USRT Options History — July 2025

In July 2025, USRT traded between $56.13 and $57.95. ATM implied volatility averaged 19.7%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 6.3% (HV 20d: 13.4%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-22: Highest Volume — 4 contracts
2025-07-09: Largest IV drop — 31.1% change
2025-07-08: Highest IV Rank — 20.5%
2025-07-31: Largest Expected Move — 6.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.04	$56.13	$57.95	$56.94	$56.13
Max Pain	$55.00	$55.00	$55.00	$55.00	$55.00
ATM IV	19.7%	17.0%	25.6%	19.9%	21.7%
Expected Move	5.4%	4.9%	6.2%	5.7%	6.2%
HV 20d	13.4%	10.3%	15.2%	12.7%	15.2%
HV 60d	16.3%	13.0%	26.3%	26.3%	14.4%
IV Rank	9.9%	5.0%	20.5%	10.2%	13.6%
IV Percentile	40.5%	7.1%	84.5%	46.4%	64.7%
Term Structure	-0.7%	-6.1%	2.2%	-1.7%	-2.0%
VWIV	15.5%	15.5%	15.5%	15.5%	15.5%
Skew 25d	-3.3%	-10.9%	8.6%	-5.8%	-10.9%
Skew 10d	-6.9%	-15.3%	2.0%	1.1%	-15.3%
Call IV 25d	20.3%	13.6%	25.4%	22.8%	25.4%
Put IV 25d	16.9%	12.8%	22.8%	17.0%	14.5%
Bid-Ask Spread %	138.42	130.22	155.86	149.32	137.06
Gamma HHI	0.20	0.11	0.37	0.23	0.11
Net GEX	2.5K	314	3.8K	3.0K	314
Net DEX	-11.2K	-20.4K	-292	-14.9K	-292
Net VEX	-122	-155	-85	-155	-114
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.409	0	4	0	0
Total OI	52.5	47	54	53	53

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-07-01	$56.94	$55.00	19.9%	5.7%	12.7%	10.2%	0.0%	-5.8%	-1.7%	3.0K	-14.9K	-155	149.32	N/A	N/A	0	0	39	14
2025-07-02	$56.95	$55.00	20.7%	5.9%	12.7%	11.7%	0.0%	-6.1%	-2.8%	2.8K	-14.4K	-151	155.86	N/A	N/A	0	0	39	14
2025-07-03	$57.33	$55.00	22.0%	4.9%	12.9%	14.0%	0.0%	-0.9%	2.2%	3.6K	-20.4K	-155	138.86	N/A	N/A	1	0	39	14
2025-07-07	$56.52	$55.00	23.1%	5.0%	13.8%	16.0%	0.0%	1.5%	1.6%	3.3K	-14.6K	-136	130.99	N/A	N/A	0	0	40	14
2025-07-08	$56.65	$55.00	25.6%	5.1%	13.7%	20.5%	0.0%	-0.6%	0.4%	3.1K	-14.6K	-140	138.81	N/A	N/A	0	0	40	14
2025-07-09	$56.64	$55.00	17.6%	5.1%	13.6%	6.1%	0.0%	-0.4%	1.0%	3.1K	-14.1K	-141	140.48	N/A	N/A	0	0	40	14
2025-07-10	$56.92	$55.00	17.0%	4.9%	13.7%	5.0%	0.0%	-3.5%	0.6%	2.9K	-14.4K	-125	135.24	N/A	N/A	0	0	40	14
2025-07-11	$57.00	$55.00	17.6%	5.0%	13.7%	6.0%	0.0%	-2.5%	1.8%	3.8K	-17.0K	-130	135.90	N/A	N/A	1	0	40	14
2025-07-14	$57.20	$55.00	17.9%	5.1%	13.8%	6.6%	0.0%	-2.9%	0.8%	3.5K	-18.1K	-122	139.15	N/A	N/A	0	0	40	14
2025-07-15	$56.62	$55.00	18.2%	5.2%	13.7%	7.1%	0.0%	0.7%	-1.5%	2.7K	-12.2K	-114	133.88	N/A	N/A	0	0	40	14
2025-07-16	$56.95	$55.00	18.4%	5.3%	13.8%	7.5%	0.0%	-4.5%	0.6%	3.0K	-14.8K	-109	137.10	N/A	N/A	0	0	40	14
2025-07-17	$56.83	$55.00	18.9%	5.4%	13.8%	8.5%	0.0%	-4.0%	0.0%	3.0K	-13.8K	-108	139.05	N/A	N/A	0	0	40	14
2025-07-18	$56.84	$55.00	18.4%	5.3%	13.7%	7.6%	0.0%	-6.0%	-0.2%	2.9K	-13.9K	-103	140.74	N/A	N/A	0	0	40	14
2025-07-21	$56.99	$55.00	19.5%	5.6%	13.7%	9.5%	0.0%	-6.2%	-0.6%	1.0K	-1.0K	-101	137.18	N/A	N/A	0	0	33	14
2025-07-22	$57.91	$55.00	18.7%	5.4%	14.4%	8.1%	0.0%	-3.7%	0.1%	1.9K	-6.1K	-85	135.35	N/A	N/A	4	0	33	14
2025-07-23	$57.95	$55.00	19.6%	5.6%	14.3%	9.6%	0.0%	-5.8%	-1.6%	3.1K	-12.7K	-133	141.61	N/A	N/A	0	0	37	14
2025-07-24	$57.71	$55.00	19.1%	5.5%	10.4%	8.9%	0.0%	-7.5%	-2.4%	2.5K	-10.2K	-122	142.00	N/A	N/A	0	0	37	14
2025-07-25	$57.61	$55.00	18.7%	5.4%	10.3%	8.1%	0.0%	8.6%	-1.5%	2.0K	-7.5K	-118	138.46	N/A	N/A	0	0	37	14
2025-07-28	$56.75	$55.00	20.0%	5.7%	11.8%	10.5%	0.0%	-10.2%	-1.5%	695	-3.7K	-100	135.35	N/A	N/A	0	1	37	14
2025-07-29	$57.80	$55.00	19.8%	5.7%	13.4%	10.0%	15.5%	-0.8%	-2.7%	822	-5.3K	-103	130.22	N/A	N/A	2	0	37	15
2025-07-30	$56.67	$55.00	20.7%	5.9%	14.9%	11.8%	0.0%	-1.9%	-6.1%	832	-3.3K	-119	132.67	N/A	N/A	0	0	38	15
2025-07-31	$56.13	$55.00	21.7%	6.2%	15.2%	13.6%	0.0%	-10.9%	-2.0%	314	-292	-114	137.06	N/A	N/A	0	0	38	15