YMAX Options History — July 2025

In July 2025, YMAX traded between $13.59 and $14.00. ATM implied volatility averaged 12.5%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded below realized volatility by 2.0% (HV 20d: 14.5%). Max pain ranged from $13.00 to $16.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.61.

Notable Days

  • 2025-07-18: Highest Volume — 1,124 contracts
  • 2025-07-10: Largest IV spike — 106.2% change
  • 2025-07-08: Highest IV Rank — 23.3%
  • 2025-07-07: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.82$13.59$14.00$13.64$13.59
Max Pain$14.09$13.00$16.00$15.00$14.00
ATM IV12.5%7.6%21.6%9.8%12.0%
Expected Move3.7%2.2%5.5%2.8%3.4%
HV 20d14.5%10.1%20.4%19.9%10.1%
HV 60d21.2%17.0%34.8%34.8%17.1%
IV Rank9.4%2.0%23.3%5.3%8.6%
IV Percentile20.0%2.4%66.3%6.3%15.9%
Term Structure3.0%-4.4%20.9%-2.3%4.1%
VWIV27.4%9.7%149.4%19.7%96.8%
Skew 25d120.1%-7.5%218.7%44.0%213.3%
Skew 10d164.5%-4.9%258.9%96.7%257.9%
Call IV 25d60.1%11.7%227.2%227.2%83.5%
Put IV 25d180.2%11.1%296.8%271.2%296.8%
Bid-Ask Spread %90.8970.03107.4970.0787.78
Gamma HHI0.380.300.580.330.58
Net GEX-8.2K-86.0K74.8K-8.5K-86.0K
Net DEX1.5M164.4K2.2M1.9M1.8M
Net VEX-5.8K-7.4K-3.8K-4.9K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.103.983.980.58
Total Volume532.4091711,124543354
Total OI10,019.4557,50611,66010,1769,792

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$13.64$15.009.8%2.8%19.9%5.3%19.7%44.0%-2.3%-8.5K1.9M-4.9K3.9870.07N/AN/A1094344,5935,583
2025-07-02$13.86$15.008.2%2.3%20.2%2.8%32.4%54.5%-4.4%52.0K1.7M-3.8K0.1070.03N/AN/A752764,5855,502
2025-07-03$13.75$16.008.8%4.8%20.4%3.7%149.4%122.9%3.0%17.6K1.9M-5.4K0.49103.21N/AN/A2721324,9445,519
2025-07-07$13.66$13.0011.4%5.5%17.6%7.8%18.0%-5.1%3.1%7.6K1.6M-4.8K3.42107.49N/AN/A772635,1955,566
2025-07-08$13.68$13.0021.6%4.6%16.9%23.3%16.0%143.6%2.3%7.3K1.8M-5.2K2.84104.77N/AN/A872475,2065,767
2025-07-09$13.84$14.007.6%2.2%17.0%2.0%12.4%65.6%1.6%44.9K2.1M-6.9K0.22100.84N/AN/A4881055,2095,975
2025-07-10$13.80$14.0015.8%4.5%17.0%14.3%17.5%-7.5%3.4%-19.7K2.2M-7.3K0.43102.27N/AN/A2321004,8966,036
2025-07-11$13.75$14.0018.6%5.3%17.0%18.7%18.7%-1.6%-1.1%-53.4K2.0M-7.4K2.72104.46N/AN/A461254,9806,067
2025-07-14$13.86$14.0014.5%4.2%16.0%12.5%14.4%129.6%0.6%-12.7K2.1M-7.2K0.94100.09N/AN/A2632464,9996,133
2025-07-15$13.91$14.0013.8%3.9%14.6%11.3%14.2%134.1%5.5%-20.1K1.8M-6.7K1.1593.90N/AN/A2172495,0846,323
2025-07-16$14.00$14.0013.6%3.9%13.4%11.1%13.6%122.2%6.3%74.8K1.1M-4.8K0.6187.85N/AN/A2371445,1846,476
2025-07-17$14.00$14.0013.8%4.0%13.0%11.4%13.8%122.7%4.2%13.0K1.3M-6.5K1.4486.44N/AN/A1261825,1066,513
2025-07-18$13.93$14.0010.0%2.9%13.1%5.6%9.7%136.9%20.9%-35.7K1.6M-6.1K1.0190.77N/AN/A5585665,1056,382
2025-07-21$13.96$14.0013.7%3.9%12.2%11.2%14.1%83.8%-1.2%-8.0K164.4K-6.3K2.1888.94N/AN/A2415253,6503,856
2025-07-22$13.98$14.0012.9%3.7%12.2%10.0%12.9%139.7%-0.6%-11.5K510.1K-6.9K1.1688.31N/AN/A2132483,6923,930
2025-07-23$13.98$14.0013.9%4.0%10.5%11.4%13.9%145.7%8.2%30.3K487.4K-5.0K1.9392.45N/AN/A1793453,8594,126
2025-07-24$13.79$14.0011.6%3.3%11.7%8.1%11.7%188.8%1.1%-9.0K1.5M-6.2K1.0982.28N/AN/A1111213,8414,408
2025-07-25$13.84$14.0011.2%3.2%11.8%7.4%11.4%218.7%1.1%-7.2K978.3K-3.9K1.6581.64N/AN/A2654363,9024,464
2025-07-28$13.86$14.008.8%2.5%11.7%3.9%17.3%210.2%7.0%-73.6K1.2M-5.3K3.7983.10N/AN/A1435424,1284,864
2025-07-29$13.71$14.0011.2%3.2%11.8%7.5%16.4%183.8%2.9%-30.8K1.6M-5.4K3.4184.36N/AN/A1344574,1765,169
2025-07-30$13.68$14.0012.0%3.4%11.5%8.6%59.3%195.2%0.6%-51.8K1.6M-5.6K0.4088.63N/AN/A7623044,1915,452
2025-07-31$13.59$14.0012.0%3.4%10.1%8.6%96.8%213.3%4.1%-86.0K1.8M-5.3K0.5887.78N/AN/A2241304,0895,703