USRT Options History — February 2024

In February 2024, USRT traded between $51.13 and $53.05. ATM implied volatility averaged 21.8%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 4.4% (HV 20d: 17.4%). Max pain ranged from $44.00 to $44.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 7.00.

Notable Days

  • 2024-02-13: Highest Volume — 22 contracts
  • 2024-02-07: Largest IV drop — 28.8% change
  • 2024-02-05: Highest IV Rank — 42.8%
  • 2024-02-29: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.38$51.13$53.05$52.77$53.05
Max Pain$44.00$44.00$44.00$44.00$44.00
ATM IV21.8%18.4%28.1%22.2%23.9%
Expected Move5.9%5.0%6.9%5.4%6.9%
HV 20d17.4%15.6%19.0%15.6%17.8%
HV 60d19.1%17.2%20.7%20.7%18.2%
IV Rank27.6%19.5%42.8%28.5%32.6%
IV Percentile56.9%29.8%92.1%61.1%75.0%
Term Structure0.2%-6.1%8.9%3.0%-6.1%
VWIV25.4%12.3%36.9%27.0%12.3%
Skew 25d-1.0%-7.2%4.8%3.1%-7.2%
Skew 10d-2.9%-15.6%3.8%3.1%-15.6%
Call IV 25d21.4%15.2%26.7%15.2%26.7%
Put IV 25d20.4%14.0%26.6%18.3%19.6%
Bid-Ask Spread %130.27125.42133.24126.64131.54
Gamma HHI0.250.180.320.220.29
Net GEX-4.6K-8.4K-76-2.9K-182
Net DEX-2.4K-37.7K64.2K-37.7K-21.4K
Net VEX-1.0K-1.3K-786-1.2K-812
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.000.0021.0021.000.00
Total Volume2.4502200
Total OI327.45240406364243

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$52.77$0.0022.2%5.4%15.6%28.5%0.0%3.1%3.0%-2.9K-37.7K-1.2K0.00126.64N/AN/A00151213
2024-02-02$52.35$0.0022.2%5.0%15.8%28.7%0.0%-1.6%1.9%-7.8K-21.9K-1.3K0.00125.42N/AN/A00151213
2024-02-05$51.53$0.0028.1%5.5%16.5%42.8%27.0%3.0%1.5%-6.1K35.8K-1.2K0.00128.35N/AN/A020151213
2024-02-06$52.02$44.0026.8%5.5%16.1%39.6%0.0%-2.2%0.7%-6.1K11.1K-1.1K0.00128.39N/AN/A00151233
2024-02-07$51.91$44.0019.1%5.5%16.0%21.2%0.0%-5.7%0.0%-6.5K16.7K-1.1K0.00131.79N/AN/A00151233
2024-02-08$52.40$44.0018.4%5.3%16.4%19.5%0.0%2.1%4.8%-7.7K-8.0K-1.1K0.00127.50N/AN/A00151233
2024-02-09$52.27$44.0019.3%5.5%16.1%21.7%0.0%-2.8%1.3%-7.8K-2.1K-1.1K0.00130.97N/AN/A00151233
2024-02-12$52.48$44.0020.5%5.9%15.7%24.6%0.0%-2.1%-0.4%-6.5K-16.2K-1.1K0.00133.21N/AN/A00151233
2024-02-13$51.13$44.0020.5%5.9%17.9%24.4%36.9%0.9%-0.3%-7.1K64.2K-1.1K21.00128.17N/AN/A121151233
2024-02-14$51.94$44.0019.5%5.6%18.0%22.2%0.0%-4.6%0.7%-7.2K18.4K-1.0K0.00130.95N/AN/A40152254
2024-02-15$52.87$44.0019.7%5.7%19.0%22.6%0.0%1.9%8.5%-8.4K-35.7K-9710.00132.34N/AN/A00152254
2024-02-16$52.59$44.0020.1%5.8%18.5%23.6%0.0%2.1%8.9%-7.2K-18.7K-9850.00133.00N/AN/A00152254
2024-02-20$52.27$44.0022.4%6.4%18.5%29.1%0.0%-4.1%-1.3%-2.2K5.2K-9370.00131.35N/AN/A0070170
2024-02-21$52.81$44.0021.4%6.1%18.8%26.8%0.0%2.4%-1.8%-1.6K-7.2K-9060.00133.24N/AN/A0070170
2024-02-22$52.98$44.0021.7%6.2%18.2%27.3%12.3%4.8%-2.5%-670-16.3K-8940.00132.59N/AN/A3070170
2024-02-23$52.88$44.0021.7%6.2%18.0%27.4%0.0%0.3%-3.7%-76-18.2K-8600.00131.65N/AN/A0073170
2024-02-26$52.34$44.0022.6%6.5%18.3%29.6%0.0%-5.2%-2.3%-2.3K5.2K-8980.00130.65N/AN/A0073170
2024-02-27$52.33$44.0023.6%6.8%18.2%31.8%0.0%-6.3%-3.1%-2.1K5.3K-8770.00131.12N/AN/A0073170
2024-02-28$52.64$44.0022.1%6.3%18.2%28.2%0.0%1.3%-5.1%-1.6K-6.4K-7860.00126.60N/AN/A0073170
2024-02-29$53.05$44.0023.9%6.9%17.8%32.6%0.0%-7.2%-6.1%-182-21.4K-8120.00131.54N/AN/A0073170