USMV Options History — July 2025

In July 2025, USMV traded between $92.40 and $94.32. ATM implied volatility averaged 9.9%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 0.3% (HV 20d: 9.6%). Max pain ranged from $88.00 to $93.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 7.21.

Notable Days

  • 2025-07-15: Highest Volume — 251 contracts
  • 2025-07-08: Largest IV drop — 20.5% change
  • 2025-07-07: Highest IV Rank — 14.7%
  • 2025-07-07: Largest Expected Move — 3.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.42$92.40$94.32$94.32$92.82
Max Pain$91.64$88.00$93.00$93.00$93.00
ATM IV9.9%8.2%11.2%10.7%8.9%
Expected Move2.9%2.4%3.3%3.1%2.6%
HV 20d9.6%7.9%10.5%9.2%7.9%
HV 60d11.9%9.0%21.3%21.3%9.2%
IV Rank10.8%5.4%14.7%14.1%7.2%
IV Percentile39.0%14.3%54.8%50.0%26.2%
Term Structure0.5%-1.1%1.7%1.1%-1.1%
VWIV10.0%5.5%17.3%5.5%10.0%
Skew 25d3.1%-0.3%7.1%4.3%2.1%
Skew 10d3.4%-2.0%12.0%7.3%2.1%
Call IV 25d6.8%5.3%9.0%7.5%7.9%
Put IV 25d10.0%6.6%12.9%11.8%10.0%
Bid-Ask Spread %99.0391.50106.3098.4697.13
Gamma HHI0.200.170.220.180.22
Net GEX-365.3K-483.7K-274.9K-284.8K-437.7K
Net DEX1.3M606.5K2.4M852.9K1.6M
Net VEX-24.3K-27.8K-21.3K-26.5K-22.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.210.0055.670.713.00
Total Volume32.5910251414
Total OI2,0391,9232,1621,9772,162

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$94.32$93.0010.7%3.1%9.2%14.1%5.5%4.3%1.1%-284.8K852.9K-26.5K0.7198.46N/AN/A24174321,545
2025-07-02$93.43$93.0010.7%3.1%9.8%13.7%0.0%3.7%1.7%-336.5K1.5M-27.8K0.0099.94N/AN/A034441,558
2025-07-03$94.25$88.0010.2%3.1%10.2%12.4%10.7%6.2%0.2%-274.9K840.5K-26.7K0.5096.45N/AN/A844441,557
2025-07-07$93.63$88.0011.1%3.3%10.5%14.7%0.0%7.1%0.4%-312.8K1.4M-27.1K1.5092.18N/AN/A234381,561
2025-07-08$93.56$88.008.8%2.9%10.4%9.1%11.2%6.5%1.1%-346.6K1.4M-26.6K0.6093.31N/AN/A1064371,561
2025-07-09$93.56$88.0010.1%2.9%10.2%12.2%0.0%2.8%0.5%-346.3K1.3M-25.4K2.00101.79N/AN/A124371,563
2025-07-10$93.59$88.0010.3%3.0%10.2%12.8%10.4%1.3%-0.2%-357.1K1.3M-25.0K1.00105.46N/AN/A554371,563
2025-07-11$92.91$88.0010.9%3.1%10.5%14.1%10.4%6.0%0.0%-421.0K1.7M-26.0K0.6793.71N/AN/A964321,561
2025-07-14$93.13$93.0010.7%3.1%10.1%13.0%10.2%4.0%1.4%-405.7K1.8M-26.0K5.0091.50N/AN/A4204371,564
2025-07-15$92.40$93.0011.2%3.2%10.1%14.1%0.0%2.4%0.2%-483.7K2.4M-26.1K0.0098.16N/AN/A02514351,584
2025-07-16$92.78$93.0011.0%3.2%10.2%13.7%10.9%0.8%0.2%-437.5K1.8M-23.9K0.0099.82N/AN/A204351,514
2025-07-17$93.00$93.0010.4%3.0%10.0%12.3%0.0%3.2%0.7%-411.9K1.6M-23.7K0.0096.49N/AN/A004371,514
2025-07-18$92.91$93.0010.0%2.9%9.9%9.9%17.3%2.3%1.0%-424.3K1.4M-23.1K39.00100.14N/AN/A1394371,514
2025-07-21$92.94$93.0011.0%3.1%9.8%12.3%10.7%2.5%0.1%-380.8K1.4M-22.6K55.6796.40N/AN/A31674291,494
2025-07-22$93.78$93.009.4%2.7%9.8%8.4%8.2%-0.1%0.3%-335.5K966.2K-22.6K5.33102.27N/AN/A3164341,660
2025-07-23$93.84$93.009.5%2.7%9.4%8.5%8.1%1.0%0.7%-320.8K742.3K-21.9K0.20102.02N/AN/A514351,676
2025-07-24$94.06$93.009.0%2.6%8.7%7.4%9.8%5.5%0.9%-306.0K607.0K-21.3K2.8099.09N/AN/A15424361,676
2025-07-25$94.27$93.008.7%2.5%8.7%6.7%8.1%3.9%0.9%-284.8K606.5K-21.9K1.86102.45N/AN/A7134271,716
2025-07-28$93.44$93.008.3%2.4%9.4%5.6%8.5%0.8%-1.0%-358.7K1.2M-23.3K5.00106.30N/AN/A2104271,729
2025-07-29$93.59$93.008.2%2.4%8.6%5.4%0.0%2.8%1.4%-360.4K1.1M-22.2K0.00105.53N/AN/A014291,729
2025-07-30$93.09$93.009.7%2.8%8.5%9.0%0.0%-0.3%0.2%-409.2K1.5M-22.9K5.00100.11N/AN/A154291,729
2025-07-31$92.82$93.008.9%2.6%7.9%7.2%10.0%2.1%-1.1%-437.7K1.6M-22.6K3.0097.13N/AN/A134281,734