SRTS Options History — March 2023

In March 2023, SRTS traded between $4.96 and $6.83. ATM implied volatility averaged 67.1%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 3.4% (HV 20d: 63.8%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 1.95.

Notable Days

  • 2023-03-10: Highest Volume — 466 contracts
  • 2023-03-02: Largest IV spike — 107.3% change
  • 2023-03-14: Highest IV Rank — 58.0%
  • 2023-03-02: Largest Expected Move — 29.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.42$4.96$6.83$6.83$5.20
Max Pain$5.87$5.00$7.50$7.50$5.00
ATM IV67.1%49.6%120.2%49.6%54.8%
Expected Move17.7%10.9%29.5%14.2%15.7%
HV 20d63.8%41.4%96.0%91.7%42.8%
HV 60d73.3%70.6%74.3%70.6%72.2%
IV Rank18.2%5.0%58.0%5.0%9.0%
IV Percentile27.9%1.6%92.1%1.6%6.0%
Term Structure16.0%-55.7%87.6%21.7%18.7%
VWIV74.7%43.3%278.9%48.7%54.0%
Skew 25d28.4%-8.3%144.1%144.1%17.6%
Skew 10d63.5%0.8%194.9%194.9%71.5%
Call IV 25d63.9%46.4%110.8%67.6%76.5%
Put IV 25d92.3%53.8%211.7%211.7%94.1%
Bid-Ask Spread %79.8258.80101.8299.3780.27
Gamma HHI0.410.320.500.410.43
Net GEX1.7K5084.2K4.2K2.1K
Net DEX15.1K-67.5K98.7K-32.1K-59.9K
Net VEX-842-1.1K-661-1.1K-810
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.950.0016.000.3812.50
Total Volume58.08714661854
Total OI2,340.6522,1052,6572,1342,335

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$6.83$7.5049.6%14.2%91.7%5.0%48.7%144.1%21.7%4.2K-32.1K-1.1K0.3899.37N/AN/A1351,648486
2023-03-02$6.22$7.50102.8%29.5%96.0%44.9%100.1%6.0%-55.7%2.7K9.6K-9581.7495.78N/AN/A42731,636469
2023-03-03$6.14$7.5064.4%18.5%95.2%16.2%85.6%3.5%-6.8%2.5K51.3K-8850.0388.84N/AN/A3611,669508
2023-03-06$5.82$7.5055.1%10.9%96.0%9.2%0.0%0.0%39.7%1.6K75.0K-7680.72101.82N/AN/A57411,661508
2023-03-07$5.90$7.5060.3%19.0%96.0%13.0%65.3%-4.7%0.6%1.4K74.3K-7970.4982.67N/AN/A101501,692549
2023-03-08$5.79$7.5069.5%15.4%94.9%20.0%51.8%9.0%29.9%1.0K59.8K-7830.6182.89N/AN/A46281,743542
2023-03-09$5.54$7.5092.7%15.8%95.2%37.4%67.1%-0.3%-3.2%70698.7K-6610.1082.84N/AN/A2021,739560
2023-03-10$5.29$7.5050.4%17.5%95.0%5.6%61.7%7.5%-20.7%50886.4K-6820.6276.63N/AN/A2881781,729533
2023-03-13$5.21$5.0061.2%15.8%49.5%13.8%56.0%-8.3%19.7%1.3K56.4K-8400.0088.51N/AN/A1801,968679
2023-03-14$5.37$5.00120.2%15.2%50.7%58.0%43.3%28.4%64.1%1.5K12.5K-9150.0080.25N/AN/A601,976679
2023-03-15$5.22$5.0069.0%19.8%46.5%19.6%68.2%20.9%12.9%1.7K29.9K-89916.0066.75N/AN/A1161,978679
2023-03-16$5.20$5.0064.5%18.5%46.2%16.2%64.5%16.8%87.6%1.7K40.7K-8397.5058.80N/AN/A2151,977667
2023-03-17$5.12$5.0070.8%20.3%46.0%20.9%0.0%69.7%6.8%91751.1K-8120.0075.77N/AN/A4901,977655
2023-03-20$5.13$5.0064.5%18.5%44.4%16.2%61.9%9.9%59.9%1.2K16.9K-8480.0267.32N/AN/A4311,721572
2023-03-21$5.30$5.0062.8%18.0%47.1%14.9%63.0%35.6%4.6%1.6K-67.5K-9260.0082.59N/AN/A401,747483
2023-03-22$5.06$5.0062.8%18.0%48.4%15.0%62.9%1.5%4.6%1.3K-14.8K-8030.0081.67N/AN/A051,747483
2023-03-23$4.98$5.0060.4%17.3%48.0%13.1%60.1%11.9%19.7%1.3K-2.2K-7880.0065.15N/AN/A8401,747485
2023-03-24$5.05$5.0065.5%18.8%49.2%16.9%0.0%50.2%9.9%1.7K-45.6K-9480.0082.36N/AN/A501,831485
2023-03-27$5.12$5.0056.4%16.2%48.8%10.1%278.9%64.6%26.2%1.7K-14.7K-7930.0073.62N/AN/A801,832485
2023-03-28$5.02$5.0061.1%17.5%48.8%13.6%0.0%58.6%11.1%1.8K-27.6K-8660.0073.81N/AN/A011,837485
2023-03-29$4.96$5.0055.0%15.8%48.7%9.1%55.5%46.8%20.6%1.8K-22.0K-8280.1772.55N/AN/A611,837486
2023-03-30$5.09$5.0070.4%20.2%41.4%20.6%70.4%35.9%-3.5%1.8K-29.5K-8170.0075.64N/AN/A3601,843487
2023-03-31$5.20$5.0054.8%15.7%42.8%9.0%54.0%17.6%18.7%2.1K-59.9K-81012.5080.27N/AN/A4501,848487