SRTS Options History — August 2023

In August 2023, SRTS traded between $2.76 and $3.90. ATM implied volatility averaged 98.7%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded above realized volatility by 12.4% (HV 20d: 86.4%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.06.

Notable Days

  • 2023-08-14: Highest Volume — 130 contracts
  • 2023-08-30: Largest IV spike — 101.2% change
  • 2023-08-04: Highest IV Rank — 59.7%
  • 2023-08-11: Largest Expected Move — 40.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.22$2.76$3.90$2.88$3.10
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV98.7%48.0%163.2%122.8%96.9%
Expected Move25.5%13.8%40.9%35.2%27.8%
HV 20d86.4%65.9%97.2%67.1%89.8%
HV 60d71.9%60.7%75.7%62.6%74.3%
IV Rank28.6%4.2%59.7%40.3%27.7%
IV Percentile66.1%3.6%98.0%94.8%81.3%
Term Structure-30.3%-157.5%57.0%-45.4%-52.3%
VWIV131.5%131.5%131.5%131.5%131.5%
Skew 25d-3.3%-34.8%27.1%-32.9%23.8%
Skew 10d-7.4%-40.7%22.5%-37.4%22.5%
Call IV 25d69.6%43.3%96.5%91.8%45.4%
Put IV 25d66.3%44.2%96.2%58.9%69.2%
Bid-Ask Spread %97.6832.22142.1032.22109.41
Gamma HHI0.670.550.830.570.60
Net GEX1.9K9533.6K2.4K1.1K
Net DEX-84.3K-169.4K-33.2K-82.6K-39.8K
Net VEX-400-583-212-407-228
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.500.000.00
Total Volume34.9130130200
Total OI1,958.9571,1712,5022,2801,284

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$2.88$2.50122.8%35.2%67.1%40.3%0.0%-32.9%-45.4%2.4K-82.6K-4070.0032.22N/AN/A2002,178102
2023-08-02$2.83$2.50131.5%37.7%66.7%44.4%131.5%-0.3%-32.0%2.4K-100.6K-5110.0068.51N/AN/A042,178102
2023-08-03$2.76$2.50148.7%22.4%65.9%52.7%0.0%-34.8%-3.2%2.2K-73.3K-4030.5082.13N/AN/A32162,178106
2023-08-04$3.09$2.50163.2%17.6%75.2%59.7%0.0%-13.3%28.3%3.6K-131.8K-5830.0094.16N/AN/A01002,217118
2023-08-07$3.48$2.5085.6%19.8%84.4%22.3%0.0%-28.4%-5.7%2.1K-137.5K-4880.0074.50N/AN/A6102,217218
2023-08-08$3.90$2.50137.9%29.4%91.6%47.5%0.0%27.1%-19.1%2.6K-169.4K-5170.00141.57N/AN/A9602,171218
2023-08-09$3.76$2.5055.5%15.9%92.9%7.8%0.0%-18.9%27.9%2.4K-142.8K-5160.0099.36N/AN/A3302,153218
2023-08-10$3.46$2.50109.5%31.4%97.2%33.8%0.0%-16.9%-93.7%2.1K-120.5K-4860.0096.45N/AN/A6502,207218
2023-08-11$3.37$2.50142.6%40.9%86.9%49.7%0.0%-15.9%-157.5%2.2K-112.4K-4820.00142.10N/AN/A002,256218
2023-08-14$3.51$2.50131.5%37.7%87.8%44.4%0.0%-34.5%-2.2%2.3K-136.2K-5350.00120.53N/AN/A13002,256218
2023-08-15$3.32$2.50118.3%33.9%90.1%38.0%0.0%-22.4%-77.9%2.1K-106.8K-5220.00132.76N/AN/A002,283219
2023-08-16$3.21$2.5066.6%19.1%90.4%13.2%0.0%-14.5%-35.9%2.0K-85.0K-3920.17103.03N/AN/A60102,283219
2023-08-17$3.23$2.5055.5%15.9%90.0%7.8%0.0%-25.1%57.0%1.9K-71.8K-4380.00102.17N/AN/A002,224219
2023-08-18$3.21$2.5062.7%18.0%90.0%11.3%0.0%6.3%52.2%1.9K-77.9K-4770.00106.44N/AN/A4502,224219
2023-08-21$3.21$2.5090.8%26.0%90.0%24.8%0.0%7.9%-17.6%2.0K-79.6K-4550.00122.49N/AN/A10101,08289
2023-08-22$3.24$2.5086.1%24.7%89.9%22.6%0.0%20.7%-79.2%1.2K-39.8K-2440.0091.85N/AN/A3001,16889
2023-08-23$3.15$2.5098.2%28.1%90.6%28.4%0.0%18.6%-109.1%1.1K-41.2K-2750.0096.32N/AN/A001,19889
2023-08-24$3.03$2.5055.2%15.8%90.5%7.7%0.0%5.3%-0.8%1.3K-46.5K-3170.0092.53N/AN/A001,19886
2023-08-25$3.05$2.5076.9%22.1%90.4%18.1%0.0%20.3%-71.0%953-34.1K-2310.0090.73N/AN/A001,19886
2023-08-28$2.95$2.5048.0%13.8%90.3%4.2%0.0%9.3%11.0%1.1K-33.2K-2380.0098.25N/AN/A001,19886
2023-08-29$3.04$2.5062.1%17.8%89.2%11.0%0.0%21.7%-34.2%994-35.7K-2120.0033.51N/AN/A001,19886
2023-08-30$3.17$2.50125.0%35.8%89.9%41.3%0.0%21.6%-36.0%1.1K-40.3K-2390.00115.65N/AN/A001,19886
2023-08-31$3.10$2.5096.9%27.8%89.8%27.7%0.0%23.8%-52.3%1.1K-39.8K-2280.00109.41N/AN/A001,19886