USRT Options History — January 2024

In January 2024, USRT traded between $51.92 and $54.64. ATM implied volatility averaged 21.5%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 3.2% (HV 20d: 18.3%). Max pain ranged from $52.00 to $52.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.71.

Notable Days

  • 2024-01-19: Highest Volume — 146 contracts
  • 2024-01-09: Largest IV spike — 53.7% change
  • 2024-01-09: Highest IV Rank — 43.8%
  • 2024-01-16: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.20$51.92$54.64$54.64$51.92
Max Pain$52.00$52.00$52.00$52.00$52.00
ATM IV21.5%16.6%28.6%19.7%23.2%
Expected Move6.0%4.8%7.5%5.7%6.6%
HV 20d18.3%15.4%22.7%20.4%15.8%
HV 60d22.7%20.9%23.5%23.1%20.9%
IV Rank26.9%15.1%43.8%22.6%30.9%
IV Percentile52.7%19.4%92.9%37.3%68.3%
Term Structure-2.5%-8.8%3.4%-2.7%-5.1%
VWIV22.8%19.5%26.1%19.5%26.1%
Skew 25d0.0%-8.0%5.2%-4.9%1.3%
Skew 10d0.1%-11.3%12.9%-10.8%-11.3%
Call IV 25d21.2%16.0%26.1%18.6%26.1%
Put IV 25d21.2%13.7%27.4%13.7%27.4%
Bid-Ask Spread %123.71105.54130.64129.34125.00
Gamma HHI0.310.190.680.440.19
Net GEX-16.8K-98.3K998-31.0K-3.7K
Net DEX-3.8K-92.0K151.9K30.7K-9.3K
Net VEX-1.4K-1.6K-1.1K-1.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.008.570.000.00
Total Volume17.4290146470
Total OI380.238244485244364

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$54.64$52.0019.7%5.7%20.4%22.6%19.5%-4.9%-2.7%-31.0K30.7K-1.1K0.00129.34N/AN/A47033211
2024-01-03$53.53$52.0016.6%4.8%21.8%15.1%0.0%-4.1%-0.3%-17.0K38.9K-1.5K8.57127.47N/AN/A76080211
2024-01-04$53.72$52.0024.5%7.1%21.6%34.1%0.0%-4.0%-3.7%-16.2K27.3K-1.6K0.00120.71N/AN/A5087271
2024-01-05$53.42$52.0024.8%5.1%21.6%34.8%0.0%-4.8%1.0%-19.0K41.4K-1.6K0.00122.53N/AN/A0092271
2024-01-08$54.16$52.0018.6%5.9%22.0%20.0%0.0%5.2%-3.7%-11.4K-40.1K-1.5K0.00112.30N/AN/A0092271
2024-01-09$53.86$52.0028.6%6.1%22.2%43.8%0.0%1.8%3.4%-13.4K-31.5K-1.5K0.00105.54N/AN/A0092271
2024-01-10$54.03$52.0018.5%5.3%22.2%19.8%0.0%2.8%1.4%-11.1K-74.6K-1.3K0.00120.48N/AN/A0092271
2024-01-11$53.47$52.0018.4%5.3%22.7%19.5%26.1%3.6%0.2%-20.1K-4.7K-1.3K0.00130.64N/AN/A41092271
2024-01-12$53.97$52.0020.9%6.0%18.5%25.5%0.0%1.2%-6.5%-2.6K-92.0K-1.5K0.00126.86N/AN/A060154271
2024-01-16$53.56$52.0026.3%7.5%15.9%38.3%0.0%5.1%-8.8%-12.4K-24.3K-1.4K0.00125.21N/AN/A00154331
2024-01-17$52.59$52.0019.2%5.5%16.3%21.3%0.0%-0.9%1.1%-45.3K125.2K-1.3K0.00127.13N/AN/A00154331
2024-01-18$52.33$52.0019.9%5.7%16.3%23.1%0.0%-1.9%-1.2%-98.3K151.9K-1.2K0.00129.26N/AN/A00154331
2024-01-19$53.01$52.0020.1%5.8%16.9%23.7%0.0%2.3%1.5%-30.9K56.7K-1.1K0.00127.37N/AN/A1460154331
2024-01-22$53.27$52.0020.2%5.8%15.4%23.7%0.0%3.0%-4.3%998-83.5K-1.4K0.00126.16N/AN/A00151213
2024-01-23$52.89$52.0020.0%5.7%15.6%23.4%0.0%0.7%-1.0%-3.0K-59.5K-1.3K0.00125.27N/AN/A00151213
2024-01-24$52.20$52.0022.0%6.3%16.0%28.0%0.0%-8.0%-2.0%-2.9K1.4K-1.4K0.00124.66N/AN/A00151213
2024-01-25$52.63$52.0021.7%6.2%15.8%27.4%0.0%-1.3%-4.4%-3.6K-36.6K-1.3K0.00124.71N/AN/A00151213
2024-01-26$52.61$52.0020.7%5.9%15.8%25.0%0.0%-1.2%-4.8%-3.6K-39.7K-1.3K0.00123.49N/AN/A00151213
2024-01-29$52.91$52.0024.9%7.1%15.5%34.9%0.0%1.5%-6.5%-2.4K-62.2K-1.4K0.00119.34N/AN/A00151213
2024-01-30$52.55$52.0022.8%6.5%15.5%29.9%0.0%3.7%-5.9%-5.5K4.5K-1.3K0.00124.54N/AN/A00151213
2024-01-31$51.92$52.0023.2%6.6%15.8%30.9%0.0%1.3%-5.1%-3.7K-9.3K-1.2K0.00125.00N/AN/A00151213