YMAX Options History — May 2025

In May 2025, YMAX traded between $13.13 and $14.04. ATM implied volatility averaged 19.4%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 9.4% (HV 20d: 28.8%). Max pain ranged from $13.00 to $14.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.62.

Notable Days

  • 2025-05-14: Highest Volume — 1,784 contracts
  • 2025-05-30: Largest IV spike — 83.9% change
  • 2025-05-23: Highest IV Rank — 25.6%
  • 2025-05-02: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.57$13.13$14.04$13.24$13.46
Max Pain$13.81$13.00$14.00$13.00$14.00
ATM IV19.4%10.7%27.9%24.5%19.6%
Expected Move5.2%3.1%7.2%7.0%5.6%
HV 20d28.8%18.1%61.4%61.4%19.4%
HV 60d44.1%43.2%44.9%44.2%43.2%
IV Rank13.6%4.8%25.6%13.7%20.2%
IV Percentile51.9%8.3%82.5%75.4%56.7%
Term Structure4.4%-10.9%13.7%-4.8%3.1%
VWIV20.1%12.1%28.6%25.6%18.8%
Skew 25d44.4%-5.3%132.4%78.8%3.7%
Skew 10d93.8%0.9%179.5%174.5%87.7%
Call IV 25d20.1%13.7%68.4%17.5%13.7%
Put IV 25d64.5%14.0%155.9%96.2%17.4%
Bid-Ask Spread %81.3865.2596.1665.2574.14
Gamma HHI0.520.210.770.210.69
Net GEX-67.5K-183.2K14.8K-4.0K-94.9K
Net DEX1.6M664.7K2.2M1.3M2.2M
Net VEX-6.2K-9.4K-3.4K-9.4K-5.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.106.030.980.93
Total Volume521.571791,784387218
Total OI8,002.196,7149,1507,1839,150

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$13.24$13.0024.5%7.0%61.4%13.7%25.6%78.8%-4.8%-4.0K1.3M-9.4K0.9865.25N/AN/A1951923,4643,719
2025-05-02$13.29$13.0025.0%7.2%54.5%14.2%24.1%63.3%-10.9%-10.4K1.5M-6.1K2.3569.08N/AN/A862023,5593,827
2025-05-05$13.25$13.0027.9%4.9%51.2%16.3%17.9%45.3%8.0%-24.9K1.6M-6.4K3.8396.16N/AN/A762913,6013,987
2025-05-06$13.13$13.0018.1%5.9%50.7%8.9%27.7%88.0%0.3%-76.8K2.0M-5.3K2.9592.02N/AN/A20593,6384,247
2025-05-07$13.18$14.0020.2%6.2%49.2%10.5%28.6%79.3%8.4%-115.7K1.8M-6.1K0.1094.11N/AN/A719743,6074,270
2025-05-08$13.35$14.0023.6%3.6%31.2%13.1%12.1%84.7%13.7%-48.3K1.4M-6.0K1.2793.13N/AN/A2523193,6524,341
2025-05-09$13.35$14.0019.6%5.4%23.7%10.0%15.4%-5.3%-5.9%-81.6K1.5M-3.4K0.9595.90N/AN/A87833,7084,453
2025-05-12$13.63$14.0021.6%3.8%22.0%11.6%18.1%2.7%6.4%-44.4K1.2M-5.5K1.4881.65N/AN/A1632423,7264,457
2025-05-13$13.96$14.0012.7%4.6%22.8%4.8%16.1%105.6%4.3%-29.2K798.6K-5.5K2.1680.20N/AN/A3046573,8034,690
2025-05-14$14.04$14.0014.7%4.2%22.7%6.4%17.6%100.4%7.6%14.8K664.7K-6.9K0.1785.00N/AN/A1,5202643,8294,778
2025-05-15$13.71$14.0020.7%5.9%21.9%10.9%24.1%13.1%8.1%-101.1K2.0M-7.4K1.4484.93N/AN/A1301873,2464,993
2025-05-16$13.88$14.0019.4%5.6%22.0%9.9%19.9%2.3%2.4%-183.2K2.0M-5.6K1.7881.12N/AN/A981743,3275,142
2025-05-19$13.87$14.0015.7%4.5%20.5%14.3%15.6%8.1%11.1%-22.8K1.4M-5.9K2.6281.82N/AN/A942463,1043,610
2025-05-20$13.86$14.0016.8%4.8%18.6%16.0%17.7%126.4%11.9%-12.3K1.3M-6.9K1.4274.59N/AN/A1161653,1733,766
2025-05-21$13.68$14.0018.0%5.2%18.3%17.8%20.7%-1.2%5.2%-71.6K1.8M-5.7K0.4975.19N/AN/A6893363,2373,898
2025-05-22$13.66$14.0018.3%5.2%18.1%18.2%19.2%-0.8%3.0%-105.1K1.7M-6.3K6.0368.45N/AN/A1599583,3684,165
2025-05-23$13.52$14.0023.2%6.6%18.4%25.6%23.7%4.2%2.7%-109.0K1.9M-8.0K1.6977.87N/AN/A1021723,4804,967
2025-05-27$13.77$14.0017.1%4.9%19.4%16.4%18.0%132.4%3.4%-53.3K1.7M-5.8K0.5979.65N/AN/A2631563,4995,026
2025-05-28$13.68$14.0019.6%5.6%19.5%20.2%19.4%-2.5%1.9%-97.6K1.7M-7.5K0.3578.39N/AN/A226803,6065,090
2025-05-29$13.52$14.0010.7%3.1%19.4%6.6%22.6%3.7%13.1%-145.5K2.1M-6.2K0.3680.35N/AN/A4251543,6925,151
2025-05-30$13.46$14.0019.6%5.6%19.4%20.2%18.8%3.7%3.1%-94.9K2.2M-5.1K0.9374.14N/AN/A1131053,9675,183