SRTS Options History — April 2023

In April 2023, SRTS traded between $4.63 and $5.25. ATM implied volatility averaged 71.0%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 21.1%. IV traded above realized volatility by 30.2% (HV 20d: 40.8%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.50.

Notable Days

  • 2023-04-26: Highest Volume — 362 contracts
  • 2023-04-11: Largest IV spike — 36.2% change
  • 2023-04-11: Highest IV Rank — 40.8%
  • 2023-04-10: Largest Expected Move — 34.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.97$4.63$5.25$5.25$4.73
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV71.0%54.6%97.3%68.3%83.6%
Expected Move21.1%16.6%34.0%19.6%24.0%
HV 20d40.8%39.3%42.9%39.7%41.6%
HV 60d65.3%63.8%72.1%72.1%64.5%
IV Rank21.1%8.8%40.8%19.1%30.6%
IV Percentile42.2%5.6%84.1%35.3%74.2%
Term Structure-1.0%-51.3%62.9%4.6%-10.8%
VWIV74.7%57.1%133.6%67.8%83.9%
Skew 25d21.7%-211.0%215.5%30.4%15.2%
Skew 10d43.6%-187.0%357.7%84.4%12.8%
Call IV 25d74.2%32.5%331.8%82.8%51.4%
Put IV 25d95.9%60.4%259.8%113.2%66.6%
Bid-Ask Spread %81.5229.97126.1985.4657.38
Gamma HHI0.550.430.780.430.66
Net GEX871-6703.0K1.8K3.0K
Net DEX-4.9K-151.3K188.7K-41.6K-62.4K
Net VEX-813-933-678-855-933
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.0012.672.330.05
Total Volume84.421336215211
Total OI2,239.8951,0382,7152,3831,497

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$5.25$5.0068.3%19.6%39.7%19.1%67.8%30.4%4.6%1.8K-41.6K-8550.0085.46N/AN/A0151,846537
2023-04-04$5.10$5.0057.9%16.6%39.9%11.2%57.1%-6.0%17.3%1.3K-21.2K-8820.0077.83N/AN/A0121,846601
2023-04-05$4.90$5.0062.8%18.0%41.4%14.9%62.8%1.7%12.2%73145.4K-7122.3381.34N/AN/A6141,846613
2023-04-06$4.84$5.0054.6%21.3%39.3%8.8%74.1%31.0%-3.8%94647.1K-8010.11107.96N/AN/A119131,852625
2023-04-10$5.04$5.0071.4%34.0%39.8%21.4%133.6%28.6%-51.3%1.3K-20.5K-9281.33126.19N/AN/A18241,940637
2023-04-11$5.17$5.0097.3%22.4%40.6%40.8%0.0%-211.0%-20.2%671-151.3K-7460.00104.06N/AN/A2101,954661
2023-04-12$5.04$5.0080.5%23.1%39.9%28.2%0.0%46.4%-13.6%1.3K-10.9K-8980.5897.32N/AN/A1271,974661
2023-04-13$5.12$5.0068.9%19.7%39.3%19.5%68.9%18.3%0.7%1.2K-33.7K-9180.5098.59N/AN/A211,985668
2023-04-14$5.03$5.0076.8%22.0%39.7%25.5%76.8%215.5%-7.8%1.3K-853-87212.67102.45N/AN/A121521,984671
2023-04-17$5.24$5.0065.7%18.8%42.1%17.1%0.0%18.9%0.3%476-66.5K-8880.8089.16N/AN/A541,972743
2023-04-18$5.23$5.0062.5%17.9%42.1%14.7%62.9%15.5%1.7%436-92.4K-8353.0087.28N/AN/A131,974739
2023-04-19$5.03$5.0067.4%19.3%42.6%18.4%67.4%44.3%-6.8%58511.4K-7900.27101.77N/AN/A133361,975736
2023-04-20$4.91$5.0064.9%18.6%40.3%16.5%64.9%25.4%2.2%52396.6K-7213.5065.25N/AN/A4141,940767
2023-04-21$4.92$5.0068.2%19.5%39.9%19.0%0.0%47.4%3.1%-664188.7K-6780.1372.22N/AN/A75101,939775
2023-04-24$4.86$5.0072.4%20.7%39.7%22.1%72.4%12.5%4.1%-67023.8K-7080.0068.80N/AN/A120603435
2023-04-25$4.63$5.0071.3%20.4%42.5%21.3%71.9%22.6%62.9%-47927.1K-6940.0047.72N/AN/A960612435
2023-04-26$4.65$5.0078.1%22.4%42.3%26.4%78.7%16.2%-7.7%18914.8K-7210.0029.97N/AN/A3620689434
2023-04-27$4.74$5.0076.5%21.9%42.9%25.2%76.6%39.3%-6.4%2.5K-46.8K-8760.1748.06N/AN/A18030958434
2023-04-28$4.73$5.0083.6%24.0%41.6%30.6%83.9%15.2%-10.8%3.0K-62.4K-9330.0557.38N/AN/A201101,042455