USRT Options History — October 2022

In October 2022, USRT traded between $45.73 and $50.00. ATM implied volatility averaged 35.0%, placing in the 56.3% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 4.6% (HV 20d: 30.4%). Max pain ranged from $49.00 to $53.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.22.

Notable Days

2022-10-21: Highest Volume — 158 contracts
2022-10-28: Largest IV spike — 50.4% change
2022-10-07: Highest IV Rank — 78.9%
2022-10-20: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.56	$45.73	$50.00	$48.37	$49.88
Max Pain	$51.29	$49.00	$53.00	$53.00	$49.00
ATM IV	35.0%	19.4%	44.1%	39.1%	31.9%
Expected Move	9.6%	5.6%	12.3%	11.2%	9.1%
HV 20d	30.4%	28.3%	32.5%	31.3%	28.5%
HV 60d	25.2%	23.7%	26.7%	23.7%	26.7%
IV Rank	56.3%	16.9%	78.9%	66.5%	48.2%
IV Percentile	83.7%	19.8%	98.4%	97.6%	75.8%
Term Structure	-2.3%	-9.5%	16.0%	-2.6%	0.4%
VWIV	33.0%	23.2%	44.7%	44.7%	32.1%
Skew 25d	5.0%	-9.0%	19.4%	19.4%	-1.0%
Skew 10d	13.0%	-8.1%	25.4%	10.9%	19.6%
Call IV 25d	35.9%	26.3%	45.9%	37.0%	37.7%
Put IV 25d	40.8%	30.0%	56.3%	56.3%	36.7%
Bid-Ask Spread %	104.92	99.52	112.78	104.26	103.59
Gamma HHI	0.27	0.18	0.39	0.27	0.19
Net GEX	-1.0K	-6.9K	3.0K	-2.1K	243
Net DEX	58.6K	14.7K	153.0K	54.9K	14.7K
Net VEX	-425	-1.2K	-184	-215	-428
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.22	0.40	3.03	0.63	2.78
Total Volume	85.619	51	158	52	136
Total OI	76.19	53	138	53	70

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-10-03	$48.37	$53.00	39.1%	11.2%	31.3%	66.5%	44.7%	19.4%	-2.6%	-2.1K	54.9K	-215	0.63	104.26	N/A	N/A	32	20	33	20
2022-10-04	$49.06	$53.00	27.6%	7.9%	31.6%	37.5%	30.3%	1.3%	0.7%	-2.1K	47.0K	-236	0.63	108.97	N/A	N/A	32	20	33	20
2022-10-05	$48.40	$53.00	30.1%	8.6%	30.4%	44.0%	44.6%	-5.0%	5.6%	-2.1K	55.0K	-214	0.59	101.34	N/A	N/A	32	19	33	20
2022-10-06	$47.11	$52.00	30.9%	8.8%	31.1%	45.8%	27.9%	11.7%	-2.3%	-2.1K	54.6K	-213	0.56	100.65	N/A	N/A	34	19	33	21
2022-10-07	$45.99	$52.00	44.1%	7.8%	30.3%	78.9%	36.3%	13.9%	2.9%	-1.9K	57.0K	-214	0.56	104.44	N/A	N/A	34	19	34	21
2022-10-10	$45.82	$52.00	40.0%	8.9%	29.7%	68.8%	30.8%	0.3%	-3.7%	-1.8K	58.9K	-205	0.56	101.97	N/A	N/A	34	19	34	21
2022-10-11	$46.27	$52.00	39.8%	10.6%	28.9%	68.2%	27.3%	2.5%	-6.2%	-1.9K	66.0K	-184	0.51	99.52	N/A	N/A	35	18	34	21
2022-10-12	$46.22	$52.00	41.1%	11.8%	29.1%	71.6%	37.0%	6.6%	-4.1%	889	31.8K	-280	0.41	108.24	N/A	N/A	46	19	45	20
2022-10-13	$46.74	$52.00	37.3%	10.7%	28.4%	61.8%	31.2%	0.4%	-9.5%	1.1K	44.6K	-240	0.43	104.80	N/A	N/A	46	20	45	21
2022-10-14	$45.73	$52.00	37.3%	10.7%	28.3%	61.8%	28.7%	8.7%	-5.2%	967	43.5K	-241	0.41	101.64	N/A	N/A	46	19	45	22
2022-10-17	$47.33	$52.00	33.4%	9.6%	32.0%	52.1%	30.6%	12.5%	-5.9%	1.8K	44.3K	-235	0.41	104.08	N/A	N/A	46	19	45	22
2022-10-18	$47.74	$52.00	27.4%	7.9%	32.0%	37.1%	32.0%	-9.0%	-0.8%	2.1K	27.5K	-256	0.40	107.12	N/A	N/A	47	19	45	22
2022-10-19	$46.58	$52.00	37.7%	10.8%	32.5%	62.8%	34.1%	-4.4%	-4.2%	3.0K	36.9K	-238	0.40	104.25	N/A	N/A	47	19	46	22
2022-10-20	$46.58	$52.00	42.9%	12.3%	32.5%	76.0%	37.3%	6.2%	-4.4%	2.2K	32.0K	-254	0.43	108.30	N/A	N/A	47	20	46	22
2022-10-21	$47.02	$52.00	40.3%	11.5%	32.5%	69.4%	32.3%	3.0%	-9.0%	1.9K	38.5K	-229	1.72	104.00	N/A	N/A	58	100	46	23
2022-10-24	$47.15	$49.00	40.6%	11.6%	29.8%	70.3%	35.8%	18.1%	-6.6%	-5.6K	153.0K	-1.2K	3.03	102.46	N/A	N/A	33	100	31	103
2022-10-25	$48.94	$49.00	36.1%	10.4%	31.9%	59.0%	36.0%	12.4%	-8.6%	-6.9K	128.1K	-1.1K	2.78	109.80	N/A	N/A	36	100	32	103
2022-10-26	$48.86	$49.00	29.9%	8.6%	30.7%	43.4%	32.5%	12.3%	0.6%	-4.9K	113.7K	-1.2K	2.78	112.78	N/A	N/A	36	100	35	103
2022-10-27	$48.99	$49.00	19.4%	5.6%	28.5%	16.9%	23.2%	-1.3%	16.0%	-4.5K	110.0K	-1.2K	2.78	103.77	N/A	N/A	36	100	35	103
2022-10-28	$50.00	$49.00	29.1%	8.4%	28.8%	41.4%	29.3%	-3.9%	-1.6%	204	18.2K	-434	2.78	107.42	N/A	N/A	36	100	35	35
2022-10-31	$49.88	$49.00	31.9%	9.1%	28.5%	48.2%	32.1%	-1.0%	0.4%	243	14.7K	-428	2.78	103.59	N/A	N/A	36	100	35	35