TUA Options History — September 2025

In September 2025, TUA traded between $21.77 and $22.23. ATM implied volatility averaged 11.8%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 3.8%. IV traded above realized volatility by 6.0% (HV 20d: 5.8%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.27.

Notable Days

  • 2025-09-18: Highest Volume — 1,045 contracts
  • 2025-09-15: Largest IV spike — 87.1% change
  • 2025-09-03: Highest IV Rank — 23.5%
  • 2025-09-08: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.03$21.77$22.23$21.89$21.89
Max Pain$20.33$19.00$22.00$21.00$22.00
ATM IV11.8%5.4%22.9%13.7%5.4%
Expected Move3.8%1.5%7.0%3.9%1.5%
HV 20d5.8%4.9%6.3%5.7%5.6%
HV 60d8.0%7.8%8.4%8.4%7.8%
IV Rank6.9%0.0%23.5%9.2%0.0%
IV Percentile22.2%0.0%73.4%36.1%0.0%
Term Structure3.6%-9.3%19.5%-1.7%15.8%
VWIV10.7%6.2%23.6%13.7%6.2%
Skew 25d3.7%-22.4%99.4%-4.0%-1.6%
Skew 10d11.9%-16.6%137.4%-6.2%-2.0%
Call IV 25d15.3%8.5%29.6%14.5%8.5%
Put IV 25d19.0%6.1%112.3%10.5%6.9%
Bid-Ask Spread %127.75118.72133.03118.72124.24
Gamma HHI0.700.450.950.730.48
Net GEX633.9K132.7K2.2M546.3K146.0K
Net DEX-3.0M-4.3M-1.2M-3.0M-1.3M
Net VEX-8.4K-10.7K-6.6K-10.7K-7.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.003.850.000.00
Total Volume127.90511,04530423
Total OI4,132.0481,7535,1505,0842,381

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$21.89$21.0013.7%3.9%5.7%9.2%13.7%-4.0%-1.7%546.3K-3.0M-10.7K0.00118.72N/AN/A30403,9811,103
2025-09-03$21.98$21.0022.9%6.6%5.8%23.5%11.8%99.4%10.4%717.0K-3.1M-9.4K0.00119.51N/AN/A10003,9041,103
2025-09-04$22.05$19.0021.6%5.0%5.9%21.5%11.8%-20.9%4.0%899.2K-3.6M-9.4K0.00133.03N/AN/A10703,9281,103
2025-09-05$22.20$19.007.4%4.2%6.3%0.0%0.0%-19.9%-2.0%782.7K-4.3M-9.3K0.00132.42N/AN/A3303,9431,103
2025-09-08$22.23$19.009.5%7.0%6.0%3.2%0.0%-11.6%-7.1%687.4K-4.2M-9.3K0.00132.62N/AN/A203,9171,103
2025-09-09$22.12$19.0010.2%5.9%6.3%4.3%0.0%-5.3%-1.4%644.5K-3.8M-9.5K0.00130.48N/AN/A14503,9171,103
2025-09-10$22.13$19.009.9%2.8%6.3%3.7%0.0%-1.2%5.1%684.1K-3.9M-9.6K0.00125.97N/AN/A104,0471,103
2025-09-11$22.16$19.0017.6%5.1%6.1%15.7%0.0%-20.3%5.5%731.1K-4.0M-9.3K0.00132.26N/AN/A204,0381,103
2025-09-12$22.09$19.008.7%2.5%5.9%1.9%0.0%-19.5%5.1%615.4K-3.7M-9.6K0.00132.92N/AN/A104,0371,103
2025-09-15$22.13$19.0016.3%4.7%5.9%13.6%7.3%0.1%6.4%789.6K-4.0M-8.7K0.00131.75N/AN/A9104,0371,103
2025-09-16$22.19$19.008.6%2.5%5.8%1.8%0.0%-3.7%3.6%844.8K-4.3M-8.0K0.50132.64N/AN/A214,0281,103
2025-09-17$22.13$19.0014.8%4.3%5.9%11.4%23.6%-22.4%-9.3%700.6K-4.0M-8.4K0.00131.61N/AN/A1204,0291,104
2025-09-18$22.06$19.0010.8%3.1%6.1%5.2%7.0%46.8%-6.4%1.4M-3.8M-7.7K0.00127.46N/AN/A1,04054,0311,104
2025-09-19$22.05$22.0014.9%4.3%5.8%11.5%0.0%0.7%4.9%2.2M-3.5M-7.1K0.04130.70N/AN/A5423,6151,109
2025-09-22$21.99$22.009.1%2.6%5.1%2.6%10.2%-0.7%19.5%187.2K-1.5M-6.6K3.85127.93N/AN/A1134351,581172
2025-09-23$22.02$22.0010.5%3.0%4.9%4.8%0.0%-1.5%-3.7%152.2K-1.6M-7.5K0.00123.71N/AN/A0831,677607
2025-09-24$21.95$22.009.1%2.6%5.0%2.6%9.2%69.8%1.9%171.3K-1.4M-6.7K0.00124.68N/AN/A101,652689
2025-09-25$21.77$22.009.3%2.7%5.8%2.8%10.3%-2.9%0.7%132.7K-1.2M-7.5K0.00121.39N/AN/A3901,652689
2025-09-26$21.80$22.0010.4%3.0%5.8%4.6%10.1%-2.2%10.4%153.2K-1.3M-7.7K0.91124.61N/AN/A22201,687689
2025-09-29$21.84$22.006.9%2.0%5.8%0.0%7.7%-1.8%14.5%171.4K-1.3M-6.9K0.04124.11N/AN/A4621,686709
2025-09-30$21.89$22.005.4%1.5%5.6%0.0%6.2%-1.6%15.8%146.0K-1.3M-7.6K0.00124.24N/AN/A2301,671710