USMV Options History — July 2023

In July 2023, USMV traded between $73.43 and $76.06. ATM implied volatility averaged 9.2%, placing in the 5.3% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded above realized volatility by 0.7% (HV 20d: 8.5%). Max pain ranged from $70.00 to $74.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.06.

Notable Days

  • 2023-07-12: Highest Volume — 23 contracts
  • 2023-07-21: Largest IV drop — 12.6% change
  • 2023-07-20: Highest IV Rank — 8.7%
  • 2023-07-20: Largest Expected Move — 2.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.74$73.43$76.06$74.30$75.16
Max Pain$72.90$70.00$74.00$71.00$74.00
ATM IV9.2%8.2%10.2%8.2%9.4%
Expected Move2.7%2.4%2.9%2.4%2.7%
HV 20d8.5%6.3%9.6%9.3%6.3%
HV 60d9.1%8.3%9.4%9.3%8.3%
IV Rank5.3%1.8%8.7%1.8%6.0%
IV Percentile5.7%0.4%11.9%0.4%9.1%
Term Structure0.6%-0.7%1.5%1.3%0.8%
VWIV10.4%9.0%14.6%9.1%9.4%
Skew 25d2.6%1.3%3.7%2.7%2.2%
Skew 10d3.0%-0.7%8.2%2.6%1.9%
Call IV 25d7.8%5.8%8.8%6.2%7.7%
Put IV 25d10.4%8.9%12.4%8.9%9.9%
Bid-Ask Spread %59.6632.2787.2832.2748.16
Gamma HHI0.190.160.230.200.17
Net GEX195.7K155.6K230.7K205.8K182.4K
Net DEX-1.4M-1.8M-1.1M-1.4M-1.3M
Net VEX-4.3K-4.6K-4.0K-4.6K-4.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.500.250.00
Total Volume6.4502301
Total OI474.95438515459473

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$74.30$71.008.2%2.4%9.3%1.8%0.0%2.7%1.3%205.8K-1.4M-4.6K0.0032.27N/AN/A00349110
2023-07-05$74.16$71.009.2%2.6%9.3%5.1%9.1%2.2%1.0%206.0K-1.3M-4.6K0.0047.50N/AN/A01349110
2023-07-06$73.77$74.009.7%2.9%9.4%7.0%14.6%3.4%1.1%207.5K-1.2M-4.5K0.0056.97N/AN/A08349111
2023-07-07$73.43$70.008.7%2.9%9.5%3.6%0.0%3.4%0.7%230.7K-1.1M-4.4K0.2546.42N/AN/A41349119
2023-07-10$73.53$70.008.9%2.8%9.3%4.3%9.8%3.6%0.4%222.8K-1.1M-4.4K0.0060.28N/AN/A20349120
2023-07-11$74.02$70.009.9%2.9%9.6%7.8%0.0%3.2%0.3%215.9K-1.2M-4.3K0.0060.51N/AN/A10349120
2023-07-12$74.30$70.009.5%2.7%9.5%6.5%9.5%1.9%0.3%228.6K-1.4M-4.2K0.0074.14N/AN/A023355120
2023-07-13$74.44$74.009.6%2.8%9.5%6.7%0.0%2.8%0.4%205.1K-1.3M-4.3K0.0050.29N/AN/A03355140
2023-07-14$74.32$74.009.5%2.7%9.6%6.4%0.0%2.0%0.7%197.9K-1.4M-4.2K0.0051.14N/AN/A20355138
2023-07-17$74.45$74.008.9%2.6%8.2%4.3%0.0%3.3%1.4%207.0K-1.4M-4.0K0.0073.30N/AN/A220354138
2023-07-18$74.56$74.008.4%2.4%8.2%2.5%11.3%2.0%1.5%199.5K-1.4M-4.2K0.0053.17N/AN/A110355138
2023-07-19$74.91$74.009.2%2.6%7.8%5.3%0.0%1.8%0.2%199.6K-1.6M-4.2K0.0064.94N/AN/A40366138
2023-07-20$75.30$74.0010.2%2.9%7.9%8.7%10.4%3.7%-0.7%187.7K-1.7M-4.3K0.0083.77N/AN/A50373138
2023-07-21$75.81$74.008.9%2.5%8.1%4.1%9.0%2.7%0.0%184.8K-1.8M-4.2K0.0071.62N/AN/A90377138
2023-07-24$75.94$74.009.1%2.6%7.6%4.8%0.0%2.5%1.0%155.6K-1.5M-4.0K0.0071.65N/AN/A010315123
2023-07-25$76.06$74.009.5%2.7%7.6%6.4%0.0%3.2%0.0%159.1K-1.5M-4.2K0.0059.35N/AN/A10319132
2023-07-26$75.75$74.008.7%2.5%7.7%3.6%10.3%2.8%0.6%159.9K-1.4M-4.3K0.5087.28N/AN/A21318132
2023-07-27$75.20$74.009.5%2.7%7.7%6.4%0.0%1.8%0.9%175.6K-1.3M-4.3K0.0061.68N/AN/A160320133
2023-07-28$75.32$74.009.0%2.6%7.5%4.8%0.0%1.3%0.5%182.2K-1.4M-4.6K0.0038.84N/AN/A20339133
2023-07-31$75.16$74.009.4%2.7%6.3%6.0%9.4%2.2%0.8%182.4K-1.3M-4.6K0.0048.16N/AN/A01340133