USRT Options History — July 2022

In July 2022, USRT traded between $52.70 and $58.42. ATM implied volatility averaged 31.5%, placing in the 48.2% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 8.7% (HV 20d: 22.8%). Max pain ranged from $51.00 to $62.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 4.80.

Notable Days

2022-07-13: Highest Volume — 195 contracts
2022-07-13: Largest IV drop — 52.2% change
2022-07-12: Highest IV Rank — 100.0%
2022-07-18: Largest Expected Move — 11.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.74	$52.70	$58.42	$54.39	$58.42
Max Pain	$60.85	$51.00	$62.00	$51.00	$58.00
ATM IV	31.5%	22.0%	52.4%	31.3%	27.6%
Expected Move	8.1%	6.3%	11.3%	9.0%	7.9%
HV 20d	22.8%	16.0%	32.8%	32.8%	17.6%
HV 60d	28.0%	26.4%	28.5%	28.5%	26.5%
IV Rank	48.2%	23.1%	100.0%	49.8%	37.2%
IV Percentile	81.0%	45.6%	100.0%	86.5%	73.8%
Term Structure	-3.6%	-13.8%	7.3%	-3.8%	-6.8%
VWIV	25.2%	19.1%	35.3%	35.3%	25.9%
Skew 25d	6.4%	-3.5%	17.4%	13.8%	-3.5%
Skew 10d	13.1%	0.4%	28.7%	8.3%	5.6%
Call IV 25d	27.1%	19.6%	34.5%	25.6%	20.7%
Put IV 25d	33.5%	17.2%	42.1%	39.4%	17.2%
Bid-Ask Spread %	113.35	105.25	125.74	116.61	120.50
Gamma HHI	0.22	0.15	0.28	0.22	0.27
Net GEX	-14.4K	-31.9K	-7.4K	-16.7K	-7.4K
Net DEX	276.4K	30.0K	342.3K	298.3K	30.0K
Net VEX	-639	-920	-501	-639	-920
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.80	1.69	5.94	4.73	1.69
Total Volume	160.15	111	195	189	183
Total OI	142.65	116	192	138	192

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
2022-07-01	$54.39	$51.00	31.3%	9.0%	32.8%	49.8%	35.3%	13.8%	-3.8%	-16.7K	298.3K	-639	4.73	116.61	N/A	N/A	33	156	25	113
2022-07-05	$54.06	$62.00	34.9%	7.9%	32.6%	59.4%	26.5%	4.9%	-0.2%	-11.0K	275.3K	-693	4.73	114.17	N/A	N/A	33	156	36	113
2022-07-06	$54.25	$62.00	32.0%	8.0%	32.7%	51.7%	22.5%	7.6%	-4.2%	-9.7K	267.8K	-704	4.73	105.25	N/A	N/A	33	156	36	113
2022-07-07	$54.26	$62.00	37.6%	8.9%	32.2%	66.7%	21.9%	6.1%	-2.2%	-11.5K	264.3K	-695	4.82	107.42	N/A	N/A	33	159	36	113
2022-07-08	$54.04	$62.00	37.3%	7.9%	31.3%	65.7%	25.2%	4.3%	-1.4%	-11.1K	301.2K	-665	4.88	118.95	N/A	N/A	33	161	36	118
2022-07-11	$53.59	$62.00	37.8%	6.8%	30.3%	67.1%	23.2%	9.6%	7.3%	-12.9K	317.4K	-592	4.88	106.30	N/A	N/A	33	161	36	120
2022-07-12	$53.36	$62.00	52.4%	7.6%	29.8%	100.0%	21.9%	7.7%	3.4%	-12.7K	334.6K	-562	4.88	107.52	N/A	N/A	33	161	36	120
2022-07-13	$53.33	$62.00	25.1%	7.2%	20.2%	31.0%	24.2%	5.6%	3.2%	-12.3K	325.1K	-564	4.74	110.09	N/A	N/A	34	161	36	120
2022-07-14	$52.70	$62.00	27.3%	7.8%	20.8%	36.5%	32.1%	17.4%	1.9%	-11.9K	342.3K	-602	4.74	118.33	N/A	N/A	34	161	37	120
2022-07-15	$53.53	$62.00	28.9%	8.3%	19.2%	40.5%	28.9%	2.3%	-6.2%	-10.6K	325.6K	-559	4.74	117.29	N/A	N/A	34	161	37	120
2022-07-18	$53.35	$62.00	39.5%	11.3%	16.5%	67.3%	31.0%	1.7%	-13.8%	-11.9K	318.3K	-559	5.94	125.74	N/A	N/A	16	95	19	97
2022-07-19	$54.85	$61.00	26.2%	7.5%	18.8%	33.7%	22.5%	12.1%	-8.9%	-14.4K	322.8K	-501	5.94	118.08	N/A	N/A	16	95	20	98
2022-07-20	$55.08	$61.00	33.6%	9.6%	18.5%	52.5%	25.2%	9.2%	-12.4%	-14.8K	280.9K	-619	5.94	108.24	N/A	N/A	16	95	20	98
2022-07-21	$54.94	$61.00	28.7%	8.2%	18.5%	40.2%	29.4%	5.1%	-10.2%	-16.4K	280.1K	-606	4.55	114.45	N/A	N/A	22	100	20	98
2022-07-22	$55.33	$61.00	25.1%	7.2%	17.8%	31.0%	19.1%	-1.0%	-2.8%	-17.0K	250.1K	-669	4.55	107.54	N/A	N/A	22	100	26	105
2022-07-25	$55.56	$61.00	25.3%	7.2%	16.3%	31.5%	25.6%	2.4%	-5.5%	-17.4K	271.2K	-657	4.55	111.67	N/A	N/A	22	100	26	105
2022-07-26	$55.74	$61.00	27.7%	7.9%	16.3%	37.5%	19.8%	10.3%	-10.7%	-17.2K	260.7K	-666	4.55	111.74	N/A	N/A	22	100	26	105
2022-07-27	$56.27	$61.00	29.6%	8.5%	16.0%	42.5%	21.7%	8.0%	-3.4%	-20.0K	243.3K	-664	5.18	113.56	N/A	N/A	22	114	26	105
2022-07-28	$57.81	$61.00	22.0%	6.3%	17.7%	23.1%	22.7%	4.3%	3.8%	-31.9K	219.3K	-645	5.23	113.63	N/A	N/A	22	115	26	120
2022-07-29	$58.42	$58.00	27.6%	7.9%	17.6%	37.2%	25.9%	-3.5%	-6.8%	-7.4K	30.0K	-920	1.69	120.50	N/A	N/A	68	115	72	120