EB Options History — January 2025

In January 2025, EB traded between $3.19 and $3.69. ATM implied volatility averaged 92.5%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded above realized volatility by 39.3% (HV 20d: 53.2%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.52.

Notable Days

2025-01-31: Highest Volume — 637 contracts
2025-01-15: Largest IV drop — 55.1% change
2025-01-14: Highest IV Rank — 85.5%
2025-01-28: Largest Expected Move — 27.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.46	$3.19	$3.69	$3.53	$3.19
Max Pain	$3.75	$2.50	$5.00	$5.00	$2.50
ATM IV	92.5%	66.3%	173.6%	75.3%	81.1%
Expected Move	21.4%	15.2%	27.7%	21.6%	23.3%
HV 20d	53.2%	45.9%	62.4%	60.2%	58.0%
HV 60d	53.6%	51.8%	55.6%	53.8%	55.5%
IV Rank	36.6%	20.8%	85.5%	26.2%	29.7%
IV Percentile	79.4%	52.0%	98.8%	71.8%	75.0%
Term Structure	-9.4%	-59.5%	20.1%	-27.5%	-15.0%
VWIV	81.6%	53.4%	102.6%	78.5%	75.1%
Bid-Ask Spread %	55.26	7.34	87.67	7.34	86.71
Gamma HHI	0.95	0.92	0.98	0.94	0.97
Net GEX	6.8K	4.5K	9.0K	7.1K	5.2K
Net DEX	-319.3K	-431.3K	-246.2K	-246.2K	-248.9K
Net VEX	-2.0K	-2.6K	-1.4K	-2.2K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.00	3.33	0.00	0.96
Total Volume	85.55	0	637	12	637
Total OI	5,900.25	4,015	7,484	7,484	4,341

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	$3.53	$5.00	75.3%	21.6%	60.2%	26.2%	78.5%	0.0%	-27.5%	7.1K	-246.2K	-2.2K	0.00	7.34	N/A	N/A	12	0	5,332	2,152
2025-01-03	$3.69	$5.00	91.8%	26.3%	62.4%	36.2%	102.6%	0.0%	-49.2%	8.3K	-387.1K	-2.3K	0.00	9.11	N/A	N/A	38	0	5,337	1,891
2025-01-06	$3.59	$5.00	99.1%	17.7%	58.9%	40.6%	0.0%	0.0%	1.8%	7.6K	-368.0K	-2.3K	0.00	59.23	N/A	N/A	11	0	5,345	1,891
2025-01-07	$3.46	$5.00	93.3%	16.6%	60.2%	37.1%	0.0%	0.0%	5.2%	6.7K	-294.8K	-2.0K	0.00	12.63	N/A	N/A	8	0	5,355	1,891
2025-01-08	$3.46	$5.00	98.4%	16.8%	52.5%	40.2%	0.0%	0.0%	7.9%	6.8K	-319.1K	-2.1K	0.25	59.34	N/A	N/A	8	2	5,360	1,891
2025-01-10	$3.30	$5.00	103.8%	16.0%	53.3%	43.4%	0.0%	0.0%	5.5%	6.1K	-281.0K	-2.0K	0.04	59.69	N/A	N/A	84	3	5,368	1,889
2025-01-13	$3.31	$5.00	135.3%	15.2%	52.9%	62.4%	0.0%	0.0%	8.4%	5.8K	-255.4K	-1.9K	2.00	61.71	N/A	N/A	10	20	5,450	1,886
2025-01-14	$3.38	$5.00	173.6%	16.8%	51.8%	85.5%	0.0%	0.0%	6.0%	6.3K	-295.0K	-2.0K	0.13	13.71	N/A	N/A	15	2	5,460	1,869
2025-01-15	$3.45	$5.00	77.9%	22.3%	51.4%	27.8%	53.4%	0.0%	0.9%	7.1K	-329.5K	-2.2K	0.05	60.54	N/A	N/A	20	1	5,453	1,871
2025-01-16	$3.52	$5.00	74.5%	21.3%	50.4%	25.7%	82.5%	0.0%	-2.4%	7.5K	-361.1K	-2.3K	3.33	59.24	N/A	N/A	3	10	5,453	1,845
2025-01-17	$3.49	$2.50	77.6%	22.2%	50.3%	27.6%	0.0%	0.0%	-11.2%	5.4K	-279.3K	-1.4K	0.58	60.11	N/A	N/A	26	15	5,460	1,821
2025-01-21	$3.52	$2.50	95.6%	27.4%	45.9%	38.5%	0.0%	0.0%	-59.5%	7.6K	-348.4K	-2.1K	0.00	55.98	N/A	N/A	91	0	3,555	460
2025-01-22	$3.42	$2.50	78.3%	22.5%	47.1%	28.1%	0.0%	0.0%	20.1%	6.3K	-291.8K	-1.8K	0.00	59.71	N/A	N/A	6	0	3,583	460
2025-01-23	$3.48	$2.50	80.6%	23.1%	46.2%	29.4%	0.0%	0.0%	-20.1%	7.2K	-336.7K	-2.0K	0.04	86.97	N/A	N/A	52	2	3,582	460
2025-01-24	$3.35	$2.50	80.7%	23.1%	48.2%	29.5%	0.0%	0.0%	-13.9%	6.2K	-282.4K	-1.9K	0.03	60.39	N/A	N/A	482	15	3,582	462
2025-01-27	$3.62	$2.50	81.2%	23.3%	53.2%	29.8%	96.6%	0.0%	-21.9%	8.8K	-431.3K	-2.6K	1.50	86.77	N/A	N/A	2	3	3,811	467
2025-01-28	$3.67	$2.50	96.7%	27.7%	53.4%	39.1%	82.3%	0.0%	-19.1%	9.0K	-431.3K	-2.4K	0.97	58.31	N/A	N/A	64	62	3,816	470
2025-01-29	$3.48	$2.50	66.3%	19.0%	53.5%	20.8%	0.0%	0.0%	-11.7%	4.5K	-288.9K	-1.5K	0.00	60.10	N/A	N/A	0	0	3,879	465
2025-01-30	$3.37	$2.50	89.5%	25.7%	54.8%	34.8%	75.1%	0.0%	8.6%	6.5K	-309.9K	-2.0K	0.00	87.67	N/A	N/A	7	0	3,879	463
2025-01-31	$3.19	$2.50	81.1%	23.3%	58.0%	29.7%	0.0%	0.0%	-15.0%	5.2K	-248.9K	-1.8K	0.96	86.71	N/A	N/A	325	312	3,878	463