TIME Options History — September 2025

In September 2025, TIME traded between $23.48 and $24.52. ATM implied volatility averaged 39.0%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 10.5% (HV 20d: 28.5%). Max pain ranged from $23.00 to $26.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-09-29: Highest Volume — 100 contracts
2025-09-03: Largest IV drop — 65.2% change
2025-09-02: Highest IV Rank — 35.3%
2025-09-02: Largest Expected Move — 34.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.09	$23.48	$24.52	$23.50	$24.41
Max Pain	$23.50	$23.00	$26.00	$26.00	$23.00
ATM IV	39.0%	27.2%	121.1%	121.1%	38.2%
Expected Move	10.3%	7.4%	34.7%	34.7%	10.9%
HV 20d	28.5%	6.1%	32.4%	32.2%	6.1%
HV 60d	20.5%	20.0%	20.8%	20.7%	20.0%
IV Rank	5.0%	0.7%	35.3%	35.3%	4.7%
IV Percentile	19.4%	2.8%	85.3%	85.3%	23.0%
Term Structure	-9.4%	-44.4%	-4.3%	-44.4%	-12.6%
VWIV	33.3%	33.3%	33.3%	33.3%	33.3%
Skew 25d	6.4%	-3.9%	33.7%	-3.9%	33.0%
Skew 10d	4.3%	-3.9%	11.0%	-3.9%	6.0%
Call IV 25d	38.9%	12.3%	163.2%	163.2%	14.2%
Put IV 25d	45.3%	33.8%	159.4%	159.4%	47.2%
Bid-Ask Spread %	161.20	157.25	198.55	198.55	157.25
Gamma HHI	0.58	0.32	1.00	0.32	1.00
Net GEX	-747	-2.5K	1.1K	-2.0K	1.1K
Net DEX	120.8K	-27.2K	204.6K	107.0K	-27.2K
Net VEX	-123	-385	-3	-385	-45
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	4.952	0	100	0	2
Total OI	131	1	195	195	15

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-09-02	$23.50	$26.00	121.1%	34.7%	32.2%	35.3%	0.0%	-3.9%	-44.4%	-2.0K	107.0K	-385	198.55	N/A	N/A	0	63	132
2025-09-03	$23.48	$26.00	42.2%	12.1%	32.2%	6.2%	0.0%	0.2%	-13.3%	-286	204.6K	-243	159.75	N/A	N/A	0	63	132
2025-09-04	$23.56	$23.00	40.1%	7.7%	31.9%	5.4%	0.0%	2.2%	-5.0%	-390	202.6K	-237	159.85	N/A	N/A	0	63	132
2025-09-05	$23.69	$23.00	40.2%	7.4%	31.7%	5.4%	0.0%	1.8%	-4.3%	-570	199.0K	-239	157.94	N/A	N/A	0	63	132
2025-09-08	$23.71	$23.00	46.0%	7.8%	31.7%	7.6%	0.0%	1.2%	-5.0%	-708	197.5K	-212	160.54	N/A	N/A	0	63	132
2025-09-09	$23.84	$23.00	45.8%	7.8%	31.8%	7.5%	0.0%	1.7%	-5.0%	-883	194.1K	-203	160.01	N/A	N/A	0	63	132
2025-09-10	$23.76	$23.00	27.2%	7.8%	31.8%	0.7%	0.0%	1.2%	-5.3%	-531	198.7K	-192	159.76	N/A	N/A	0	63	132
2025-09-11	$23.89	$23.00	27.9%	8.0%	32.0%	0.9%	0.0%	1.9%	-4.9%	-941	194.4K	-182	160.43	N/A	N/A	0	63	132
2025-09-12	$24.05	$23.00	27.8%	8.0%	32.2%	0.9%	0.0%	2.3%	-4.7%	-1.5K	188.9K	-177	160.09	N/A	N/A	0	63	132
2025-09-15	$24.24	$23.00	29.3%	8.4%	32.3%	1.4%	0.0%	2.5%	-5.8%	-2.2K	180.7K	-141	160.72	N/A	N/A	0	63	132
2025-09-16	$24.32	$23.00	30.6%	8.8%	32.4%	1.9%	0.0%	1.9%	-7.3%	-2.5K	176.7K	-123	159.95	N/A	N/A	0	63	132
2025-09-17	$24.35	$23.00	29.7%	8.5%	32.3%	1.6%	33.3%	1.8%	-6.0%	-2.4K	177.9K	-100	157.97	N/A	N/A	2	63	132
2025-09-18	$24.36	$0.00	31.1%	8.9%	32.3%	2.1%	0.0%	1.9%	-6.9%	-2.5K	177.4K	-73	159.57	N/A	N/A	0	63	132
2025-09-19	$24.46	$0.00	32.0%	9.2%	32.4%	2.4%	0.0%	1.7%	-8.1%	150	174.3K	-3	160.86	N/A	N/A	0	63	132
2025-09-22	$24.52	$0.00	31.3%	9.0%	32.2%	2.2%	0.0%	2.1%	-7.7%	68	-1.8K	-3	159.07	N/A	N/A	0	1	0
2025-09-23	$24.45	$0.00	34.6%	9.9%	32.2%	3.4%	0.0%	2.2%	-10.0%	69	-1.8K	-3	159.22	N/A	N/A	0	1	0
2025-09-24	$24.41	$0.00	34.9%	10.0%	32.1%	3.5%	0.0%	7.2%	-9.7%	70	-1.8K	-3	158.22	N/A	N/A	0	1	0
2025-09-25	$24.25	$0.00	34.8%	10.0%	32.1%	3.5%	0.0%	8.8%	-9.8%	71	-1.7K	-3	158.83	N/A	N/A	0	1	0
2025-09-26	$24.28	$0.00	35.1%	10.1%	7.0%	3.6%	0.0%	29.9%	-9.8%	71	-1.7K	-3	157.99	N/A	N/A	0	1	0
2025-09-29	$24.43	$0.00	38.2%	11.0%	6.6%	4.7%	0.0%	33.7%	-12.6%	72	-1.8K	-3	158.71	N/A	N/A	100	1	0
2025-09-30	$24.41	$0.00	38.2%	10.9%	6.1%	4.7%	0.0%	33.0%	-12.6%	1.1K	-27.2K	-45	157.25	N/A	N/A	2	15	0