SRTS Options History — January 2025

In January 2025, SRTS traded between $6.42 and $8.29. ATM implied volatility averaged 124.4%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 29.2%. IV traded above realized volatility by 76.5% (HV 20d: 47.9%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2025-01-21: Highest Volume — 1,230 contracts
  • 2025-01-17: Largest IV spike — 281.6% change
  • 2025-01-14: Highest IV Rank — 89.9%
  • 2025-01-17: Largest Expected Move — 66.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.92$6.42$8.29$7.08$8.29
Max Pain$6.90$6.00$7.00$6.00$7.00
ATM IV124.4%57.6%291.1%136.7%91.6%
Expected Move29.2%16.5%66.9%39.2%26.3%
HV 20d47.9%43.2%82.9%46.4%82.9%
HV 60d49.6%48.0%62.6%49.1%62.6%
IV Rank30.4%6.5%89.9%34.8%18.7%
IV Percentile61.7%12.7%98.8%85.3%62.3%
Term Structure11.4%-102.7%196.7%-10.5%19.8%
VWIV91.8%45.6%133.9%45.6%133.9%
Skew 25d32.8%-80.4%229.3%71.5%36.1%
Skew 10d-22.4%-250.5%290.6%81.1%-198.1%
Call IV 25d98.0%31.2%172.3%51.5%115.5%
Put IV 25d130.8%69.0%401.7%123.0%151.6%
Bid-Ask Spread %136.02128.31143.89135.41128.31
Gamma HHI0.650.170.920.210.91
Net GEX10.5K36018.1K3.2K13.2K
Net DEX-261.2K-671.6K-41.5K-148.6K-671.6K
Net VEX-844-1.4K-321-510-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.005.000.000.37
Total Volume165.2501,2302486
Total OI1,748.85242,1679371,865

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$7.08$6.00136.7%39.2%46.4%34.8%0.0%71.5%-10.5%3.2K-148.6K-5100.00135.41N/AN/A20563374
2025-01-03$7.25$6.0073.7%21.1%47.8%12.3%45.6%53.5%77.3%4.1K-159.3K-4755.00130.20N/AN/A210565374
2025-01-06$7.24$7.0083.3%27.0%44.9%15.7%115.6%-18.5%-53.6%4.1K-153.5K-4350.02143.89N/AN/A1,15219565374
2025-01-07$6.94$7.00114.6%34.3%46.2%26.9%0.0%-20.6%-48.1%18.1K-282.6K-8270.25143.29N/AN/A1231,716390
2025-01-08$6.77$7.00220.9%33.4%46.4%64.8%0.0%45.4%-102.7%12.5K-387.9K-9650.71137.74N/AN/A14101,728392
2025-01-10$6.55$7.00125.2%20.3%43.9%30.6%62.5%1.1%-0.3%12.8K-227.8K-7280.63136.56N/AN/A851,717402
2025-01-13$6.42$7.00216.1%26.1%43.6%63.1%88.6%-41.0%41.7%11.2K-168.0K-5720.40143.14N/AN/A30121,721407
2025-01-14$6.57$7.00291.1%30.7%45.6%89.9%0.0%20.0%-78.2%13.2K-277.0K-6100.00137.96N/AN/A401,746378
2025-01-15$6.78$7.0082.9%23.8%47.0%15.6%131.0%-80.4%-50.3%16.2K-259.8K-5540.31140.69N/AN/A49151,750378
2025-01-16$6.75$7.0061.2%17.5%45.8%7.8%0.0%26.3%196.7%14.4K-178.3K-4770.00134.02N/AN/A801,773393
2025-01-17$6.55$7.00233.4%66.9%46.2%69.3%0.0%229.3%106.3%360-45.7K-3210.00142.58N/AN/A3301,774393
2025-01-21$6.84$7.0057.6%16.5%47.5%6.5%83.8%71.6%7.0%427-41.5K-3730.03138.03N/AN/A1,19040209315
2025-01-22$6.95$7.0077.5%22.2%47.9%13.6%83.5%5.7%-13.8%13.2K-300.9K-1.2K0.67130.87N/AN/A21141,390355
2025-01-23$7.00$7.0077.8%22.3%47.1%13.7%84.3%146.9%-0.8%12.2K-346.5K-1.3K0.95133.65N/AN/A22211,409369
2025-01-24$7.13$7.0077.7%22.3%46.0%13.7%71.9%-0.5%13.2%15.0K-353.6K-1.3K0.00129.28N/AN/A1801,431390
2025-01-27$6.80$7.00134.4%38.5%48.9%33.9%0.0%-0.8%81.3%11.6K-278.3K-1.2K0.08136.13N/AN/A2421,432390
2025-01-28$6.94$7.0085.2%24.4%43.2%16.4%95.7%16.1%-0.6%12.8K-311.9K-1.2K0.00131.95N/AN/A1101,456392
2025-01-29$6.69$7.00183.6%52.6%44.8%51.5%0.0%55.6%-1.8%10.1K-308.1K-1.2K0.00136.11N/AN/A001,458392
2025-01-30$6.80$7.0062.9%18.0%45.3%8.4%105.0%38.3%44.8%10.6K-322.2K-1.2K0.00130.59N/AN/A6801,458392
2025-01-31$8.29$7.0091.6%26.3%82.9%18.7%133.9%36.1%19.8%13.2K-671.6K-1.4K0.37128.31N/AN/A3561301,473392