USMV Options History — September 2023

In September 2023, USMV traded between $72.37 and $75.44. ATM implied volatility averaged 10.0%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 2.3% (HV 20d: 7.7%). Max pain ranged from $72.00 to $74.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.55.

Notable Days

  • 2023-09-27: Highest Volume — 225 contracts
  • 2023-09-21: Largest IV spike — 14.9% change
  • 2023-09-28: Highest IV Rank — 18.8%
  • 2023-09-28: Largest Expected Move — 3.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.32$72.37$75.44$75.05$72.37
Max Pain$72.20$72.00$74.00$74.00$73.00
ATM IV10.0%7.9%13.0%7.9%11.9%
Expected Move2.9%2.3%3.7%2.3%3.4%
HV 20d7.7%6.8%9.0%7.8%8.7%
HV 60d7.7%7.4%7.9%7.8%7.8%
IV Rank8.1%0.7%18.8%0.7%14.9%
IV Percentile18.2%0.4%46.4%0.4%37.7%
Term Structure0.5%-5.7%2.1%1.5%0.5%
VWIV9.4%8.4%12.2%9.2%10.3%
Skew 25d2.7%1.2%3.9%2.5%3.5%
Skew 10d5.8%2.6%8.1%5.3%4.2%
Call IV 25d8.9%6.9%11.9%6.9%9.8%
Put IV 25d11.6%9.3%13.8%9.3%13.4%
Bid-Ask Spread %73.6052.6993.3259.3153.55
Gamma HHI0.270.160.630.230.63
Net GEX110.7K-183.6K308.7K194.3K-183.6K
Net DEX-438.8K-1.1M1.0M-907.5K1.0M
Net VEX-5.1K-7.1K-3.8K-4.4K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.550.0014.000.001.00
Total Volume24.050225104
Total OI521.15385703535703

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$75.05$74.007.9%2.3%7.8%0.7%0.0%2.5%1.5%194.3K-907.5K-4.4K0.0059.31N/AN/A100367168
2023-09-05$74.66$72.008.6%2.7%7.5%3.0%9.2%3.9%2.0%173.3K-835.5K-4.2K0.0093.32N/AN/A50363168
2023-09-06$74.31$72.009.5%3.0%7.7%6.3%0.0%3.4%-0.1%135.6K-623.7K-4.2K0.0066.94N/AN/A00366168
2023-09-07$74.53$72.008.4%2.8%7.7%2.4%0.0%3.3%1.6%151.5K-625.6K-4.0K0.0082.41N/AN/A00366168
2023-09-08$74.66$72.008.5%2.6%7.6%2.9%8.5%3.0%2.1%165.8K-694.6K-4.0K0.0083.60N/AN/A20366168
2023-09-11$74.94$72.009.0%2.7%7.4%4.6%0.0%2.3%0.9%196.1K-819.7K-3.8K0.0086.40N/AN/A230367168
2023-09-12$74.69$72.009.6%2.7%7.5%6.7%9.8%2.4%0.9%195.3K-733.8K-4.2K0.4358.92N/AN/A73387168
2023-09-13$74.82$72.009.3%2.7%6.8%5.8%9.2%2.5%1.3%216.2K-775.7K-4.1K0.0072.36N/AN/A80388171
2023-09-14$75.44$72.008.8%2.5%7.3%4.0%8.4%2.0%0.9%191.8K-1.1M-4.1K0.0173.56N/AN/A721388171
2023-09-15$74.91$72.008.9%2.6%7.4%4.3%8.9%2.4%0.8%308.7K-791.2K-4.4K1.3785.30N/AN/A1926401172
2023-09-18$74.91$72.009.0%2.6%7.4%4.7%8.5%2.4%0.6%91.6K-600.3K-5.1K1.5487.50N/AN/A1320267118
2023-09-19$75.03$72.009.2%2.6%7.4%5.3%9.5%2.7%0.9%95.9K-559.7K-5.6K2.6763.56N/AN/A616280138
2023-09-20$75.10$72.009.6%2.8%7.1%6.8%0.0%2.0%0.4%91.8K-564.7K-6.1K0.7181.97N/AN/A75286154
2023-09-21$74.28$72.0011.1%3.2%7.9%11.8%0.0%3.3%0.4%73.0K-301.4K-6.0K0.0052.69N/AN/A05293160
2023-09-22$74.25$72.0011.4%3.3%7.7%13.2%0.0%2.9%0.1%70.5K-270.7K-6.1K0.0057.50N/AN/A00293165
2023-09-25$74.09$72.0011.3%3.2%7.3%12.8%0.0%3.2%0.4%66.6K-218.1K-5.9K0.0086.88N/AN/A40293165
2023-09-26$72.97$72.0012.8%3.7%9.0%18.1%0.0%1.2%-0.1%61.8K-80.0K-5.9K0.0081.67N/AN/A00313165
2023-09-27$72.57$72.0011.9%3.4%8.5%15.0%12.2%2.8%0.5%53.9K10.5K-5.6K14.0086.47N/AN/A15210313165
2023-09-28$72.80$73.0013.0%3.7%8.6%18.8%0.0%2.0%-5.7%-136.9K643.4K-7.1K0.0058.10N/AN/A00328375
2023-09-29$72.37$73.0011.9%3.4%8.7%14.9%10.3%3.5%0.5%-183.6K1.0M-6.5K1.0053.55N/AN/A22328375