ETQ Options History — March 2025

In March 2025, ETQ traded between $16.70 and $23.01. ATM implied volatility averaged 135.1%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 40.5%. IV traded below realized volatility by 1.3% (HV 20d: 136.5%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-03-10: Highest Volume — 27 contracts
  • 2025-03-11: Largest IV drop — 13.3% change
  • 2025-03-10: Highest IV Rank — 49.5%
  • 2025-03-12: Largest Expected Move — 45.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.55$16.70$23.01$18.61$21.91
Max Pain$17.15$17.00$18.00$17.00$17.00
ATM IV135.1%110.2%155.0%153.3%123.1%
Expected Move40.5%35.4%45.9%43.9%35.4%
HV 20d136.5%103.7%154.6%144.0%148.8%
HV 60d142.3%135.9%144.7%142.8%144.4%
IV Rank42.9%34.6%49.5%49.0%38.9%
IV Percentile71.8%60.7%80.6%79.4%63.5%
Term Structure2.6%-22.0%14.7%-9.0%1.3%
VWIV143.6%94.1%200.1%200.1%94.1%
Skew 25d-2.7%-24.9%23.9%23.9%-2.6%
Skew 10d14.4%-20.1%74.7%74.7%19.7%
Call IV 25d125.1%104.8%155.2%126.3%114.2%
Put IV 25d122.4%109.2%150.2%150.2%111.6%
Bid-Ask Spread %111.7483.86127.72123.91105.87
Gamma HHI0.150.120.190.160.19
Net GEX657341926512926
Net DEX-59.9K-100.6K-32.0K-47.7K-72.9K
Net VEX-246-325-185-229-261
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.57102720
Total OI170.3336722520767

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$18.61$17.00153.3%43.9%144.0%49.0%200.1%23.9%-9.0%512-47.7K-2290.00123.912066141
2025-03-04$17.77$17.00140.0%40.1%103.7%44.5%95.1%-23.1%-22.0%439-45.5K-2240.00119.382064141
2025-03-05$16.70$17.00141.3%40.5%106.9%45.0%0.0%-17.8%-5.2%341-35.8K-2090.00123.710063141
2025-03-06$17.25$17.00147.8%42.4%106.6%47.1%0.0%10.1%-7.4%405-32.0K-1970.00123.991063141
2025-03-07$17.59$17.00146.9%42.1%106.5%46.8%0.0%-4.1%-1.2%398-38.0K-2160.00125.380064141
2025-03-10$22.66$17.00155.0%44.4%134.5%49.5%145.5%-7.7%-3.2%612-80.9K-2740.00119.3427064141
2025-03-11$20.56$17.00134.3%43.5%138.6%42.6%0.0%1.0%10.2%802-90.8K-3250.00123.5912084141
2025-03-12$22.21$17.00144.1%45.9%139.1%45.9%183.1%-8.3%-1.5%782-100.6K-3170.00119.923078141
2025-03-13$23.01$18.00141.1%43.5%134.2%44.9%0.0%-5.7%2.7%821-96.0K-3170.00123.293075141
2025-03-14$20.76$18.00141.8%42.1%142.5%45.1%94.1%-22.5%6.2%749-79.3K-2850.00127.722074141
2025-03-17$20.34$17.00141.3%42.2%138.7%45.0%0.0%-21.1%5.5%657-69.5K-2740.0083.860073141
2025-03-18$21.43$17.00142.1%42.0%137.1%45.2%0.0%-24.9%4.4%704-82.0K-2860.0084.850073141
2025-03-19$18.35$17.00141.0%42.2%147.5%44.9%0.0%8.0%5.0%520-48.0K-2340.0085.930073141
2025-03-20$19.39$0.00140.3%40.9%146.7%44.6%0.0%9.4%3.9%547-61.0K-2500.0088.880073141
2025-03-21$19.51$0.00131.0%39.3%145.5%41.5%0.0%5.6%9.3%753-60.9K-2450.0088.192073141
2025-03-24$17.18$0.00122.7%36.4%154.6%38.7%0.0%7.4%5.3%681-34.5K-1850.00114.6500661
2025-03-25$17.39$0.00117.0%35.7%150.0%36.8%0.0%3.9%9.5%678-41.2K-1990.00122.7800661
2025-03-26$18.60$0.00110.4%35.6%145.3%34.7%0.0%4.6%14.7%789-38.6K-1950.00110.0200661
2025-03-27$18.45$0.00110.2%35.9%144.4%34.6%0.0%3.6%14.5%800-38.5K-1890.00118.0900661
2025-03-28$20.96$0.00113.4%35.6%150.2%35.7%0.0%3.9%11.0%886-64.5K-2520.00113.1700661
2025-03-31$21.91$0.00123.1%35.4%148.8%38.9%0.0%-2.6%1.3%926-72.9K-2610.00105.8700661