USMV Options History — August 2025

In August 2025, USMV traded between $92.31 and $94.72. ATM implied volatility averaged 9.0%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 2.7%. IV traded above realized volatility by 0.6% (HV 20d: 8.4%). Max pain ranged from $91.00 to $93.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 3.54.

Notable Days

  • 2025-08-12: Highest Volume — 253 contracts
  • 2025-08-05: Largest IV spike — 22.9% change
  • 2025-08-11: Highest IV Rank — 13.1%
  • 2025-08-04: Largest Expected Move — 3.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.48$92.31$94.72$92.31$94.13
Max Pain$91.10$91.00$93.00$93.00$91.00
ATM IV9.0%7.2%11.3%8.2%7.5%
Expected Move2.7%2.1%3.2%2.4%2.1%
HV 20d8.4%7.3%8.9%7.3%8.0%
HV 60d8.9%8.5%9.6%9.3%8.6%
IV Rank7.3%2.8%13.1%5.3%3.5%
IV Percentile27.2%5.6%58.3%13.1%7.9%
Term Structure1.0%-1.5%4.4%4.4%1.1%
VWIV9.7%4.5%14.9%7.2%7.7%
Skew 25d4.8%1.7%7.3%1.7%2.2%
Skew 10d4.6%1.5%8.3%2.8%7.8%
Call IV 25d6.2%5.0%8.1%7.2%6.7%
Put IV 25d11.0%7.2%13.3%8.9%8.9%
Bid-Ask Spread %97.6690.14109.85109.8590.14
Gamma HHI0.220.190.240.230.20
Net GEX-446.1K-530.7K-360.3K-489.6K-415.0K
Net DEX1.1M-33.8K2.6M2.6M271.8K
Net VEX-21.8K-24.5K-20.4K-24.5K-22.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.540.0016.001.252.08
Total Volume39.85702531877
Total OI2,321.9052,1632,5242,1632,524

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$92.31$93.008.2%2.4%7.3%5.3%7.2%1.7%4.4%-489.6K2.6M-24.5K1.25109.85N/AN/A8104291,734
2025-08-04$93.28$91.007.2%3.2%8.1%2.8%11.2%5.0%0.9%-423.7K1.6M-22.1K0.0090.64N/AN/A404301,739
2025-08-05$92.65$91.008.9%3.1%8.4%7.0%14.9%7.0%0.7%-468.8K2.1M-22.9K0.0097.61N/AN/A044321,739
2025-08-06$93.15$91.009.2%3.1%8.7%7.7%0.0%7.3%1.3%-437.4K1.7M-21.6K0.0096.59N/AN/A1104321,743
2025-08-07$92.56$91.009.7%2.9%8.9%9.0%0.0%5.8%0.7%-522.3K2.2M-22.2K0.0099.12N/AN/A004431,743
2025-08-08$92.75$91.009.5%2.8%8.6%8.5%8.9%4.9%1.2%-493.8K1.9M-21.7K0.0094.37N/AN/A604431,743
2025-08-11$92.66$91.0011.3%2.7%8.6%13.1%0.0%5.9%1.5%-510.5K1.8M-20.8K0.0095.61N/AN/A104471,743
2025-08-12$92.72$91.009.5%2.8%8.1%8.5%11.2%6.2%0.8%-530.7K1.9M-20.5K2.3397.51N/AN/A761774481,743
2025-08-13$93.48$91.009.6%2.8%8.5%8.8%12.7%4.2%1.8%-464.0K1.1M-20.8K15.0095.05N/AN/A2304861,786
2025-08-14$93.28$91.0010.4%3.0%8.5%10.8%11.0%5.8%-0.3%-474.8K1.1M-21.0K1.0393.19N/AN/A39404861,816
2025-08-15$93.53$91.008.9%2.6%8.5%7.2%10.7%6.5%0.6%-392.5K725.8K-21.8K5.6796.09N/AN/A12685171,816
2025-08-18$93.52$91.009.5%2.7%8.5%8.5%10.0%4.6%0.3%-457.1K828.0K-21.9K16.0098.69N/AN/A4645001,806
2025-08-19$94.00$91.008.9%2.6%8.1%7.2%4.5%6.3%0.7%-393.5K399.8K-21.3K5.3398.39N/AN/A6325001,870
2025-08-20$94.72$91.008.3%2.4%8.5%5.6%10.0%3.9%1.7%-360.3K-33.8K-20.4K11.0099.01N/AN/A3335051,903
2025-08-21$94.34$91.0010.1%2.9%8.6%10.0%8.5%5.7%0.9%-361.5K288.3K-21.9K0.0099.10N/AN/A1005061,936
2025-08-22$94.50$91.008.8%2.5%8.6%6.7%5.7%1.8%-1.5%-372.3K230.5K-22.3K3.63109.47N/AN/A8295071,936
2025-08-25$93.73$91.007.8%2.2%8.5%4.3%8.0%2.4%0.6%-435.4K573.3K-22.1K0.27103.67N/AN/A1135041,965
2025-08-26$93.65$91.009.1%2.6%8.5%7.6%13.0%5.7%0.6%-494.6K1.0M-22.5K0.00100.34N/AN/A0195051,965
2025-08-27$94.05$91.008.8%2.5%8.4%6.7%0.0%3.9%1.2%-406.8K414.1K-21.5K0.0094.63N/AN/A1305051,984
2025-08-28$94.00$91.008.2%2.3%8.3%5.3%9.0%2.9%1.7%-463.6K250.3K-21.0K0.0691.85N/AN/A3525171,984
2025-08-29$94.13$91.007.5%2.1%8.0%3.5%7.7%2.2%1.1%-415.0K271.8K-22.3K2.0890.14N/AN/A25525381,986