SECT Options History — July 2025

In July 2025, SECT traded between $57.98 and $59.42. ATM implied volatility averaged 25.6%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 13.7% (HV 20d: 11.9%). Max pain ranged from $61.00 to $61.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-16: Highest Volume — 2 contracts
2025-07-09: Largest IV drop — 37.2% change
2025-07-08: Highest IV Rank — 22.0%
2025-07-02: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.65	$57.98	$59.42	$57.98	$58.91
Max Pain	$61.00	$61.00	$61.00	$61.00	$61.00
ATM IV	25.6%	21.2%	33.8%	27.9%	27.5%
Expected Move	7.0%	5.8%	8.4%	8.0%	7.9%
HV 20d	11.9%	7.5%	13.5%	12.6%	12.3%
HV 60d	18.3%	12.7%	32.9%	32.9%	13.6%
IV Rank	9.9%	3.4%	22.0%	13.4%	12.8%
IV Percentile	35.8%	4.0%	77.4%	52.8%	52.0%
Term Structure	-5.4%	-10.0%	-2.3%	-5.5%	-8.8%
VWIV	16.8%	16.8%	16.8%	16.8%	16.8%
Skew 25d	5.3%	-4.6%	13.9%	8.5%	5.7%
Skew 10d	7.9%	-4.0%	15.7%	15.5%	1.9%
Call IV 25d	14.6%	8.5%	23.9%	17.0%	16.9%
Put IV 25d	20.0%	13.0%	25.5%	25.5%	22.7%
Bid-Ask Spread %	169.46	154.12	172.63	169.08	167.78
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	334	263	383	263	359
Net DEX	-1.5K	-2.1K	-1.1K	-1.2K	-1.7K
Net VEX	-4	-6	-1	-3	-4
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	0.091	0	2	0	0
Total OI	1	1	1	1	1

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	Call OI
2025-07-01	$57.98	$61.00	27.9%	8.0%	12.6%	13.4%	0.0%	8.5%	-5.5%	263	-1.2K	-3	169.08	N/A	N/A	0	1
2025-07-02	$58.13	$61.00	29.4%	8.4%	12.5%	15.6%	0.0%	2.1%	-7.8%	293	-1.2K	-3	165.24	N/A	N/A	0	1
2025-07-03	$58.75	$0.00	27.7%	5.8%	12.8%	13.0%	0.0%	3.3%	-2.4%	340	-1.6K	-4	154.12	N/A	N/A	0	1
2025-07-07	$58.09	$0.00	32.3%	6.9%	13.5%	19.8%	0.0%	9.4%	-3.4%	293	-1.2K	-3	166.72	N/A	N/A	0	1
2025-07-08	$58.23	$0.00	33.8%	6.4%	13.3%	22.0%	0.0%	7.7%	-3.4%	301	-1.3K	-3	172.63	N/A	N/A	0	1
2025-07-09	$58.53	$0.00	21.2%	6.1%	13.4%	3.5%	0.0%	10.5%	-3.2%	337	-1.4K	-3	170.76	N/A	N/A	0	1
2025-07-10	$58.63	$0.00	21.2%	6.1%	13.3%	3.4%	0.0%	1.8%	-2.3%	343	-1.4K	-3	170.78	N/A	N/A	0	1
2025-07-11	$58.30	$0.00	22.2%	6.4%	13.5%	4.9%	0.0%	7.7%	-3.7%	313	-1.3K	-2	172.41	N/A	N/A	0	1
2025-07-14	$58.41	$0.00	22.8%	6.5%	13.5%	5.8%	0.0%	1.7%	-4.0%	331	-1.2K	-2	171.16	N/A	N/A	0	1
2025-07-15	$58.36	$0.00	23.4%	6.7%	12.1%	6.7%	0.0%	9.4%	-4.0%	318	-1.3K	-2	172.48	N/A	N/A	0	1
2025-07-16	$58.41	$0.00	23.0%	6.6%	11.2%	6.1%	16.8%	-1.1%	-3.5%	333	-1.1K	-1	170.37	N/A	N/A	2	1
2025-07-17	$58.67	$61.00	23.0%	6.6%	10.5%	6.1%	0.0%	11.3%	-4.3%	313	-1.8K	-6	172.18	N/A	N/A	0	1
2025-07-18	$58.63	$61.00	22.9%	6.6%	10.6%	5.9%	0.0%	3.8%	-4.3%	315	-1.8K	-6	171.75	N/A	N/A	0	1
2025-07-21	$58.82	$61.00	23.8%	6.8%	10.0%	7.2%	0.0%	12.6%	-5.2%	340	-1.8K	-5	172.02	N/A	N/A	0	1
2025-07-22	$58.93	$61.00	24.2%	6.9%	9.7%	7.9%	0.0%	1.2%	-5.5%	375	-1.7K	-5	171.20	N/A	N/A	0	1
2025-07-23	$59.14	$61.00	23.8%	6.8%	7.5%	7.4%	0.0%	13.9%	-4.9%	383	-1.9K	-5	171.31	N/A	N/A	0	1
2025-07-24	$58.13	$61.00	26.8%	7.7%	10.1%	11.7%	0.0%	-4.6%	-10.0%	291	-1.4K	-5	172.00	N/A	N/A	0	1
2025-07-25	$59.41	$61.00	25.1%	7.2%	12.3%	9.1%	0.0%	4.5%	-6.5%	382	-2.1K	-5	170.00	N/A	N/A	0	1
2025-07-28	$59.42	$61.00	27.5%	7.9%	12.4%	12.8%	0.0%	3.8%	-9.4%	372	-2.1K	-5	169.80	N/A	N/A	0	1
2025-07-29	$59.30	$61.00	25.4%	7.3%	12.2%	9.7%	0.0%	2.2%	-7.9%	383	-2.0K	-5	167.78	N/A	N/A	0	1
2025-07-30	$59.11	$61.00	27.3%	7.8%	12.3%	12.5%	0.0%	2.4%	-8.1%	364	-1.9K	-4	166.59	N/A	N/A	0	1
2025-07-31	$58.91	$61.00	27.5%	7.9%	12.3%	12.8%	0.0%	5.7%	-8.8%	359	-1.7K	-4	167.78	N/A	N/A	0	1