SRTS Options History — February 2025

In February 2025, SRTS traded between $4.74 and $9.05. ATM implied volatility averaged 84.2%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 22.5%. IV traded below realized volatility by 79.9% (HV 20d: 164.1%). Max pain ranged from $4.00 to $8.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.62.

Notable Days

  • 2025-02-06: Highest Volume — 1,694 contracts
  • 2025-02-10: Largest IV spike — 99.6% change
  • 2025-02-10: Highest IV Rank — 46.9%
  • 2025-02-28: Largest Expected Move — 36.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.95$4.74$9.05$8.16$4.74
Max Pain$5.79$4.00$8.00$7.00$5.00
ATM IV84.2%55.2%170.7%87.6%125.9%
Expected Move22.5%15.8%36.1%25.1%36.1%
HV 20d164.1%83.2%180.1%83.2%178.3%
HV 60d101.4%62.5%109.9%62.5%107.8%
IV Rank16.0%5.7%46.9%17.2%30.9%
IV Percentile44.3%9.9%91.7%57.5%82.1%
Term Structure-5.8%-49.9%34.9%-9.0%4.4%
VWIV89.7%48.2%210.2%125.0%69.3%
Skew 25d0.6%-113.2%199.3%-47.1%199.3%
Skew 10d9.9%-122.7%141.5%-89.9%53.7%
Call IV 25d90.4%38.3%179.5%148.8%93.7%
Put IV 25d91.0%61.1%293.0%101.8%293.0%
Bid-Ask Spread %123.63104.80143.54122.83143.54
Gamma HHI0.530.310.770.770.36
Net GEX6.4K2.3K18.6K16.7K2.3K
Net DEX-36.3K-1.1M266.8K-731.6K-165.6K
Net VEX-1.2K-1.8K-819-1.8K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.003.370.380.00
Total Volume214.789121,6942212
Total OI2,9701,4064,0372,1461,677

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$8.16$7.0087.6%25.1%83.2%17.2%125.0%-47.1%-9.0%16.7K-731.6K-1.8K0.38122.83N/AN/A1661,659487
2025-02-04$8.46$7.0077.9%22.3%83.7%13.8%122.1%-113.2%12.5%17.4K-839.4K-1.8K0.28133.18N/AN/A90251,665491
2025-02-05$9.05$8.00103.8%29.8%86.2%23.0%93.6%19.8%-39.6%18.6K-1.1M-1.7K2.69119.93N/AN/A1724631,711512
2025-02-06$5.88$8.0083.4%20.8%178.9%15.7%83.8%9.5%-14.5%3.6K256.6K-8191.14127.37N/AN/A7939011,861974
2025-02-07$5.83$6.0085.5%21.3%178.8%16.5%80.3%44.0%-7.2%6.6K154.0K-1.2K0.99136.10N/AN/A1501492,4401,104
2025-02-10$6.04$6.00170.7%27.1%179.1%46.9%86.3%52.1%-29.2%7.0K188.7K-1.2K0.44140.29N/AN/A174762,5401,248
2025-02-11$5.89$6.0070.2%17.3%179.2%11.0%61.1%-10.7%-2.2%6.3K227.6K-1.2K0.28128.78N/AN/A109312,6121,309
2025-02-12$5.66$6.00119.1%34.1%179.3%28.5%82.2%-7.7%34.9%5.6K266.8K-1.0K1.07128.20N/AN/A28302,6531,304
2025-02-13$5.53$6.0070.0%20.1%178.8%11.0%69.9%-11.4%-0.3%5.2K224.2K-1.1K0.00119.93N/AN/A8902,6621,256
2025-02-14$5.51$6.0055.2%15.8%178.8%5.7%48.2%15.7%29.2%5.5K210.9K-1.1K0.66113.20N/AN/A38252,7081,222
2025-02-18$5.82$6.0062.7%18.0%180.1%8.4%72.3%-6.5%-12.4%7.3K174.0K-1.1K0.03106.74N/AN/A14242,6961,250
2025-02-19$5.58$4.0055.6%15.9%179.5%5.8%72.2%-38.2%19.9%2.4K225.7K-9890.08125.68N/AN/A3632,7541,253
2025-02-20$5.61$4.0057.9%16.6%179.4%6.6%210.2%-94.0%-8.0%3.4K234.7K-1.0K0.00122.49N/AN/A6802,7841,253
2025-02-21$5.37$5.0081.0%23.2%179.6%14.9%86.7%-14.8%-49.9%2.8K192.4K-9853.37120.54N/AN/A27912,8191,170
2025-02-24$5.19$5.0077.4%22.2%179.3%13.6%78.2%39.9%-7.3%2.8K-34.2K-9070.11104.80N/AN/A20522819587
2025-02-25$5.07$5.0065.9%18.9%179.0%9.5%90.4%-20.8%-13.7%2.9K-80.2K-1.2K0.27115.19N/AN/A1131,018608
2025-02-26$4.92$5.0074.8%21.4%178.6%12.7%82.7%-18.6%-14.9%2.9K-47.4K-1.0K0.00119.03N/AN/A5701,027610
2025-02-27$4.74$5.0075.0%21.5%178.6%12.7%0.0%13.6%-3.8%2.8K-55.6K-1.1K0.00121.08N/AN/A3501,077610
2025-02-28$4.74$5.00125.9%36.1%178.3%30.9%69.3%199.3%4.4%2.3K-165.6K-1.1K0.00143.54N/AN/A1201,083594