ETQ Options History — July 2025

In July 2025, ETQ traded between $2.66 and $7.38. ATM implied volatility averaged 233.1%, placing in the 63.1% IV rank vs the trailing year. The 30-day expected move averaged 64.6%. IV traded above realized volatility by 103.7% (HV 20d: 129.4%). Max pain ranged from $3.00 to $5.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 7.50.

Notable Days

2025-07-28: Highest Volume — 31 contracts
2025-07-18: Largest IV spike — 30.0% change
2025-07-18: Highest IV Rank — 86.5%
2025-07-18: Largest Expected Move — 90.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.15	$2.66	$7.38	$7.38	$2.69
Max Pain	$3.38	$3.00	$5.00	$3.00	$5.00
ATM IV	233.1%	162.3%	317.2%	162.3%	267.2%
Expected Move	64.6%	43.6%	90.9%	46.5%	76.6%
HV 20d	129.4%	112.0%	141.5%	127.9%	112.0%
HV 60d	157.0%	151.1%	174.8%	172.5%	154.9%
IV Rank	63.1%	43.4%	86.5%	43.4%	72.6%
IV Percentile	93.5%	75.4%	99.6%	75.4%	96.4%
Term Structure	-62.3%	-134.3%	-6.5%	-20.0%	-130.3%
VWIV	186.5%	131.7%	241.3%	131.7%	241.3%
Skew 25d	-40.2%	-251.8%	52.1%	5.4%	-251.8%
Skew 10d	46.2%	-168.2%	157.9%	53.1%	-168.2%
Call IV 25d	276.7%	156.3%	447.1%	181.9%	447.1%
Put IV 25d	236.5%	167.5%	380.9%	187.3%	195.3%
Bid-Ask Spread %	149.21	143.80	158.85	158.85	146.31
Gamma HHI	0.46	0.32	0.68	0.44	0.32
Net GEX	-19	-60	-7	-15	-40
Net DEX	2.0K	736	6.8K	939	4.7K
Net VEX	-14	-24	-9	-18	-24
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.50	0.00	30.00	0.00	30.00
Total Volume	1.636	0	31	0	0
Total OI	20.045	13	54	13	54

Daily Data (22 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
2025-07-01	$7.38	$0.00	162.3%	46.5%	127.9%	43.4%	0.0%	5.4%	-20.0%	-15	939	-18	0.00	158.85	0	0	2	11
2025-07-02	$6.31	$0.00	184.0%	52.7%	137.2%	49.4%	0.0%	-0.3%	-35.8%	-14	1.1K	-16	0.00	149.61	0	0	2	11
2025-07-03	$6.28	$0.00	189.7%	43.6%	137.1%	51.0%	0.0%	14.7%	-6.5%	-13	1.2K	-16	0.00	154.39	0	0	2	11
2025-07-07	$6.48	$0.00	218.1%	45.0%	135.1%	58.9%	0.0%	10.5%	-14.9%	-14	1.2K	-16	0.00	153.48	0	0	2	11
2025-07-08	$6.14	$0.00	222.9%	44.0%	135.4%	60.3%	0.0%	7.7%	-13.5%	-16	1.3K	-16	0.00	153.96	0	1	2	11
2025-07-09	$5.43	$0.00	174.4%	50.0%	139.7%	46.8%	131.7%	5.8%	-26.1%	-14	1.4K	-15	0.00	151.55	0	1	2	12
2025-07-10	$5.21	$3.00	181.3%	52.0%	128.1%	48.7%	0.0%	17.8%	-26.1%	-18	1.3K	-16	0.00	154.56	0	0	2	13
2025-07-11	$4.52	$3.00	196.1%	56.2%	136.8%	52.8%	0.0%	19.8%	-70.5%	-15	1.6K	-14	0.00	153.40	0	0	2	13
2025-07-14	$4.52	$3.00	194.4%	55.7%	133.4%	52.3%	0.0%	24.3%	-30.2%	-16	1.6K	-14	0.00	153.19	0	0	2	13
2025-07-15	$4.38	$3.00	219.7%	63.0%	122.1%	59.4%	0.0%	-18.0%	-41.5%	-17	1.7K	-14	0.00	149.79	0	0	2	13
2025-07-16	$3.45	$3.00	240.7%	69.0%	141.5%	65.2%	0.0%	-35.0%	-70.5%	-14	1.6K	-11	0.00	143.93	1	0	2	13
2025-07-17	$3.29	$3.00	243.9%	69.9%	134.8%	66.1%	0.0%	-62.1%	-42.9%	-7	797	-10	0.00	147.45	0	0	3	13
2025-07-18	$3.04	$3.00	317.2%	90.9%	133.7%	86.5%	0.0%	36.5%	-59.2%	-9	1.1K	-10	0.00	148.39	0	0	3	13
2025-07-21	$2.75	$3.00	234.5%	67.2%	128.5%	63.5%	0.0%	52.1%	-72.6%	-7	736	-9	0.00	143.80	1	0	3	13
2025-07-22	$2.83	$3.00	272.2%	78.0%	121.8%	74.0%	0.0%	23.9%	-91.5%	-10	1.3K	-10	0.00	145.85	1	0	4	13
2025-07-23	$2.96	$3.00	264.6%	75.9%	124.6%	71.9%	0.0%	26.5%	-105.7%	-13	1.6K	-11	0.00	145.74	0	0	5	13
2025-07-24	$2.74	$3.00	257.6%	73.8%	124.0%	69.9%	0.0%	-47.1%	-75.2%	-13	1.6K	-10	0.00	145.62	0	0	5	13
2025-07-25	$2.83	$3.00	275.5%	79.0%	126.6%	74.9%	0.0%	-142.0%	-78.8%	-13	1.6K	-10	0.00	146.29	0	0	5	13
2025-07-28	$2.67	$3.00	269.9%	77.4%	123.7%	73.4%	241.3%	-197.7%	-109.9%	-10	1.2K	-10	30.00	146.09	1	30	5	13
2025-07-29	$2.66	$5.00	264.0%	75.7%	124.0%	71.7%	0.0%	-159.8%	-113.9%	-59	6.8K	-20	0.00	144.12	0	0	5	43
2025-07-30	$2.70	$5.00	277.4%	79.5%	117.9%	75.4%	0.0%	-214.5%	-134.3%	-60	6.8K	-21	0.00	146.28	0	0	5	43
2025-07-31	$2.69	$5.00	267.2%	76.6%	112.0%	72.6%	0.0%	-251.8%	-130.3%	-40	4.7K	-24	0.00	146.31	0	0	11	43