USMV Options History — May 2025

In May 2025, USMV traded between $91.55 and $94.21. ATM implied volatility averaged 12.4%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 4.7% (HV 20d: 17.1%). Max pain ranged from $90.00 to $93.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.18.

Notable Days

  • 2025-05-01: Highest Volume — 157 contracts
  • 2025-05-12: Largest IV drop — 34.8% change
  • 2025-05-01: Highest IV Rank — 28.4%
  • 2025-05-01: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.90$91.55$94.21$92.34$93.50
Max Pain$92.71$90.00$93.00$90.00$93.00
ATM IV12.4%9.8%16.5%16.5%10.5%
Expected Move3.6%3.0%4.7%4.7%3.0%
HV 20d17.1%9.1%35.1%35.1%10.3%
HV 60d21.8%21.5%22.0%21.6%22.0%
IV Rank18.4%11.8%28.4%28.4%13.6%
IV Percentile68.7%48.4%89.3%89.3%51.2%
Term Structure0.6%-1.3%2.4%-1.3%0.8%
VWIV12.2%9.0%17.8%17.7%10.1%
Skew 25d4.4%-1.4%7.3%7.3%2.7%
Skew 10d6.2%1.7%14.1%8.1%3.6%
Call IV 25d9.8%7.6%12.1%12.1%9.3%
Put IV 25d14.3%10.0%19.4%19.4%12.1%
Bid-Ask Spread %89.5870.40105.8481.66105.84
Gamma HHI0.180.140.230.140.22
Net GEX-419.2K-654.2K-296.2K-320.2K-557.2K
Net DEX1.9M9.1K3.3M1.5M1.9M
Net VEX-35.2K-38.3K-31.1K-31.1K-33.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.180.0013.711.290.04
Total Volume45.619015715794
Total OI2,714.3332,4772,9422,5072,604

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$92.34$90.0016.5%4.7%35.1%28.4%0.0%7.3%-1.3%-320.2K1.5M-31.1K0.0081.66N/AN/A01576731,834
2025-05-02$92.86$90.0014.1%4.0%35.0%22.3%0.0%6.5%0.3%-318.1K1.6M-34.8K1.2994.08N/AN/A24316732,031
2025-05-05$92.80$93.0015.3%4.1%29.3%25.2%0.0%6.4%0.7%-296.2K1.5M-34.6K13.7170.40N/AN/A7966842,062
2025-05-06$92.53$93.0015.0%4.2%27.7%24.7%17.7%6.6%0.2%-392.7K2.4M-37.7K1.1874.21N/AN/A33396872,158
2025-05-07$92.89$93.0010.5%4.4%26.6%13.6%10.9%-1.4%0.6%-348.9K1.9M-38.3K0.0090.63N/AN/A0717132,151
2025-05-08$92.65$93.0012.8%4.0%18.7%19.2%17.8%6.9%1.1%-316.9K1.8M-37.7K0.8679.45N/AN/A14127132,159
2025-05-09$92.09$93.0014.9%4.1%17.7%24.5%12.0%7.3%0.2%-329.1K2.3M-37.3K0.0077.37N/AN/A407272,171
2025-05-12$92.53$93.009.8%3.2%16.2%11.8%0.0%4.5%1.6%-340.3K1.8M-35.4K0.0085.47N/AN/A007272,171
2025-05-13$92.50$93.0012.3%3.2%15.3%18.0%13.1%3.6%2.4%-400.1K1.6M-34.3K0.1190.49N/AN/A1827272,171
2025-05-14$91.55$93.0010.8%3.1%15.6%14.5%10.9%3.5%2.0%-367.5K2.9M-35.1K0.0493.31N/AN/A2417372,172
2025-05-15$92.90$93.0010.6%3.0%15.3%14.0%11.0%6.1%2.0%-388.0K1.1M-35.0K0.6385.79N/AN/A27177592,169
2025-05-16$93.78$93.0010.3%3.0%15.4%13.3%11.2%1.1%1.1%-365.0K9.1K-33.2K6.7894.22N/AN/A9617652,177
2025-05-19$94.21$93.0011.7%3.3%11.6%16.5%10.5%2.9%0.5%-389.8K961.0K-34.3K1.4087.24N/AN/A43606501,827
2025-05-20$94.18$93.0012.4%3.6%9.1%18.3%13.9%4.0%0.2%-379.5K928.2K-34.3K0.0094.07N/AN/A406581,886
2025-05-21$93.20$93.0013.2%3.8%10.1%20.3%0.0%0.9%0.1%-461.8K2.1M-35.9K0.0094.23N/AN/A206541,886
2025-05-22$92.84$93.0012.0%3.4%10.1%17.2%0.0%4.2%0.9%-531.4K2.7M-36.1K0.00101.37N/AN/A0106551,886
2025-05-23$92.58$93.0013.7%3.9%10.1%21.4%0.0%6.2%-1.0%-519.5K3.3M-36.7K0.0093.84N/AN/A016551,896
2025-05-27$93.27$93.0011.9%3.4%10.3%17.1%10.9%6.2%0.3%-537.0K2.2M-34.4K1.3695.35N/AN/A11156551,897
2025-05-28$92.76$93.0011.9%3.4%10.2%17.1%9.0%3.7%-0.2%-590.7K2.7M-34.8K7.3399.51N/AN/A6446571,911
2025-05-29$92.91$93.0011.2%3.2%10.2%15.4%11.1%4.0%0.4%-654.2K2.9M-34.5K0.1192.56N/AN/A1926571,956
2025-05-30$93.50$93.0010.5%3.0%10.3%13.6%10.1%2.7%0.8%-557.2K1.9M-33.6K0.04105.84N/AN/A9046521,952