EVCM Options History — January 2025

In January 2025, EVCM traded between $10.04 and $10.92. ATM implied volatility averaged 66.2%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 34.4% (HV 20d: 31.8%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.54.

Notable Days

2025-01-16: Highest Volume — 163 contracts
2025-01-15: Largest IV drop — 62.8% change
2025-01-14: Highest IV Rank — 28.1%
2025-01-03: Largest Expected Move — 30.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.37	$10.04	$10.92	$10.75	$10.11
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	66.2%	40.8%	130.4%	83.1%	49.5%
Expected Move	14.9%	9.8%	30.2%	23.8%	14.2%
HV 20d	31.8%	24.3%	38.3%	36.9%	25.8%
HV 60d	35.9%	35.2%	36.5%	35.2%	36.0%
IV Rank	11.4%	4.8%	28.1%	15.8%	7.1%
IV Percentile	65.2%	24.6%	97.6%	89.7%	49.2%
Term Structure	-12.9%	-62.8%	78.7%	-62.0%	-13.1%
Skew 25d	-1.2%	-23.6%	29.8%	-0.3%	0.3%
Skew 10d	14.6%	-19.8%	55.6%	26.2%	16.8%
Call IV 25d	62.1%	34.6%	99.4%	60.7%	69.0%
Put IV 25d	60.9%	33.5%	106.6%	60.5%	69.3%
Bid-Ask Spread %	119.70	114.48	125.65	119.52	115.03
Gamma HHI	0.59	0.50	1.00	1.00	0.52
Net GEX	59	12	129	113	12
Net DEX	-561	-1.6K	-63	-1.2K	-63
Net VEX	-3	-11	-1	-4	-1
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.00	1.09	0.00	1.09
Total Volume	8.4	0	163	0	0
Total OI	16.15	6	174	6	6

Daily Data (20 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$10.75	$12.50	83.1%	23.8%	36.9%	15.8%	0.0%	-0.3%	-62.0%	113	-1.2K	-4	0.00	119.52	N/A	N/A	0	0	6	0
2025-01-03	$10.92	$12.50	105.4%	30.2%	37.1%	21.6%	0.0%	29.8%	-62.8%	122	-1.5K	-5	0.00	118.69	N/A	N/A	0	0	6	0
2025-01-06	$10.85	$12.50	81.4%	12.7%	37.1%	15.4%	0.0%	-1.1%	-15.9%	121	-1.2K	-4	0.00	114.48	N/A	N/A	5	0	6	0
2025-01-07	$10.50	$12.50	70.3%	13.1%	38.3%	12.5%	0.0%	13.2%	-10.4%	125	-1.6K	-11	0.00	115.47	N/A	N/A	0	0	11	0
2025-01-08	$10.53	$12.50	77.8%	9.8%	37.2%	14.4%	0.0%	-1.6%	-6.6%	129	-1.4K	-9	0.00	120.08	N/A	N/A	0	0	11	0
2025-01-10	$10.16	$12.50	73.9%	10.8%	37.4%	13.4%	0.0%	-23.6%	-4.3%	73	-689	-6	0.00	121.51	N/A	N/A	0	0	11	0
2025-01-13	$10.04	$12.50	92.6%	10.4%	34.4%	18.2%	0.0%	1.5%	-4.4%	46	-306	-3	0.00	118.83	N/A	N/A	0	0	11	0
2025-01-14	$10.12	$12.50	130.4%	12.5%	34.9%	28.1%	0.0%	-0.8%	-12.5%	73	-540	-4	0.00	119.17	N/A	N/A	0	0	11	0
2025-01-15	$10.26	$12.50	48.6%	13.9%	35.5%	6.8%	0.0%	7.1%	-10.6%	64	-464	-4	0.00	119.57	N/A	N/A	0	0	11	0
2025-01-16	$10.18	$12.50	44.5%	12.8%	35.5%	5.8%	0.0%	-3.7%	78.7%	58	-382	-3	1.09	122.48	N/A	N/A	78	85	11	0
2025-01-17	$10.27	$12.50	40.8%	11.7%	35.8%	4.8%	0.0%	-0.7%	-3.0%	27	-192	-2	0.00	123.44	N/A	N/A	0	0	89	85
2025-01-21	$10.38	$12.50	42.8%	12.3%	27.1%	5.3%	0.0%	-5.2%	-8.0%	28	-192	-2	0.00	121.87	N/A	N/A	0	0	6	0
2025-01-22	$10.30	$12.50	48.3%	13.8%	27.2%	6.7%	0.0%	-7.1%	-11.5%	29	-220	-2	0.00	120.34	N/A	N/A	0	0	6	0
2025-01-23	$10.22	$12.50	43.9%	12.6%	27.2%	5.6%	0.0%	15.4%	-9.5%	22	-146	-1	0.00	120.62	N/A	N/A	0	0	6	0
2025-01-24	$10.34	$12.50	46.4%	13.3%	27.8%	6.3%	0.0%	-21.7%	-7.3%	27	-192	-2	0.00	122.51	N/A	N/A	0	0	6	0
2025-01-27	$10.41	$12.50	63.1%	18.1%	24.9%	10.6%	0.0%	-5.1%	-16.5%	32	-301	-2	0.00	121.08	N/A	N/A	0	0	6	0
2025-01-28	$10.54	$12.50	66.1%	18.9%	25.7%	11.4%	0.0%	-9.6%	-45.7%	34	-337	-2	0.00	125.65	N/A	N/A	0	0	6	0
2025-01-29	$10.37	$12.50	55.5%	15.9%	24.3%	8.6%	0.0%	-15.5%	-17.1%	23	-137	-1	0.00	117.00	N/A	N/A	0	0	6	0
2025-01-30	$10.09	$12.50	59.8%	17.1%	25.7%	9.7%	0.0%	5.6%	-16.7%	20	-135	-1	0.00	116.65	N/A	N/A	0	0	6	0
2025-01-31	$10.11	$12.50	49.5%	14.2%	25.8%	7.1%	0.0%	0.3%	-13.1%	12	-63	-1	0.00	115.03	N/A	N/A	0	0	6	0