USRT Options History — February 2022

In February 2022, USRT traded between $59.56 and $63.46. ATM implied volatility averaged 24.6%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 6.3% (HV 20d: 18.3%). Max pain ranged from $59.00 to $61.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.48.

Notable Days

2022-02-10: Highest Volume — 50 contracts
2022-02-10: Largest IV spike — 42.5% change
2022-02-08: Highest IV Rank — 62.8%
2022-02-23: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.48	$59.56	$63.46	$62.70	$60.75
Max Pain	$59.31	$59.00	$61.00	$61.00	$59.00
ATM IV	24.6%	17.2%	27.9%	24.2%	25.1%
Expected Move	6.8%	4.9%	8.0%	6.9%	7.2%
HV 20d	18.3%	15.4%	21.1%	16.2%	21.1%
HV 60d	17.7%	16.6%	18.5%	16.6%	18.5%
IV Rank	50.6%	23.6%	62.8%	49.3%	52.6%
IV Percentile	81.8%	24.2%	92.5%	85.8%	85.0%
Term Structure	-1.3%	-4.2%	1.1%	-3.1%	-2.5%
VWIV	25.5%	18.8%	32.9%	24.1%	32.9%
Skew 25d	5.0%	-0.1%	14.6%	3.3%	14.6%
Skew 10d	5.8%	0.7%	20.1%	2.0%	15.5%
Call IV 25d	20.6%	16.2%	27.5%	27.0%	20.0%
Put IV 25d	25.7%	19.6%	34.7%	30.2%	34.7%
Bid-Ask Spread %	122.18	112.84	133.21	127.77	118.87
Gamma HHI	0.25	0.14	0.38	0.25	0.15
Net GEX	1.7K	-1.1K	3.8K	2.4K	-750
Net DEX	1.8K	-19.7K	16.5K	-13.0K	11.9K
Net VEX	-196	-214	-171	-214	-202
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.37	0.68	0.37	0.68
Total Volume	45.579	37	50	48	37
Total OI	22.368	20	27	22	20

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$62.70	$61.00	24.2%	6.9%	16.2%	49.3%	24.1%	3.3%	-3.1%	2.4K	-13.0K	-214	0.37	127.77	N/A	N/A	35	13	13	9
2022-02-02	$63.46	$61.00	24.8%	7.1%	16.8%	51.3%	22.8%	5.6%	-4.2%	2.9K	-19.7K	-202	0.37	129.99	N/A	N/A	35	13	13	9
2022-02-03	$62.76	$0.00	22.8%	5.7%	15.6%	44.2%	0.0%	3.0%	0.4%	3.2K	-12.2K	-207	0.37	126.58	N/A	N/A	35	13	13	9
2022-02-04	$62.32	$0.00	23.7%	5.8%	15.6%	47.5%	0.0%	3.3%	0.6%	3.0K	-7.5K	-202	0.37	117.31	N/A	N/A	35	13	13	9
2022-02-07	$61.91	$0.00	25.6%	5.9%	15.6%	54.4%	0.0%	4.2%	-0.2%	3.0K	-4.5K	-193	0.37	125.61	N/A	N/A	35	13	13	9
2022-02-08	$61.64	$0.00	27.9%	6.3%	15.4%	62.8%	0.0%	8.5%	-0.8%	2.6K	-2.5K	-189	0.37	120.30	N/A	N/A	35	13	13	9
2022-02-09	$62.94	$0.00	17.2%	4.9%	17.3%	23.6%	0.0%	1.7%	1.1%	3.8K	-13.5K	-182	0.37	125.85	N/A	N/A	35	13	13	9
2022-02-10	$61.28	$0.00	24.5%	7.0%	19.4%	50.3%	28.2%	10.9%	-1.4%	3.4K	-2.5K	-180	0.43	115.00	N/A	N/A	35	15	13	9
2022-02-11	$61.01	$59.00	27.3%	7.8%	19.3%	60.5%	18.8%	-0.1%	-2.0%	1.9K	7.4K	-191	0.43	133.21	N/A	N/A	35	15	13	11
2022-02-14	$60.65	$59.00	24.6%	7.1%	19.3%	50.7%	23.2%	4.4%	-0.9%	1.4K	7.6K	-186	0.43	125.43	N/A	N/A	35	15	13	11
2022-02-15	$61.02	$59.00	23.4%	6.7%	19.3%	46.5%	23.3%	3.5%	-0.8%	2.1K	7.9K	-180	0.43	121.11	N/A	N/A	35	15	13	11
2022-02-16	$61.54	$59.00	21.8%	6.2%	19.6%	40.4%	26.6%	10.3%	-0.9%	2.5K	7.8K	-171	0.43	118.19	N/A	N/A	35	15	13	11
2022-02-17	$61.11	$59.00	23.9%	6.8%	19.2%	48.1%	23.3%	3.5%	-1.4%	2.6K	3.5K	-207	0.45	123.04	N/A	N/A	33	15	15	11
2022-02-18	$60.84	$59.00	24.1%	6.9%	19.1%	48.8%	27.3%	4.7%	-1.0%	1.4K	8.9K	-213	0.47	121.05	N/A	N/A	32	15	16	11
2022-02-22	$60.40	$59.00	26.9%	7.7%	19.0%	59.0%	25.1%	3.3%	-2.0%	-851	14.9K	-203	0.68	122.41	N/A	N/A	22	15	9	11
2022-02-23	$59.56	$59.00	27.9%	8.0%	19.2%	62.8%	26.3%	9.4%	0.1%	-773	16.5K	-200	0.68	118.25	N/A	N/A	22	15	9	11
2022-02-24	$60.43	$59.00	26.1%	7.5%	19.2%	56.2%	28.4%	1.6%	-2.4%	-1.1K	14.2K	-197	0.68	118.58	N/A	N/A	22	15	9	11
2022-02-25	$61.85	$59.00	25.2%	7.2%	20.6%	52.8%	26.5%	-0.1%	-3.6%	-855	8.1K	-206	0.68	112.84	N/A	N/A	22	15	9	11
2022-02-28	$60.75	$59.00	25.1%	7.2%	21.1%	52.6%	32.9%	14.6%	-2.5%	-750	11.9K	-202	0.68	118.87	N/A	N/A	22	15	9	11