ETQ Options History — May 2025

In May 2025, ETQ traded between $6.58 and $18.57. ATM implied volatility averaged 164.6%, placing in the 47.3% IV rank vs the trailing year. The 30-day expected move averaged 39.8%. IV traded below realized volatility by 21.8% (HV 20d: 186.5%). Max pain ranged from $6.00 to $33.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days.

Notable Days

  • 2025-05-22: Highest Volume — 1 contracts
  • 2025-05-14: Largest IV drop — 62.5% change
  • 2025-05-13: Highest IV Rank — 100.0%
  • 2025-05-29: Largest Expected Move — 51.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.18$6.58$18.57$17.38$7.13
Max Pain$14.95$6.00$33.00$33.00$6.00
ATM IV164.6%125.2%365.6%125.2%161.2%
Expected Move39.8%28.2%51.4%35.9%46.2%
HV 20d186.5%144.2%200.6%186.7%200.6%
HV 60d173.3%148.6%184.2%149.6%180.8%
IV Rank47.3%33.7%100.0%39.6%43.1%
IV Percentile75.2%56.7%100.0%61.5%78.2%
Term Structure-0.3%-25.1%48.0%-18.8%-0.0%
VWIV161.7%147.3%176.1%147.3%176.1%
Skew 25d-1.7%-43.1%17.3%1.6%13.7%
Skew 10d27.7%-4.4%53.3%-4.4%51.2%
Call IV 25d149.5%128.6%186.1%136.0%152.8%
Put IV 25d147.8%104.9%203.4%137.6%166.5%
Bid-Ask Spread %135.72112.96183.85183.40114.98
Gamma HHI0.170.120.190.180.17
Net GEX1941171861313
Net DEX-10.3K-38.0K-612-33.9K-810
Net VEX-42-135-7-131-7
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0950100
Total OI60.14359616061

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$17.38$33.00125.2%35.9%186.7%39.6%0.0%1.6%-18.8%613-33.9K-1310.00183.4000591
2025-05-02$17.57$33.00127.0%36.4%180.8%40.2%0.0%4.8%-23.6%633-34.0K-1310.00183.8500591
2025-05-05$18.03$17.00140.8%29.3%181.1%44.8%0.0%-38.1%-7.0%669-36.1K-1310.00179.4400591
2025-05-06$18.57$17.00131.7%28.6%152.0%41.8%0.0%-32.3%-7.3%718-38.0K-1350.00179.5100591
2025-05-07$18.30$17.00130.4%28.2%144.2%41.3%0.0%-43.1%-5.2%701-36.1K-1290.00180.1300591
2025-05-08$12.59$17.00151.5%31.4%167.8%48.4%0.0%-32.9%-14.4%310-20.3K-840.00177.5600591
2025-05-09$9.49$17.00208.6%41.1%176.9%67.4%0.0%11.4%4.3%34-1.6K-100.00120.3500591
2025-05-12$8.39$17.00270.9%42.4%178.5%88.2%0.0%10.1%15.8%51-1.8K-130.00116.8500591
2025-05-13$6.58$17.00365.6%43.8%190.1%100.0%0.0%-7.2%-9.6%22-914-80.00112.9600591
2025-05-14$7.23$17.00137.1%39.3%195.0%36.4%0.0%9.2%14.3%19-813-80.00118.1500591
2025-05-15$7.61$17.00139.8%40.1%195.0%37.1%0.0%10.8%6.1%19-864-70.00113.5300591
2025-05-16$7.26$17.00134.0%38.4%194.6%35.5%0.0%9.6%13.4%15-690-70.00117.4200591
2025-05-19$7.64$17.00139.4%40.0%197.2%37.0%0.0%11.0%11.0%23-999-80.00119.4100581
2025-05-20$7.82$17.00142.7%40.9%195.6%37.9%0.0%-1.0%-3.6%56-2.0K-140.00120.7400581
2025-05-21$7.77$7.00148.2%42.5%194.1%39.5%0.0%-2.7%-11.6%58-2.5K-140.00122.7600591
2025-05-22$6.93$7.00171.3%49.1%193.8%45.9%147.3%7.2%-8.0%28-1.2K-80.00115.0501591
2025-05-23$7.29$6.00163.2%46.8%197.1%43.7%0.0%4.5%48.0%55-2.3K-150.00122.1200592
2025-05-27$6.61$6.00162.4%46.6%197.2%43.4%0.0%1.0%0.5%12-632-70.00114.9500592
2025-05-28$6.91$6.00127.3%36.5%200.0%33.7%176.1%9.5%14.8%11-612-70.00116.0101592
2025-05-29$6.77$6.00179.3%51.4%197.6%48.1%0.0%17.3%-25.1%12-643-70.00120.8600592
2025-05-30$7.13$6.00161.2%46.2%200.6%43.1%0.0%13.7%-0.0%13-810-70.00114.9800592