SRTS Options History — December 2023

In December 2023, SRTS traded between $2.09 and $2.66. ATM implied volatility averaged 126.6%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded above realized volatility by 55.5% (HV 20d: 71.0%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.13.

Notable Days

2023-12-05: Highest Volume — 100 contracts
2023-12-13: Largest IV drop — 62.7% change
2023-12-08: Highest IV Rank — 99.4%
2023-12-05: Largest Expected Move — 53.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.40	$2.09	$2.66	$2.44	$2.38
Max Pain	$2.50	$2.50	$2.50	$2.50	$2.50
ATM IV	126.6%	53.4%	276.0%	176.0%	72.4%
Expected Move	26.8%	15.3%	53.0%	50.4%	20.8%
HV 20d	71.0%	63.0%	81.0%	76.2%	68.7%
HV 60d	61.3%	57.4%	65.0%	57.6%	64.4%
IV Rank	37.9%	7.7%	99.4%	58.2%	15.5%
IV Percentile	61.1%	11.1%	99.6%	96.0%	52.0%
Term Structure	40.5%	-94.4%	126.0%	124.5%	108.5%
VWIV	121.7%	59.6%	183.8%	183.8%	59.6%
Bid-Ask Spread %	75.95	29.08	147.28	129.31	29.08
Gamma HHI	0.85	0.51	1.00	0.51	0.99
Net GEX	758	442	1.0K	833	802
Net DEX	-34.5K	-62.3K	-16.3K	-59.4K	-28.6K
Net VEX	-179	-278	-144	-278	-151
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.00	1.00	0.00	0.00
Total Volume	9.55	0	100	0	5
Total OI	802.4	792	833	792	795

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
2023-12-01	$2.44	$2.50	176.0%	50.4%	76.2%	58.2%	0.0%	0.0%	124.5%	833	-59.4K	-278	0.00	129.31	N/A	N/A	0	0	721	71
2023-12-04	$2.46	$2.50	198.0%	45.0%	75.1%	67.3%	0.0%	0.0%	-51.1%	775	-36.6K	-198	0.00	112.09	N/A	N/A	2	0	721	71
2023-12-05	$2.52	$2.50	205.8%	53.0%	75.0%	70.5%	183.8%	0.0%	-93.2%	875	-62.3K	-273	0.00	134.93	N/A	N/A	100	0	721	71
2023-12-06	$2.32	$2.50	212.4%	45.7%	81.0%	73.2%	0.0%	0.0%	-94.4%	751	-59.8K	-264	0.00	147.28	N/A	N/A	0	0	721	71
2023-12-07	$2.29	$2.50	257.0%	35.8%	80.3%	91.6%	0.0%	0.0%	-29.5%	569	-22.4K	-158	1.00	90.56	N/A	N/A	20	20	721	71
2023-12-08	$2.23	$2.50	276.0%	21.6%	80.3%	99.4%	0.0%	0.0%	-9.7%	637	-24.4K	-162	0.00	70.72	N/A	N/A	0	0	741	71
2023-12-11	$2.09	$2.50	193.9%	33.4%	63.1%	65.6%	0.0%	0.0%	-51.9%	442	-16.3K	-147	0.00	62.94	N/A	N/A	1	0	741	71
2023-12-12	$2.09	$2.50	223.9%	25.2%	63.0%	77.9%	0.0%	0.0%	-32.6%	473	-16.4K	-144	0.00	54.86	N/A	N/A	22	0	740	71
2023-12-13	$2.25	$2.50	83.4%	23.9%	65.7%	20.1%	0.0%	0.0%	-25.7%	605	-22.9K	-165	0.00	58.40	N/A	N/A	0	0	762	71
2023-12-14	$2.26	$2.50	76.4%	21.9%	65.1%	17.2%	0.0%	0.0%	0.0%	665	-27.6K	-157	0.00	95.36	N/A	N/A	0	0	762	71
2023-12-15	$2.42	$2.50	72.7%	20.8%	68.9%	15.7%	0.0%	0.0%	0.0%	670	-30.4K	-169	0.00	115.12	N/A	N/A	20	0	762	71
2023-12-18	$2.50	$2.50	59.6%	17.1%	68.8%	10.3%	59.6%	0.0%	105.9%	830	-34.7K	-166	0.00	46.82	N/A	N/A	1	0	726	68
2023-12-19	$2.66	$2.50	57.0%	16.3%	69.7%	9.2%	0.0%	0.0%	99.6%	885	-41.4K	-170	0.00	41.24	N/A	N/A	0	0	727	68
2023-12-20	$2.48	$2.50	61.5%	17.6%	75.6%	11.0%	0.0%	0.0%	116.3%	834	-31.9K	-166	0.00	58.05	N/A	N/A	0	0	727	68
2023-12-21	$2.55	$2.50	64.7%	18.5%	73.5%	12.4%	0.0%	0.0%	99.3%	817	-38.6K	-164	0.00	65.63	N/A	N/A	0	0	727	68
2023-12-22	$2.54	$2.50	62.3%	17.9%	68.0%	11.4%	0.0%	0.0%	112.2%	851	-36.0K	-166	0.00	61.33	N/A	N/A	0	0	727	68
2023-12-26	$2.50	$2.50	53.4%	15.3%	67.0%	7.7%	0.0%	0.0%	108.1%	1.0K	-34.0K	-160	0.00	48.33	N/A	N/A	0	0	727	68
2023-12-27	$2.52	$2.50	58.9%	16.9%	67.1%	10.0%	0.0%	0.0%	126.0%	958	-35.6K	-160	0.00	54.43	N/A	N/A	0	0	727	68
2023-12-28	$2.42	$2.50	66.1%	18.9%	68.5%	12.9%	0.0%	0.0%	116.7%	870	-31.3K	-155	0.00	42.57	N/A	N/A	0	0	727	68
2023-12-29	$2.38	$2.50	72.4%	20.8%	68.7%	15.5%	0.0%	0.0%	108.5%	802	-28.6K	-151	0.00	29.08	N/A	N/A	5	0	727	68