ETQ Options History — February 2025

In February 2025, ETQ traded between $11.43 and $17.25. ATM implied volatility averaged 140.5%, placing in the 44.7% IV rank vs the trailing year. The 30-day expected move averaged 39.4%. IV traded below realized volatility by 15.0% (HV 20d: 155.5%). Max pain ranged from $10.00 to $18.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.38.

Notable Days

2025-02-03: Highest Volume — 10 contracts
2025-02-28: Largest IV spike — 102.8% change
2025-02-28: Highest IV Rank — 80.3%
2025-02-28: Largest Expected Move — 70.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.96	$11.43	$17.25	$12.16	$17.25
Max Pain	$16.50	$10.00	$18.00	$10.00	$18.00
ATM IV	140.5%	115.1%	247.3%	143.7%	247.3%
Expected Move	39.4%	33.0%	70.9%	41.2%	70.9%
HV 20d	155.5%	144.8%	176.5%	176.5%	146.5%
HV 60d	154.5%	142.0%	174.5%	174.5%	142.2%
IV Rank	44.7%	36.2%	80.3%	45.8%	80.3%
IV Percentile	76.5%	69.4%	98.4%	80.2%	98.4%
Term Structure	1.0%	-113.4%	33.8%	-5.8%	-113.4%
VWIV	131.8%	38.8%	306.7%	38.8%	306.7%
Skew 25d	17.0%	-46.7%	252.3%	-2.6%	252.3%
Skew 10d	46.7%	-6.7%	115.0%	49.3%	-6.7%
Call IV 25d	132.3%	92.1%	166.7%	166.7%	92.1%
Put IV 25d	149.3%	119.8%	344.4%	164.0%	344.4%
Bid-Ask Spread %	133.49	123.22	164.72	148.72	164.72
Gamma HHI	0.24	0.16	0.29	0.29	0.17
Net GEX	-270	-599	327	-303	86
Net DEX	-1.1K	-22.9K	14.7K	-3.9K	-14.3K
Net VEX	-228	-308	-180	-252	-308
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.00	1.00	1.00	0.00
Total Volume	1.158	0	10	10	5
Total OI	197.316	187	200	187	200

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 Vol	Put Vol	Call OI	Put OI
2025-02-03	$12.16	$0.00	143.7%	41.2%	176.5%	45.8%	38.8%	-2.6%	-5.8%	-303	-3.9K	-252	1.00	148.72	5	5	55	132
2025-02-04	$11.93	$10.00	146.6%	42.0%	172.3%	46.7%	0.0%	-46.7%	-6.2%	-526	4.6K	-252	0.00	148.96	0	0	60	137
2025-02-05	$11.83	$10.00	154.1%	44.2%	171.2%	49.2%	0.0%	-13.1%	-29.1%	-373	5.2K	-274	0.00	148.32	0	0	60	137
2025-02-06	$12.14	$17.00	145.4%	40.1%	162.6%	46.3%	0.0%	13.5%	19.8%	-372	1.3K	-256	0.00	125.84	0	0	60	137
2025-02-07	$13.00	$17.00	139.6%	38.4%	163.4%	44.4%	109.9%	14.6%	22.7%	-599	-7.5K	-223	0.00	123.22	0	1	60	137
2025-02-10	$12.28	$17.00	160.8%	39.2%	165.4%	51.5%	0.0%	9.8%	8.9%	-375	-508	-241	0.00	129.26	0	0	60	138
2025-02-11	$13.13	$17.00	153.7%	38.0%	162.7%	49.1%	0.0%	15.2%	26.8%	-280	-4.9K	-238	0.00	127.56	0	0	60	138
2025-02-12	$12.23	$17.00	130.4%	37.4%	160.9%	41.3%	0.0%	4.2%	0.2%	-375	1.9K	-236	0.00	124.83	0	0	60	138
2025-02-13	$12.46	$17.00	130.5%	37.4%	148.4%	41.4%	0.0%	5.6%	8.6%	-350	1.2K	-225	0.00	131.14	0	0	60	138
2025-02-14	$11.57	$17.00	125.8%	36.1%	150.9%	39.8%	0.0%	14.9%	19.4%	-426	3.0K	-199	0.00	129.08	0	0	60	138
2025-02-18	$12.66	$17.00	125.2%	35.9%	145.3%	39.6%	0.0%	9.2%	23.0%	-316	-845	-208	0.00	128.65	0	0	60	138
2025-02-19	$11.74	$17.00	126.2%	36.2%	144.8%	39.9%	0.0%	-0.8%	9.0%	-279	13.0K	-230	0.00	133.31	0	0	60	138
2025-02-20	$11.43	$17.00	130.7%	37.5%	145.4%	41.4%	0.0%	-1.8%	-4.3%	-277	14.7K	-220	0.00	133.26	0	0	60	138
2025-02-21	$12.38	$17.00	115.1%	33.0%	147.3%	36.2%	92.5%	14.5%	10.1%	-376	1.4K	-187	0.50	127.58	2	1	60	138
2025-02-24	$12.23	$18.00	128.9%	37.0%	145.9%	40.8%	0.0%	3.2%	-3.9%	-298	13.9K	-222	0.00	133.46	0	0	58	139
2025-02-25	$13.75	$18.00	123.1%	35.3%	145.0%	38.9%	110.8%	3.0%	-11.0%	-145	-7.4K	-181	0.00	126.59	0	2	58	139
2025-02-26	$15.62	$18.00	120.5%	34.5%	150.2%	38.0%	0.0%	14.9%	10.1%	129	-18.3K	-180	0.00	126.16	0	0	58	141
2025-02-27	$16.50	$18.00	122.0%	35.0%	150.1%	38.5%	0.0%	13.5%	33.8%	327	-22.9K	-197	0.00	125.67	1	0	58	141
2025-02-28	$17.25	$18.00	247.3%	70.9%	146.5%	80.3%	306.7%	252.3%	-113.4%	86	-14.3K	-308	0.00	164.72	5	0	59	141