TUA Options History — May 2025

In May 2025, TUA traded between $21.52 and $22.26. ATM implied volatility averaged 13.4%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 3.2%. IV traded above realized volatility by 2.8% (HV 20d: 10.6%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2025-05-05: Highest Volume — 2,327 contracts
  • 2025-05-14: Largest IV drop — 56.2% change
  • 2025-05-07: Highest IV Rank — 22.5%
  • 2025-05-01: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.78$21.52$22.26$22.26$21.77
Max Pain$21.90$21.00$22.00$21.00$22.00
ATM IV13.4%7.7%21.5%16.0%7.7%
Expected Move3.2%2.2%4.6%4.6%2.2%
HV 20d10.6%8.3%15.4%15.4%8.3%
HV 60d11.1%10.8%11.3%10.8%11.1%
IV Rank9.5%0.4%22.5%14.2%0.4%
IV Percentile26.3%0.4%57.1%43.3%0.4%
Term Structure0.1%-4.5%5.1%-0.8%-0.1%
VWIV13.6%7.6%20.2%14.6%7.6%
Skew 25d-5.9%-18.6%0.5%-12.3%-1.4%
Skew 10d-3.0%-27.7%32.4%-20.9%-4.3%
Call IV 25d14.3%8.5%30.6%26.8%8.5%
Put IV 25d8.4%5.2%14.4%14.4%7.2%
Bid-Ask Spread %105.9698.11113.45112.0499.46
Gamma HHI0.400.330.660.360.66
Net GEX515.1K247.7K794.8K700.7K528.9K
Net DEX-4.0M-7.9M-1.1M-7.9M-2.0M
Net VEX-24.5K-29.2K-19.0K-29.2K-19.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.0012.410.000.51
Total Volume345.905172,327370110
Total OI10,042.5249,22811,38010,0149,308

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$22.26$21.0016.0%4.6%15.4%14.2%0.0%-12.3%-0.8%700.7K-7.9M-29.2K0.00112.04N/AN/A37007,6262,388
2025-05-02$22.01$21.0014.4%4.1%13.9%11.7%14.6%-18.6%-1.4%708.9K-6.7M-27.9K0.04105.71N/AN/A15167,3832,388
2025-05-05$21.98$22.0014.4%4.1%13.8%11.8%14.4%-5.0%-2.1%699.4K-6.9M-27.0K0.81109.37N/AN/A1,2851,0427,4782,393
2025-05-06$22.09$22.0017.5%3.4%13.9%16.5%12.9%0.5%1.5%790.1K-7.0M-26.5K0.02107.63N/AN/A18437,5732,393
2025-05-07$22.09$22.0021.5%3.4%13.5%22.5%14.3%-0.4%1.7%768.4K-7.2M-27.0K1.33107.56N/AN/A1051407,5362,390
2025-05-08$21.88$22.0015.3%3.6%11.0%12.1%11.0%-7.1%3.0%667.8K-5.9M-27.3K0.02109.93N/AN/A10127,5412,530
2025-05-09$21.89$22.0015.4%3.2%10.6%12.3%12.6%-0.9%1.3%794.8K-5.9M-26.1K12.41106.76N/AN/A718817,6122,570
2025-05-12$21.66$22.0020.1%2.5%10.3%19.5%9.1%-5.7%5.1%510.7K-3.9M-26.3K0.04111.26N/AN/A7837,7823,491
2025-05-13$21.59$22.0021.3%2.9%9.6%21.4%11.1%-8.0%0.8%577.5K-4.4M-27.9K0.00102.09N/AN/A1,03947,7843,488
2025-05-14$21.52$22.009.3%2.7%9.6%2.9%18.7%-5.3%3.8%326.7K-2.7M-21.5K0.00106.33N/AN/A4107,7673,486
2025-05-15$21.70$22.0010.9%3.1%9.8%5.3%15.0%-7.6%2.7%489.0K-3.7M-27.7K0.00113.45N/AN/A23907,7853,483
2025-05-16$21.66$22.0010.8%3.1%9.8%5.3%10.9%-7.0%-1.3%473.2K-4.5M-27.3K0.39109.00N/AN/A195767,8973,483
2025-05-19$21.70$22.008.3%2.4%9.8%1.4%13.9%-4.1%4.3%323.5K-2.1M-22.5K0.00107.99N/AN/A10106,8732,693
2025-05-20$21.71$22.0011.4%3.3%9.7%6.1%15.9%-7.4%-4.5%426.7K-2.4M-24.0K0.01106.79N/AN/A15516,9002,693
2025-05-21$21.63$22.0011.8%3.4%9.6%6.7%17.4%-6.4%-4.2%358.8K-1.9M-23.0K0.00108.86N/AN/A7406,9362,694
2025-05-22$21.66$22.0011.8%3.4%9.3%6.7%20.2%-7.5%-4.1%358.4K-2.1M-23.3K0.00102.70N/AN/A40606,8742,694
2025-05-23$21.69$22.0011.7%3.3%9.3%6.5%0.0%-7.1%-2.2%347.7K-2.0M-21.9K0.00102.47N/AN/A17506,5892,694
2025-05-27$21.63$22.0011.1%3.2%8.7%5.6%0.0%-3.7%0.3%381.8K-1.8M-20.4K0.0098.11N/AN/A7106,5362,694
2025-05-28$21.55$22.0010.3%3.0%8.6%4.5%13.5%-5.5%-0.5%247.7K-1.1M-19.3K0.0099.07N/AN/A1706,5342,694
2025-05-29$21.66$22.0011.1%3.2%8.6%5.6%11.1%-4.4%-0.5%336.2K-1.7M-19.5K0.9798.54N/AN/A70686,5462,694
2025-05-30$21.77$22.007.7%2.2%8.3%0.4%7.6%-1.4%-0.1%528.9K-2.0M-19.0K0.5199.46N/AN/A73376,5802,728