HYEM Options History — December 2025

In December 2025, HYEM traded between $19.81 and $20.02. ATM implied volatility averaged 33.5%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 29.7% (HV 20d: 3.8%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-02: Highest Volume — 4 contracts
2025-12-10: Largest IV drop — 39.1% change
2025-12-09: Highest IV Rank — 26.7%
2025-12-31: Largest Expected Move — 10.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.93	$19.81	$20.02	$19.81	$19.91
Max Pain	$18.86	$18.00	$19.00	$18.00	$19.00
ATM IV	33.5%	27.1%	44.6%	33.3%	36.7%
Expected Move	8.9%	7.5%	10.5%	9.5%	10.5%
HV 20d	3.8%	3.1%	4.2%	4.2%	3.1%
HV 60d	4.7%	4.6%	4.7%	4.6%	4.7%
IV Rank	17.5%	12.3%	26.7%	17.3%	20.2%
IV Percentile	42.0%	15.5%	71.4%	43.3%	57.5%
Term Structure	-7.9%	-12.5%	-4.7%	-10.3%	-12.5%
Skew 25d	11.1%	-0.0%	30.9%	30.9%	28.4%
Skew 10d	2.5%	-12.5%	4.6%	3.7%	2.2%
Call IV 25d	31.3%	15.2%	40.2%	15.2%	21.7%
Put IV 25d	42.4%	36.3%	50.2%	46.1%	50.2%
Bid-Ask Spread %	153.90	149.56	157.60	149.56	151.04
Gamma HHI	0.40	0.34	0.66	0.55	0.41
Net GEX	-5.7K	-14.6K	10.0K	-14.6K	-5.5K
Net DEX	91.3K	45.3K	100.7K	50.2K	96.4K
Net VEX	-737	-805	-416	-448	-730
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.409	0	4	0	0
Total OI	160.273	144	171	162	144

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-12-01	$19.81	$18.00	33.3%	9.5%	4.2%	17.3%	0.0%	30.9%	-10.3%	-14.6K	50.2K	-448	149.56	N/A	N/A	0	0	3	159
2025-12-02	$19.86	$18.00	35.7%	10.2%	3.7%	19.3%	0.0%	29.1%	-12.2%	-14.1K	45.3K	-416	150.28	N/A	N/A	0	4	3	159
2025-12-03	$19.88	$18.00	36.0%	10.3%	3.8%	19.6%	0.0%	30.0%	-12.0%	-7.1K	94.9K	-783	149.96	N/A	N/A	1	0	3	163
2025-12-04	$19.94	$19.00	37.9%	7.5%	3.8%	21.2%	0.0%	0.9%	-4.7%	-5.7K	98.3K	-805	157.60	N/A	N/A	0	0	4	163
2025-12-05	$19.87	$19.00	38.5%	7.6%	4.0%	21.6%	0.0%	0.9%	-5.2%	-5.8K	100.0K	-804	156.69	N/A	N/A	0	0	4	163
2025-12-08	$19.85	$19.00	44.3%	8.0%	4.0%	26.5%	0.0%	0.9%	-6.0%	-5.8K	100.7K	-797	156.89	N/A	N/A	0	0	4	163
2025-12-09	$19.86	$19.00	44.6%	8.0%	3.8%	26.7%	0.0%	1.0%	-6.8%	-5.8K	100.2K	-794	156.89	N/A	N/A	0	0	4	163
2025-12-10	$19.88	$19.00	27.1%	7.8%	3.8%	12.3%	0.0%	0.6%	-6.0%	-5.8K	99.4K	-788	156.12	N/A	N/A	0	0	4	163
2025-12-11	$19.91	$19.00	28.0%	8.0%	3.9%	13.0%	0.0%	-0.0%	-6.2%	-5.9K	99.4K	-787	156.84	N/A	N/A	4	0	4	163
2025-12-12	$19.91	$19.00	28.4%	8.1%	3.8%	13.3%	0.0%	1.0%	-6.5%	-5.5K	95.4K	-789	156.33	N/A	N/A	0	0	8	163
2025-12-15	$19.93	$19.00	29.2%	8.4%	3.7%	14.0%	0.0%	1.1%	-7.4%	-5.5K	94.8K	-775	155.29	N/A	N/A	0	0	8	163
2025-12-16	$19.98	$19.00	29.6%	8.5%	3.7%	14.3%	0.0%	1.2%	-7.5%	-5.6K	93.1K	-770	155.84	N/A	N/A	0	0	8	163
2025-12-17	$19.94	$19.00	29.6%	8.5%	3.8%	14.3%	0.0%	2.4%	-8.1%	-5.6K	94.0K	-766	154.63	N/A	N/A	0	0	8	163
2025-12-18	$19.98	$19.00	29.5%	8.5%	3.8%	14.2%	0.0%	2.4%	-4.9%	-5.6K	92.7K	-762	155.17	N/A	N/A	0	0	8	163
2025-12-19	$20.01	$19.00	30.0%	8.6%	3.9%	14.7%	0.0%	1.2%	-6.3%	10.0K	87.3K	-754	154.28	N/A	N/A	0	0	8	163
2025-12-22	$20.02	$19.00	31.1%	8.9%	3.9%	15.6%	0.0%	6.9%	-7.4%	-5.3K	93.7K	-747	154.45	N/A	N/A	0	0	2	142
2025-12-23	$20.01	$19.00	31.2%	8.9%	3.8%	15.6%	0.0%	17.4%	-6.6%	-5.3K	93.9K	-745	151.71	N/A	N/A	0	0	2	142
2025-12-24	$20.02	$19.00	32.4%	9.3%	3.8%	16.6%	0.0%	17.0%	-7.8%	-5.3K	93.8K	-744	152.10	N/A	N/A	0	0	2	142
2025-12-26	$20.02	$19.00	33.3%	9.5%	3.8%	17.4%	0.0%	18.7%	-8.9%	-5.4K	93.8K	-740	151.71	N/A	N/A	0	0	2	142
2025-12-29	$19.92	$19.00	34.6%	9.9%	3.3%	18.5%	0.0%	25.9%	-10.0%	-5.4K	96.1K	-734	151.23	N/A	N/A	0	0	2	142
2025-12-30	$19.91	$19.00	35.6%	10.2%	3.2%	19.3%	0.0%	26.8%	-10.8%	-5.5K	96.3K	-732	151.08	N/A	N/A	0	0	2	142
2025-12-31	$19.91	$19.00	36.7%	10.5%	3.1%	20.2%	0.0%	28.4%	-12.5%	-5.5K	96.4K	-730	151.04	N/A	N/A	0	0	2	142