USMV Options History — April 2024

In April 2024, USMV traded between $79.97 and $83.30. ATM implied volatility averaged 10.4%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 3.0%. IV traded above realized volatility by 2.3% (HV 20d: 8.1%). Max pain ranged from $81.00 to $82.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 101.66.

Notable Days

  • 2024-04-26: Highest Volume — 1,202 contracts
  • 2024-04-04: Largest IV spike — 35.0% change
  • 2024-04-18: Highest IV Rank — 54.7%
  • 2024-04-18: Largest Expected Move — 3.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$81.32$79.97$83.30$83.30$80.59
Max Pain$81.14$81.00$82.00$82.00$81.00
ATM IV10.4%7.8%12.3%8.0%10.8%
Expected Move3.0%2.2%3.5%2.3%3.1%
HV 20d8.1%7.0%9.1%7.3%8.0%
HV 60d7.7%7.1%8.1%7.1%7.8%
IV Rank33.8%5.2%54.7%7.2%38.6%
IV Percentile55.6%2.0%87.7%2.8%67.5%
Term Structure0.1%-1.8%4.2%0.4%-0.5%
VWIV11.4%6.2%16.2%12.1%12.7%
Skew 25d2.8%0.9%4.8%1.1%3.3%
Skew 10d4.7%-1.4%9.0%0.5%-1.4%
Call IV 25d8.9%7.3%10.9%7.9%9.2%
Put IV 25d11.8%9.0%13.9%9.0%12.5%
Bid-Ask Spread %98.8076.22107.2079.75102.23
Gamma HHI0.630.250.960.430.29
Net GEX-2.3M-9.8M-82.7K-223.9K-519.3K
Net DEX1.5M-1.8M9.4M-1.8M736.8K
Net VEX-20.2K-30.6K-11.3K-11.3K-19.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio101.660.001201.0075.331201.00
Total Volume95.40901,2022057
Total OI4,583.4091,2666,0445,7252,534

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$83.30$82.008.0%2.3%7.3%7.2%0.0%1.1%0.4%-223.9K-1.8M-11.3K0.0079.75N/AN/A02054535,272
2024-04-02$82.82$82.008.4%2.4%7.7%12.3%0.0%1.6%0.9%-681.0K-869.0K-16.3K0.0076.22N/AN/A094535,338
2024-04-03$82.77$82.007.8%2.2%7.0%5.2%0.0%0.9%0.0%-537.0K-1.1M-14.5K0.0078.63N/AN/A0704545,341
2024-04-04$81.91$81.0010.5%2.7%7.4%35.2%12.1%4.2%4.2%-2.1M2.0M-25.8K75.33101.61N/AN/A32264555,396
2024-04-05$82.34$81.009.3%3.0%7.5%22.3%0.0%3.0%-0.3%-1.3M451.4K-21.7K30.00101.39N/AN/A1304585,534
2024-04-08$82.28$81.009.2%3.2%7.5%20.6%0.0%2.6%-1.5%-1.0M-112.7K-19.3K1.20102.92N/AN/A10124585,534
2024-04-09$82.12$81.0010.4%2.9%7.4%34.3%0.0%2.7%-0.8%-1.5M594.4K-21.4K0.00104.48N/AN/A0304685,546
2024-04-10$81.59$81.0010.1%2.9%7.5%30.9%0.0%4.5%-0.1%-2.1M1.6M-24.5K6.00100.61N/AN/A15904685,576
2024-04-11$81.57$81.009.5%2.7%7.5%24.5%0.0%3.1%0.8%-1.6M713.0K-20.6K0.00102.99N/AN/A004685,533
2024-04-12$80.52$81.0011.3%3.2%8.5%44.3%11.1%2.4%-0.0%-4.7M6.2M-30.6K1.0096.29N/AN/A114685,533
2024-04-15$79.97$81.0011.8%3.4%8.8%50.0%11.4%2.2%-0.4%-6.5M9.4M-30.0K1.0096.41N/AN/A224675,534
2024-04-16$80.07$81.0011.7%3.4%8.6%48.8%11.6%3.9%-0.3%-6.5M7.4M-26.7K0.0099.17N/AN/A1304695,534
2024-04-17$79.97$81.0012.0%3.4%8.4%52.1%0.0%4.8%-1.8%-7.4M6.6M-24.4K0.00102.12N/AN/A0214805,534
2024-04-18$80.05$81.0012.3%3.5%8.3%54.7%12.3%2.4%-0.9%-9.8M1.9M-19.2K0.00100.14N/AN/A204805,555
2024-04-19$80.38$81.0012.3%3.5%8.5%54.7%16.2%1.1%-0.4%-2.5M1.2M-18.2K1.82100.99N/AN/A11204805,555
2024-04-22$80.88$81.0010.8%3.1%8.9%38.1%0.0%4.1%-0.1%-120.6K-10.1K-17.3K4.29105.21N/AN/A730446820
2024-04-23$81.20$81.0010.6%3.1%9.0%37.0%6.2%2.2%-0.1%-103.8K-371.1K-16.3K0.00106.18N/AN/A190445830
2024-04-24$81.32$81.009.8%2.8%9.1%27.9%0.0%3.4%0.8%-82.7K-482.9K-15.8K0.00101.53N/AN/A044464830
2024-04-25$81.18$81.0010.6%3.0%8.3%36.8%0.0%1.2%0.3%-105.5K-209.4K-17.0K0.00107.20N/AN/A110464852
2024-04-26$81.05$81.0010.1%2.9%8.0%31.2%9.4%4.8%0.2%-119.7K-213.8K-16.7K1201.00106.25N/AN/A11,201475852
2024-04-29$81.10$81.0010.6%3.0%8.0%36.0%0.0%3.2%2.0%-368.4K145.0K-18.2K0.00101.19N/AN/A054762,053
2024-04-30$80.59$81.0010.8%3.1%8.0%38.6%12.7%3.3%-0.5%-519.3K736.8K-19.4K0.00102.23N/AN/A074762,058