ESGV Options History — December 2025

In December 2025, ESGV traded between $119.09 and $122.61. ATM implied volatility averaged 16.3%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.5% (HV 20d: 12.8%). Max pain ranged from $123.00 to $123.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.33.

Notable Days

2025-12-16: Highest Volume — 2 contracts
2025-12-10: Largest IV drop — 31.9% change
2025-12-09: Highest IV Rank — 24.2%
2025-12-02: Largest Expected Move — 5.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$121.31	$119.09	$122.61	$120.72	$121.17
Max Pain	$123.00	$123.00	$123.00	$123.00	$123.00
ATM IV	16.3%	13.5%	21.9%	18.2%	16.0%
Expected Move	4.4%	3.9%	5.2%	5.2%	4.6%
HV 20d	12.8%	8.9%	16.8%	16.7%	9.3%
HV 60d	13.4%	13.2%	13.7%	13.3%	13.7%
IV Rank	11.6%	5.4%	24.2%	15.9%	10.7%
IV Percentile	43.0%	13.9%	81.0%	67.5%	42.1%
Term Structure	-1.6%	-5.9%	1.6%	-4.9%	-4.6%
Skew 25d	3.4%	1.9%	6.2%	2.8%	2.9%
Skew 10d	5.9%	1.2%	9.0%	2.8%	8.3%
Call IV 25d	11.6%	8.4%	14.7%	14.3%	11.9%
Put IV 25d	15.0%	14.1%	17.3%	17.1%	14.8%
Bid-Ask Spread %	143.70	133.73	152.63	145.20	145.05
Gamma HHI	0.51	0.45	0.64	0.51	0.64
Net GEX	11.6K	5.9K	15.1K	12.1K	8.3K
Net DEX	-255.0K	-289.9K	-226.8K	-234.4K	-285.1K
Net VEX	-481	-624	-265	-619	-303
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.00	1.00	0.00	0.00
Total Volume	0.273	0	2	0	0
Total OI	37.591	35	40	38	35

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-12-01	$120.72	$123.00	18.2%	5.2%	16.7%	15.9%	0.0%	2.8%	-4.9%	12.1K	-234.4K	-619	0.00	145.20	0	0	31	7
2025-12-02	$121.08	$123.00	18.3%	5.2%	16.8%	16.1%	0.0%	3.8%	-2.0%	12.3K	-238.0K	-624	0.00	146.68	0	0	31	7
2025-12-03	$121.44	$123.00	18.3%	5.2%	16.4%	16.1%	0.0%	1.9%	-3.5%	11.9K	-244.3K	-614	0.00	143.68	0	0	31	7
2025-12-04	$121.11	$0.00	18.4%	4.1%	16.3%	16.3%	0.0%	3.5%	1.3%	12.5K	-247.7K	-566	0.00	142.18	0	0	31	7
2025-12-05	$121.68	$0.00	18.4%	4.0%	15.4%	16.3%	0.0%	2.4%	0.4%	12.2K	-261.5K	-529	0.00	145.46	0	0	31	7
2025-12-08	$121.19	$0.00	19.7%	4.3%	15.4%	19.2%	0.0%	5.0%	-0.5%	12.7K	-249.0K	-547	0.00	145.00	0	0	31	7
2025-12-09	$121.36	$0.00	21.9%	4.4%	13.9%	24.2%	0.0%	2.9%	-1.3%	12.8K	-251.4K	-520	0.00	136.23	0	0	31	7
2025-12-10	$122.25	$0.00	14.9%	4.3%	14.2%	8.6%	0.0%	3.2%	1.3%	15.0K	-259.3K	-506	0.00	140.96	0	0	31	7
2025-12-11	$122.17	$0.00	15.5%	4.5%	14.2%	10.0%	0.0%	3.6%	-1.0%	12.7K	-259.4K	-522	0.00	133.73	0	0	31	7
2025-12-12	$120.71	$0.00	13.5%	3.9%	13.2%	5.4%	0.0%	2.7%	1.6%	12.7K	-252.7K	-495	0.00	139.81	0	0	31	7
2025-12-15	$120.47	$0.00	15.1%	4.3%	13.2%	8.9%	0.0%	3.5%	-0.8%	12.8K	-246.2K	-507	0.00	146.32	0	0	31	7
2025-12-16	$120.48	$0.00	14.3%	4.1%	12.1%	6.8%	0.0%	2.2%	1.3%	13.8K	-229.3K	-546	0.00	144.73	2	0	31	7
2025-12-17	$119.09	$0.00	16.1%	4.6%	12.8%	11.0%	0.0%	2.2%	-3.7%	14.5K	-227.5K	-558	1.00	143.54	1	1	33	7
2025-12-18	$120.28	$0.00	15.5%	4.5%	13.2%	9.7%	0.0%	3.8%	1.6%	14.4K	-226.8K	-556	0.00	142.79	0	0	32	7
2025-12-19	$120.69	$0.00	15.7%	4.5%	11.4%	10.0%	0.0%	3.7%	-1.0%	15.1K	-243.5K	-510	0.00	145.34	0	0	32	7
2025-12-22	$121.59	$0.00	14.6%	4.2%	10.9%	7.6%	0.0%	3.6%	-1.8%	11.3K	-256.4K	-447	0.00	143.81	0	0	30	7
2025-12-23	$122.13	$0.00	14.5%	4.1%	9.8%	7.3%	0.0%	6.2%	-0.9%	9.7K	-271.3K	-405	0.00	142.69	1	0	30	7
2025-12-24	$122.56	$0.00	14.1%	4.0%	9.3%	6.5%	0.0%	3.6%	-5.9%	6.5K	-286.9K	-293	0.00	141.07	0	0	29	7
2025-12-26	$122.61	$0.00	14.8%	4.3%	8.9%	8.2%	0.0%	3.3%	-4.2%	5.9K	-289.9K	-265	0.00	152.63	0	0	29	7
2025-12-29	$122.03	$0.00	15.9%	4.6%	9.1%	10.5%	0.0%	5.0%	-1.9%	8.1K	-275.8K	-308	0.00	151.90	0	0	29	7
2025-12-30	$121.93	$0.00	15.9%	4.6%	9.1%	10.6%	0.0%	3.4%	-4.6%	8.2K	-273.2K	-345	0.00	142.60	0	1	29	7
2025-12-31	$121.17	$0.00	16.0%	4.6%	9.3%	10.7%	0.0%	2.9%	-4.6%	8.3K	-285.1K	-303	0.00	145.05	0	0	29	6