ATS Options History — March 2025

In March 2025, ATS traded between $25.38 and $28.89. ATM implied volatility averaged 39.5%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 11.2% (HV 20d: 50.8%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 4.98.

Notable Days

  • 2025-03-04: Highest Volume — 165 contracts
  • 2025-03-25: Largest IV spike — 70.4% change
  • 2025-03-07: Highest IV Rank — 17.2%
  • 2025-03-14: Largest Expected Move — 24.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.20$25.38$28.89$28.19$25.66
Max Pain$27.69$25.00$30.00$30.00$30.00
ATM IV39.5%26.5%55.3%33.1%40.3%
Expected Move13.2%8.8%24.9%9.5%11.0%
HV 20d50.8%37.9%59.0%40.6%59.0%
HV 60d42.9%36.1%45.5%36.1%45.4%
IV Rank10.1%4.2%17.2%7.2%10.4%
IV Percentile40.2%9.9%67.9%27.0%44.0%
Term Structure-2.5%-24.3%14.5%-3.9%-1.8%
VWIV43.8%36.0%54.0%37.6%54.0%
Skew 25d5.4%-15.9%27.9%6.3%-2.7%
Skew 10d10.1%-10.6%32.5%0.6%-1.3%
Call IV 25d37.1%21.9%47.9%42.2%46.4%
Put IV 25d42.5%29.5%52.1%48.5%43.7%
Bid-Ask Spread %111.59100.49124.25101.28108.18
Gamma HHI0.530.370.670.620.37
Net GEX68.9K13.6K158.6K145.9K13.6K
Net DEX-708.7K-1.5M-30.3K-1.5M-30.3K
Net VEX-6.7K-9.1K-4.2K-9.1K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.980.0026.500.000.00
Total Volume26.3810165360
Total OI2,522.7621,6522,9642,8931,686

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$28.19$30.0033.1%9.5%40.6%7.2%37.6%6.3%-3.9%145.9K-1.5M-9.1K0.00101.28N/AN/A3602,683210
2025-03-04$27.66$30.0034.3%9.8%37.9%7.7%49.9%-1.2%-4.3%118.8K-958.8K-7.7K0.02105.86N/AN/A16232,691210
2025-03-05$28.89$30.0032.3%9.3%39.6%6.9%36.0%13.4%6.8%158.6K-1.1M-8.3K0.50107.07N/AN/A212,554213
2025-03-06$26.61$30.0053.3%15.3%40.5%16.3%0.0%7.6%-15.6%80.5K-688.1K-6.9K0.00113.45N/AN/A602,555213
2025-03-07$27.32$25.0055.3%15.8%41.2%17.2%0.0%3.8%-12.3%100.2K-872.1K-7.5K10.00113.42N/AN/A1102,558210
2025-03-10$26.46$25.0049.0%14.1%42.4%14.4%41.6%-0.6%-11.5%77.7K-702.8K-6.8K1.75115.92N/AN/A44772,558200
2025-03-11$25.38$25.0043.2%15.5%43.0%11.8%54.0%-15.9%-17.5%46.4K-333.9K-6.0K0.00109.52N/AN/A0532,600275
2025-03-12$27.05$25.0037.4%16.2%49.8%9.1%0.0%20.1%14.5%68.0K-1.5M-8.5K0.00124.25N/AN/A002,600277
2025-03-13$26.13$25.0037.5%20.6%50.9%9.2%0.0%-2.1%-4.7%64.6K-556.1K-6.7K9.00122.22N/AN/A192,600277
2025-03-14$26.15$25.0053.5%24.9%50.6%16.4%0.0%11.6%-24.3%77.0K-967.5K-7.8K0.00114.42N/AN/A002,601269
2025-03-17$27.67$30.0032.6%8.8%55.2%7.0%0.0%-6.2%-10.5%108.1K-849.3K-6.9K0.00113.66N/AN/A002,601269
2025-03-18$27.63$30.0031.4%9.9%55.2%6.4%0.0%9.6%-3.2%104.8K-824.2K-6.7K0.00111.20N/AN/A002,601269
2025-03-19$28.38$30.0032.8%9.9%56.2%7.0%0.0%6.8%-5.2%126.8K-1.4M-6.9K26.50116.28N/AN/A41062,601269
2025-03-20$27.95$0.0029.8%10.4%56.4%5.7%0.0%11.2%2.9%20.6K-439.2K-6.2K0.00114.29N/AN/A002,601363
2025-03-21$27.62$0.0034.2%13.0%56.4%7.7%0.0%9.0%9.5%21.8K-370.2K-5.7K0.00107.63N/AN/A002,601363
2025-03-24$28.46$0.0026.5%9.0%56.9%4.2%0.0%3.1%1.6%21.6K-480.0K-5.9K2.00107.19N/AN/A12241,420232
2025-03-25$27.31$0.0045.1%14.1%58.6%12.6%0.0%-3.0%6.1%18.8K-327.9K-5.7K0.00115.56N/AN/A001,432256
2025-03-26$26.93$0.0050.0%15.8%58.7%14.8%0.0%27.9%13.4%27.6K-377.6K-5.8K0.00110.94N/AN/A021,432256
2025-03-27$26.96$0.0042.5%12.0%58.5%11.5%0.0%8.7%5.3%18.7K-216.3K-5.0K0.00100.49N/AN/A001,432254
2025-03-28$26.80$0.0036.1%11.8%58.4%8.6%0.0%5.7%1.2%27.1K-347.8K-5.7K0.00110.53N/AN/A101,432254
2025-03-31$25.66$0.0040.3%11.0%59.0%10.4%0.0%-2.7%-1.8%13.6K-30.3K-4.2K0.00108.18N/AN/A001,432254