ESGV Options History — March 2025

In March 2025, ESGV traded between $96.88 and $103.46. ATM implied volatility averaged 21.8%, placing in the 49.5% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 2.1% (HV 20d: 19.7%). Max pain ranged from $99.00 to $107.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.50.

Notable Days

2025-03-11: Highest Volume — 56 contracts
2025-03-10: Largest IV spike — 50.0% change
2025-03-10: Highest IV Rank — 100.0%
2025-03-10: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$99.92	$96.88	$103.46	$102.84	$97.94
Max Pain	$104.87	$99.00	$107.00	$99.00	$107.00
ATM IV	21.8%	16.8%	34.2%	22.6%	22.6%
Expected Move	6.5%	4.8%	9.8%	6.5%	5.8%
HV 20d	19.7%	13.0%	25.1%	13.1%	24.9%
HV 60d	17.0%	14.9%	18.6%	15.0%	18.6%
IV Rank	49.5%	24.5%	100.0%	62.8%	50.0%
IV Percentile	87.1%	64.6%	100.0%	96.2%	92.0%
Term Structure	-1.7%	-11.5%	4.2%	-4.0%	-3.0%
VWIV	36.1%	36.1%	36.1%	36.1%	36.1%
Skew 25d	4.5%	-0.4%	9.8%	-0.4%	5.8%
Skew 10d	3.3%	-3.8%	8.6%	4.1%	1.8%
Call IV 25d	14.6%	11.2%	16.7%	16.2%	16.2%
Put IV 25d	19.1%	15.8%	24.0%	15.8%	22.0%
Bid-Ask Spread %	119.48	110.64	127.90	126.84	115.44
Gamma HHI	0.38	0.34	0.43	0.34	0.41
Net GEX	4.0K	-24	9.4K	1.3K	5.9K
Net DEX	-31.5K	-93.1K	1.4K	-9.5K	-5.5K
Net VEX	-787	-1.3K	-36	-56	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.00	1.00	1.00	0.00
Total Volume	2.857	0	56	0	0
Total OI	42.19	3	63	3	62

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$102.84	$0.00	22.6%	6.5%	13.1%	62.8%	0.0%	-0.4%	-4.0%	1.3K	-9.5K	-56	0.00	126.84	0	0	3	0
2025-03-04	$102.63	$0.00	22.4%	6.4%	13.0%	61.2%	0.0%	4.2%	-3.1%	1.3K	-8.2K	-52	0.00	125.51	0	0	3	0
2025-03-05	$103.46	$0.00	20.2%	5.8%	13.2%	49.6%	0.0%	7.4%	0.3%	1.4K	-9.3K	-54	0.00	127.90	0	0	3	0
2025-03-06	$101.18	$0.00	24.9%	7.1%	14.9%	75.2%	0.0%	6.3%	-2.0%	1.1K	-6.3K	-46	0.00	123.24	0	0	3	0
2025-03-07	$101.65	$0.00	22.8%	6.5%	15.0%	63.5%	0.0%	8.8%	-0.8%	1.2K	-7.2K	-49	0.00	126.28	0	0	3	0
2025-03-10	$98.47	$0.00	34.2%	9.8%	18.1%	100.0%	36.1%	8.9%	-4.9%	799	-4.7K	-36	0.00	116.96	0	1	3	0
2025-03-11	$98.52	$99.00	23.5%	8.6%	17.7%	54.0%	0.0%	9.8%	-1.6%	-24	1.4K	-39	1.00	121.84	28	28	3	1
2025-03-12	$98.57	$99.00	21.8%	8.2%	17.8%	46.6%	0.0%	4.3%	-0.7%	3.4K	-21.6K	-1.2K	0.00	121.25	0	0	31	29
2025-03-13	$96.88	$99.00	24.3%	8.5%	18.3%	57.3%	0.0%	4.2%	-1.1%	2.4K	-3.7K	-1.2K	0.00	119.61	0	1	31	29
2025-03-14	$98.85	$99.00	21.1%	8.5%	19.6%	43.4%	0.0%	4.5%	-0.0%	3.5K	-23.1K	-1.3K	0.00	125.28	0	0	31	30
2025-03-17	$100.21	$107.00	20.6%	5.7%	20.6%	41.3%	0.0%	6.6%	-1.6%	3.3K	-51.4K	-1.2K	0.00	114.11	0	0	31	30
2025-03-18	$98.48	$107.00	21.9%	6.0%	21.1%	47.1%	0.0%	3.8%	-2.2%	2.7K	-30.9K	-1.2K	0.00	112.17	2	0	31	30
2025-03-19	$100.17	$107.00	16.8%	5.0%	22.4%	24.5%	0.0%	1.7%	4.2%	6.1K	-42.7K	-1.1K	0.00	114.86	0	0	33	30
2025-03-20	$99.43	$107.00	21.5%	5.3%	22.4%	45.1%	0.0%	3.1%	-3.0%	5.1K	-48.8K	-1.2K	0.00	110.64	0	0	33	30
2025-03-21	$98.89	$107.00	21.0%	5.5%	21.7%	42.8%	0.0%	5.2%	-1.6%	4.7K	-29.8K	-1.1K	0.00	112.78	0	0	33	30
2025-03-24	$101.28	$107.00	17.8%	5.2%	23.9%	29.2%	0.0%	5.6%	0.5%	9.4K	-93.1K	-1.1K	0.00	123.53	0	0	33	29
2025-03-25	$101.39	$107.00	17.0%	5.4%	23.8%	25.7%	0.0%	-0.1%	1.6%	9.0K	-90.3K	-1.1K	0.00	120.49	0	0	33	29
2025-03-26	$99.91	$107.00	17.0%	4.8%	24.1%	25.6%	0.0%	2.4%	-1.3%	8.0K	-86.9K	-1.1K	0.00	118.46	0	0	33	29
2025-03-27	$100.14	$107.00	19.4%	5.5%	23.5%	36.3%	0.0%	1.9%	0.3%	7.4K	-59.2K	-1.1K	0.00	117.83	0	0	33	29
2025-03-28	$97.35	$107.00	24.4%	5.8%	25.1%	57.8%	0.0%	0.8%	-11.5%	5.8K	-30.5K	-1.1K	0.00	114.13	0	0	33	29
2025-03-31	$97.94	$107.00	22.6%	5.8%	24.9%	50.0%	0.0%	5.8%	-3.0%	5.9K	-5.5K	-1.1K	0.00	115.44	0	0	33	29