TUA Options History — November 2023

In November 2023, TUA traded between $21.77 and $22.52. ATM implied volatility averaged 15.3%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 3.0% (HV 20d: 12.2%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 5.36.

Notable Days

  • 2023-11-01: Highest Volume — 30,271 contracts
  • 2023-11-16: Largest IV spike — 136.5% change
  • 2023-11-16: Highest IV Rank — 29.7%
  • 2023-11-16: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.08$21.77$22.52$21.96$22.36
Max Pain$21.76$21.00$23.00$22.00$22.00
ATM IV15.3%9.3%28.8%22.4%9.3%
Expected Move4.8%2.7%8.2%6.4%2.7%
HV 20d12.2%10.7%13.7%10.9%13.5%
HV 60d10.3%9.2%11.0%9.2%10.9%
IV Rank7.3%0.0%29.7%13.9%0.0%
IV Percentile7.7%0.0%39.6%18.1%1.3%
Term Structure4.6%-4.1%40.2%-1.1%0.5%
VWIV15.0%9.3%30.8%22.4%10.0%
Skew 25d-0.0%-9.4%8.6%0.5%1.1%
Skew 10d11.3%-23.5%81.0%1.5%2.6%
Call IV 25d15.9%8.7%29.5%29.5%8.7%
Put IV 25d15.8%7.0%30.0%30.0%9.8%
Bid-Ask Spread %112.5154.50130.51130.5175.08
Gamma HHI0.820.700.960.960.89
Net GEX1.7M1.2M2.9M1.5M2.9M
Net DEX-10.4M-25.1M-6.4M-10.6M-11.7M
Net VEX-58.1K-98.6K-44.0K-44.0K-60.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.360.0042.580.000.00
Total Volume1,849.7141130,27130,27143
Total OI20,607.61915,96129,64615,96123,205

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$21.96$22.0022.4%6.4%10.9%13.9%22.4%0.5%-1.1%1.5M-10.6M-44.0K0.00130.51N/AN/A30,2601115,93130
2023-11-02$21.88$21.0020.2%6.7%10.9%10.1%25.1%4.5%40.2%1.7M-25.1M-98.6K3.76117.03N/AN/A16160528,998648
2023-11-03$22.21$21.0016.2%5.7%11.9%2.9%19.1%3.0%-0.1%1.6M-12.6M-61.1K2.53120.54N/AN/A26065816,139283
2023-11-06$22.01$21.0012.9%6.6%10.9%0.0%12.5%3.7%-1.0%1.7M-9.4M-54.1K0.62124.75N/AN/A1036416,159939
2023-11-07$22.05$21.0010.8%6.6%10.7%0.0%22.5%-1.2%0.4%1.8M-9.5M-55.1K1.85126.33N/AN/A28252316,2601,003
2023-11-08$22.02$21.0024.3%7.0%10.7%22.2%23.3%-6.6%2.8%1.3M-11.8M-62.5K0.10123.72N/AN/A10116,5331,524
2023-11-09$21.79$21.0019.3%5.5%11.1%14.0%10.8%8.2%9.0%1.5M-7.0M-50.4K4.34124.80N/AN/A3213916,5401,525
2023-11-10$21.77$21.0020.2%5.8%11.1%15.5%10.3%2.3%6.2%1.4M-6.7M-47.0K42.58121.10N/AN/A1251116,5631,652
2023-11-13$21.80$21.0019.6%5.6%11.0%14.4%9.4%8.6%9.2%1.5M-6.4M-50.0K28.00124.95N/AN/A925216,5762,167
2023-11-14$22.27$21.0021.6%6.2%12.3%17.9%15.4%-9.4%-1.9%1.2M-12.7M-63.0K0.02120.05N/AN/A1,0472316,5852,419
2023-11-15$22.05$21.0012.2%3.5%13.0%2.2%9.6%-3.5%10.9%1.6M-10.0M-58.9K0.51121.19N/AN/A1,05053217,6342,452
2023-11-16$22.21$22.0028.8%8.2%13.1%29.7%0.0%-7.4%-3.3%1.9M-11.4M-63.1K2.65126.03N/AN/A205318,6172,957
2023-11-17$22.09$22.0010.7%3.1%13.1%0.0%10.9%-4.2%6.2%1.4M-11.7M-65.3K1.33101.51N/AN/A25634018,6283,004
2023-11-20$22.07$23.009.7%2.8%13.1%0.0%9.7%-0.3%-1.9%2.2M-6.9M-49.8K21.32120.99N/AN/A1940518,7463,019
2023-11-21$22.13$23.0010.3%2.9%13.0%0.9%0.0%1.2%-4.1%2.0M-8.5M-58.1K0.03123.91N/AN/A66218,7523,423
2023-11-22$22.11$23.009.3%2.7%12.9%0.0%9.3%0.1%2.5%1.7M-7.3M-53.3K0.4957.11N/AN/A31015118,8183,412
2023-11-24$21.99$23.009.3%2.7%13.0%0.0%30.8%-0.5%4.8%1.4M-7.6M-55.5K1.2254.50N/AN/A91119,1083,562
2023-11-27$22.05$23.009.9%2.8%13.0%1.0%9.9%0.8%2.4%1.6M-8.0M-55.2K0.83112.21N/AN/A20417019,1153,573
2023-11-28$22.31$22.0010.8%3.1%13.5%2.4%10.7%0.9%9.3%2.2M-11.4M-60.7K0.32121.16N/AN/A1294119,3603,697
2023-11-29$22.52$22.0012.5%3.6%13.7%5.1%12.5%-2.8%5.3%2.2M-11.5M-54.0K0.06115.19N/AN/A66419,4863,718
2023-11-30$22.36$22.009.3%2.7%13.5%0.0%10.0%1.1%0.5%2.9M-11.7M-60.0K0.0075.08N/AN/A43019,4833,722