BULL Options History — November 2025

In November 2025, BULL traded between $8.13 and $10.34. ATM implied volatility averaged 82.5%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 23.8%. IV traded above realized volatility by 33.1% (HV 20d: 49.4%). Max pain ranged from $10.00 to $13.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.21.

Notable Days

  • 2025-11-21: Highest Volume — 268,509 contracts
  • 2025-11-21: Largest IV drop — 11.9% change
  • 2025-11-20: Highest IV Rank — 39.2%
  • 2025-11-20: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.13$8.13$10.34$10.34$9.25
Max Pain$10.42$10.00$13.00$13.00$10.00
ATM IV82.5%66.7%94.1%80.9%66.7%
Expected Move23.8%19.4%26.9%24.1%19.4%
HV 20d49.4%40.1%61.2%48.5%61.1%
HV 60d51.6%50.4%53.9%50.9%53.6%
IV Rank23.1%3.5%39.2%27.3%3.5%
IV Percentile23.4%0.7%52.7%30.2%0.7%
Term Structure-1.3%-8.1%7.5%-6.5%-4.1%
VWIV94.0%72.5%116.0%94.4%72.5%
Skew 25d-13.4%-22.9%-4.5%-22.3%-6.4%
Skew 10d-22.2%-63.4%40.9%40.9%-13.9%
Call IV 25d93.1%72.9%119.4%96.5%72.9%
Put IV 25d79.7%66.5%96.8%74.2%66.5%
Bid-Ask Spread %22.549.8738.6619.3410.64
Gamma HHI0.170.130.250.250.15
Net GEX3.5M2.2M6.7M3.6M4.8M
Net DEX-53.3M-190.4M46.8M-116.6M-172.6M
Net VEX-2.0M-2.4M-1.6M-2.4M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.090.430.190.21
Total Volume144,945.05364,608268,509149,85172,208
Total OI1,562,335.5261,261,3321,784,9621,565,7201,355,040

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$10.34$13.0080.9%24.1%48.5%0.0%94.4%-22.3%-6.5%3.6M-116.6M-2.4M0.1919.34N/AN/A126,26123,5901,196,194369,526
2025-11-04$9.77$12.5082.7%25.0%47.4%0.0%100.7%-21.7%-2.5%3.1M-48.4M-2.2M0.1424.54N/AN/A212,75830,4391,223,128377,002
2025-11-05$9.91$12.5087.6%25.7%48.0%0.0%99.3%-11.5%-6.7%3.2M-59.6M-2.2M0.0915.31N/AN/A145,32113,3181,216,479382,996
2025-11-06$9.68$10.0084.0%24.7%48.0%0.0%99.3%-9.8%7.5%4.0M-64.3M-2.2M0.2330.18N/AN/A123,44527,9501,248,337383,611
2025-11-07$9.57$10.0083.3%24.5%40.1%0.0%92.7%-12.1%0.6%2.7M-42.0M-2.2M0.2833.44N/AN/A100,74027,7791,270,008395,463
2025-11-10$9.77$10.0083.6%24.3%41.1%0.0%94.4%-13.9%1.9%3.3M-70.2M-2.2M0.1521.80N/AN/A96,21714,4701,186,081366,651
2025-11-11$9.59$10.0083.1%23.5%41.0%0.0%92.0%-12.3%-1.2%3.4M-51.2M-2.1M0.2034.83N/AN/A53,90610,7021,220,993371,264
2025-11-12$9.82$10.0083.4%23.5%42.5%0.0%93.0%-11.6%-2.4%3.7M-65.0M-2.1M0.1529.04N/AN/A59,0608,9881,230,321373,574
2025-11-13$9.11$10.0084.9%24.4%48.7%27.3%96.3%-8.5%-1.7%2.7M-12.0M-1.9M0.4329.30N/AN/A95,02641,0571,247,035375,367
2025-11-14$8.63$10.0082.9%22.3%50.1%24.6%95.8%-12.9%-8.1%2.3M34.9M-1.8M0.2918.72N/AN/A95,73127,7041,256,909382,581
2025-11-17$8.13$10.0084.2%23.8%49.6%26.3%96.5%-17.0%-0.7%2.2M46.8M-1.6M0.2010.25N/AN/A150,23329,4101,215,972366,235
2025-11-18$8.43$10.0086.9%24.7%52.8%29.8%100.2%-22.4%0.1%2.9M12.0M-1.8M0.1417.27N/AN/A112,20015,9931,252,744372,577
2025-11-19$8.21$10.0093.7%26.9%52.7%38.7%106.6%-22.9%-5.9%3.1M6.4M-1.7M0.4018.22N/AN/A80,94832,5021,298,854374,974
2025-11-20$8.27$10.0094.1%26.9%50.7%39.2%116.0%-22.5%0.5%3.4M-6.5M-1.8M0.1426.76N/AN/A193,75627,9771,321,140383,819
2025-11-21$8.25$10.0082.9%23.8%48.1%24.7%95.2%-11.6%0.1%3.4M16.7M-1.7M0.2823.89N/AN/A209,81158,6981,400,616384,346
2025-11-24$8.70$10.0076.3%22.1%53.6%16.0%84.3%-5.1%5.3%4.3M-119.0M-1.8M0.1216.22N/AN/A137,39316,6611,031,264230,068
2025-11-25$8.66$10.0075.0%21.1%53.2%14.4%78.1%-4.5%-2.0%4.4M-112.6M-1.8M0.159.87N/AN/A69,06910,2321,068,994233,563
2025-11-26$9.32$10.0071.7%20.9%61.2%10.0%78.5%-5.2%0.7%6.7M-190.4M-1.9M0.2438.66N/AN/A162,70639,6971,087,452233,197
2025-11-28$9.25$10.0066.7%19.4%61.1%3.5%72.5%-6.4%-4.1%4.8M-172.6M-1.9M0.2110.64N/AN/A59,42912,7791,109,657245,383