EA Options History — May 2025

In May 2025, EA traded between $142.69 and $156.30. ATM implied volatility averaged 26.8%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 2.5% (HV 20d: 29.3%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.93.

Notable Days

2025-05-05: Highest Volume — 21,612 contracts
2025-05-07: Largest IV drop — 47.0% change
2025-05-06: Highest IV Rank — 82.2%
2025-05-02: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$149.67	$142.69	$156.30	$145.44	$143.69
Max Pain	$139.76	$135.00	$140.00	$140.00	$140.00
ATM IV	26.8%	20.3%	48.4%	45.4%	21.5%
Expected Move	7.1%	5.8%	13.3%	13.0%	6.1%
HV 20d	29.3%	25.5%	39.1%	37.1%	28.0%
HV 60d	27.9%	26.6%	29.1%	29.1%	28.6%
IV Rank	28.4%	12.1%	82.2%	74.8%	15.1%
IV Percentile	54.7%	34.1%	98.8%	98.8%	40.1%
Term Structure	-1.1%	-14.9%	3.0%	-13.2%	0.1%
VWIV	25.2%	19.8%	47.7%	45.9%	21.5%
Skew 25d	3.7%	-7.7%	11.1%	9.8%	3.1%
Skew 10d	8.5%	-4.6%	19.9%	19.9%	4.2%
Call IV 25d	22.8%	17.5%	42.6%	40.7%	20.7%
Put IV 25d	26.5%	12.7%	51.5%	50.6%	23.7%
Bid-Ask Spread %	51.24	25.23	73.06	57.51	73.06
Gamma HHI	0.21	0.14	0.46	0.15	0.15
Net GEX	19.3M	1.9M	52.3M	6.2M	1.9M
Net DEX	-293.3M	-511.3M	-64.3M	-162.2M	-108.5M
Net VEX	-1.8M	-2.3M	-1.5M	-2.3M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.05	3.84	3.84	1.16
Total Volume	7,651.571	1,136	21,612	1,608	7,632
Total OI	156,456.667	142,892	188,778	142,892	149,292

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-05-01	$145.44	$140.00	45.4%	13.0%	37.1%	74.8%	45.9%	9.8%	-13.2%	6.2M	-162.2M	-2.3M	3.84	57.51	N/A	N/A	332	1,276	60,340	82,552
2025-05-02	$150.65	$140.00	46.2%	13.3%	39.1%	76.9%	47.7%	8.9%	-14.9%	11.5M	-305.9M	-2.2M	2.18	56.07	N/A	N/A	1,620	3,531	60,912	83,109
2025-05-05	$154.95	$135.00	45.6%	8.5%	32.4%	75.3%	28.1%	6.3%	-0.1%	15.7M	-436.2M	-2.0M	0.19	54.16	N/A	N/A	18,130	3,482	61,166	84,806
2025-05-06	$154.51	$140.00	48.4%	8.9%	31.2%	82.2%	34.1%	7.3%	-1.3%	16.0M	-415.1M	-2.2M	0.92	38.23	N/A	N/A	6,573	6,063	67,342	86,083
2025-05-07	$156.30	$140.00	25.6%	6.9%	29.6%	25.4%	23.9%	5.0%	2.9%	29.2M	-511.3M	-1.8M	1.07	66.87	N/A	N/A	2,811	3,013	70,606	90,025
2025-05-08	$156.18	$140.00	25.6%	6.6%	27.6%	25.2%	21.0%	-3.8%	0.6%	30.4M	-505.3M	-1.8M	0.05	25.23	N/A	N/A	16,029	866	70,374	90,392
2025-05-09	$153.49	$140.00	24.3%	6.4%	28.5%	22.1%	23.2%	10.9%	1.7%	23.8M	-410.8M	-1.9M	0.70	62.57	N/A	N/A	6,347	4,452	69,138	90,673
2025-05-12	$148.51	$140.00	22.8%	6.4%	30.3%	18.3%	21.4%	9.3%	-0.8%	23.3M	-264.2M	-1.7M	0.27	48.14	N/A	N/A	9,395	2,583	75,111	91,730
2025-05-13	$149.17	$140.00	22.3%	6.2%	29.3%	17.1%	21.8%	11.1%	-1.0%	27.6M	-274.0M	-1.9M	0.57	49.89	N/A	N/A	722	414	84,128	93,096
2025-05-14	$146.72	$140.00	22.7%	6.3%	30.0%	18.0%	22.8%	4.2%	-0.0%	19.1M	-160.5M	-1.9M	0.15	58.69	N/A	N/A	6,607	1,023	84,328	93,321
2025-05-15	$149.42	$140.00	21.7%	6.2%	29.7%	15.6%	21.5%	-3.9%	-0.8%	33.2M	-335.1M	-1.9M	0.16	64.82	N/A	N/A	6,641	1,083	89,952	93,164
2025-05-16	$151.20	$140.00	21.1%	6.0%	29.1%	14.1%	24.2%	2.6%	-0.2%	52.3M	-504.2M	-1.9M	1.32	47.47	N/A	N/A	2,656	3,513	94,966	93,812
2025-05-19	$150.13	$140.00	20.6%	5.9%	27.3%	12.9%	19.8%	3.0%	0.4%	18.6M	-284.0M	-1.8M	0.40	30.93	N/A	N/A	8,961	3,581	70,894	73,562
2025-05-20	$151.66	$140.00	20.3%	5.8%	26.1%	12.1%	21.3%	2.7%	0.3%	21.6M	-331.1M	-1.8M	0.64	53.38	N/A	N/A	1,351	871	70,601	74,216
2025-05-21	$150.68	$140.00	21.3%	6.1%	25.5%	14.6%	22.2%	2.8%	0.2%	20.3M	-317.9M	-1.8M	0.46	60.01	N/A	N/A	2,350	1,084	71,211	74,594
2025-05-22	$147.11	$140.00	21.3%	6.0%	26.6%	14.7%	20.6%	3.4%	3.0%	11.8M	-198.4M	-1.8M	0.25	54.84	N/A	N/A	2,788	697	72,111	75,002
2025-05-23	$146.87	$140.00	21.0%	6.0%	26.5%	13.8%	22.0%	3.2%	0.0%	12.4M	-196.3M	-1.7M	2.22	33.90	N/A	N/A	971	2,155	72,995	75,139
2025-05-27	$147.12	$140.00	21.3%	6.0%	26.5%	14.7%	21.0%	-4.8%	0.1%	14.6M	-208.3M	-1.6M	0.67	38.58	N/A	N/A	918	617	72,190	75,119
2025-05-28	$146.63	$140.00	21.5%	6.0%	26.5%	15.0%	24.0%	-7.7%	0.0%	10.3M	-165.3M	-1.7M	1.32	47.65	N/A	N/A	1,304	1,725	71,609	76,343
2025-05-29	$142.69	$140.00	22.5%	6.5%	28.0%	17.6%	21.9%	3.4%	-0.3%	4.8M	-64.3M	-1.6M	1.02	54.14	N/A	N/A	7,171	7,345	72,692	76,894
2025-05-30	$143.69	$140.00	21.5%	6.1%	28.0%	15.1%	21.5%	3.1%	0.1%	1.9M	-108.5M	-1.5M	1.16	73.06	N/A	N/A	3,528	4,104	72,039	77,253