HYEM Options History — September 2025

In September 2025, HYEM traded between $19.94 and $20.16. ATM implied volatility averaged 31.5%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 23.6% (HV 20d: 7.9%). Max pain ranged from $18.00 to $20.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 0 of 21 days.

Notable Days

  • 2025-09-22: Highest Volume — 11 contracts
  • 2025-09-08: Largest IV spike — 43.8% change
  • 2025-09-09: Highest IV Rank — 25.3%
  • 2025-09-03: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.10$19.94$20.16$19.94$20.06
Max Pain$19.48$18.00$20.00$18.00$20.00
ATM IV31.5%24.1%43.4%35.6%34.8%
Expected Move8.3%6.9%10.3%10.2%10.0%
HV 20d7.9%3.0%10.5%10.3%3.0%
HV 60d6.5%6.3%6.6%6.6%6.3%
IV Rank15.7%9.7%25.3%19.0%18.3%
IV Percentile24.5%5.2%54.4%32.9%36.5%
Term Structure-9.9%-12.7%-7.5%-11.4%-12.4%
VWIV23.3%20.3%26.4%26.4%20.3%
Skew 25d11.0%1.1%25.4%25.4%20.6%
Skew 10d2.2%-3.7%3.3%1.6%2.0%
Call IV 25d26.6%16.7%37.8%21.5%26.1%
Put IV 25d37.6%22.8%47.9%46.8%46.7%
Bid-Ask Spread %152.32149.86154.45150.45150.59
Gamma HHI0.560.460.900.490.50
Net GEX666-1.2K2.9K-1.2K1.5K
Net DEX-10.1K-18.4K-3.0K-3.0K-4.6K
Net VEX-119-178-77-178-96
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.38101100
Total OI127.2385615815480

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$19.94$18.0035.6%10.2%10.3%19.0%0.0%25.4%-11.4%-1.2K-3.0K-1780.00150.45N/AN/A0054100
2025-09-03$20.02$18.0035.9%10.3%10.3%19.2%0.0%23.9%-12.7%-799-6.1K-1750.00150.13N/AN/A0054100
2025-09-04$20.03$19.0036.3%7.1%10.3%19.5%0.0%5.0%-7.5%-677-7.3K-1630.00154.43N/AN/A0054100
2025-09-05$20.13$19.0029.4%7.0%10.4%13.9%0.0%15.9%-7.8%438-14.4K-1390.00154.19N/AN/A0054100
2025-09-08$20.08$19.0042.3%7.3%10.5%24.4%0.0%5.0%-8.8%-435-8.3K-1500.00154.45N/AN/A0054100
2025-09-09$20.08$19.0043.4%7.4%10.5%25.3%0.0%5.4%-9.0%-354-9.1K-1400.00154.22N/AN/A0054100
2025-09-10$20.09$19.0026.0%7.5%10.5%11.2%0.0%6.0%-9.3%-275-9.3K-1360.00154.45N/AN/A0054100
2025-09-11$20.14$19.0026.3%7.5%10.5%11.4%0.0%6.5%-9.3%64-11.2K-1270.00153.54N/AN/A0054100
2025-09-12$20.13$19.0024.1%6.9%10.5%9.7%26.4%4.0%-9.1%-2-8.8K-1210.00153.12N/AN/A0454100
2025-09-15$20.16$20.0027.3%7.8%10.5%12.3%0.0%7.0%-10.5%-42-9.6K-1200.00152.77N/AN/A0054104
2025-09-16$20.13$20.0028.3%8.1%10.5%13.1%0.0%7.2%-11.5%-327-7.9K-1150.00153.61N/AN/A0054104
2025-09-17$20.14$20.0028.8%8.3%8.4%13.5%0.0%7.2%-11.9%-254-8.4K-1090.00153.61N/AN/A0054104
2025-09-18$20.13$20.0029.3%8.4%5.6%13.9%0.0%1.1%-8.5%-205-11.6K-1100.00153.51N/AN/A0054104
2025-09-19$20.13$20.0029.8%8.6%5.6%14.3%0.0%10.3%-8.8%2.8K-18.4K-890.00151.28N/AN/A0054104
2025-09-22$20.16$20.0030.3%8.7%5.1%14.7%0.0%13.2%-8.7%2.9K-17.8K-770.00150.78N/AN/A011524
2025-09-23$20.13$20.0031.0%8.9%5.0%15.2%0.0%14.7%-9.3%2.6K-15.7K-850.00150.91N/AN/A005215
2025-09-24$20.13$20.0031.0%8.9%5.0%15.3%0.0%14.2%-9.3%2.7K-16.4K-770.00150.78N/AN/A045215
2025-09-25$20.13$20.0031.7%9.1%4.8%15.8%0.0%15.1%-9.9%2.4K-13.5K-880.00149.86N/AN/A065218
2025-09-26$20.10$20.0024.7%7.1%4.8%10.1%20.3%5.9%-10.6%1.8K-4.2K-940.00150.77N/AN/A045224
2025-09-29$20.07$20.0035.2%10.1%4.7%18.6%0.0%18.0%-12.2%1.5K-5.6K-1040.00151.18N/AN/A005228
2025-09-30$20.06$20.0034.8%10.0%3.0%18.3%0.0%20.6%-12.4%1.5K-4.6K-960.00150.59N/AN/A005228