USRT Options History — June 2023

In June 2023, USRT traded between $48.95 and $51.34. ATM implied volatility averaged 19.6%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 2.4% (HV 20d: 17.1%). Max pain ranged from $43.00 to $55.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 5.81.

Notable Days

2023-06-16: Highest Volume — 82 contracts
2023-06-12: Largest IV spike — 79.4% change
2023-06-12: Highest IV Rank — 57.0%
2023-06-01: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.53	$48.95	$51.34	$49.13	$51.01
Max Pain	$53.86	$43.00	$55.00	$43.00	$55.00
ATM IV	19.6%	11.8%	36.9%	26.1%	14.9%
Expected Move	4.6%	3.4%	7.5%	7.5%	4.3%
HV 20d	17.1%	15.3%	18.9%	15.8%	18.9%
HV 60d	18.2%	16.5%	21.3%	20.7%	16.9%
IV Rank	17.4%	0.0%	57.0%	31.8%	7.2%
IV Percentile	19.5%	0.0%	89.3%	47.2%	4.0%
Term Structure	2.6%	-3.7%	12.5%	-3.7%	-2.6%
VWIV	18.6%	9.7%	26.6%	26.6%	17.6%
Skew 25d	3.4%	-8.3%	13.9%	13.9%	8.8%
Skew 10d	9.8%	-2.9%	47.8%	19.1%	2.8%
Call IV 25d	14.1%	9.9%	20.6%	15.5%	13.1%
Put IV 25d	17.6%	12.3%	29.4%	29.4%	21.9%
Bid-Ask Spread %	114.84	98.23	128.23	127.20	113.04
Gamma HHI	0.22	0.12	0.72	0.12	0.15
Net GEX	-6.9K	-75.2K	12.1K	3.1K	4.4K
Net DEX	9.4K	-66.4K	85.3K	-26.8K	-33.2K
Net VEX	-829	-1.1K	-651	-676	-689
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.81	0.00	40.00	0.00	0.67
Total Volume	10.095	0	82	0	0
Total OI	448.667	390	553	417	419

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
2023-06-01	$49.13	$43.00	26.1%	7.5%	15.8%	31.8%	0.0%	13.9%	-3.7%	3.1K	-26.8K	-676	0.00	127.20	N/A	N/A	0	0	94	323
2023-06-02	$50.39	$43.00	23.1%	6.6%	18.1%	24.7%	26.6%	6.5%	-2.1%	3.9K	-17.9K	-1.0K	0.00	116.94	N/A	N/A	1	0	94	325
2023-06-05	$50.13	$55.00	23.7%	3.8%	17.0%	26.1%	0.0%	3.1%	7.5%	5.2K	-20.6K	-919	0.00	128.23	N/A	N/A	0	0	93	325
2023-06-06	$50.62	$55.00	23.5%	5.0%	17.4%	25.5%	9.7%	1.8%	2.2%	7.7K	-38.1K	-824	0.00	117.13	N/A	N/A	2	0	93	325
2023-06-07	$51.32	$55.00	26.8%	3.6%	18.0%	33.3%	16.1%	1.8%	12.5%	12.1K	-66.4K	-887	0.00	120.19	N/A	N/A	4	0	90	325
2023-06-08	$50.91	$55.00	26.4%	5.5%	18.0%	32.3%	22.8%	3.5%	-0.4%	9.1K	-43.0K	-865	0.00	101.78	N/A	N/A	0	51	103	325
2023-06-09	$50.64	$55.00	20.5%	4.6%	17.4%	18.6%	0.0%	-8.3%	-2.9%	-7.0K	21.8K	-866	0.00	102.49	N/A	N/A	0	0	103	407
2023-06-12	$50.62	$55.00	36.9%	4.5%	17.3%	57.0%	0.0%	1.8%	2.1%	1.8K	15.5K	-840	0.00	124.21	N/A	N/A	0	0	103	407
2023-06-13	$50.84	$55.00	21.1%	3.4%	17.4%	19.9%	0.0%	2.9%	8.9%	-17.0K	31.7K	-894	40.00	117.39	N/A	N/A	1	40	103	407
2023-06-14	$51.13	$55.00	12.0%	3.4%	15.5%	0.0%	0.0%	-0.1%	5.0%	-35.6K	71.8K	-719	0.00	117.86	N/A	N/A	2	0	104	447
2023-06-15	$51.20	$55.00	11.8%	3.4%	15.5%	0.0%	0.0%	3.1%	9.7%	-43.9K	85.3K	-804	0.00	117.91	N/A	N/A	0	0	106	447
2023-06-16	$51.34	$55.00	12.1%	3.5%	15.3%	0.7%	0.0%	1.5%	5.1%	-75.2K	18.7K	-699	0.00	113.41	N/A	N/A	0	82	106	447
2023-06-20	$50.67	$55.00	15.3%	4.4%	16.2%	8.2%	18.8%	7.2%	5.8%	931	-5.6K	-831	0.00	105.95	N/A	N/A	22	0	74	316
2023-06-21	$50.33	$55.00	15.9%	4.6%	16.4%	9.6%	0.0%	4.3%	2.3%	-2.3K	18.8K	-773	0.00	113.28	N/A	N/A	0	2	96	316
2023-06-22	$49.62	$55.00	20.4%	5.8%	17.1%	19.9%	0.0%	6.9%	-3.1%	-3.7K	48.6K	-897	0.00	118.99	N/A	N/A	0	0	96	318
2023-06-23	$48.95	$55.00	18.8%	5.4%	15.8%	16.2%	0.0%	5.9%	0.6%	-6.1K	72.1K	-882	0.00	107.99	N/A	N/A	0	0	96	318
2023-06-26	$50.14	$55.00	17.5%	5.0%	17.8%	13.2%	17.6%	0.4%	2.0%	-1.3K	48.1K	-651	0.67	113.06	N/A	N/A	3	2	96	318
2023-06-27	$50.83	$55.00	15.6%	4.5%	18.0%	8.8%	0.0%	5.5%	1.9%	-4.0K	29.0K	-1.1K	0.00	98.23	N/A	N/A	0	0	99	320
2023-06-28	$50.34	$55.00	16.1%	4.6%	18.4%	9.9%	0.0%	-4.3%	-0.3%	449	4.3K	-814	0.00	112.77	N/A	N/A	0	0	99	320
2023-06-29	$51.03	$55.00	13.2%	3.8%	18.9%	3.3%	0.0%	5.4%	4.6%	3.0K	-16.4K	-755	0.00	123.55	N/A	N/A	0	0	99	320
2023-06-30	$51.01	$55.00	14.9%	4.3%	18.9%	7.2%	0.0%	8.8%	-2.6%	4.4K	-33.2K	-689	0.00	113.04	N/A	N/A	0	0	99	320