USMV Options History — January 2025

In January 2025, USMV traded between $87.69 and $92.05. ATM implied volatility averaged 9.4%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded below realized volatility by 0.3% (HV 20d: 9.8%). Max pain ranged from $87.00 to $92.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 6.65.

Notable Days

  • 2025-01-22: Highest Volume — 721 contracts
  • 2025-01-13: Largest IV spike — 54.3% change
  • 2025-01-14: Highest IV Rank — 55.9%
  • 2025-01-14: Largest Expected Move — 3.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.93$87.69$92.05$88.61$91.97
Max Pain$88.85$87.00$92.00$92.00$91.00
ATM IV9.4%6.8%15.8%8.8%7.9%
Expected Move2.7%2.0%3.5%2.5%2.3%
HV 20d9.8%8.6%11.6%8.7%8.6%
HV 60d10.2%9.8%10.4%10.0%10.4%
IV Rank23.2%9.7%55.9%20.0%15.1%
IV Percentile49.2%14.7%98.0%41.3%26.2%
Term Structure0.9%-1.4%4.7%3.0%-0.0%
VWIV10.6%6.1%18.6%10.6%9.1%
Skew 25d2.6%-2.6%5.5%1.6%-2.6%
Skew 10d2.9%-1.8%8.7%3.3%-1.8%
Call IV 25d7.6%5.0%9.8%6.1%8.9%
Put IV 25d10.2%5.8%13.4%7.7%6.3%
Bid-Ask Spread %82.9063.01100.23100.2390.35
Gamma HHI0.150.130.170.130.16
Net GEX-84.8K-137.1K9.0K-70.9K-43.4K
Net DEX1.1M283.6K2.0M1.3M455.2K
Net VEX-21.9K-29.5K-16.6K-17.9K-28.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.650.0051.500.002.64
Total Volume73.60721140
Total OI1,7261,3552,4821,3592,482

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$88.61$92.008.8%2.5%8.7%20.0%10.6%1.6%3.0%-70.9K1.3M-17.9K0.00100.23N/AN/A014689670
2025-01-03$89.14$92.009.9%2.8%9.1%25.6%0.0%4.3%0.4%-66.2K1.2M-18.7K0.0087.22N/AN/A20689684
2025-01-06$88.53$87.009.5%2.4%9.2%23.7%8.6%3.5%2.5%-96.2K1.3M-17.8K0.0089.83N/AN/A60691684
2025-01-07$88.30$87.009.9%3.3%9.1%25.4%0.0%3.4%-1.3%-107.5K1.3M-18.1K0.0077.27N/AN/A020697684
2025-01-08$88.87$87.008.6%3.1%9.5%18.7%0.0%3.0%0.5%-104.2K1.5M-17.9K51.5087.31N/AN/A2103697700
2025-01-10$87.69$87.007.9%3.2%10.3%15.2%10.2%4.1%0.8%-137.1K2.0M-16.6K1.0087.97N/AN/A11699656
2025-01-13$88.06$87.0012.2%3.4%10.6%37.1%10.2%3.6%-0.0%-109.3K1.8M-17.4K0.3478.79N/AN/A4114700655
2025-01-14$88.44$87.0015.8%3.5%10.8%55.9%0.0%3.8%-0.5%-112.5K1.7M-17.9K0.0063.01N/AN/A025701669
2025-01-15$89.25$87.0010.2%2.9%11.5%27.1%0.0%4.7%1.1%-99.1K1.3M-17.6K0.0077.81N/AN/A10701664
2025-01-16$89.69$87.006.8%2.0%11.6%9.7%0.0%-0.8%4.3%-64.8K946.7K-18.3K0.0084.10N/AN/A0104702664
2025-01-17$89.94$87.009.5%2.7%11.3%23.5%12.4%5.5%0.2%-93.3K1.0M-20.7K14.2582.67N/AN/A457702770
2025-01-21$90.59$88.008.8%2.5%9.6%19.9%6.3%5.5%0.4%-72.2K866.0K-22.8K4.7889.80N/AN/A943616803
2025-01-22$90.77$90.008.7%2.5%9.6%19.2%12.6%-0.3%-1.4%-93.0K819.0K-22.5K1.2974.40N/AN/A315406620846
2025-01-23$90.84$90.008.5%2.4%9.3%18.2%8.1%3.5%0.6%-113.3K1.1M-25.4K0.5077.04N/AN/A36189351,250
2025-01-24$90.90$90.008.8%2.5%9.3%20.0%0.0%-0.6%0.5%-80.8K995.9K-25.7K3.5074.49N/AN/A279681,268
2025-01-27$91.72$90.008.4%2.4%9.6%17.7%14.8%3.4%4.7%9.0K283.6K-26.9K0.0085.58N/AN/A01959691,275
2025-01-28$91.75$90.0010.0%2.9%9.6%26.0%18.6%0.5%-0.1%-86.3K891.6K-29.5K0.0083.60N/AN/A059691,468
2025-01-29$91.56$90.009.4%2.7%9.1%23.2%6.1%1.5%0.5%-98.9K976.1K-29.1K0.0078.63N/AN/A019691,472
2025-01-30$92.05$91.009.4%2.7%8.8%23.1%9.1%4.4%1.0%-56.1K473.7K-28.8K2.6487.90N/AN/A11299691,473
2025-01-31$91.97$91.007.9%2.3%8.6%15.1%0.0%-2.6%-0.0%-43.4K455.2K-28.9K0.0090.35N/AN/A009801,502