EVCM Options History — July 2025

In July 2025, EVCM traded between $10.52 and $11.63. ATM implied volatility averaged 46.7%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 14.8% (HV 20d: 31.9%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-18: Highest Volume — 51 contracts
2025-07-30: Largest IV spike — 117.2% change
2025-07-08: Highest IV Rank — 13.7%
2025-07-30: Largest Expected Move — 19.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.01	$10.52	$11.63	$10.52	$10.77
Max Pain	$12.05	$10.00	$12.50	$10.00	$12.50
ATM IV	46.7%	29.3%	76.5%	37.1%	62.8%
Expected Move	12.3%	8.4%	19.4%	10.6%	18.0%
HV 20d	31.9%	29.6%	34.8%	31.1%	32.6%
HV 60d	35.1%	31.9%	45.5%	45.5%	33.1%
IV Rank	5.9%	1.4%	13.7%	3.4%	10.1%
IV Percentile	36.3%	2.4%	86.5%	15.1%	75.8%
Term Structure	-4.8%	-31.2%	29.2%	-6.1%	-30.5%
VWIV	35.4%	24.9%	50.6%	50.6%	30.7%
Skew 25d	4.9%	-42.5%	38.3%	-30.9%	-6.9%
Skew 10d	19.1%	-22.3%	142.1%	14.1%	35.1%
Call IV 25d	39.8%	24.5%	70.5%	70.1%	63.4%
Put IV 25d	44.7%	28.1%	71.2%	39.2%	56.5%
Bid-Ask Spread %	115.45	105.95	124.10	109.88	119.30
Gamma HHI	0.71	0.50	0.95	0.52	0.90
Net GEX	312	-470	1.6K	-431	824
Net DEX	869	-16.2K	9.5K	9.5K	-2.5K
Net VEX	-48	-85	-25	-32	-54
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	4.727	0	51	1	0
Total OI	39.364	23	63	23	63

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2025-07-01	$10.52	$10.00	37.1%	10.6%	31.1%	3.4%	50.6%	-30.9%	-6.1%	-431	9.5K	-32	109.88	N/A	N/A	1	3	20
2025-07-02	$10.66	$10.00	40.1%	11.5%	30.7%	4.2%	0.0%	-42.5%	-25.7%	-449	7.0K	-36	115.05	N/A	N/A	0	3	20
2025-07-03	$10.93	$0.00	73.4%	13.2%	31.7%	12.9%	0.0%	-1.5%	-21.6%	-363	7.4K	-38	120.17	N/A	N/A	0	3	20
2025-07-07	$10.65	$0.00	71.1%	12.7%	33.2%	12.3%	0.0%	21.8%	-8.4%	-390	8.2K	-35	113.19	N/A	N/A	0	3	20
2025-07-08	$10.79	$0.00	76.5%	12.9%	33.4%	13.7%	0.0%	38.3%	6.1%	-357	7.0K	-37	105.95	N/A	N/A	0	3	20
2025-07-09	$10.77	$0.00	45.9%	13.2%	33.3%	5.7%	0.0%	2.4%	-26.6%	-387	8.7K	-31	119.25	N/A	N/A	0	3	20
2025-07-10	$10.91	$0.00	35.8%	10.3%	33.3%	3.0%	0.0%	18.9%	12.5%	-393	6.6K	-34	117.72	N/A	N/A	2	3	20
2025-07-11	$10.54	$0.00	57.4%	16.4%	34.8%	8.7%	0.0%	19.8%	-31.2%	-374	8.6K	-34	114.31	N/A	N/A	0	3	20
2025-07-14	$10.65	$0.00	39.1%	11.2%	34.1%	3.9%	0.0%	18.5%	-7.4%	-470	8.5K	-25	112.75	N/A	N/A	0	3	20
2025-07-15	$10.57	$0.00	40.7%	11.7%	29.8%	4.3%	0.0%	1.1%	-1.6%	-426	7.8K	-31	117.23	N/A	N/A	0	3	20
2025-07-16	$10.85	$0.00	47.1%	13.5%	30.5%	6.0%	0.0%	5.4%	-3.8%	-399	6.7K	-31	109.95	N/A	N/A	0	3	20
2025-07-17	$11.24	$0.00	29.3%	8.4%	32.2%	1.4%	0.0%	7.8%	29.2%	-159	3.7K	-30	109.86	N/A	N/A	0	3	20
2025-07-18	$11.18	$0.00	29.4%	8.4%	32.5%	1.4%	24.9%	6.2%	15.5%	-144	4.0K	-30	117.14	N/A	N/A	51	3	20
2025-07-21	$11.21	$12.50	34.9%	10.0%	31.8%	2.8%	0.0%	4.0%	24.5%	1.2K	-2.9K	-65	117.29	N/A	N/A	0	53	10
2025-07-22	$11.47	$12.50	37.1%	10.6%	32.0%	3.4%	0.0%	22.9%	2.3%	1.5K	-10.4K	-79	111.78	N/A	N/A	0	53	10
2025-07-23	$11.63	$12.50	48.6%	13.9%	30.8%	6.4%	0.0%	11.2%	-4.2%	1.3K	-16.2K	-85	120.50	N/A	N/A	0	53	10
2025-07-24	$11.43	$12.50	43.4%	12.5%	31.9%	5.1%	0.0%	5.0%	-13.0%	1.4K	-9.9K	-76	118.35	N/A	N/A	0	53	10
2025-07-25	$11.61	$12.50	38.3%	11.0%	30.6%	3.7%	0.0%	1.1%	1.3%	1.6K	-11.5K	-75	114.44	N/A	N/A	0	53	10
2025-07-28	$11.57	$12.50	40.1%	11.5%	29.6%	4.2%	30.7%	5.5%	-7.2%	1.5K	-10.9K	-69	112.41	N/A	N/A	50	53	10
2025-07-29	$11.32	$12.50	31.2%	8.9%	29.7%	1.9%	0.0%	-1.6%	2.9%	1.3K	-4.9K	-60	119.23	N/A	N/A	0	53	10
2025-07-30	$10.98	$12.50	67.8%	19.4%	32.0%	11.4%	0.0%	1.5%	-12.8%	1.0K	-5.2K	-59	124.10	N/A	N/A	0	53	10
2025-07-31	$10.77	$12.50	62.8%	18.0%	32.6%	10.1%	0.0%	-6.9%	-30.5%	824	-2.5K	-54	119.30	N/A	N/A	0	53	10