USRT Options History — December 2023

In December 2023, USRT traded between $51.03 and $55.08. ATM implied volatility averaged 22.2%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 1.1% (HV 20d: 21.0%). Max pain ranged from $40.00 to $52.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-12-15: Highest Volume — 77 contracts
  • 2023-12-29: Largest IV spike — 47.3% change
  • 2023-12-11: Highest IV Rank — 55.8%
  • 2023-12-18: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.10$51.03$55.08$51.03$54.48
Max Pain$45.65$40.00$52.00$45.00$52.00
ATM IV22.2%14.0%35.3%21.9%20.8%
Expected Move5.2%4.0%6.6%6.3%6.0%
HV 20d21.0%16.4%25.0%25.0%21.8%
HV 60d23.9%23.1%25.3%23.8%23.1%
IV Rank27.2%8.9%55.8%26.0%25.2%
IV Percentile49.2%7.1%96.8%50.4%46.0%
Term Structure-0.1%-4.0%3.5%-1.1%-3.3%
VWIV17.5%14.5%19.8%14.5%19.8%
Skew 25d2.2%-4.5%8.4%7.9%2.1%
Skew 10d0.2%-10.0%10.1%-1.4%-7.3%
Call IV 25d16.7%14.0%21.3%21.3%18.6%
Put IV 25d18.9%13.0%29.2%29.2%20.7%
Bid-Ask Spread %120.4094.93138.05125.92133.57
Gamma HHI0.410.290.590.390.43
Net GEX-15.4K-42.5K-1.5K-4.8K-29.5K
Net DEX19.6K-86.9K106.1K27.1K32.8K
Net VEX-1.1K-1.4K-815-1.0K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6.107710
Total OI239.65223247237244

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$51.03$45.0021.9%6.3%25.0%26.0%0.0%7.9%-1.1%-4.8K27.1K-1.0K0.00125.92N/AN/A1028209
2023-12-04$51.65$40.0024.3%5.2%24.3%31.3%0.0%-0.4%3.5%-4.3K17.1K-1.0K0.00128.49N/AN/A0129209
2023-12-05$51.29$40.0029.6%5.9%22.8%43.1%0.0%7.5%-0.6%-4.3K18.4K-1.0K0.00133.58N/AN/A0229209
2023-12-06$51.10$40.0030.0%5.6%22.7%44.2%0.0%8.4%0.7%-5.3K17.9K-1.0K0.00132.73N/AN/A2029211
2023-12-07$51.30$40.0033.1%5.4%22.7%51.0%0.0%6.3%1.5%-4.0K32.5K-1.1K0.00113.71N/AN/A0031211
2023-12-08$51.33$40.0027.2%5.5%21.0%37.9%0.0%1.4%0.1%-5.0K19.3K-1.0K0.00138.05N/AN/A0031211
2023-12-11$51.47$40.0035.3%5.1%21.0%55.8%0.0%1.9%-1.3%-4.6K15.3K-9980.00137.88N/AN/A0031211
2023-12-12$51.65$40.0031.4%5.7%20.3%47.1%0.0%-0.9%0.0%-5.0K17.4K-9970.00105.77N/AN/A3031211
2023-12-13$53.65$40.0016.7%4.8%16.4%14.4%14.5%3.6%2.8%-5.1K-46.2K-8730.00124.23N/AN/A2034211
2023-12-14$55.08$40.0014.7%4.2%18.0%10.6%0.0%1.4%3.2%-1.5K-86.9K-8150.00106.16N/AN/A2036211
2023-12-15$54.25$40.0016.8%4.8%19.3%15.6%19.6%3.6%-0.1%-2.0K-68.2K-8800.00118.88N/AN/A07736211
2023-12-18$54.33$52.0022.9%6.6%19.2%30.4%16.1%0.4%-0.3%-26.1K43.5K-1.2K0.00130.93N/AN/A1033191
2023-12-19$54.66$52.0020.1%5.8%19.2%23.7%0.0%-4.5%-1.4%-24.3K30.4K-1.2K0.00113.00N/AN/A0034191
2023-12-20$53.55$52.0018.1%5.2%21.0%18.9%19.8%1.7%-3.2%-25.0K52.1K-1.3K0.00122.11N/AN/A03032191
2023-12-21$53.52$52.0016.8%4.8%21.1%15.7%0.0%-1.0%-4.0%-42.5K106.1K-1.4K0.00117.73N/AN/A0032211
2023-12-22$53.88$52.0017.1%4.9%21.1%16.4%0.0%2.8%2.2%-30.8K80.4K-1.4K0.00128.55N/AN/A0032211
2023-12-26$54.45$52.0014.0%4.0%21.2%8.9%0.0%-3.1%2.4%-27.8K35.3K-1.2K0.0094.93N/AN/A1032211
2023-12-27$54.40$52.0018.2%5.2%21.3%19.0%0.0%-1.0%-3.3%-30.0K37.7K-1.2K0.0098.38N/AN/A0033211
2023-12-28$54.89$52.0014.1%4.0%21.3%9.2%0.0%5.4%0.9%-26.7K9.3K-1.1K0.00103.32N/AN/A0033211
2023-12-29$54.48$52.0020.8%6.0%21.8%25.2%0.0%2.1%-3.3%-29.5K32.8K-1.2K0.00133.57N/AN/A0033211