SRTS Options History — April 2025

In April 2025, SRTS traded between $4.29 and $4.96. ATM implied volatility averaged 121.9%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 37.1%. IV traded above realized volatility by 66.1% (HV 20d: 55.7%). Max pain ranged from $4.00 to $6.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.43.

Notable Days

  • 2025-04-04: Highest Volume — 386 contracts
  • 2025-04-04: Largest IV spike — 127.2% change
  • 2025-04-04: Highest IV Rank — 70.9%
  • 2025-04-04: Largest Expected Move — 74.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.61$4.29$4.96$4.69$4.29
Max Pain$5.57$4.00$6.00$6.00$5.00
ATM IV121.9%70.7%237.9%77.1%89.1%
Expected Move37.1%19.0%74.3%19.0%25.5%
HV 20d55.7%51.9%59.9%52.3%57.1%
HV 60d110.5%103.0%111.9%109.8%103.3%
IV Rank29.7%11.2%70.9%13.5%18.0%
IV Percentile71.4%33.7%96.4%45.6%65.1%
Term Structure-19.4%-130.9%147.5%-9.5%-9.1%
VWIV106.4%80.5%158.1%158.1%100.9%
Skew 25d-1.7%-108.7%73.5%12.7%31.9%
Skew 10d21.4%-113.8%129.8%28.8%104.7%
Call IV 25d122.9%62.5%267.4%71.8%76.5%
Put IV 25d121.2%64.2%284.2%84.4%108.4%
Bid-Ask Spread %143.9899.66179.99153.60123.65
Gamma HHI0.320.190.600.290.32
Net GEX2.7K2611.4K1.7K208
Net DEX-73.4K-196.5K29.4K-28.2K29.4K
Net VEX-1.0K-1.2K-896-896-940
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.430.0035.000.002.00
Total Volume49.857138683
Total OI1,778.0951,2272,3241,5601,372

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$4.69$6.0077.1%19.0%52.3%13.5%0.0%12.7%-9.5%1.7K-28.2K-8960.00153.60N/AN/A80949611
2025-04-02$4.96$6.0070.7%34.6%54.5%11.2%0.0%30.3%39.8%2.4K-120.3K-1.1K0.00146.17N/AN/A580948611
2025-04-03$4.86$6.00104.7%25.2%51.9%23.3%0.0%8.0%45.7%3.1K-103.9K-1.0K0.00132.01N/AN/A13301,083611
2025-04-04$4.46$6.00237.9%74.3%59.9%70.9%0.0%73.5%-80.1%2.7K-111.5K-1.0K0.00179.99N/AN/A38601,184611
2025-04-07$4.38$6.00138.5%60.3%56.8%35.4%0.0%-29.9%-109.4%5.2K-132.2K-1.0K2.80177.46N/AN/A10281,555598
2025-04-08$4.49$6.00177.0%62.3%57.2%49.2%0.0%-104.3%-130.9%5.6K-148.8K-1.1K0.00179.99N/AN/A4301,555626
2025-04-09$4.60$6.00169.7%48.7%56.9%46.5%0.0%44.9%-72.2%6.0K-179.7K-1.1K0.00166.87N/AN/A301,594626
2025-04-10$4.49$6.00169.4%48.6%56.6%47.2%0.0%-108.7%-78.7%5.7K-196.5K-1.2K0.00169.17N/AN/A1101,597626
2025-04-11$4.55$6.00173.5%49.7%55.5%48.7%0.0%28.9%-58.2%7.3K-130.8K-1.0K35.00158.99N/AN/A1351,594621
2025-04-14$4.79$6.00176.3%50.5%54.8%49.7%0.0%16.9%-102.0%11.4K-161.8K-1.0K0.00168.34N/AN/A201,595656
2025-04-15$4.63$6.00149.4%42.8%55.6%39.9%0.0%21.5%-51.1%746-92.4K-9212.50162.59N/AN/A12301,593656
2025-04-16$4.65$6.0093.3%26.7%55.6%19.6%158.1%-43.7%37.6%262-13.2K-9060.00156.82N/AN/A0431,595686
2025-04-17$4.65$4.00137.1%39.3%55.6%35.5%132.6%25.6%24.3%389-40.2K-1.0K5.47152.28N/AN/A17931,595729
2025-04-21$4.46$6.0088.7%25.4%57.5%17.9%100.4%7.4%147.5%26-5.4K-1.1K0.7999.66N/AN/A1915633594
2025-04-22$4.64$5.0085.0%24.4%59.1%16.6%87.5%-13.5%17.6%237-20.8K-1.1K0.00129.91N/AN/A870656609
2025-04-23$4.64$5.0098.4%28.2%58.2%21.4%98.5%4.4%-28.6%788-33.4K-1.1K0.00101.39N/AN/A10742609
2025-04-24$4.63$5.0071.8%20.6%53.7%11.8%0.0%-3.9%-5.1%924-34.0K-1.1K0.00116.41N/AN/A30748609
2025-04-25$4.70$5.0072.4%20.8%53.4%12.0%80.5%-7.0%27.1%862-20.2K-1.1K0.00132.84N/AN/A20745609
2025-04-28$4.71$5.0078.3%22.4%53.4%14.1%92.6%-4.4%17.6%637-4.1K-1.0K0.00112.25N/AN/A20745609
2025-04-29$4.52$5.00100.9%28.9%54.7%22.3%100.9%-26.1%-29.4%4536.8K-9850.00103.12N/AN/A20746609
2025-04-30$4.29$5.0089.1%25.5%57.1%18.0%0.0%31.9%-9.1%20829.4K-9402.00123.65N/AN/A12763609