TUA Options History — March 2025

In March 2025, TUA traded between $21.66 and $22.02. ATM implied volatility averaged 16.1%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 8.3% (HV 20d: 7.8%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.11.

Notable Days

  • 2025-03-05: Highest Volume — 804 contracts
  • 2025-03-14: Largest IV spike — 112.6% change
  • 2025-03-11: Highest IV Rank — 28.1%
  • 2025-03-20: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.83$21.66$22.02$21.91$21.95
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV16.1%10.6%25.1%14.0%11.9%
Expected Move4.1%2.9%6.2%4.0%2.9%
HV 20d7.8%6.8%8.6%6.9%8.5%
HV 60d7.3%7.0%7.6%7.0%7.5%
IV Rank14.3%5.9%28.1%11.1%7.9%
IV Percentile40.8%16.7%65.9%37.7%24.2%
Term Structure-3.8%-15.2%6.2%-3.0%-5.5%
VWIV15.1%12.8%17.0%14.0%16.5%
Skew 25d-2.0%-12.0%6.7%3.8%-3.4%
Skew 10d-9.1%-20.0%5.9%5.9%-3.7%
Call IV 25d20.2%11.1%32.4%13.4%13.1%
Put IV 25d18.3%8.1%29.3%17.2%9.7%
Bid-Ask Spread %117.25101.06134.67103.08126.39
Gamma HHI0.690.470.880.680.53
Net GEX344.1K139.7K732.9K318.2K204.8K
Net DEX-2.1M-3.0M-1.6M-2.1M-1.9M
Net VEX-10.2K-11.8K-9.0K-9.4K-9.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.001.910.240.00
Total Volume85.7143804266
Total OI4,445.7142,0135,6014,9662,109

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$21.91$22.0014.0%4.0%6.9%11.1%14.0%3.8%-3.0%318.2K-2.1M-9.4K0.24103.08N/AN/A2152,7112,255
2025-03-04$21.89$22.0013.0%3.7%6.8%9.6%14.5%3.8%1.7%347.8K-2.1M-9.4K0.00104.35N/AN/A8502,7082,260
2025-03-05$21.79$22.0012.8%3.7%7.1%9.3%12.9%-8.5%-11.5%338.7K-1.6M-9.0K0.00109.35N/AN/A80402,7202,260
2025-03-06$21.87$22.0014.5%4.2%7.1%11.9%14.6%-7.2%-12.8%364.4K-2.4M-11.7K0.00108.00N/AN/A8103,1342,260
2025-03-07$21.80$22.0016.9%4.8%7.1%15.5%17.0%4.1%0.6%336.2K-2.3M-11.6K0.00113.35N/AN/A17003,1372,260
2025-03-10$22.02$22.0015.3%4.4%7.1%13.0%15.3%6.7%-11.0%398.1K-3.0M-11.8K0.12108.70N/AN/A2633,2222,260
2025-03-11$21.91$22.0025.1%4.6%7.5%28.1%16.1%-7.7%-12.8%388.4K-2.8M-11.6K0.00106.68N/AN/A1203,2212,257
2025-03-12$21.79$22.0021.4%4.4%7.9%22.4%0.0%-4.3%-11.1%361.0K-2.4M-11.2K0.00101.06N/AN/A603,2212,257
2025-03-13$21.91$22.0010.6%4.6%7.4%5.9%16.2%2.0%6.2%432.8K-2.6M-11.3K0.00106.01N/AN/A1003,2262,257
2025-03-14$21.73$22.0022.5%4.0%8.1%24.1%12.8%3.2%-3.1%404.6K-2.0M-10.9K0.00110.84N/AN/A14403,2312,257
2025-03-17$21.66$22.0015.1%4.9%8.2%12.7%16.4%-3.4%-1.2%340.6K-1.9M-10.2K0.03116.91N/AN/A3413,3122,257
2025-03-18$21.70$22.0019.4%3.5%8.0%19.3%16.5%-4.7%0.8%383.4K-2.0M-10.4K0.01126.00N/AN/A8413,3442,257
2025-03-19$21.82$22.0020.8%4.2%8.1%21.4%0.0%-5.3%-15.2%495.4K-2.0M-10.1K0.00122.71N/AN/A303,2992,258
2025-03-20$21.89$0.0015.5%6.2%8.2%13.3%0.0%6.2%5.9%498.1K-2.3M-9.9K0.00134.67N/AN/A703,3022,258
2025-03-21$21.91$0.0011.9%3.2%7.8%7.9%0.0%3.1%-0.3%732.9K-2.2M-9.4K0.00131.92N/AN/A17103,3002,258
2025-03-24$21.73$0.0019.4%3.1%8.5%19.3%0.0%-4.7%-1.3%159.4K-1.7M-9.8K0.00128.73N/AN/A4301,95459
2025-03-25$21.79$0.0018.7%4.2%8.3%18.2%0.0%-7.0%0.7%139.7K-1.8M-9.6K0.00127.09N/AN/A1801,97759
2025-03-26$21.69$0.0014.2%4.6%8.4%11.5%0.0%-12.0%-4.8%175.3K-1.6M-9.4K1.91125.98N/AN/A11211,99559
2025-03-27$21.73$0.0011.7%3.0%8.5%7.6%0.0%-7.1%0.9%197.2K-1.7M-9.4K0.00126.06N/AN/A2202,00580
2025-03-28$21.93$0.0013.5%2.9%8.6%10.3%0.0%1.0%-2.4%208.7K-1.8M-9.5K0.00124.47N/AN/A1102,02480
2025-03-31$21.95$0.0011.9%2.9%8.5%7.9%0.0%-3.4%-5.5%204.8K-1.9M-9.5K0.00126.39N/AN/A602,02980