ETQ Options History — November 2025

In November 2025, ETQ traded between $36.48 and $59.50. ATM implied volatility averaged 148.6%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 42.0%. IV traded below realized volatility by 832.9% (HV 20d: 981.5%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.43.

Notable Days

2025-11-21: Highest Volume — 18 contracts
2025-11-04: Largest IV spike — 18.6% change
2025-11-04: Highest IV Rank — 33.3%
2025-11-04: Largest Expected Move — 50.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.10	$36.48	$59.50	$38.70	$47.23
Max Pain	$49.00	$45.00	$50.00	$45.00	$50.00
ATM IV	148.6%	123.8%	176.0%	148.3%	161.2%
Expected Move	42.0%	35.5%	50.5%	42.5%	46.2%
HV 20d	981.5%	175.9%	1080.0%	1071.3%	175.9%
HV 60d	632.5%	629.3%	635.0%	633.8%	631.5%
IV Rank	27.7%	22.6%	33.3%	27.6%	30.3%
IV Percentile	40.8%	17.4%	64.0%	42.4%	52.1%
Term Structure	20.2%	-31.2%	57.6%	-31.2%	55.8%
VWIV	139.6%	106.0%	181.7%	148.3%	181.7%
Skew 25d	49.0%	-34.9%	129.7%	-16.0%	129.7%
Skew 10d	55.0%	-53.2%	194.3%	-39.6%	179.7%
Call IV 25d	133.8%	98.7%	190.4%	158.2%	108.9%
Put IV 25d	182.8%	132.4%	238.6%	142.1%	238.6%
Bid-Ask Spread %	123.27	89.95	144.45	89.95	135.88
Gamma HHI	0.65	0.34	1.00	1.00	0.59
Net GEX	-61	-372	28	0	-248
Net DEX	876	-7.5K	20.3K	0	13.7K
Net VEX	-35	-92	0	0	-89
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.43	0.00	8.00	0.00	2.00
Total Volume	2.263	0	18	0	3
Total OI	4.526	0	15	0	13

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
2025-11-03	$38.70	$0.00	148.3%	42.5%	1071.3%	27.6%	0.0%	-16.0%	-31.2%	0	0	0	0.00	89.95	0	0	0	0
2025-11-04	$46.73	$0.00	176.0%	50.5%	1071.0%	33.3%	0.0%	-7.5%	-6.2%	0	0	0	0.00	92.18	1	0	0	0
2025-11-05	$39.48	$0.00	148.8%	42.7%	1075.6%	27.7%	0.0%	-34.9%	11.1%	12	-2.6K	-11	0.00	96.33	0	0	1	0
2025-11-06	$43.57	$0.00	156.7%	37.1%	1075.5%	29.4%	0.0%	13.9%	19.1%	13	-2.9K	-12	0.00	127.24	0	0	1	0
2025-11-07	$39.07	$0.00	147.5%	40.7%	1080.0%	27.5%	0.0%	53.9%	-8.5%	12	-2.5K	-11	0.00	135.27	0	0	1	0
2025-11-10	$36.48	$0.00	148.8%	38.6%	1078.0%	27.7%	0.0%	45.2%	15.5%	11	-2.3K	-11	0.00	144.45	2	0	1	0
2025-11-11	$39.49	$0.00	149.7%	44.9%	1078.0%	27.9%	0.0%	118.6%	57.6%	24	-5.1K	-22	0.00	142.94	0	0	2	0
2025-11-12	$39.77	$0.00	134.7%	38.6%	1078.5%	24.8%	0.0%	60.9%	17.2%	24	-5.2K	-22	0.00	138.22	0	0	2	0
2025-11-13	$45.52	$0.00	143.2%	41.1%	1078.0%	26.6%	0.0%	74.0%	30.1%	25	-6.4K	-23	0.00	124.03	0	0	2	0
2025-11-14	$46.87	$0.00	123.8%	35.5%	1077.8%	22.6%	0.0%	9.7%	36.8%	28	-6.4K	-24	0.00	127.78	0	0	2	0
2025-11-17	$51.23	$0.00	146.6%	42.0%	1074.3%	27.3%	0.0%	78.4%	32.1%	27	-7.5K	-24	0.00	120.04	0	0	2	0
2025-11-18	$46.30	$0.00	130.0%	37.3%	1076.8%	23.9%	0.0%	39.3%	26.6%	26	-6.5K	-23	0.00	129.32	1	0	2	0
2025-11-19	$53.01	$0.00	136.4%	39.1%	1076.6%	25.2%	0.0%	53.3%	9.5%	14	-3.9K	-13	0.00	120.03	0	5	1	0
2025-11-20	$55.70	$0.00	157.2%	45.1%	1074.9%	29.5%	0.0%	77.5%	3.0%	-85	3.1K	-63	0.00	117.17	0	0	1	5
2025-11-21	$59.50	$45.00	162.4%	46.6%	1073.0%	30.5%	148.3%	-10.7%	9.6%	-27	-2.1K	-67	8.00	113.07	2	16	2	5
2025-11-24	$48.98	$50.00	159.5%	45.7%	1074.6%	29.9%	106.0%	102.0%	45.6%	-296	15.2K	-92	0.00	126.89	1	0	4	11
2025-11-25	$50.59	$50.00	142.3%	40.8%	1075.1%	26.4%	122.4%	58.3%	24.4%	-372	17.6K	-88	0.00	128.08	2	0	4	11
2025-11-26	$47.76	$50.00	150.6%	43.2%	183.5%	28.1%	0.0%	85.2%	36.6%	-351	20.3K	-78	0.00	133.26	0	10	2	11
2025-11-28	$47.23	$50.00	161.2%	46.2%	175.9%	30.3%	181.7%	129.7%	55.8%	-248	13.7K	-89	2.00	135.88	1	2	2	11