YMAX Options History — February 2025

In February 2025, YMAX traded between $14.80 and $16.88. ATM implied volatility averaged 13.7%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 7.2% (HV 20d: 20.9%). Max pain ranged from $16.00 to $17.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 1.60.

Notable Days

2025-02-18: Highest Volume — 1,203 contracts
2025-02-21: Largest IV spike — 130.5% change
2025-02-28: Highest IV Rank — 16.8%
2025-02-06: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.19	$14.80	$16.88	$16.45	$14.82
Max Pain	$16.95	$16.00	$17.00	$17.00	$16.00
ATM IV	13.7%	6.3%	28.6%	11.6%	28.6%
Expected Move	4.6%	1.8%	8.5%	3.3%	8.2%
HV 20d	20.9%	17.8%	23.7%	23.2%	23.7%
HV 60d	22.3%	21.1%	23.8%	23.1%	23.8%
IV Rank	5.6%	0.0%	16.8%	3.5%	16.8%
IV Percentile	25.2%	0.0%	82.0%	9.5%	82.0%
Term Structure	4.5%	-10.0%	18.7%	15.1%	6.6%
VWIV	17.5%	4.2%	46.1%	5.6%	28.9%
Skew 25d	26.7%	-44.0%	94.6%	-23.1%	6.8%
Skew 10d	65.9%	-21.2%	133.2%	23.4%	14.3%
Call IV 25d	79.4%	13.5%	163.9%	163.9%	24.1%
Put IV 25d	106.1%	0.8%	168.4%	140.7%	30.9%
Bid-Ask Spread %	107.74	83.69	136.74	107.84	95.21
Gamma HHI	0.49	0.32	0.87	0.32	0.50
Net GEX	-91.8K	-495.9K	2.7K	-65.1K	-58.6K
Net DEX	3.0M	2.4M	4.1M	2.6M	3.5M
Net VEX	-3.4K	-7.1K	-397	-4.5K	-3.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.60	0.15	5.01	5.01	2.39
Total Volume	512.474	86	1,203	517	939
Total OI	6,335.158	5,311	7,555	5,739	6,628

Daily Data (19 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
2025-02-03	$16.45	$17.00	11.6%	3.3%	23.2%	3.5%	5.6%	-23.1%	15.1%	-65.1K	2.6M	-4.5K	5.01	107.84	N/A	N/A	86	431	1,966	3,773
2025-02-04	$16.66	$17.00	6.5%	1.9%	23.4%	0.0%	10.2%	24.5%	3.2%	-66.7K	2.5M	-4.4K	0.87	118.73	N/A	N/A	139	121	2,003	3,780
2025-02-05	$16.55	$17.00	7.2%	2.1%	22.7%	0.6%	46.1%	8.3%	4.2%	-68.7K	2.7M	-4.1K	1.78	83.69	N/A	N/A	161	287	2,028	3,853
2025-02-06	$16.45	$17.00	14.8%	8.5%	21.5%	6.3%	24.9%	-24.9%	-10.0%	-64.2K	2.9M	-1.6K	1.18	136.74	N/A	N/A	55	65	2,033	4,062
2025-02-07	$16.45	$17.00	13.3%	7.4%	20.4%	5.2%	25.5%	17.7%	-0.4%	-73.3K	2.8M	-5.1K	0.87	106.71	N/A	N/A	46	40	2,050	4,096
2025-02-10	$16.66	$17.00	12.1%	3.7%	20.3%	4.3%	13.2%	24.7%	5.7%	-27.1K	3.0M	-2.0K	0.73	129.02	N/A	N/A	98	72	2,095	4,101
2025-02-11	$16.41	$17.00	15.6%	8.0%	20.1%	6.9%	21.0%	-9.7%	-6.2%	-91.2K	2.7M	-2.2K	1.11	133.30	N/A	N/A	141	156	2,128	4,113
2025-02-12	$16.59	$17.00	6.3%	1.8%	20.4%	0.0%	14.7%	-44.0%	18.7%	-54.6K	2.9M	-683	0.15	107.69	N/A	N/A	209	31	2,168	4,197
2025-02-13	$16.61	$17.00	10.1%	2.9%	18.1%	2.9%	4.2%	25.5%	15.0%	-64.0K	2.9M	-397	1.05	104.63	N/A	N/A	122	128	2,177	4,213
2025-02-14	$16.80	$17.00	10.9%	3.1%	18.3%	3.5%	10.6%	25.5%	7.8%	-101.1K	2.7M	-4.5K	1.43	128.25	N/A	N/A	81	116	2,264	4,218
2025-02-18	$16.88	$17.00	12.7%	3.6%	18.0%	4.8%	11.8%	91.2%	1.0%	-63.2K	2.4M	-3.0K	0.96	103.15	N/A	N/A	615	588	2,300	4,249
2025-02-19	$16.79	$17.00	11.9%	3.4%	17.8%	4.2%	7.3%	17.6%	3.2%	2.7K	2.7M	-963	0.57	105.96	N/A	N/A	338	191	2,659	4,564
2025-02-20	$16.55	$17.00	7.4%	2.1%	18.2%	0.8%	8.4%	20.4%	-0.3%	-114.4K	3.2M	-2.0K	1.48	98.59	N/A	N/A	291	431	2,507	4,638
2025-02-21	$16.05	$17.00	17.1%	4.9%	21.0%	8.2%	17.8%	76.5%	2.7%	-495.9K	4.1M	-4.2K	3.37	101.02	N/A	N/A	105	354	2,748	4,807
2025-02-24	$15.70	$17.00	18.4%	5.3%	22.1%	9.2%	19.4%	94.6%	6.7%	-72.7K	2.9M	-5.3K	2.46	97.92	N/A	N/A	269	663	1,990	3,321
2025-02-25	$15.18	$17.00	22.3%	6.4%	22.8%	12.1%	23.4%	60.8%	0.8%	-89.8K	3.2M	-3.1K	2.10	92.13	N/A	N/A	372	782	2,154	3,571
2025-02-26	$15.29	$17.00	20.4%	5.8%	21.4%	10.6%	23.9%	52.9%	6.6%	-115.9K	3.1M	-7.1K	2.65	96.06	N/A	N/A	205	543	2,275	4,105
2025-02-27	$14.80	$17.00	14.0%	4.0%	23.5%	5.8%	15.8%	62.2%	5.3%	-60.9K	3.4M	-7.0K	0.22	100.38	N/A	N/A	383	83	2,388	4,146
2025-02-28	$14.82	$16.00	28.6%	8.2%	23.7%	16.8%	28.9%	6.8%	6.6%	-58.6K	3.5M	-3.1K	2.39	95.21	N/A	N/A	277	662	2,482	4,146