A Options History — August 2025

In August 2025, A traded between $113.33 and $125.56. ATM implied volatility averaged 33.4%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 3.8% (HV 20d: 29.6%). Max pain ranged from $115.00 to $120.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2025-08-28: Highest Volume — 3,487 contracts
  • 2025-08-28: Largest IV drop — 30.3% change
  • 2025-08-27: Highest IV Rank — 30.3%
  • 2025-08-27: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.95$113.33$125.56$113.34$125.56
Max Pain$119.29$115.00$120.00$115.00$120.00
ATM IV33.4%26.3%37.7%34.7%27.1%
Expected Move9.5%7.5%10.8%10.0%7.8%
HV 20d29.6%20.9%38.8%38.8%28.9%
HV 60d29.8%28.2%33.0%33.0%30.4%
IV Rank22.8%10.3%30.3%25.1%11.8%
IV Percentile72.9%31.3%89.7%81.0%38.1%
Term Structure-0.8%-4.5%1.9%-1.0%0.4%
VWIV33.4%26.8%37.8%37.7%26.8%
Skew 25d3.1%-2.0%4.3%-2.0%3.0%
Skew 10d6.0%-10.8%15.8%-10.8%8.4%
Call IV 25d31.7%24.6%35.9%33.6%25.6%
Put IV 25d34.8%28.2%40.0%31.6%28.5%
Bid-Ask Spread %78.3071.5780.9378.3871.57
Gamma HHI0.150.110.320.140.18
Net GEX976.2K-74.5K2.8M718.3K2.2M
Net DEX-10.1M-47.3M7.1M4.1M-44.5M
Net VEX-309.3K-355.0K-275.4K-303.2K-355.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.075.481.850.15
Total Volume1,072.3811333,4871,0701,847
Total OI27,178.28622,33729,72127,56128,297

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$113.34$115.0034.7%10.0%38.8%25.1%37.7%-2.0%-1.0%718.3K4.1M-303.2K1.8578.38N/AN/A37669415,30312,258
2025-08-04$114.84$120.0032.8%9.4%38.6%21.7%33.0%3.5%1.2%772.3K648.7K-293.7K3.0078.15N/AN/A19959815,31012,734
2025-08-05$114.85$120.0036.7%9.7%37.6%28.5%34.2%2.9%0.0%702.7K857.9K-288.2K0.4180.42N/AN/A943915,41112,698
2025-08-06$113.33$120.0032.2%9.4%37.7%20.7%33.3%3.8%-0.4%287.4K7.1M-279.1K1.3479.20N/AN/A10514115,42612,709
2025-08-07$113.69$120.0032.1%9.3%36.4%20.6%34.7%3.1%0.7%344.5K5.3M-279.3K3.1780.93N/AN/A11536415,45812,674
2025-08-08$114.42$120.0030.7%9.2%36.6%18.2%32.6%2.9%0.7%537.6K2.6M-287.3K1.3377.36N/AN/A14118715,47612,986
2025-08-11$114.34$120.0037.1%9.5%35.7%29.3%33.3%3.5%-0.5%430.1K3.2M-275.4K0.3578.05N/AN/A1154015,52512,975
2025-08-12$116.98$120.0035.1%9.3%25.9%25.8%31.5%3.1%1.8%1.4M-8.2M-277.4K1.2180.01N/AN/A19022915,52412,986
2025-08-13$120.31$120.0032.7%9.4%27.1%21.5%33.4%3.1%1.9%2.8M-24.5M-283.4K1.5380.60N/AN/A63497315,55213,100
2025-08-14$118.75$120.0032.3%9.3%26.8%20.9%32.9%3.1%0.4%1.4M-12.9M-288.9K0.4580.38N/AN/A41118315,67213,930
2025-08-15$119.28$120.0032.0%9.2%25.7%20.4%32.0%1.8%0.5%2.0M-12.5M-288.0K0.1475.53N/AN/A98314015,64314,078
2025-08-18$118.52$120.0033.5%9.6%25.4%23.0%33.4%3.7%-2.6%-74.5K-3.3M-286.3K0.1776.55N/AN/A2,04534810,59611,741
2025-08-19$119.99$120.0035.4%10.1%22.3%26.3%34.1%3.9%-3.2%648.0K-14.5M-328.8K0.5676.69N/AN/A35119612,31711,985
2025-08-20$119.22$120.0033.9%9.7%20.9%23.7%32.8%4.3%-2.5%575.2K-11.1M-331.1K0.0777.14N/AN/A4703312,48712,113
2025-08-21$117.23$120.0035.0%10.0%21.6%25.7%35.9%3.2%-2.5%404.7K-5.0M-327.7K5.4880.78N/AN/A17696412,74112,120
2025-08-22$121.73$120.0032.7%9.4%25.6%21.5%32.0%3.6%-0.8%889.9K-19.6M-348.3K0.7180.03N/AN/A31622412,79812,600
2025-08-25$118.65$120.0035.5%10.2%27.1%26.5%36.1%3.4%-3.6%534.0K-8.6M-335.2K0.3178.30N/AN/A1,03931912,93312,711
2025-08-26$118.25$120.0035.9%10.3%27.1%27.2%37.3%3.6%-3.7%617.9K-9.2M-344.6K0.2780.76N/AN/A61716913,39812,938
2025-08-27$118.92$115.0037.7%10.8%26.2%30.3%37.8%4.1%-4.5%853.3K-13.8M-348.5K0.5677.91N/AN/A1,9001,06813,85813,004
2025-08-28$124.69$115.0026.3%7.5%29.9%10.3%27.5%3.5%0.9%2.3M-47.3M-346.4K0.4175.48N/AN/A2,4671,02015,04213,637
2025-08-29$125.56$120.0027.1%7.8%28.9%11.8%26.8%3.0%0.4%2.2M-44.5M-355.0K0.1571.57N/AN/A1,61323414,63613,661