SRTS Options History — May 2024

In May 2024, SRTS traded between $3.59 and $6.38. ATM implied volatility averaged 105.3%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 22.7%. IV traded below realized volatility by 15.4% (HV 20d: 120.7%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.14.

Notable Days

  • 2024-05-10: Highest Volume — 2,128 contracts
  • 2024-05-07: Largest IV spike — 146.7% change
  • 2024-05-07: Highest IV Rank — 98.5%
  • 2024-05-03: Largest Expected Move — 43.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.14$3.59$6.38$3.59$5.46
Max Pain$4.09$2.50$5.00$2.50$5.00
ATM IV105.3%39.4%315.0%115.4%48.9%
Expected Move22.7%11.3%43.0%33.1%14.0%
HV 20d120.7%59.5%156.5%59.5%151.2%
HV 60d97.8%78.2%108.3%79.1%108.3%
IV Rank24.8%1.6%98.5%28.3%5.0%
IV Percentile48.8%1.2%99.6%68.3%6.0%
Term Structure-2.8%-88.1%82.0%82.0%7.2%
VWIV82.0%53.0%116.2%74.9%53.0%
Skew 25d-21.4%-61.9%47.6%-9.7%-26.7%
Skew 10d23.7%-43.4%270.0%74.1%0.0%
Call IV 25d80.5%66.4%101.1%74.0%71.9%
Put IV 25d59.1%39.2%128.8%64.3%45.2%
Bid-Ask Spread %104.7427.82136.47103.97118.19
Gamma HHI0.730.570.940.920.82
Net GEX4.5K66013.9K6607.3K
Net DEX-347.0K-853.9K-32.3K-32.3K-363.5K
Net VEX-527-773-169-182-697
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.001.440.250.00
Total Volume184.45502,1280138
Total OI1,102.2273762,0003761,341

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$3.59$2.50115.4%33.1%59.5%28.3%0.0%0.0%82.0%660-32.3K-1820.00103.97N/AN/A0030472
2024-05-02$3.88$2.50111.8%32.1%64.3%27.1%0.0%0.0%-64.6%734-41.7K-1840.2596.66N/AN/A20530472
2024-05-03$3.62$2.50149.9%43.0%69.5%40.5%0.0%0.0%-88.1%661-45.9K-2210.00109.66N/AN/A10032477
2024-05-06$3.77$2.50127.7%21.2%69.3%32.7%0.0%0.0%1.3%695-44.4K-1690.00119.91N/AN/A20032477
2024-05-07$3.83$2.50315.0%20.9%68.2%98.5%0.0%0.0%7.4%825-50.1K-1990.00136.47N/AN/A29033277
2024-05-08$3.86$2.50156.4%14.7%67.0%42.7%0.0%0.0%52.0%858-59.6K-1930.00130.48N/AN/A0035877
2024-05-09$3.77$2.50190.1%21.9%65.7%54.6%0.0%0.0%-23.3%957-59.9K-1990.00135.86N/AN/A6035877
2024-05-10$5.29$2.50124.7%19.1%134.7%31.6%74.9%0.0%-12.5%1.6K-134.5K-2550.08113.22N/AN/A1,96816036177
2024-05-13$5.59$5.0071.3%16.9%133.7%12.8%70.6%0.0%7.4%8.7K-640.0K-6410.2598.47N/AN/A297741,616234
2024-05-14$5.30$5.0065.8%22.2%136.1%10.9%76.9%0.0%0.2%13.9K-495.1K-6940.4727.82N/AN/A161761,505202
2024-05-15$6.10$5.0039.4%11.3%142.0%1.6%68.0%0.0%23.1%4.5K-738.4K-6800.0835.01N/AN/A341281,596253
2024-05-16$6.38$5.0079.1%22.7%141.8%15.6%93.2%-9.7%-8.9%5.6K-853.9K-6830.0092.28N/AN/A12901,747253
2024-05-17$5.96$5.0081.5%23.4%146.2%16.5%84.2%-44.9%-28.2%5.7K-743.1K-7730.00113.92N/AN/A33001,725253
2024-05-20$6.29$5.0063.9%18.3%146.4%10.2%110.0%0.9%-16.2%5.6K-518.2K-6620.03100.53N/AN/A6421,096165
2024-05-21$5.84$5.0074.3%21.3%150.9%13.9%80.9%-33.6%-11.9%5.4K-430.0K-7220.10110.11N/AN/A4851,081167
2024-05-22$5.82$5.0061.6%17.7%148.6%9.4%65.5%-19.8%23.3%5.4K-412.8K-7560.06115.03N/AN/A1711,086167
2024-05-23$5.86$5.00124.4%35.7%148.8%31.5%116.2%-61.9%-14.2%5.5K-399.7K-7591.44123.71N/AN/A18261,094168
2024-05-24$6.13$5.0067.8%19.4%148.9%11.6%71.5%-28.8%-20.1%5.5K-469.9K-7190.0098.84N/AN/A701,086194
2024-05-28$5.49$5.0087.1%25.0%156.5%18.4%115.2%-27.2%-30.0%6.0K-343.8K-7170.02104.08N/AN/A4911,089194
2024-05-29$5.64$5.0065.8%18.9%153.7%10.9%0.0%-31.5%80.5%6.5K-393.8K-7480.00108.05N/AN/A1201,138194
2024-05-30$5.55$5.0094.4%27.1%152.2%21.0%68.7%47.6%-27.6%6.5K-363.7K-7440.07111.93N/AN/A1511,140194
2024-05-31$5.46$5.0048.9%14.0%151.2%5.0%53.0%-26.7%7.2%7.3K-363.5K-6970.00118.19N/AN/A13801,147194