SRTS Options History — February 2022

In February 2022, SRTS traded between $7.68 and $10.67. ATM implied volatility averaged 94.2%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 17.7% (HV 20d: 76.5%). Max pain ranged from $2.50 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.55.

Notable Days

2022-02-15: Highest Volume — 1,468 contracts
2022-02-09: Largest IV drop — 26.0% change
2022-02-08: Highest IV Rank — 21.7%
2022-02-14: Largest Expected Move — 32.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.16	$7.68	$10.67	$8.28	$10.55
Max Pain	$4.61	$2.50	$7.50	$7.50	$2.50
ATM IV	94.2%	80.9%	113.1%	90.6%	80.9%
Expected Move	26.0%	21.0%	32.3%	26.0%	23.2%
HV 20d	76.5%	58.8%	86.3%	82.6%	82.9%
HV 60d	100.3%	96.5%	102.6%	100.9%	99.3%
IV Rank	14.4%	9.4%	21.7%	13.1%	9.4%
IV Percentile	30.4%	11.6%	57.3%	22.8%	11.6%
Term Structure	-3.5%	-24.4%	26.9%	7.7%	15.5%
VWIV	89.2%	75.6%	108.7%	80.7%	84.0%
Skew 25d	-1.1%	-22.5%	57.6%	18.5%	57.6%
Skew 10d	11.6%	-43.9%	129.3%	44.7%	129.3%
Call IV 25d	91.5%	78.8%	103.2%	79.2%	85.7%
Put IV 25d	90.5%	70.7%	143.3%	97.7%	143.3%
Bid-Ask Spread %	85.96	65.99	101.19	91.33	101.19
Gamma HHI	0.47	0.36	0.80	0.45	0.37
Net GEX	19.9K	10.5K	40.8K	10.5K	27.4K
Net DEX	-1.4M	-2.5M	-629.1K	-783.3K	-2.1M
Net VEX	-3.1K	-4.9K	-1.9K	-2.2K	-4.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.09	2.48	0.81	0.13
Total Volume	619.947	230	1,468	377	555
Total OI	2,831.474	2,128	3,885	2,128	3,367

Daily Data (19 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
2022-02-01	$8.28	$7.50	90.6%	26.0%	82.6%	13.1%	80.7%	18.5%	7.7%	10.5K	-783.3K	-2.2K	0.81	91.33	N/A	N/A	208	169	1,722	406
2022-02-02	$8.35	$7.50	94.4%	27.1%	78.7%	14.5%	97.5%	4.4%	-9.3%	12.2K	-809.4K	-2.3K	1.47	92.04	N/A	N/A	115	169	1,831	416
2022-02-03	$8.24	$5.00	84.0%	26.0%	78.1%	10.6%	90.3%	-4.5%	-0.6%	12.2K	-797.8K	-2.3K	2.02	86.43	N/A	N/A	82	166	1,861	416
2022-02-04	$8.29	$5.00	89.7%	22.9%	72.2%	12.7%	79.9%	-13.2%	26.9%	12.6K	-815.5K	-2.2K	2.48	84.83	N/A	N/A	66	164	1,865	423
2022-02-07	$7.82	$5.00	112.4%	21.0%	73.7%	21.4%	75.6%	-22.5%	23.0%	11.3K	-657.8K	-2.0K	0.58	90.30	N/A	N/A	281	164	1,869	429
2022-02-08	$7.68	$5.00	113.1%	26.1%	69.4%	21.7%	91.9%	-16.9%	0.3%	12.3K	-629.1K	-2.0K	0.29	71.42	N/A	N/A	563	164	2,025	429
2022-02-09	$7.76	$5.00	83.7%	24.0%	62.3%	10.5%	85.9%	-14.1%	-2.9%	12.4K	-630.9K	-1.9K	0.37	70.14	N/A	N/A	448	165	1,946	430
2022-02-10	$7.87	$5.00	89.2%	25.6%	58.8%	12.5%	92.8%	-13.7%	-1.3%	13.1K	-655.6K	-1.9K	0.46	76.43	N/A	N/A	380	173	2,039	432
2022-02-11	$8.14	$5.00	92.4%	26.5%	60.3%	13.8%	93.0%	-12.2%	-15.2%	15.1K	-758.9K	-2.0K	0.32	65.99	N/A	N/A	536	171	2,076	433
2022-02-14	$9.00	$5.00	112.7%	32.3%	70.6%	21.5%	108.7%	-18.7%	-19.3%	10.8K	-1.1M	-1.9K	0.21	87.31	N/A	N/A	615	129	2,308	436
2022-02-15	$10.48	$5.00	84.0%	24.1%	86.3%	10.6%	82.7%	7.9%	-17.3%	34.8K	-2.1M	-2.8K	0.14	80.27	N/A	N/A	1,287	181	2,648	441
2022-02-16	$10.44	$5.00	92.2%	26.4%	86.1%	13.7%	86.1%	4.9%	-0.8%	35.0K	-2.2M	-3.8K	0.25	86.38	N/A	N/A	762	187	3,045	500
2022-02-17	$10.21	$2.50	84.8%	24.3%	84.6%	10.9%	83.4%	-8.5%	6.0%	40.8K	-2.2M	-4.3K	0.26	77.39	N/A	N/A	741	189	3,233	497
2022-02-18	$10.50	$2.50	96.6%	27.7%	81.5%	15.4%	95.1%	5.2%	-23.1%	23.6K	-2.5M	-4.7K	0.17	89.85	N/A	N/A	1,020	171	3,385	500
2022-02-22	$10.24	$2.50	106.7%	30.6%	78.6%	19.2%	93.5%	21.3%	-8.6%	22.1K	-1.9M	-4.6K	0.09	95.29	N/A	N/A	505	46	2,900	153
2022-02-23	$9.67	$2.50	99.7%	28.6%	82.3%	16.6%	83.7%	0.8%	-13.9%	23.5K	-1.7M	-4.4K	0.09	94.37	N/A	N/A	497	43	2,936	159
2022-02-24	$9.87	$7.50	91.5%	26.2%	81.7%	13.4%	82.0%	-7.4%	-9.3%	23.4K	-1.7M	-4.3K	0.17	100.13	N/A	N/A	241	42	2,906	159
2022-02-25	$10.67	$2.50	90.6%	26.0%	82.3%	13.1%	107.3%	-9.3%	-24.4%	24.4K	-2.2M	-4.6K	0.12	92.06	N/A	N/A	342	42	3,011	166
2022-02-28	$10.55	$2.50	80.9%	23.2%	82.9%	9.4%	84.0%	57.6%	15.5%	27.4K	-2.1M	-4.9K	0.13	101.19	N/A	N/A	492	63	3,201	166