ONDS Options History — January 2025

In January 2025, ONDS traded between $1.69 and $2.80. ATM implied volatility averaged 180.4%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 47.9%. IV traded below realized volatility by 14.3% (HV 20d: 194.8%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.16.

Notable Days

  • 2025-01-03: Highest Volume — 25,796 contracts
  • 2025-01-13: Largest IV spike — 43.7% change
  • 2025-01-13: Highest IV Rank — 46.4%
  • 2025-01-03: Largest Expected Move — 67.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.17$1.69$2.80$2.63$1.77
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV180.4%121.2%283.7%231.0%152.1%
Expected Move47.9%34.7%67.9%66.2%43.6%
HV 20d194.8%132.0%240.2%221.0%132.0%
HV 60d161.1%153.0%167.2%155.6%167.1%
IV Rank20.6%5.8%46.4%33.2%13.5%
IV Percentile37.4%4.8%87.7%68.3%20.2%
Term Structure-3.9%-67.4%80.7%-9.0%2.1%
VWIV177.3%146.5%237.2%232.8%152.9%
Skew 25d-5.9%-70.5%70.2%70.2%-20.9%
Skew 10d15.9%-45.6%77.1%-20.7%26.7%
Call IV 25d167.9%131.1%209.6%159.6%154.0%
Put IV 25d162.0%95.1%229.8%229.8%133.2%
Bid-Ask Spread %45.368.8770.248.8741.99
Gamma HHI0.260.180.420.420.19
Net GEX40.1K32.9K52.2K41.4K35.0K
Net DEX-4.3M-7.2M-2.8M-5.1M-3.5M
Net VEX-23.0K-28.5K-19.5K-19.5K-21.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.011.040.040.02
Total Volume7,628.844325,79611,2363,419
Total OI65,185.344,09577,27544,09572,645

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$2.63$2.50231.0%66.2%221.0%33.2%232.8%0.0%-9.0%41.4K-5.1M-19.5K0.048.8710,85638040,5363,559
2025-01-03$2.80$2.50236.8%67.9%220.3%34.7%237.2%70.2%-25.9%50.1K-7.2M-24.4K0.0431.5124,7661,03047,6883,956
2025-01-06$2.71$2.50194.2%52.3%219.9%24.0%186.8%-21.4%3.3%52.2K-5.6M-21.6K0.3956.147,9663,12045,1994,609
2025-01-07$2.58$2.50208.4%56.7%223.5%27.6%194.5%19.9%-25.7%42.4K-4.6M-21.1K0.0768.509,69369646,9077,442
2025-01-08$2.55$2.50206.7%52.5%224.0%27.1%193.2%40.5%-39.3%46.8K-4.8M-21.9K0.0964.0410,26194850,5087,500
2025-01-10$2.21$2.50197.4%42.2%235.0%24.8%197.8%56.2%80.7%37.7K-5.0M-20.8K0.0359.4510,42231256,1967,871
2025-01-13$1.90$2.50283.7%50.0%240.2%46.4%185.3%-17.2%-12.8%36.4K-2.8M-20.5K0.5470.245,6523,02663,3037,799
2025-01-14$2.00$2.50241.7%51.1%240.1%35.9%187.8%7.3%-67.4%44.8K-3.5M-23.8K0.1031.632,66425867,1708,286
2025-01-15$2.25$2.50176.0%50.4%226.5%19.5%176.1%2.6%-14.1%40.5K-3.9M-25.5K1.0458.462,3042,39967,3188,394
2025-01-16$2.21$2.50181.9%52.2%212.3%21.0%172.2%31.9%-0.0%39.1K-3.7M-25.2K0.1938.061,02119068,0759,065
2025-01-17$2.04$2.50134.8%38.6%214.6%9.2%167.8%-6.4%75.6%34.8K-3.3M-24.1K0.1655.292,68142368,1319,144
2025-01-21$2.01$2.50151.7%43.5%174.3%13.4%146.5%10.9%14.9%35.5K-3.8M-22.7K0.0235.434,8149053,5665,765
2025-01-22$2.40$2.50162.0%46.5%180.9%16.0%158.9%-28.8%-0.2%46.7K-5.6M-28.5K0.0640.685,87937856,7395,835
2025-01-23$2.13$2.50155.5%44.6%184.9%14.4%158.6%-12.7%8.6%40.5K-4.4M-25.2K0.0532.693,57419557,0866,037
2025-01-24$2.01$2.50159.7%45.8%165.0%15.4%156.7%-54.6%-19.2%39.5K-4.3M-24.6K0.1037.843,79638459,6386,158
2025-01-27$1.92$2.50160.0%45.9%164.5%15.5%160.3%-54.2%9.6%37.1K-3.9M-23.4K0.1238.571,92822362,2346,359
2025-01-28$1.83$2.50121.2%34.7%141.2%5.8%157.3%-21.7%8.0%35.6K-3.4M-22.1K0.0148.7320,54428362,5046,434
2025-01-29$1.73$2.50121.4%34.8%139.3%5.9%152.5%-42.7%-42.4%32.9K-3.4M-21.4K0.1250.854,94861064,9696,644
2025-01-30$1.69$2.50132.3%37.9%135.8%8.6%169.9%-70.5%-24.7%33.2K-3.4M-21.5K0.0338.324311265,4836,954
2025-01-31$1.77$2.50152.1%43.6%132.0%13.5%152.9%-20.9%2.1%35.0K-3.5M-21.5K0.0241.993,3516865,6796,966