USRT Options History — November 2023

In November 2023, USRT traded between $45.39 and $49.78. ATM implied volatility averaged 22.1%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 5.2% (HV 20d: 27.3%). Max pain ranged from $45.00 to $48.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 5.63.

Notable Days

  • 2023-11-03: Highest Volume — 55 contracts
  • 2023-11-29: Largest IV spike — 42.7% change
  • 2023-11-07: Highest IV Rank — 36.8%
  • 2023-11-24: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.95$45.39$49.78$45.39$49.78
Max Pain$45.14$45.00$48.00$48.00$45.00
ATM IV22.1%15.8%26.8%19.7%24.6%
Expected Move5.9%4.5%7.6%5.6%7.1%
HV 20d27.3%21.1%32.3%21.1%26.2%
HV 60d22.1%18.4%23.7%18.4%23.3%
IV Rank26.3%12.5%36.8%21.0%32.1%
IV Percentile49.8%14.3%80.6%30.6%72.2%
Term Structure-0.0%-10.5%13.5%13.5%0.2%
VWIV21.9%18.1%27.7%25.0%18.1%
Skew 25d1.8%-17.6%9.2%3.4%8.5%
Skew 10d2.2%-10.4%13.3%13.3%0.0%
Call IV 25d19.4%13.9%31.6%16.4%13.9%
Put IV 25d21.1%14.0%27.2%19.7%22.3%
Bid-Ask Spread %115.9893.16129.92121.66110.11
Gamma HHI0.270.150.420.200.36
Net GEX-2.8K-9.1K9.4K-7.2K-5.5K
Net DEX111.3K54.0K187.6K185.5K69.9K
Net VEX-1.2K-1.4K-1.1K-1.1K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.630.0015.500.0010.00
Total Volume7.90505550
Total OI304.238226417271237

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$45.39$48.0019.7%5.6%21.1%21.0%25.0%3.4%13.5%-7.2K185.5K-1.1K0.00121.66N/AN/A05102169
2023-11-02$46.95$45.0025.3%4.5%24.3%33.5%0.0%-1.2%5.4%-5.7K153.0K-1.2K0.00124.18N/AN/A20102174
2023-11-03$48.00$45.0019.9%4.5%25.5%21.6%27.7%9.2%2.5%-3.4K108.6K-1.3K2.67109.23N/AN/A1540102174
2023-11-06$46.97$45.0025.3%5.4%26.6%33.5%0.0%0.9%3.3%-2.6K116.0K-1.3K0.00108.92N/AN/A00117214
2023-11-07$46.72$45.0026.8%5.5%26.6%36.8%18.6%-0.5%2.7%-2.6K136.5K-1.2K0.00104.65N/AN/A010117214
2023-11-08$47.06$45.0018.4%5.3%26.1%18.1%0.0%-2.5%1.4%-3.1K140.8K-1.2K0.00125.74N/AN/A00117224
2023-11-09$46.19$45.0021.6%6.2%26.5%25.3%20.1%-0.3%-10.5%-8.0K164.8K-1.4K0.00126.24N/AN/A043117224
2023-11-10$46.67$45.0026.1%7.5%26.8%35.3%0.0%5.8%-5.2%-9.1K187.6K-1.3K0.0093.16N/AN/A00117267
2023-11-13$46.22$45.0019.3%5.5%26.3%20.2%0.0%1.7%3.0%-8.4K175.1K-1.1K0.00113.21N/AN/A01117267
2023-11-14$48.66$45.0015.8%4.5%32.3%12.5%0.0%4.5%-0.3%9.4K61.1K-1.2K0.00127.30N/AN/A50117267
2023-11-15$48.69$45.0021.4%6.1%31.4%24.9%0.0%4.0%-8.8%5.8K54.0K-1.2K0.00127.52N/AN/A01117267
2023-11-16$48.59$45.0022.5%6.4%30.0%27.3%0.0%3.4%8.5%9.4K77.6K-1.2K15.5095.22N/AN/A231117267
2023-11-17$48.45$45.0021.9%6.3%29.9%26.1%0.0%5.9%8.1%5.7K84.7K-1.3K0.00108.92N/AN/A00119298
2023-11-20$48.78$45.0023.5%6.7%29.5%29.6%18.1%-1.2%-6.4%-5.0K98.9K-1.1K10.00115.08N/AN/A11027199
2023-11-21$48.53$45.0019.5%5.6%29.6%20.6%0.0%3.8%0.6%-5.8K93.3K-1.1K0.00121.39N/AN/A0028209
2023-11-22$48.73$45.0021.6%6.2%27.9%25.2%0.0%-3.4%-2.8%-5.4K94.9K-1.1K0.0096.69N/AN/A0028209
2023-11-24$48.85$45.0026.4%7.6%27.8%36.1%0.0%6.7%-6.3%-4.2K91.4K-1.1K0.00123.00N/AN/A0028209
2023-11-27$49.11$45.0019.5%5.6%26.4%20.6%0.0%0.1%-2.5%-4.4K81.3K-1.1K0.00124.62N/AN/A0028209
2023-11-28$49.22$45.0018.2%5.2%26.4%17.8%0.0%5.8%2.7%-4.5K88.4K-1.1K0.00128.92N/AN/A0028209
2023-11-29$49.44$45.0026.0%7.4%26.2%35.1%0.0%-17.6%-9.1%-5.1K73.7K-1.1K0.00129.92N/AN/A0028209
2023-11-30$49.78$45.0024.6%7.1%26.2%32.1%0.0%8.5%0.2%-5.5K69.9K-1.1K0.00110.11N/AN/A0028209