SRTS Options History — February 2023

In February 2023, SRTS traded between $6.85 and $9.04. ATM implied volatility averaged 68.4%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded below realized volatility by 9.9% (HV 20d: 78.3%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.56.

Notable Days

2023-02-09: Highest Volume — 613 contracts
2023-02-03: Largest IV spike — 38.6% change
2023-02-03: Highest IV Rank — 47.0%
2023-02-03: Largest Expected Move — 25.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.75	$6.85	$9.04	$8.87	$6.88
Max Pain	$8.42	$7.50	$10.00	$7.50	$7.50
ATM IV	68.4%	46.5%	105.6%	70.0%	46.5%
Expected Move	19.5%	13.3%	25.3%	20.1%	13.3%
HV 20d	78.3%	42.2%	96.4%	63.6%	92.7%
HV 60d	71.6%	55.8%	153.9%	153.9%	70.6%
IV Rank	19.1%	2.7%	47.0%	20.3%	2.7%
IV Percentile	29.0%	0.8%	87.3%	29.4%	0.8%
Term Structure	0.2%	-64.9%	46.9%	-14.9%	24.7%
VWIV	68.0%	42.1%	106.6%	71.9%	52.9%
Skew 25d	18.2%	-11.2%	68.0%	9.6%	34.6%
Skew 10d	32.2%	-17.3%	94.1%	42.7%	25.3%
Call IV 25d	63.7%	42.6%	78.4%	70.8%	42.6%
Put IV 25d	81.9%	57.4%	134.3%	80.4%	77.2%
Bid-Ask Spread %	86.96	58.53	105.18	71.00	89.41
Gamma HHI	0.64	0.37	0.90	0.88	0.44
Net GEX	17.6K	1.8K	46.1K	36.3K	3.9K
Net DEX	-416.1K	-1.1M	3.5K	-913.7K	3.5K
Net VEX	-2.0K	-2.8K	-1.1K	-2.8K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.00	2.39	0.40	0.33
Total Volume	112.737	8	613	14	20
Total OI	3,275.263	2,051	4,334	3,192	2,175

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
2023-02-01	$8.87	$7.50	70.0%	20.1%	63.6%	20.3%	0.0%	9.6%	-14.9%	36.3K	-913.7K	-2.8K	0.40	71.00	N/A	N/A	10	4	2,964	228
2023-02-02	$9.00	$7.50	76.2%	22.9%	63.4%	25.0%	71.9%	-3.1%	-10.9%	40.8K	-937.3K	-2.8K	0.08	83.09	N/A	N/A	127	10	2,973	232
2023-02-03	$8.75	$7.50	105.6%	25.3%	64.8%	47.0%	72.6%	11.9%	-64.9%	38.0K	-837.0K	-2.6K	1.56	95.98	N/A	N/A	39	61	3,048	242
2023-02-06	$8.86	$7.50	73.0%	20.4%	50.8%	22.6%	42.1%	-0.8%	-15.4%	40.3K	-915.1K	-2.7K	0.00	90.80	N/A	N/A	37	0	3,073	288
2023-02-07	$9.04	$7.50	79.8%	24.5%	42.2%	27.6%	106.6%	16.2%	-35.8%	44.2K	-1.0M	-2.7K	0.10	94.76	N/A	N/A	198	20	3,101	288
2023-02-08	$8.84	$7.50	64.1%	18.4%	42.5%	15.9%	0.0%	-5.5%	0.9%	39.2K	-1.0M	-2.8K	0.02	100.53	N/A	N/A	64	1	3,313	308
2023-02-09	$8.86	$7.50	56.1%	16.1%	42.4%	9.9%	57.0%	19.1%	-0.1%	46.1K	-1.1M	-2.7K	0.44	94.56	N/A	N/A	426	187	3,328	309
2023-02-10	$6.95	$10.00	76.2%	21.8%	96.2%	24.9%	76.1%	-11.2%	-5.5%	1.8K	-31.5K	-1.3K	2.39	63.95	N/A	N/A	142	340	3,612	508
2023-02-13	$7.08	$10.00	73.3%	21.0%	96.4%	22.8%	73.0%	0.6%	6.1%	6.2K	-111.9K	-1.6K	0.13	58.53	N/A	N/A	64	8	3,685	560
2023-02-14	$7.38	$10.00	57.7%	16.6%	93.7%	11.1%	68.9%	9.4%	29.0%	3.0K	-198.9K	-1.9K	1.18	95.02	N/A	N/A	28	33	3,738	555
2023-02-15	$7.39	$10.00	73.6%	21.1%	92.6%	23.0%	73.6%	42.0%	-4.1%	3.7K	-159.2K	-1.7K	0.70	90.73	N/A	N/A	20	14	3,746	576
2023-02-16	$7.17	$10.00	71.1%	20.4%	92.9%	21.1%	73.8%	23.5%	8.4%	4.0K	-139.1K	-1.6K	0.07	94.21	N/A	N/A	15	1	3,752	582
2023-02-17	$7.32	$10.00	77.8%	22.3%	91.9%	26.2%	77.8%	17.7%	-7.1%	4.5K	-87.8K	-1.6K	0.65	71.71	N/A	N/A	34	22	3,743	582
2023-02-21	$7.04	$10.00	66.5%	19.1%	92.5%	17.7%	66.7%	-7.5%	46.9%	4.4K	-214.3K	-1.8K	0.42	85.97	N/A	N/A	88	37	1,555	496
2023-02-22	$6.96	$7.50	61.2%	17.5%	92.3%	13.7%	62.3%	38.7%	38.4%	5.0K	-128.8K	-1.6K	0.00	93.15	N/A	N/A	8	0	1,629	533
2023-02-23	$6.97	$7.50	56.2%	16.1%	92.4%	10.0%	63.4%	68.0%	-4.4%	3.7K	-37.7K	-1.2K	0.00	89.04	N/A	N/A	10	0	1,630	533
2023-02-24	$6.85	$7.50	50.6%	14.5%	92.1%	5.8%	57.0%	41.8%	19.7%	4.6K	-55.9K	-1.3K	0.40	84.71	N/A	N/A	15	6	1,637	533
2023-02-27	$6.98	$7.50	64.1%	18.4%	92.8%	15.9%	61.0%	40.7%	-7.9%	4.3K	-59.5K	-1.2K	1.79	105.18	N/A	N/A	19	34	1,637	538
2023-02-28	$6.88	$7.50	46.5%	13.3%	92.7%	2.7%	52.9%	34.6%	24.7%	3.9K	3.5K	-1.1K	0.33	89.41	N/A	N/A	15	5	1,635	540