EVCM Options History — December 2025

In December 2025, EVCM traded between $8.65 and $13.38. ATM implied volatility averaged 52.9%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 15.2%. IV traded below realized volatility by 15.9% (HV 20d: 68.8%). Max pain ranged from $7.50 to $12.50. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 3.87.

Notable Days

  • 2025-12-16: Highest Volume — 513 contracts
  • 2025-12-12: Largest IV spike — 39.5% change
  • 2025-12-01: Highest IV Rank — 19.4%
  • 2025-12-08: Largest Expected Move — 21.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.25$8.65$13.38$8.65$12.10
Max Pain$11.71$7.50$12.50$7.50$12.50
ATM IV52.9%35.2%71.4%71.4%56.5%
Expected Move15.2%9.6%21.4%20.5%16.2%
HV 20d68.8%38.9%87.6%82.4%77.7%
HV 60d64.2%55.7%71.2%55.7%70.3%
IV Rank11.9%4.7%19.4%19.4%13.3%
IV Percentile55.3%20.2%80.6%80.6%63.5%
Term Structure9.9%-31.4%43.8%43.8%29.0%
VWIV56.0%26.0%101.1%101.1%45.7%
Skew 25d35.1%-21.3%109.1%27.5%75.6%
Skew 10d36.5%-41.3%142.0%32.4%97.1%
Call IV 25d54.9%31.2%70.4%62.4%66.8%
Put IV 25d90.0%43.2%162.7%89.9%142.4%
Bid-Ask Spread %118.5597.49147.79131.44103.17
Gamma HHI0.670.430.880.760.50
Net GEX-3.4K-15.8K2.2K1.3K-2.9K
Net DEX109.3K-71.2K328.3K-44.9K221.4K
Net VEX-744-1.3K-175-184-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.870.0034.670.000.00
Total Volume80.1360513099
Total OI662.7731211,1861221,104

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$8.65$7.5071.4%20.5%82.4%19.4%0.0%27.5%43.8%1.3K-44.9K-1840.00131.44N/AN/A001202
2025-12-02$8.93$7.5059.0%16.9%84.0%14.4%0.0%30.7%-12.2%1.8K-43.7K-1750.00116.78N/AN/A001202
2025-12-03$9.25$7.5057.9%16.6%85.7%13.9%0.0%30.2%-10.6%2.2K-50.3K-1780.00117.06N/AN/A001202
2025-12-04$9.64$0.0049.6%15.5%86.7%10.6%0.0%19.8%-3.4%1.6K-65.2K-1950.00147.79N/AN/A001202
2025-12-05$9.89$0.0048.0%9.6%87.6%9.9%0.0%11.2%35.5%1.6K-71.2K-1920.00134.65N/AN/A201202
2025-12-08$9.66$0.0056.5%21.4%43.5%13.4%101.1%44.8%-7.4%1.4K-65.9K-19234.67131.51N/AN/A62081192
2025-12-09$9.95$12.5063.7%16.3%41.8%16.2%70.2%20.7%19.9%-58784.2K-4390.00130.09N/AN/A071125210
2025-12-10$10.48$12.5053.5%15.4%38.9%12.2%0.0%-2.3%-10.7%-2.4K142.7K-4970.00135.48N/AN/A00125281
2025-12-11$10.79$12.5035.2%10.1%39.4%4.7%59.3%-1.9%17.7%-3.3K156.1K-4510.00130.59N/AN/A10125281
2025-12-12$11.84$12.5049.1%14.1%48.8%10.3%26.0%29.3%9.2%-6.1K77.1K-6410.00126.83N/AN/A80126281
2025-12-15$13.30$12.5059.6%17.1%57.6%14.6%65.7%21.1%20.5%-5.4K1.4K-6711.19112.87N/AN/A183218128317
2025-12-16$13.38$12.5053.7%15.4%56.8%12.2%56.1%-5.9%3.6%-14.6K-51.8K-1.1K0.70105.55N/AN/A302211320625
2025-12-17$12.11$12.5059.7%17.1%68.8%14.6%58.1%13.3%27.3%-10.7K304.7K-1.3K6.0099.15N/AN/A37222483668
2025-12-18$12.93$12.5043.0%12.3%70.0%7.9%43.0%28.6%7.6%-15.8K62.9K-1.3K1.88109.11N/AN/A815480693
2025-12-19$12.05$12.5056.0%16.0%77.5%13.1%54.7%-21.3%22.5%-3.7K328.3K-1.2K1.2297.49N/AN/A911484702
2025-12-22$12.13$12.5048.2%13.8%77.4%10.0%53.2%66.8%-19.0%-3.5K215.6K-1.2K0.42118.84N/AN/A2410396578
2025-12-23$12.07$12.5045.2%13.0%77.7%8.8%46.8%64.4%25.9%-3.4K257.6K-1.1K4.60105.89N/AN/A523410588
2025-12-24$12.02$12.5046.2%13.2%78.1%9.2%47.7%109.1%35.9%-3.4K240.3K-1.2K6.00122.32N/AN/A1060410611
2025-12-26$12.11$12.5047.2%13.5%77.7%9.6%45.7%72.8%-15.6%-3.1K266.4K-1.1K1.43100.23N/AN/A710420671
2025-12-29$12.17$12.5053.0%15.2%77.9%11.9%0.0%70.3%-31.4%-2.9K226.8K-1.1K0.00116.61N/AN/A30423681
2025-12-30$12.13$12.5051.8%14.9%77.6%11.5%0.0%67.8%28.7%-2.9K212.6K-1.1K0.00114.76N/AN/A00423681
2025-12-31$12.10$12.5056.5%16.2%77.7%13.3%0.0%75.6%29.0%-2.9K221.4K-1.0K0.00103.17N/AN/A990423681