USRT Options History — November 2025

In November 2025, USRT traded between $57.28 and $59.02. ATM implied volatility averaged 19.1%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 4.4% (HV 20d: 14.8%). Max pain ranged from $58.00 to $58.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.05.

Notable Days

2025-11-07: Highest Volume — 12 contracts
2025-11-12: Largest IV spike — 65.3% change
2025-11-28: Highest IV Rank — 15.5%
2025-11-05: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.05	$57.28	$59.02	$57.52	$59.02
Max Pain	$58.00	$58.00	$58.00	$58.00	$58.00
ATM IV	19.1%	11.6%	21.9%	20.4%	20.5%
Expected Move	5.6%	5.1%	6.3%	5.9%	5.9%
HV 20d	14.8%	10.7%	16.1%	16.1%	10.7%
HV 60d	13.6%	13.0%	14.1%	14.1%	13.0%
IV Rank	11.8%	0.0%	15.5%	11.3%	15.5%
IV Percentile	38.8%	0.0%	65.9%	52.8%	54.4%
Term Structure	-1.9%	-4.4%	0.8%	-2.2%	-4.4%
VWIV	21.9%	21.9%	21.9%	21.9%	21.9%
Skew 25d	4.3%	-0.2%	16.6%	10.9%	0.9%
Skew 10d	7.1%	-0.0%	17.2%	13.6%	0.4%
Call IV 25d	17.2%	5.7%	22.1%	13.6%	22.1%
Put IV 25d	21.5%	13.3%	25.7%	24.6%	23.1%
Bid-Ask Spread %	151.53	139.79	157.88	139.79	157.88
Gamma HHI	0.39	0.31	0.74	0.31	0.41
Net GEX	12.6K	273	30.0K	5.0K	1.2K
Net DEX	-31.9K	-88.5K	-6.7K	-23.1K	-12.3K
Net VEX	-109	-171	-49	-143	-61
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.00	0.20	0.20	0.00
Total Volume	1.579	0	12	0	1
Total OI	38.421	5	56	34	8

Daily Data (19 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
2025-11-03	$57.52	$58.00	20.4%	5.9%	16.1%	11.3%	0.0%	10.9%	-2.2%	5.0K	-23.1K	-143	0.00	139.79	N/A	N/A	0	0	21	13
2025-11-04	$57.69	$58.00	20.5%	5.9%	16.1%	11.4%	0.0%	10.0%	-2.0%	5.4K	-25.4K	-142	0.00	142.58	N/A	N/A	0	0	21	13
2025-11-05	$57.88	$58.00	21.9%	6.3%	16.0%	13.9%	0.0%	13.2%	-3.9%	6.0K	-25.3K	-137	0.00	141.08	N/A	N/A	0	0	21	13
2025-11-06	$57.71	$0.00	21.9%	5.3%	16.0%	13.8%	0.0%	1.8%	-0.3%	5.4K	-25.8K	-136	0.00	154.01	N/A	N/A	0	0	21	13
2025-11-07	$58.38	$0.00	15.9%	5.1%	15.8%	3.1%	0.0%	2.1%	0.8%	8.7K	-31.4K	-127	0.20	153.19	N/A	N/A	10	2	21	13
2025-11-10	$58.53	$0.00	17.3%	5.1%	15.7%	5.6%	0.0%	0.1%	0.2%	20.8K	-69.1K	-150	0.00	146.10	N/A	N/A	0	0	31	14
2025-11-11	$58.81	$0.00	11.6%	5.1%	15.6%	0.0%	0.0%	1.7%	-0.9%	20.4K	-81.9K	-142	0.10	156.87	N/A	N/A	10	1	31	14
2025-11-12	$58.48	$0.00	19.1%	5.5%	14.4%	13.1%	0.0%	1.1%	-3.9%	30.0K	-88.5K	-171	0.00	156.66	N/A	N/A	0	0	41	14
2025-11-13	$57.72	$0.00	18.6%	5.3%	15.0%	12.2%	0.0%	0.3%	-1.8%	21.5K	-43.2K	-147	0.00	154.04	N/A	N/A	0	0	41	14
2025-11-14	$57.89	$0.00	19.2%	5.5%	14.7%	13.3%	0.0%	2.0%	-1.3%	24.7K	-48.1K	-141	0.00	156.28	N/A	N/A	0	0	41	14
2025-11-17	$57.42	$0.00	19.3%	5.5%	14.5%	13.3%	0.0%	0.5%	-2.3%	16.2K	-22.5K	-98	0.00	152.84	N/A	N/A	1	0	41	14
2025-11-18	$57.75	$0.00	19.3%	5.5%	14.7%	13.4%	0.0%	1.7%	-1.1%	23.5K	-34.6K	-99	0.00	154.78	N/A	N/A	0	0	42	14
2025-11-19	$57.30	$0.00	19.9%	5.7%	14.7%	14.4%	0.0%	1.5%	-2.0%	14.0K	-14.4K	-80	0.00	151.67	N/A	N/A	0	0	42	14
2025-11-20	$57.28	$0.00	19.7%	5.6%	14.7%	14.0%	0.0%	-0.2%	-2.1%	12.9K	-11.7K	-68	0.00	154.59	N/A	N/A	0	0	42	14
2025-11-21	$57.91	$0.00	19.6%	5.6%	15.3%	13.9%	0.0%	2.2%	-0.9%	20.9K	-19.2K	-52	0.00	142.39	N/A	N/A	2	0	39	14
2025-11-24	$58.02	$0.00	19.0%	5.4%	15.3%	12.8%	0.0%	1.7%	-0.2%	273	-6.7K	-49	0.00	156.75	N/A	N/A	3	0	3	2
2025-11-25	$58.67	$0.00	20.1%	5.7%	14.5%	14.7%	0.0%	13.8%	-3.7%	1.1K	-11.2K	-64	0.00	154.64	N/A	N/A	0	0	6	2
2025-11-26	$59.00	$0.00	19.7%	5.6%	10.9%	14.0%	0.0%	16.6%	-3.6%	1.2K	-12.2K	-65	0.00	152.96	N/A	N/A	0	0	6	2
2025-11-28	$59.02	$0.00	20.5%	5.9%	10.7%	15.5%	21.9%	0.9%	-4.4%	1.2K	-12.3K	-61	0.00	157.88	N/A	N/A	1	0	6	2