SRTS Options History — January 2023

In January 2023, SRTS traded between $7.01 and $9.44. ATM implied volatility averaged 62.2%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 0.3% (HV 20d: 61.9%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.90.

Notable Days

  • 2023-01-24: Highest Volume — 1,241 contracts
  • 2023-01-11: Largest IV spike — 63.8% change
  • 2023-01-12: Highest IV Rank — 28.7%
  • 2023-01-12: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.64$7.01$9.44$7.01$9.05
Max Pain$7.25$5.00$7.50$5.00$7.50
ATM IV62.2%42.9%81.2%60.5%53.2%
Expected Move18.5%15.1%23.3%17.3%15.2%
HV 20d61.9%44.5%68.8%46.7%67.4%
HV 60d155.3%153.7%156.9%153.7%154.0%
IV Rank14.3%0.0%28.7%12.6%7.7%
IV Percentile15.2%0.0%48.0%9.9%2.8%
Term Structure6.9%-8.0%42.8%12.3%14.6%
VWIV68.7%51.1%91.6%61.1%51.1%
Skew 25d13.2%-14.5%37.8%6.5%4.8%
Skew 10d38.3%-28.7%107.7%11.7%5.1%
Call IV 25d61.5%50.3%74.2%58.4%51.1%
Put IV 25d74.6%55.9%89.7%64.8%55.9%
Bid-Ask Spread %77.9939.5498.3883.3698.38
Gamma HHI0.690.420.920.480.92
Net GEX27.1K11.6K71.5K14.6K52.3K
Net DEX-1.3M-2.3M-608.3K-834.0K-944.5K
Net VEX-2.3K-3.0K-2.0K-2.0K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.008.500.000.00
Total Volume138.0531,24110191
Total OI4,723.251,6656,5545,1523,038

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$7.01$5.0060.5%17.3%46.7%12.6%61.1%6.5%12.3%14.6K-834.0K-2.0K0.0083.36N/AN/A1004,588564
2023-01-04$7.19$5.0068.7%19.7%47.4%18.9%68.8%9.8%-8.0%15.4K-933.8K-2.1K0.0075.34N/AN/A404,585564
2023-01-05$7.32$7.5061.1%21.9%44.5%13.1%76.4%-14.5%-4.4%16.5K-959.3K-2.1K0.0062.09N/AN/A5104,584564
2023-01-06$8.23$7.5053.6%18.4%59.0%7.4%66.4%-1.1%9.9%19.4K-1.4M-2.3K0.0839.54N/AN/A223174,567564
2023-01-09$8.93$7.5075.8%19.9%61.9%24.2%71.4%21.0%2.0%22.1K-1.8M-2.1K0.0074.11N/AN/A22604,558579
2023-01-10$8.77$7.5042.9%19.3%60.7%0.0%73.7%25.9%2.1%12.8K-1.7M-2.0K0.4459.57N/AN/A45204,649579
2023-01-11$8.84$7.5070.2%20.1%59.4%20.5%71.3%12.8%2.6%36.8K-1.8M-2.4K0.4681.45N/AN/A82385,799590
2023-01-12$8.70$7.5081.2%23.3%60.7%28.7%71.7%14.3%-7.2%22.5K-1.7M-2.2K0.0665.42N/AN/A3325,869579
2023-01-13$8.80$7.5065.8%18.9%58.9%17.2%71.5%7.0%-1.7%28.0K-1.7M-2.2K8.5069.32N/AN/A4345,868581
2023-01-17$9.44$7.5065.3%18.7%61.9%16.8%65.6%4.4%4.1%71.5K-2.3M-2.6K0.0187.91N/AN/A13425,864608
2023-01-18$8.96$7.5070.1%20.1%66.3%20.4%72.7%11.1%-3.8%12.2K-1.8M-2.0K0.1482.53N/AN/A104155,927611
2023-01-19$8.78$7.5057.7%16.5%67.1%11.1%68.5%10.3%18.4%11.6K-1.7M-2.1K0.0076.48N/AN/A1605,935619
2023-01-20$9.11$7.5053.6%15.4%67.4%8.1%57.1%22.5%16.3%13.9K-1.8M-2.1K0.0092.08N/AN/A5705,931619
2023-01-23$9.06$7.5074.1%21.3%67.6%23.4%75.1%16.7%2.9%13.5K-608.3K-2.0K0.0088.03N/AN/A8301,516149
2023-01-24$9.07$7.5070.7%20.3%67.4%20.9%71.0%12.1%5.2%14.0K-623.8K-2.1K0.0182.17N/AN/A1,23471,539149
2023-01-25$8.86$7.5052.8%15.1%68.6%7.4%69.2%29.2%42.8%43.8K-929.0K-3.0K2.0079.61N/AN/A122,773149
2023-01-26$8.93$7.5054.6%15.7%68.5%8.8%52.3%27.2%17.0%44.2K-932.7K-2.9K0.0098.22N/AN/A702,773151
2023-01-27$8.84$7.5056.1%16.1%68.8%9.9%67.3%5.5%-2.8%35.5K-846.7K-2.8K0.1066.82N/AN/A3032,777151
2023-01-30$8.84$7.5055.8%16.0%67.7%9.7%91.6%37.8%15.7%41.3K-847.2K-2.6K6.1797.32N/AN/A12742,801154
2023-01-31$9.05$7.5053.2%15.2%67.4%7.7%51.1%4.8%14.6%52.3K-944.5K-2.7K0.0098.38N/AN/A19102,810228