EVCM Options History — November 2025

In November 2025, EVCM traded between $8.07 and $11.52. ATM implied volatility averaged 87.9%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 22.3%. IV traded above realized volatility by 15.6% (HV 20d: 72.3%). Max pain ranged from $7.50 to $12.50. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.11.

Notable Days

2025-11-07: Highest Volume — 163 contracts
2025-11-07: Largest IV spike — 308.5% change
2025-11-07: Highest IV Rank — 82.2%
2025-11-04: Largest Expected Move — 33.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.14	$8.07	$11.52	$11.38	$8.73
Max Pain	$8.57	$7.50	$12.50	$12.50	$7.50
ATM IV	87.9%	52.2%	227.3%	54.1%	72.0%
Expected Move	22.3%	15.0%	33.6%	15.5%	20.6%
HV 20d	72.3%	31.8%	83.8%	35.6%	83.4%
HV 60d	50.7%	32.7%	55.8%	34.0%	55.8%
IV Rank	26.0%	11.6%	82.2%	12.4%	19.6%
IV Percentile	82.3%	59.5%	99.6%	63.5%	81.3%
Term Structure	-13.4%	-67.3%	53.5%	-22.0%	22.4%
VWIV	71.5%	39.9%	103.0%	81.7%	61.3%
Skew 25d	6.0%	-13.4%	70.7%	2.8%	25.8%
Skew 10d	24.2%	9.8%	38.4%	16.1%	29.1%
Call IV 25d	65.8%	37.3%	80.3%	65.3%	59.8%
Put IV 25d	71.8%	48.5%	142.2%	68.2%	85.5%
Bid-Ask Spread %	129.53	112.34	143.04	127.65	128.44
Gamma HHI	0.68	0.39	0.80	0.40	0.77
Net GEX	978	-48	1.6K	-24	1.5K
Net DEX	-30.5K	-43.5K	-17.8K	-27.3K	-43.5K
Net VEX	-146	-198	-46	-49	-181
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	1.00	0.00	0.00
Total Volume	12.211	0	163	0	1
Total OI	110	49	140	49	123

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$11.38	$12.50	54.1%	15.5%	35.6%	12.4%	0.0%	2.8%	-22.0%	-24	-27.3K	-49	0.00	127.65	N/A	N/A	0	0	37	12
2025-11-04	$11.23	$12.50	117.1%	33.6%	31.8%	37.8%	0.0%	-1.1%	-67.3%	7	-25.1K	-59	0.00	132.09	N/A	N/A	0	0	37	12
2025-11-05	$11.52	$12.50	102.4%	29.4%	32.8%	31.9%	0.0%	2.6%	-23.5%	9	-28.6K	-53	0.00	139.72	N/A	N/A	0	0	37	12
2025-11-06	$11.49	$0.00	55.6%	18.0%	32.8%	13.0%	0.0%	-2.9%	24.0%	-48	-27.9K	-47	0.00	142.62	N/A	N/A	0	0	37	12
2025-11-07	$9.29	$0.00	227.3%	33.5%	82.5%	82.2%	0.0%	70.7%	-60.8%	369	-17.8K	-46	0.00	143.04	N/A	N/A	163	0	37	12
2025-11-10	$8.94	$0.00	112.5%	23.6%	81.9%	35.9%	0.0%	-13.4%	-45.8%	1.6K	-27.3K	-171	0.00	135.17	N/A	N/A	49	0	117	12
2025-11-11	$8.48	$0.00	138.3%	22.6%	83.3%	46.3%	0.0%	-1.6%	-55.2%	1.4K	-25.1K	-170	0.00	132.91	N/A	N/A	0	0	118	12
2025-11-12	$8.55	$0.00	81.7%	23.4%	82.9%	23.5%	81.7%	20.6%	-38.0%	1.2K	-29.4K	-183	1.00	118.67	N/A	N/A	3	3	118	11
2025-11-13	$8.73	$7.50	78.1%	22.4%	83.7%	22.1%	0.0%	1.9%	-31.0%	1.4K	-34.1K	-198	0.00	128.56	N/A	N/A	1	0	121	14
2025-11-14	$8.47	$7.50	78.1%	22.4%	83.8%	22.1%	0.0%	-1.4%	-12.8%	1.1K	-31.2K	-188	0.00	140.14	N/A	N/A	4	0	120	14
2025-11-17	$8.40	$7.50	82.5%	23.6%	82.9%	23.8%	103.0%	-2.9%	-16.9%	1.4K	-24.9K	-173	0.00	118.07	N/A	N/A	2	0	124	14
2025-11-18	$8.10	$7.50	52.2%	15.0%	82.0%	11.6%	0.0%	-2.6%	34.4%	970	-31.4K	-186	0.00	117.24	N/A	N/A	0	0	126	14
2025-11-19	$8.07	$7.50	56.3%	16.1%	82.0%	13.2%	0.0%	-1.5%	40.5%	859	-34.3K	-191	0.00	124.83	N/A	N/A	0	0	126	14
2025-11-20	$8.14	$7.50	65.5%	18.8%	81.9%	17.0%	0.0%	-1.2%	53.5%	1.2K	-23.3K	-169	0.00	122.70	N/A	N/A	0	0	126	14
2025-11-21	$8.42	$7.50	80.3%	23.0%	82.8%	22.9%	0.0%	-0.7%	-23.7%	1.2K	-30.0K	-179	0.00	137.35	N/A	N/A	0	1	126	14
2025-11-24	$8.46	$7.50	61.8%	17.7%	82.2%	15.5%	0.0%	-0.1%	-12.5%	1.4K	-36.4K	-166	0.00	124.27	N/A	N/A	0	0	120	2
2025-11-25	$8.65	$7.50	58.0%	16.6%	83.2%	14.0%	39.9%	6.9%	5.6%	1.6K	-39.0K	-174	0.00	112.34	N/A	N/A	1	0	120	2
2025-11-26	$8.60	$7.50	96.2%	27.6%	82.9%	29.4%	0.0%	13.0%	-24.9%	1.4K	-42.3K	-183	0.00	135.27	N/A	N/A	4	0	121	2
2025-11-28	$8.73	$7.50	72.0%	20.6%	83.4%	19.6%	61.3%	25.8%	22.4%	1.5K	-43.5K	-181	0.00	128.44	N/A	N/A	1	0	121	2