BULL Options History — May 2025

In May 2025, BULL traded between $11.72 and $13.47. ATM implied volatility averaged 104.5%. The 30-day expected move averaged 30.0%. Max pain ranged from $10.00 to $13.00. Net GEX was positive for 9 of 11 trading days. Term structure was in contango for 4 of 11 days. Put/call ratio averaged 0.36.

Notable Days

  • 2025-05-28: Highest Volume — 155,101 contracts
  • 2025-05-23: Largest IV drop — 24.3% change
  • 2025-05-22: Largest Expected Move — 38.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.54$11.72$13.47$12.42$11.72
Max Pain$12.14$10.00$13.00$12.50$13.00
ATM IV104.5%86.6%132.0%109.0%86.6%
Expected Move30.0%25.5%38.1%30.9%25.5%
Term Structure-3.5%-9.7%2.5%-7.3%1.4%
VWIV109.8%92.9%137.3%105.1%104.3%
Skew 25d-39.1%-50.7%-27.3%-33.3%-41.1%
Skew 10d-79.9%-125.4%-27.1%-27.1%-99.9%
Call IV 25d130.8%114.5%166.1%130.4%114.5%
Put IV 25d91.7%73.4%115.8%97.1%73.4%
Bid-Ask Spread %32.7925.4640.8940.5727.99
Gamma HHI0.150.100.220.220.13
Net GEX1.1M-1.2M2.4M-1.2M890.0K
Net DEX-43.1M-126.9M61.7M58.7M10.7M
Net VEX-386.6K-448.4K-281.5K-281.5K-420.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.130.570.570.48
Total Volume106,843.72746,547155,10190,95872,310
Total OI360,030.818267,396422,218375,896410,035

Daily Data (11 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-15$12.42$12.50109.0%30.9%0.0%0.0%105.1%-33.3%-7.3%-1.2M58.7M-281.5K0.5740.57N/AN/A57,92133,037223,732152,164
2025-05-16$12.43$12.50103.3%28.3%0.0%0.0%92.9%-44.0%-5.0%-345.4K61.7M-311.7K0.4531.04N/AN/A66,71530,259241,030162,537
2025-05-19$11.76$12.50103.2%29.4%0.0%0.0%105.2%-39.1%-8.7%988.7K-23.1M-310.0K0.2835.64N/AN/A36,35110,196194,11373,283
2025-05-20$12.24$12.50105.8%30.0%0.0%0.0%107.4%-50.7%-6.8%1.3M-48.1M-357.5K0.1340.89N/AN/A93,13311,814210,95377,942
2025-05-21$12.72$12.50118.8%34.1%0.0%0.0%126.2%-40.0%-8.6%2.0M-85.6M-417.3K0.3536.35N/AN/A96,67133,707250,46482,476
2025-05-22$13.47$10.00132.0%38.1%0.0%0.0%137.3%-50.2%-9.7%2.4M-126.9M-443.9K0.3225.46N/AN/A104,43333,192270,73399,046
2025-05-23$12.46$11.0099.9%28.8%0.0%0.0%103.7%-31.1%1.8%1.9M-56.3M-396.6K0.4232.32N/AN/A106,31344,654301,473120,745
2025-05-27$13.02$12.0094.9%28.4%0.0%0.0%109.2%-27.3%0.0%1.7M-101.0M-417.6K0.3031.68N/AN/A71,74821,810243,00786,509
2025-05-28$13.25$12.50101.6%29.4%0.0%0.0%114.5%-37.0%2.5%2.1M-120.0M-448.4K0.3629.79N/AN/A113,79041,311266,25699,997
2025-05-29$12.49$12.5094.7%27.1%0.0%0.0%102.4%-35.7%1.5%354.7K-44.7M-447.7K0.2928.92N/AN/A74,23021,686267,025126,819
2025-05-30$11.72$13.0086.6%25.5%0.0%0.0%104.3%-41.1%1.4%890.0K10.7M-420.9K0.4827.99N/AN/A48,93123,379277,462132,573