ETQ Options History — August 2025

In August 2025, ETQ traded between $1.37 and $3.01. ATM implied volatility averaged 280.1%, placing in the 63.3% IV rank vs the trailing year. The 30-day expected move averaged 109.3%. IV traded above realized volatility by 144.4% (HV 20d: 135.7%). Max pain ranged from $3.00 to $5.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 1.57.

Notable Days

2025-08-25: Highest Volume — 31 contracts
2025-08-15: Largest IV spike — 1797.8% change
2025-08-07: Highest IV Rank — 100.0%
2025-08-21: Largest Expected Move — 141.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.98	$1.37	$3.01	$3.01	$1.63
Max Pain	$3.57	$3.00	$5.00	$5.00	$3.00
ATM IV	280.1%	17.9%	494.6%	289.2%	17.9%
Expected Move	109.3%	73.2%	141.8%	82.9%	141.8%
HV 20d	135.7%	107.7%	177.0%	124.3%	171.4%
HV 60d	134.7%	123.0%	157.7%	157.3%	145.0%
IV Rank	63.3%	2.3%	100.0%	78.7%	2.3%
IV Percentile	74.6%	18.4%	100.0%	98.4%	18.4%
Term Structure	-184.9%	-467.3%	-20.3%	-87.9%	-20.3%
VWIV	287.6%	199.5%	423.3%	423.3%	239.9%
Skew 25d	-18.8%	-161.1%	202.5%	-155.0%	-161.1%
Skew 10d	8.8%	-21.6%	26.2%	9.9%	26.2%
Call IV 25d	337.7%	266.9%	462.9%	400.9%	341.4%
Put IV 25d	318.9%	180.4%	469.3%	246.0%	180.4%
Bid-Ask Spread %	121.46	117.67	146.81	146.81	120.23
Gamma HHI	0.57	0.20	1.00	0.33	0.51
Net GEX	-20	-77	3	-54	-1
Net DEX	6.3K	1.3K	9.9K	4.6K	6.5K
Net VEX	-9	-27	0	-27	-1
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.57	0.00	20.00	0.00	0.00
Total Volume	10.857	0	31	0	16
Total OI	86	54	196	54	196

Daily Data (21 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
2025-08-01	$3.01	$5.00	289.2%	82.9%	124.3%	78.7%	0.0%	-155.0%	-87.9%	-54	4.6K	-27	0.00	146.81	0	0	11	43
2025-08-04	$2.75	$4.00	307.3%	73.2%	122.9%	83.8%	0.0%	8.1%	-148.5%	-58	6.1K	-22	0.00	121.88	0	0	11	43
2025-08-05	$2.90	$4.00	214.5%	75.6%	127.5%	57.9%	0.0%	21.2%	-132.7%	-65	6.1K	-24	0.00	122.75	11	0	11	43
2025-08-06	$2.73	$4.00	159.1%	76.6%	123.8%	42.5%	0.0%	5.9%	-155.3%	-21	5.3K	-23	0.00	121.87	0	0	22	43
2025-08-07	$2.44	$4.00	393.9%	112.9%	126.8%	100.0%	0.0%	-9.3%	-291.4%	-4	8.3K	-10	0.00	122.40	1	0	22	43
2025-08-08	$2.21	$4.00	421.4%	120.8%	123.0%	100.0%	0.0%	-7.0%	-327.9%	-3	7.6K	-9	0.00	121.04	11	0	23	43
2025-08-11	$1.96	$4.00	452.4%	129.7%	125.7%	100.0%	0.0%	-28.7%	-320.9%	-3	6.7K	-8	0.00	120.13	0	1	24	43
2025-08-12	$1.75	$4.00	0.0%	0.0%	128.2%	0.0%	423.3%	0.0%	-365.1%	0	7.3K	0	20.00	120.77	1	20	24	42
2025-08-13	$1.60	$4.00	301.4%	86.4%	107.7%	66.1%	0.0%	0.0%	-208.4%	-8	9.9K	0	0.00	118.59	0	20	25	62
2025-08-14	$1.69	$4.00	25.3%	0.0%	112.6%	4.2%	0.0%	0.0%	-467.3%	-2	8.8K	0	0.00	120.10	2	0	25	52
2025-08-15	$1.81	$4.00	480.5%	137.8%	116.7%	100.0%	199.5%	-40.8%	-23.4%	-51	8.0K	-7	0.13	119.62	15	2	27	52
2025-08-18	$1.85	$3.00	416.5%	119.4%	114.5%	86.5%	0.0%	-43.0%	-121.6%	-11	1.3K	-20	0.00	117.67	0	0	25	44
2025-08-19	$2.01	$3.00	452.4%	129.7%	119.0%	94.1%	239.9%	202.5%	-31.6%	-5	3.3K	-16	0.00	118.54	7	0	25	44
2025-08-20	$1.83	$3.00	467.4%	134.0%	119.6%	97.2%	0.0%	-161.1%	-71.7%	-60	6.8K	-7	0.00	120.36	0	0	32	44
2025-08-21	$1.92	$3.00	494.6%	141.8%	120.5%	100.0%	0.0%	0.0%	-20.3%	-77	6.7K	-8	0.00	120.88	0	0	32	44
2025-08-22	$1.37	$3.00	72.0%	0.0%	163.8%	13.4%	0.0%	0.0%	0.0%	-4	5.3K	-4	0.14	118.60	7	1	32	44
2025-08-25	$1.58	$3.00	0.0%	0.0%	175.4%	0.0%	0.0%	0.0%	0.0%	1	6.0K	-1	0.15	119.54	27	4	40	45
2025-08-26	$1.50	$3.00	36.8%	0.0%	175.4%	6.2%	0.0%	0.0%	0.0%	3	6.0K	-1	0.00	119.79	29	0	67	47
2025-08-27	$1.48	$3.00	40.1%	0.0%	174.7%	6.9%	0.0%	0.0%	0.0%	3	6.0K	-1	0.00	119.54	25	0	96	47
2025-08-28	$1.56	$3.00	17.9%	0.0%	177.0%	2.3%	0.0%	0.0%	0.0%	1	6.3K	-1	0.00	119.61	28	0	121	47
2025-08-29	$1.63	$3.00	0.0%	0.0%	171.4%	0.0%	0.0%	0.0%	0.0%	-1	6.5K	-1	0.00	120.23	16	0	149	47