ONDS Options History — May 2025

In May 2025, ONDS traded between $0.75 and $1.23. ATM implied volatility averaged 153.0%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 42.1%. IV traded above realized volatility by 56.8% (HV 20d: 96.2%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.03.

Notable Days

  • 2025-05-19: Highest Volume — 18,213 contracts
  • 2025-05-06: Largest IV spike — 55.8% change
  • 2025-05-12: Highest IV Rank — 46.6%
  • 2025-05-14: Largest Expected Move — 54.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.89$0.75$1.23$0.80$1.23
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV153.0%72.9%271.3%114.9%145.6%
Expected Move42.1%20.9%54.2%33.0%41.8%
HV 20d96.2%78.0%132.9%132.9%98.4%
HV 60d124.1%119.9%129.5%129.3%123.9%
IV Rank18.8%0.0%46.6%9.1%17.1%
IV Percentile24.0%0.0%86.1%2.4%14.7%
Term Structure15.7%-37.8%76.0%68.0%-1.2%
VWIV163.2%110.9%260.3%224.2%149.4%
Skew 25d-10.5%-90.5%69.3%-73.6%17.8%
Skew 10d-1.5%-58.1%51.5%-58.1%23.9%
Call IV 25d139.6%77.3%207.4%181.4%154.9%
Put IV 25d129.2%103.1%172.8%107.9%172.8%
Bid-Ask Spread %50.9837.2073.5053.5358.85
Gamma HHI0.290.210.530.230.29
Net GEX20.7K12.0K37.5K14.6K16.1K
Net DEX-1.9M-4.3M-1.1M-1.2M-4.3M
Net VEX-8.1K-11.0K-6.3K-7.1K-8.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.030.000.120.010.09
Total Volume5,682.71478518,2131,85512,371
Total OI111,713.14396,220119,709110,042113,562

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$0.80$1.00114.9%33.0%132.9%9.1%224.2%-73.6%68.0%14.6K-1.2M-7.1K0.0153.531,84411103,9136,129
2025-05-02$0.83$1.0072.9%20.9%117.0%0.0%260.3%2.4%76.0%15.2K-1.3M-7.4K0.0151.721,93021104,5836,159
2025-05-05$0.78$1.0097.5%51.3%118.3%5.8%157.1%-13.9%0.3%14.2K-1.2M-7.1K0.0437.2088535105,5866,165
2025-05-06$0.76$1.00151.9%52.3%116.5%18.5%182.6%-11.3%-6.5%14.0K-1.2M-6.9K0.0046.802,1072105,8856,197
2025-05-07$0.75$1.00185.1%29.3%103.9%26.3%142.6%-8.6%46.2%12.0K-1.1M-6.3K0.0049.711,2152106,5286,189
2025-05-08$0.79$1.00145.7%50.0%101.8%17.1%174.6%17.9%4.8%15.2K-1.2M-7.0K0.0057.582,5008107,4146,191
2025-05-09$0.77$1.00182.6%51.6%101.4%25.8%182.0%-90.5%7.1%14.9K-1.3M-7.0K0.0046.187850107,7616,197
2025-05-12$0.83$1.00271.3%49.2%104.5%46.6%179.7%-77.7%12.9%16.0K-1.4M-7.2K0.0047.462,9483107,9276,141
2025-05-13$0.86$1.00246.7%46.7%89.8%40.8%166.0%-70.3%15.0%16.9K-1.5M-7.3K0.0154.814,00533109,2946,142
2025-05-14$0.88$1.00189.0%54.2%88.1%27.2%187.6%-29.9%-6.6%19.7K-1.8M-8.6K0.1055.054,343420111,6536,169
2025-05-15$0.87$1.00127.1%36.4%86.5%12.7%126.0%3.2%42.9%16.3K-1.4M-7.0K0.0373.5013,020371113,1826,527
2025-05-16$0.93$1.00155.8%44.7%87.3%19.5%154.5%30.8%9.8%19.1K-1.7M-8.0K0.1257.682,891356110,2866,735
2025-05-19$0.97$1.00152.6%43.7%80.5%18.7%152.4%-29.4%9.4%22.8K-2.0M-8.6K0.0737.9716,9451,26891,5184,702
2025-05-20$0.95$1.00156.8%45.0%81.2%19.7%148.1%69.3%3.7%26.1K-2.4M-10.0K0.0147.684,73167100,1215,899
2025-05-21$0.85$1.00120.9%34.7%90.6%11.3%130.5%-2.6%9.7%21.1K-1.6M-8.2K0.0164.496,48141100,7125,951
2025-05-22$0.90$1.00111.3%31.9%90.9%9.0%111.3%16.8%37.3%28.4K-1.9M-9.0K0.0137.856,24535104,9505,992
2025-05-23$0.93$1.00108.4%31.1%78.7%8.3%110.9%14.9%34.1%29.3K-2.0M-8.5K0.0144.162,24922102,9095,974
2025-05-27$0.94$1.00163.4%46.8%78.0%21.2%161.2%40.9%-13.3%27.3K-2.2M-8.9K0.0150.798,75099102,8785,974
2025-05-28$1.08$1.00166.0%47.6%87.4%21.9%171.2%1.9%-37.8%37.5K-3.4M-11.0K0.0348.2615,293501106,7566,052
2025-05-29$1.06$1.00147.4%42.3%86.2%17.5%153.9%-27.8%17.8%37.2K-3.1M-10.4K0.0749.294,218286106,8836,190
2025-05-30$1.23$1.00145.6%41.8%98.4%17.1%149.4%17.8%-1.2%16.1K-4.3M-8.8K0.0958.8511,3221,049107,1616,401