ONDS Options History — March 2025

In March 2025, ONDS traded between $0.67 and $1.10. ATM implied volatility averaged 170.4%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 48.0%. IV traded above realized volatility by 57.3% (HV 20d: 113.0%). Max pain ranged from $0.50 to $2.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.11.

Notable Days

  • 2025-03-12: Highest Volume — 16,557 contracts
  • 2025-03-17: Largest IV spike — 35.8% change
  • 2025-03-13: Highest IV Rank — 30.7%
  • 2025-03-20: Largest Expected Move — 57.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.81$0.67$1.10$0.85$1.00
Max Pain$1.37$0.50$2.00$2.00$0.50
ATM IV170.4%119.5%206.4%151.4%190.4%
Expected Move48.0%40.1%57.8%43.4%51.7%
HV 20d113.0%93.3%136.2%116.4%131.8%
HV 60d154.1%123.2%175.7%174.0%128.2%
IV Rank22.2%10.1%30.7%17.7%26.9%
IV Percentile31.8%2.0%55.2%18.7%45.2%
Term Structure-17.0%-151.6%50.6%-53.4%-26.2%
VWIV185.5%136.7%274.8%157.4%171.1%
Skew 25d-11.9%-78.6%78.3%-19.3%-56.3%
Skew 10d-3.1%-92.0%59.1%5.6%18.5%
Call IV 25d161.3%93.3%234.1%151.8%232.6%
Put IV 25d149.4%90.5%215.0%132.5%176.3%
Bid-Ask Spread %50.8716.62140.8245.4555.44
Gamma HHI0.200.170.240.220.17
Net GEX13.1K9.0K23.2K13.4K21.1K
Net DEX-925.4K-2.1M-540.4K-791.7K-1.6M
Net VEX-7.1K-10.4K-5.2K-7.6K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.110.010.410.050.34
Total Volume2,871.8128216,5571,4476,672
Total OI77,499.71468,65783,83875,55774,134

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$0.85$2.00151.4%43.4%116.4%17.7%157.4%-19.3%-53.4%13.4K-791.7K-7.6K0.0545.451,3836471,0284,529
2025-03-04$0.86$2.00154.6%44.3%116.2%18.5%143.9%3.2%-0.1%13.9K-975.2K-8.4K0.1438.893164371,7274,552
2025-03-05$0.88$2.00139.8%40.1%115.3%15.0%145.8%27.9%-6.0%14.3K-844.9K-7.9K0.0239.861,2182671,7084,577
2025-03-06$0.80$2.00171.2%49.1%117.4%22.4%212.3%-78.6%28.9%12.6K-786.7K-7.5K0.0238.751,7683372,9004,510
2025-03-07$0.81$2.00176.3%50.6%112.1%23.6%212.9%-63.4%-9.6%12.7K-773.9K-7.4K0.0338.81275772,8754,524
2025-03-10$0.72$2.00159.9%45.8%105.8%19.7%274.8%-60.6%-25.6%10.3K-664.5K-6.2K0.0238.501,4813173,0124,502
2025-03-11$0.74$2.00200.2%51.9%96.8%29.3%243.1%-26.1%-151.6%11.6K-845.9K-7.2K0.1616.625,80592973,9114,502
2025-03-12$0.69$1.50192.0%50.3%93.3%27.3%200.1%38.0%-85.6%11.5K-938.1K-7.4K0.1239.9614,8461,71176,9844,938
2025-03-13$0.67$1.50206.4%43.4%93.4%30.7%172.8%34.1%-9.5%9.0K-540.4K-5.4K0.0327.022,4146475,8206,332
2025-03-14$0.71$1.50145.4%53.5%100.9%16.3%200.1%-51.4%-43.9%9.7K-580.8K-5.7K0.1860.604688575,8516,339
2025-03-17$0.78$1.50197.6%40.4%113.1%28.6%156.6%0.6%-29.9%11.4K-718.7K-6.4K0.0345.691,3244275,9926,348
2025-03-18$0.73$1.50162.6%49.1%112.0%20.4%185.9%4.4%-2.6%10.8K-758.4K-6.3K0.0224.894991276,6296,375
2025-03-19$0.76$1.50165.5%50.6%108.1%21.0%180.5%-53.9%-7.7%9.0K-587.1K-5.2K0.3140.3568121276,9996,383
2025-03-20$0.70$0.00119.5%57.8%109.5%10.1%0.0%-52.3%32.9%9.8K-587.0K-5.8K0.12140.821,11413277,0576,390
2025-03-21$0.71$0.00142.5%41.7%108.2%15.6%187.8%-34.5%50.6%10.1K-597.1K-5.7K0.41107.1028411677,3276,511
2025-03-24$0.81$0.50180.2%51.0%116.0%24.5%136.7%-33.7%-1.4%11.2K-850.1K-6.3K0.0330.462,1416165,2433,414
2025-03-25$0.89$0.50182.1%46.4%120.2%25.0%185.9%38.4%15.5%15.6K-1.2M-7.6K0.0153.131,7642067,2253,471
2025-03-26$0.84$0.50153.6%43.3%120.2%18.2%196.1%-9.5%-15.1%14.5K-1.1M-7.5K0.0396.021,2403967,3123,487
2025-03-27$0.99$0.50185.5%52.8%131.1%25.8%180.1%78.3%-3.7%19.3K-1.6M-8.9K0.0323.554,98415967,8183,487
2025-03-28$1.10$0.50201.7%51.9%136.2%29.6%165.5%65.3%-13.0%23.2K-2.1M-10.4K0.2066.274,86897767,1623,609
2025-03-31$1.00$0.50190.4%51.7%131.8%26.9%171.1%-56.3%-26.2%21.1K-1.6M-8.5K0.3455.444,9631,70969,7234,411