SRTS Options History — September 2023

In September 2023, SRTS traded between $2.62 and $3.13. ATM implied volatility averaged 68.9%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded above realized volatility by 16.8% (HV 20d: 52.1%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.53.

Notable Days

2023-09-19: Highest Volume — 21 contracts
2023-09-21: Largest IV spike — 138.9% change
2023-09-12: Highest IV Rank — 60.4%
2023-09-01: Largest Expected Move — 28.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.80	$2.62	$3.13	$3.13	$2.77
Max Pain	$3.38	$2.50	$5.00	$2.50	$2.50
ATM IV	68.9%	34.7%	164.7%	98.0%	44.3%
Expected Move	16.3%	9.9%	28.1%	28.1%	12.7%
HV 20d	52.1%	41.6%	80.5%	80.5%	48.4%
HV 60d	71.3%	69.5%	73.2%	71.5%	69.5%
IV Rank	15.1%	0.0%	60.4%	28.3%	4.5%
IV Percentile	35.6%	0.0%	98.0%	82.5%	3.2%
Term Structure	23.7%	-37.2%	157.9%	-37.2%	36.8%
VWIV	68.6%	37.6%	179.8%	38.9%	179.8%
Skew 25d	-37.3%	-124.5%	25.4%	22.7%	-47.9%
Skew 10d	-52.8%	-179.7%	23.3%	23.3%	-110.7%
Call IV 25d	93.6%	47.3%	181.5%	48.4%	131.7%
Put IV 25d	56.3%	37.6%	83.8%	71.1%	83.8%
Bid-Ask Spread %	92.58	51.71	132.76	132.76	102.78
Gamma HHI	0.53	0.49	0.69	0.64	0.50
Net GEX	756	581	1.3K	1.3K	675
Net DEX	-34.6K	-47.8K	-23.8K	-41.3K	-37.4K
Net VEX	-194	-251	-163	-248	-170
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.00	2.50	0.00	0.00
Total Volume	4.1	0	21	0	5
Total OI	1,264.4	1,225	1,296	1,284	1,264

Daily Data (20 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
2023-09-01	$3.13	$2.50	98.0%	28.1%	80.5%	28.3%	0.0%	22.7%	-37.2%	1.3K	-41.3K	-248	0.00	132.76	N/A	N/A	0	0	1,198	86
2023-09-05	$3.01	$5.00	110.4%	15.8%	68.3%	34.3%	0.0%	22.2%	21.1%	901	-31.7K	-194	0.00	105.33	N/A	N/A	0	0	1,198	86
2023-09-06	$3.08	$5.00	90.2%	16.2%	52.7%	24.5%	0.0%	25.4%	-4.1%	938	-38.9K	-218	0.00	102.26	N/A	N/A	0	0	1,198	86
2023-09-07	$2.94	$5.00	63.2%	11.4%	53.5%	11.5%	0.0%	-4.9%	32.7%	675	-29.3K	-182	0.00	77.86	N/A	N/A	0	0	1,198	86
2023-09-08	$2.85	$5.00	78.4%	14.8%	47.1%	18.8%	38.9%	14.5%	31.6%	731	-23.8K	-165	0.00	84.92	N/A	N/A	6	0	1,198	86
2023-09-11	$2.87	$5.00	87.6%	19.7%	47.1%	23.3%	0.0%	5.9%	-6.2%	898	-24.1K	-174	2.50	94.22	N/A	N/A	4	10	1,196	86
2023-09-12	$2.83	$5.00	164.7%	22.8%	43.4%	60.4%	0.0%	2.0%	-19.5%	864	-29.0K	-197	0.00	92.56	N/A	N/A	0	0	1,200	96
2023-09-13	$2.72	$5.00	39.1%	11.2%	41.6%	0.0%	0.0%	-114.7%	-16.0%	664	-36.1K	-210	1.00	90.04	N/A	N/A	1	1	1,200	96
2023-09-14	$2.90	$2.50	58.1%	16.6%	48.1%	9.1%	46.8%	-9.4%	0.0%	675	-41.7K	-190	0.00	83.22	N/A	N/A	0	1	1,200	48
2023-09-15	$2.74	$2.50	60.1%	17.2%	51.3%	10.1%	39.8%	-31.6%	0.0%	592	-38.2K	-198	0.00	114.56	N/A	N/A	0	1	1,200	47
2023-09-18	$2.81	$2.50	58.1%	16.7%	52.6%	9.1%	0.0%	-31.8%	-3.8%	599	-47.8K	-227	0.00	79.15	N/A	N/A	0	2	1,180	45
2023-09-19	$2.79	$2.50	40.1%	11.5%	52.6%	0.5%	0.0%	-124.5%	157.9%	602	-36.5K	-189	0.24	79.37	N/A	N/A	17	4	1,180	47
2023-09-20	$2.71	$2.50	34.7%	9.9%	52.7%	0.0%	0.0%	-120.6%	59.4%	621	-35.6K	-196	0.00	82.45	N/A	N/A	0	0	1,197	47
2023-09-21	$2.64	$2.50	82.9%	23.8%	52.7%	22.7%	37.6%	-56.6%	-35.4%	1.2K	-42.7K	-251	0.00	86.78	N/A	N/A	0	5	1,197	47
2023-09-22	$2.62	$2.50	43.3%	12.4%	51.4%	4.1%	0.0%	-122.7%	100.3%	624	-32.0K	-176	0.00	124.17	N/A	N/A	10	0	1,197	52
2023-09-25	$2.66	$2.50	53.3%	15.3%	51.8%	8.7%	0.0%	-97.3%	84.5%	581	-32.2K	-188	0.00	101.80	N/A	N/A	0	0	1,207	52
2023-09-26	$2.66	$2.50	54.4%	15.6%	50.9%	9.3%	179.8%	-34.9%	6.4%	631	-30.6K	-163	0.00	51.71	N/A	N/A	15	0	1,207	52
2023-09-27	$2.67	$2.50	49.1%	14.1%	49.3%	6.8%	0.0%	-30.3%	18.4%	655	-31.7K	-167	0.00	83.30	N/A	N/A	0	0	1,212	52
2023-09-28	$2.67	$2.50	67.6%	19.4%	46.0%	15.5%	0.0%	-11.9%	-0.7%	649	-32.4K	-167	0.00	82.28	N/A	N/A	0	0	1,212	52
2023-09-29	$2.77	$2.50	44.3%	12.7%	48.4%	4.5%	0.0%	-47.9%	36.8%	675	-37.4K	-170	0.00	102.78	N/A	N/A	5	0	1,212	52