SRTS Options History — March 2024

In March 2024, SRTS traded between $3.48 and $4.13. ATM implied volatility averaged 116.7%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 30.5%. IV traded above realized volatility by 27.2% (HV 20d: 89.6%). 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 13 of 20 days. Put/call ratio averaged 2.03.

Notable Days

2024-03-19: Highest Volume — 1,181 contracts
2024-03-04: Largest IV spike — 156.5% change
2024-03-12: Highest IV Rank — 91.8%
2024-03-11: Largest Expected Move — 46.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.85	$3.48	$4.13	$4.13	$3.83
Max Pain	$2.63	$2.50	$5.00	$5.00	$2.50
ATM IV	116.7%	58.5%	257.4%	61.7%	131.1%
Expected Move	30.5%	16.8%	46.0%	17.7%	37.6%
HV 20d	89.6%	79.5%	102.1%	83.8%	85.9%
HV 60d	85.6%	78.7%	88.2%	82.8%	88.0%
IV Rank	33.8%	9.8%	91.8%	11.1%	39.7%
IV Percentile	65.8%	17.1%	99.2%	22.6%	80.2%
Term Structure	20.1%	-82.7%	126.7%	38.5%	41.2%
VWIV	92.3%	45.2%	129.9%	78.2%	52.3%
Bid-Ask Spread %	98.33	32.47	136.21	93.83	114.16
Gamma HHI	0.87	0.77	0.98	0.92	0.77
Net GEX	1.8K	526	7.5K	2.1K	586
Net DEX	-96.1K	-181.2K	-69.3K	-101.8K	-78.9K
Net VEX	-353	-612	-214	-408	-215
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.03	0.00	22.50	0.00	0.00
Total Volume	70.25	0	1,181	2	2
Total OI	1,238.6	742	1,921	882	1,921

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
2024-03-01	$4.13	$5.00	61.7%	17.7%	83.8%	11.1%	0.0%	0.0%	38.5%	2.1K	-101.8K	-408	0.00	93.83	N/A	N/A	2	0	800	82
2024-03-04	$4.10	$2.50	158.3%	37.4%	83.0%	50.9%	0.0%	0.0%	14.9%	1.4K	-118.5K	-430	0.00	136.21	N/A	N/A	0	0	802	82
2024-03-05	$4.08	$2.50	109.5%	30.4%	83.2%	30.8%	0.0%	0.0%	-2.6%	1.8K	-101.7K	-342	0.00	124.06	N/A	N/A	14	0	802	82
2024-03-06	$4.10	$2.50	86.0%	27.3%	81.2%	21.1%	0.0%	0.0%	22.5%	1.4K	-119.4K	-433	0.00	118.17	N/A	N/A	0	0	799	82
2024-03-07	$4.07	$2.50	84.1%	30.5%	80.0%	20.4%	0.0%	0.0%	-18.8%	1.8K	-92.6K	-348	0.00	116.93	N/A	N/A	0	0	799	82
2024-03-08	$4.13	$2.50	93.0%	18.3%	79.5%	24.0%	0.0%	0.0%	11.7%	2.1K	-91.2K	-352	0.00	103.81	N/A	N/A	0	0	799	82
2024-03-11	$3.48	$2.50	186.4%	46.0%	100.7%	62.5%	78.2%	0.0%	-82.7%	1.2K	-70.8K	-336	0.00	134.13	N/A	N/A	16	0	799	82
2024-03-12	$3.52	$2.50	257.4%	29.9%	94.9%	91.8%	121.3%	0.0%	58.7%	1.3K	-70.3K	-333	0.83	79.52	N/A	N/A	6	5	810	82
2024-03-13	$3.87	$2.50	58.5%	16.8%	100.9%	9.8%	116.8%	0.0%	46.2%	1.6K	-93.7K	-375	0.09	52.40	N/A	N/A	54	5	816	87
2024-03-14	$3.73	$2.50	114.8%	32.9%	101.5%	33.0%	102.1%	0.0%	-60.3%	1.5K	-94.3K	-355	22.50	97.00	N/A	N/A	2	45	838	85
2024-03-15	$3.54	$2.50	141.5%	40.6%	102.1%	44.0%	129.9%	0.0%	-34.6%	1.3K	-83.1K	-339	0.91	117.70	N/A	N/A	35	32	838	130
2024-03-18	$3.62	$2.50	135.9%	39.0%	88.8%	41.7%	0.0%	0.0%	-19.2%	1.3K	-96.8K	-373	0.00	94.12	N/A	N/A	0	0	631	111
2024-03-19	$3.85	$2.50	79.8%	22.9%	89.5%	18.6%	45.2%	0.0%	19.8%	1.8K	-90.5K	-315	0.03	32.47	N/A	N/A	1,151	30	631	111
2024-03-20	$3.67	$2.50	123.9%	35.5%	88.4%	36.8%	0.0%	0.0%	111.1%	5.2K	-147.3K	-612	0.00	98.96	N/A	N/A	0	1	1,782	131
2024-03-21	$3.80	$2.50	77.0%	22.1%	89.4%	17.4%	0.0%	0.0%	21.3%	595	-69.9K	-214	0.00	76.72	N/A	N/A	0	0	1,787	132
2024-03-22	$3.71	$2.50	153.3%	44.0%	88.4%	48.9%	52.3%	0.0%	126.7%	583	-69.3K	-217	0.00	104.31	N/A	N/A	2	0	1,787	132
2024-03-25	$3.75	$2.50	141.8%	40.6%	88.1%	44.1%	0.0%	0.0%	-3.7%	526	-74.0K	-230	0.00	67.16	N/A	N/A	0	0	1,786	132
2024-03-26	$3.98	$2.50	69.0%	19.8%	91.4%	14.1%	0.0%	0.0%	69.2%	7.5K	-181.2K	-606	0.00	106.42	N/A	N/A	2	0	1,786	132
2024-03-27	$3.95	$2.50	71.5%	20.5%	91.1%	15.2%	0.0%	0.0%	42.9%	659	-76.0K	-219	0.00	98.55	N/A	N/A	1	0	1,788	132
2024-03-28	$3.83	$2.50	131.1%	37.6%	85.9%	39.7%	0.0%	0.0%	41.2%	586	-78.9K	-215	0.00	114.16	N/A	N/A	2	0	1,789	132