SRTS Options History — May 2022

In May 2022, SRTS traded between $7.07 and $9.21. ATM implied volatility averaged 109.6%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 29.3%. IV traded above realized volatility by 30.9% (HV 20d: 78.8%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2022-05-06: Highest Volume — 634 contracts
  • 2022-05-31: Largest IV spike — 91.1% change
  • 2022-05-05: Highest IV Rank — 45.7%
  • 2022-05-03: Largest Expected Move — 42.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.32$7.07$9.21$7.28$8.66
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV109.6%70.4%176.3%131.9%134.6%
Expected Move29.3%20.2%42.6%37.8%38.6%
HV 20d78.8%65.4%105.6%105.6%71.0%
HV 60d91.7%86.9%95.7%93.7%86.9%
IV Rank20.3%5.4%45.7%28.8%29.9%
IV Percentile51.3%5.2%92.9%79.0%83.7%
Term Structure-14.1%-104.0%41.7%-45.2%-40.4%
VWIV108.3%81.1%160.1%152.0%86.0%
Skew 25d3.7%-23.2%75.9%2.0%75.9%
Skew 10d20.1%-31.4%104.8%-17.7%33.7%
Call IV 25d107.6%67.9%160.2%150.1%67.9%
Put IV 25d111.3%82.1%153.7%152.1%143.8%
Bid-Ask Spread %74.6850.93104.5760.8688.83
Gamma HHI0.570.490.680.570.57
Net GEX22.8K13.0K44.5K18.0K22.0K
Net DEX-886.9K-1.3M-682.6K-731.3K-764.6K
Net VEX-3.7K-4.2K-3.0K-4.0K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.141.950.210.55
Total Volume375.476240634335269
Total OI4,449.193,2385,2874,4263,456

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$7.28$7.50131.9%37.8%105.6%28.8%152.0%2.0%-45.2%18.0K-731.3K-4.0K0.2160.86N/AN/A277583,860566
2022-05-03$7.60$7.50148.6%42.6%104.6%35.2%160.1%-6.5%-48.5%19.8K-781.5K-4.0K0.1650.93N/AN/A359563,883567
2022-05-04$7.52$7.50125.5%36.0%104.6%26.4%153.6%-23.2%-104.0%20.3K-792.9K-3.8K0.1464.67N/AN/A411563,936574
2022-05-05$7.07$7.50176.3%31.5%73.8%45.7%129.4%-7.3%-13.5%17.3K-682.6K-3.7K0.1453.50N/AN/A394564,067574
2022-05-06$7.66$7.50124.4%30.9%75.2%25.9%111.0%-11.1%-33.9%23.3K-783.1K-3.8K0.1972.78N/AN/A5321024,148574
2022-05-09$7.54$7.50142.2%27.5%75.1%32.7%94.6%-10.5%7.9%22.7K-808.2K-3.8K0.7180.73N/AN/A2501774,351549
2022-05-10$7.70$7.50133.9%30.6%71.9%29.6%111.4%-14.9%-32.5%24.0K-768.6K-3.8K0.6869.90N/AN/A2601774,355629
2022-05-11$8.15$7.50111.2%31.9%74.8%20.9%112.5%10.9%-26.4%13.0K-736.1K-3.3K1.0272.41N/AN/A1781824,330629
2022-05-12$8.42$7.5083.6%24.0%75.7%10.4%99.5%2.9%23.4%35.8K-1.2M-4.1K0.9085.32N/AN/A2051854,361592
2022-05-13$8.96$7.50101.3%29.0%79.1%17.1%107.4%13.4%-8.8%44.5K-1.3M-4.2K0.6563.87N/AN/A2391564,386592
2022-05-16$8.56$7.50112.0%32.1%80.6%21.2%113.6%7.9%-2.3%38.9K-1.2M-4.1K1.9360.76N/AN/A1122164,383622
2022-05-17$9.21$7.5072.0%20.6%84.8%6.0%119.1%32.8%24.1%17.9K-995.6K-3.4K0.6595.43N/AN/A2681734,379672
2022-05-18$8.85$7.5093.0%26.7%86.0%14.0%98.8%2.2%-17.7%20.0K-1.0M-3.7K0.7877.01N/AN/A2962304,547681
2022-05-19$8.87$7.5099.3%28.5%82.6%16.4%82.1%-11.8%-11.5%19.0K-1.0M-3.7K1.95104.57N/AN/A1182304,544740
2022-05-20$8.69$7.5078.1%22.4%65.4%8.3%90.5%5.2%41.7%17.9K-913.3K-3.6K0.9875.12N/AN/A1751714,547740
2022-05-23$8.98$7.50105.4%30.2%65.9%18.7%96.9%0.4%-11.2%20.8K-920.4K-3.6K0.8063.34N/AN/A1521212,692546
2022-05-24$8.40$7.5086.2%24.7%69.1%11.4%91.9%-5.4%15.0%17.6K-727.3K-3.2K0.9883.57N/AN/A1341312,731552
2022-05-25$8.74$7.5092.4%26.5%69.9%13.8%90.6%7.8%-12.6%19.9K-803.0K-3.3K0.5197.95N/AN/A183932,744563
2022-05-26$8.95$7.5080.5%23.1%70.0%9.2%81.1%3.3%-0.3%22.7K-875.4K-3.4K0.6370.95N/AN/A147932,805566
2022-05-27$8.98$7.5070.4%20.2%69.1%5.4%91.2%2.9%0.1%23.3K-844.2K-3.3K0.5575.85N/AN/A170932,834566
2022-05-31$8.66$7.50134.6%38.6%71.0%29.9%86.0%75.9%-40.4%22.0K-764.6K-3.0K0.5588.83N/AN/A173962,890566