SRTS Options History — May 2025

In May 2025, SRTS traded between $4.05 and $4.88. ATM implied volatility averaged 84.8%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 32.9% (HV 20d: 51.9%). Max pain ranged from $3.00 to $5.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.23.

Notable Days

  • 2025-05-19: Highest Volume — 128 contracts
  • 2025-05-14: Largest IV drop — 35.9% change
  • 2025-05-13: Highest IV Rank — 32.1%
  • 2025-05-02: Largest Expected Move — 30.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.58$4.05$4.88$4.29$4.78
Max Pain$3.57$3.00$5.00$5.00$3.00
ATM IV84.8%45.1%124.9%107.5%69.5%
Expected Move20.4%12.9%30.8%30.8%19.9%
HV 20d51.9%46.7%56.8%52.5%51.0%
HV 60d58.6%52.5%102.9%102.9%52.5%
IV Rank17.1%2.2%32.1%24.7%11.7%
IV Percentile48.8%0.8%84.5%77.4%32.1%
Term Structure5.6%-50.6%112.0%-46.9%0.9%
VWIV68.0%48.6%79.0%79.0%62.6%
Skew 25d5.7%-113.6%203.1%48.7%19.5%
Skew 10d25.4%-128.2%279.0%104.5%111.7%
Call IV 25d74.0%42.9%171.4%96.5%57.7%
Put IV 25d79.7%38.3%253.7%145.2%77.3%
Bid-Ask Spread %111.0685.98139.14128.79102.37
Gamma HHI0.300.220.340.320.26
Net GEX436-2661.1K249930
Net DEX-5.9K-69.4K35.7K26.7K-40.2K
Net VEX-926-1.1K-804-945-916
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.001.040.000.00
Total Volume23.857012802
Total OI1,416.9051,3331,5471,3741,450

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$4.29$5.00107.5%30.8%52.5%24.7%0.0%48.7%-46.9%24926.7K-9450.00128.79N/AN/A00764610
2025-05-02$4.28$5.00107.5%30.8%52.3%24.7%0.0%25.1%-50.6%29723.3K-9480.00114.49N/AN/A20764610
2025-05-05$4.05$5.0085.3%19.0%47.0%16.7%0.0%10.8%38.9%10425.8K-9200.00139.14N/AN/A50766610
2025-05-06$4.24$5.00109.3%20.9%50.0%25.4%0.0%-12.5%13.8%8435.7K-8910.00138.45N/AN/A00766610
2025-05-07$4.25$5.00124.9%23.2%49.0%31.0%0.0%1.2%-19.4%559-10.4K-1.0K0.00112.72N/AN/A00768610
2025-05-08$4.42$5.00116.1%19.2%50.4%27.8%79.0%-8.1%-19.9%7435.2K-8730.00108.25N/AN/A30768610
2025-05-09$4.47$3.00116.8%20.7%49.9%28.1%70.1%-5.9%112.0%42415.0K-9331.00106.44N/AN/A11771610
2025-05-12$4.57$3.00110.6%16.9%50.3%28.0%67.7%-19.5%5.4%42818.2K-8940.00124.28N/AN/A130771611
2025-05-13$4.61$3.00121.2%22.0%46.7%32.1%76.9%-4.2%-14.6%20427.2K-8380.38106.32N/AN/A2610784611
2025-05-14$4.82$3.0077.7%22.3%47.9%15.1%77.7%-4.9%-3.4%906-14.0K-9310.05105.01N/AN/A603805621
2025-05-15$4.61$3.0064.1%18.4%50.6%9.7%64.5%13.8%16.8%278-19.4K-9610.84102.04N/AN/A3126863624
2025-05-16$4.45$3.0045.1%12.9%52.1%2.2%48.6%-4.6%75.0%-26616.5K-8041.04123.81N/AN/A4648895652
2025-05-19$4.78$3.0051.9%14.9%56.1%4.9%0.0%203.1%5.3%4413.9K-8490.08110.86N/AN/A11810716617
2025-05-20$4.88$3.0064.7%18.6%54.9%9.9%61.8%1.3%-7.8%686-45.5K-9900.0297.02N/AN/A571828627
2025-05-21$4.78$3.0071.4%20.5%55.5%12.5%71.0%-11.7%-9.8%355-12.8K-9350.00113.24N/AN/A50812627
2025-05-22$4.69$3.0069.2%19.8%55.9%11.6%0.0%-12.7%-1.3%248-11.8K-9050.00104.54N/AN/A010817627
2025-05-23$4.72$3.0061.5%17.6%55.7%8.6%0.0%5.0%20.7%894-69.4K-1.1K0.00112.53N/AN/A00820617
2025-05-27$4.87$3.0066.2%19.0%56.8%10.5%0.0%-4.4%-3.6%761-35.2K-8910.0097.84N/AN/A30820617
2025-05-28$4.82$3.0067.6%19.4%54.7%11.0%67.6%-113.6%10.3%757-36.0K-9060.0085.98N/AN/A200819617
2025-05-29$4.77$3.0073.0%20.9%51.0%13.1%0.0%-6.2%-3.3%1.1K-66.5K-1.0K0.0098.19N/AN/A00833617
2025-05-30$4.78$3.0069.5%19.9%51.0%11.7%62.6%19.5%0.9%930-40.2K-9160.00102.37N/AN/A20833617