SUSA Options History — December 2025

In December 2025, SUSA traded between $137.31 and $141.31. ATM implied volatility averaged 14.5%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.2% (HV 20d: 12.3%). Max pain ranged from $132.00 to $132.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 12 of 22 days.

Notable Days

  • 2025-12-10: Largest IV drop — 28.6% change
  • 2025-12-09: Highest IV Rank — 18.7%
  • 2025-12-01: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.04$137.31$141.31$139.18$139.72
Max Pain$132.00$132.00$132.00$132.00$132.00
ATM IV14.5%12.4%19.2%16.0%14.1%
Expected Move4.0%3.6%4.6%4.6%4.0%
HV 20d12.3%9.0%15.5%15.5%9.3%
HV 60d12.4%12.2%12.7%12.3%12.7%
IV Rank8.9%4.6%18.7%12.2%8.1%
IV Percentile31.7%6.3%76.2%52.8%28.6%
Term Structure0.1%-2.3%1.8%-1.4%-1.7%
Skew 25d3.0%1.3%5.8%1.9%2.0%
Skew 10d5.7%2.0%8.7%7.8%6.1%
Call IV 25d10.9%7.6%13.9%13.9%11.4%
Put IV 25d14.0%12.7%16.7%15.8%13.4%
Bid-Ask Spread %152.31140.21162.61151.92159.07
Gamma HHI0.550.221.000.221.00
Net GEX996-1.4K3.0K3.0K1.2K
Net DEX-34.6K-71.4K5.8K-58.7K-7.7K
Net VEX-36-69-21-69-21
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI4.1821771

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$139.18$132.0016.0%4.6%15.5%12.2%0.0%1.9%-1.4%3.0K-58.7K-690.00151.92N/AN/A0061
2025-12-02$139.84$132.0015.8%4.5%15.5%11.6%0.0%4.3%-1.3%2.5K-61.9K-630.00157.10N/AN/A0061
2025-12-03$140.34$132.0016.0%4.6%15.2%12.1%0.0%4.6%-1.0%1.9K-64.7K-570.00154.72N/AN/A0061
2025-12-04$140.02$0.0016.1%4.0%15.1%12.3%0.0%1.8%1.3%2.3K-63.5K-580.00147.59N/AN/A0061
2025-12-05$140.61$0.0015.9%3.7%14.5%11.8%0.0%2.4%1.1%1.8K-66.3K-510.00148.21N/AN/A0061
2025-12-08$140.09$0.0018.0%4.1%14.5%16.3%0.0%2.7%-0.0%2.1K-65.8K-460.00144.74N/AN/A0061
2025-12-09$140.13$0.0019.2%3.9%13.2%18.7%0.0%2.3%1.2%2.2K-65.1K-470.00148.33N/AN/A0061
2025-12-10$141.25$0.0013.7%3.9%13.5%7.2%0.0%1.3%1.3%-139-71.0K-360.00140.21N/AN/A0061
2025-12-11$141.30$0.0012.9%3.7%13.5%5.6%0.0%1.6%1.8%-237-71.4K-340.00146.36N/AN/A0061
2025-12-12$139.64$0.0012.8%3.7%12.6%5.5%0.0%3.4%0.9%1.3K-66.0K-370.00143.66N/AN/A0061
2025-12-15$139.39$0.0013.1%3.7%12.6%5.9%0.0%2.1%0.8%1.2K-65.1K-330.00149.78N/AN/A0061
2025-12-16$138.99$0.0013.9%4.0%11.5%7.6%0.0%2.9%0.5%-1.1K3.3K-280.00150.30N/AN/A0011
2025-12-17$137.31$0.0014.6%4.2%12.4%9.1%0.0%1.5%-2.3%-2275.8K-250.00144.13N/AN/A0011
2025-12-18$138.57$0.0013.6%3.9%12.7%7.0%0.0%3.2%-0.1%-9664.6K-250.00149.59N/AN/A0011
2025-12-19$139.31$0.0013.1%3.8%11.3%6.0%0.0%3.4%1.1%-1.4K3.2K-240.00153.95N/AN/A0011
2025-12-22$140.30$0.0013.1%3.8%10.9%6.0%0.0%3.5%0.3%1.0K-7.8K-220.00158.82N/AN/A0010
2025-12-23$140.81$0.0012.4%3.6%9.9%4.6%0.0%4.7%1.5%1.1K-7.9K-220.00160.09N/AN/A0010
2025-12-24$141.26$0.0012.8%3.7%9.4%5.4%0.0%5.8%0.9%1.1K-8.4K-220.00158.66N/AN/A0010
2025-12-26$141.31$0.0013.6%3.9%9.0%7.1%0.0%3.8%-1.7%1.1K-8.9K-210.00160.64N/AN/A0010
2025-12-29$140.83$0.0014.0%4.0%9.1%7.8%0.0%3.6%-0.4%1.1K-8.3K-210.00160.40N/AN/A0010
2025-12-30$140.62$0.0014.2%4.1%9.1%8.3%0.0%3.5%-1.1%1.1K-8.4K-210.00162.61N/AN/A0010
2025-12-31$139.72$0.0014.1%4.0%9.3%8.1%0.0%2.0%-1.7%1.2K-7.7K-210.00159.07N/AN/A0010