USRT Options History — January 2023

In January 2023, USRT traded between $49.07 and $54.63. ATM implied volatility averaged 25.4%, placing in the 30.0% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 1.7% (HV 20d: 23.6%). Max pain ranged from $49.00 to $52.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.32.

Notable Days

  • 2023-01-24: Highest Volume — 12 contracts
  • 2023-01-27: Largest IV spike — 46.6% change
  • 2023-01-03: Highest IV Rank — 50.7%
  • 2023-01-03: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.02$49.07$54.63$49.25$54.63
Max Pain$51.70$49.00$52.00$49.00$52.00
ATM IV25.4%15.2%34.2%34.2%24.3%
Expected Move7.0%4.4%9.8%9.8%7.0%
HV 20d23.6%18.7%27.0%18.7%23.2%
HV 60d26.1%25.0%27.4%26.2%25.0%
IV Rank30.0%6.0%50.7%50.7%27.4%
IV Percentile36.9%0.8%80.2%80.2%29.4%
Term Structure-1.5%-11.4%6.9%-10.4%-9.4%
VWIV23.0%17.4%25.9%17.4%23.6%
Skew 25d4.7%-1.9%14.8%-0.0%10.7%
Skew 10d4.5%-0.8%14.0%1.2%1.6%
Call IV 25d21.7%16.2%31.8%31.8%23.2%
Put IV 25d26.4%17.5%34.9%31.8%33.9%
Bid-Ask Spread %118.28107.27126.99116.96117.47
Gamma HHI0.190.120.290.120.17
Net GEX638-3.1K7.5K-1.3K6.4K
Net DEX-27.0K-129.1K40.1K33.3K-123.9K
Net VEX-424-727-283-351-714
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.0010.000.000.00
Total Volume3.2501202
Total OI73.962916491

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$49.25$49.0034.2%9.8%18.7%50.7%0.0%-0.0%-10.4%-1.3K33.3K-3510.00116.96N/AN/A003034
2023-01-04$50.14$49.0028.7%8.2%19.0%37.8%0.0%12.3%2.4%-1.2K19.6K-3640.00123.52N/AN/A003034
2023-01-05$49.07$52.0031.0%7.7%20.2%43.2%0.0%13.7%-5.0%-1.7K40.1K-3390.00107.48N/AN/A003034
2023-01-06$50.41$52.0028.4%7.7%22.6%37.0%0.0%11.1%0.3%-1.7K27.7K-3310.00108.33N/AN/A103034
2023-01-09$50.26$52.0028.7%6.8%22.4%37.9%17.4%6.4%1.4%-1.1K17.9K-3340.00122.27N/AN/A203134
2023-01-10$50.03$52.0030.3%6.7%22.4%41.6%0.0%-1.0%-0.1%-1.7K32.2K-2830.00124.32N/AN/A033334
2023-01-11$52.05$52.0019.7%5.6%26.7%16.5%0.0%1.8%4.0%1.9K-15.1K-29410.00118.28N/AN/A1103332
2023-01-12$52.74$52.0021.5%6.2%27.0%20.8%0.0%1.6%0.9%-2.1K-23.3K-3350.00126.71N/AN/A003342
2023-01-13$52.50$52.0020.2%5.8%27.0%17.7%0.0%2.4%3.6%-2.4K-17.9K-3480.00118.09N/AN/A003342
2023-01-17$52.63$52.0026.2%7.5%26.5%31.8%25.9%-1.2%-3.7%-2.3K-19.4K-3060.50117.26N/AN/A213342
2023-01-18$52.05$52.0023.7%6.8%25.4%25.9%0.0%0.1%-1.9%-3.1K-7.1K-3280.00126.99N/AN/A003443
2023-01-19$51.90$52.0028.7%8.2%24.3%37.9%0.0%4.9%-11.4%-3.0K98-3390.00123.89N/AN/A503443
2023-01-20$52.16$52.0023.7%6.8%24.3%26.0%22.5%4.1%6.9%-1.3K-30.0K-3640.00123.11N/AN/A603943
2023-01-23$52.80$52.0024.1%6.9%24.5%27.0%25.3%-1.9%-2.8%1.0K-21.3K-3570.00119.15N/AN/A703428
2023-01-24$53.08$52.0023.2%6.7%24.2%24.9%0.0%4.2%-3.5%2.8K-49.1K-4360.00125.12N/AN/A1204028
2023-01-25$53.01$52.0026.1%7.5%24.1%31.7%0.0%6.6%-0.5%4.8K-76.0K-6350.00107.27N/AN/A005428
2023-01-26$53.40$52.0015.2%4.4%24.2%6.0%0.0%1.3%3.4%4.9K-85.2K-6090.00112.69N/AN/A605428
2023-01-27$54.50$52.0022.3%6.4%23.1%22.7%23.1%14.8%-0.9%7.5K-129.1K-6924.00115.51N/AN/A146028
2023-01-30$53.73$52.0027.8%8.0%23.3%35.7%23.6%2.1%-2.9%6.2K-114.3K-7270.00111.10N/AN/A206031
2023-01-31$54.63$52.0024.3%7.0%23.2%27.4%0.0%10.7%-9.4%6.4K-123.9K-7140.00117.47N/AN/A026031