SRTS Options History — November 2025

In November 2025, SRTS traded between $3.08 and $4.60. ATM implied volatility averaged 125.6%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 34.7%. IV traded above realized volatility by 36.8% (HV 20d: 88.8%). Max pain ranged from $3.00 to $3.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.34.

Notable Days

2025-11-05: Highest Volume — 1,053 contracts
2025-11-17: Largest IV spike — 156.3% change
2025-11-04: Highest IV Rank — 65.9%
2025-11-04: Largest Expected Move — 67.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.01	$3.08	$4.60	$3.08	$4.12
Max Pain	$3.00	$3.00	$3.00	$3.00	$3.00
ATM IV	125.6%	67.2%	234.4%	150.3%	110.2%
Expected Move	34.7%	19.3%	67.2%	43.1%	31.6%
HV 20d	88.8%	36.0%	101.6%	36.0%	100.8%
HV 60d	59.0%	39.5%	64.9%	39.5%	63.4%
IV Rank	29.3%	9.7%	65.9%	37.6%	24.1%
IV Percentile	75.1%	39.7%	97.6%	88.9%	77.8%
Term Structure	-20.3%	-216.2%	126.5%	-38.7%	-18.7%
VWIV	98.0%	54.2%	192.1%	114.6%	83.7%
Skew 25d	42.6%	-39.7%	126.6%	51.2%	-39.7%
Skew 10d	64.6%	-89.1%	197.2%	162.7%	-43.7%
Call IV 25d	90.5%	46.2%	164.8%	164.8%	129.5%
Put IV 25d	133.1%	66.2%	215.9%	215.9%	89.8%
Bid-Ask Spread %	139.79	114.61	185.42	131.17	138.07
Gamma HHI	0.43	0.31	0.79	0.40	0.38
Net GEX	4.1K	155	11.1K	166	1.6K
Net DEX	-183.1K	-405.0K	-32.0K	-32.0K	-148.3K
Net VEX	-695	-860	-232	-636	-739
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.34	0.00	2.50	0.00	0.09
Total Volume	148.263	0	1,053	0	10
Total OI	2,299.842	1,239	3,135	1,239	1,627

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$3.08	$3.00	150.3%	43.1%	36.0%	37.6%	0.0%	51.2%	-38.7%	166	-32.0K	-636	0.00	131.17	N/A	N/A	0	0	730	509
2025-11-04	$3.51	$3.00	234.4%	67.2%	58.1%	65.9%	114.6%	91.2%	126.5%	155	-86.5K	-716	0.00	148.01	N/A	N/A	155	0	730	509
2025-11-05	$3.69	$3.00	118.8%	34.1%	59.8%	27.0%	192.1%	106.8%	-26.5%	1.1K	-103.5K	-772	0.00	121.50	N/A	N/A	1,053	0	856	509
2025-11-06	$3.47	$3.00	198.0%	36.4%	64.0%	53.6%	141.3%	38.9%	-61.0%	2.9K	-153.3K	-826	0.00	114.61	N/A	N/A	20	0	1,880	509
2025-11-07	$4.20	$3.00	194.9%	35.9%	90.6%	52.6%	0.0%	48.4%	23.6%	3.0K	-198.4K	-670	0.01	161.73	N/A	N/A	130	1	1,871	509
2025-11-10	$4.33	$3.00	95.8%	21.0%	90.4%	19.3%	0.0%	53.2%	14.5%	4.1K	-218.0K	-704	0.00	131.66	N/A	N/A	713	0	1,845	510
2025-11-11	$4.21	$3.00	101.4%	49.9%	91.5%	21.2%	0.0%	-8.2%	-216.2%	6.0K	-236.3K	-770	0.00	185.42	N/A	N/A	12	0	2,372	510
2025-11-12	$4.60	$3.00	67.2%	19.3%	95.0%	9.7%	56.9%	27.9%	10.4%	10.4K	-405.0K	-732	0.07	125.14	N/A	N/A	15	1	2,365	510
2025-11-13	$4.46	$3.00	86.6%	24.8%	95.4%	16.2%	80.4%	0.5%	-9.8%	8.7K	-313.0K	-829	2.50	139.48	N/A	N/A	8	20	2,367	511
2025-11-14	$4.28	$3.00	85.8%	24.6%	96.9%	15.9%	81.4%	30.1%	0.2%	7.8K	-281.1K	-860	0.17	135.94	N/A	N/A	6	1	2,369	531
2025-11-17	$4.00	$3.00	220.0%	63.1%	101.2%	61.0%	0.0%	126.6%	-59.8%	6.8K	-187.1K	-607	0.00	130.06	N/A	N/A	1	0	2,368	531
2025-11-18	$4.03	$3.00	198.1%	56.8%	101.2%	53.7%	0.0%	62.7%	-129.7%	5.1K	-194.6K	-651	0.86	137.19	N/A	N/A	103	89	2,369	531
2025-11-19	$4.02	$3.00	79.8%	22.9%	101.2%	13.9%	54.2%	68.4%	-8.1%	11.1K	-166.9K	-656	0.01	151.64	N/A	N/A	200	1	2,395	620
2025-11-20	$3.92	$3.00	86.5%	24.8%	101.6%	16.2%	77.6%	52.4%	-29.8%	4.7K	-139.7K	-663	0.10	133.68	N/A	N/A	21	2	2,494	620
2025-11-21	$3.99	$3.00	85.8%	24.6%	101.6%	15.9%	0.0%	56.2%	-25.5%	1.3K	-142.8K	-666	2.00	144.44	N/A	N/A	40	80	2,515	620
2025-11-24	$4.04	$3.00	90.1%	25.8%	101.0%	17.4%	0.0%	-13.3%	31.6%	1.0K	-123.9K	-785	0.00	142.33	N/A	N/A	10	0	853	643
2025-11-25	$4.17	$3.00	90.2%	25.9%	100.9%	17.4%	0.0%	60.0%	-20.3%	1.3K	-129.6K	-699	0.00	134.12	N/A	N/A	5	0	859	643
2025-11-26	$4.13	$3.00	92.7%	26.6%	100.8%	18.2%	83.7%	-4.0%	52.5%	1.0K	-219.5K	-232	0.09	149.81	N/A	N/A	110	10	864	643
2025-11-28	$4.12	$3.00	110.2%	31.6%	100.8%	24.1%	0.0%	-39.7%	-18.7%	1.6K	-148.3K	-739	0.00	138.07	N/A	N/A	0	10	974	653