USMV Options History — April 2025

In April 2025, USMV traded between $84.65 and $93.77. ATM implied volatility averaged 22.5%, placing in the 48.9% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 6.9% (HV 20d: 29.4%). Max pain ranged from $90.00 to $92.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 5.13.

Notable Days

  • 2025-04-04: Highest Volume — 659 contracts
  • 2025-04-04: Largest IV spike — 109.8% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$90.18$84.65$93.77$93.47$91.98
Max Pain$91.62$90.00$92.00$92.00$90.00
ATM IV22.5%15.3%45.9%15.7%17.4%
Expected Move5.8%3.8%9.0%4.2%5.0%
HV 20d29.4%12.9%35.3%12.9%35.1%
HV 60d18.4%9.8%21.6%9.8%21.6%
IV Rank48.9%27.5%100.0%54.9%30.4%
IV Percentile96.1%90.1%100.0%94.0%92.9%
Term Structure-1.8%-8.1%1.3%-1.2%-1.2%
VWIV19.3%10.6%29.2%21.4%17.2%
Skew 25d7.9%2.4%14.2%6.4%5.5%
Skew 10d13.3%4.5%25.7%13.0%5.4%
Call IV 25d13.8%8.5%25.6%11.2%9.0%
Put IV 25d21.7%12.3%35.8%17.6%14.5%
Bid-Ask Spread %80.4859.94102.3659.9495.14
Gamma HHI0.210.150.380.170.15
Net GEX-467.1K-1.1M-303.1K-306.6K-365.3K
Net DEX4.1M1.9M7.5M2.0M2.2M
Net VEX-29.6K-32.8K-25.4K-31.2K-31.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.130.0032.001.000.70
Total Volume105.90546591239
Total OI2,162.5241,9792,4811,9792,470

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$93.47$92.0015.7%4.2%12.9%54.9%21.4%6.4%-1.2%-306.6K2.0M-31.2K1.0059.94N/AN/A665061,473
2025-04-02$93.77$92.0015.3%3.8%12.9%52.9%11.0%5.0%-0.2%-303.1K1.9M-31.0K5.0068.66N/AN/A2105061,479
2025-04-03$92.87$92.0016.8%4.5%13.1%60.7%0.0%7.7%1.3%-306.0K2.4M-31.9K0.0095.19N/AN/A2805081,485
2025-04-04$88.22$92.0035.2%6.7%22.2%100.0%20.0%14.2%-1.2%-324.8K5.6M-32.8K21.7276.89N/AN/A296305301,485
2025-04-07$86.15$92.0041.3%7.9%23.4%100.0%20.1%12.1%-3.5%-364.9K6.9M-27.4K10.8084.38N/AN/A5545421,503
2025-04-08$84.65$92.0045.9%9.0%23.8%100.0%29.2%10.3%-8.1%-309.6K7.5M-25.4K3.4877.21N/AN/A401395431,485
2025-04-09$89.47$92.0019.4%5.6%31.7%35.5%10.6%9.5%0.2%-511.8K5.2M-28.2K1.11102.36N/AN/A44495451,479
2025-04-10$88.06$92.0026.7%7.7%32.1%53.2%0.0%6.7%-2.9%-392.6K5.8M-29.2K0.0080.59N/AN/A0755831,519
2025-04-11$90.03$92.0023.1%6.6%33.0%44.5%18.9%12.5%-1.8%-446.3K4.4M-28.6K0.0063.99N/AN/A5105831,454
2025-04-14$91.43$92.0020.9%6.0%32.9%39.2%19.4%4.4%-1.9%-510.3K3.3M-26.9K0.0098.50N/AN/A2005831,454
2025-04-15$90.93$91.0019.1%5.5%32.8%34.8%24.4%9.0%-2.7%-530.4K3.2M-26.9K0.0075.22N/AN/A04535891,455
2025-04-16$89.56$91.0021.2%6.1%33.1%39.8%22.1%7.6%-1.7%-875.4K5.5M-30.6K0.0073.92N/AN/A045891,892
2025-04-17$90.28$92.0020.6%5.9%33.2%38.2%16.1%8.7%-1.4%-1.1M4.9M-30.0K0.0073.50N/AN/A7005841,877
2025-04-21$88.03$92.0023.2%6.6%34.3%44.5%27.0%10.4%-2.2%-481.3K5.8M-29.9K32.0070.37N/AN/A1325191,626
2025-04-22$90.05$92.0020.7%5.9%35.2%38.6%0.0%3.4%-1.3%-481.3K4.2M-30.8K0.0084.68N/AN/A405201,654
2025-04-23$90.23$92.0020.5%5.9%35.2%38.0%22.6%2.4%-2.4%-495.8K4.0M-29.6K0.4483.79N/AN/A945161,654
2025-04-24$90.91$92.0018.2%5.2%35.3%32.5%18.2%7.2%-0.8%-480.2K3.5M-29.6K0.1976.66N/AN/A107205251,654
2025-04-25$90.69$91.0016.2%4.6%35.3%27.5%14.8%6.7%-1.0%-421.8K3.1M-30.4K5.8578.72N/AN/A13766321,674
2025-04-28$91.09$91.0017.6%5.1%35.2%31.1%15.4%7.0%-2.1%-421.7K2.9M-30.4K5.0086.74N/AN/A8406451,741
2025-04-29$91.83$90.0017.2%4.9%35.1%29.9%0.0%9.4%-2.4%-336.5K1.9M-29.5K0.0083.55N/AN/A01566511,701
2025-04-30$91.98$90.0017.4%5.0%35.1%30.4%17.2%5.5%-1.2%-365.3K2.2M-31.7K0.7095.14N/AN/A23166511,819