SUSA Options History — May 2025

In May 2025, SUSA traded between $115.88 and $123.36. ATM implied volatility averaged 19.6%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 6.5% (HV 20d: 26.1%). 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 15 of 21 days.

Notable Days

  • 2025-05-14: Largest IV drop — 42.9% change
  • 2025-05-12: Highest IV Rank — 37.3%
  • 2025-05-01: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.19$115.88$123.36$115.88$122.10
Max Pain$125.00$125.00$125.00$125.00$125.00
ATM IV19.6%13.9%28.0%23.3%17.0%
Expected Move5.1%4.0%6.7%6.7%4.9%
HV 20d26.1%14.9%51.9%51.9%15.7%
HV 60d33.3%32.8%33.6%32.8%33.4%
IV Rank19.7%7.7%37.3%27.4%14.0%
IV Percentile74.0%42.1%94.0%88.5%68.3%
Term Structure0.4%-2.3%4.1%-2.3%0.9%
Skew 25d3.2%0.2%6.5%4.2%5.1%
Skew 10d4.1%1.3%6.1%5.0%4.4%
Call IV 25d14.0%12.5%17.7%17.7%12.7%
Put IV 25d17.2%14.6%21.9%21.9%17.7%
Bid-Ask Spread %130.52123.87136.62130.40134.14
Gamma HHI1.001.001.001.001.00
Net GEX-704-3.8K0-4420
Net DEX12.5K023.0K22.4K0
Net VEX-2-50-40
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1.1430220

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$115.88$125.0023.3%6.7%51.9%27.4%0.0%4.2%-2.3%-44222.4K-40.00130.40N/AN/A0002
2025-05-02$117.08$125.0020.5%5.9%49.1%21.4%0.0%5.4%0.3%-55022.5K-40.00131.59N/AN/A0002
2025-05-05$116.78$0.0022.1%5.8%45.3%24.9%0.0%4.2%0.3%-29223.0K-20.00126.12N/AN/A0002
2025-05-06$115.95$0.0022.7%6.0%44.2%26.2%0.0%4.0%0.5%-24622.8K-10.00123.87N/AN/A0002
2025-05-07$116.18$0.0024.2%6.0%43.1%29.2%0.0%6.5%0.1%-25622.9K-10.00124.68N/AN/A0002
2025-05-08$117.52$0.0022.2%5.6%29.2%25.1%0.0%4.0%0.7%-38823.0K-20.00124.16N/AN/A0002
2025-05-09$116.92$0.0025.5%5.6%24.6%32.0%0.0%3.2%0.7%-32123.0K-10.00129.63N/AN/A0002
2025-05-12$120.34$0.0028.0%4.8%24.7%37.3%0.0%0.2%0.3%-1.4K22.1K-40.00129.81N/AN/A0002
2025-05-13$121.81$0.0027.4%4.4%24.5%36.0%0.0%2.2%1.2%-2.3K20.5K-50.00131.50N/AN/A0002
2025-05-14$121.35$0.0015.6%4.5%24.3%11.3%0.0%2.1%0.6%-2.0K21.3K-40.00134.79N/AN/A0002
2025-05-15$122.35$0.0015.6%4.5%21.8%11.2%0.0%2.2%0.3%-2.8K20.3K-30.00129.62N/AN/A0002
2025-05-16$123.32$0.0015.4%4.4%21.7%10.8%0.0%1.1%0.4%-3.8K18.1K-10.00131.12N/AN/A0002
2025-05-19$123.36$0.0016.3%4.7%17.0%12.6%0.0%2.1%-0.0%0000.00129.12N/AN/A0000
2025-05-20$122.96$0.0015.2%4.4%15.1%10.5%0.0%3.1%1.0%0000.00135.16N/AN/A0000
2025-05-21$121.45$0.0015.9%4.6%16.3%11.9%0.0%2.6%1.7%0000.00128.43N/AN/A0000
2025-05-22$121.39$0.0017.5%5.0%14.9%15.2%0.0%3.8%-0.1%0000.00133.60N/AN/A0000
2025-05-23$120.44$0.0019.3%5.5%15.5%19.0%0.0%3.3%-0.3%0000.00130.79N/AN/A0000
2025-05-27$122.56$0.0013.9%4.0%16.3%7.7%0.0%2.5%4.1%0000.00132.09N/AN/A0000
2025-05-28$122.05$0.0017.3%5.0%16.5%14.8%0.0%2.1%-1.9%0000.00136.62N/AN/A0000
2025-05-29$122.18$0.0017.4%5.0%16.4%15.0%0.0%3.2%-0.9%0000.00133.59N/AN/A0000
2025-05-30$122.10$0.0017.0%4.9%15.7%14.0%0.0%5.1%0.9%0000.00134.14N/AN/A0000