SUSA Options History — September 2021

In September 2021, SUSA traded between $96.30 and $101.98. ATM implied volatility averaged 15.4%. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 5.1% (HV 20d: 10.3%). Max pain ranged from $99.00 to $99.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2021-09-20: Highest Volume — 30 contracts
  • 2021-09-15: Largest IV spike — 58.8% change
  • 2021-09-28: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.74$96.30$101.98$101.58$96.30
Max Pain$99.00$99.00$99.00$99.00$99.00
ATM IV15.4%9.8%25.7%13.6%20.6%
Expected Move4.4%2.8%7.4%3.9%5.9%
HV 20d10.3%7.8%14.1%7.9%14.1%
HV 60d10.8%10.0%12.5%10.1%12.5%
Term Structure-0.3%-7.2%4.0%-1.6%-7.2%
Skew 25d6.8%1.7%11.4%3.7%3.9%
Skew 10d7.0%1.6%17.7%3.7%6.9%
Call IV 25d11.4%6.8%28.8%11.0%15.8%
Put IV 25d18.2%13.4%30.5%14.7%19.7%
Bid-Ask Spread %137.27125.25152.10134.47150.73
Gamma HHI0.270.160.480.330.21
Net GEX15.7K4.5K35.8K16.0K4.5K
Net DEX-211.3K-292.9K-115.4K-230.5K-115.4K
Net VEX-729-930-489-530-836
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.14303000
Total OI47.23836573657

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-09-01$101.58$99.0013.6%3.9%7.9%0.0%0.0%3.7%-1.6%16.0K-230.5K-5300.00134.47N/AN/A00342
2021-09-02$101.70$0.009.8%2.8%7.8%0.0%0.0%6.1%1.8%16.4K-234.6K-4950.00130.24N/AN/A20342
2021-09-03$101.98$0.0013.5%3.7%7.8%0.0%0.0%6.3%-0.9%15.8K-238.9K-4890.00128.79N/AN/A00342
2021-09-07$101.29$0.0014.2%4.1%8.4%0.0%0.0%5.8%0.7%19.0K-237.7K-5230.00127.45N/AN/A70362
2021-09-08$101.20$0.0012.0%3.4%8.4%0.0%0.0%8.1%1.0%19.7K-234.8K-5460.00125.25N/AN/A30362
2021-09-09$101.07$0.0010.9%3.1%8.4%0.0%0.0%6.8%2.3%22.3K-281.2K-6860.00133.42N/AN/A00432
2021-09-10$100.36$0.0013.5%3.9%8.8%0.0%0.0%11.4%0.6%23.2K-279.6K-7900.00133.07N/AN/A00462
2021-09-13$100.19$0.0013.3%3.8%8.8%0.0%0.0%4.3%4.0%24.8K-273.2K-7590.00134.46N/AN/A00462
2021-09-14$99.83$0.0013.1%3.8%8.8%0.0%0.0%8.7%1.2%28.5K-268.3K-7550.00130.74N/AN/A00462
2021-09-15$100.85$0.0020.8%6.0%8.9%0.0%0.0%1.7%-6.8%18.3K-278.3K-7540.00150.59N/AN/A00462
2021-09-16$100.62$0.0011.8%3.4%8.7%0.0%0.0%7.8%0.5%28.3K-292.9K-7090.00133.19N/AN/A00462
2021-09-17$99.54$0.0013.7%3.9%9.7%0.0%0.0%5.0%1.6%35.8K-257.9K-7270.00136.49N/AN/A00462
2021-09-20$97.46$0.0021.5%6.2%11.7%0.0%0.0%8.9%-1.7%11.1K-160.4K-7180.00130.66N/AN/A030362
2021-09-21$98.04$0.0020.5%5.9%11.5%0.0%0.0%9.5%-1.5%12.9K-174.5K-7080.00145.41N/AN/A00362
2021-09-22$98.84$0.0014.5%4.2%11.9%0.0%0.0%11.1%0.9%5.4K-138.4K-9100.00133.77N/AN/A003621
2021-09-23$100.06$0.0011.7%3.4%12.7%0.0%0.0%8.7%2.4%4.9K-170.5K-8640.00138.20N/AN/A003621
2021-09-24$99.85$0.0011.8%3.4%12.5%0.0%0.0%8.1%2.6%5.1K-170.4K-8440.00133.29N/AN/A003621
2021-09-27$99.35$0.0016.3%4.7%12.0%0.0%0.0%2.0%0.8%6.8K-159.3K-8590.00152.10N/AN/A203621
2021-09-28$97.22$0.0025.7%7.4%13.9%0.0%0.0%9.3%-4.0%4.7K-118.2K-9300.00151.42N/AN/A003621
2021-09-29$97.24$0.0020.4%5.9%13.9%0.0%0.0%5.4%-2.7%5.2K-122.3K-8860.00149.02N/AN/A103621
2021-09-30$96.30$0.0020.6%5.9%14.1%0.0%0.0%3.9%-7.2%4.5K-115.4K-8360.00150.73N/AN/A003621