YMAX Options History — November 2025

In November 2025, YMAX traded between $10.18 and $12.07. ATM implied volatility averaged 22.7%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 3.7% (HV 20d: 26.5%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 2.80.

Notable Days

  • 2025-11-13: Highest Volume — 732 contracts
  • 2025-11-14: Largest IV spike — 63.6% change
  • 2025-11-20: Highest IV Rank — 42.9%
  • 2025-11-20: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.99$10.18$12.07$12.07$10.68
Max Pain$12.16$12.00$13.00$13.00$12.00
ATM IV22.7%12.6%34.1%20.5%13.1%
Expected Move6.1%3.2%9.8%5.9%3.8%
HV 20d26.5%24.9%27.9%26.4%26.6%
HV 60d21.2%19.3%22.9%19.3%22.9%
IV Rank25.8%10.7%42.9%22.5%11.4%
IV Percentile73.5%29.4%95.2%74.6%32.9%
Term Structure1.2%-26.8%11.0%-4.2%-0.9%
VWIV27.3%13.9%37.3%21.2%36.9%
Skew 25d55.5%-5.7%168.8%123.2%47.6%
Skew 10d112.1%-0.9%229.5%196.0%122.9%
Call IV 25d55.2%14.0%142.1%18.8%16.9%
Put IV 25d110.7%19.0%272.6%141.9%64.5%
Bid-Ask Spread %94.8382.33114.7082.33100.84
Gamma HHI0.590.270.900.610.70
Net GEX-101.9K-183.7K-4.7K-105.2K-88.8K
Net DEX3.8M2.5M4.6M2.5M3.1M
Net VEX-3.6K-6.3K-1.5K-5.3K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.800.3613.918.682.70
Total Volume457.26393732513200
Total OI11,057.8959,49211,9939,49211,116

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$12.07$13.0020.5%5.9%26.4%22.5%21.2%123.2%-4.2%-105.2K2.5M-5.3K8.6882.33N/AN/A534604,3275,165
2025-11-04$11.73$13.0012.6%3.6%27.8%10.7%37.0%168.8%3.7%-62.8K3.4M-3.5K0.7886.40N/AN/A4023134,3485,480
2025-11-05$11.63$13.0018.6%5.3%27.0%19.6%24.3%120.2%6.0%-49.5K3.9M-3.2K1.6388.22N/AN/A1342194,7225,602
2025-11-06$11.32$12.0025.3%3.6%27.9%29.6%36.9%12.1%-0.2%-93.8K3.7M-2.4K0.3698.28N/AN/A4301554,7975,636
2025-11-07$11.34$12.0026.3%3.2%25.5%31.1%31.4%27.1%7.2%-78.1K3.7M-2.1K2.0388.11N/AN/A2294655,0805,719
2025-11-10$11.55$12.0017.0%5.1%25.8%17.1%22.0%63.6%6.6%-4.7K3.8M-6.3K1.0194.65N/AN/A1811825,2566,018
2025-11-11$11.50$12.0022.4%5.7%25.8%25.3%24.3%61.3%4.5%-12.6K3.5M-2.5K0.5696.91N/AN/A2231245,4026,166
2025-11-12$11.29$12.0015.7%4.5%26.3%15.2%19.5%21.7%9.8%-153.2K3.8M-5.6K3.4396.61N/AN/A21725,1536,201
2025-11-13$10.93$12.0017.3%5.0%27.8%17.7%37.3%101.6%8.2%-134.8K4.3M-3.3K5.4294.97N/AN/A1146185,1616,223
2025-11-14$10.86$12.0028.4%8.1%27.7%34.2%29.8%3.2%-4.9%-89.8K4.2M-2.5K0.90114.70N/AN/A3643295,2266,286
2025-11-17$10.66$12.0031.3%9.0%26.4%38.7%28.5%0.4%-1.5%-99.2K4.6M-3.0K4.8895.50N/AN/A894345,2636,254
2025-11-18$10.71$12.0030.6%8.8%26.8%37.6%31.9%-2.6%-2.3%-150.0K4.2M-4.1K2.8591.39N/AN/A1183365,3056,084
2025-11-19$10.48$12.0032.4%9.3%25.4%40.4%19.9%-5.7%-8.3%-149.1K4.4M-5.1K13.9192.97N/AN/A446125,3516,142
2025-11-20$10.18$12.0034.1%9.8%25.3%42.9%13.9%70.3%-26.8%-183.7K4.6M-3.1K0.4498.08N/AN/A3731635,3846,366
2025-11-21$10.25$12.0030.0%8.6%24.9%36.8%29.6%65.8%1.9%-134.4K4.3M-4.7K1.2897.10N/AN/A1411815,7206,273
2025-11-24$10.48$12.0017.4%5.0%26.4%17.8%24.2%2.2%11.0%-132.8K3.2M-1.9K1.0197.17N/AN/A1711735,3115,496
2025-11-25$10.52$12.0016.9%4.8%26.7%17.1%18.9%75.6%4.4%-87.3K3.1M-1.5K0.89100.36N/AN/A76685,4475,588
2025-11-26$10.57$12.0022.1%6.3%26.5%24.9%30.2%98.7%9.5%-126.3K3.2M-5.1K0.4987.16N/AN/A2821395,4135,619
2025-11-28$10.68$12.0013.1%3.8%26.6%11.4%36.9%47.6%-0.9%-88.8K3.1M-2.7K2.70100.84N/AN/A541465,4725,644