USMV Options History — March 2023

In March 2023, USMV traded between $68.98 and $72.52. ATM implied volatility averaged 17.3%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 5.5% (HV 20d: 11.8%). Max pain ranged from $60.00 to $71.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.21.

Notable Days

  • 2023-03-15: Highest Volume — 124 contracts
  • 2023-03-13: Largest IV spike — 49.8% change
  • 2023-03-13: Highest IV Rank — 90.4%
  • 2023-03-13: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.62$68.98$72.52$70.31$72.52
Max Pain$65.52$60.00$71.00$71.00$68.00
ATM IV17.3%12.8%36.0%16.3%12.8%
Expected Move4.5%3.7%5.9%4.7%3.7%
HV 20d11.8%9.3%14.0%10.2%13.9%
HV 60d12.2%11.8%12.5%12.1%12.4%
IV Rank22.4%6.0%90.4%18.5%6.0%
IV Percentile31.6%2.0%99.6%27.0%2.0%
Term Structure0.5%-1.8%9.7%0.1%0.6%
VWIV14.0%10.8%18.1%12.5%12.9%
Skew 25d4.2%-0.4%7.9%3.2%4.3%
Skew 10d8.7%1.5%15.2%9.1%8.8%
Call IV 25d13.7%10.7%17.9%14.2%10.7%
Put IV 25d17.9%11.1%22.8%17.4%15.0%
Bid-Ask Spread %79.7957.20109.7164.4475.85
Gamma HHI0.270.150.730.290.30
Net GEX14.9K-406.7K194.2K-43.1K194.2K
Net DEX-479.9K-1.6M376.1K134.5K-1.6M
Net VEX-3.3K-4.4K-2.4K-3.0K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.001.300.330.00
Total Volume21.78301241279
Total OI676.652376990809504

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$70.31$71.0016.3%4.7%10.2%18.5%0.0%3.2%0.1%-43.1K134.5K-3.0K0.3364.44N/AN/A93418391
2023-03-02$70.95$71.0015.4%4.4%9.3%15.5%0.0%4.7%-1.0%-38.8K16.8K-3.1K0.1473.00N/AN/A223427394
2023-03-03$71.44$71.0015.0%4.3%9.7%13.9%12.5%3.2%-0.1%11.7K-241.1K-3.3K0.3857.20N/AN/A3212444391
2023-03-06$71.56$67.0015.0%4.1%9.5%13.8%12.9%2.9%0.8%36.4K-349.1K-3.4K0.0074.48N/AN/A50472390
2023-03-07$70.78$67.0016.7%4.3%10.1%20.1%0.0%3.5%0.6%-9.2K-97.8K-3.1K0.0064.52N/AN/A00475390
2023-03-08$70.72$67.0016.4%4.1%9.9%19.2%0.0%3.2%0.6%-28.6K-23.0K-3.0K0.0069.60N/AN/A20475390
2023-03-09$69.94$67.0020.4%4.8%10.2%33.7%18.1%3.6%0.6%-36.0K107.6K-3.0K1.0072.60N/AN/A11477390
2023-03-10$68.98$68.0024.0%5.3%11.0%46.8%15.7%5.4%0.2%-57.4K376.1K-2.5K1.3085.95N/AN/A1013477391
2023-03-13$69.53$68.0036.0%5.9%11.1%90.4%0.0%6.7%-1.8%-22.8K228.3K-2.7K0.00108.16N/AN/A00480394
2023-03-14$69.69$68.0024.6%4.9%10.7%48.9%11.6%7.9%0.2%-96.7K274.7K-2.7K0.00109.71N/AN/A40480394
2023-03-15$69.66$68.0019.0%5.4%10.7%28.3%0.0%4.0%-1.0%-95.5K265.4K-2.4K0.00101.72N/AN/A1240480390
2023-03-16$70.63$68.0014.4%4.1%12.1%11.6%14.8%2.9%9.7%7.3K-601.7K-3.9K0.00107.78N/AN/A160600390
2023-03-17$69.94$60.0017.5%5.0%12.5%23.0%16.2%6.5%-0.7%-406.7K-405.0K-3.6K0.3086.30N/AN/A103601385
2023-03-20$70.72$60.0016.6%4.8%13.2%19.6%14.5%3.3%0.4%77.3K-846.1K-3.4K0.0082.06N/AN/A10034234
2023-03-21$70.97$60.0014.7%4.2%12.9%12.7%14.0%5.3%0.8%87.1K-934.1K-3.5K0.0070.77N/AN/A18035234
2023-03-22$70.41$60.0015.8%4.5%12.9%17.0%0.0%3.5%-0.0%95.8K-926.3K-3.5K0.0088.88N/AN/A4036734
2023-03-23$69.72$60.0016.1%4.6%13.2%18.0%0.0%5.3%0.0%86.8K-817.6K-3.4K0.0072.37N/AN/A0036934
2023-03-24$70.56$60.0015.0%4.3%13.7%13.9%0.0%5.8%1.2%95.6K-951.2K-3.6K0.0075.17N/AN/A5036934
2023-03-27$70.95$60.0015.3%4.4%13.9%15.1%14.6%4.7%0.4%111.0K-1.1M-3.8K0.0470.47N/AN/A28137434
2023-03-28$70.84$65.0015.2%4.4%13.8%14.6%13.1%3.9%0.3%108.1K-1.1M-3.5K0.0068.27N/AN/A15038435
2023-03-29$71.56$65.0013.2%3.8%14.0%7.3%14.1%3.9%0.0%129.1K-1.2M-3.8K0.8069.92N/AN/A5439935
2023-03-30$71.88$68.0013.0%3.7%13.8%6.7%10.8%-0.4%-1.0%136.9K-1.3M-3.6K0.0085.87N/AN/A62040439
2023-03-31$72.52$68.0012.8%3.7%13.9%6.0%12.9%4.3%0.6%194.2K-1.6M-4.4K0.0075.85N/AN/A79046539