ESGV Options History — November 2025

In November 2025, ESGV traded between $115.25 and $121.59. ATM implied volatility averaged 18.4%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 3.1% (HV 20d: 15.3%). Max pain ranged from $120.00 to $123.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.50.

Notable Days

2025-11-05: Highest Volume — 3 contracts
2025-11-17: Largest IV spike — 21.1% change
2025-11-20: Highest IV Rank — 24.4%
2025-11-20: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$119.24	$115.25	$121.59	$121.59	$120.86
Max Pain	$122.53	$120.00	$123.00	$120.00	$123.00
ATM IV	18.4%	14.2%	22.0%	17.6%	18.0%
Expected Move	5.1%	4.1%	6.3%	5.1%	5.1%
HV 20d	15.3%	13.2%	17.2%	14.6%	16.9%
HV 60d	12.3%	11.0%	13.4%	11.0%	13.3%
IV Rank	16.4%	7.0%	24.4%	14.6%	15.4%
IV Percentile	64.0%	19.4%	81.7%	64.3%	66.7%
Term Structure	-1.0%	-3.9%	1.5%	-1.7%	-1.7%
VWIV	34.0%	34.0%	34.0%	34.0%	34.0%
Skew 25d	3.7%	0.0%	7.1%	4.6%	3.6%
Skew 10d	4.2%	2.2%	8.4%	2.4%	4.3%
Call IV 25d	13.9%	10.9%	18.0%	13.4%	13.4%
Put IV 25d	17.7%	14.5%	22.8%	18.0%	17.0%
Bid-Ask Spread %	128.65	111.61	147.76	111.61	147.76
Gamma HHI	0.46	0.36	0.58	0.57	0.52
Net GEX	10.7K	5.4K	12.7K	9.8K	12.0K
Net DEX	-205.5K	-246.6K	-144.9K	-246.6K	-232.0K
Net VEX	-765	-834	-642	-725	-684
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.50	0.50	0.50	0.50
Total Volume	0.211	0	3	1	0
Total OI	41.474	36	45	36	38

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 Vol	Put Vol	Call OI	Put OI
2025-11-03	$121.59	$120.00	17.6%	5.1%	14.6%	14.6%	34.0%	4.6%	-1.7%	9.8K	-246.6K	-725	0.00	111.61	0	1	30	6
2025-11-04	$120.30	$120.00	17.8%	5.1%	15.0%	15.1%	0.0%	2.8%	-0.7%	10.2K	-228.1K	-756	0.00	112.92	0	0	30	6
2025-11-05	$120.88	$120.00	18.1%	5.2%	14.9%	15.6%	0.0%	2.6%	-2.9%	10.5K	-231.0K	-762	0.50	112.47	2	1	30	6
2025-11-06	$119.10	$123.00	17.2%	4.9%	15.9%	13.7%	0.0%	1.3%	-0.6%	12.3K	-216.8K	-807	0.00	130.69	0	0	32	7
2025-11-07	$118.77	$123.00	20.2%	4.8%	13.2%	20.3%	0.0%	5.7%	-1.2%	12.2K	-194.2K	-834	0.00	121.55	0	0	32	7
2025-11-10	$121.02	$123.00	18.9%	4.5%	14.1%	17.6%	0.0%	2.2%	0.3%	11.9K	-231.7K	-770	0.00	136.48	0	0	32	13
2025-11-11	$121.23	$123.00	19.6%	4.4%	13.9%	19.1%	0.0%	2.1%	0.6%	11.6K	-239.6K	-763	0.00	141.20	0	0	32	13
2025-11-12	$121.29	$123.00	15.9%	4.6%	13.9%	10.7%	0.0%	4.3%	1.5%	11.4K	-243.6K	-749	0.00	139.01	0	0	32	13
2025-11-13	$119.06	$123.00	15.9%	4.6%	15.3%	10.8%	0.0%	0.0%	1.0%	11.1K	-215.6K	-768	0.00	122.08	0	0	32	13
2025-11-14	$118.97	$123.00	17.9%	5.1%	15.1%	15.3%	0.0%	3.4%	-2.1%	9.4K	-192.0K	-822	0.00	128.84	0	0	32	13
2025-11-17	$117.39	$123.00	21.7%	6.2%	15.2%	23.7%	0.0%	5.5%	-1.2%	9.3K	-181.5K	-801	0.00	115.20	0	0	32	13
2025-11-18	$116.95	$123.00	20.5%	5.9%	15.2%	21.1%	0.0%	4.3%	-1.7%	8.9K	-159.1K	-808	0.00	128.92	0	0	32	13
2025-11-19	$117.19	$123.00	20.1%	5.8%	15.0%	20.2%	0.0%	4.0%	-2.5%	9.6K	-167.5K	-803	0.00	130.31	0	0	32	13
2025-11-20	$115.25	$123.00	22.0%	6.3%	15.7%	24.4%	0.0%	4.9%	-1.4%	5.4K	-144.9K	-795	0.00	124.39	0	0	32	13
2025-11-21	$116.73	$123.00	21.2%	6.1%	16.1%	22.6%	0.0%	7.1%	-3.9%	10.5K	-158.9K	-780	0.00	120.26	0	0	32	13
2025-11-24	$118.51	$123.00	17.1%	4.9%	16.5%	13.4%	0.0%	6.7%	-1.1%	12.2K	-183.0K	-747	0.00	135.32	0	0	31	7
2025-11-25	$119.72	$123.00	14.2%	4.1%	16.9%	7.0%	0.0%	3.0%	1.0%	12.7K	-202.4K	-725	0.00	138.72	0	0	31	7
2025-11-26	$120.79	$123.00	15.6%	4.5%	17.2%	10.1%	0.0%	2.8%	-0.6%	12.0K	-236.0K	-642	0.00	146.67	0	0	31	7
2025-11-28	$120.86	$123.00	18.0%	5.1%	16.9%	15.4%	0.0%	3.6%	-1.7%	12.0K	-232.0K	-684	0.00	147.76	0	0	31	7