TUA Options History — March 2024

In March 2024, TUA traded between $21.70 and $22.30. ATM implied volatility averaged 13.0%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 3.7% (HV 20d: 9.3%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 4.93.

Notable Days

  • 2024-03-11: Highest Volume — 2,000 contracts
  • 2024-03-15: Largest IV spike — 223.6% change
  • 2024-03-15: Highest IV Rank — 49.3%
  • 2024-03-15: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.00$21.70$22.30$22.19$21.87
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV13.0%7.7%39.0%12.4%7.7%
Expected Move3.8%2.2%11.2%3.6%2.2%
HV 20d9.3%8.0%11.9%11.9%8.2%
HV 60d10.5%9.8%11.7%11.7%9.8%
IV Rank7.5%0.0%49.3%5.0%0.1%
IV Percentile12.8%0.0%84.3%11.8%0.4%
Term Structure0.3%-17.8%21.2%16.8%2.1%
VWIV13.6%8.6%30.6%12.8%8.6%
Skew 25d-2.1%-11.7%60.3%60.3%-2.5%
Skew 10d0.6%-15.5%132.2%132.2%-4.2%
Call IV 25d15.7%8.6%42.6%9.9%10.3%
Put IV 25d13.6%6.1%70.2%70.2%7.8%
Bid-Ask Spread %138.82129.69148.12129.69130.12
Gamma HHI0.440.340.610.340.40
Net GEX98.8K-205.1K539.6K27.8K67.0K
Net DEX-960.3K-3.7M3.3M-1.3M-794.5K
Net VEX-11.4K-15.0K-8.2K-14.9K-10.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.930.0050.0032.800.00
Total Volume450.5542,000676620
Total OI6,943.54,7558,4678,4556,205

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$22.19$22.0012.4%3.6%11.9%5.0%12.8%60.3%16.8%27.8K-1.3M-14.9K32.80129.69N/AN/A206564,5423,913
2024-03-04$22.05$22.0014.7%5.7%10.8%8.7%0.0%-7.7%-17.8%87.5K-245.0K-15.0K0.03147.21N/AN/A10534,5523,796
2024-03-05$22.16$22.0016.1%6.0%10.5%11.0%30.6%-9.9%-17.0%109.1K-2.2M-13.1K3.82143.75N/AN/A2619964,6713,796
2024-03-06$22.13$22.0013.4%6.2%10.0%6.5%26.3%0.4%-12.7%395.3K-2.6M-12.5K0.02141.99N/AN/A12334,8363,084
2024-03-07$22.23$22.0018.8%3.8%10.2%15.3%13.4%-6.8%0.1%340.6K-3.1M-12.8K0.14136.69N/AN/A292404,9383,083
2024-03-08$22.30$22.0014.4%2.9%10.3%8.2%0.0%-8.4%2.6%360.9K-3.7M-11.1K0.33143.70N/AN/A624,8483,048
2024-03-11$22.20$22.0014.1%2.9%10.3%7.7%0.0%-9.6%2.1%539.6K-3.6M-9.9K0.00142.44N/AN/A1,99734,8523,048
2024-03-12$22.05$22.007.7%2.7%10.6%0.0%0.0%-11.2%1.2%298.7K-1.5M-9.0K0.01143.96N/AN/A21034,0413,049
2024-03-13$21.96$22.009.0%2.6%8.7%2.2%12.0%-11.7%1.2%314.3K-31.2K-8.9K0.00145.13N/AN/A4504,0063,049
2024-03-14$21.82$22.0012.1%3.5%8.6%6.9%12.2%-10.3%17.4%78.9K1.1M-8.2K2.11134.52N/AN/A3347064,0463,051
2024-03-15$21.73$22.0039.0%11.2%8.6%49.3%0.0%-0.6%-7.1%-43.4K3.3M-13.3K0.00148.12N/AN/A55104,3763,757
2024-03-18$21.70$22.0011.6%3.3%8.3%6.2%11.7%-4.7%1.0%-205.1K92.6K-10.0K0.71137.14N/AN/A3102202,3492,406
2024-03-19$21.80$22.008.9%2.5%8.2%1.9%8.9%-1.9%21.2%-202.7K-594.2K-8.7K0.66137.08N/AN/A3502302,5342,626
2024-03-20$21.98$22.009.9%2.9%8.8%3.6%9.7%-2.0%-1.1%-24.9K-799.9K-10.7K50.00139.19N/AN/A136502,6632,851
2024-03-21$21.93$22.0010.0%2.9%8.5%3.6%10.0%-3.5%-2.1%-167.9K-413.6K-12.3K0.65141.14N/AN/A31202,6703,493
2024-03-22$22.02$22.0011.3%3.2%8.5%5.7%11.3%-2.7%-4.0%-49.4K-189.2K-13.3K2.46139.60N/AN/A13322,6583,483
2024-03-25$21.95$22.009.5%2.7%8.2%2.8%9.5%-2.9%0.9%6.4K-895.5K-11.3K0.00132.15N/AN/A502,6653,513
2024-03-26$21.95$22.008.7%2.5%8.2%1.7%8.6%-2.9%1.9%19.9K-815.3K-10.9K0.00130.64N/AN/A402,6703,513
2024-03-27$21.99$22.0010.0%2.9%8.0%3.7%0.0%-3.0%-0.8%22.6K-1.0M-10.8K0.00132.13N/AN/A15702,6763,513
2024-03-28$21.87$22.007.7%2.2%8.2%0.1%0.0%-2.5%2.1%67.0K-794.5K-10.3K0.00130.12N/AN/A06202,6923,513