TUA Options History — January 2024

In January 2024, TUA traded between $22.71 and $23.34. ATM implied volatility averaged 24.5%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 13.9% (HV 20d: 10.7%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 13.56.

Notable Days

  • 2024-01-03: Highest Volume — 3,041 contracts
  • 2024-01-10: Largest IV spike — 150.9% change
  • 2024-01-22: Highest IV Rank — 51.0%
  • 2024-01-22: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.90$22.71$23.34$22.96$22.94
Max Pain$22.14$22.00$23.00$22.00$23.00
ATM IV24.5%9.6%40.9%15.1%19.5%
Expected Move8.0%4.3%11.7%4.3%5.6%
HV 20d10.7%8.9%13.6%13.6%9.8%
HV 60d12.5%12.2%12.9%12.9%12.6%
IV Rank24.6%0.5%51.0%9.4%16.5%
IV Percentile39.5%1.6%87.5%10.6%24.6%
Term Structure-10.7%-30.0%16.7%16.7%-11.7%
VWIV19.2%7.2%47.0%15.5%47.0%
Skew 25d-6.3%-17.8%4.8%-9.9%-4.6%
Skew 10d-9.8%-41.4%2.8%-16.6%-41.4%
Call IV 25d21.1%13.1%39.5%23.6%16.1%
Put IV 25d14.8%7.9%31.6%13.8%11.4%
Bid-Ask Spread %140.76130.01148.26134.04141.61
Gamma HHI0.740.490.910.840.49
Net GEX3.9M214.7K9.0M4.7M214.7K
Net DEX-14.7M-30.8M-3.7M-23.3M-4.0M
Net VEX-25.3K-53.6K-10.7K-53.6K-12.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio13.560.00139.670.010.10
Total Volume233.85703,041032
Total OI15,550.194,75624,28824,2885,452

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$22.96$22.0015.1%4.3%13.6%9.4%0.0%-9.9%16.7%4.7M-23.3M-53.6K0.00134.04N/AN/A0022,4421,846
2024-01-03$22.98$22.0015.6%4.5%13.2%10.1%15.5%-17.8%16.0%5.0M-23.3M-53.3K0.01135.28N/AN/A3,0212022,4421,846
2024-01-04$22.84$22.0012.2%9.2%13.2%4.7%0.0%-0.4%-17.5%5.2M-18.9M-41.4K1.54141.05N/AN/A7411419,5581,856
2024-01-05$22.80$22.0012.5%9.3%13.2%5.1%13.3%-9.5%-16.8%5.7M-18.6M-41.0K3.00139.79N/AN/A51519,5541,954
2024-01-08$22.88$22.009.6%9.6%13.2%0.5%0.0%-3.8%-16.9%9.0M-22.0M-37.0K7.67146.16N/AN/A32319,5591,969
2024-01-09$22.88$22.0014.1%6.9%12.0%7.7%14.6%-10.1%-18.8%5.6M-18.5M-35.4K1.82145.87N/AN/A224019,5591,992
2024-01-10$22.88$22.0035.4%10.1%12.0%42.1%0.0%-7.8%-16.5%6.7M-16.9M-33.7K0.00148.26N/AN/A0019,5812,072
2024-01-11$23.11$22.0034.8%10.0%12.4%41.2%11.0%1.9%-14.1%5.1M-25.6M-32.0K1.33144.14N/AN/A7510019,5812,072
2024-01-12$23.34$22.0038.1%10.9%8.9%46.5%0.0%4.8%-18.5%4.7M-30.8M-27.2K0.00145.42N/AN/A14019,5842,172
2024-01-16$23.19$22.0025.7%7.4%8.9%26.4%15.6%-3.8%-21.3%5.2M-27.6M-23.6K0.03140.65N/AN/A58219,5802,172
2024-01-17$22.91$22.0038.3%11.0%9.6%46.8%0.0%-8.9%-25.4%7.3M-18.3M-22.5K0.68141.50N/AN/A745019,6092,173
2024-01-18$22.89$22.0026.7%7.7%9.6%28.1%0.0%-4.7%2.4%6.8M-19.0M-19.3K0.00138.93N/AN/A2019,6042,126
2024-01-19$22.77$22.0027.2%7.8%9.7%28.9%7.2%-5.0%2.6%8.0M-13.5M-10.7K139.67130.01N/AN/A341919,6042,126
2024-01-22$22.81$22.0040.9%11.7%9.1%51.0%0.0%-9.8%-25.9%289.2K-3.7M-13.2K2.67144.22N/AN/A15403,991765
2024-01-23$22.84$22.0029.4%8.4%9.1%32.4%0.0%-1.0%-3.4%304.4K-4.1M-13.0K0.15136.60N/AN/A2643,995805
2024-01-24$22.77$22.0029.4%8.4%9.1%32.5%39.7%-8.8%-4.8%301.7K-3.9M-12.2K0.00145.09N/AN/A0133,991809
2024-01-25$22.91$22.0030.6%8.8%9.1%34.4%0.0%-9.2%-2.7%308.6K-4.3M-11.7K2.33142.70N/AN/A15353,991821
2024-01-26$22.73$22.0026.7%7.7%9.2%28.1%8.8%-7.8%-30.0%291.1K-3.9M-12.3K24.60139.28N/AN/A102463,997856
2024-01-29$22.82$23.0015.3%4.4%9.3%9.7%0.0%-9.0%-4.9%242.6K-3.9M-12.7K56.00136.60N/AN/A42244,0071,098
2024-01-30$22.71$23.0018.1%5.2%9.4%14.2%47.0%-8.1%-14.2%234.2K-3.7M-12.7K2.42138.72N/AN/A33804,0211,322
2024-01-31$22.94$23.0019.5%5.6%9.8%16.5%0.0%-4.6%-11.7%214.7K-4.0M-12.6K0.10141.61N/AN/A2934,0501,402