USRT Options History — December 2025

In December 2025, USRT traded between $56.71 and $58.52. ATM implied volatility averaged 20.0%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 9.4% (HV 20d: 10.6%). Max pain ranged from $58.00 to $62.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-03: Highest Volume — 1 contracts
2025-12-10: Largest IV drop — 33.4% change
2025-12-08: Highest IV Rank — 27.8%
2025-12-03: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$57.46	$56.71	$58.52	$58.52	$57.05
Max Pain	$60.77	$58.00	$62.00	$61.00	$58.00
ATM IV	20.0%	17.0%	27.7%	20.9%	20.2%
Expected Move	5.4%	4.9%	6.4%	6.0%	5.8%
HV 20d	10.6%	9.6%	11.6%	11.1%	9.8%
HV 60d	12.7%	12.4%	13.0%	12.9%	12.4%
IV Rank	14.6%	9.3%	27.8%	16.1%	14.9%
IV Percentile	39.2%	4.4%	90.5%	58.7%	52.0%
Term Structure	-2.2%	-5.4%	1.2%	-4.9%	-4.2%
VWIV	18.5%	18.5%	18.5%	18.5%	18.5%
Skew 25d	1.0%	-6.7%	5.3%	0.1%	0.7%
Skew 10d	0.4%	-13.1%	1.9%	-0.6%	1.1%
Call IV 25d	20.4%	15.2%	24.5%	24.2%	23.7%
Put IV 25d	21.3%	12.9%	25.1%	24.3%	24.4%
Bid-Ask Spread %	158.80	153.29	161.37	158.67	158.78
Gamma HHI	0.22	0.16	0.35	0.35	0.17
Net GEX	973	540	1.4K	1.4K	1.3K
Net DEX	-5.9K	-12.5K	-2.9K	-12.5K	-7.4K
Net VEX	-52	-62	-44	-62	-59
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	0.182	0	1	0	0
Total OI	8.773	8	10	9	10

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	Call OI	Put OI
2025-12-01	$58.52	$61.00	20.9%	6.0%	11.1%	16.1%	0.0%	0.1%	-4.9%	1.4K	-12.5K	-62	158.67	N/A	N/A	0	7	2
2025-12-02	$58.40	$61.00	21.9%	6.3%	11.0%	17.9%	0.0%	1.2%	-5.4%	1.3K	-11.5K	-62	157.50	N/A	N/A	0	7	2
2025-12-03	$58.28	$61.00	22.3%	6.4%	11.0%	18.6%	0.0%	0.5%	-2.6%	1.3K	-11.5K	-62	158.80	N/A	N/A	1	7	2
2025-12-04	$58.05	$62.00	22.3%	5.0%	11.0%	18.5%	0.0%	0.1%	0.4%	1.0K	-5.6K	-55	158.69	N/A	N/A	0	6	2
2025-12-05	$58.11	$62.00	23.1%	5.0%	11.0%	19.9%	0.0%	1.1%	-1.5%	1.0K	-5.8K	-52	160.83	N/A	N/A	0	6	2
2025-12-08	$57.47	$62.00	27.7%	5.3%	10.9%	27.8%	0.0%	-6.7%	-1.3%	767	-3.7K	-48	160.88	N/A	N/A	0	6	2
2025-12-09	$57.30	$62.00	27.0%	5.2%	10.8%	26.8%	0.0%	4.6%	1.2%	702	-3.3K	-48	157.55	N/A	N/A	0	6	2
2025-12-10	$57.63	$62.00	18.0%	5.2%	10.9%	11.1%	0.0%	1.8%	-1.3%	817	-4.2K	-47	159.02	N/A	N/A	1	6	2
2025-12-11	$57.58	$62.00	18.3%	5.2%	10.7%	11.6%	0.0%	1.3%	-1.9%	939	-5.3K	-59	158.61	N/A	N/A	0	7	2
2025-12-12	$57.52	$62.00	17.4%	5.0%	9.7%	10.2%	0.0%	-1.1%	-2.5%	885	-4.7K	-56	157.92	N/A	N/A	0	7	2
2025-12-15	$57.96	$62.00	18.3%	5.2%	10.0%	11.6%	0.0%	1.9%	-1.8%	1.1K	-6.0K	-54	161.37	N/A	N/A	0	7	2
2025-12-16	$56.92	$62.00	17.0%	4.9%	11.6%	9.3%	0.0%	0.7%	-0.9%	713	-3.8K	-48	153.29	N/A	N/A	0	7	2
2025-12-17	$57.14	$62.00	17.8%	5.1%	11.5%	10.7%	0.0%	1.1%	-1.8%	842	-4.4K	-50	156.78	N/A	N/A	0	7	2
2025-12-18	$57.02	$62.00	17.1%	4.9%	11.2%	9.6%	0.0%	1.0%	-1.4%	746	-3.9K	-48	154.91	N/A	N/A	0	7	2
2025-12-19	$56.71	$62.00	17.7%	5.1%	11.4%	10.5%	0.0%	1.1%	-1.8%	633	-3.1K	-47	158.84	N/A	N/A	0	7	2
2025-12-22	$56.84	$62.00	18.1%	5.2%	10.6%	11.2%	18.5%	1.0%	-2.7%	540	-2.9K	-44	157.64	N/A	N/A	1	6	2
2025-12-23	$56.74	$58.00	18.0%	5.2%	10.5%	11.1%	0.0%	1.3%	-2.7%	919	-4.6K	-49	160.90	N/A	N/A	0	7	2
2025-12-24	$57.18	$58.00	18.3%	5.2%	10.1%	11.6%	0.0%	1.7%	-2.5%	1.1K	-6.2K	-52	159.95	N/A	N/A	0	7	2
2025-12-26	$57.13	$58.00	18.7%	5.4%	9.7%	12.4%	0.0%	1.3%	-3.1%	1.1K	-6.1K	-50	161.36	N/A	N/A	0	7	2
2025-12-29	$57.23	$58.00	19.7%	5.6%	9.8%	14.0%	0.0%	5.3%	-3.2%	1.1K	-6.1K	-48	159.96	N/A	N/A	0	7	2
2025-12-30	$57.42	$58.00	20.4%	5.9%	9.6%	15.3%	0.0%	1.2%	-3.2%	1.2K	-6.6K	-48	161.23	N/A	N/A	1	7	2
2025-12-31	$57.05	$58.00	20.2%	5.8%	9.8%	14.9%	0.0%	0.7%	-4.2%	1.3K	-7.4K	-59	158.78	N/A	N/A	0	8	2