EA Options History — September 2025

In September 2025, EA traded between $166.66 and $202.13. ATM implied volatility averaged 24.0%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 0.8% (HV 20d: 24.9%). Max pain ranged from $160.00 to $170.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-09-29: Highest Volume — 72,448 contracts
  • 2025-09-29: Largest IV drop — 67.6% change
  • 2025-09-25: Highest IV Rank — 37.2%
  • 2025-09-26: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$174.71$166.66$202.13$171.25$201.48
Max Pain$164.76$160.00$170.00$160.00$170.00
ATM IV24.0%6.3%30.4%21.2%6.3%
Expected Move7.2%2.2%9.1%6.4%2.4%
HV 20d24.9%14.1%54.0%27.5%54.0%
HV 60d28.4%26.0%39.5%26.7%39.4%
IV Rank23.3%0.0%37.2%14.3%0.0%
IV Percentile53.4%0.0%82.5%25.8%0.0%
Term Structure1.3%-2.4%4.6%1.7%1.0%
VWIV25.0%7.2%30.3%22.0%8.3%
Skew 25d2.1%-0.5%12.3%12.3%-0.1%
Skew 10d3.6%-7.9%17.9%5.7%-0.4%
Call IV 25d23.1%6.9%29.3%11.6%6.9%
Put IV 25d25.2%6.8%30.6%23.9%6.8%
Bid-Ask Spread %50.2013.5384.5013.5358.98
Gamma HHI0.180.110.550.150.46
Net GEX15.3M7.9M39.0M11.8M39.0M
Net DEX-372.7M-888.9M-192.1M-301.2M-874.4M
Net VEX-1.3M-1.5M-279.0K-1.4M-963.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.111.400.161.05
Total Volume9,333.0481,11472,4482,10831,301
Total OI79,616.85767,905127,34771,713127,347

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$171.25$160.0021.2%6.4%27.5%14.3%22.0%12.3%1.7%11.8M-301.2M-1.4M0.1613.53N/AN/A1,82528337,91233,801
2025-09-03$168.01$160.0022.2%6.3%28.4%16.8%22.1%1.6%1.6%11.5M-241.2M-1.4M0.1957.41N/AN/A2,45347038,64333,972
2025-09-04$167.57$165.0021.9%6.9%28.4%15.9%24.2%1.7%1.1%11.8M-246.6M-1.4M0.1358.52N/AN/A7,4791,00340,57634,149
2025-09-05$168.54$165.0022.0%6.9%28.5%16.2%25.2%1.5%1.5%14.4M-287.2M-1.5M1.4061.81N/AN/A7471,04844,00234,561
2025-09-08$167.28$165.0023.3%7.3%27.4%19.7%25.1%1.2%1.6%12.7M-254.1M-1.5M0.8839.08N/AN/A68660442,73335,063
2025-09-09$166.66$165.0023.8%7.2%18.8%20.8%24.5%1.5%1.2%12.6M-240.3M-1.5M0.6149.09N/AN/A69342143,13035,326
2025-09-10$170.10$165.0023.7%7.2%20.1%20.7%24.7%-0.5%1.3%15.6M-315.9M-1.4M0.3838.24N/AN/A90734143,51635,397
2025-09-11$169.98$165.0024.1%7.1%19.5%21.5%24.9%1.8%0.7%17.1M-315.4M-1.4M0.1137.55N/AN/A4,04843743,71835,431
2025-09-12$172.31$165.0024.8%7.4%20.4%23.2%25.2%1.5%1.4%15.8M-375.8M-1.4M0.1434.58N/AN/A2,23632144,95535,652
2025-09-15$172.44$165.0027.0%7.8%17.4%28.9%27.7%2.0%-0.3%14.8M-357.2M-1.4M0.4361.79N/AN/A1,07946944,00135,469
2025-09-16$172.90$165.0028.3%8.1%14.1%32.0%28.4%1.3%-0.9%15.8M-368.1M-1.4M0.2771.21N/AN/A2,50868144,40835,719
2025-09-17$174.23$165.0028.2%8.1%14.2%31.8%29.0%2.0%-0.2%16.0M-395.3M-1.4M0.5368.33N/AN/A1,77794444,67336,026
2025-09-18$173.17$165.0028.3%8.2%14.2%32.2%28.8%1.3%-0.8%17.0M-372.5M-1.4M0.1853.12N/AN/A5,02588245,43836,823
2025-09-19$173.19$165.0028.2%8.1%14.2%31.8%29.5%1.2%-0.6%16.4M-379.5M-1.5M0.7751.30N/AN/A2,5251,94047,74937,224
2025-09-22$173.11$165.0028.9%8.4%14.2%33.6%29.5%1.8%3.8%9.5M-274.1M-1.4M0.1639.11N/AN/A1,66426938,50329,402
2025-09-23$174.77$165.0028.7%8.3%14.2%33.0%29.5%4.0%4.6%11.2M-303.1M-1.4M0.2953.45N/AN/A2,61575538,48029,545
2025-09-24$167.93$165.0029.1%8.7%20.2%34.0%30.0%1.2%4.6%8.1M-192.1M-1.5M0.8352.81N/AN/A3,3462,78341,42429,888
2025-09-25$168.69$165.0030.4%8.8%20.3%37.2%30.3%1.6%4.3%7.9M-205.5M-1.5M0.2335.31N/AN/A1,70940042,66432,042
2025-09-26$193.18$165.0025.9%9.1%52.2%26.0%29.3%3.4%2.0%13.0M-638.4M-993.1K0.3684.50N/AN/A25,7319,14143,10332,118
2025-09-29$202.13$165.008.4%2.2%54.0%0.0%7.2%1.0%-2.4%29.2M-888.9M-279.0K0.6234.53N/AN/A44,82327,62550,70236,669
2025-09-30$201.48$170.006.3%2.4%54.0%0.0%8.3%-0.1%1.0%39.0M-874.4M-963.3K1.0558.98N/AN/A15,26216,03973,65553,692