HIVE Options History — November 2025

In November 2025, HIVE traded between $2.90 and $5.41. ATM implied volatility averaged 122.3%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 36.4%. IV traded above realized volatility by 21.6% (HV 20d: 100.7%). Max pain ranged from $3.00 to $5.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.20.

Notable Days

  • 2025-11-04: Highest Volume — 35,729 contracts
  • 2025-11-05: Largest IV spike — 22.9% change
  • 2025-11-07: Highest IV Rank — 56.3%
  • 2025-11-05: Largest Expected Move — 43.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.93$2.90$5.41$5.41$3.35
Max Pain$3.39$3.00$5.50$5.50$3.00
ATM IV122.3%98.8%144.3%133.8%105.4%
Expected Move36.4%32.3%43.5%43.2%36.5%
HV 20d100.7%82.5%109.8%107.5%97.8%
HV 60d105.1%96.5%111.8%96.5%111.3%
IV Rank42.9%28.6%56.3%49.9%32.6%
IV Percentile70.3%41.7%91.7%86.1%49.6%
Term Structure-5.0%-85.1%58.7%-8.4%-27.2%
VWIV130.8%112.2%149.9%145.4%126.4%
Skew 25d-5.7%-35.7%35.0%-7.1%-28.2%
Skew 10d-3.7%-64.0%112.3%-23.6%-6.6%
Call IV 25d123.9%67.6%156.5%119.8%113.2%
Put IV 25d118.1%85.0%143.0%112.7%85.0%
Bid-Ask Spread %53.8535.5170.1457.1548.85
Gamma HHI0.120.110.140.140.12
Net GEX416.8K229.5K587.8K581.2K385.9K
Net DEX-45.4M-82.5M-20.1M-82.5M-33.8M
Net VEX-211.3K-282.1K-161.0K-247.2K-184.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.040.570.140.09
Total Volume17,438.4215,49335,72926,3839,107
Total OI362,996330,876377,694330,876361,023

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$5.41$5.50133.8%43.2%107.5%49.9%145.4%-7.1%-8.4%581.2K-82.5M-247.2K0.1457.15N/AN/A23,1523,231275,12655,750
2025-11-04$5.00$5.50116.0%38.4%104.4%39.1%137.5%-25.7%-1.5%558.4K-71.8M-246.3K0.1570.14N/AN/A31,0284,701288,15157,831
2025-11-05$5.08$5.50142.6%43.5%100.7%55.3%149.9%-25.1%-16.1%587.8K-77.3M-282.1K0.1165.10N/AN/A12,6591,443304,86860,019
2025-11-06$4.79$3.00129.5%38.3%99.1%47.3%135.4%-2.8%-14.5%533.6K-69.6M-270.2K0.1646.62N/AN/A9,9761,566307,64660,665
2025-11-07$4.71$3.00144.3%37.2%99.1%56.3%132.0%-6.3%-85.1%518.5K-65.9M-263.2K0.2057.59N/AN/A14,5412,981308,45460,756
2025-11-10$4.75$3.00130.4%37.9%99.3%47.8%132.6%25.4%1.2%534.1K-69.2M-253.1K0.1150.62N/AN/A24,3962,735298,74056,534
2025-11-11$4.62$3.00113.7%34.3%98.1%37.7%132.3%-5.8%21.0%548.6K-62.8M-256.0K0.1358.74N/AN/A9,1071,145306,35058,299
2025-11-12$4.14$3.00115.4%33.7%103.1%38.7%119.5%-35.7%9.6%474.0K-48.1M-232.8K0.1566.12N/AN/A18,2172,763307,04358,804
2025-11-13$3.69$3.00115.8%35.3%99.4%38.9%133.1%13.9%41.0%400.7K-37.3M-209.0K0.3564.71N/AN/A16,4785,770311,81058,725
2025-11-14$3.34$3.00128.9%36.2%103.0%46.9%135.9%5.0%-6.2%323.7K-28.2M-185.4K0.3647.20N/AN/A19,3266,969313,34959,968
2025-11-17$3.55$3.00124.9%35.7%107.6%44.5%128.4%-12.7%-29.4%354.9K-33.4M-180.7K0.1541.70N/AN/A23,8783,701308,88956,953
2025-11-18$3.54$3.00125.3%36.0%107.9%44.7%134.4%-14.7%20.2%364.2K-35.1M-194.4K0.2251.14N/AN/A6,0271,352317,48157,667
2025-11-19$3.13$3.00127.8%36.6%109.8%46.3%134.9%-22.1%-25.7%282.7K-24.3M-172.8K0.5758.14N/AN/A6,9944,017319,45957,909
2025-11-20$2.96$3.00129.7%34.4%108.6%47.4%131.0%-5.7%58.7%229.5K-21.3M-163.6K0.1145.30N/AN/A14,1081,620321,66956,025
2025-11-21$2.90$3.00117.7%35.3%82.5%40.1%127.6%-1.7%-25.0%264.1K-20.1M-161.0K0.2835.51N/AN/A10,1132,803325,11851,434
2025-11-24$3.21$3.00106.8%32.8%95.4%33.5%121.5%-8.0%-19.2%315.3K-26.2M-168.4K0.1856.57N/AN/A12,8602,375301,15144,908
2025-11-25$3.19$3.0098.8%33.4%94.5%28.6%115.8%35.0%-1.7%328.9K-26.6M-170.7K0.1952.38N/AN/A4,620873307,16946,539
2025-11-26$3.24$3.00116.4%32.3%95.5%39.3%112.2%13.4%13.0%332.4K-28.4M-173.2K0.0449.59N/AN/A14,169529308,20846,434
2025-11-28$3.35$3.00105.4%36.5%97.8%32.6%126.4%-28.2%-27.2%385.9K-33.8M-184.7K0.0948.85N/AN/A8,359748314,44046,583