USRT Options History — April 2025

In April 2025, USRT traded between $49.89 and $57.98. ATM implied volatility averaged 31.4%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 6.7% (HV 20d: 38.2%). Max pain ranged from $60.00 to $63.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.40.

Notable Days

2025-04-02: Highest Volume — 61 contracts
2025-04-09: Largest IV drop — 54.1% change
2025-04-07: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$54.45	$49.89	$57.98	$57.41	$55.63
Max Pain	$62.14	$60.00	$63.00	$63.00	$60.00
ATM IV	31.4%	22.4%	69.4%	23.2%	23.5%
Expected Move	7.9%	5.3%	11.9%	5.3%	6.7%
HV 20d	38.2%	19.8%	44.6%	19.8%	44.1%
HV 60d	24.8%	15.7%	28.0%	15.9%	27.9%
IV Rank	36.4%	15.6%	100.0%	29.7%	16.8%
IV Percentile	85.8%	71.0%	100.0%	78.6%	75.4%
Term Structure	-4.1%	-11.4%	0.4%	-4.4%	-2.0%
VWIV	18.3%	16.2%	20.4%	20.4%	16.2%
Skew 25d	2.8%	-3.1%	8.5%	5.1%	3.1%
Skew 10d	-0.2%	-12.0%	12.7%	-12.0%	-11.2%
Call IV 25d	27.7%	18.0%	48.9%	21.5%	24.3%
Put IV 25d	30.5%	19.5%	54.1%	26.6%	27.4%
Bid-Ask Spread %	134.95	123.63	145.93	131.47	130.74
Gamma HHI	0.49	0.11	0.99	0.98	0.11
Net GEX	16.9K	-395	73.0K	55.9K	-92
Net DEX	-49.8K	-219.2K	15.7K	-129.3K	10.6K
Net VEX	-380	-907	-166	-633	-173
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	2.00	0.00	0.00
Total Volume	3.762	0	61	0	0
Total OI	444.143	78	684	609	81

Daily Data (21 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
2025-04-01	$57.41	$63.00	23.2%	5.3%	19.8%	29.7%	0.0%	5.1%	-4.4%	55.9K	-129.3K	-633	0.00	131.47	N/A	N/A	0	0	607	2
2025-04-02	$57.98	$63.00	22.4%	5.3%	20.1%	27.1%	20.4%	1.5%	0.2%	73.0K	-170.3K	-724	0.00	137.31	N/A	N/A	61	0	607	2
2025-04-03	$55.59	$63.00	31.5%	6.6%	23.6%	57.4%	0.0%	2.6%	-7.7%	40.0K	-120.5K	-601	0.00	144.78	N/A	N/A	0	0	668	2
2025-04-04	$53.77	$63.00	41.3%	8.4%	25.9%	90.0%	0.0%	2.6%	-5.0%	26.4K	-88.2K	-459	0.00	142.38	N/A	N/A	0	0	668	2
2025-04-07	$51.36	$63.00	60.6%	10.8%	29.8%	100.0%	0.0%	-3.1%	-8.4%	20.1K	-86.6K	-453	2.00	142.37	N/A	N/A	1	2	668	2
2025-04-08	$49.89	$63.00	69.4%	11.9%	30.9%	100.0%	0.0%	5.8%	-8.4%	17.6K	-83.2K	-476	0.00	126.31	N/A	N/A	0	10	668	4
2025-04-09	$53.52	$63.00	31.9%	9.1%	41.3%	32.0%	0.0%	8.5%	-5.2%	28.4K	-97.8K	-646	0.00	145.93	N/A	N/A	1	0	668	14
2025-04-10	$51.79	$63.00	40.6%	11.6%	42.0%	47.8%	0.0%	5.2%	-11.4%	35.1K	-219.2K	-907	0.00	142.94	N/A	N/A	1	0	669	14
2025-04-11	$52.86	$63.00	36.5%	10.5%	42.5%	40.4%	0.0%	1.8%	-9.3%	24.7K	-84.9K	-562	0.00	141.57	N/A	N/A	0	0	670	14
2025-04-14	$54.14	$63.00	29.0%	8.3%	42.7%	26.8%	0.0%	3.5%	-3.8%	17.8K	-38.5K	-348	0.00	139.61	N/A	N/A	0	0	670	14
2025-04-15	$54.26	$63.00	25.3%	7.2%	42.6%	20.0%	0.0%	7.4%	-1.1%	2.3K	5.0K	-213	0.00	130.05	N/A	N/A	0	0	670	14
2025-04-16	$53.98	$63.00	28.4%	8.1%	42.5%	25.6%	0.0%	1.7%	-5.6%	9.7K	-14.3K	-258	0.00	140.13	N/A	N/A	0	0	670	14
2025-04-17	$55.10	$63.00	26.5%	7.6%	43.3%	22.3%	0.0%	2.2%	-1.0%	1.3K	3.8K	-210	0.00	128.21	N/A	N/A	0	0	670	14
2025-04-21	$53.69	$63.00	27.7%	7.9%	44.0%	24.4%	0.0%	1.2%	-1.8%	-395	15.7K	-200	0.00	123.63	N/A	N/A	0	0	64	14
2025-04-22	$54.95	$63.00	25.4%	7.3%	44.5%	20.1%	16.2%	2.3%	-0.2%	-278	12.8K	-187	0.00	129.72	N/A	N/A	3	0	64	14
2025-04-23	$55.01	$60.00	25.0%	7.2%	44.4%	19.5%	0.0%	0.6%	-6.9%	1.3K	4.8K	-212	0.00	126.82	N/A	N/A	0	0	67	14
2025-04-24	$55.55	$60.00	22.8%	6.5%	44.5%	15.6%	0.0%	2.9%	0.4%	710	8.9K	-195	0.00	131.95	N/A	N/A	0	0	67	14
2025-04-25	$55.41	$60.00	23.3%	6.7%	44.5%	16.4%	0.0%	1.7%	-0.2%	530	9.0K	-192	0.00	133.50	N/A	N/A	0	0	67	14
2025-04-28	$55.73	$60.00	23.2%	6.6%	44.6%	16.2%	0.0%	1.2%	-1.4%	255	7.7K	-168	0.00	132.73	N/A	N/A	0	0	67	14
2025-04-29	$55.73	$60.00	22.8%	6.5%	44.2%	15.6%	0.0%	1.5%	-2.3%	98	8.0K	-166	0.00	131.82	N/A	N/A	0	0	67	14
2025-04-30	$55.63	$60.00	23.5%	6.7%	44.1%	16.8%	0.0%	3.1%	-2.0%	-92	10.6K	-173	0.00	130.74	N/A	N/A	0	0	67	14