EB Options History — February 2025

In February 2025, EB traded between $2.47 and $3.48. ATM implied volatility averaged 77.0%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 22.5% (HV 20d: 54.5%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 10.30.

Notable Days

2025-02-28: Highest Volume — 418 contracts
2025-02-12: Largest IV drop — 35.5% change
2025-02-07: Highest IV Rank — 50.2%
2025-02-05: Largest Expected Move — 29.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.27	$2.47	$3.48	$3.13	$2.47
Max Pain	$3.03	$2.50	$5.00	$2.50	$2.50
ATM IV	77.0%	51.0%	115.0%	86.0%	73.5%
Expected Move	19.1%	14.6%	29.2%	24.6%	21.1%
HV 20d	54.5%	41.8%	84.7%	55.3%	84.7%
HV 60d	55.4%	52.7%	68.3%	55.5%	68.3%
IV Rank	27.2%	11.6%	50.2%	32.7%	25.1%
IV Percentile	58.4%	11.9%	91.3%	77.0%	60.7%
Term Structure	-12.0%	-37.5%	9.0%	0.2%	-10.8%
VWIV	73.3%	51.3%	104.4%	86.0%	73.6%
Bid-Ask Spread %	61.08	12.11	88.66	88.66	64.85
Gamma HHI	0.96	0.73	1.00	0.96	0.73
Net GEX	3.8K	1.4K	7.2K	5.1K	1.4K
Net DEX	-245.9K	-335.2K	-59.6K	-239.7K	-59.6K
Net VEX	-1.5K	-2.2K	-1.1K	-1.8K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.30	0.00	60.00	28.00	0.23
Total Volume	67.947	0	418	145	418
Total OI	4,480.842	4,305	4,615	4,305	4,503

Daily Data (19 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
2025-02-03	$3.13	$2.50	86.0%	24.6%	55.3%	32.7%	0.0%	0.0%	0.2%	5.1K	-239.7K	-1.8K	28.00	88.66	N/A	N/A	5	140	3,866	439
2025-02-04	$3.29	$2.50	95.2%	27.3%	56.0%	38.2%	86.0%	0.0%	-21.8%	3.5K	-236.6K	-1.4K	0.02	88.31	N/A	N/A	102	2	3,866	509
2025-02-05	$3.25	$2.50	101.9%	29.2%	55.4%	42.2%	104.4%	0.0%	-36.0%	3.0K	-230.6K	-1.4K	0.00	88.22	N/A	N/A	27	0	3,867	510
2025-02-06	$3.38	$5.00	107.5%	15.8%	56.2%	45.7%	0.0%	0.0%	-12.0%	3.3K	-255.3K	-1.4K	0.00	59.01	N/A	N/A	73	0	3,878	510
2025-02-07	$3.42	$5.00	115.0%	16.6%	56.4%	50.2%	0.0%	0.0%	-13.0%	4.0K	-274.4K	-1.5K	0.00	58.19	N/A	N/A	0	0	3,923	510
2025-02-10	$3.48	$5.00	105.4%	16.1%	53.9%	44.4%	0.0%	0.0%	-6.8%	5.3K	-294.6K	-1.6K	59.00	59.48	N/A	N/A	1	59	3,923	510
2025-02-11	$3.40	$5.00	92.2%	15.0%	54.7%	36.4%	51.3%	0.0%	-5.4%	7.2K	-335.2K	-2.2K	60.00	56.16	N/A	N/A	2	120	3,923	569
2025-02-12	$3.38	$2.50	59.5%	17.1%	54.2%	16.7%	0.0%	0.0%	8.5%	6.2K	-300.1K	-1.9K	0.00	57.58	N/A	N/A	1	0	3,925	689
2025-02-13	$3.46	$2.50	59.8%	17.2%	54.4%	16.9%	61.9%	0.0%	-16.2%	4.7K	-290.6K	-1.5K	0.00	58.13	N/A	N/A	3	0	3,925	689
2025-02-14	$3.37	$2.50	57.0%	16.3%	54.6%	15.2%	0.0%	0.0%	-8.3%	4.1K	-273.1K	-1.5K	0.00	59.08	N/A	N/A	0	0	3,926	689
2025-02-18	$3.31	$2.50	59.6%	17.1%	54.9%	16.8%	0.0%	0.0%	-17.8%	3.1K	-250.3K	-1.3K	0.00	61.08	N/A	N/A	0	0	3,926	689
2025-02-19	$3.35	$2.50	51.0%	14.6%	55.0%	11.6%	72.2%	0.0%	4.6%	3.4K	-252.7K	-1.3K	0.00	57.07	N/A	N/A	13	0	3,916	689
2025-02-20	$3.34	$2.50	59.4%	17.0%	54.1%	16.6%	0.0%	0.0%	-9.8%	3.6K	-250.8K	-1.4K	1.00	60.01	N/A	N/A	14	14	3,922	689
2025-02-21	$3.27	$2.50	65.7%	18.8%	54.1%	20.4%	0.0%	0.0%	-11.3%	3.1K	-240.1K	-1.4K	6.00	58.59	N/A	N/A	10	60	3,912	703
2025-02-24	$3.29	$2.50	62.2%	17.8%	52.5%	18.3%	0.0%	0.0%	-20.2%	2.3K	-236.5K	-1.3K	0.10	57.82	N/A	N/A	20	2	3,834	532
2025-02-25	$3.25	$2.50	66.7%	19.1%	43.7%	21.0%	0.0%	0.0%	-23.4%	2.7K	-233.3K	-1.4K	0.05	58.95	N/A	N/A	21	1	3,844	530
2025-02-26	$3.19	$2.50	79.2%	22.7%	43.3%	28.6%	0.0%	0.0%	-37.5%	2.4K	-218.5K	-1.3K	0.00	57.20	N/A	N/A	0	29	3,855	531
2025-02-27	$3.06	$2.50	65.9%	18.9%	41.8%	20.5%	64.0%	0.0%	9.0%	3.8K	-200.2K	-1.6K	0.08	12.11	N/A	N/A	143	11	3,855	560
2025-02-28	$2.47	$2.50	73.5%	21.1%	84.7%	25.1%	73.6%	0.0%	-10.8%	1.4K	-59.6K	-1.1K	0.23	64.85	N/A	N/A	341	77	3,933	570