USRT Options History — February 2023

In February 2023, USRT traded between $52.09 and $55.97. ATM implied volatility averaged 23.5%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 5.1% (HV 20d: 18.4%). Max pain ranged from $45.00 to $53.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 4.83.

Notable Days

  • 2023-02-27: Highest Volume — 65 contracts
  • 2023-02-03: Largest IV spike — 31.0% change
  • 2023-02-03: Highest IV Rank — 42.0%
  • 2023-02-28: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.97$52.09$55.97$55.20$52.33
Max Pain$47.74$45.00$53.00$52.00$52.00
ATM IV23.5%20.3%30.5%23.8%28.2%
Expected Move6.5%5.6%8.1%6.8%8.1%
HV 20d18.4%16.0%23.2%23.2%16.0%
HV 60d21.9%19.7%25.4%25.1%19.7%
IV Rank25.5%18.0%42.0%26.1%36.6%
IV Percentile24.4%8.7%67.9%23.0%54.4%
Term Structure-0.8%-9.2%8.5%8.5%-8.1%
VWIV25.9%21.0%39.5%23.8%23.2%
Skew 25d4.4%-2.8%11.6%8.6%1.1%
Skew 10d4.2%-2.2%11.0%1.3%1.6%
Call IV 25d19.2%12.5%26.8%22.3%22.3%
Put IV 25d23.6%15.5%30.9%30.9%23.4%
Bid-Ask Spread %105.7586.55121.24119.76102.89
Gamma HHI0.210.160.300.160.22
Net GEX10.9K6.3K16.4K7.4K11.3K
Net DEX-172.9K-237.3K-119.1K-146.0K-130.1K
Net VEX-1.0K-1.3K-676-678-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.830.0022.000.0020.67
Total Volume12.36806505
Total OI176.6329326893268

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$55.20$52.0023.8%6.8%23.2%26.1%0.0%8.6%8.5%7.4K-146.0K-6780.00119.76N/AN/A006033
2023-02-02$55.97$53.0023.3%5.6%22.9%25.0%0.0%-2.8%1.5%7.3K-171.0K-6760.00118.11N/AN/A106033
2023-02-03$55.03$53.0030.5%7.2%22.3%42.0%0.0%8.2%-4.1%8.0K-151.0K-6960.67110.55N/AN/A326133
2023-02-06$54.99$53.0024.6%6.2%20.9%28.1%23.8%5.2%0.3%8.9K-160.3K-6813.1497.19N/AN/A14446335
2023-02-07$55.07$45.0027.3%6.2%20.7%34.6%0.0%2.1%-1.0%14.1K-201.8K-8055.00121.24N/AN/A2107779
2023-02-08$54.62$45.0021.1%6.0%21.0%19.8%22.8%5.3%1.4%6.3K-153.2K-9120.43101.44N/AN/A737989
2023-02-09$54.06$45.0022.8%6.5%17.0%23.8%0.0%7.7%-0.6%7.4K-179.8K-9850.00105.24N/AN/A208792
2023-02-10$54.28$45.0022.6%6.5%16.5%23.4%39.5%11.6%-1.1%6.3K-166.9K-1.0K0.00103.59N/AN/A028992
2023-02-13$54.73$45.0020.4%5.9%16.5%18.3%0.0%6.5%0.1%7.6K-200.0K-9630.0099.42N/AN/A2908994
2023-02-14$54.35$45.0021.9%6.3%16.8%21.8%0.0%2.4%-1.0%13.2K-237.3K-1.3K0.00119.71N/AN/A0211894
2023-02-15$54.39$45.0020.3%5.8%16.1%18.0%0.0%7.5%1.7%13.0K-236.3K-1.2K1.0086.55N/AN/A1111896
2023-02-16$54.01$45.0020.9%6.0%16.4%19.4%0.0%9.6%6.2%11.9K-210.5K-1.3K0.00103.50N/AN/A0011997
2023-02-17$53.86$45.0021.0%6.0%16.4%19.6%24.7%4.2%-0.6%11.9K-196.6K-1.2K3.0096.56N/AN/A41212097
2023-02-21$52.98$45.0021.5%6.2%17.1%20.7%21.0%3.4%-0.4%15.3K-170.2K-1.2K22.00103.31N/AN/A12210276
2023-02-22$52.39$45.0023.0%6.6%17.4%24.4%0.0%2.1%-1.3%14.6K-154.9K-1.2K0.00110.85N/AN/A0010298
2023-02-23$52.89$45.0022.4%6.4%17.8%23.1%24.3%1.6%-9.2%16.4K-159.4K-1.2K2.0097.61N/AN/A1210298
2023-02-24$52.09$52.0025.8%7.4%18.3%31.0%0.0%0.1%-5.2%12.5K-119.1K-1.1K0.00109.10N/AN/A00103100
2023-02-27$52.19$52.0024.8%7.1%16.5%28.5%27.3%0.1%-1.7%13.0K-141.2K-1.1K20.67102.70N/AN/A362103100
2023-02-28$52.33$52.0028.2%8.1%16.0%36.6%23.2%1.1%-8.1%11.3K-130.1K-1.2K0.00102.89N/AN/A05106162