023-02-16$72.59$71.0013.7%3.9%9.5%9.1%0.0%4.0%6.3%60.4K-417.5K-3.4K1.0058.21N/AN/A111,309384
2023-02-17$72.81$71.0012.8%3.7%9.3%5.8%12.9%5.8%-0.3%60.0K-381.5K-3.2K0.1082.18N/AN/A1011,309385
2023-02-21$72.06$71.0016.6%4.8%9.8%19.8%14.7%5.6%-0.2%15.5K-342.6K-3.7K0.0082.86N/AN/A110342376
2023-02-22$71.52$71.0016.2%4.6%10.2%18.2%0.0%3.0%-0.2%2.0K-221.4K-3.2K0.0078.08N/AN/A100353376
2023-02-23$71.66$71.0015.0%4.3%10.2%13.8%13.7%4.0%-0.5%-9.7K-179.8K-3.2K0.9261.20N/AN/A1312364376
2023-02-24$71.02$71.0016.2%4.6%10.6%18.2%17.3%3.6%0.5%-21.9K-14.3K-3.1K0.0060.65N/AN/A04375387
2023-02-27$71.07$71.0015.8%4.5%10.6%16.7%14.7%2.3%0.3%-30.8K-31.4K-3.1K0.0058.77N/AN/A380374389
2023-02-28$70.72$71.0014.8%4.2%10.5%13.2%18.1%2.2%0.3%-27.1K11.0K-3.0K0.1155.12N/AN/A91410389