ATS Options History — November 2025

In November 2025, ATS traded between $24.16 and $29.41. ATM implied volatility averaged 49.3%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 2.6% (HV 20d: 46.8%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.22.

Notable Days

2025-11-06: Highest Volume — 106 contracts
2025-11-21: Largest IV spike — 47.9% change
2025-11-03: Highest IV Rank — 35.1%
2025-11-03: Largest Expected Move — 20.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.16	$24.16	$29.41	$27.02	$25.50
Max Pain	$27.89	$25.00	$30.00	$25.00	$25.00
ATM IV	49.3%	35.0%	72.7%	72.7%	46.8%
Expected Move	13.4%	7.7%	20.9%	20.9%	13.4%
HV 20d	46.8%	30.6%	50.9%	31.0%	50.0%
HV 60d	42.0%	37.6%	43.6%	37.6%	41.2%
IV Rank	18.2%	7.5%	35.1%	35.1%	17.1%
IV Percentile	51.8%	22.2%	87.7%	87.7%	47.6%
Term Structure	-7.2%	-44.2%	16.2%	-24.9%	-14.1%
VWIV	40.5%	25.2%	61.7%	61.7%	45.2%
Skew 25d	1.6%	-19.3%	31.9%	7.8%	-19.3%
Skew 10d	10.9%	-16.5%	45.3%	45.3%	-8.1%
Call IV 25d	47.0%	23.2%	74.1%	74.1%	51.8%
Put IV 25d	48.5%	25.0%	81.9%	81.9%	32.4%
Bid-Ask Spread %	120.49	108.65	137.11	120.11	109.41
Gamma HHI	0.83	0.58	0.93	0.92	0.62
Net GEX	6.9K	2.7K	16.6K	8.9K	3.4K
Net DEX	-88.6K	-220.4K	-25.1K	-123.0K	-29.8K
Net VEX	-395	-643	-155	-586	-155
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.00	2.00	0.00	0.00
Total Volume	7.316	0	106	0	8
Total OI	184.632	174	191	191	175

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	$27.02	$25.00	72.7%	20.9%	31.0%	35.1%	0.0%	7.8%	-24.9%	8.9K	-123.0K	-586	0.00	120.11	N/A	N/A	0	0	186	5
2025-11-04	$26.89	$25.00	54.1%	15.5%	30.6%	21.1%	0.0%	-3.0%	-8.4%	8.9K	-110.9K	-544	0.00	121.28	N/A	N/A	8	0	186	5
2025-11-05	$29.41	$25.00	62.8%	18.0%	43.9%	27.7%	61.7%	16.8%	-44.2%	9.7K	-220.4K	-643	2.00	115.72	N/A	N/A	1	2	178	5
2025-11-06	$28.07	$30.00	38.0%	8.8%	46.7%	9.0%	25.2%	-4.5%	7.9%	16.6K	-188.7K	-643	0.00	120.79	N/A	N/A	106	0	179	5
2025-11-07	$26.88	$30.00	55.6%	11.5%	49.0%	22.3%	0.0%	0.4%	-4.3%	8.6K	-107.5K	-511	0.00	126.89	N/A	N/A	0	1	181	5
2025-11-10	$27.30	$30.00	50.4%	7.7%	48.0%	18.4%	0.0%	-7.5%	-4.9%	10.0K	-107.9K	-510	0.00	113.70	N/A	N/A	0	0	181	6
2025-11-11	$27.42	$30.00	50.4%	14.1%	47.9%	18.4%	49.0%	6.4%	-12.9%	9.0K	-140.3K	-552	0.00	126.83	N/A	N/A	1	0	181	6
2025-11-12	$27.24	$30.00	46.7%	13.4%	47.9%	15.5%	34.7%	4.5%	-20.9%	9.8K	-105.2K	-470	0.00	113.20	N/A	N/A	2	0	181	6
2025-11-13	$26.91	$30.00	39.1%	11.2%	48.0%	9.9%	0.0%	0.7%	16.2%	8.5K	-109.3K	-477	0.00	120.25	N/A	N/A	0	0	183	6
2025-11-14	$25.96	$30.00	49.0%	14.0%	49.0%	17.3%	0.0%	-1.5%	-4.7%	6.6K	-93.4K	-440	0.00	131.74	N/A	N/A	0	1	183	6
2025-11-17	$25.45	$30.00	41.9%	12.0%	49.3%	13.1%	0.0%	-1.8%	-8.4%	5.5K	-62.2K	-341	0.00	135.44	N/A	N/A	0	0	183	5
2025-11-18	$24.68	$30.00	50.8%	14.6%	49.3%	20.4%	0.0%	0.3%	-3.4%	4.7K	-48.1K	-289	0.00	108.65	N/A	N/A	0	3	183	5
2025-11-19	$24.83	$30.00	52.8%	15.1%	49.2%	22.0%	0.0%	12.1%	-9.1%	4.8K	-55.8K	-319	0.00	115.79	N/A	N/A	0	0	183	3
2025-11-20	$24.16	$30.00	35.0%	10.0%	49.2%	7.5%	35.6%	-4.4%	6.7%	2.7K	-25.1K	-157	0.00	114.44	N/A	N/A	2	0	183	3
2025-11-21	$24.27	$25.00	51.8%	14.9%	48.9%	21.2%	0.0%	-4.4%	-14.9%	4.3K	-50.2K	-263	0.00	137.11	N/A	N/A	0	0	184	3
2025-11-24	$24.37	$25.00	52.9%	15.2%	49.0%	22.0%	0.0%	-15.2%	1.9%	3.9K	-39.9K	-229	0.00	134.24	N/A	N/A	0	0	173	2
2025-11-25	$25.05	$25.00	43.1%	12.4%	50.4%	14.0%	46.1%	10.4%	-7.6%	3.2K	-35.2K	-201	0.00	110.23	N/A	N/A	2	0	173	2
2025-11-26	$25.68	$25.00	43.1%	12.4%	50.9%	14.1%	26.3%	31.9%	14.1%	2.9K	-31.2K	-175	0.00	113.53	N/A	N/A	2	0	172	2
2025-11-28	$25.50	$25.00	46.8%	13.4%	50.0%	17.1%	45.2%	-19.3%	-14.1%	3.4K	-29.8K	-155	0.00	109.41	N/A	N/A	8	0	173	2