BTM Options History — June 2025

In June 2025, BTM traded between $29.26 and $45.08. ATM implied volatility averaged 119.9%. The 30-day expected move averaged 33.9%. IV traded below realized volatility by 7.2% (HV 20d: 127.0%). Max pain ranged from $21.00 to $35.00. Net GEX was positive for 18 of 18 trading days. Term structure was in contango for 3 of 18 days. Put/call ratio averaged 0.21.

Notable Days

  • 2025-06-12: Highest Volume — 545 contracts
  • 2025-06-10: Largest IV drop — 17.6% change
  • 2025-06-17: Largest Expected Move — 36.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.87$29.26$45.08$31.71$35.49
Max Pain$32.28$21.00$35.00$28.00$35.00
ATM IV119.9%105.4%135.7%127.3%112.0%
Expected Move33.9%30.2%36.7%36.5%32.1%
HV 20d127.0%125.1%129.0%127.0%125.1%
Term Structure-7.2%-19.8%8.5%-14.6%-2.7%
VWIV119.1%108.5%139.6%130.7%112.8%
Skew 25d-6.1%-36.2%28.6%28.6%-32.3%
Skew 10d-10.8%-74.4%96.8%96.8%-57.0%
Call IV 25d116.6%86.7%136.4%109.0%117.1%
Put IV 25d110.5%84.8%137.6%137.6%84.8%
Bid-Ask Spread %61.4946.2794.0094.0058.72
Gamma HHI0.280.180.630.460.19
Net GEX16.4K63740.8K63715.3K
Net DEX-1.4M-3.1M-4.4K-13.6K-1.5M
Net VEX-10.6K-19.4K-617-617-18.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.011.020.011.02
Total Volume174.778175451777
Total OI1,139.7221312,0811312,081

Daily Data (18 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-06-04$31.71$28.00127.3%36.5%0.0%0.0%130.7%28.6%-14.6%637-13.6K-6170.0194.00N/AN/A1705378
2025-06-05$29.26$21.00123.4%32.8%0.0%0.0%111.1%17.8%-13.8%856-4.4K-6290.1079.23N/AN/A3336978
2025-06-06$32.83$21.00128.9%32.6%0.0%0.0%113.3%25.9%-4.7%1.7K-92.3K-7090.0189.49N/AN/A6718382
2025-06-09$40.39$21.00135.7%36.2%0.0%0.0%124.0%0.1%-13.6%2.4K-282.8K-8790.1454.66N/AN/A2263211582
2025-06-10$42.28$35.00111.8%34.0%0.0%0.0%115.2%25.6%-4.2%5.9K-613.0K-2.1K0.2859.05N/AN/A15543250106
2025-06-11$43.82$35.00115.6%33.1%0.0%0.0%115.8%-5.8%-1.4%10.3K-863.7K-2.8K0.0460.01N/AN/A24511365145
2025-06-12$43.47$35.00107.0%30.7%0.0%0.0%108.5%0.4%3.3%17.6K-1.0M-3.7K0.0558.70N/AN/A51926510152
2025-06-13$43.33$35.00122.1%35.0%0.0%0.0%139.6%-22.3%-13.6%24.3K-1.9M-12.2K0.0963.24N/AN/A15914988169
2025-06-16$45.08$35.00124.7%35.7%0.0%0.0%119.9%-8.5%-10.3%30.5K-2.4M-13.0K0.0451.99N/AN/A19081,123176
2025-06-17$42.28$35.00127.9%36.7%0.0%0.0%131.8%21.9%-19.8%29.7K-1.9M-12.8K0.1862.61N/AN/A382671,208182
2025-06-18$40.25$35.00124.6%35.7%0.0%0.0%113.2%-21.9%-9.7%20.3K-3.1M-12.5K0.1853.82N/AN/A82151,478230
2025-06-20$41.58$35.00122.1%35.0%0.0%0.0%116.1%-9.5%-9.1%40.8K-2.3M-17.6K0.1659.23N/AN/A241401,572230
2025-06-23$36.96$35.00120.0%34.4%0.0%0.0%122.7%-32.9%-4.3%18.3K-2.0M-19.2K0.3864.64N/AN/A56211,493189
2025-06-24$38.29$35.00117.5%33.7%0.0%0.0%117.5%-15.3%-11.7%18.3K-1.7M-16.8K0.0746.48N/AN/A4531,549200
2025-06-25$37.52$35.00115.7%33.2%0.0%0.0%116.1%-29.4%0.2%17.8K-2.1M-19.4K0.2346.27N/AN/A1431,574203
2025-06-26$39.13$35.00115.5%33.1%127.0%0.0%121.7%-17.0%-8.5%20.5K-1.7M-17.4K0.0647.92N/AN/A12171,579206
2025-06-27$35.91$35.00105.4%30.2%129.0%0.0%113.2%-36.2%8.5%19.4K-1.6M-18.7K0.7656.77N/AN/A127961,706211
2025-06-30$35.49$35.00112.0%32.1%125.1%0.0%112.8%-32.3%-2.7%15.3K-1.5M-18.8K1.0258.72N/AN/A38391,778303