SRTS Options History — April 2022

In April 2022, SRTS traded between $7.09 and $11.36. ATM implied volatility averaged 102.7%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 29.0%. IV traded below realized volatility by 4.3% (HV 20d: 107.0%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.19.

Notable Days

  • 2022-04-04: Highest Volume — 1,547 contracts
  • 2022-04-12: Largest IV spike — 73.6% change
  • 2022-04-12: Highest IV Rank — 33.4%
  • 2022-04-26: Largest Expected Move — 39.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.74$7.09$11.36$10.75$7.13
Max Pain$9.38$7.50$10.00$10.00$7.50
ATM IV102.7%59.8%144.0%59.8%136.1%
Expected Move29.0%18.6%39.9%25.0%39.0%
HV 20d107.0%76.6%117.3%76.6%107.6%
HV 60d91.2%81.1%95.5%82.2%93.6%
IV Rank17.7%1.4%33.4%1.4%30.4%
IV Percentile44.8%1.6%86.9%1.6%83.7%
Term Structure-12.3%-75.4%36.4%36.4%-56.6%
VWIV110.6%70.2%159.4%88.6%158.0%
Skew 25d-5.7%-42.4%33.1%-10.6%-16.3%
Skew 10d6.6%-73.0%62.5%-15.3%-33.4%
Call IV 25d111.7%79.9%162.6%79.9%157.9%
Put IV 25d106.0%69.3%141.6%69.3%141.6%
Bid-Ask Spread %63.6423.4482.7677.6457.92
Gamma HHI0.510.420.710.590.56
Net GEX31.4K15.2K66.5K61.8K15.7K
Net DEX-1.8M-4.2M-623.4K-3.8M-650.1K
Net VEX-5.3K-7.7K-3.8K-7.7K-3.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.000.510.070.14
Total Volume557.4591,547938468
Total OI4,892.43,4586,1385,6884,345

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$10.75$10.0059.8%25.0%76.6%1.4%88.6%-10.6%36.4%61.8K-3.8M-7.7K0.0777.64N/AN/A874645,440248
2022-04-04$11.36$10.0088.7%21.7%77.9%12.4%85.4%-8.6%-2.5%59.1K-4.2M-7.1K0.0482.76N/AN/A1,485625,237260
2022-04-05$11.06$10.0085.7%20.5%78.3%11.2%70.2%2.2%22.2%65.7K-4.1M-7.2K0.1057.15N/AN/A573595,478273
2022-04-06$8.84$10.0098.1%28.8%111.3%16.0%94.2%-20.2%-5.6%50.0K-2.0M-6.1K0.2879.35N/AN/A6051715,441275
2022-04-07$9.49$10.0086.8%27.6%114.6%11.6%102.8%-20.0%-1.7%66.5K-2.9M-6.7K0.1960.50N/AN/A332645,638392
2022-04-08$9.28$10.00107.5%27.1%114.8%19.5%97.7%-6.2%-5.3%53.0K-2.6M-6.4K0.2751.58N/AN/A235645,704399
2022-04-11$8.62$10.0083.0%30.3%117.3%10.2%102.5%-12.7%-54.1%18.9K-1.8M-5.2K0.2167.96N/AN/A236505,699399
2022-04-12$8.79$10.00144.0%25.8%116.8%33.4%122.4%33.1%-3.1%19.8K-1.9M-5.4K0.3868.39N/AN/A177685,695409
2022-04-13$8.90$10.0065.0%18.6%112.0%3.3%73.5%9.8%19.1%22.6K-1.8M-5.3K0.2269.83N/AN/A294655,684417
2022-04-14$8.82$10.0082.9%23.8%111.6%10.1%86.3%12.0%16.9%22.4K-1.8M-5.1K0.3866.95N/AN/A175675,722416
2022-04-18$8.95$10.0087.0%24.9%110.3%11.7%86.5%-2.0%0.5%21.7K-1.3M-5.3K0.1568.73N/AN/A249373,291175
2022-04-19$9.08$10.0086.9%24.9%110.6%11.7%87.0%6.8%4.7%23.9K-1.4M-5.4K0.1066.73N/AN/A355373,394179
2022-04-20$9.02$10.0094.0%26.9%110.4%14.4%104.9%26.1%2.0%23.7K-1.3M-5.2K0.1372.83N/AN/A328423,278180
2022-04-21$8.45$10.0092.2%26.4%112.1%13.7%105.7%-3.7%7.5%21.2K-1.1M-4.8K0.0871.46N/AN/A537423,313185
2022-04-22$7.38$10.00124.0%35.6%116.0%25.8%139.8%-12.6%-47.0%16.6K-930.0K-4.0K0.1058.16N/AN/A1,2961363,315186
2022-04-25$7.39$7.50132.7%38.1%116.3%29.1%143.5%-4.9%-48.7%18.9K-887.4K-4.3K0.5123.44N/AN/A5602843,886285
2022-04-26$7.09$7.50139.3%39.9%109.5%31.6%159.4%-23.6%-41.1%15.4K-694.7K-4.0K0.1945.09N/AN/A480933,676511
2022-04-27$7.12$7.50121.2%34.8%107.3%24.8%147.6%-42.4%-13.5%15.2K-623.4K-3.8K0.0071.89N/AN/A5903,624558
2022-04-28$7.28$7.50138.2%39.6%108.1%31.2%155.2%-20.2%-75.4%16.0K-728.1K-3.9K0.1954.45N/AN/A357683,683558
2022-04-29$7.13$7.50136.1%39.0%107.6%30.4%158.0%-16.3%-56.6%15.7K-650.1K-3.9K0.1457.92N/AN/A410583,776569