SRTS Options History — January 2024

In January 2024, SRTS traded between $2.46 and $3.63. ATM implied volatility averaged 110.0%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 36.6%. IV traded above realized volatility by 37.2% (HV 20d: 72.8%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2024-01-23: Highest Volume — 290 contracts
2024-01-10: Largest IV spike — 156.2% change
2024-01-18: Highest IV Rank — 53.2%
2024-01-18: Largest Expected Move — 47.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.94	$2.46	$3.63	$2.46	$3.30
Max Pain	$2.97	$2.50	$5.00	$2.50	$2.50
ATM IV	110.0%	40.6%	163.8%	69.7%	101.2%
Expected Move	36.6%	18.9%	47.0%	20.0%	29.0%
HV 20d	72.8%	49.5%	95.2%	69.7%	95.2%
HV 60d	70.5%	64.4%	81.1%	64.7%	80.2%
IV Rank	31.0%	2.4%	53.2%	14.4%	27.4%
IV Percentile	65.3%	2.0%	91.3%	46.0%	71.0%
Term Structure	-10.4%	-81.2%	117.9%	117.9%	-49.6%
VWIV	127.1%	100.8%	207.2%	133.6%	207.2%
Bid-Ask Spread %	103.32	32.46	147.88	36.78	53.27
Gamma HHI	0.88	0.58	1.00	1.00	0.59
Net GEX	587	212	1.3K	928	259
Net DEX	-46.1K	-61.1K	-26.2K	-32.7K	-42.7K
Net VEX	-138	-185	-118	-150	-142
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.36	0.00	0.20
Total Volume	20.19	0	290	1	0
Total OI	650.524	261	807	795	478

Daily Data (21 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
2024-01-02	$2.46	$2.50	69.7%	20.0%	69.7%	14.4%	0.0%	0.0%	117.9%	928	-32.7K	-150	0.00	36.78	N/A	N/A	1	0	727	68
2024-01-03	$2.50	$2.50	65.8%	18.9%	69.9%	12.8%	0.0%	0.0%	49.1%	1.0K	-35.0K	-149	0.00	88.08	N/A	N/A	0	0	733	68
2024-01-04	$2.55	$0.00	66.9%	43.8%	69.7%	13.3%	0.0%	0.0%	-42.3%	1.1K	-37.3K	-150	0.00	130.00	N/A	N/A	0	2	733	68
2024-01-05	$2.65	$0.00	40.6%	41.0%	63.5%	2.4%	0.0%	0.0%	-25.0%	1.3K	-47.3K	-145	0.00	132.03	N/A	N/A	0	0	733	69
2024-01-08	$2.67	$0.00	52.3%	43.5%	63.1%	7.3%	0.0%	0.0%	-29.8%	1.2K	-46.9K	-144	0.00	131.78	N/A	N/A	0	0	733	69
2024-01-09	$2.88	$0.00	54.1%	39.5%	66.1%	8.0%	0.0%	0.0%	-16.5%	536	-61.1K	-131	0.00	134.02	N/A	N/A	5	0	733	69
2024-01-10	$2.80	$0.00	138.6%	39.7%	61.5%	42.8%	133.6%	0.0%	-5.4%	722	-54.6K	-136	0.00	147.88	N/A	N/A	12	0	728	69
2024-01-11	$2.69	$5.00	152.7%	43.8%	64.3%	48.6%	0.0%	0.0%	-35.8%	1.1K	-49.5K	-145	0.00	145.62	N/A	N/A	0	0	738	69
2024-01-12	$2.71	$5.00	154.2%	44.2%	60.1%	49.2%	0.0%	0.0%	-30.7%	1.0K	-53.0K	-140	0.00	144.89	N/A	N/A	0	0	738	69
2024-01-16	$2.83	$5.00	159.6%	45.8%	61.3%	51.5%	100.8%	0.0%	-17.4%	212	-59.5K	-132	0.00	146.53	N/A	N/A	34	0	738	69
2024-01-17	$2.84	$2.50	156.8%	44.9%	57.5%	50.3%	0.0%	0.0%	-21.6%	247	-47.1K	-132	0.00	147.88	N/A	N/A	0	0	700	69
2024-01-18	$2.72	$2.50	163.8%	47.0%	59.4%	53.2%	0.0%	0.0%	35.6%	241	-45.0K	-128	0.00	145.40	N/A	N/A	8	0	700	69
2024-01-19	$2.66	$2.50	163.7%	46.9%	56.0%	53.2%	0.0%	0.0%	-53.2%	221	-41.5K	-129	0.00	144.00	N/A	N/A	10	0	696	69
2024-01-22	$2.67	$2.50	107.2%	30.7%	49.5%	29.9%	0.0%	0.0%	-46.9%	233	-26.2K	-126	0.00	131.11	N/A	N/A	0	0	196	65
2024-01-23	$3.35	$2.50	112.2%	32.2%	93.4%	31.9%	114.6%	0.0%	114.7%	263	-43.4K	-125	0.36	56.01	N/A	N/A	214	76	196	65
2024-01-24	$3.50	$2.50	88.8%	25.5%	93.7%	22.3%	105.3%	0.0%	-14.4%	374	-50.7K	-121	0.00	83.80	N/A	N/A	29	0	326	136
2024-01-25	$3.56	$2.50	92.0%	26.4%	93.0%	23.6%	107.9%	0.0%	-15.8%	440	-53.8K	-122	0.00	32.46	N/A	N/A	6	0	332	136
2024-01-26	$3.63	$2.50	100.2%	28.7%	92.9%	27.0%	120.0%	0.0%	-20.9%	219	-52.0K	-118	0.00	37.13	N/A	N/A	14	0	332	136
2024-01-29	$3.45	$2.50	159.1%	45.6%	93.8%	51.3%	0.0%	0.0%	-81.2%	400	-48.3K	-185	0.00	52.94	N/A	N/A	1	0	334	136
2024-01-30	$3.33	$2.50	110.1%	31.6%	95.0%	31.1%	207.2%	0.0%	-28.1%	279	-40.8K	-154	0.20	48.15	N/A	N/A	10	2	333	136
2024-01-31	$3.30	$2.50	101.2%	29.0%	95.2%	27.4%	0.0%	0.0%	-49.6%	259	-42.7K	-142	0.00	53.27	N/A	N/A	0	0	343	135