TUA Options History — May 2023

In May 2023, TUA traded between $23.77 and $25.85. ATM implied volatility averaged 32.9%. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 18.1% (HV 20d: 14.8%). Max pain ranged from $23.00 to $26.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.14.

Notable Days

  • 2023-05-17: Highest Volume — 12 contracts
  • 2023-05-02: Largest IV spike — 93.5% change
  • 2023-05-30: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.89$23.77$25.85$24.98$24.19
Max Pain$23.30$23.00$26.00$26.00$23.00
ATM IV32.9%18.4%44.2%18.4%36.5%
Expected Move9.1%5.3%12.7%5.3%10.5%
HV 20d14.8%13.3%16.4%16.4%13.5%
Term Structure-7.6%-25.6%23.7%8.9%-21.0%
VWIV21.0%15.7%26.3%15.7%26.3%
Skew 25d1.0%-12.2%13.6%4.8%-10.4%
Skew 10d0.9%-8.6%15.1%1.5%-8.6%
Call IV 25d24.5%15.1%32.2%21.1%32.2%
Put IV 25d25.6%19.7%33.7%26.0%21.8%
Bid-Ask Spread %130.91123.89136.08127.43131.85
Gamma HHI0.520.470.610.600.49
Net GEX10.2K7.8K12.1K7.8K12.1K
Net DEX-159.3K-191.0K-129.7K-129.7K-158.6K
Net VEX-866-1.0K-690-691-981
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.001.400.000.00
Total Volume3.54501200
Total OI155.864114194114193

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$24.98$0.0018.4%5.3%0.0%0.0%0.0%4.8%8.9%7.8K-129.7K-6910.00127.43N/AN/A001104
2023-05-02$25.32$0.0035.6%10.2%0.0%0.0%15.7%13.6%-23.2%8.3K-142.8K-6940.00135.11N/AN/A101104
2023-05-03$25.58$26.0024.5%7.0%0.0%0.0%0.0%0.8%23.7%9.6K-155.4K-6900.00132.07N/AN/A001114
2023-05-04$25.85$0.0042.3%6.0%0.0%0.0%0.0%-2.1%4.6%7.8K-164.8K-6920.00136.08N/AN/A1001114
2023-05-05$25.48$0.0037.2%9.8%0.0%0.0%0.0%-0.4%-13.5%9.6K-165.0K-7520.00133.16N/AN/A001214
2023-05-08$25.27$0.0039.3%8.8%16.4%0.0%0.0%-0.3%-3.7%8.8K-147.8K-7370.00135.97N/AN/A1001214
2023-05-09$25.21$0.0020.1%8.9%15.9%0.0%0.0%-0.3%-4.3%9.1K-156.9K-8100.00130.88N/AN/A1001314
2023-05-10$25.46$0.0031.2%8.9%15.8%0.0%0.0%-0.4%-1.9%10.3K-175.9K-8630.00135.23N/AN/A1001414
2023-05-11$25.50$0.0024.6%7.1%15.3%0.0%0.0%2.1%0.8%11.7K-191.0K-9240.00133.88N/AN/A001514
2023-05-12$25.29$0.0021.7%6.2%15.3%0.0%0.0%6.5%1.0%11.2K-180.8K-9170.00134.29N/AN/A001514
2023-05-15$25.27$0.0022.3%6.4%14.9%0.0%0.0%9.7%1.7%11.2K-183.2K-9100.00123.89N/AN/A001514
2023-05-16$25.09$0.0034.5%9.9%15.1%0.0%0.0%8.6%-8.6%10.9K-172.9K-8980.00124.61N/AN/A001514
2023-05-17$24.93$0.0035.1%10.1%15.1%0.0%26.3%2.9%-13.8%10.4K-158.3K-8741.40125.48N/AN/A571514
2023-05-18$24.68$23.0035.9%10.3%15.1%0.0%0.0%2.6%0.8%9.9K-145.0K-8810.00129.13N/AN/A11015611
2023-05-19$24.57$23.0033.8%9.7%15.1%0.0%0.0%-8.1%-25.6%11.0K-153.3K-9380.00134.77N/AN/A0016711
2023-05-22$24.54$23.0023.5%6.7%15.0%0.0%0.0%13.1%-3.3%10.9K-152.3K-9220.00132.23N/AN/A10016611
2023-05-23$24.46$23.0040.4%11.6%13.3%0.0%0.0%-6.8%-13.0%10.0K-175.2K-1.0K0.00131.25N/AN/A1017611
2023-05-24$24.32$23.0039.3%11.3%13.3%0.0%0.0%-5.9%-17.2%11.3K-160.0K-9810.00130.49N/AN/A0017711
2023-05-25$23.84$23.0040.5%11.6%14.0%0.0%0.0%4.6%-15.0%10.6K-139.8K-9440.00124.10N/AN/A0017811
2023-05-26$23.77$23.0042.1%12.1%13.7%0.0%0.0%0.7%-22.1%10.6K-141.9K-9610.00125.94N/AN/A3018311
2023-05-30$24.00$23.0044.2%12.7%14.2%0.0%0.0%-12.2%-22.8%10.8K-153.3K-9770.00132.19N/AN/A0018211
2023-05-31$24.19$23.0036.5%10.5%13.5%0.0%0.0%-10.4%-21.0%12.1K-158.6K-9810.00131.85N/AN/A0018211