SUSA Options History — February 2023

In February 2023, SUSA traded between $85.41 and $89.66. ATM implied volatility averaged 20.1%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 4.0% (HV 20d: 16.1%). Max pain ranged from $68.00 to $89.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-02-24: Highest Volume — 3 contracts
  • 2023-02-24: Largest IV spike — 28.8% change
  • 2023-02-24: Highest IV Rank — 26.9%
  • 2023-02-24: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.75$85.41$89.66$89.05$85.66
Max Pain$74.25$68.00$89.00$68.00$70.00
ATM IV20.1%16.6%24.8%16.6%24.5%
Expected Move5.7%4.7%7.1%4.7%7.0%
HV 20d16.1%14.9%17.2%16.3%16.5%
HV 60d19.2%17.3%22.2%22.2%17.3%
IV Rank15.8%7.2%26.9%7.2%26.2%
IV Percentile18.9%2.4%49.6%2.4%47.6%
Term Structure-1.2%-6.0%4.2%-0.2%-6.0%
VWIV22.0%18.6%25.4%18.6%25.4%
Skew 25d4.5%-0.7%10.6%5.2%9.1%
Skew 10d5.6%-1.0%14.8%1.5%8.3%
Call IV 25d15.2%11.9%20.1%13.2%14.9%
Put IV 25d19.7%15.4%25.9%18.4%24.0%
Bid-Ask Spread %122.62109.64129.36126.71125.99
Gamma HHI0.470.370.600.410.45
Net GEX3.7K3.0K4.4K3.3K3.7K
Net DEX-34.9K-44.0K-25.9K-32.0K-27.3K
Net VEX-137-156-118-119-124
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.3680300
Total OI15.8428201712

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$89.05$68.0016.6%4.7%16.3%7.2%0.0%5.2%-0.2%3.3K-32.0K-1190.00126.71N/AN/A00710
2023-02-02$89.66$0.0018.1%5.0%16.3%10.9%0.0%9.9%-2.6%3.0K-36.6K-1180.00115.35N/AN/A20710
2023-02-03$88.87$0.0019.0%5.4%16.6%13.0%0.0%3.7%-1.7%3.8K-44.0K-1560.00120.96N/AN/A00910
2023-02-06$88.30$0.0022.0%5.6%15.1%20.3%0.0%2.2%-0.4%3.9K-38.6K-1510.00123.20N/AN/A00910
2023-02-07$89.33$0.0019.9%5.1%15.4%15.2%0.0%-0.7%2.4%3.9K-42.1K-1530.00118.61N/AN/A00910
2023-02-08$88.44$0.0016.8%4.8%16.1%7.8%0.0%2.4%4.2%3.8K-40.5K-1520.00127.08N/AN/A00910
2023-02-09$87.70$0.0018.7%5.4%16.1%12.3%0.0%0.5%0.0%3.8K-38.9K-1500.00124.30N/AN/A00910
2023-02-10$87.74$0.0023.9%6.9%16.1%24.8%0.0%6.5%-3.6%3.6K-35.8K-1470.00109.64N/AN/A00910
2023-02-13$88.77$0.0022.1%6.3%16.4%20.5%0.0%7.5%-2.4%3.8K-39.8K-1460.00114.67N/AN/A00910
2023-02-14$89.06$0.0017.8%5.1%16.4%10.2%0.0%3.2%0.6%4.4K-41.8K-1440.00126.40N/AN/A00910
2023-02-15$89.05$0.0017.1%4.9%15.3%8.5%0.0%3.2%1.5%4.2K-41.5K-1430.00129.17N/AN/A00910
2023-02-16$88.31$0.0019.6%5.6%15.3%14.5%0.0%2.7%-5.3%4.3K-40.6K-1410.00125.27N/AN/A01910
2023-02-17$87.80$0.0020.4%5.8%14.9%16.4%0.0%9.7%-1.9%3.9K-28.5K-1390.00119.82N/AN/A00911
2023-02-21$86.11$0.0019.1%5.5%16.0%13.3%0.0%1.1%2.1%3.1K-26.6K-1260.00129.36N/AN/A0080
2023-02-22$85.53$0.0021.8%6.2%16.1%19.7%0.0%5.3%-0.8%3.0K-26.4K-1230.00124.60N/AN/A0080
2023-02-23$86.63$0.0019.2%5.5%16.8%13.6%18.6%3.0%-2.9%3.5K-27.0K-1250.00123.88N/AN/A1080
2023-02-24$85.41$89.0024.8%7.1%17.2%26.9%25.4%10.6%-3.7%3.4K-25.9K-1250.00119.21N/AN/A0390
2023-02-27$85.81$70.0021.2%6.1%17.0%18.3%0.0%0.9%-1.6%3.5K-29.0K-1300.00125.63N/AN/A0093
2023-02-28$85.66$70.0024.5%7.0%16.5%26.2%0.0%9.1%-6.0%3.7K-27.3K-1240.00125.99N/AN/A0093