HYEM Options History — May 2025

In May 2025, HYEM traded between $19.21 and $19.68. ATM implied volatility averaged 39.6%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 25.8% (HV 20d: 13.7%). Max pain ranged from $16.00 to $23.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 3.29.

Notable Days

2025-05-23: Highest Volume — 191 contracts
2025-05-14: Largest IV drop — 67.9% change
2025-05-12: Highest IV Rank — 45.5%
2025-05-02: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.46	$19.21	$19.68	$19.25	$19.66
Max Pain	$17.10	$16.00	$23.00	$17.00	$17.00
ATM IV	39.6%	22.8%	79.5%	41.1%	28.8%
Expected Move	8.3%	6.5%	11.9%	11.8%	8.3%
HV 20d	13.7%	7.7%	27.0%	27.0%	8.4%
HV 60d	15.9%	15.6%	16.2%	15.6%	16.2%
IV Rank	14.5%	1.5%	45.5%	15.7%	6.2%
IV Percentile	26.5%	0.4%	92.1%	18.7%	4.4%
Term Structure	-6.9%	-17.5%	-4.3%	-17.1%	-7.8%
VWIV	30.7%	18.5%	46.7%	46.7%	27.0%
Skew 25d	1.3%	0.0%	9.1%	0.1%	1.3%
Skew 10d	1.0%	-15.0%	11.4%	2.8%	2.0%
Call IV 25d	34.7%	26.5%	51.8%	51.8%	35.0%
Put IV 25d	36.0%	27.2%	52.5%	51.9%	36.2%
Bid-Ask Spread %	149.39	143.30	153.94	151.28	143.30
Gamma HHI	0.38	0.25	0.50	0.50	0.41
Net GEX	1.7K	302	2.8K	2.4K	2.6K
Net DEX	-11.8K	-19.9K	-5.1K	-14.8K	-16.1K
Net VEX	-121	-322	-50	-119	-204
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.29	0.00	10.00	0.00	0.62
Total Volume	22.095	0	191	1	0
Total OI	217.762	84	352	209	298

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-05-01	$19.25	$17.00	41.1%	11.8%	27.0%	15.7%	0.0%	0.1%	-17.1%	2.4K	-14.8K	-119	0.00	151.28	N/A	N/A	1	0	175	34
2025-05-02	$19.26	$17.00	41.6%	11.9%	26.7%	16.2%	0.0%	9.1%	-17.5%	2.0K	-12.4K	-99	0.00	150.88	N/A	N/A	0	0	176	34
2025-05-05	$19.24	$23.00	47.0%	7.4%	26.6%	20.3%	46.7%	0.0%	-4.4%	2.2K	-13.5K	-103	10.00	153.94	N/A	N/A	1	10	176	34
2025-05-06	$19.21	$16.00	48.4%	7.5%	20.8%	21.4%	0.0%	0.8%	-4.4%	1.9K	-11.5K	-99	0.00	153.63	N/A	N/A	0	0	177	44
2025-05-07	$19.27	$16.00	50.9%	7.5%	20.8%	23.3%	0.0%	1.1%	-4.6%	2.2K	-13.2K	-102	0.00	153.53	N/A	N/A	0	0	177	44
2025-05-08	$19.30	$16.00	52.8%	7.8%	14.8%	24.8%	0.0%	1.1%	-4.9%	2.2K	-13.5K	-102	0.00	153.36	N/A	N/A	0	0	177	44
2025-05-09	$19.33	$16.00	57.5%	7.8%	14.0%	28.4%	0.0%	1.2%	-5.0%	2.3K	-14.0K	-97	0.00	153.11	N/A	N/A	0	0	177	44
2025-05-12	$19.62	$17.00	79.5%	8.0%	14.4%	45.5%	0.0%	1.5%	-5.6%	2.6K	-16.8K	-112	0.00	153.41	N/A	N/A	0	0	177	74
2025-05-13	$19.48	$17.00	72.2%	6.5%	14.7%	39.9%	0.0%	0.7%	-4.3%	946	-6.8K	-62	0.00	144.86	N/A	N/A	0	0	177	74
2025-05-14	$19.43	$17.00	23.2%	6.6%	11.4%	1.8%	0.0%	0.6%	-4.6%	747	-5.9K	-59	0.00	144.80	N/A	N/A	0	0	177	74
2025-05-15	$19.50	$17.00	22.8%	6.5%	11.4%	1.6%	18.5%	0.8%	-4.3%	777	-6.3K	-50	9.10	144.31	N/A	N/A	10	91	177	74
2025-05-16	$19.52	$17.00	22.8%	6.5%	10.2%	1.5%	0.0%	0.2%	-4.3%	302	-5.3K	-53	0.00	145.01	N/A	N/A	137	0	187	165
2025-05-19	$19.59	$17.00	29.3%	8.4%	9.6%	6.6%	27.0%	0.5%	-6.2%	445	-5.1K	-81	0.00	152.57	N/A	N/A	23	0	43	41
2025-05-20	$19.64	$17.00	30.3%	8.7%	8.4%	7.4%	0.0%	0.5%	-6.3%	1.4K	-13.1K	-119	0.00	151.74	N/A	N/A	0	0	66	41
2025-05-21	$19.48	$17.00	31.4%	9.0%	7.9%	8.2%	0.0%	1.3%	-6.7%	1.1K	-10.6K	-112	0.00	151.78	N/A	N/A	0	0	66	41
2025-05-22	$19.50	$17.00	26.6%	7.6%	7.9%	4.5%	0.0%	2.0%	-6.2%	1.1K	-8.6K	-78	0.00	144.30	N/A	N/A	0	0	66	41
2025-05-23	$19.49	$17.00	33.1%	9.5%	7.7%	9.5%	0.0%	1.6%	-6.5%	1.1K	-10.9K	-112	0.62	151.72	N/A	N/A	118	73	66	41
2025-05-27	$19.68	$17.00	27.6%	7.9%	8.3%	5.3%	0.0%	1.2%	-6.5%	2.8K	-17.3K	-235	0.00	144.36	N/A	N/A	0	0	184	114
2025-05-28	$19.57	$17.00	28.1%	8.1%	8.6%	5.7%	0.0%	1.0%	-7.3%	2.1K	-12.9K	-212	0.00	143.50	N/A	N/A	0	0	184	114
2025-05-29	$19.55	$17.00	35.9%	10.3%	8.6%	11.7%	0.0%	0.5%	-10.0%	2.5K	-19.9K	-322	0.00	151.74	N/A	N/A	0	0	184	114
2025-05-30	$19.66	$17.00	28.8%	8.3%	8.4%	6.2%	0.0%	1.3%	-7.8%	2.6K	-16.1K	-204	0.00	143.30	N/A	N/A	0	0	184	114