YMAX Options History — December 2025

In December 2025, YMAX traded between $9.98 and $10.80. ATM implied volatility averaged 15.2%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded below realized volatility by 4.7% (HV 20d: 19.9%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 1.74.

Notable Days

  • 2025-12-08: Highest Volume — 494 contracts
  • 2025-12-30: Largest IV spike — 136.3% change
  • 2025-12-01: Highest IV Rank — 30.2%
  • 2025-12-01: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.47$9.98$10.80$10.63$9.98
Max Pain$12.86$12.00$13.00$12.00$13.00
ATM IV15.2%8.1%25.7%25.7%8.2%
Expected Move4.2%2.3%7.4%7.4%2.4%
HV 20d19.9%14.9%25.9%25.6%16.4%
HV 60d23.0%22.7%23.5%22.9%23.0%
IV Rank14.6%3.9%30.2%30.2%4.0%
IV Percentile42.1%3.2%86.5%86.5%4.0%
Term Structure8.5%-15.5%36.0%-1.8%14.1%
VWIV30.2%11.5%74.3%36.4%74.3%
Skew 25d34.2%-32.2%191.8%6.0%191.8%
Skew 10d62.2%-8.3%263.9%4.9%185.5%
Call IV 25d88.9%13.5%187.5%18.6%13.5%
Put IV 25d123.1%1.3%205.3%24.6%205.3%
Bid-Ask Spread %87.6680.4297.7397.7380.71
Gamma HHI0.740.360.980.710.98
Net GEX-113.4K-287.6K-3.5K-103.7K-233.4K
Net DEX3.1M2.4M3.7M3.1M3.7M
Net VEX-2.5K-4.9K-668-3.9K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.740.186.060.751.06
Total Volume218.18248494234109
Total OI11,562.86411,04612,37211,23511,149

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$10.63$12.0025.7%7.4%25.6%30.2%36.4%6.0%-1.8%-103.7K3.1M-3.9K0.7597.73N/AN/A1341005,5215,714
2025-12-02$10.68$12.0014.2%4.1%25.9%13.0%22.4%112.6%7.6%-106.6K3.2M-3.0K0.2593.81N/AN/A332835,5815,762
2025-12-03$10.68$12.0015.8%4.5%24.6%15.5%23.2%16.2%7.9%-137.3K3.3M-3.8K2.6992.48N/AN/A13355,4845,772
2025-12-04$10.71$13.0017.3%3.4%24.7%17.6%16.8%67.6%11.2%-63.1K3.2M-2.0K0.5995.09N/AN/A78465,4975,784
2025-12-05$10.70$13.0013.8%3.5%23.2%12.5%15.6%68.0%13.3%-71.4K3.4M-3.2K1.9988.91N/AN/A901795,5905,796
2025-12-08$10.73$13.0017.9%5.8%23.2%18.5%43.2%-1.0%12.4%-95.2K3.2M-1.4K6.0689.99N/AN/A704245,6455,783
2025-12-09$10.80$13.0015.7%3.3%22.1%15.2%13.6%-32.2%10.9%-84.3K3.3M-1.5K3.3489.41N/AN/A29975,6816,029
2025-12-10$10.73$13.0014.6%4.2%22.2%13.6%37.4%77.7%8.6%-20.4K3.2M-1.5K3.0485.20N/AN/A1163535,6206,099
2025-12-11$10.68$13.008.1%2.3%21.5%3.9%16.1%40.7%8.1%-91.1K3.3M-3.4K1.0289.94N/AN/A52535,7296,374
2025-12-12$10.54$13.0014.1%4.0%18.9%12.9%25.1%77.0%11.5%-118.4K3.2M-2.9K4.5588.63N/AN/A291325,7336,370
2025-12-15$10.39$13.0024.9%7.1%19.3%29.1%27.5%-23.5%-15.5%-190.4K3.2M-1.6K1.8082.30N/AN/A661195,7446,402
2025-12-16$10.50$13.0020.7%5.9%18.8%22.8%70.2%-17.0%-5.4%-61.0K3.0M-1.4K1.6487.06N/AN/A1382265,7816,405
2025-12-17$10.21$13.0024.7%7.1%21.0%28.8%24.7%-0.9%-1.0%-199.6K3.7M-3.1K0.1890.45N/AN/A227415,7336,408
2025-12-18$10.27$13.0011.3%3.2%19.9%8.6%18.3%-7.4%29.9%-58.9K3.3M-4.9K2.0285.23N/AN/A40815,9456,401
2025-12-19$10.39$13.008.9%2.5%17.4%5.0%24.2%0.8%13.7%-67.7K3.2M-4.5K1.2682.99N/AN/A1642065,9576,415
2025-12-22$10.43$13.0010.3%3.0%17.3%7.2%11.5%-3.5%36.0%-117.3K2.6M-3.0K1.5587.59N/AN/A1031605,6415,419
2025-12-23$10.39$13.0011.4%3.3%15.4%8.8%12.4%10.7%-5.4%-3.5K2.4M-6830.5380.92N/AN/A165875,7065,420
2025-12-24$10.29$13.0013.6%3.9%15.6%12.0%38.0%3.6%8.9%-93.0K2.9M-3.2K0.2687.54N/AN/A78205,5635,492
2025-12-26$10.27$13.0015.3%4.4%15.5%14.7%39.7%0.8%3.2%-92.1K2.5M-6682.0588.03N/AN/A22455,5625,494
2025-12-29$10.21$13.008.5%2.4%14.9%4.5%54.4%2.3%14.7%-198.7K2.8M-2.0K0.3680.42N/AN/A85315,5635,483
2025-12-30$10.21$13.0020.1%5.8%14.9%21.9%20.2%162.1%4.5%-287.6K2.7M-9831.1884.14N/AN/A65775,6355,501
2025-12-31$9.98$13.008.2%2.4%16.4%4.0%74.3%191.8%14.1%-233.4K3.7M-2.0K1.0680.71N/AN/A53565,6195,530