USRT Options History — November 2022

In November 2022, USRT traded between $48.44 and $52.50. ATM implied volatility averaged 30.3%, placing in the 44.4% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 0.3% (HV 20d: 30.6%). Max pain ranged from $49.00 to $49.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 2.88.

Notable Days

2022-11-18: Highest Volume — 148 contracts
2022-11-17: Largest IV spike — 20.1% change
2022-11-01: Highest IV Rank — 62.5%
2022-11-01: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.57	$48.44	$52.50	$49.74	$52.50
Max Pain	$49.00	$49.00	$49.00	$49.00	$49.00
ATM IV	30.3%	24.1%	37.5%	37.5%	29.8%
Expected Move	8.7%	6.9%	10.8%	10.8%	8.6%
HV 20d	30.6%	25.9%	34.9%	28.2%	32.6%
HV 60d	29.0%	26.4%	30.8%	26.5%	30.8%
IV Rank	44.4%	28.8%	62.5%	62.5%	43.2%
IV Percentile	68.3%	39.7%	91.3%	91.3%	69.0%
Term Structure	-3.6%	-11.0%	-0.0%	-1.0%	-5.8%
VWIV	30.8%	27.5%	34.2%	28.6%	32.7%
Skew 25d	5.8%	0.8%	19.9%	9.5%	11.1%
Skew 10d	8.7%	-0.1%	25.4%	8.9%	10.1%
Call IV 25d	31.2%	22.6%	38.5%	28.5%	22.6%
Put IV 25d	37.1%	26.5%	53.1%	38.0%	33.7%
Bid-Ask Spread %	120.14	104.46	134.94	107.69	129.18
Gamma HHI	0.22	0.16	0.29	0.18	0.24
Net GEX	1.1K	-369	3.2K	32	2.0K
Net DEX	-553	-37.3K	48.0K	12.7K	-26.5K
Net VEX	-374	-434	-294	-434	-340
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.88	2.08	3.80	2.78	3.28
Total Volume	108.619	0	148	136	0
Total OI	65.476	51	72	70	55

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
2022-11-01	$49.74	$49.00	37.5%	10.8%	28.2%	62.5%	28.6%	9.5%	-1.0%	32	12.7K	-434	2.78	107.69	N/A	N/A	36	100	35	35
2022-11-02	$48.44	$49.00	34.4%	9.9%	29.4%	54.6%	34.2%	15.7%	-2.2%	-177	23.2K	-424	2.78	113.29	N/A	N/A	36	100	35	35
2022-11-03	$48.47	$0.00	31.4%	8.8%	27.6%	47.2%	0.0%	2.7%	-2.3%	-369	48.0K	-390	2.78	123.02	N/A	N/A	36	100	35	36
2022-11-04	$49.02	$0.00	29.5%	9.4%	26.1%	42.3%	30.2%	4.8%	-0.7%	571	38.1K	-398	2.70	104.46	N/A	N/A	37	100	35	36
2022-11-07	$49.07	$49.00	34.5%	9.6%	26.0%	54.9%	0.0%	4.5%	-5.3%	394	25.9K	-399	2.78	107.28	N/A	N/A	36	100	36	36
2022-11-08	$49.44	$49.00	36.1%	9.8%	25.9%	58.9%	0.0%	7.6%	-4.7%	458	20.4K	-410	2.78	104.67	N/A	N/A	36	100	36	36
2022-11-09	$48.73	$49.00	29.1%	8.3%	26.6%	41.2%	0.0%	3.7%	-3.0%	1.0K	36.1K	-378	2.78	127.37	N/A	N/A	36	100	36	36
2022-11-10	$52.07	$49.00	24.1%	6.9%	34.9%	28.8%	0.0%	2.1%	-0.0%	123	-30.8K	-362	2.78	122.77	N/A	N/A	36	100	36	36
2022-11-11	$51.85	$49.00	28.9%	8.3%	33.6%	40.9%	0.0%	7.1%	-0.2%	452	-34.1K	-387	2.78	111.09	N/A	N/A	36	100	36	36
2022-11-14	$50.83	$49.00	27.0%	7.8%	33.1%	36.1%	0.0%	4.5%	-0.2%	873	-20.6K	-381	2.78	119.07	N/A	N/A	36	100	36	36
2022-11-15	$51.27	$49.00	30.4%	8.7%	33.1%	44.5%	0.0%	4.8%	-0.1%	1.0K	-19.9K	-364	2.78	118.13	N/A	N/A	36	100	36	36
2022-11-16	$50.79	$49.00	27.9%	8.0%	31.8%	38.3%	0.0%	2.5%	-3.0%	470	-9.9K	-331	2.78	130.54	N/A	N/A	36	100	36	36
2022-11-17	$50.05	$49.00	33.5%	9.6%	32.5%	52.4%	0.0%	19.9%	-4.6%	2.1K	4.0K	-348	2.78	114.86	N/A	N/A	36	100	36	36
2022-11-18	$51.12	$49.00	27.5%	7.9%	33.0%	37.2%	27.5%	7.5%	-4.6%	-2	-37.3K	-294	2.08	121.30	N/A	N/A	48	100	36	36
2022-11-21	$51.31	$49.00	31.2%	8.9%	33.0%	46.6%	32.0%	0.8%	-8.3%	1.8K	-2.4K	-385	3.80	122.04	N/A	N/A	25	95	26	25
2022-11-22	$51.74	$49.00	27.6%	7.9%	30.7%	37.5%	30.3%	2.9%	-8.5%	2.2K	-7.0K	-351	3.80	126.59	N/A	N/A	25	95	26	25
2022-11-23	$51.64	$49.00	27.3%	7.8%	30.7%	36.7%	32.7%	1.5%	-1.8%	1.7K	-7.0K	-367	3.28	127.53	N/A	N/A	29	95	26	25
2022-11-25	$51.86	$49.00	28.9%	8.3%	30.7%	40.8%	0.0%	3.4%	-2.4%	3.0K	-16.5K	-369	0.00	134.94	N/A	N/A	0	0	30	25
2022-11-28	$50.57	$49.00	27.7%	7.9%	31.5%	37.7%	0.0%	2.7%	-7.0%	2.4K	-2.0K	-370	0.00	125.59	N/A	N/A	0	0	30	25
2022-11-29	$51.50	$49.00	32.5%	9.3%	32.1%	49.7%	0.0%	2.9%	-11.0%	3.2K	-6.0K	-375	0.00	131.60	N/A	N/A	0	0	30	25
2022-11-30	$52.50	$49.00	29.8%	8.6%	32.6%	43.2%	0.0%	11.1%	-5.8%	2.0K	-26.5K	-340	0.00	129.18	N/A	N/A	0	0	30	25