SRTS Options History — November 2021

In November 2021, SRTS traded between $4.02 and $6.21. ATM implied volatility averaged 103.9%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 29.4%. IV traded above realized volatility by 54.6% (HV 20d: 49.3%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.27.

Notable Days

2021-11-16: Highest Volume — 690 contracts
2021-11-09: Largest IV spike — 37.7% change
2021-11-03: Highest IV Rank — 36.7%
2021-11-03: Largest Expected Move — 43.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.09	$4.02	$6.21	$4.07	$6.09
Max Pain	$4.52	$2.50	$5.00	$5.00	$5.00
ATM IV	103.9%	75.7%	152.6%	80.7%	124.5%
Expected Move	29.4%	21.7%	43.7%	23.1%	35.7%
HV 20d	49.3%	21.1%	74.9%	26.0%	74.9%
HV 60d	46.9%	41.0%	54.3%	42.5%	54.3%
IV Rank	18.1%	7.4%	36.7%	9.3%	26.0%
IV Percentile	39.8%	12.5%	81.4%	16.1%	64.4%
Term Structure	-6.5%	-67.7%	54.3%	27.8%	1.7%
VWIV	105.1%	67.9%	165.6%	67.9%	158.3%
Bid-Ask Spread %	64.09	21.57	112.89	112.89	46.46
Gamma HHI	0.77	0.49	0.98	0.64	0.49
Net GEX	5.4K	420	13.2K	716	2.7K
Net DEX	-306.2K	-618.2K	-56.0K	-59.2K	-315.0K
Net VEX	-370	-536	-121	-135	-479
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.00	1.14	0.00	0.20
Total Volume	223.333	30	690	30	104
Total OI	980.714	247	1,489	247	793

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-11-01	$4.07	$5.00	80.7%	23.1%	26.0%	9.3%	67.9%	0.0%	27.8%	716	-59.2K	-135	0.00	112.89	N/A	N/A	30	0	247	0
2021-11-02	$4.02	$5.00	111.0%	31.8%	25.3%	20.8%	117.2%	0.0%	-10.5%	420	-56.0K	-124	0.00	104.32	N/A	N/A	30	0	247	0
2021-11-03	$4.08	$5.00	152.6%	43.7%	25.2%	36.7%	165.6%	0.0%	-45.7%	439	-56.5K	-121	0.00	62.83	N/A	N/A	311	0	247	0
2021-11-04	$4.11	$5.00	133.7%	31.6%	21.1%	29.5%	105.9%	0.0%	-18.5%	2.6K	-114.2K	-235	0.00	85.47	N/A	N/A	326	0	580	0
2021-11-05	$4.15	$2.50	121.5%	30.9%	21.1%	24.8%	108.0%	0.0%	-22.3%	4.5K	-137.2K	-310	0.02	60.15	N/A	N/A	411	8	878	0
2021-11-08	$4.11	$2.50	85.5%	28.3%	21.1%	11.2%	96.6%	0.0%	-0.9%	1.2K	-79.4K	-197	0.03	21.57	N/A	N/A	254	8	1,260	8
2021-11-09	$4.62	$2.50	117.8%	32.5%	44.9%	23.5%	151.8%	0.0%	-67.7%	9.7K	-346.0K	-474	0.27	111.08	N/A	N/A	149	40	1,261	8
2021-11-10	$4.84	$2.50	105.8%	30.3%	46.5%	18.9%	105.8%	0.0%	-25.0%	11.7K	-346.9K	-535	0.76	62.01	N/A	N/A	117	89	1,357	56
2021-11-11	$4.72	$5.00	102.3%	29.3%	48.0%	17.5%	102.3%	0.0%	-6.9%	11.2K	-297.5K	-534	1.14	26.20	N/A	N/A	78	89	1,382	97
2021-11-12	$4.98	$5.00	95.7%	27.4%	50.1%	15.0%	95.7%	0.0%	-6.0%	13.2K	-370.0K	-536	0.96	58.41	N/A	N/A	93	89	1,386	97
2021-11-15	$5.00	$5.00	102.0%	29.2%	50.1%	17.4%	102.0%	0.0%	-10.2%	13.0K	-382.9K	-482	0.89	24.76	N/A	N/A	93	83	1,390	97
2021-11-16	$5.58	$5.00	95.9%	27.5%	61.1%	15.1%	95.9%	0.0%	-4.3%	11.7K	-614.7K	-409	0.16	59.25	N/A	N/A	594	96	1,390	99
2021-11-17	$5.49	$5.00	92.5%	26.5%	61.5%	13.8%	79.2%	0.0%	16.9%	10.3K	-572.2K	-370	0.09	60.66	N/A	N/A	593	54	1,241	102
2021-11-18	$5.54	$5.00	103.2%	29.6%	61.0%	17.9%	104.0%	0.0%	-10.3%	2.3K	-606.0K	-361	0.65	66.10	N/A	N/A	83	54	1,261	107
2021-11-19	$5.54	$5.00	88.9%	25.5%	61.2%	12.5%	88.2%	0.0%	-3.9%	2.5K	-618.2K	-352	0.34	49.59	N/A	N/A	152	51	1,270	107
2021-11-22	$5.99	$5.00	82.1%	23.5%	64.7%	9.9%	82.4%	0.0%	35.9%	2.2K	-262.1K	-327	0.02	48.98	N/A	N/A	169	3	562	50
2021-11-23	$5.86	$5.00	98.2%	28.2%	65.9%	16.0%	97.3%	0.0%	-2.7%	2.9K	-274.0K	-417	0.02	73.16	N/A	N/A	165	3	663	50
2021-11-24	$6.20	$5.00	75.7%	21.7%	65.4%	7.4%	90.2%	0.0%	54.3%	2.8K	-314.3K	-443	0.04	69.47	N/A	N/A	76	3	687	50
2021-11-26	$6.21	$5.00	93.5%	26.8%	65.8%	14.2%	77.4%	0.0%	29.2%	3.1K	-323.8K	-490	0.06	75.17	N/A	N/A	80	5	731	50
2021-11-29	$5.77	$5.00	117.7%	33.8%	73.9%	23.4%	114.3%	0.0%	-67.1%	3.3K	-283.6K	-447	0.07	67.33	N/A	N/A	100	7	731	53
2021-11-30	$6.09	$5.00	124.5%	35.7%	74.9%	26.0%	158.3%	0.0%	1.7%	2.7K	-315.0K	-479	0.20	46.46	N/A	N/A	87	17	738	55