A Options History — June 2025

In June 2025, A traded between $111.02 and $120.19. ATM implied volatility averaged 29.2%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 0.7% (HV 20d: 28.5%). Max pain ranged from $110.00 to $115.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2025-06-23: Highest Volume — 1,655 contracts
  • 2025-06-24: Largest IV drop — 15.0% change
  • 2025-06-02: Highest IV Rank — 19.1%
  • 2025-06-06: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.86$111.02$120.19$111.02$118.19
Max Pain$113.00$110.00$115.00$110.00$115.00
ATM IV29.2%26.1%31.0%31.0%26.1%
Expected Move8.4%7.5%9.3%8.9%7.5%
HV 20d28.5%21.4%38.4%38.1%21.4%
HV 60d41.4%40.8%41.8%41.7%40.8%
IV Rank15.8%10.0%19.1%19.1%10.0%
IV Percentile59.0%38.1%67.5%67.5%38.1%
Term Structure1.3%-0.3%5.9%-0.2%5.9%
VWIV28.4%22.9%30.9%30.9%22.9%
Skew 25d3.8%-3.1%9.4%2.4%-3.1%
Skew 10d6.8%-3.1%9.8%3.5%-3.1%
Call IV 25d27.3%24.8%29.7%29.7%26.5%
Put IV 25d31.0%23.4%35.6%32.1%23.4%
Bid-Ask Spread %75.9356.1387.6069.3079.38
Gamma HHI0.190.120.300.120.23
Net GEX2.4M493.0K4.2M493.0K2.4M
Net DEX-30.4M-63.3M-605.4K-605.4K-26.0M
Net VEX-377.0K-410.3K-344.6K-390.8K-358.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.055.390.620.13
Total Volume736.852261,6554971,056
Total OI31,243.125,37134,40531,72727,153

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-02$111.02$110.0031.0%8.9%38.1%19.1%30.9%2.4%-0.2%493.0K-605.4K-390.8K0.6269.30N/AN/A30719016,97414,753
2025-06-03$112.69$110.0028.9%8.3%38.4%15.4%29.0%3.4%0.6%998.1K-9.1M-383.8K0.2265.54N/AN/A45210117,12514,750
2025-06-04$115.00$110.0029.7%8.5%36.9%16.9%29.5%3.1%-0.3%1.7M-22.2M-385.8K0.9456.13N/AN/A13012217,15214,761
2025-06-05$114.31$110.0030.1%8.5%36.7%17.5%30.0%4.3%1.6%1.4M-18.2M-387.6K0.2769.70N/AN/A2406517,18014,810
2025-06-06$115.63$110.0030.6%9.3%36.6%18.5%28.6%3.9%2.0%1.8M-25.9M-387.9K0.0574.56N/AN/A1,5518317,24014,802
2025-06-09$117.09$110.0030.9%8.5%36.0%18.9%28.8%3.8%0.5%3.0M-41.5M-399.2K0.1473.91N/AN/A76110518,53614,831
2025-06-10$120.19$110.0030.0%8.4%27.6%17.3%29.1%3.3%1.5%4.2M-63.3M-410.3K0.1272.16N/AN/A1,04612318,82714,829
2025-06-11$119.91$110.0029.4%8.4%27.7%16.3%30.0%4.0%0.8%4.0M-60.4M-402.7K1.5674.07N/AN/A35855718,67014,890
2025-06-12$118.72$115.0029.0%8.3%24.6%15.6%28.0%5.5%1.2%3.1M-48.9M-399.4K0.3875.43N/AN/A1967418,78715,549
2025-06-13$116.72$115.0029.9%8.6%25.6%17.2%29.7%3.0%2.3%2.4M-36.5M-391.1K0.3276.44N/AN/A2116718,78615,548
2025-06-16$119.06$115.0029.5%8.5%26.0%16.6%30.1%5.0%0.6%3.3M-47.8M-384.1K0.9277.37N/AN/A15714518,85115,554
2025-06-17$116.03$115.0030.9%8.9%27.8%18.5%27.8%6.1%1.0%2.5M-30.2M-371.1K1.2481.74N/AN/A19524218,83915,531
2025-06-18$116.00$115.0029.9%8.6%27.8%16.7%29.0%4.1%1.9%2.3M-28.7M-360.3K0.8480.66N/AN/A33628118,85115,482
2025-06-20$115.84$115.0030.1%8.6%23.7%17.1%28.5%5.3%0.1%3.8M-31.9M-358.6K0.1781.61N/AN/A1,01516818,97915,332
2025-06-23$115.80$115.0030.7%8.8%23.7%18.0%27.5%2.1%1.7%1.1M-9.6M-344.6K0.1386.37N/AN/A1,46419113,89611,475
2025-06-24$117.78$115.0026.1%7.5%23.7%10.0%26.4%3.0%1.8%2.0M-20.2M-355.6K0.7178.41N/AN/A19513914,63011,570
2025-06-25$119.05$115.0026.7%7.7%22.9%11.1%28.0%9.4%1.7%2.1M-28.5M-353.1K0.4187.60N/AN/A1606614,76011,565
2025-06-26$119.44$115.0026.8%7.7%22.9%11.3%27.2%4.1%1.5%2.3M-30.3M-349.8K0.1579.46N/AN/A1,21017914,80011,573
2025-06-27$118.81$115.0028.4%8.1%22.2%14.0%27.4%2.2%0.5%2.5M-28.9M-365.6K5.3978.72N/AN/A12567415,54311,678
2025-06-30$118.19$115.0026.1%7.5%21.4%10.0%22.9%-3.1%5.9%2.4M-26.0M-358.8K0.1379.38N/AN/A93412215,59611,557