HIVE Options History — July 2025

In July 2025, HIVE traded between $2.08 and $2.49. ATM implied volatility averaged 115.2%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 33.7%. IV traded above realized volatility by 38.2% (HV 20d: 77.0%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.23.

Notable Days

2025-07-22: Highest Volume — 30,267 contracts
2025-07-08: Largest IV spike — 111.1% change
2025-07-08: Highest IV Rank — 49.9%
2025-07-22: Largest Expected Move — 41.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.25	$2.08	$2.49	$2.08	$2.16
Max Pain	$2.00	$2.00	$2.00	$2.00	$2.00
ATM IV	115.2%	72.5%	195.8%	94.3%	96.2%
Expected Move	33.7%	21.9%	41.0%	28.0%	34.2%
HV 20d	77.0%	50.3%	87.7%	86.0%	50.3%
HV 60d	70.9%	66.8%	80.4%	79.6%	68.4%
IV Rank	22.0%	7.2%	49.9%	14.7%	15.4%
IV Percentile	69.0%	15.9%	99.2%	37.7%	43.3%
Term Structure	-5.9%	-51.7%	50.7%	-34.8%	-2.8%
VWIV	126.2%	68.0%	142.0%	101.3%	131.9%
Skew 25d	6.9%	-63.7%	87.1%	-12.6%	-16.3%
Skew 10d	30.6%	-90.2%	286.3%	-3.6%	-62.2%
Call IV 25d	115.8%	77.8%	144.1%	77.8%	91.4%
Put IV 25d	122.8%	65.3%	216.8%	65.3%	75.0%
Bid-Ask Spread %	45.12	21.41	59.95	36.36	43.02
Gamma HHI	0.17	0.16	0.21	0.21	0.16
Net GEX	147.7K	119.1K	194.0K	124.1K	145.8K
Net DEX	-14.3M	-19.0M	-9.0M	-9.0M	-13.6M
Net VEX	-83.3K	-106.1K	-58.0K	-58.0K	-90.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.23	0.02	1.95	0.16	0.41
Total Volume	9,844.682	1,882	30,267	11,012	1,882
Total OI	175,838.682	136,038	210,509	136,038	207,408

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-07-01	$2.08	$2.00	94.3%	28.0%	86.0%	14.7%	101.3%	-12.6%	-34.8%	124.1K	-9.0M	-58.0K	0.16	36.36	N/A	N/A	9,461	1,551	125,735	10,303
2025-07-02	$2.25	$2.00	105.0%	21.9%	87.7%	18.4%	68.0%	-7.4%	-3.2%	119.1K	-13.0M	-64.7K	0.03	36.21	N/A	N/A	18,672	468	129,521	10,941
2025-07-03	$2.29	$2.00	178.9%	29.6%	87.4%	44.1%	101.9%	-4.4%	-51.3%	134.6K	-12.9M	-70.0K	0.26	21.41	N/A	N/A	5,847	1,494	133,166	10,900
2025-07-07	$2.25	$2.00	92.8%	29.1%	84.4%	14.2%	101.3%	-17.5%	-10.3%	137.0K	-12.7M	-71.4K	0.25	42.82	N/A	N/A	3,569	885	133,275	11,572
2025-07-08	$2.21	$2.00	195.8%	30.4%	79.6%	49.9%	119.2%	87.1%	-25.7%	131.4K	-12.3M	-70.3K	0.05	40.18	N/A	N/A	11,540	572	133,739	12,145
2025-07-09	$2.21	$2.00	94.8%	34.0%	79.6%	14.9%	117.8%	10.8%	7.5%	135.5K	-13.0M	-74.2K	0.10	59.95	N/A	N/A	3,869	387	141,522	12,615
2025-07-10	$2.30	$2.00	109.7%	32.0%	80.5%	20.1%	129.1%	-47.0%	-1.3%	142.6K	-14.4M	-77.2K	0.04	40.62	N/A	N/A	8,410	323	142,776	12,956
2025-07-11	$2.29	$2.00	101.0%	35.7%	80.1%	17.1%	134.3%	6.7%	21.3%	150.1K	-15.0M	-78.3K	0.02	41.95	N/A	N/A	13,454	318	147,385	13,066
2025-07-14	$2.29	$2.00	118.4%	35.6%	79.9%	23.1%	140.1%	10.3%	6.5%	161.2K	-15.2M	-79.3K	0.06	38.48	N/A	N/A	7,803	484	149,827	12,849
2025-07-15	$2.17	$2.00	125.8%	36.3%	81.0%	25.7%	133.2%	42.4%	-7.0%	143.3K	-13.1M	-74.8K	1.95	58.19	N/A	N/A	5,312	10,351	151,983	13,236
2025-07-16	$2.20	$2.00	131.8%	37.8%	81.0%	27.7%	136.0%	85.0%	-7.1%	143.5K	-12.7M	-81.5K	0.18	57.73	N/A	N/A	5,145	901	153,151	23,541
2025-07-17	$2.21	$2.00	112.8%	33.2%	75.6%	21.2%	135.7%	3.9%	9.7%	133.6K	-13.1M	-83.5K	0.24	59.13	N/A	N/A	2,744	654	156,044	24,356
2025-07-18	$2.25	$2.00	120.4%	34.8%	75.5%	23.8%	132.9%	-3.8%	-3.1%	137.9K	-13.3M	-84.3K	0.24	39.34	N/A	N/A	4,824	1,167	157,228	24,765
2025-07-21	$2.27	$2.00	127.4%	32.8%	72.3%	26.2%	138.9%	58.7%	-0.0%	134.2K	-14.1M	-85.9K	0.08	46.24	N/A	N/A	18,468	1,390	152,738	24,656
2025-07-22	$2.49	$2.00	109.4%	41.0%	76.6%	20.0%	141.2%	-63.7%	-51.7%	168.6K	-18.7M	-99.0K	0.04	56.67	N/A	N/A	29,088	1,179	162,453	25,246
2025-07-23	$2.40	$2.00	89.9%	39.4%	74.2%	13.2%	142.0%	24.1%	32.5%	194.0K	-19.0M	-106.1K	0.23	36.46	N/A	N/A	9,937	2,267	180,958	25,455
2025-07-24	$2.38	$2.00	110.7%	37.2%	73.5%	20.4%	130.7%	5.7%	-0.2%	193.6K	-18.8M	-105.6K	0.09	37.08	N/A	N/A	8,677	772	183,056	26,895
2025-07-25	$2.29	$2.00	120.8%	34.4%	75.7%	23.9%	122.9%	11.1%	-3.4%	168.4K	-16.1M	-96.4K	0.12	45.84	N/A	N/A	6,797	834	182,966	27,543
2025-07-28	$2.21	$2.00	125.9%	38.0%	77.5%	25.7%	138.3%	10.3%	-7.0%	159.6K	-15.3M	-95.6K	0.24	53.26	N/A	N/A	3,969	960	178,579	27,321
2025-07-29	$2.17	$2.00	100.0%	31.9%	78.1%	16.7%	140.4%	-47.7%	-49.7%	147.4K	-14.4M	-94.0K	0.16	48.98	N/A	N/A	4,954	793	180,012	27,367
2025-07-30	$2.17	$2.00	72.5%	34.8%	57.8%	7.2%	138.9%	16.4%	50.7%	144.4K	-14.4M	-92.3K	0.14	52.66	N/A	N/A	3,854	557	179,331	27,870
2025-07-31	$2.16	$2.00	96.2%	34.2%	50.3%	15.4%	131.9%	-16.3%	-2.8%	145.8K	-13.6M	-90.0K	0.41	43.02	N/A	N/A	1,331	551	179,512	27,896