USRT Options History — May 2023

In May 2023, USRT traded between $48.09 and $51.03. ATM implied volatility averaged 22.1%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 5.0% (HV 20d: 17.1%). Max pain ranged from $43.00 to $53.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.28.

Notable Days

  • 2023-05-16: Highest Volume — 89 contracts
  • 2023-05-24: Largest IV spike — 64.1% change
  • 2023-05-26: Highest IV Rank — 37.2%
  • 2023-05-26: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.70$48.09$51.03$50.47$49.26
Max Pain$47.77$43.00$53.00$48.00$43.00
ATM IV22.1%14.2%28.4%20.8%23.7%
Expected Move6.3%4.1%8.2%6.0%6.8%
HV 20d17.1%15.7%18.5%15.7%15.8%
HV 60d21.2%20.8%21.6%20.9%21.1%
IV Rank22.1%3.6%37.2%19.1%26.1%
IV Percentile22.0%1.2%60.7%11.1%32.5%
Term Structure0.2%-4.3%8.3%-0.8%-0.5%
VWIV20.1%13.6%32.6%18.2%18.5%
Skew 25d6.1%-1.0%12.0%5.7%7.8%
Skew 10d11.0%-3.6%19.5%11.6%12.6%
Call IV 25d17.0%12.2%21.4%17.7%14.8%
Put IV 25d23.2%15.6%26.9%23.3%22.5%
Bid-Ask Spread %115.0297.85125.70101.06124.68
Gamma HHI0.460.160.730.520.24
Net GEX-53.8K-137.8K6.8K-55.5K-2.3K
Net DEX158.8K-28.3K496.7K148.3K41.9K
Net VEX-1.7K-2.7K-1.2K-2.0K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.001.400.640.00
Total Volume7.273089181
Total OI655.818384851729418

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$50.47$48.0020.8%6.0%15.7%19.1%18.2%5.7%-0.8%-55.5K148.3K-2.0K0.64101.06N/AN/A117122607
2023-05-02$49.70$48.0021.0%6.0%16.7%19.8%21.9%8.6%1.3%-92.3K420.7K-2.7K0.00113.12N/AN/A110130614
2023-05-03$49.74$48.0023.5%6.7%16.6%25.6%0.0%1.3%-1.6%-75.7K278.8K-2.3K0.00114.51N/AN/A00141614
2023-05-04$50.09$53.0023.1%6.9%16.8%24.5%0.0%-1.0%-0.0%-94.9K307.6K-2.4K0.0097.85N/AN/A00141614
2023-05-05$50.98$53.0022.9%6.2%17.8%24.1%0.0%8.8%0.5%-55.9K122.4K-2.1K0.00108.81N/AN/A20141614
2023-05-08$50.87$53.0022.5%6.6%17.8%23.2%0.0%9.4%0.1%-42.7K97.8K-1.8K0.00114.06N/AN/A00139614
2023-05-09$50.61$53.0024.2%6.2%17.7%27.1%0.0%3.1%1.3%-75.3K138.9K-1.8K0.0099.29N/AN/A70139614
2023-05-10$51.03$53.0022.2%6.4%17.7%22.4%0.0%6.7%-0.9%6.8K-28.3K-1.4K0.00109.01N/AN/A00146614
2023-05-11$50.33$53.0022.8%6.5%18.2%23.8%0.0%4.3%-0.2%-57.9K120.0K-1.9K0.00110.07N/AN/A00148614
2023-05-12$50.17$53.0022.1%6.3%17.4%22.2%0.0%5.3%0.8%-59.1K112.0K-1.7K0.00113.19N/AN/A00148614
2023-05-15$50.23$53.0022.4%6.4%15.9%23.0%0.0%11.3%-1.3%-42.8K57.3K-1.5K0.00117.95N/AN/A00148614
2023-05-16$49.20$53.0020.5%5.9%17.6%18.6%32.6%6.5%1.1%-103.5K496.7K-1.9K0.00110.20N/AN/A089148614
2023-05-17$49.45$43.0018.6%5.3%17.5%14.1%0.0%10.7%-0.4%-122.5K287.8K-1.7K0.00120.55N/AN/A00148703
2023-05-18$49.27$43.0021.8%6.3%17.2%21.6%0.0%3.1%-0.1%-132.3K223.7K-1.6K0.00115.96N/AN/A00148703
2023-05-19$49.27$43.0019.6%5.6%17.0%16.4%0.0%-0.4%-4.3%-137.8K256.2K-1.4K0.00125.70N/AN/A00148703
2023-05-22$49.52$43.0018.2%5.2%17.1%13.0%0.0%2.7%7.7%-5.7K62.0K-1.3K0.50120.90N/AN/A4260324
2023-05-23$49.17$43.0014.2%4.1%17.2%3.6%13.6%5.3%8.3%-5.0K69.1K-1.4K1.40125.66N/AN/A5760326
2023-05-24$48.09$43.0023.3%6.7%18.5%25.1%15.9%5.3%-0.9%-10.1K90.3K-1.5K0.00118.17N/AN/A10065322
2023-05-25$48.26$43.0025.2%7.2%16.4%29.6%0.0%9.2%-1.5%-10.9K86.7K-1.4K0.00123.59N/AN/A0293322
2023-05-26$48.78$43.0028.4%8.2%16.3%37.2%18.5%9.3%-3.6%-6.5K60.4K-1.4K0.00122.39N/AN/A1092324
2023-05-30$49.02$43.0024.1%6.9%16.5%27.0%0.0%12.0%-0.4%-2.1K42.8K-1.2K0.00123.75N/AN/A1093324
2023-05-31$49.26$43.0023.7%6.8%15.8%26.1%0.0%7.8%-0.5%-2.3K41.9K-1.3K0.00124.68N/AN/A0194324