USRT Options History — September 2025

In September 2025, USRT traded between $57.52 and $59.31. ATM implied volatility averaged 20.4%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 6.4% (HV 20d: 13.9%). Max pain ranged from $58.00 to $62.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-09-10: Highest Volume — 18 contracts
2025-09-10: Largest IV drop — 30.0% change
2025-09-09: Highest IV Rank — 24.1%
2025-09-03: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.35	$57.52	$59.31	$57.52	$58.56
Max Pain	$59.19	$58.00	$62.00	$62.00	$58.00
ATM IV	20.4%	15.5%	27.5%	22.2%	15.5%
Expected Move	5.5%	4.4%	6.6%	6.4%	4.4%
HV 20d	13.9%	11.1%	15.5%	14.5%	11.1%
HV 60d	14.1%	13.3%	14.8%	14.1%	13.3%
IV Rank	11.1%	2.2%	24.1%	14.4%	2.2%
IV Percentile	46.6%	1.2%	90.9%	69.8%	1.2%
Term Structure	-1.8%	-5.0%	5.4%	-3.2%	5.4%
VWIV	13.8%	12.9%	14.8%	12.9%	14.8%
Skew 25d	-1.4%	-9.1%	4.5%	-9.1%	-6.6%
Skew 10d	1.4%	-12.8%	13.4%	2.9%	-2.4%
Call IV 25d	18.4%	10.6%	24.3%	24.3%	21.7%
Put IV 25d	17.0%	12.0%	21.5%	15.2%	15.2%
Bid-Ask Spread %	147.39	140.10	157.50	151.94	151.86
Gamma HHI	0.41	0.18	0.63	0.18	0.59
Net GEX	8.3K	436	14.5K	436	12.0K
Net DEX	-41.8K	-80.4K	-1.7K	-1.7K	-57.9K
Net VEX	-189	-266	-103	-108	-205
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	1.857	0	18	0	0
Total OI	33.286	17	53	17	36

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-09-02	$57.52	$62.00	22.2%	6.4%	14.5%	14.4%	0.0%	-9.1%	-3.2%	436	-1.7K	-108	151.94	N/A	N/A	0	0	7	10
2025-09-03	$57.72	$62.00	23.2%	6.6%	14.4%	16.1%	0.0%	-3.9%	-3.9%	567	-2.2K	-104	157.50	N/A	N/A	0	0	7	10
2025-09-04	$58.23	$0.00	22.6%	5.5%	14.4%	15.1%	0.0%	4.5%	-1.4%	734	-4.0K	-103	142.84	N/A	N/A	2	0	7	10
2025-09-05	$58.84	$0.00	21.9%	5.2%	14.7%	13.8%	0.0%	3.9%	-2.1%	1.7K	-12.2K	-121	142.38	N/A	N/A	0	0	9	10
2025-09-08	$58.39	$0.00	26.9%	5.3%	14.7%	23.0%	0.0%	-1.2%	-1.7%	1.4K	-9.2K	-119	149.46	N/A	N/A	0	0	9	10
2025-09-09	$58.42	$0.00	27.5%	5.4%	14.6%	24.1%	0.0%	-0.3%	-2.4%	1.5K	-10.0K	-119	149.06	N/A	N/A	0	0	9	10
2025-09-10	$58.44	$0.00	19.3%	5.5%	14.6%	9.1%	12.9%	-6.0%	-2.1%	1.5K	-10.7K	-117	142.52	N/A	N/A	18	0	9	10
2025-09-11	$59.31	$59.00	16.2%	4.7%	14.8%	3.6%	0.0%	-6.8%	-1.5%	10.5K	-64.4K	-243	144.16	N/A	N/A	6	0	27	10
2025-09-12	$59.28	$59.00	19.2%	5.5%	14.4%	9.0%	0.0%	-3.0%	-0.5%	13.3K	-80.4K	-266	145.81	N/A	N/A	0	0	33	10
2025-09-15	$59.09	$59.00	19.9%	5.7%	14.6%	10.2%	0.0%	-2.8%	-1.6%	12.5K	-77.4K	-252	145.30	N/A	N/A	0	0	33	10
2025-09-16	$58.25	$59.00	19.9%	5.7%	15.5%	10.2%	0.0%	2.3%	-1.2%	10.9K	-65.8K	-243	142.57	N/A	N/A	10	0	33	10
2025-09-17	$58.08	$59.00	19.2%	5.5%	14.6%	9.0%	0.0%	1.6%	-0.5%	13.5K	-68.4K	-245	140.10	N/A	N/A	0	0	43	10
2025-09-18	$58.20	$59.00	20.9%	6.0%	14.5%	12.1%	0.0%	2.3%	-2.1%	14.1K	-67.0K	-237	143.11	N/A	N/A	0	0	43	10
2025-09-19	$58.17	$59.00	18.9%	5.4%	14.3%	8.4%	0.0%	0.6%	-3.5%	14.5K	-54.0K	-217	145.10	N/A	N/A	0	0	43	10
2025-09-22	$58.06	$59.00	17.9%	5.1%	12.9%	6.7%	0.0%	4.1%	-1.0%	9.5K	-37.5K	-198	147.39	N/A	N/A	2	0	24	10
2025-09-23	$58.47	$59.00	19.4%	5.6%	12.9%	9.3%	0.0%	-2.9%	-2.8%	11.6K	-59.5K	-223	149.03	N/A	N/A	0	0	25	10
2025-09-24	$57.99	$59.00	19.4%	5.5%	13.3%	9.3%	0.0%	-4.5%	-1.4%	10.2K	-49.0K	-220	152.71	N/A	N/A	0	0	25	10
2025-09-25	$57.76	$59.00	17.3%	5.0%	12.5%	5.6%	14.8%	0.8%	-2.5%	11.3K	-41.7K	-206	149.51	N/A	N/A	0	1	25	10
2025-09-26	$58.30	$58.00	19.9%	5.7%	12.9%	10.3%	0.0%	-0.6%	-3.3%	11.1K	-52.6K	-218	149.78	N/A	N/A	0	0	25	11
2025-09-29	$58.29	$58.00	21.3%	6.1%	12.7%	12.7%	0.0%	-1.6%	-5.0%	11.0K	-51.6K	-206	153.10	N/A	N/A	0	0	25	11
2025-09-30	$58.56	$58.00	15.5%	4.4%	11.1%	2.2%	0.0%	-6.6%	5.4%	12.0K	-57.9K	-205	151.86	N/A	N/A	0	0	25	11