YMAX Options History — March 2025

In March 2025, YMAX traded between $13.38 and $14.98. ATM implied volatility averaged 24.2%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 12.0% (HV 20d: 36.2%). Max pain ranged from $14.00 to $17.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.70.

Notable Days

  • 2025-03-19: Highest Volume — 3,429 contracts
  • 2025-03-11: Largest IV spike — 121.7% change
  • 2025-03-14: Highest IV Rank — 26.9%
  • 2025-03-18: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.10$13.38$14.98$14.52$13.38
Max Pain$15.80$14.00$17.00$16.00$14.00
ATM IV24.2%8.9%41.9%25.5%14.2%
Expected Move7.7%3.2%12.9%7.3%7.0%
HV 20d36.2%24.2%41.2%24.2%40.6%
HV 60d28.2%23.8%30.1%23.8%30.1%
IV Rank13.5%2.0%26.9%14.5%6.0%
IV Percentile61.9%3.3%89.9%79.0%24.5%
Term Structure3.1%-11.0%17.1%-5.9%-7.3%
VWIV29.2%14.3%54.6%29.4%29.6%
Skew 25d35.4%-24.3%94.2%15.8%18.3%
Skew 10d78.2%-0.1%138.1%97.6%97.4%
Call IV 25d35.2%13.2%118.6%30.8%36.6%
Put IV 25d70.6%4.0%128.9%46.6%54.9%
Bid-Ask Spread %96.2581.56114.8387.6996.33
Gamma HHI0.540.250.910.250.36
Net GEX-107.6K-276.8K-22.5K-68.6K-69.2K
Net DEX3.8M2.3M5.2M3.6M4.1M
Net VEX-4.9K-9.9K-1.4K-8.4K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.104.901.090.53
Total Volume736.5711983,429883394
Total OI8,804.2387,36311,0277,3638,344

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$14.52$16.0025.5%7.3%24.2%14.5%29.4%15.8%-5.9%-68.6K3.6M-8.4K1.0987.69N/AN/A4234602,6594,704
2025-03-04$14.71$16.0025.3%7.3%25.2%14.4%25.4%75.8%8.8%-74.5K3.9M-2.8K0.9094.05N/AN/A2091882,8594,974
2025-03-05$14.98$16.0026.5%7.6%25.8%15.3%27.5%63.6%1.7%-90.4K3.6M-1.9K2.2881.56N/AN/A2956732,9995,031
2025-03-06$14.29$16.0035.1%10.1%29.8%21.7%25.5%0.1%-1.5%-128.7K4.4M-5.8K1.4890.85N/AN/A2563802,9465,315
2025-03-07$14.43$16.0029.7%8.5%30.4%17.7%30.8%90.2%4.5%-146.3K4.2M-6.8K1.5184.59N/AN/A1862803,0685,364
2025-03-10$13.61$16.0015.8%4.5%35.4%7.2%27.6%-24.3%5.8%-95.0K5.2M-4.2K4.2592.00N/AN/A1948243,0945,438
2025-03-11$13.86$16.0035.0%9.0%35.9%21.7%32.3%-0.2%-11.0%-120.4K4.8M-2.6K1.3385.08N/AN/A1622153,1845,549
2025-03-12$14.00$16.0027.7%8.4%36.4%16.2%29.2%60.4%14.7%-135.6K4.7M-5.0K4.9082.88N/AN/A1014953,3275,570
2025-03-13$13.57$16.0037.4%9.4%36.6%23.5%33.6%-5.3%-6.4%-131.9K5.1M-5.9K0.1882.48N/AN/A1,5892843,3335,763
2025-03-14$13.98$16.0041.9%6.5%39.1%26.9%23.2%11.8%1.1%-74.3K3.4M-5.1K0.3984.22N/AN/A2961144,3235,877
2025-03-17$14.16$17.0028.5%8.8%39.2%16.8%54.6%61.3%6.4%-79.9K2.7M-9.9K0.10104.38N/AN/A1,009984,6195,863
2025-03-18$13.89$17.0027.6%12.9%39.1%16.1%27.0%-2.0%17.1%-52.6K3.0M-3.7K1.96103.53N/AN/A671315,0295,883
2025-03-19$14.20$17.0021.9%7.1%40.6%11.8%29.6%41.0%-0.0%-156.9K2.3M-3.8K0.15101.45N/AN/A2,9884415,0725,955
2025-03-20$14.00$0.0022.4%8.8%40.6%12.1%30.1%80.5%10.1%-144.4K4.5M-6.5K0.92107.33N/AN/A1981833,8296,007
2025-03-21$14.04$14.0021.7%9.4%39.9%11.7%30.6%80.3%7.5%-276.8K4.2M-5.9K3.38114.83N/AN/A692333,7795,962
2025-03-24$14.43$17.008.9%5.5%41.2%2.0%14.3%6.2%-1.9%-94.0K2.8M-2.8K1.40108.33N/AN/A1802522,6144,951
2025-03-25$14.48$15.0012.5%3.2%39.8%4.7%28.0%52.3%-4.5%-22.5K2.6M-1.4K2.35110.84N/AN/A952232,7444,970
2025-03-26$14.16$15.0013.2%7.3%40.2%5.2%22.4%16.2%6.5%-169.9K2.9M-3.0K0.68106.29N/AN/A3842632,7824,949
2025-03-27$14.00$15.0021.1%7.4%38.9%11.1%26.3%94.2%6.2%-58.7K3.1M-3.5K4.34104.30N/AN/A411782,9475,081
2025-03-28$13.46$15.0015.7%6.4%41.0%7.1%36.2%6.9%13.2%-68.1K4.0M-7.3K1.5098.27N/AN/A1672502,9385,194
2025-03-31$13.38$14.0014.2%7.0%40.6%6.0%29.6%18.3%-7.3%-69.2K4.1M-6.5K0.5396.33N/AN/A2581363,0465,298