USRT Options History — December 2022

In December 2022, USRT traded between $48.64 and $52.45. ATM implied volatility averaged 30.3%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 7.3% (HV 20d: 23.0%). Max pain ranged from $49.00 to $53.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2022-12-29: Highest Volume — 8 contracts
2022-12-14: Largest IV drop — 44.8% change
2022-12-12: Highest IV Rank — 100.0%
2022-12-02: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.53	$48.64	$52.45	$52.43	$49.30
Max Pain	$50.47	$49.00	$53.00	$49.00	$49.00
ATM IV	30.3%	21.6%	55.1%	29.9%	25.5%
Expected Move	7.1%	5.9%	8.9%	8.6%	7.3%
HV 20d	23.0%	18.2%	32.0%	30.8%	18.7%
HV 60d	28.6%	26.4%	30.6%	30.6%	26.8%
IV Rank	42.7%	21.1%	100.0%	43.4%	30.3%
IV Percentile	56.0%	17.5%	100.0%	69.0%	38.5%
Term Structure	-0.0%	-11.1%	9.3%	-5.5%	-0.9%
VWIV	25.0%	21.4%	26.8%	23.4%	21.4%
Skew 25d	1.8%	-5.0%	9.8%	2.9%	0.1%
Skew 10d	6.7%	1.9%	13.2%	3.6%	5.1%
Call IV 25d	24.6%	18.0%	32.7%	32.7%	30.0%
Put IV 25d	26.4%	19.7%	35.6%	35.6%	30.1%
Bid-Ask Spread %	122.80	112.39	134.49	124.56	122.92
Gamma HHI	0.18	0.10	0.34	0.22	0.12
Net GEX	1.7K	-2.6K	7.2K	2.7K	-1.4K
Net DEX	1.6K	-53.6K	47.1K	-25.9K	38.2K
Net VEX	-397	-440	-331	-365	-372
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.33	0.00	0.00
Total Volume	2.048	0	8	0	0
Total OI	62.952	54	71	55	64

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
2022-12-01	$52.43	$49.00	29.9%	8.6%	30.8%	43.4%	0.0%	2.9%	-5.5%	2.7K	-25.9K	-365	0.00	124.56	N/A	N/A	0	0	30	25
2022-12-02	$52.45	$49.00	30.9%	8.9%	30.8%	45.8%	0.0%	9.8%	-11.1%	3.0K	-22.7K	-360	0.00	129.22	N/A	N/A	0	0	30	25
2022-12-05	$51.42	$0.00	31.5%	6.1%	31.8%	47.4%	0.0%	-2.2%	-3.1%	3.0K	-9.0K	-331	0.00	126.78	N/A	N/A	6	0	30	25
2022-12-06	$50.97	$0.00	32.3%	5.9%	32.0%	49.4%	0.0%	0.5%	-1.4%	2.4K	-13.1K	-385	0.00	130.12	N/A	N/A	0	0	36	25
2022-12-07	$51.14	$0.00	33.6%	6.2%	32.0%	52.7%	0.0%	2.9%	0.8%	3.7K	-9.7K	-382	0.00	121.09	N/A	N/A	1	0	36	25
2022-12-08	$51.57	$0.00	42.2%	7.6%	31.5%	74.2%	23.4%	1.4%	-2.0%	3.5K	-22.4K	-392	0.00	129.58	N/A	N/A	3	0	37	25
2022-12-09	$51.50	$53.00	40.8%	6.7%	20.7%	70.7%	0.0%	-0.1%	0.5%	1.9K	-29.4K	-375	0.00	134.49	N/A	N/A	1	0	40	25
2022-12-12	$51.73	$53.00	55.1%	7.8%	20.7%	100.0%	0.0%	5.8%	-1.0%	5.1K	-27.5K	-374	0.00	128.98	N/A	N/A	4	0	41	25
2022-12-13	$52.01	$53.00	43.1%	6.9%	19.4%	71.9%	0.0%	2.8%	-0.1%	6.3K	-53.6K	-436	0.00	117.52	N/A	N/A	0	0	44	25
2022-12-14	$51.70	$53.00	23.8%	6.8%	19.4%	26.3%	0.0%	0.5%	3.7%	5.9K	-48.0K	-440	0.00	128.04	N/A	N/A	0	1	44	25
2022-12-15	$51.04	$53.00	24.4%	7.0%	19.6%	27.8%	26.1%	1.9%	5.5%	7.2K	-24.0K	-430	0.00	118.90	N/A	N/A	0	1	44	26
2022-12-16	$49.92	$50.00	25.5%	7.3%	20.6%	30.2%	0.0%	-5.0%	2.1%	4.3K	5.2K	-406	0.00	125.50	N/A	N/A	5	0	44	27
2022-12-19	$48.97	$50.00	23.8%	6.8%	20.0%	26.1%	26.8%	-0.7%	1.3%	-915	28.4K	-372	0.33	112.42	N/A	N/A	3	1	27	27
2022-12-20	$49.17	$50.00	28.1%	8.0%	20.0%	36.3%	0.0%	3.6%	-2.5%	-470	28.6K	-394	0.17	116.94	N/A	N/A	6	1	30	28
2022-12-21	$49.31	$50.00	21.6%	6.2%	19.7%	21.1%	25.8%	0.5%	9.3%	-1.2K	26.8K	-435	0.00	123.29	N/A	N/A	0	1	30	33
2022-12-22	$48.97	$50.00	26.3%	7.5%	19.8%	32.1%	26.4%	-0.3%	1.9%	-2.1K	47.1K	-412	0.00	112.39	N/A	N/A	1	0	30	34
2022-12-23	$49.52	$49.00	22.8%	6.5%	20.3%	23.9%	0.0%	7.1%	3.7%	-1.9K	42.1K	-419	0.00	113.72	N/A	N/A	0	0	31	34
2022-12-27	$49.65	$49.00	28.0%	8.0%	18.4%	36.2%	0.0%	-0.9%	3.7%	-1.5K	30.6K	-425	0.00	116.03	N/A	N/A	0	0	31	34
2022-12-28	$48.64	$49.00	22.5%	6.5%	18.2%	23.2%	0.0%	8.4%	-7.2%	-1.8K	37.1K	-405	0.00	121.10	N/A	N/A	0	0	31	34
2022-12-29	$49.71	$49.00	24.2%	6.9%	18.6%	27.1%	21.4%	-1.8%	1.5%	-2.6K	33.9K	-418	0.00	125.13	N/A	N/A	8	0	31	34
2022-12-30	$49.30	$49.00	25.5%	7.3%	18.7%	30.3%	0.0%	0.1%	-0.9%	-1.4K	38.2K	-372	0.00	122.92	N/A	N/A	0	0	30	34