USRT Options History — April 2023

In April 2023, USRT traded between $48.98 and $50.70. ATM implied volatility averaged 20.8%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 0.9% (HV 20d: 21.7%). Max pain ranged from $48.00 to $49.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.13.

Notable Days

  • 2023-04-24: Highest Volume — 58 contracts
  • 2023-04-14: Largest IV spike — 68.7% change
  • 2023-04-26: Highest IV Rank — 31.6%
  • 2023-04-26: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.87$48.98$50.70$49.95$50.70
Max Pain$48.16$48.00$49.00$49.00$48.00
ATM IV20.8%13.1%26.1%25.4%21.9%
Expected Move5.9%3.8%7.5%7.3%6.3%
HV 20d21.7%16.4%29.1%29.1%16.8%
HV 60d21.5%20.8%23.2%23.2%21.1%
IV Rank19.2%1.0%31.6%30.0%21.9%
IV Percentile16.1%0.4%39.3%35.3%17.1%
Term Structure2.3%-4.5%14.5%2.1%-0.5%
VWIV19.4%15.8%22.8%22.8%18.1%
Skew 25d3.8%-2.0%11.1%2.7%4.2%
Skew 10d10.3%-4.5%19.7%7.6%1.7%
Call IV 25d18.5%12.2%24.8%20.9%12.2%
Put IV 25d22.3%15.1%28.5%23.7%16.3%
Bid-Ask Spread %109.6394.15125.19113.53114.23
Gamma HHI0.520.450.660.450.53
Net GEX-61.9K-88.7K-46.0K-46.0K-57.2K
Net DEX392.8K169.7K489.0K355.7K169.7K
Net VEX-3.2K-4.0K-2.1K-3.7K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.130.000.800.670.00
Total Volume8.68405857
Total OI852641921913732

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$49.95$49.0025.4%7.3%29.1%30.0%22.8%2.7%2.1%-46.0K355.7K-3.7K0.67113.53N/AN/A32146767
2023-04-04$49.71$49.0022.4%6.4%28.4%22.9%0.0%6.3%1.4%-55.3K407.5K-3.8K0.00111.36N/AN/A50149767
2023-04-05$49.62$49.0019.1%5.5%28.1%15.1%0.0%-2.0%5.6%-53.8K402.1K-3.8K0.00121.44N/AN/A00154767
2023-04-06$49.76$48.0020.0%6.4%27.1%17.3%0.0%3.9%4.0%-51.8K479.4K-4.0K0.00101.15N/AN/A00154767
2023-04-10$50.03$48.0024.3%6.6%22.7%27.5%0.0%5.4%1.7%-52.3K474.9K-3.8K0.00102.65N/AN/A50154767
2023-04-11$50.43$48.0025.0%6.4%22.3%29.1%0.0%9.2%1.1%-48.2K362.9K-3.6K0.0094.15N/AN/A00149767
2023-04-12$50.08$48.0021.6%6.2%22.4%21.0%0.0%4.3%2.6%-50.3K301.9K-3.3K0.00100.42N/AN/A120149767
2023-04-13$49.69$48.0014.8%4.2%22.6%4.9%0.0%-1.5%14.5%-63.0K441.1K-3.5K0.00125.19N/AN/A00137767
2023-04-14$48.98$48.0024.9%7.1%23.1%28.8%18.0%3.0%-2.8%-64.6K489.0K-3.2K0.00113.47N/AN/A100137767
2023-04-17$49.97$48.0021.1%6.0%22.5%19.8%20.1%0.6%0.5%-61.9K389.6K-3.0K0.00111.05N/AN/A120128767
2023-04-18$50.00$48.0020.4%5.8%22.2%18.2%0.0%2.6%1.9%-56.2K363.0K-2.9K0.0096.28N/AN/A00121767
2023-04-19$50.31$48.0013.6%3.9%22.3%2.1%0.0%11.1%8.8%-55.8K328.7K-2.8K0.00107.03N/AN/A00121767
2023-04-20$49.78$48.0013.1%3.8%18.8%1.0%0.0%2.3%8.4%-61.9K417.4K-2.9K0.00116.89N/AN/A01121767
2023-04-21$50.06$48.0021.0%6.0%17.3%19.7%15.8%4.7%-0.3%-68.4K364.1K-2.9K0.00120.41N/AN/A120121768
2023-04-24$49.87$48.0020.3%5.8%16.4%18.1%22.8%3.9%1.4%-75.5K410.7K-2.7K0.00100.45N/AN/A05896545
2023-04-25$49.55$48.0016.4%4.7%16.6%8.7%20.9%1.6%2.6%-88.7K458.1K-2.6K0.80119.59N/AN/A5496603
2023-04-26$49.00$48.0026.1%7.5%16.9%31.6%16.5%8.2%-3.9%-77.0K466.9K-2.8K0.00105.34N/AN/A220101607
2023-04-27$50.10$48.0024.0%6.9%16.7%26.8%0.0%2.1%-4.5%-88.4K380.6K-2.5K0.00108.30N/AN/A70121607
2023-04-28$50.70$48.0021.9%6.3%16.8%21.9%18.1%4.2%-0.5%-57.2K169.7K-2.1K0.00114.23N/AN/A70125607