USMV Options History — March 2026

In March 2026, USMV traded between $91.09 and $97.81. ATM implied volatility averaged 16.1%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 7.6% (HV 20d: 8.5%). Max pain ranged from $93.00 to $96.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 9.57.

Notable Days

  • 2026-03-11: Highest Volume — 697 contracts
  • 2026-03-24: Largest IV spike — 29.0% change
  • 2026-03-24: Highest IV Rank — 37.4%
  • 2026-03-19: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.55$91.09$97.81$97.81$92.62
Max Pain$94.86$93.00$96.00$94.00$95.00
ATM IV16.1%10.8%20.9%10.8%18.5%
Expected Move4.6%3.1%6.4%3.1%5.3%
HV 20d8.5%6.5%11.3%6.8%11.3%
HV 60d7.9%7.1%9.1%7.1%9.1%
IV Rank25.4%12.1%37.4%12.1%31.4%
IV Percentile83.0%45.6%95.6%45.6%91.7%
Term Structure-1.0%-6.1%3.2%-0.9%-4.5%
VWIV16.3%13.4%22.9%13.4%19.3%
Skew 25d6.7%-0.1%11.6%5.1%-0.1%
Skew 10d4.8%0.7%12.2%1.7%1.9%
Call IV 25d10.8%7.7%17.3%9.2%17.3%
Put IV 25d17.5%12.2%21.2%14.3%17.2%
Bid-Ask Spread %80.8150.71128.92107.3567.47
Gamma HHI0.240.150.430.220.41
Net GEX-424.8K-1.5M-96.5K-136.6K-311.2K
Net DEX2.6M-1.6M6.6M-1.6M2.6M
Net VEX-21.1K-27.7K-16.4K-16.6K-16.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.570.00138.404.500.55
Total Volume45.86406972231
Total OI1,961.51,0892,4822,1451,089

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$97.81$94.0010.8%3.1%6.8%12.1%13.4%5.1%-0.9%-136.6K-1.6M-16.6K4.50107.35N/AN/A4184531,692
2026-03-03$97.28$94.0013.7%3.9%7.0%19.3%15.0%6.0%-0.4%-215.5K-891.2K-17.8K0.13114.21N/AN/A814521,682
2026-03-04$97.57$94.0013.6%3.9%6.7%19.1%13.5%1.8%-1.8%-96.5K-1.3M-16.9K0.67107.49N/AN/A644531,683
2026-03-05$96.80$93.0014.5%4.2%7.4%21.5%0.0%7.4%-1.0%-184.0K-834.0K-17.5K0.00101.40N/AN/A204541,683
2026-03-06$96.68$93.0012.8%3.9%7.3%17.2%0.0%3.9%-1.6%-258.3K-852.4K-16.6K0.00104.31N/AN/A104541,683
2026-03-09$96.70$93.0015.8%4.5%6.5%24.7%0.0%10.3%-1.6%-171.7K-513.5K-18.0K0.00128.92N/AN/A044541,683
2026-03-10$96.09$93.0015.1%4.7%6.9%22.9%16.1%4.3%-4.5%-254.1K13.6K-18.6K0.00112.19N/AN/A064531,685
2026-03-11$95.44$95.0015.8%4.5%7.3%24.7%13.6%11.2%-1.7%-262.7K511.0K-19.0K138.40104.39N/AN/A56924531,691
2026-03-12$95.16$95.0017.1%4.4%7.4%27.8%15.4%11.6%-0.7%-492.0K3.4M-27.7K0.4067.10N/AN/A524532,021
2026-03-13$94.93$96.0017.1%0.0%7.2%27.9%0.0%6.9%1.3%-451.7K2.9M-27.0K0.0059.88N/AN/A004542,028
2026-03-16$95.55$96.0012.6%3.7%7.5%16.6%0.0%7.6%3.2%-361.7K2.4M-24.2K0.0061.05N/AN/A11004542,028
2026-03-17$95.16$96.0014.6%4.4%7.6%21.6%19.4%5.6%0.6%-599.4K4.0M-25.2K0.0056.06N/AN/A0182732,028
2026-03-18$93.63$96.0015.4%4.3%9.4%23.7%14.3%10.2%1.3%-770.3K5.4M-25.1K0.2567.31N/AN/A1232732,027
2026-03-19$93.35$96.0018.2%6.4%9.4%30.7%19.1%7.2%-6.1%-912.7K6.0M-24.1K0.6084.50N/AN/A532742,025
2026-03-20$92.27$96.0017.7%4.9%10.0%29.4%15.4%9.4%1.6%-1.5M6.6M-23.1K1.5062.69N/AN/A692771,986
2026-03-23$93.04$96.0016.2%4.7%10.6%25.7%0.0%5.3%0.4%-401.4K4.7M-21.8K0.0066.76N/AN/A201361,246
2026-03-24$92.40$96.0020.9%5.9%10.4%37.4%15.8%5.9%-2.0%-402.2K4.9M-22.5K1.0060.02N/AN/A771371,246
2026-03-25$92.60$95.0017.7%4.1%10.5%29.4%0.0%8.7%0.9%-385.4K4.7M-22.0K4.0071.63N/AN/A4161441,247
2026-03-26$92.25$95.0019.3%5.5%10.2%33.4%13.4%6.1%-0.6%-389.7K4.9M-22.1K0.6757.79N/AN/A321451,249
2026-03-27$91.09$95.0019.0%5.4%9.8%32.7%18.4%10.1%-0.1%-395.8K5.1M-21.8K10.0050.71N/AN/A1101471,251
2026-03-30$91.60$95.0017.8%5.1%10.2%29.7%22.9%3.0%-4.3%-394.7K5.4M-19.8K0.0064.71N/AN/A021481,259
2026-03-31$92.62$95.0018.5%5.3%11.3%31.4%19.3%-0.1%-4.5%-311.2K2.6M-16.4K0.5567.47N/AN/A2011148941