TUA Options History — July 2023

In July 2023, TUA traded between $22.38 and $23.27. ATM implied volatility averaged 33.6%. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 21.4% (HV 20d: 12.2%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.21.

Notable Days

  • 2023-07-14: Highest Volume — 12 contracts
  • 2023-07-19: Largest IV spike — 80.9% change
  • 2023-07-24: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.71$22.38$23.27$22.56$22.46
Max Pain$23.00$23.00$23.00$23.00$23.00
ATM IV33.6%18.8%60.0%28.1%32.5%
Expected Move8.7%5.4%11.9%8.1%9.3%
HV 20d12.2%10.7%13.9%10.8%11.1%
HV 60d13.0%11.9%13.7%13.2%11.9%
Term Structure-1.4%-17.6%9.9%9.9%-2.6%
VWIV24.8%21.4%26.0%26.0%26.0%
Skew 25d0.1%-15.8%16.2%-2.3%-0.6%
Skew 10d-1.4%-12.7%13.2%1.8%-4.4%
Call IV 25d27.7%19.9%45.3%30.6%28.8%
Put IV 25d27.9%20.2%43.7%28.2%28.2%
Bid-Ask Spread %129.79124.16141.70126.33129.14
Gamma HHI0.450.390.510.480.39
Net GEX10.1K7.7K12.4K9.2K9.8K
Net DEX-81.1K-108.4K-50.7K-87.2K-63.2K
Net VEX-677-759-561-713-605
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.001.670.000.00
Total Volume4.2501211
Total OI237.6215271215271

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$22.56$0.0028.1%8.1%10.8%0.0%0.0%-2.3%9.9%9.2K-87.2K-7130.00126.33N/AN/A0119916
2023-07-05$22.52$0.0033.9%9.7%10.7%0.0%0.0%8.8%-1.5%7.7K-50.7K-5610.00127.84N/AN/A01019917
2023-07-06$22.39$23.0047.8%9.3%10.7%0.0%0.0%16.2%-2.9%8.5K-64.1K-6250.00133.89N/AN/A8019917
2023-07-07$22.52$23.0039.7%8.4%11.1%0.0%26.0%0.1%-6.1%10.4K-93.2K-7400.00128.98N/AN/A0220417
2023-07-10$22.69$23.0060.0%8.2%11.4%0.0%0.0%12.8%-3.6%10.5K-88.0K-7010.00127.62N/AN/A2020415
2023-07-11$22.63$23.0033.7%7.6%11.3%0.0%0.0%4.4%3.5%9.4K-87.8K-7010.00124.16N/AN/A0020615
2023-07-12$22.99$23.0026.2%7.5%12.9%0.0%0.0%-2.1%8.1%10.7K-86.6K-6950.00128.42N/AN/A10020615
2023-07-13$23.27$23.0032.9%9.4%13.3%0.0%0.0%-2.5%-6.7%12.0K-102.1K-7370.00130.00N/AN/A3020615
2023-07-14$22.96$23.0031.9%9.1%13.9%0.0%0.0%2.5%-7.1%12.4K-108.4K-7590.00128.38N/AN/A12020615
2023-07-17$22.99$23.0023.1%6.6%13.4%0.0%25.6%2.2%9.8%11.5K-94.2K-7101.67124.93N/AN/A3521815
2023-07-18$22.95$23.0018.8%5.4%13.2%0.0%0.0%3.5%5.2%10.9K-91.8K-7240.00125.20N/AN/A0022120
2023-07-19$22.95$23.0033.9%9.7%13.1%0.0%0.0%2.1%-2.1%10.9K-75.9K-6650.00127.14N/AN/A0022120
2023-07-20$22.82$23.0033.6%9.6%13.2%0.0%0.0%-14.9%-0.5%9.7K-91.3K-7190.00140.46N/AN/A10022120
2023-07-21$22.79$23.0034.2%9.8%12.9%0.0%0.0%-15.8%0.2%10.1K-97.5K-7360.00141.70N/AN/A2023120
2023-07-24$22.64$23.0041.5%11.9%12.9%0.0%0.0%-13.7%-17.6%9.8K-85.6K-6870.00140.85N/AN/A0023520
2023-07-25$22.61$23.0025.1%7.2%12.9%0.0%0.0%1.3%9.1%9.8K-69.3K-6020.00125.94N/AN/A0323520
2023-07-26$22.59$23.0037.7%10.8%12.0%0.0%21.4%-10.6%-17.5%9.8K-69.6K-6460.40129.97N/AN/A5223523
2023-07-27$22.38$23.0030.0%8.6%12.2%0.0%0.0%5.3%-7.5%8.6K-61.5K-6200.00127.45N/AN/A5024025
2023-07-28$22.45$23.0028.1%8.0%11.1%0.0%26.0%6.4%2.5%9.8K-54.5K-5880.00127.46N/AN/A0124525
2023-07-31$22.46$23.0032.5%9.3%11.1%0.0%0.0%-0.6%-2.6%9.8K-63.2K-6050.00129.14N/AN/A0124526