ASAN Options History — December 2025

In December 2025, ASAN traded between $12.91 and $14.98. ATM implied volatility averaged 49.2%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 6.4% (HV 20d: 42.8%). Max pain ranged from $13.50 to $15.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.37.

Notable Days

2025-12-02: Highest Volume — 24,048 contracts
2025-12-03: Largest IV drop — 34.8% change
2025-12-02: Highest IV Rank — 60.0%
2025-12-02: Largest Expected Move — 28.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.16	$12.91	$14.98	$12.91	$13.71
Max Pain	$14.93	$13.50	$15.00	$15.00	$15.00
ATM IV	49.2%	41.9%	81.3%	79.0%	43.4%
Expected Move	14.5%	11.6%	28.1%	26.2%	11.6%
HV 20d	42.8%	35.2%	46.2%	35.2%	41.7%
HV 60d	46.5%	44.5%	47.5%	44.5%	45.1%
IV Rank	20.5%	11.5%	60.0%	57.2%	13.3%
IV Percentile	18.3%	1.6%	71.8%	67.1%	2.8%
Term Structure	-1.2%	-28.8%	3.6%	-28.8%	-0.4%
VWIV	50.9%	41.3%	99.0%	96.8%	41.3%
Skew 25d	0.9%	-4.8%	4.8%	4.8%	-0.4%
Skew 10d	2.0%	-53.7%	22.1%	-39.2%	9.3%
Call IV 25d	49.8%	42.4%	81.8%	73.5%	43.5%
Put IV 25d	50.6%	39.7%	84.3%	78.3%	43.1%
Bid-Ask Spread %	39.63	18.25	85.43	44.24	18.25
Gamma HHI	0.18	0.11	0.24	0.14	0.22
Net GEX	389.3K	-14.7K	844.8K	28.8K	-14.7K
Net DEX	-13.4M	-26.3M	-1.8M	-1.8M	-4.9M
Net VEX	-166.9K	-184.2K	-140.8K	-161.2K	-140.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.37	0.10	0.94	0.94	0.82
Total Volume	4,560.727	566	24,048	10,164	566
Total OI	97,341.455	77,289	123,482	97,950	78,535

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-12-01	$12.91	$15.00	79.0%	26.2%	35.2%	57.2%	96.8%	4.8%	-28.8%	28.8K	-1.8M	-161.2K	0.94	44.24	N/A	N/A	5,240	4,924	54,924	43,026
2025-12-02	$13.52	$15.00	81.3%	28.1%	39.3%	60.0%	99.0%	2.5%	-3.9%	108.8K	-8.3M	-179.1K	0.36	37.23	N/A	N/A	17,654	6,394	58,560	45,898
2025-12-03	$14.49	$13.50	53.0%	16.0%	42.4%	25.1%	54.2%	2.2%	-0.5%	844.8K	-26.3M	-181.8K	0.26	85.43	N/A	N/A	18,763	4,959	72,461	51,021
2025-12-04	$14.16	$15.00	48.9%	13.5%	43.4%	20.1%	46.0%	-0.2%	2.0%	606.3K	-17.2M	-181.6K	0.29	42.70	N/A	N/A	4,116	1,201	68,515	53,525
2025-12-05	$14.16	$15.00	47.2%	13.5%	43.4%	18.0%	47.3%	1.6%	2.8%	555.8K	-16.4M	-179.1K	0.17	64.44	N/A	N/A	3,940	675	67,560	53,872
2025-12-08	$14.55	$15.00	46.8%	12.8%	44.0%	17.6%	46.1%	-3.2%	-3.1%	447.1K	-18.0M	-177.9K	0.20	37.64	N/A	N/A	4,043	816	62,033	37,394
2025-12-09	$14.98	$15.00	47.5%	14.1%	44.7%	18.4%	49.6%	2.1%	1.1%	613.3K	-24.0M	-184.2K	0.22	42.64	N/A	N/A	3,362	733	63,667	37,546
2025-12-10	$14.61	$15.00	47.7%	14.0%	45.1%	18.7%	48.3%	0.9%	0.7%	586.2K	-19.6M	-181.8K	0.61	71.20	N/A	N/A	1,198	728	64,443	37,754
2025-12-11	$14.76	$15.00	47.4%	13.4%	44.0%	18.3%	45.5%	1.7%	-1.2%	661.9K	-21.7M	-179.8K	0.10	33.09	N/A	N/A	1,405	145	64,951	38,096
2025-12-12	$14.43	$15.00	45.1%	12.8%	43.6%	15.4%	46.8%	-4.6%	0.4%	538.9K	-17.1M	-174.6K	0.43	37.80	N/A	N/A	867	374	65,133	38,132
2025-12-15	$14.07	$15.00	48.0%	13.9%	44.9%	18.9%	48.3%	0.3%	-1.0%	372.1K	-11.4M	-171.1K	0.31	33.74	N/A	N/A	1,109	348	63,023	37,411
2025-12-16	$14.25	$15.00	46.8%	13.4%	40.5%	17.5%	47.3%	0.7%	0.8%	451.6K	-12.7M	-169.4K	0.12	26.11	N/A	N/A	1,120	133	63,625	37,257
2025-12-17	$14.61	$15.00	46.6%	13.4%	40.8%	17.3%	47.9%	2.8%	-0.4%	642.0K	-19.5M	-172.2K	0.27	39.75	N/A	N/A	1,645	446	63,857	36,822
2025-12-18	$14.48	$15.00	46.0%	13.2%	41.1%	16.6%	47.1%	1.6%	-0.9%	608.5K	-17.0M	-168.8K	0.33	26.65	N/A	N/A	856	286	64,249	36,822
2025-12-19	$14.50	$15.00	45.6%	13.2%	40.6%	16.1%	46.9%	1.4%	-1.9%	425.8K	-16.2M	-167.8K	0.28	29.87	N/A	N/A	1,126	312	64,581	36,633
2025-12-22	$14.39	$15.00	43.5%	12.8%	40.4%	13.5%	46.6%	-4.8%	2.0%	329.7K	-12.8M	-160.5K	0.68	24.87	N/A	N/A	1,466	1,003	49,315	31,184
2025-12-23	$13.61	$15.00	42.9%	12.6%	46.2%	12.8%	44.1%	3.0%	1.1%	359.8K	-4.0M	-151.9K	0.46	80.71	N/A	N/A	1,382	634	49,784	31,781
2025-12-24	$13.75	$15.00	41.9%	12.4%	46.0%	11.5%	43.9%	-1.3%	0.3%	144.6K	-5.5M	-152.0K	0.26	21.93	N/A	N/A	1,020	269	49,823	31,928
2025-12-26	$13.86	$15.00	44.7%	12.3%	46.0%	14.9%	42.2%	4.4%	-0.5%	184.9K	-7.9M	-149.2K	0.15	22.27	N/A	N/A	1,597	236	49,794	31,348
2025-12-29	$13.88	$15.00	45.2%	12.7%	44.4%	15.6%	43.6%	0.8%	3.6%	21.8K	-5.7M	-144.6K	0.61	23.93	N/A	N/A	996	604	46,320	30,969
2025-12-30	$13.84	$15.00	43.2%	12.5%	44.4%	13.1%	41.8%	2.6%	1.3%	46.1K	-6.1M	-142.8K	0.29	27.32	N/A	N/A	1,278	367	46,818	31,122
2025-12-31	$13.71	$15.00	43.4%	11.6%	41.7%	13.3%	41.3%	-0.4%	-0.4%	-14.7K	-4.9M	-140.8K	0.82	18.25	N/A	N/A	311	255	47,245	31,290