USRT Options History — March 2024

In March 2024, USRT traded between $52.13 and $54.29. ATM implied volatility averaged 23.7%, placing in the 36.8% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 8.4% (HV 20d: 15.3%). Max pain ranged from $44.00 to $53.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.27.

Notable Days

2024-03-21: Highest Volume — 13 contracts
2024-03-13: Largest IV drop — 53.4% change
2024-03-12: Highest IV Rank — 71.7%
2024-03-01: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.27	$52.13	$54.29	$53.36	$53.78
Max Pain	$52.40	$44.00	$53.00	$44.00	$53.00
ATM IV	23.7%	15.7%	40.3%	22.4%	19.9%
Expected Move	5.5%	4.5%	6.4%	6.4%	5.7%
HV 20d	15.3%	13.4%	17.1%	17.0%	15.8%
HV 60d	16.9%	15.8%	18.6%	18.1%	16.4%
IV Rank	36.8%	18.2%	71.7%	29.2%	32.2%
IV Percentile	58.7%	15.1%	99.6%	65.9%	44.8%
Term Structure	-0.9%	-4.1%	1.8%	-2.6%	-4.1%
VWIV	20.8%	18.4%	23.2%	18.4%	23.2%
Skew 25d	0.0%	-5.5%	3.4%	-0.2%	-1.6%
Skew 10d	-1.7%	-13.4%	6.3%	-13.4%	1.2%
Call IV 25d	20.6%	18.1%	25.5%	25.5%	21.5%
Put IV 25d	20.6%	13.9%	25.3%	25.3%	20.0%
Bid-Ask Spread %	130.72	124.47	135.03	128.83	135.03
Gamma HHI	0.28	0.23	0.34	0.34	0.24
Net GEX	454	-5.0K	6.0K	-1.7K	6.0K
Net DEX	-38.2K	-84.1K	-6.4K	-28.3K	-84.1K
Net VEX	-726	-850	-561	-711	-703
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.27	0.00	0.80	0.00	0.00
Total Volume	1.15	0	13	0	0
Total OI	232.55	206	253	243	219

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
2024-03-01	$53.36	$44.00	22.4%	6.4%	17.0%	29.2%	0.0%	-0.2%	-2.6%	-1.7K	-28.3K	-711	0.00	128.83	N/A	N/A	0	0	73	170
2024-03-04	$53.99	$0.00	25.4%	5.2%	17.1%	36.3%	0.0%	1.8%	0.8%	831	-54.0K	-705	0.00	128.68	N/A	N/A	0	0	73	170
2024-03-05	$53.21	$0.00	27.4%	5.6%	16.9%	41.0%	0.0%	0.7%	-0.1%	470	-26.8K	-850	0.00	129.85	N/A	N/A	1	0	73	170
2024-03-06	$53.64	$0.00	28.9%	5.5%	16.9%	44.6%	0.0%	1.8%	-0.2%	2.3K	-47.4K	-762	0.00	133.24	N/A	N/A	0	0	74	170
2024-03-07	$53.67	$0.00	30.3%	5.5%	16.8%	47.8%	0.0%	1.5%	-0.0%	2.4K	-48.0K	-763	0.00	132.87	N/A	N/A	0	0	74	170
2024-03-08	$54.29	$0.00	32.1%	6.1%	17.0%	52.3%	18.4%	-0.8%	-0.4%	4.6K	-69.2K	-756	0.80	124.47	N/A	N/A	5	4	74	170
2024-03-11	$54.09	$53.00	38.7%	5.5%	17.0%	68.0%	0.0%	1.2%	1.5%	4.1K	-71.2K	-838	0.00	129.60	N/A	N/A	0	0	79	174
2024-03-12	$53.94	$53.00	40.3%	5.4%	17.0%	71.7%	0.0%	0.3%	-2.0%	-598	-68.0K	-561	0.00	131.56	N/A	N/A	0	0	79	174
2024-03-13	$53.75	$53.00	18.8%	5.4%	13.8%	20.3%	0.0%	0.9%	0.5%	2.8K	-55.7K	-765	0.00	130.50	N/A	N/A	0	0	79	174
2024-03-14	$52.59	$53.00	18.7%	5.4%	15.4%	28.2%	0.0%	0.5%	-0.9%	-1.0K	-9.2K	-729	0.00	127.67	N/A	N/A	0	0	79	174
2024-03-15	$52.80	$53.00	20.0%	5.7%	14.1%	32.5%	0.0%	2.5%	-0.8%	-2.5K	-8.4K	-685	0.00	134.09	N/A	N/A	0	0	79	174
2024-03-18	$52.84	$53.00	15.7%	4.5%	13.9%	18.2%	0.0%	3.4%	1.8%	-402	-21.6K	-787	0.00	133.42	N/A	N/A	0	0	75	133
2024-03-19	$52.82	$53.00	19.7%	5.7%	13.7%	31.6%	0.0%	0.8%	-1.1%	-4.1K	-6.4K	-647	0.00	129.13	N/A	N/A	0	0	75	133
2024-03-20	$53.15	$53.00	18.8%	5.4%	13.4%	28.6%	0.0%	-5.5%	-1.5%	-5.0K	-22.8K	-566	0.00	129.31	N/A	N/A	0	0	75	133
2024-03-21	$53.28	$53.00	19.0%	5.4%	13.4%	29.0%	23.2%	-3.7%	-1.6%	1.1K	-38.0K	-635	0.00	130.53	N/A	N/A	13	0	73	133
2024-03-22	$52.59	$53.00	18.3%	5.3%	14.2%	26.9%	0.0%	-0.4%	0.2%	583	-32.2K	-809	0.00	128.78	N/A	N/A	0	0	86	133
2024-03-25	$52.23	$53.00	20.7%	5.9%	13.9%	34.8%	0.0%	-0.4%	-1.7%	-1.3K	-13.6K	-768	0.00	131.96	N/A	N/A	0	0	86	133
2024-03-26	$52.13	$53.00	19.6%	5.6%	13.9%	31.0%	0.0%	0.6%	-1.8%	-1.9K	-7.0K	-761	0.00	133.60	N/A	N/A	0	0	86	133
2024-03-27	$53.16	$53.00	19.5%	5.6%	15.5%	31.0%	0.0%	-2.7%	-4.1%	2.2K	-52.8K	-716	0.00	131.28	N/A	N/A	0	0	86	133
2024-03-28	$53.78	$53.00	19.9%	5.7%	15.8%	32.2%	0.0%	-1.6%	-4.1%	6.0K	-84.1K	-703	0.00	135.03	N/A	N/A	0	0	86	133