USMV Options History — March 2025

In March 2025, USMV traded between $90.95 and $94.17. ATM implied volatility averaged 14.8%, placing in the 50.4% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 4.7% (HV 20d: 10.0%). Max pain ranged from $88.00 to $93.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 6.66.

Notable Days

  • 2025-03-10: Highest Volume — 275 contracts
  • 2025-03-10: Largest IV spike — 28.6% change
  • 2025-03-10: Highest IV Rank — 78.7%
  • 2025-03-10: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.87$90.95$94.17$94.17$93.78
Max Pain$91.50$88.00$93.00$92.00$92.00
ATM IV14.8%11.3%20.3%15.9%14.0%
Expected Move4.3%3.2%5.8%4.6%3.8%
HV 20d10.0%7.0%12.9%7.0%12.9%
HV 60d9.3%8.7%10.0%8.7%9.8%
IV Rank50.4%32.8%78.7%56.2%46.3%
IV Percentile91.3%73.0%99.6%97.6%89.7%
Term Structure-1.2%-4.5%0.3%-4.5%-1.0%
VWIV17.9%10.2%26.7%18.9%19.2%
Skew 25d6.4%0.3%9.9%5.5%7.8%
Skew 10d7.2%-0.5%15.2%0.8%11.3%
Call IV 25d9.6%6.3%14.3%12.5%10.3%
Put IV 25d16.0%10.5%20.7%17.9%18.1%
Bid-Ask Spread %81.1562.4297.3888.8362.75
Gamma HHI0.240.170.450.180.17
Net GEX-802.6K-1.7M-271.7K-378.3K-271.7K
Net DEX3.5M1.2M7.9M1.2M1.6M
Net VEX-34.8K-38.9K-31.0K-35.7K-31.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.660.0034.000.050.67
Total Volume60.47622756990
Total OI2,681.811,9293,1952,6371,995

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$94.17$92.0015.9%4.6%7.0%56.2%18.9%5.5%-4.5%-378.3K1.2M-35.7K0.0588.83N/AN/A6636431,994
2025-03-04$93.72$92.0015.5%4.4%7.1%54.0%12.2%6.7%-1.7%-445.8K1.7M-35.9K2.8391.02N/AN/A12346372,005
2025-03-05$93.72$92.0015.3%4.4%7.1%53.2%15.8%6.2%-1.2%-453.4K1.8M-36.0K0.1086.77N/AN/A1016402,019
2025-03-06$93.03$92.0016.8%4.8%7.2%60.9%20.9%9.5%-0.8%-521.6K2.7M-37.5K18.5092.50N/AN/A2377502,020
2025-03-07$93.69$92.0015.8%4.5%7.6%55.6%26.7%9.9%-1.5%-451.4K1.9M-37.1K2.7887.02N/AN/A9257512,050
2025-03-10$93.13$92.0020.3%5.8%7.9%78.7%20.1%8.4%-3.1%-522.3K2.8M-37.6K29.5676.14N/AN/A92667552,059
2025-03-11$92.20$93.0017.0%5.6%8.6%61.8%17.7%4.8%-2.3%-938.6K5.0M-38.6K2.4393.83N/AN/A461127642,275
2025-03-12$91.36$93.0016.8%5.6%9.1%60.9%19.7%7.0%-1.6%-1.2M7.2M-38.9K3.6094.11N/AN/A10367962,387
2025-03-13$90.95$93.0016.7%5.6%9.2%60.4%0.0%4.3%-1.8%-1.2M7.9M-38.0K1.1395.45N/AN/A16188002,395
2025-03-14$91.87$93.0014.6%4.9%9.3%49.7%19.8%5.8%-1.4%-1.4M6.6M-36.8K0.0095.40N/AN/A0267562,404
2025-03-17$93.38$93.0014.5%4.1%10.9%49.0%15.4%9.0%-0.3%-1.5M3.2M-33.8K0.1164.44N/AN/A88107562,420
2025-03-18$92.44$93.0015.1%3.9%11.5%52.3%0.0%5.5%-2.0%-1.5M5.4M-35.7K17.0062.42N/AN/A1176912,429
2025-03-19$93.03$93.0013.0%3.7%11.5%41.1%0.0%0.3%-0.2%-1.7M4.2M-34.2K3.0073.67N/AN/A136922,442
2025-03-20$92.56$0.0012.5%3.7%11.6%39.0%0.0%7.6%0.3%-1.7M5.1M-33.8K0.3597.38N/AN/A102366942,441
2025-03-21$92.13$0.0013.3%3.7%11.6%42.8%0.0%6.4%-0.1%-1.1M6.4M-32.9K34.0065.74N/AN/A31026942,436
2025-03-24$93.00$0.0012.2%3.4%12.0%37.2%16.3%7.0%-0.2%-305.9K2.0M-31.6K0.7572.66N/AN/A865261,403
2025-03-25$92.78$88.0011.3%3.2%11.9%32.8%22.3%2.9%0.1%-322.5K2.0M-31.2K0.0081.59N/AN/A065301,409
2025-03-26$93.09$88.0012.6%3.4%12.0%39.3%10.2%6.7%-0.7%-298.1K1.8M-31.0K8.5078.47N/AN/A2175301,414
2025-03-27$93.57$88.0012.0%3.5%12.1%36.1%0.0%4.7%0.1%-288.1K1.7M-31.1K0.0075.45N/AN/A205321,425
2025-03-28$92.73$88.0014.7%3.8%12.2%50.1%13.4%8.3%-1.6%-290.4K2.0M-31.7K1.1168.51N/AN/A18205341,425
2025-03-31$93.78$92.0014.0%3.8%12.9%46.3%19.2%7.8%-1.0%-271.7K1.6M-31.8K0.6762.75N/AN/A54365521,443