EA Options History — January 2025

In January 2025, EA traded between $116.30 and $146.24. ATM implied volatility averaged 29.5%, placing in the 75.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 4.2% (HV 20d: 33.6%). Max pain ranged from $120.00 to $155.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.74.

Notable Days

2025-01-23: Highest Volume — 101,258 contracts
2025-01-23: Largest IV spike — 25.6% change
2025-01-23: Highest IV Rank — 100.0%
2025-01-23: Largest Expected Move — 10.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$134.38	$116.30	$146.24	$145.70	$123.03
Max Pain	$143.65	$120.00	$155.00	$140.00	$120.00
ATM IV	29.5%	21.9%	35.9%	22.0%	32.1%
Expected Move	8.3%	5.5%	10.4%	6.0%	10.1%
HV 20d	33.6%	10.7%	68.3%	18.0%	68.3%
HV 60d	26.3%	17.8%	42.4%	18.2%	42.4%
IV Rank	75.7%	37.4%	100.0%	37.8%	81.5%
IV Percentile	89.4%	59.9%	100.0%	60.3%	98.4%
Term Structure	-1.2%	-4.0%	7.3%	6.5%	-4.0%
VWIV	29.0%	19.3%	38.7%	20.8%	35.8%
Skew 25d	3.2%	2.0%	7.5%	2.2%	2.2%
Skew 10d	11.8%	3.9%	23.1%	4.9%	13.0%
Call IV 25d	28.1%	18.6%	34.6%	19.8%	31.6%
Put IV 25d	31.3%	21.2%	38.5%	21.9%	33.8%
Bid-Ask Spread %	56.92	30.20	81.07	52.37	67.74
Gamma HHI	0.11	0.08	0.16	0.08	0.13
Net GEX	907.8K	-5.0M	8.2M	1.3M	5.0M
Net DEX	57.1M	-66.3M	215.4M	7.0M	-66.3M
Net VEX	-1.1M	-1.4M	-699.5K	-1.1M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.09	2.05	1.11	0.09
Total Volume	13,997.9	958	101,258	4,305	54,091
Total OI	81,213.55	51,863	105,502	72,491	105,502

Daily Data (20 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$145.70	$140.00	22.0%	6.0%	18.0%	37.8%	20.8%	2.2%	6.5%	1.3M	7.0M	-1.1M	1.11	52.37	N/A	N/A	2,038	2,267	31,175	41,316
2025-01-03	$146.24	$143.00	21.9%	5.5%	18.3%	37.4%	19.3%	2.6%	7.3%	1.9M	447.7K	-1.1M	0.15	40.93	N/A	N/A	1,285	197	32,834	43,116
2025-01-06	$145.37	$155.00	26.0%	7.3%	18.3%	60.7%	25.1%	2.7%	-1.6%	1.0M	10.3M	-1.1M	0.66	59.09	N/A	N/A	675	443	31,306	42,904
2025-01-07	$144.57	$155.00	27.9%	7.5%	17.8%	71.7%	25.6%	3.1%	-1.7%	198.8K	22.1M	-1.1M	0.35	58.78	N/A	N/A	1,842	651	31,717	43,172
2025-01-08	$143.56	$155.00	28.8%	7.5%	17.8%	76.8%	25.9%	3.2%	-1.5%	-690.1K	35.9M	-1.1M	0.81	47.66	N/A	N/A	2,886	2,325	33,139	43,621
2025-01-10	$141.32	$155.00	29.5%	8.0%	17.9%	81.2%	27.0%	3.3%	-1.3%	-656.9K	65.1M	-1.1M	0.64	49.86	N/A	N/A	1,437	922	35,587	44,085
2025-01-13	$141.70	$155.00	30.3%	8.2%	18.2%	85.6%	28.2%	4.0%	-2.0%	-336.4K	57.4M	-1.1M	0.25	61.14	N/A	N/A	1,254	310	35,002	43,941
2025-01-14	$141.17	$155.00	30.4%	8.1%	18.1%	86.3%	28.2%	2.2%	-1.9%	-839.8K	62.9M	-1.0M	1.60	42.36	N/A	N/A	369	589	35,616	44,145
2025-01-15	$141.72	$155.00	29.3%	7.9%	15.2%	79.9%	26.8%	3.6%	-1.0%	-1.2M	60.7M	-1.0M	0.35	56.96	N/A	N/A	2,416	836	35,986	44,410
2025-01-16	$141.68	$155.00	30.4%	7.9%	15.3%	86.3%	27.6%	7.5%	-1.0%	-1.7M	56.4M	-1.0M	1.46	70.75	N/A	N/A	4,104	5,974	37,671	45,374
2025-01-17	$142.22	$155.00	29.3%	7.8%	15.3%	80.1%	26.5%	2.7%	-2.1%	4.3M	38.6M	-1.1M	0.70	47.47	N/A	N/A	1,020	716	38,034	46,554
2025-01-21	$142.99	$155.00	28.1%	8.0%	10.8%	72.9%	29.1%	3.6%	-0.8%	8.2M	26.3M	-1.0M	0.62	48.32	N/A	N/A	1,310	818	24,966	26,897
2025-01-22	$142.41	$155.00	28.5%	8.2%	10.7%	75.6%	28.0%	3.1%	-1.3%	6.2M	35.7M	-1.0M	1.10	30.20	N/A	N/A	998	1,095	25,630	27,607
2025-01-23	$118.45	$155.00	35.9%	10.4%	65.6%	100.0%	38.7%	3.9%	-2.2%	-2.9M	215.4M	-699.5K	2.05	61.32	N/A	N/A	33,235	68,023	25,858	28,432
2025-01-24	$116.42	$130.00	31.8%	9.2%	65.5%	80.2%	32.1%	2.5%	-1.4%	-5.0M	181.8M	-1.1M	1.10	69.90	N/A	N/A	19,519	21,512	45,649	55,966
2025-01-27	$117.61	$120.00	31.5%	9.5%	65.3%	78.7%	33.7%	3.3%	-3.3%	-650.2K	86.4M	-1.2M	0.38	63.36	N/A	N/A	13,255	5,047	46,626	47,300
2025-01-28	$116.30	$120.00	32.1%	9.7%	65.2%	81.6%	33.3%	2.4%	-3.9%	-3.4M	108.8M	-1.3M	0.26	52.51	N/A	N/A	7,865	2,062	48,884	48,685
2025-01-29	$116.94	$120.00	32.3%	9.8%	65.5%	82.6%	33.8%	3.3%	-4.0%	925.7K	84.7M	-1.3M	0.48	81.07	N/A	N/A	3,584	1,730	52,718	49,280
2025-01-30	$118.26	$120.00	31.4%	9.5%	65.9%	78.1%	33.7%	2.0%	-3.8%	6.6M	53.1M	-1.3M	0.61	76.54	N/A	N/A	6,999	4,259	53,555	50,011
2025-01-31	$123.03	$120.00	32.1%	10.1%	68.3%	81.5%	35.8%	2.2%	-4.0%	5.0M	-66.3M	-1.4M	0.09	67.74	N/A	N/A	49,508	4,583	54,245	51,257