HIVE Options History — January 2025

In January 2025, HIVE traded between $2.76 and $3.34. ATM implied volatility averaged 100.1%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 31.0%. IV traded above realized volatility by 27.2% (HV 20d: 72.9%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.18.

Notable Days

  • 2025-01-17: Highest Volume — 7,942 contracts
  • 2025-01-10: Largest IV spike — 49.0% change
  • 2025-01-06: Highest IV Rank — 19.3%
  • 2025-01-27: Largest Expected Move — 34.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.06$2.76$3.34$3.03$2.94
Max Pain$2.95$2.50$3.00$2.50$3.00
ATM IV100.1%71.4%116.1%93.7%94.5%
Expected Move31.0%25.7%34.8%32.4%31.6%
HV 20d72.9%61.1%80.7%71.7%74.3%
HV 60d91.1%83.9%96.2%93.5%83.9%
IV Rank13.6%3.3%19.3%11.3%11.6%
IV Percentile27.0%1.2%59.5%9.5%12.7%
Term Structure0.9%-44.6%40.6%15.2%-8.1%
VWIV114.5%94.7%128.2%117.4%117.2%
Skew 25d-12.2%-50.7%27.5%-34.6%-11.1%
Skew 10d0.2%-55.5%42.7%-2.1%-18.8%
Call IV 25d100.9%63.1%118.7%115.0%103.6%
Put IV 25d88.7%65.8%120.8%80.4%92.6%
Bid-Ask Spread %31.9015.3662.4061.0527.61
Gamma HHI0.140.120.150.120.15
Net GEX148.7K118.6K184.0K150.6K148.3K
Net DEX-12.2M-16.0M-9.0M-12.4M-11.0M
Net VEX-85.0K-94.5K-74.6K-86.9K-86.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.040.460.100.22
Total Volume4,941.42,3767,9425,9503,767
Total OI185,135.2129,363224,381216,443151,415

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$3.03$2.5093.7%32.4%71.7%11.3%117.4%-34.6%15.2%150.6K-12.4M-86.9K0.1061.05N/AN/A5,432518198,70417,739
2025-01-03$3.33$2.50109.6%32.8%77.9%17.0%116.1%21.1%-8.1%173.4K-15.5M-93.9K0.0462.40N/AN/A6,609263199,78617,966
2025-01-06$3.34$3.00116.1%31.6%77.4%19.3%125.9%27.5%3.8%184.0K-16.0M-94.5K0.1128.32N/AN/A7,036744201,13717,511
2025-01-07$3.12$3.00114.9%30.1%77.0%18.9%111.3%20.6%-34.8%166.3K-13.4M-87.9K0.0635.86N/AN/A4,537293203,28218,010
2025-01-08$3.13$3.0071.4%32.1%74.7%3.3%121.7%-27.9%40.6%171.9K-13.2M-87.6K0.2636.48N/AN/A3,174818202,68318,282
2025-01-10$3.04$3.00106.4%32.8%74.9%15.9%128.2%27.4%5.7%178.7K-12.3M-85.7K0.3630.72N/AN/A2,310823203,63218,776
2025-01-13$2.91$3.00110.0%32.7%74.7%17.2%116.7%-31.4%11.2%135.8K-10.0M-77.2K0.4618.00N/AN/A2,6261,207201,85918,335
2025-01-14$2.92$3.00113.5%33.1%74.7%18.4%125.5%-24.8%8.2%136.2K-10.4M-78.1K0.1830.38N/AN/A2,022354203,03919,004
2025-01-15$3.13$3.0091.0%30.4%80.4%10.3%109.4%-33.1%-9.4%120.1K-13.2M-84.7K0.1520.56N/AN/A4,169637204,03118,967
2025-01-16$3.16$3.0090.5%30.7%80.3%10.2%107.5%-20.2%-5.5%149.1K-13.5M-86.0K0.1122.73N/AN/A3,219368205,54118,840
2025-01-17$3.20$3.0099.8%29.8%80.7%13.5%115.4%-0.8%2.7%132.7K-14.5M-87.7K0.1718.47N/AN/A6,8011,141206,51417,601
2025-01-21$3.12$3.00108.2%31.1%67.3%16.5%110.3%-34.6%8.1%135.2K-11.9M-85.1K0.1915.36N/AN/A6,1811,145115,68713,676
2025-01-22$3.15$3.00101.9%29.2%63.1%14.2%104.9%-20.0%2.7%149.3K-12.2M-87.8K0.1417.34N/AN/A3,020416119,92514,653
2025-01-23$3.13$3.00102.9%28.8%63.2%14.6%108.9%-16.7%18.0%156.1K-11.5M-83.8K0.1649.48N/AN/A3,841608121,79014,915
2025-01-24$3.06$3.0094.0%25.7%61.1%11.4%107.9%-50.7%7.4%145.9K-12.0M-85.7K0.0425.45N/AN/A5,932248124,99515,377
2025-01-27$2.76$3.00109.3%34.8%70.2%16.9%121.2%17.7%-44.6%118.6K-9.0M-74.6K0.3241.66N/AN/A5,2861,679124,92414,988
2025-01-28$2.79$3.00101.2%28.5%70.3%14.0%94.7%-28.5%-5.9%125.5K-9.4M-76.4K0.1136.44N/AN/A3,102348127,23316,289
2025-01-29$2.88$3.0085.7%31.5%70.4%8.4%110.9%-19.0%2.0%137.2K-10.4M-82.0K0.3928.02N/AN/A2,6751,050129,77316,529
2025-01-30$3.05$3.0086.9%30.2%73.3%8.8%118.4%-5.4%8.6%160.0K-11.9M-88.7K0.1131.74N/AN/A3,996433131,94717,349
2025-01-31$2.94$3.0094.5%31.6%74.3%11.6%117.2%-11.1%-8.1%148.3K-11.0M-86.4K0.2227.61N/AN/A3,076691133,93917,476