ASHR Options History — September 2025

In September 2025, ASHR traded between $30.88 and $32.95. ATM implied volatility averaged 21.5%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 0.7% (HV 20d: 22.2%). Max pain ranged from $28.00 to $31.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.37.

Notable Days

2025-09-11: Highest Volume — 166,808 contracts
2025-09-29: Largest IV spike — 11.4% change
2025-09-29: Highest IV Rank — 14.4%
2025-09-02: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.02	$30.88	$32.95	$31.76	$32.95
Max Pain	$29.74	$28.00	$31.00	$28.00	$30.00
ATM IV	21.5%	20.2%	22.5%	22.0%	22.0%
Expected Move	6.1%	5.6%	6.5%	6.5%	5.7%
HV 20d	22.2%	18.9%	24.8%	19.3%	19.8%
HV 60d	16.6%	14.7%	17.4%	14.7%	17.4%
IV Rank	12.8%	11.0%	14.4%	13.6%	13.6%
IV Percentile	36.8%	26.2%	44.0%	41.7%	40.5%
Term Structure	0.1%	-0.5%	0.8%	-0.5%	-0.3%
VWIV	21.8%	19.7%	24.3%	22.1%	19.7%
Skew 25d	-2.6%	-3.4%	-1.6%	-2.8%	-2.5%
Skew 10d	-5.1%	-9.4%	3.2%	-5.0%	-5.7%
Call IV 25d	23.6%	22.4%	24.8%	24.1%	23.5%
Put IV 25d	21.0%	19.9%	21.9%	21.3%	21.1%
Bid-Ask Spread %	12.36	3.65	53.82	3.92	3.99
Gamma HHI	0.20	0.14	0.61	0.15	0.20
Net GEX	86.7M	54.8M	251.8M	64.6M	89.9M
Net DEX	-1.44B	-1.97B	-923.8M	-1.49B	-1.36B
Net VEX	-4.2M	-4.3M	-3.9M	-4.0M	-4.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.37	0.02	1.86	1.86	0.07
Total Volume	58,130.476	7,852	166,808	34,930	61,740
Total OI	1,444,838.238	1,253,702	1,759,901	1,363,142	1,299,430

Daily Data (21 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
2025-09-02	$31.76	$28.00	22.0%	6.5%	19.3%	13.6%	22.1%	-2.8%	-0.5%	64.6M	-1.49B	-4.0M	1.86	3.92	N/A	N/A	12,234	22,696	866,064	497,078
2025-09-03	$31.55	$28.00	21.4%	6.3%	19.7%	12.8%	22.7%	-2.9%	-0.2%	60.3M	-1.39B	-4.0M	0.33	53.82	N/A	N/A	29,072	9,594	864,394	518,073
2025-09-04	$30.88	$29.00	21.0%	6.1%	21.8%	12.2%	20.8%	-2.0%	0.8%	54.8M	-1.14B	-3.9M	1.01	9.27	N/A	N/A	25,995	26,260	887,029	524,915
2025-09-05	$31.56	$29.00	21.8%	6.4%	22.7%	13.3%	21.5%	-1.6%	-0.3%	62.6M	-1.43B	-4.1M	0.29	4.10	N/A	N/A	61,151	17,489	904,382	536,445
2025-09-08	$31.70	$29.00	21.4%	6.3%	22.6%	12.7%	21.6%	-2.3%	0.4%	70.7M	-1.51B	-4.1M	0.48	3.79	N/A	N/A	35,399	17,055	911,826	539,139
2025-09-09	$31.54	$30.00	21.0%	6.2%	22.9%	12.2%	21.8%	-2.7%	0.6%	72.1M	-1.45B	-3.9M	0.77	25.86	N/A	N/A	23,202	17,824	916,764	546,842
2025-09-10	$31.43	$30.00	20.7%	5.9%	22.8%	11.7%	22.0%	-1.9%	-0.2%	71.8M	-1.40B	-4.0M	0.04	3.87	N/A	N/A	33,273	1,268	932,089	564,014
2025-09-11	$32.45	$30.00	22.1%	6.3%	24.7%	13.8%	22.1%	-2.6%	-0.4%	85.6M	-1.88B	-4.0M	0.02	4.46	N/A	N/A	163,033	3,775	952,303	564,773
2025-09-12	$32.09	$30.00	21.1%	6.1%	24.8%	12.3%	22.4%	-2.5%	0.2%	92.4M	-1.80B	-4.3M	0.24	4.32	N/A	N/A	24,388	5,919	1,032,439	567,631
2025-09-15	$32.28	$30.00	22.3%	6.4%	24.7%	14.1%	24.3%	-2.9%	0.6%	90.7M	-1.86B	-4.3M	0.12	3.90	N/A	N/A	36,893	4,308	1,040,456	572,863
2025-09-16	$32.22	$30.00	22.1%	6.3%	24.4%	13.7%	22.2%	-2.6%	-0.1%	97.5M	-1.86B	-4.3M	0.21	4.43	N/A	N/A	8,202	1,707	1,067,890	576,681
2025-09-17	$32.45	$30.00	21.5%	6.2%	23.9%	12.9%	22.6%	-2.6%	0.7%	103.6M	-1.97B	-4.2M	0.02	50.14	N/A	N/A	109,173	2,183	1,072,781	576,914
2025-09-18	$31.98	$30.00	21.6%	6.2%	24.1%	13.0%	23.3%	-2.7%	0.3%	101.0M	-1.71B	-4.2M	0.13	5.06	N/A	N/A	104,185	13,877	1,094,344	577,298
2025-09-19	$32.00	$30.00	21.6%	6.2%	24.1%	13.0%	21.9%	-3.4%	-0.0%	251.8M	-1.79B	-4.3M	0.28	15.81	N/A	N/A	118,755	32,698	1,174,111	585,790
2025-09-22	$32.09	$30.00	21.5%	6.0%	21.7%	12.9%	21.2%	-2.5%	0.1%	81.0M	-974.6M	-4.3M	0.29	4.23	N/A	N/A	33,948	9,711	899,695	365,428
2025-09-23	$32.02	$30.00	20.9%	5.9%	21.5%	12.1%	20.3%	-2.7%	-0.0%	70.4M	-923.8M	-4.3M	0.30	3.85	N/A	N/A	6,018	1,834	877,543	376,159
2025-09-24	$32.19	$30.50	20.9%	5.8%	21.6%	12.0%	22.6%	-2.6%	0.2%	73.3M	-976.3M	-4.3M	0.06	4.67	N/A	N/A	19,375	1,084	877,643	377,711
2025-09-25	$32.39	$31.00	21.2%	6.0%	20.4%	12.5%	20.6%	-2.9%	0.2%	79.8M	-1.05B	-4.2M	0.93	42.65	N/A	N/A	23,583	21,824	877,436	378,512
2025-09-26	$32.14	$30.00	20.2%	5.6%	18.9%	11.0%	20.0%	-2.5%	0.4%	66.5M	-1.00B	-4.1M	0.13	3.65	N/A	N/A	26,016	3,433	888,898	395,019
2025-09-29	$32.78	$30.00	22.5%	6.2%	20.0%	14.4%	21.5%	-2.9%	-0.2%	80.3M	-1.24B	-4.2M	0.15	3.84	N/A	N/A	43,887	6,679	871,201	391,600
2025-09-30	$32.95	$30.00	22.0%	5.7%	19.8%	13.6%	19.7%	-2.5%	-0.3%	89.9M	-1.36B	-4.3M	0.07	3.99	N/A	N/A	57,625	4,115	902,436	396,994