USMC Options History — April 2025

In April 2025, USMC traded between $50.37 and $57.33. ATM implied volatility averaged 26.5%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 17.4% (HV 20d: 43.9%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-04-23: Highest Volume — 30 contracts
2025-04-03: Largest IV spike — 51.6% change
2025-04-04: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.64	$50.37	$57.33	$56.84	$56.50
Max Pain	$55.00	$55.00	$55.00	$55.00	$55.00
ATM IV	26.5%	17.6%	52.9%	17.8%	20.4%
Expected Move	6.8%	4.6%	9.8%	4.6%	5.8%
HV 20d	43.9%	24.3%	52.0%	24.3%	51.1%
HV 60d	28.5%	17.7%	33.0%	17.7%	33.0%
IV Rank	39.2%	14.1%	100.0%	22.9%	20.9%
IV Percentile	88.8%	69.0%	100.0%	77.8%	83.7%
Term Structure	-1.1%	-4.8%	3.1%	-0.9%	0.9%
VWIV	24.8%	24.8%	24.8%	24.8%	24.8%
Skew 25d	5.4%	-2.3%	13.5%	4.1%	7.3%
Skew 10d	3.8%	0.8%	11.1%	2.7%	2.1%
Call IV 25d	18.0%	11.3%	28.2%	15.0%	15.9%
Put IV 25d	23.4%	14.7%	33.9%	19.1%	23.3%
Bid-Ask Spread %	137.48	126.40	156.43	138.65	134.84
Gamma HHI	0.62	0.34	1.00	1.00	0.90
Net GEX	-2.9K	-17.2K	580	293	-12.6K
Net DEX	8.4K	-6.3K	61.1K	510	42.1K
Net VEX	-57	-179	-19	-35	-144
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1.524	0	30	0	0
Total OI	10.19	3	33	3	33

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-04-01	$56.84	$0.00	17.8%	4.6%	24.3%	22.9%	0.0%	4.1%	-0.9%	293	510	-35	138.65	N/A	N/A	0	0	2	1
2025-04-02	$57.33	$0.00	18.8%	4.6%	24.4%	26.5%	0.0%	3.4%	-0.5%	314	302	-36	139.77	N/A	N/A	0	0	2	1
2025-04-03	$54.87	$0.00	28.5%	6.0%	27.6%	63.3%	0.0%	2.0%	-1.8%	192	1.5K	-31	156.43	N/A	N/A	0	0	2	1
2025-04-04	$52.30	$0.00	39.7%	8.3%	31.9%	100.0%	0.0%	7.1%	-1.9%	115	2.3K	-25	145.89	N/A	N/A	1	0	2	1
2025-04-07	$51.25	$0.00	51.8%	9.2%	30.9%	100.0%	0.0%	9.6%	-4.8%	261	979	-28	146.26	N/A	N/A	0	1	3	1
2025-04-08	$50.37	$0.00	52.9%	9.8%	31.1%	100.0%	0.0%	-0.6%	-4.5%	311	-3.3K	-21	129.47	N/A	N/A	0	0	3	0
2025-04-09	$55.39	$0.00	26.0%	7.4%	47.3%	34.5%	0.0%	13.5%	0.8%	516	-5.8K	-28	155.98	N/A	N/A	0	0	3	0
2025-04-10	$53.39	$0.00	31.6%	9.1%	48.7%	48.2%	0.0%	8.8%	-2.8%	427	-4.8K	-26	129.46	N/A	N/A	0	0	3	0
2025-04-11	$54.83	$0.00	28.9%	8.3%	49.1%	41.6%	0.0%	11.6%	2.5%	446	-5.8K	-29	149.75	N/A	N/A	0	0	3	0
2025-04-14	$55.41	$0.00	23.3%	6.7%	49.1%	27.9%	0.0%	6.6%	3.1%	523	-6.3K	-28	143.39	N/A	N/A	0	0	3	0
2025-04-15	$55.20	$0.00	20.7%	5.9%	48.8%	21.6%	0.0%	5.0%	1.7%	580	-5.9K	-25	131.86	N/A	N/A	0	0	3	0
2025-04-16	$53.60	$0.00	22.6%	6.5%	49.2%	26.2%	0.0%	5.1%	-3.0%	482	-4.6K	-24	143.21	N/A	N/A	0	0	3	0
2025-04-17	$53.82	$0.00	23.3%	6.7%	49.3%	27.8%	0.0%	5.4%	-4.1%	493	-4.6K	-23	133.09	N/A	N/A	0	0	3	0
2025-04-21	$52.25	$0.00	26.6%	7.6%	50.2%	36.0%	0.0%	3.1%	-1.2%	424	-3.2K	-19	127.31	N/A	N/A	0	0	3	0
2025-04-22	$53.81	$0.00	23.5%	6.7%	50.8%	28.5%	0.0%	4.5%	-3.7%	505	-4.1K	-21	127.26	N/A	N/A	0	0	3	0
2025-04-23	$54.69	$0.00	24.7%	7.1%	51.3%	31.4%	24.8%	-2.3%	-1.3%	565	-5.4K	-22	126.40	N/A	N/A	0	30	3	0
2025-04-24	$55.85	$55.00	18.6%	5.3%	51.9%	16.4%	0.0%	3.9%	0.1%	-13.9K	61.1K	-179	131.94	N/A	N/A	0	0	3	30
2025-04-25	$56.34	$55.00	19.2%	5.5%	52.0%	18.0%	0.0%	4.7%	0.0%	-12.4K	47.4K	-169	131.22	N/A	N/A	0	0	3	30
2025-04-28	$56.52	$55.00	17.6%	5.0%	51.1%	14.1%	0.0%	1.7%	-0.5%	-17.2K	36.1K	-135	129.32	N/A	N/A	0	0	3	30
2025-04-29	$56.80	$55.00	19.3%	5.5%	51.1%	18.3%	0.0%	8.4%	-1.3%	-10.9K	37.0K	-142	135.55	N/A	N/A	0	0	3	30
2025-04-30	$56.50	$55.00	20.4%	5.8%	51.1%	20.9%	0.0%	7.3%	0.9%	-12.6K	42.1K	-144	134.84	N/A	N/A	0	0	3	30