C Options History — April 2025

In April 2025, C traded between $57.75 and $71.73. ATM implied volatility averaged 43.2%, placing in the 54.1% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 24.9% (HV 20d: 68.1%). Max pain ranged from $69.00 to $72.50. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.86.

Notable Days

2025-04-04: Highest Volume — 242,178 contracts
2025-04-10: Largest IV spike — 33.9% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 18.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$64.58	$57.75	$71.73	$70.59	$67.97
Max Pain	$71.05	$69.00	$72.50	$72.50	$69.00
ATM IV	43.2%	30.8%	69.9%	36.0%	32.0%
Expected Move	12.1%	9.2%	18.9%	10.0%	9.4%
HV 20d	68.1%	32.6%	78.0%	32.6%	77.3%
HV 60d	47.2%	32.7%	51.2%	32.7%	51.0%
IV Rank	54.1%	21.6%	100.0%	72.9%	24.0%
IV Percentile	93.9%	77.8%	100.0%	96.4%	80.6%
Term Structure	-1.3%	-6.4%	0.3%	-0.2%	0.3%
VWIV	42.6%	31.1%	61.3%	35.0%	34.2%
Skew 25d	10.4%	5.5%	20.2%	5.5%	6.3%
Skew 10d	19.8%	10.8%	39.2%	10.8%	12.5%
Call IV 25d	38.5%	28.2%	59.5%	33.0%	29.2%
Put IV 25d	48.9%	34.1%	79.7%	38.5%	35.5%
Bid-Ask Spread %	3.48	1.79	14.36	1.79	2.05
Gamma HHI	0.07	0.06	0.08	0.06	0.07
Net GEX	-1.6M	-23.3M	27.4M	6.4M	5.9M
Net DEX	484.0M	-757.3M	1.76B	-421.1M	-266.1M
Net VEX	-22.1M	-23.1M	-19.9M	-22.8M	-22.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.43	1.37	0.81	1.20
Total Volume	123,213.524	45,957	242,178	63,480	45,957
Total OI	1,860,102.19	1,719,573	2,010,224	1,719,573	1,901,539

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 Vol	Put Vol	Call OI	Put OI
2025-04-01	$70.59	$72.50	36.0%	10.0%	32.6%	72.9%	35.0%	5.5%	-0.2%	6.4M	-421.1M	-22.8M	0.81	1.79	35,035	28,445	833,936	885,637
2025-04-02	$71.73	$72.50	35.2%	9.6%	33.2%	69.2%	31.1%	5.5%	-0.6%	16.4M	-757.3M	-23.1M	0.96	1.94	28,185	27,117	849,305	892,592
2025-04-03	$63.03	$72.50	45.4%	12.4%	55.1%	100.0%	41.8%	7.4%	-0.9%	-23.3M	1.25B	-21.1M	0.71	2.52	117,359	82,810	857,366	892,226
2025-04-04	$58.94	$72.50	59.2%	15.4%	59.1%	100.0%	56.3%	15.8%	-1.9%	-21.6M	1.76B	-19.9M	0.98	3.54	122,246	119,932	898,920	899,796
2025-04-07	$58.26	$72.50	65.1%	16.6%	57.3%	100.0%	57.5%	19.0%	-6.4%	-18.6M	1.70B	-20.2M	1.37	4.37	57,939	79,530	893,215	910,913
2025-04-08	$57.75	$72.50	69.9%	18.9%	57.0%	100.0%	59.1%	20.2%	-3.5%	-18.1M	1.67B	-20.4M	1.24	4.00	66,252	82,243	910,128	927,081
2025-04-09	$64.51	$72.50	46.2%	12.8%	70.9%	52.5%	57.5%	11.3%	-1.7%	-5.0M	552.8M	-22.8M	0.85	14.36	122,365	103,772	927,761	929,910
2025-04-10	$60.55	$72.50	61.9%	17.3%	74.0%	84.0%	61.3%	20.2%	-1.7%	-9.9M	1.21B	-22.0M	0.77	6.31	60,691	46,585	965,581	944,411
2025-04-11	$62.01	$72.50	51.0%	14.0%	74.2%	62.1%	52.8%	16.7%	-3.2%	-12.1M	1.03B	-21.9M	1.11	4.13	49,727	54,997	980,420	953,538
2025-04-14	$63.76	$72.50	40.9%	11.5%	74.3%	41.8%	42.5%	10.8%	0.2%	-7.7M	719.2M	-22.0M	0.85	2.93	97,427	82,426	942,390	939,745
2025-04-15	$64.56	$70.00	37.1%	10.6%	74.5%	34.2%	34.0%	9.2%	-0.5%	-2.2M	578.8M	-22.1M	0.63	3.60	115,530	72,987	971,536	973,753
2025-04-16	$61.70	$70.00	41.0%	11.8%	75.3%	42.0%	41.2%	9.9%	-0.3%	-19.2M	1.23B	-21.3M	0.65	2.64	90,044	58,193	997,085	988,287
2025-04-17	$63.34	$70.00	38.6%	11.1%	76.2%	37.1%	36.2%	9.1%	-0.9%	-10.1M	755.0M	-22.0M	0.58	1.93	60,106	35,138	1,020,463	989,761
2025-04-21	$62.53	$70.00	41.6%	12.2%	76.2%	43.2%	40.8%	9.2%	-1.3%	-11.3M	830.2M	-21.6M	0.43	1.92	68,163	29,145	887,773	920,650
2025-04-22	$64.69	$70.00	38.3%	11.1%	76.4%	36.5%	39.9%	8.6%	-1.1%	1.2M	387.2M	-22.5M	0.92	2.47	42,853	39,395	895,076	935,509
2025-04-23	$66.41	$70.00	37.6%	11.1%	77.2%	35.1%	36.4%	7.6%	-1.2%	15.6M	-77.4M	-23.0M	0.49	3.99	98,643	48,009	903,975	944,174
2025-04-24	$68.22	$70.00	33.8%	9.9%	78.0%	27.5%	34.8%	6.9%	-1.0%	26.5M	-529.2M	-23.0M	0.81	1.98	45,167	36,391	917,001	956,773
2025-04-25	$68.34	$70.00	33.4%	9.9%	77.9%	26.7%	35.4%	6.6%	-0.9%	27.4M	-560.8M	-23.1M	1.32	2.20	51,021	67,556	929,617	972,990
2025-04-28	$68.42	$69.00	32.6%	9.7%	77.3%	25.0%	34.4%	5.8%	0.2%	11.3M	-412.1M	-22.8M	0.80	2.13	32,849	26,212	887,846	959,386
2025-04-29	$68.80	$69.00	30.8%	9.2%	77.2%	21.6%	32.4%	5.9%	0.2%	15.9M	-492.6M	-22.9M	0.49	2.30	39,523	19,519	900,062	974,019
2025-04-30	$67.97	$69.00	32.0%	9.4%	77.3%	24.0%	34.2%	6.3%	0.3%	5.9M	-266.1M	-22.8M	1.20	2.05	20,874	25,083	918,594	982,945