SRTS Options History — May 2023

In May 2023, SRTS traded between $2.63 and $4.88. ATM implied volatility averaged 66.3%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 126.1% (HV 20d: 192.4%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.31.

Notable Days

  • 2023-05-03: Highest Volume — 458 contracts
  • 2023-05-22: Largest IV drop — 42.7% change
  • 2023-05-03: Highest IV Rank — 49.4%
  • 2023-05-03: Largest Expected Move — 31.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.10$2.63$4.88$4.66$2.71
Max Pain$2.84$2.50$5.00$5.00$2.50
ATM IV66.3%39.3%108.8%92.4%47.7%
Expected Move18.3%11.3%31.2%26.5%13.7%
HV 20d192.4%40.5%218.1%40.7%218.1%
HV 60d121.1%64.2%136.9%64.3%128.8%
IV Rank19.3%0.0%49.4%37.1%6.9%
IV Percentile34.5%0.0%92.5%82.5%2.0%
Term Structure4.0%-39.4%107.8%-15.6%10.1%
VWIV78.8%41.6%108.8%92.5%41.6%
Skew 25d-15.1%-71.5%80.5%80.5%-12.9%
Skew 10d-25.9%-92.8%36.0%2.5%-14.0%
Call IV 25d84.1%46.7%154.6%46.7%65.4%
Put IV 25d68.9%50.5%127.2%127.2%52.5%
Bid-Ask Spread %72.1624.68116.8124.6884.84
Gamma HHI0.520.390.740.600.61
Net GEX1.4K7584.4K4.4K1.4K
Net DEX-20.2K-166.4K68.7K-166.4K-27.7K
Net VEX-451-1.1K-272-1.1K-272
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.002.670.270.00
Total Volume67.1360458908
Total OI1,705.4091,2192,0971,6261,219

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$4.66$5.0092.4%26.5%40.7%37.1%92.5%80.5%-15.6%4.4K-166.4K-1.1K0.2724.68N/AN/A71191,161465
2023-05-02$4.58$5.0091.5%26.2%40.5%36.4%92.6%21.5%6.6%3.6K-50.1K-9190.1180.66N/AN/A103111,175475
2023-05-03$4.88$5.00108.8%31.2%46.6%49.4%108.8%35.5%-39.4%3.9K-117.8K-1.0K0.0076.41N/AN/A45801,220486
2023-05-04$2.71$2.5089.5%20.7%213.4%34.9%75.9%-58.7%5.2%75868.7K-3770.6744.10N/AN/A2751831,611486
2023-05-05$2.79$2.5078.7%17.5%214.3%26.8%0.0%-3.7%6.8%86920.8K-3812.6776.19N/AN/A12321,624348
2023-05-08$3.00$2.5064.9%16.0%216.0%16.5%63.0%13.3%-12.3%7849.6K-4190.3082.13N/AN/A2061,597369
2023-05-09$2.89$2.5070.3%17.5%215.1%22.9%0.0%4.2%-14.8%88322.1K-3650.00102.70N/AN/A021,616369
2023-05-10$2.99$2.5057.9%16.6%216.3%12.5%0.0%14.2%-2.7%8518.7K-4180.0086.10N/AN/A201,616360
2023-05-11$2.87$2.5059.3%17.0%215.8%13.7%64.8%4.7%57.0%98210.3K-4040.00101.43N/AN/A2101,629360
2023-05-12$2.86$2.5060.5%17.4%216.0%14.7%0.0%-24.0%-1.4%97712.4K-3470.00116.81N/AN/A701,648360
2023-05-15$2.87$2.5074.7%21.4%214.8%26.6%101.4%-39.8%-31.5%1.2K15.2K-3860.0056.40N/AN/A4301,655360
2023-05-16$2.91$2.5048.8%14.0%215.1%4.9%0.0%-71.5%107.8%1.0K-23.7K-3900.1854.73N/AN/A1121,667288
2023-05-17$3.00$2.5059.3%17.0%216.1%13.7%0.0%-57.6%6.7%1.1K-28.7K-4180.0082.01N/AN/A201,677288
2023-05-18$2.93$2.5054.3%15.6%216.1%9.5%0.0%-52.4%36.1%971-21.9K-4010.0055.95N/AN/A001,668288
2023-05-19$2.84$2.5068.5%19.6%215.9%21.4%68.5%-43.9%-11.4%1.1K-17.3K-3760.8091.37N/AN/A76611,668288
2023-05-22$2.96$2.5039.3%11.3%217.2%0.0%0.0%-23.7%10.7%785-40.4K-3630.0058.50N/AN/A1501,056188
2023-05-23$2.85$2.5042.6%12.2%217.1%2.7%41.6%-30.8%8.0%1.1K-50.5K-4060.0056.97N/AN/A1601,071188
2023-05-24$2.71$2.5055.2%15.8%217.0%12.9%0.0%-36.7%-4.2%1.1K-13.2K-3010.0056.83N/AN/A001,057178
2023-05-25$2.63$2.5065.0%18.6%216.3%20.9%0.0%-41.2%-9.6%1.2K-11.3K-2980.0065.42N/AN/A001,082181
2023-05-26$2.68$2.5073.2%21.0%216.8%27.5%0.0%-4.5%-15.4%1.1K-19.0K-2810.0078.68N/AN/A101,082156
2023-05-30$2.79$2.5055.7%16.0%218.1%13.4%0.0%-5.4%-9.4%1.2K-24.4K-2940.0054.72N/AN/A0201,083156
2023-05-31$2.71$2.5047.7%13.7%218.1%6.9%0.0%-12.9%10.1%1.4K-27.7K-2720.0084.84N/AN/A081,083136