USRT Options History — September 2023

In September 2023, USRT traded between $46.66 and $51.33. ATM implied volatility averaged 17.3%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 3.1% (HV 20d: 14.2%). Max pain ranged from $44.00 to $51.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 3.06.

Notable Days

2023-09-15: Highest Volume — 122 contracts
2023-09-19: Largest IV spike — 43.3% change
2023-09-19: Highest IV Rank — 29.2%
2023-09-19: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.68	$46.66	$51.33	$51.30	$47.20
Max Pain	$50.65	$44.00	$51.00	$51.00	$51.00
ATM IV	17.3%	13.8%	23.3%	14.3%	15.4%
Expected Move	4.9%	4.0%	6.7%	4.1%	4.4%
HV 20d	14.2%	11.1%	18.8%	13.0%	18.7%
HV 60d	14.7%	13.6%	15.8%	14.4%	15.3%
IV Rank	15.7%	7.9%	29.2%	9.0%	11.5%
IV Percentile	20.1%	6.3%	50.0%	7.5%	12.7%
Term Structure	-0.4%	-8.9%	8.3%	3.2%	6.6%
VWIV	15.9%	11.1%	23.2%	11.1%	18.0%
Skew 25d	1.6%	-6.9%	10.2%	0.9%	-3.3%
Skew 10d	5.1%	-3.2%	13.3%	0.5%	-2.1%
Call IV 25d	15.9%	9.5%	26.2%	12.2%	21.3%
Put IV 25d	17.5%	12.6%	26.0%	13.1%	18.0%
Bid-Ask Spread %	119.35	96.47	132.76	100.82	118.31
Gamma HHI	0.24	0.17	0.69	0.20	0.22
Net GEX	-10.8K	-30.0K	3.2K	240	-23.5K
Net DEX	58.4K	-83.2K	358.2K	-83.2K	282.6K
Net VEX	-655	-1.5K	-307	-426	-1.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.06	0.00	12.00	0.00	0.00
Total Volume	21.75	0	122	40	8
Total OI	264.95	157	417	157	417

Daily Data (20 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
2023-09-01	$51.30	$51.00	14.3%	4.1%	13.0%	9.0%	0.0%	0.9%	3.2%	240	-83.2K	-426	0.00	100.82	N/A	N/A	0	40	121	36
2023-09-05	$50.70	$44.00	13.8%	4.0%	12.2%	7.9%	11.1%	8.9%	-0.4%	-6.7K	-56.7K	-425	0.00	128.45	N/A	N/A	0	3	121	76
2023-09-06	$50.58	$51.00	16.4%	4.2%	12.0%	13.8%	0.0%	2.6%	8.3%	-6.8K	-29.1K	-426	0.00	129.02	N/A	N/A	0	0	121	79
2023-09-07	$50.86	$51.00	15.5%	4.4%	12.2%	11.6%	0.0%	4.5%	4.0%	-6.6K	-48.3K	-447	0.00	132.76	N/A	N/A	0	0	121	79
2023-09-08	$50.71	$51.00	14.3%	4.3%	11.9%	9.1%	0.0%	1.8%	3.9%	-7.5K	-49.0K	-398	0.00	126.52	N/A	N/A	0	0	121	79
2023-09-11	$50.67	$51.00	16.8%	5.3%	11.8%	14.6%	0.0%	-3.3%	-0.3%	-9.4K	-38.6K	-388	0.00	115.61	N/A	N/A	0	0	121	79
2023-09-12	$50.78	$51.00	20.6%	5.2%	11.6%	23.1%	0.0%	1.4%	-2.1%	-5.2K	-48.8K	-348	0.00	109.76	N/A	N/A	2	0	121	79
2023-09-13	$50.30	$51.00	17.9%	5.1%	11.1%	17.0%	0.0%	8.2%	-0.9%	-14.5K	-10.2K	-346	0.00	126.22	N/A	N/A	0	0	119	79
2023-09-14	$51.33	$51.00	14.4%	4.1%	13.1%	9.3%	16.1%	1.5%	-2.1%	1.5K	-73.0K	-312	12.00	114.44	N/A	N/A	1	12	119	79
2023-09-15	$51.06	$51.00	16.7%	4.8%	12.9%	14.5%	14.7%	1.3%	-2.9%	-30.0K	-37.1K	-307	0.00	122.81	N/A	N/A	0	122	120	91
2023-09-18	$50.59	$51.00	16.3%	4.7%	13.4%	13.5%	13.1%	5.7%	-8.9%	-2.8K	1.4K	-434	0.59	109.92	N/A	N/A	66	39	43	134
2023-09-19	$50.46	$51.00	23.3%	6.7%	13.0%	29.2%	0.0%	2.2%	-3.4%	998	-10.0K	-546	0.00	124.04	N/A	N/A	0	0	109	173
2023-09-20	$50.50	$51.00	15.0%	4.3%	13.0%	10.5%	0.0%	-3.3%	-3.2%	3.2K	-13.5K	-497	0.00	127.42	N/A	N/A	0	0	109	173
2023-09-21	$48.91	$51.00	20.6%	5.9%	16.2%	23.1%	0.0%	-6.9%	-0.5%	-9.6K	75.8K	-547	0.00	120.74	N/A	N/A	0	0	109	173
2023-09-22	$48.61	$51.00	20.7%	5.9%	16.2%	23.3%	23.2%	-5.2%	-1.0%	-12.5K	96.5K	-517	3.91	121.36	N/A	N/A	23	90	109	173
2023-09-25	$48.38	$51.00	21.3%	6.1%	16.1%	24.8%	0.0%	3.3%	-4.4%	-7.3K	212.1K	-1.1K	0.00	127.70	N/A	N/A	0	3	130	263
2023-09-26	$46.89	$51.00	20.4%	5.9%	18.8%	22.7%	15.1%	-0.7%	-7.4%	-26.5K	332.4K	-1.4K	1.88	119.45	N/A	N/A	8	15	130	265
2023-09-27	$46.66	$51.00	16.2%	4.6%	18.2%	13.3%	0.0%	10.2%	0.3%	-29.4K	358.2K	-1.5K	0.00	115.11	N/A	N/A	0	1	132	281
2023-09-28	$47.09	$51.00	16.2%	4.6%	18.5%	13.3%	18.0%	1.8%	2.4%	-23.6K	307.2K	-1.3K	0.00	96.47	N/A	N/A	2	0	132	283
2023-09-29	$47.20	$51.00	15.4%	4.4%	18.7%	11.5%	0.0%	-3.3%	6.6%	-23.5K	282.6K	-1.3K	0.00	118.31	N/A	N/A	0	8	134	283