SUSA Options History — March 2025

In March 2025, SUSA traded between $113.18 and $120.19. ATM implied volatility averaged 20.2%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.6% (HV 20d: 17.6%). Max pain ranged from $125.00 to $125.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2025-03-13: Highest Volume — 2 contracts
  • 2025-03-10: Largest IV spike — 46.2% change
  • 2025-03-10: Highest IV Rank — 98.5%
  • 2025-03-10: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.65$113.18$120.19$119.85$114.91
Max Pain$125.00$125.00$125.00$125.00$125.00
ATM IV20.2%16.4%30.9%20.4%19.3%
Expected Move6.0%4.5%8.9%5.9%5.5%
HV 20d17.6%11.6%22.2%11.6%22.2%
HV 60d15.1%13.3%16.3%13.3%16.3%
IV Rank47.3%29.6%98.5%48.7%43.3%
IV Percentile88.5%77.8%99.2%91.7%86.9%
Term Structure-1.1%-5.2%1.1%1.1%0.3%
Skew 25d5.4%-0.1%11.3%6.6%3.6%
Skew 10d5.3%-1.2%11.4%10.2%2.2%
Call IV 25d13.8%11.1%16.2%14.3%15.1%
Put IV 25d19.3%14.8%24.8%20.9%18.7%
Bid-Ask Spread %127.47114.70141.93130.80116.13
Gamma HHI1.001.001.001.001.00
Net GEX-898-1.4K-466-1.2K-557
Net DEX19.4K14.7K21.6K14.7K21.6K
Net VEX-23-41-9-41-10
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0950200
Total OI22222

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$119.85$0.0020.4%5.9%11.6%48.7%0.0%6.6%1.1%-1.2K14.7K-410.00130.80N/AN/A0002
2025-03-04$119.59$0.0019.6%5.6%11.6%44.4%0.0%4.4%-1.7%-1.4K17.5K-360.00128.87N/AN/A0002
2025-03-05$120.19$0.0020.7%5.9%11.7%50.0%0.0%8.7%-0.2%-1.3K16.4K-390.00127.20N/AN/A0002
2025-03-06$117.84$0.0024.2%6.9%13.1%66.4%0.0%7.7%-1.4%-1.0K18.2K-320.00122.61N/AN/A0002
2025-03-07$118.53$0.0021.1%6.1%13.5%51.9%0.0%11.3%-0.6%-1.1K17.7K-340.00125.56N/AN/A0002
2025-03-10$115.41$0.0030.9%8.9%15.9%98.5%0.0%9.8%-1.9%-77019.2K-250.00118.13N/AN/A0002
2025-03-11$115.01$0.0023.0%8.4%15.5%61.0%0.0%11.3%-0.6%-71720.0K-200.00129.85N/AN/A0002
2025-03-12$115.11$0.0022.0%7.4%15.5%56.1%0.0%4.9%-1.2%-72220.1K-200.00137.03N/AN/A0002
2025-03-13$113.18$0.0022.3%8.3%16.2%57.7%0.0%4.0%-1.7%-55420.3K-170.00136.40N/AN/A0202
2025-03-14$115.37$0.0019.9%7.3%17.5%45.8%0.0%7.5%-0.2%-75619.7K-220.00141.93N/AN/A0002
2025-03-17$117.24$125.0018.4%5.1%18.9%39.1%0.0%3.1%-0.8%-96819.3K-240.00131.22N/AN/A0002
2025-03-18$115.33$125.0019.8%5.4%19.3%45.5%0.0%8.6%-1.3%-77619.9K-200.00125.30N/AN/A0002
2025-03-19$116.85$125.0018.5%5.1%20.1%39.4%0.0%6.9%-0.6%-96219.3K-250.00123.83N/AN/A0002
2025-03-20$116.11$125.0017.7%5.0%20.1%35.7%0.0%3.1%-0.4%-84820.2K-200.00126.39N/AN/A0002
2025-03-21$115.49$125.0018.2%5.1%19.6%38.0%0.0%3.5%-0.2%-74720.6K-180.00127.25N/AN/A0002
2025-03-24$118.02$125.0016.6%4.6%21.5%30.3%0.0%2.6%-0.4%-1.1K19.8K-220.00127.85N/AN/A0002
2025-03-25$118.09$125.0016.4%4.5%21.5%29.6%0.0%3.1%-0.8%-1.2K19.6K-210.00139.18N/AN/A0002
2025-03-26$116.81$125.0017.3%4.5%21.6%33.6%0.0%0.3%-4.4%-88520.8K-170.00121.07N/AN/A0002
2025-03-27$116.67$125.0017.5%4.7%21.1%34.6%0.0%2.8%-1.3%-82321.2K-150.00125.49N/AN/A0002
2025-03-28$114.00$125.0019.6%5.3%22.2%44.6%0.0%-0.1%-5.2%-46621.6K-90.00114.70N/AN/A0002
2025-03-31$114.91$125.0019.3%5.5%22.2%43.3%0.0%3.6%0.3%-55721.6K-100.00116.13N/AN/A0002