EB Options History — May 2025

In May 2025, EB traded between $2.12 and $2.54. ATM implied volatility averaged 77.1%, placing in the 24.7% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 21.2% (HV 20d: 55.9%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2025-05-21: Highest Volume — 1,199 contracts
  • 2025-05-14: Largest IV drop — 37.5% change
  • 2025-05-05: Highest IV Rank — 52.9%
  • 2025-05-01: Largest Expected Move — 29.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.30$2.12$2.54$2.16$2.38
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV77.1%49.3%119.5%101.9%54.3%
Expected Move19.4%14.1%29.2%29.2%15.6%
HV 20d55.9%51.7%64.3%64.3%52.7%
HV 60d65.2%52.1%70.0%65.6%52.1%
IV Rank24.7%6.2%52.9%42.2%9.4%
IV Percentile54.6%6.7%90.1%84.5%18.3%
Term Structure-7.2%-43.4%8.2%-33.2%7.4%
VWIV63.0%48.4%72.1%71.6%54.7%
Bid-Ask Spread %75.4757.8992.5658.4891.93
Gamma HHI0.950.930.970.930.97
Net GEX28.2K15.6K44.7K15.6K43.8K
Net DEX-886.7K-1.4M-509.4K-549.1K-1.3M
Net VEX-4.4K-6.0K-3.1K-3.3K-5.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.0012.500.000.04
Total Volume402.1901,1990136
Total OI10,213.9527,96013,5807,96013,580

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$2.16$2.50101.9%29.2%64.3%42.2%0.0%0.0%-33.2%15.6K-549.1K-3.3K0.0058.48N/AN/A007,511449
2025-05-02$2.15$2.50100.8%28.9%62.6%41.6%0.0%0.0%-43.4%16.1K-549.1K-3.2K0.0061.05N/AN/A107,511449
2025-05-05$2.17$2.50119.5%19.3%59.3%52.9%0.0%0.0%8.2%15.7K-594.2K-3.2K0.1468.88N/AN/A4267,512449
2025-05-06$2.12$2.5084.6%22.1%59.9%31.9%0.0%0.0%-8.7%16.2K-509.4K-3.1K0.2470.23N/AN/A42107,514455
2025-05-07$2.20$2.5090.8%21.5%58.7%35.6%0.0%0.0%-0.6%16.5K-610.3K-3.3K12.5072.53N/AN/A81007,542465
2025-05-08$2.33$2.50113.7%20.7%51.7%47.8%71.6%0.0%-8.3%20.3K-698.6K-3.6K0.4960.94N/AN/A2041007,537565
2025-05-09$2.49$2.5072.3%17.0%55.3%22.1%59.3%0.0%-1.6%25.5K-898.2K-3.8K0.0984.99N/AN/A955857,707565
2025-05-12$2.54$2.5093.0%16.4%54.1%34.9%57.2%0.0%-4.9%31.1K-1.1M-4.1K0.0368.36N/AN/A935308,376583
2025-05-13$2.41$2.5093.3%16.8%54.3%35.1%58.5%0.0%1.4%27.7K-956.0K-4.2K0.0168.22N/AN/A55758,812613
2025-05-14$2.35$2.5058.4%16.7%54.9%12.0%0.0%0.0%-1.6%29.7K-900.7K-4.4K0.4081.61N/AN/A35149,359618
2025-05-15$2.33$2.5062.2%17.8%54.7%14.4%62.1%0.0%-2.2%27.4K-849.1K-4.3K2.5076.80N/AN/A22559,387620
2025-05-16$2.35$2.5060.0%17.2%53.8%13.0%0.0%0.0%-2.4%28.9K-889.0K-4.4K0.0057.89N/AN/A61909,408614
2025-05-19$2.25$2.5065.2%18.7%55.5%16.3%67.0%0.0%-14.0%29.9K-775.9K-4.2K0.0092.56N/AN/A1,05619,595584
2025-05-20$2.17$2.5071.3%20.4%56.5%20.1%72.1%0.0%-14.7%27.5K-667.7K-4.1K0.0086.46N/AN/A1,056510,231587
2025-05-21$2.17$2.5066.0%18.9%53.4%16.8%67.3%0.0%-13.7%28.1K-804.9K-4.7K0.0291.51N/AN/A1,1792010,866592
2025-05-22$2.26$2.5059.8%17.1%54.9%12.8%60.7%0.0%2.1%31.6K-1.0M-5.3K0.0088.16N/AN/A495011,539592
2025-05-23$2.25$2.5049.3%14.1%54.8%6.2%48.4%0.0%5.6%34.6K-908.2K-5.2K0.0088.50N/AN/A275011,778592
2025-05-27$2.35$2.5065.9%18.9%56.5%16.7%65.9%0.0%-6.2%36.5K-1.2M-5.6K0.0090.95N/AN/A89011,864592
2025-05-28$2.42$2.5070.3%20.2%54.1%19.5%70.3%0.0%-12.7%44.3K-1.4M-6.0K0.0065.28N/AN/A112012,825592
2025-05-29$2.40$2.5066.2%19.0%52.6%16.9%66.2%0.0%-8.2%44.7K-1.4M-5.9K1.5659.55N/AN/A7712012,871592
2025-05-30$2.38$2.5054.3%15.6%52.7%9.4%54.7%0.0%7.4%43.8K-1.3M-5.8K0.0491.93N/AN/A131512,902678