EVCM Options History — March 2025

In March 2025, EVCM traded between $8.96 and $10.56. ATM implied volatility averaged 46.8%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 10.4% (HV 20d: 36.4%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 5.83.

Notable Days

2025-03-14: Highest Volume — 228 contracts
2025-03-24: Largest IV spike — 73.3% change
2025-03-10: Highest IV Rank — 18.6%
2025-03-10: Largest Expected Move — 26.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.81	$8.96	$10.56	$9.65	$10.13
Max Pain	$10.12	$10.00	$12.50	$10.00	$10.00
ATM IV	46.8%	30.6%	94.0%	59.8%	48.9%
Expected Move	13.9%	8.0%	26.9%	17.1%	10.8%
HV 20d	36.4%	27.2%	41.8%	33.7%	40.9%
HV 60d	32.8%	31.1%	35.5%	31.9%	33.7%
IV Rank	6.3%	1.6%	18.6%	9.7%	6.4%
IV Percentile	36.8%	2.4%	94.4%	68.3%	47.2%
Term Structure	-6.6%	-27.4%	23.2%	-13.7%	-2.9%
VWIV	79.2%	37.4%	191.4%	191.4%	50.9%
Skew 25d	-1.2%	-29.8%	30.5%	0.6%	-10.0%
Skew 10d	6.0%	-17.5%	23.8%	0.8%	23.8%
Call IV 25d	55.6%	31.9%	101.3%	62.8%	101.3%
Put IV 25d	54.4%	26.9%	91.4%	63.4%	91.4%
Bid-Ask Spread %	107.27	86.16	122.74	106.25	103.85
Gamma HHI	0.71	0.40	1.00	0.63	0.84
Net GEX	-4.4K	-32.1K	15	-21	-209
Net DEX	19.8K	200	91.0K	464	1.8K
Net VEX	-21	-103	-1	-1	-8
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.83	0.00	9.00	0.00	8.50
Total Volume	14.381	0	228	0	0
Total OI	86.667	7	311	7	16

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$9.65	$10.00	59.8%	17.1%	33.7%	9.7%	0.0%	0.6%	-13.7%	-21	464	-1	0.00	106.25	N/A	N/A	0	0	6	1
2025-03-04	$9.70	$10.00	51.3%	14.7%	33.6%	7.5%	191.4%	-2.6%	-20.3%	-4	200	-4	0.00	122.74	N/A	N/A	0	2	6	1
2025-03-05	$9.73	$10.00	50.0%	14.3%	33.6%	7.2%	37.4%	3.9%	-0.4%	-6	292	-3	0.00	104.25	N/A	N/A	0	1	6	3
2025-03-06	$9.46	$10.00	61.5%	17.6%	34.5%	10.2%	0.0%	9.5%	14.8%	-11	415	-2	0.00	105.75	N/A	N/A	0	0	6	3
2025-03-07	$9.39	$10.00	55.7%	16.0%	34.5%	8.7%	46.8%	6.4%	-0.0%	-23	597	-1	0.00	109.24	N/A	N/A	1	0	6	3
2025-03-10	$9.03	$10.00	94.0%	26.9%	36.5%	18.6%	0.0%	4.1%	-2.1%	9	285	-2	0.00	114.49	N/A	N/A	0	0	7	3
2025-03-11	$9.12	$10.00	43.4%	17.6%	27.2%	5.5%	0.0%	5.3%	-2.0%	15	343	-2	0.00	110.05	N/A	N/A	0	0	7	3
2025-03-12	$9.18	$10.00	39.1%	15.4%	27.5%	4.4%	0.0%	6.7%	-2.7%	10	462	-2	0.00	101.90	N/A	N/A	0	0	7	3
2025-03-13	$8.96	$10.00	43.7%	23.0%	27.4%	5.6%	69.6%	-13.3%	-4.8%	11	361	-2	9.00	86.16	N/A	N/A	7	63	7	3
2025-03-14	$9.48	$10.00	35.6%	13.6%	36.1%	3.5%	50.9%	30.5%	-0.4%	-250	3.1K	-13	8.50	105.06	N/A	N/A	24	204	14	81
2025-03-17	$9.97	$12.50	33.4%	10.3%	41.4%	2.9%	0.0%	6.6%	-3.9%	-13.4K	88.8K	-103	0.00	111.62	N/A	N/A	0	0	34	276
2025-03-18	$9.97	$10.00	45.0%	9.8%	40.6%	5.9%	0.0%	-6.0%	-19.9%	-18.8K	91.0K	-92	0.00	107.70	N/A	N/A	0	0	35	276
2025-03-19	$10.10	$10.00	37.6%	9.2%	40.9%	4.0%	0.0%	-2.9%	-9.2%	-17.3K	64.8K	-75	0.00	118.87	N/A	N/A	0	0	33	276
2025-03-20	$10.00	$10.00	35.9%	8.0%	39.8%	3.5%	0.0%	-1.1%	-16.2%	-8.8K	84.9K	-57	0.00	109.99	N/A	N/A	0	0	33	276
2025-03-21	$10.04	$10.00	31.7%	9.8%	37.8%	2.5%	0.0%	9.6%	-1.1%	-32.1K	71.5K	-21	0.00	105.36	N/A	N/A	0	0	33	276
2025-03-24	$10.38	$10.00	55.0%	9.8%	39.5%	8.5%	0.0%	-8.5%	-27.4%	-145	1.7K	-10	0.00	108.49	N/A	N/A	0	0	7	9
2025-03-25	$10.56	$10.00	30.7%	12.6%	39.8%	2.2%	0.0%	-29.8%	23.2%	-216	260	-11	0.00	109.09	N/A	N/A	0	0	7	9
2025-03-26	$10.52	$10.00	52.8%	12.8%	39.4%	7.9%	0.0%	-12.0%	-26.8%	-105	1.6K	-10	0.00	99.73	N/A	N/A	0	0	7	9
2025-03-27	$10.53	$10.00	46.9%	12.7%	38.1%	5.9%	0.0%	-28.4%	-22.4%	-169	1.2K	-10	0.00	102.19	N/A	N/A	0	0	7	9
2025-03-28	$10.06	$10.00	30.6%	10.3%	41.8%	1.6%	0.0%	6.4%	-1.0%	-345	2.4K	-9	0.00	109.95	N/A	N/A	0	0	7	9
2025-03-31	$10.13	$10.00	48.9%	10.8%	40.9%	6.4%	0.0%	-10.0%	-2.9%	-209	1.8K	-8	0.00	103.85	N/A	N/A	0	0	7	9