A Options History — November 2025

In November 2025, A traded between $143.98 and $158.23. ATM implied volatility averaged 32.5%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 10.1% (HV 20d: 22.4%). Max pain ranged from $130.00 to $145.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.34.

Notable Days

  • 2025-11-24: Highest Volume — 12,795 contracts
  • 2025-11-25: Largest IV drop — 24.5% change
  • 2025-11-21: Highest IV Rank — 27.8%
  • 2025-11-21: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$148.69$143.98$158.23$144.30$153.32
Max Pain$137.11$130.00$145.00$130.00$145.00
ATM IV32.5%25.7%37.9%30.6%25.7%
Expected Move9.5%7.4%10.9%8.8%7.4%
HV 20d22.4%17.5%29.6%21.0%29.6%
HV 60d28.9%28.1%29.8%29.4%28.7%
IV Rank17.9%5.4%27.8%14.3%5.4%
IV Percentile60.4%15.1%90.1%49.2%15.1%
Term Structure-0.9%-4.0%5.6%5.6%0.1%
VWIV33.5%24.6%39.4%31.7%24.6%
Skew 25d2.9%1.2%4.7%2.5%3.2%
Skew 10d5.8%-0.0%11.7%-0.0%8.0%
Call IV 25d32.4%24.6%36.5%30.2%24.6%
Put IV 25d35.2%27.7%40.4%32.7%27.7%
Bid-Ask Spread %70.8646.0487.7583.5770.94
Gamma HHI0.190.120.490.160.12
Net GEX4.3M2.3M6.8M3.4M3.2M
Net DEX-177.0M-217.7M-152.1M-156.3M-166.8M
Net VEX-591.9K-659.9K-525.3K-622.8K-546.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.1710.081.560.26
Total Volume1,942.73712512,7954,212767
Total OI36,435.63230,25839,78732,42037,878

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$144.30$130.0030.6%8.8%21.0%14.3%31.7%2.5%5.6%3.4M-156.3M-622.8K1.5683.57N/AN/A1,6452,56718,79713,623
2025-11-04$146.78$140.0031.7%9.1%20.4%16.3%31.4%2.2%2.2%3.6M-170.2M-659.9K1.8183.42N/AN/A31757520,23915,492
2025-11-05$146.94$135.0030.0%8.6%19.6%13.2%30.3%3.0%3.6%4.0M-172.4M-633.3K0.2487.75N/AN/A1313220,30015,391
2025-11-06$147.69$135.0029.5%9.6%19.0%12.4%34.2%3.5%-1.4%4.2M-176.5M-626.2K0.4469.01N/AN/A1084720,34715,378
2025-11-07$146.19$135.0030.3%9.6%17.8%13.8%33.2%3.7%-1.8%4.0M-169.0M-624.4K1.3972.18N/AN/A11916520,39215,387
2025-11-10$146.95$135.0031.5%9.7%17.5%16.1%33.0%3.3%-2.0%4.5M-174.6M-601.6K0.7072.27N/AN/A33323220,41715,446
2025-11-11$149.72$135.0031.4%9.4%18.1%15.9%34.0%1.2%-1.7%5.0M-193.9M-605.5K0.2073.24N/AN/A65013120,56515,554
2025-11-12$152.34$135.0033.1%9.5%18.7%18.9%33.8%2.8%-1.9%5.4M-214.4M-577.7K0.3771.30N/AN/A48217820,97015,579
2025-11-13$147.64$135.0034.3%9.8%22.1%21.1%34.5%1.6%-1.2%5.2M-186.2M-592.8K0.9169.56N/AN/A1,1561,04821,15815,685
2025-11-14$146.99$135.0034.6%9.9%22.2%21.7%34.7%2.6%-1.7%4.9M-175.9M-600.1K0.1769.16N/AN/A3876421,48015,805
2025-11-17$144.81$135.0035.5%10.2%22.8%23.3%36.2%2.7%-1.9%4.1M-159.4M-596.2K3.7070.01N/AN/A16561021,60215,821
2025-11-18$143.98$135.0036.0%10.3%22.0%24.3%36.5%3.4%-1.2%3.9M-152.1M-599.9K10.0871.96N/AN/A1161,16921,59115,740
2025-11-19$144.78$135.0036.8%10.6%22.0%25.8%36.9%2.5%-3.5%4.1M-158.3M-590.9K0.5172.66N/AN/A834221,67115,971
2025-11-20$145.07$135.0037.9%10.9%21.9%27.8%37.7%2.9%-2.9%4.8M-161.7M-557.0K0.4073.06N/AN/A1726821,66715,995
2025-11-21$151.50$135.0037.9%10.9%26.9%27.8%39.4%4.7%-4.0%6.8M-217.7M-557.0K0.1766.11N/AN/A1,96734221,69016,019
2025-11-24$153.14$145.0036.4%10.4%26.9%25.0%37.3%4.1%-3.2%2.3M-165.8M-525.3K1.0546.04N/AN/A6,2546,54116,78413,474
2025-11-25$158.23$145.0027.5%7.9%28.5%8.7%28.3%2.5%-0.7%4.8M-209.9M-558.9K0.4561.32N/AN/A4,0521,82821,29218,495
2025-11-26$154.83$145.0026.9%7.7%29.2%7.7%27.9%2.4%-0.4%3.7M-182.9M-570.5K1.1562.72N/AN/A1,1021,26720,78517,797
2025-11-28$153.32$145.0025.7%7.4%29.6%5.4%24.6%3.2%0.1%3.2M-166.8M-546.5K0.2670.94N/AN/A61115620,29717,581