HYEM Options History — January 2025

In January 2025, HYEM traded between $19.50 and $19.78. ATM implied volatility averaged 46.1%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 41.0% (HV 20d: 5.1%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.46.

Notable Days

2025-01-07: Highest Volume — 86 contracts
2025-01-15: Largest IV drop — 58.3% change
2025-01-14: Highest IV Rank — 48.0%
2025-01-02: Largest Expected Move — 19.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.64	$19.50	$19.78	$19.50	$19.78
Max Pain	$17.95	$17.00	$18.00	$18.00	$18.00
ATM IV	46.1%	26.4%	85.7%	66.5%	43.4%
Expected Move	11.1%	7.6%	19.1%	19.1%	12.4%
HV 20d	5.1%	3.8%	5.8%	5.2%	3.8%
HV 60d	5.0%	4.7%	5.1%	4.8%	4.7%
IV Rank	15.9%	0.0%	48.0%	32.4%	13.7%
IV Percentile	30.1%	0.0%	94.0%	81.3%	21.4%
Term Structure	5.1%	-28.2%	68.0%	-28.2%	2.2%
VWIV	15.6%	6.5%	22.0%	18.5%	12.4%
Skew 25d	10.4%	-8.8%	42.5%	42.5%	8.6%
Skew 10d	-13.2%	-37.0%	1.3%	-17.4%	-32.9%
Call IV 25d	28.6%	16.4%	54.6%	23.6%	30.0%
Put IV 25d	39.1%	20.7%	66.1%	66.1%	38.6%
Bid-Ask Spread %	168.71	164.14	171.02	165.61	170.12
Gamma HHI	0.32	0.19	0.61	0.39	0.40
Net GEX	1.7K	-3.8K	7.8K	-3.3K	1.5K
Net DEX	-23.4K	-80.2K	25.8K	25.8K	-30.3K
Net VEX	-327	-676	-20	-234	-344
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.00	4.80	0.00	0.00
Total Volume	12.85	0	86	30	0
Total OI	363	266	526	276	270

Daily Data (20 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
2025-01-02	$19.50	$18.00	66.5%	19.1%	5.2%	32.4%	18.5%	42.5%	-28.2%	-3.3K	25.8K	-234	0.00	165.61	N/A	N/A	30	0	82	194
2025-01-03	$19.59	$18.00	47.9%	13.7%	5.5%	17.3%	21.3%	37.9%	7.2%	-3.8K	18.0K	-353	0.00	166.20	N/A	N/A	47	0	112	194
2025-01-06	$19.53	$17.00	72.9%	11.2%	5.6%	37.7%	22.0%	1.9%	-10.6%	-545	-2.7K	-468	4.80	170.62	N/A	N/A	5	24	159	194
2025-01-07	$19.55	$18.00	46.1%	11.0%	5.4%	15.9%	16.2%	4.3%	-10.5%	-1.4K	8.9K	-502	0.01	171.02	N/A	N/A	85	1	164	218
2025-01-08	$19.58	$18.00	48.7%	11.4%	5.4%	18.0%	0.0%	3.5%	-10.7%	2.1K	-33.1K	-676	0.00	170.35	N/A	N/A	19	0	249	219
2025-01-10	$19.57	$18.00	54.0%	11.4%	5.3%	22.3%	0.0%	4.6%	-11.4%	3.4K	-47.9K	-666	0.00	170.35	N/A	N/A	5	0	268	219
2025-01-13	$19.52	$18.00	72.7%	12.6%	5.3%	37.5%	0.0%	0.1%	-16.2%	3.4K	-42.0K	-578	0.25	169.42	N/A	N/A	4	1	273	219
2025-01-14	$19.53	$18.00	85.7%	8.8%	5.3%	48.0%	16.8%	11.5%	10.8%	3.9K	-39.8K	-185	0.00	169.05	N/A	N/A	29	0	276	220
2025-01-15	$19.64	$18.00	35.7%	10.2%	5.7%	7.5%	0.0%	-8.8%	-0.9%	7.8K	-80.2K	-386	0.00	170.07	N/A	N/A	0	0	305	220
2025-01-16	$19.59	$18.00	27.1%	7.8%	5.7%	0.5%	11.2%	24.6%	68.0%	6.0K	-65.4K	-96	0.00	167.55	N/A	N/A	1	0	305	220
2025-01-17	$19.64	$18.00	35.2%	10.1%	5.8%	7.1%	0.0%	5.3%	5.9%	975	-22.7K	-433	0.00	170.49	N/A	N/A	0	0	306	220
2025-01-21	$19.70	$18.00	26.4%	7.6%	5.3%	0.0%	6.5%	3.1%	26.3%	1.5K	-24.6K	-359	0.00	170.20	N/A	N/A	2	0	126	142
2025-01-22	$19.68	$18.00	29.6%	8.5%	5.2%	2.6%	12.4%	22.4%	20.9%	451	-6.0K	-20	0.00	165.47	N/A	N/A	4	0	124	142
2025-01-23	$19.66	$18.00	29.6%	8.5%	5.2%	2.6%	0.0%	25.4%	22.0%	1.3K	-8.5K	-26	0.00	164.14	N/A	N/A	0	0	128	142
2025-01-24	$19.73	$18.00	40.8%	11.7%	5.2%	11.6%	0.0%	-6.5%	1.3%	2.8K	-23.8K	-232	0.00	169.23	N/A	N/A	0	0	128	142
2025-01-27	$19.77	$18.00	40.4%	11.6%	5.1%	11.3%	0.0%	8.2%	4.4%	1.5K	-30.3K	-374	0.00	170.73	N/A	N/A	0	0	128	142
2025-01-28	$19.77	$18.00	42.6%	12.2%	4.9%	13.1%	0.0%	-4.8%	0.4%	3.0K	-24.8K	-213	0.00	169.32	N/A	N/A	0	0	128	142
2025-01-29	$19.75	$18.00	42.1%	12.1%	3.8%	12.7%	0.0%	6.6%	2.8%	1.4K	-29.0K	-359	0.00	169.80	N/A	N/A	0	0	128	142
2025-01-30	$19.77	$18.00	35.0%	10.0%	3.8%	6.9%	0.0%	18.5%	17.4%	1.8K	-10.4K	-37	0.00	164.47	N/A	N/A	0	0	128	142
2025-01-31	$19.78	$18.00	43.4%	12.4%	3.8%	13.7%	0.0%	8.6%	2.2%	1.5K	-30.3K	-344	0.00	170.12	N/A	N/A	0	0	128	142