USRT Options History — April 2022

In April 2022, USRT traded between $62.48 and $67.13. ATM implied volatility averaged 25.2%, placing in the 41.5% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 6.3% (HV 20d: 18.9%). Max pain ranged from $64.00 to $65.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 3.85.

Notable Days

2022-04-29: Highest Volume — 145 contracts
2022-04-13: Largest IV drop — 59.2% change
2022-04-11: Highest IV Rank — 100.0%
2022-04-27: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$65.11	$62.48	$67.13	$65.74	$62.48
Max Pain	$64.45	$64.00	$65.00	$65.00	$65.00
ATM IV	25.2%	17.6%	50.0%	18.8%	25.7%
Expected Move	6.4%	5.1%	7.7%	5.1%	7.4%
HV 20d	18.9%	16.7%	22.9%	19.6%	22.9%
HV 60d	19.4%	19.0%	21.4%	19.1%	21.4%
IV Rank	41.5%	17.6%	100.0%	29.6%	38.2%
IV Percentile	68.8%	27.9%	100.0%	46.2%	82.9%
Term Structure	-0.3%	-4.7%	5.8%	-3.3%	1.2%
VWIV	23.6%	17.7%	34.6%	19.8%	27.0%
Skew 25d	7.2%	-1.3%	12.4%	10.7%	-1.3%
Skew 10d	5.7%	-7.1%	14.2%	0.4%	-7.1%
Call IV 25d	17.7%	11.1%	27.4%	15.0%	27.4%
Put IV 25d	24.9%	17.4%	29.8%	25.7%	26.1%
Bid-Ask Spread %	112.00	101.96	120.18	110.04	120.18
Gamma HHI	0.21	0.17	0.29	0.24	0.20
Net GEX	-3.0K	-12.0K	11.2K	-957	-10.1K
Net DEX	47.0K	-33.4K	130.0K	-7.3K	130.0K
Net VEX	-990	-1.1K	-665	-762	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.85	2.14	5.59	2.77	5.59
Total Volume	110.2	10	145	98	145
Total OI	114.05	95	122	95	122

Daily Data (20 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
2022-04-01	$65.74	$65.00	18.8%	5.1%	19.6%	29.6%	19.8%	10.7%	-3.3%	-957	-7.3K	-762	2.77	110.04	N/A	N/A	26	72	23	72
2022-04-04	$65.27	$65.00	23.2%	5.2%	19.1%	45.6%	19.4%	1.9%	2.7%	628	14.4K	-909	2.77	118.84	N/A	N/A	26	72	25	72
2022-04-05	$64.95	$65.00	22.5%	6.2%	19.0%	43.2%	20.3%	7.8%	1.3%	2.4K	20.3K	-955	2.77	112.95	N/A	N/A	26	72	26	72
2022-04-06	$65.56	$65.00	24.7%	5.9%	18.0%	51.2%	19.8%	6.3%	1.6%	11.2K	14.2K	-907	2.77	119.18	N/A	N/A	26	72	26	72
2022-04-07	$65.39	$65.00	17.6%	6.2%	17.7%	25.1%	21.6%	9.4%	-3.7%	8.3K	9.8K	-883	3.58	108.81	N/A	N/A	26	93	26	72
2022-04-08	$65.30	$65.00	28.0%	6.5%	17.5%	63.0%	23.7%	8.2%	-0.2%	-2.3K	58.3K	-1.1K	3.58	106.34	N/A	N/A	26	93	25	94
2022-04-11	$64.46	$65.00	44.4%	7.1%	17.8%	100.0%	24.3%	3.1%	-0.4%	951	88.2K	-1.1K	4.23	111.00	N/A	N/A	22	93	25	94
2022-04-12	$64.32	$64.00	50.0%	7.4%	17.8%	100.0%	25.8%	7.0%	-2.4%	-3.0K	91.4K	-1.1K	4.09	109.64	N/A	N/A	23	94	25	94
2022-04-13	$65.05	$64.00	20.4%	5.8%	18.0%	24.6%	25.8%	7.5%	0.5%	-5.2K	62.0K	-1.1K	4.09	115.61	N/A	N/A	23	94	26	95
2022-04-14	$64.85	$64.00	23.9%	6.8%	17.5%	33.4%	25.9%	10.2%	-3.1%	2.8K	66.5K	-1.1K	2.14	112.65	N/A	N/A	44	94	26	95
2022-04-18	$64.34	$64.00	24.1%	6.9%	17.7%	34.2%	24.3%	11.9%	4.4%	-7.7K	83.1K	-1.1K	4.43	111.09	N/A	N/A	21	93	23	94
2022-04-19	$66.02	$64.00	17.6%	5.1%	19.3%	17.6%	18.9%	9.8%	0.5%	-5.7K	14.3K	-859	4.43	101.96	N/A	N/A	21	93	24	94
2022-04-20	$67.13	$64.00	19.5%	5.6%	19.9%	22.4%	17.7%	10.5%	-3.3%	-7.9K	-33.4K	-665	4.23	113.07	N/A	N/A	22	93	24	94
2022-04-21	$66.71	$64.00	21.9%	6.3%	19.7%	28.3%	24.4%	0.5%	-1.0%	-3.1K	1.4K	-989	4.23	108.62	N/A	N/A	22	93	25	94
2022-04-22	$65.77	$64.00	25.6%	7.3%	20.5%	37.9%	25.9%	5.4%	-1.5%	-5.4K	38.2K	-1.0K	4.27	108.01	N/A	N/A	22	94	25	95
2022-04-25	$65.27	$64.00	25.0%	7.2%	20.3%	36.3%	24.5%	12.4%	-4.7%	-7.9K	53.5K	-988	4.27	107.65	N/A	N/A	22	94	25	95
2022-04-26	$64.43	$64.00	20.3%	5.8%	20.7%	24.2%	22.5%	6.3%	5.8%	-6.7K	69.5K	-1.1K	4.27	112.39	N/A	N/A	22	94	25	95
2022-04-27	$64.07	$64.00	26.7%	7.7%	16.7%	40.8%	34.6%	11.1%	-0.6%	-7.6K	97.3K	-1.1K	0.00	117.33	N/A	N/A	0	10	25	95
2022-04-28	$65.15	$65.00	24.2%	6.9%	17.5%	34.4%	25.2%	5.8%	-0.3%	-12.0K	68.6K	-966	4.73	114.67	N/A	N/A	22	104	25	97
2022-04-29	$62.48	$65.00	25.7%	7.4%	22.9%	38.2%	27.0%	-1.3%	1.2%	-10.1K	130.0K	-1.1K	5.59	120.18	N/A	N/A	22	123	25	97