ETQ Options History — January 2025

In January 2025, ETQ traded between $7.92 and $11.07. ATM implied volatility averaged 187.3%, placing in the 61.6% IV rank vs the trailing year. The 30-day expected move averaged 48.0%. IV traded above realized volatility by 48.5% (HV 20d: 138.8%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.08.

Notable Days

2025-01-08: Highest Volume — 36 contracts
2025-01-10: Largest IV spike — 76.1% change
2025-01-14: Highest IV Rank — 100.0%
2025-01-03: Largest Expected Move — 57.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.33	$7.92	$11.07	$9.06	$8.90
Max Pain	$8.00	$8.00	$8.00	$8.00	$8.00
ATM IV	187.3%	124.3%	306.4%	196.8%	161.6%
Expected Move	48.0%	44.0%	57.8%	56.4%	46.3%
HV 20d	138.8%	126.6%	149.3%	145.5%	139.7%
HV 60d	209.9%	161.7%	224.6%	211.1%	161.8%
IV Rank	61.6%	41.6%	100.0%	67.2%	51.7%
IV Percentile	89.8%	82.1%	100.0%	95.6%	82.5%
Term Structure	0.2%	-31.7%	27.8%	-30.0%	-12.2%
Skew 25d	9.4%	-46.7%	96.7%	10.9%	-46.7%
Skew 10d	75.2%	16.7%	237.5%	130.5%	51.4%
Call IV 25d	177.8%	132.0%	243.1%	217.5%	243.1%
Put IV 25d	187.2%	155.9%	252.9%	228.4%	196.4%
Bid-Ask Spread %	155.11	140.78	164.40	155.23	159.64
Gamma HHI	0.37	0.29	0.49	0.48	0.37
Net GEX	-420	-623	-291	-484	-542
Net DEX	20.9K	7.1K	36.1K	30.8K	23.0K
Net VEX	-237	-284	-178	-190	-223
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.08	0.00	0.50	0.00	0.50
Total Volume	2.5	0	36	0	3
Total OI	173.25	140	187	140	184

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 Vol	Put Vol	Call OI	Put OI
2025-01-02	$9.06	$8.00	196.8%	56.4%	145.5%	67.2%	0.0%	10.9%	-30.0%	-484	30.8K	-190	0.00	155.23	0	0	8	132
2025-01-03	$8.25	$8.00	201.8%	57.8%	136.8%	68.9%	0.0%	96.7%	-30.8%	-451	31.3K	-187	0.00	152.36	0	0	8	132
2025-01-06	$7.92	$0.00	227.9%	46.4%	137.3%	78.2%	0.0%	27.7%	2.5%	-460	31.8K	-178	0.00	160.23	0	0	8	132
2025-01-07	$9.33	$0.00	210.7%	45.0%	139.6%	72.1%	0.0%	47.5%	27.8%	-623	36.1K	-183	0.00	157.80	3	0	8	132
2025-01-08	$9.77	$0.00	124.3%	44.0%	131.7%	41.6%	0.0%	24.2%	19.9%	-466	27.0K	-196	0.00	148.55	36	0	11	132
2025-01-10	$9.92	$0.00	218.9%	46.0%	130.2%	75.0%	0.0%	25.5%	17.9%	-339	15.8K	-275	0.00	149.55	2	0	47	132
2025-01-13	$11.07	$0.00	260.5%	47.1%	126.6%	89.7%	0.0%	3.1%	8.4%	-291	7.1K	-280	0.00	140.78	5	0	49	132
2025-01-14	$10.07	$0.00	306.4%	44.5%	131.7%	100.0%	0.0%	29.7%	15.4%	-383	12.5K	-284	0.00	151.93	0	0	54	132
2025-01-15	$8.61	$0.00	165.1%	47.3%	144.8%	52.9%	0.0%	26.5%	19.2%	-382	21.1K	-255	0.00	147.69	1	0	54	132
2025-01-16	$9.17	$0.00	165.4%	47.4%	143.0%	53.0%	0.0%	21.9%	-4.3%	-356	17.0K	-261	0.00	155.78	0	0	55	132
2025-01-17	$8.16	$0.00	176.4%	50.6%	149.3%	56.7%	0.0%	17.5%	-7.9%	-376	21.3K	-243	0.00	156.66	0	0	55	132
2025-01-21	$9.16	$0.00	167.6%	48.0%	147.9%	53.7%	0.0%	-15.3%	14.3%	-384	18.6K	-260	0.00	157.67	0	0	53	131
2025-01-22	$9.38	$0.00	167.9%	48.1%	138.6%	53.8%	0.0%	-14.4%	2.3%	-358	17.7K	-256	0.00	157.88	0	0	53	131
2025-01-23	$9.34	$0.00	168.5%	48.3%	137.9%	54.0%	0.0%	-21.7%	9.7%	-389	17.9K	-253	0.00	156.03	0	0	53	131
2025-01-24	$8.91	$0.00	164.9%	47.3%	137.9%	52.8%	0.0%	43.6%	-3.3%	-443	22.0K	-242	0.00	158.66	0	0	53	131
2025-01-27	$10.11	$0.00	167.2%	47.9%	142.4%	53.6%	0.0%	-21.7%	3.0%	-403	18.2K	-240	0.00	156.11	0	0	53	131
2025-01-28	$10.11	$0.00	162.6%	46.6%	138.0%	52.1%	0.0%	-10.6%	-7.4%	-459	17.0K	-253	0.00	158.74	0	0	53	131
2025-01-29	$9.98	$0.00	159.2%	45.6%	138.1%	50.9%	0.0%	-28.3%	-8.7%	-408	12.9K	-241	0.00	156.50	0	0	53	131
2025-01-30	$9.37	$0.00	171.4%	49.1%	139.1%	55.0%	0.0%	-27.8%	-31.7%	-408	18.9K	-231	0.00	164.40	0	0	53	131
2025-01-31	$8.90	$0.00	161.6%	46.3%	139.7%	51.7%	0.0%	-46.7%	-12.2%	-542	23.0K	-223	0.50	159.64	2	1	53	131