BLSH Options History — September 2025

In September 2025, BLSH traded between $48.74 and $69.29. ATM implied volatility averaged 87.2%. The 30-day expected move averaged 24.7%. IV traded below realized volatility by 20.7% (HV 20d: 107.9%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.72.

Notable Days

  • 2025-09-18: Highest Volume — 77,358 contracts
  • 2025-09-18: Largest IV drop — 17.7% change
  • 2025-09-17: Largest Expected Move — 27.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.16$48.74$69.29$61.62$63.75
Max Pain$57.14$55.00$60.00$60.00$60.00
ATM IV87.2%76.2%97.4%94.6%76.2%
Expected Move24.7%20.3%27.7%27.5%20.3%
HV 20d107.9%89.3%117.3%95.0%112.3%
Term Structure-0.8%-4.6%6.7%-0.9%0.9%
VWIV92.6%74.9%106.1%99.3%74.9%
Skew 25d-13.7%-22.4%-7.9%-8.6%-16.0%
Skew 10d-31.3%-73.4%32.8%32.8%-58.2%
Call IV 25d97.0%87.7%106.3%97.8%87.7%
Put IV 25d83.3%71.7%97.0%89.2%71.7%
Bid-Ask Spread %22.098.4642.0112.7015.50
Gamma HHI0.100.050.210.060.16
Net GEX1.2M-2.1M5.6M353.6K4.5M
Net DEX-40.0M-180.4M44.4M-19.5M-96.9M
Net VEX-406.3K-630.4K-230.5K-266.0K-577.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.371.390.590.75
Total Volume27,327.0487,04677,3587,04614,274
Total OI91,273.42946,614159,23046,614124,291

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$61.62$60.0094.6%27.5%0.0%0.0%99.3%-8.6%-0.9%353.6K-19.5M-266.0K0.5912.70N/AN/A4,4282,61826,21120,403
2025-09-03$53.60$60.0087.1%26.3%0.0%0.0%99.8%-8.4%0.2%-244.1K17.4M-234.5K0.9523.96N/AN/A14,12713,42627,43121,571
2025-09-04$48.74$55.0090.4%25.9%0.0%0.0%93.1%-10.8%-0.2%-658.1K44.4M-230.5K1.1618.06N/AN/A10,99312,78532,78826,534
2025-09-05$52.30$55.0097.4%26.9%0.0%0.0%94.9%-9.2%-4.5%110.4K15.3M-285.7K0.8512.64N/AN/A10,3028,77137,85330,121
2025-09-08$50.16$55.0091.7%25.5%0.0%0.0%91.8%-9.8%-2.8%-350.4K19.1M-255.6K0.9222.37N/AN/A4,4434,10631,46425,360
2025-09-09$53.65$55.0090.1%25.0%0.0%0.0%92.4%-8.2%-1.6%48.5K558.2K-283.3K0.4728.67N/AN/A13,6016,39433,38527,235
2025-09-10$52.13$55.0088.5%24.6%0.0%0.0%87.9%-7.9%-2.7%-87.9K6.6M-306.2K1.3928.00N/AN/A5,1037,11039,17630,625
2025-09-11$54.11$55.0087.2%24.6%0.0%0.0%87.3%-14.3%-1.4%259.6K-4.9M-333.7K0.5638.30N/AN/A12,0096,77039,94932,931
2025-09-12$52.37$55.0086.7%24.2%95.0%0.0%91.3%-13.0%-4.6%-462.6K9.2M-330.8K0.8142.01N/AN/A6,9715,61644,56435,462
2025-09-15$51.02$55.0087.9%25.0%91.8%0.0%93.8%-15.3%-0.5%-405.8K14.2M-323.3K0.7130.84N/AN/A6,6524,74040,90932,860
2025-09-16$51.08$55.0089.7%25.6%89.3%0.0%96.1%-13.8%2.8%-397.0K12.4M-337.6K1.1626.04N/AN/A9,97211,53943,50435,497
2025-09-17$54.33$55.0096.6%27.7%91.6%0.0%100.9%-14.5%-4.2%424.6K-24.7M-374.6K0.4529.04N/AN/A21,7159,77347,40338,787
2025-09-18$66.13$55.0079.5%22.9%117.3%0.0%80.8%-10.9%-2.0%3.4M-157.6M-397.5K0.5032.84N/AN/A51,67725,68154,70945,017
2025-09-19$67.81$55.0082.5%23.8%114.6%0.0%84.3%-11.5%-2.1%5.0M-173.0M-497.4K0.4826.44N/AN/A24,61511,79663,23358,528
2025-09-22$67.56$60.0084.5%24.5%114.6%0.0%99.9%-16.2%2.7%3.5M-129.5M-516.2K0.588.46N/AN/A30,50217,76950,69540,594
2025-09-23$69.29$60.0086.0%24.9%113.7%0.0%106.1%-21.7%6.7%5.6M-180.4M-569.6K0.3811.94N/AN/A43,64816,56462,66554,440
2025-09-24$66.31$60.0085.4%24.2%114.8%0.0%91.9%-22.4%-2.3%3.5M-113.9M-630.4K0.3710.79N/AN/A9,9813,69577,23762,483
2025-09-25$61.96$60.0085.7%24.1%117.2%0.0%96.7%-20.2%0.1%-2.1M-18.0M-595.3K0.9111.63N/AN/A31,41228,43678,94863,046
2025-09-26$60.99$60.0080.7%22.8%117.2%0.0%103.3%-17.1%0.6%-265.9K16.4M-602.2K0.5615.66N/AN/A24,05213,41787,27171,959
2025-09-29$62.35$60.0082.2%21.8%113.0%0.0%78.6%-18.8%-0.3%2.5M-76.9M-583.9K0.5517.88N/AN/A8,0164,36966,42353,180
2025-09-30$63.75$60.0076.2%20.3%112.3%0.0%74.9%-16.0%0.9%4.5M-96.9M-577.2K0.7515.50N/AN/A8,1676,10768,60355,688